2 Bed Flat, Single Let, Birmingham, B19 3SR, £220,000

Hinduras Wharf, 14 Summer Lane, Birmingham, 14 Summer Lane, Birmingham, B19 3SR - 5 views - a year ago

BTL

ROI: 3%

~68 m²

ValuationOvervalued

Sold Prices	£55K - £500K
Sold Prices/m²	£724/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£143,940£143,940

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£950 - £3,500£950 - £3,500
Rent Estimate	£1,100
Running Costs/mo	£928£928
Cashflow/mo	£173£173
Cashflow/yr	£2,070£2,070
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

49 sold prices from £55K to £500K, average is £130K. £724/m² to £4.5K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£244K	03/21	0.27 mi	31d, Northwood Street, Birmingham, West Midlands B3 1TX	£2,905	84	2	Flat
£80K	07/22	0.42 mi	Flat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ	-	-	2	Flat
£202.5K	01/23	0.46 mi	Apartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£208K	05/21	0.48 mi	Apartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£180K	04/22	0.48 mi	Apartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£290K	10/22	0.59 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£90K	06/21	0.61 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£100K	07/21	0.66 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£182K	12/22	0.7 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£290K	09/21	0.81 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£82K	05/21	0.84 mi	4, Hunters Vale, Birmingham, West Midlands B19 2XH	-	-	2	Flat
£82K	05/21	0.85 mi	4, Hunters Vale, Birmingham, West Midlands B19 2XH	-	-	2	Flat
£235K	07/21	0.86 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£150K	02/23	0.93 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.93 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.93 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£125K	12/21	1.01 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	1.01 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£180K	08/21	1.04 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£153.5K	06/21	1.1 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£60K	12/21	1.16 mi	98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS	£1,622	37	2	Flat
£60K	02/22	1.16 mi	98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS	£1,714	35	2	Flat
£144K	03/21	1.28 mi	42, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ	£2,689	54	2	Flat
£155K	04/23	1.28 mi	27, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ	£2,870	54	2	Flat
£120K	06/23	1.29 mi	Flat 19, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB	-	-	2	Flat
£100K	05/21	1.29 mi	Flat 15, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB	-	-	2	Flat
£125K	12/21	1.29 mi	Flat 29, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB	-	-	2	Flat
£131K	03/23	1.29 mi	Flat 31, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB	-	-	2	Flat
£110K	05/22	1.29 mi	Flat 21, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB	-	-	2	Flat
£130K	09/22	1.29 mi	38, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ	£2,453	53	2	Flat
£120K	07/22	1.36 mi	22, Hoff Beck Court, Birmingham, West Midlands B9 4PG	-	-	2	Flat
£500K	02/21	1.39 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	1.39 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	1.39 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	1.39 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£144.5K	09/21	1.54 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£55K	03/21	1.55 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	1.55 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£68K	03/22	1.56 mi	80, Townley Gardens, Birmingham, West Midlands B6 6LR	£1,308	52	2	Flat
£130K	06/21	1.59 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£105K	08/22	1.65 mi	39, Bellefield Road, Birmingham, West Midlands B18 4EL	£1,280	82	2	Flat
£120.2K	06/22	1.77 mi	25, Royston Croft, Birmingham, West Midlands B12 9DX	£1,624	74	2	Flat
£65K	02/23	1.81 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	1.81 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£235K	12/22	1.81 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£85K	06/21	1.84 mi	46, Manor Road, Aston, Birmingham, West Midlands B6 6QT	£1,176	72	2	Flat
£85K	06/21	1.84 mi	46, Manor Road, Aston, Birmingham, West Midlands B6 6QT	£1,176	72	2	Flat
£144K	05/21	1.94 mi	6, Dalloway Close, Birmingham, West Midlands B5 7RD	£1,846	78	2	Flat
£100K	11/22	1.97 mi	Flat 17, Wellington Court, Lyndon Close, Handsworth, Birmingham, West Midlands B20 3NL	-	-	2	Flat

