2 Bed Flat, Planning Permission, Birmingham, B16 8BS, £170,000

Ryland Street, Birmingham, West Midlands, B16 8BS - a year ago

Leasehold
Planning
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£90K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£192,272
BMV13%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Total Cash In

£53,100

 

 

Cash Out

 

Rent Range

£950 - £2,800

Rent Estimate

£1,066

Running Costs/mo

£764

Cashflow/mo

£302

Cashflow/yr

£3,619

ROI

7%

Gross Yield

8%

Local Sold Prices

22 sold prices from £90K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£180K08/210.12 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.14 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.26 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.26 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£182K12/220.4 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£235K07/210.43 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£100K07/210.45 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.49 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K09/210.57 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£500K02/210.59 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.59 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.59 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.59 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K10/220.68 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144.5K09/210.77 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£202.5K01/230.91 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.92 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£208K05/210.92 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.92 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£150K02/230.94 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.94 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.94 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,45002/240 mi-2
£1,10003/240 mi-2
£1,20012/240 mi-2
£1,45004/250 mi-2
£1,20012/240 miRyland Street, Birmingham, B162
£2,80002/250 mi-2
£1,15012/240 mi40 Ryland Street, B162
£1,15012/240 mi40 Ryland Street, B162
£1,25012/240 miRyland Street, BIRMINGHAM2
£1,15012/240.02 miCallisto, Jupiter2
£1,25012/240.02 miCallisto House, Ryland Street, Birmingham City Centre2
£1,20012/240.02 miCallisto, Jupiter2
£1,40012/240.02 mi-2
£1,15012/240.02 miVoyager, 51 Sherbourne Street, Birmingham, B162
£1,15012/240.02 miVoyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP2
£99502/250.02 mi-2
£1,20012/240.03 miCallisto Apartments, 38 Ryland Street, Birmingham, B162
£1,12502/250.04 mi-2
£1,45004/250.04 mi-2
£1,00004/250.04 mi-2
£97512/240.04 mi128 Morville Street, Birmingham2
£1,40004/250.05 mi-2
£1,15012/240.05 mi36 Ryland Street, Birmingham B16 8DB2
£1,55012/240.06 miSherborne Street, City Centre, Birmingham, B16 8FQ2
£1,20012/240.07 miRyland Street, Birmingham2
£1,49502/240.07 mi-2
£1,17512/240.07 miRyland Street, Birmingham, B162
£1,10012/240.07 miRyland Street, Birmingham, Birmingham, B162
£1,20012/240.07 miRyland Street, Birmingham, B162
£1,15012/240.07 miRyland Street, Birmingham, B162
£1,15012/240.07 miSheepcote Street, Birmingham, B162
£1,20012/240.07 miSheepcote Street, Birmingham, B162
£1,10012/240.07 miSinope, Ryland Street2
£1,15003/250.08 mi-2
£1,20012/240.08 miWatermarque, 100 Browning Street2
£1,07512/240.08 miBellcroft, Birmingham, B162
£1,25012/240.08 miBrowning Street, Birmingham, B162
£95012/240.08 miBellcroft, Edgbaston, Birmingham, B162
£1,12512/240.08 mi-2
£1,25012/240.08 miFlat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ2
£1,25012/240.08 miFlat C25, Sherborne Place, Marina Place, Birmingham, B162
£1,25003/250.08 mi-2
£1,25003/250.08 mi-2
£1,25004/250.08 mi-2
£1,25004/250.08 mi-2
£1,29012/240.09 mi-2
£1,29012/240.09 mi-2
£1,29012/240.09 mi-2
£1,25001/250.09 mi-2
£1,25001/250.09 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £170,000

January 31, 2024

Floor Plans

Description

  • Large Two Bedroom Apartment +
  • Secure Parking Space +
  • Incredible Central Location +
  • Two Bathrooms +
  • Ample Storage Space +

A fantastic two bedroom, two bathroom apartment in Galileo on Ryland Street.

Unveiling an exquisite opportunity in the heart of Ryland Street - a two-bedroom, two-bathroom apartment in the esteemed Galileo residence. This contemporary and inviting apartment embodies the perfect fusion of style and comfort, making it an exceptional choice for urban living.

Discover the epitome of space and comfort in both bedrooms, with two generously sized double bedrooms, you'll enjoy ample room for relaxation. The convenience of having two bathrooms adds a touch of luxury to your daily routine, each bathroom is designed for your comfort. The master bedroom has direct access to its en-suite bathroom. A touch of luxury is provided with the convenience of your own private space. Additionally, the master bedroom boasts built-in wardrobe space, ensuring your belongings are neatly organized and easily accessible.

The heart of this apartment is the expansive open-plan living room and kitchen area. It's an ideal space for relaxation, entertainment, and culinary creativity. The open design allows for a seamless flow, making it perfect for hosting gatherings or enjoying peaceful evenings. Each room in this apartment is bathed in natural light, thanks to the large windows that frame the urban landscape.

Galileo on Ryland Street offers the ultimate urban lifestyle, situated in a vibrant neighborhood with access to a wide array of amenities, restaurants, shops, and cultural attractions. With easy access to public transportation, you're also well-connected to the wider city, making it the perfect spot for those who value convenience and city living. Also beneiftting from a secure parking space, which reduces the stress of parking in the city centre.

Council Tax Band: E
Tenure: Leasehold
Service Charge: £3,318.64
Ground Rent: £150
Ground Rent Review Period: TBC
Ground Rent Review Amount: TBc
Next Ground Rent Review:
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating Supply: Electric
Broadband: Refer to Ofcom
Mobile Signal Coverage: No known issues
Building Safety Issues: None
Restrictions: None
Rights And Easements: None
Flood Risks Or Previous Flooding: No
Past Or Present Planning Permissions Or Applications: No
Is the property located in a Coalfield Or Mining Area: No

AGENTS NOTE:
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.

FIXTURES AND FITTINGS:
All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

Agent Details

John Shepherd, Birmingham

0121 387 6483

Next Steps?

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