Local Rents

51 rents from £950/mo to £3.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	04/24	0.01 mi	Honduras Wharf, 14 Summer Lane, Birmingham, B19	2	Flat
£1,200	04/25	0.03 mi	-	2	Flat
£1,200	03/24	0.03 mi	-	2	Flat
£1,100	12/24	0.03 mi	-	2	Flat
£1,250	12/24	0.03 mi	-	2	Flat
£1,200	12/24	0.03 mi	Hub, Birmingham, B4	2	Flat
£1,700	01/24	0.03 mi	-	2	Flat
£950	04/25	0.04 mi	-	2	Flat
£950	04/25	0.04 mi	-	2	Flat
£950	04/25	0.04 mi	-	2	Flat
£1,150	12/24	0.07 mi	-	2	Flat
£1,250	11/24	0.07 mi	-	2	Flat
£1,300	01/25	0.07 mi	-	2	Flat
£3,500	04/25	0.08 mi	-	2	Flat
£1,150	04/24	0.08 mi	The Hallmark, Bond Street, Birmingham, B19	2	Flat
£1,680	12/24	0.08 mi	The Colmore, Snow Hill Wharf, Shadwell Street, Birmingham, B4	2	Flat
£1,650	12/24	0.08 mi	The Colmore, Snowhill Wharf, B4	2	Flat
£1,200	03/24	0.09 mi	The Hallmark, Bond Street, Birmingham, B19	2	Flat
£1,600	12/24	0.1 mi	The Fazeley, 63 Shadwell Street, Birmingham, B4	2	Flat
£1,650	12/24	0.1 mi	The Lancaster, Snow Hill Wharf, Shadwell Street, Birmingham, B4	2	Flat
£1,550	12/24	0.1 mi	Shadwell Street, Birmingham, B4	2	Flat
£1,550	03/24	0.1 mi	-	2	Flat
£1,150	04/24	0.11 mi	The Hallmark, 5 Bond Street, Birmingham, B19	2	Flat
£1,750	12/24	0.11 mi	The Regent, Snow Hill Wharf, Birmingham	2	Flat
£1,750	12/24	0.11 mi	Snow Hill Wharf, Birmingham City Centre	2	Flat
£1,750	12/24	0.12 mi	The Lancaster, Snow Hill Wharf, Shadwell Street, Birmingham, B4	2	Flat
£1,645	03/25	0.12 mi	-	2	Flat
£1,600	12/24	0.12 mi	The Fazeley, Snow Hill Wharf, Shadwell Street, Birmingham, B4	2	Flat
£1,750	12/24	0.15 mi	Derwent House, Livery Street, Jewelley Quater, Birmingham, B3	2	Flat
£1,600	12/24	0.16 mi	Derwent House, Livery Street, Jewellery Quarter, Birmingham, B3	2	Flat
£2,950	12/24	0.16 mi	aparthotel BIRMINGHAM, St. Chads Queensway, Birmingham	2	Flat
£1,400	03/24	0.17 mi	St James' Court, Lionel Street, B3 1AQ	2	Flat
£2,675	12/24	0.17 mi	Aparthotel Birmingham, St. Chads Queensway, Birmingham, B4 6HY	2	Flat
£1,975	12/24	0.17 mi	Aparthotel Birmingham, St. Chads Queensway, Birmingham, B4 6HY	2	Flat
£2,675	12/24	0.17 mi	Aparthotel Birmingham, St. Chads Queensway, Birmingham, B4 6HY	2	Flat
£1,300	12/24	0.17 mi	St James' Court, Lionel Street, B3 1AQ	2	Flat
£1,300	03/24	0.17 mi	St James' Court, Lionel Street, B3 1AQ	2	Flat
£1,700	02/24	0.18 mi	Derwent House, 7 Mary Ann Street, Birmingham, West Midlands, B3	2	Flat
£1,750	01/24	0.18 mi	Derwent House, 7 Mary Ann Street, Birmingham, West Midlands, B3	2	Flat
£1,400	04/25	0.18 mi	-	2	Flat
£1,065	04/25	0.18 mi	-	2	Flat
£1,050	02/24	0.18 mi	Derwent Foundry, 5 Mary Ann Street, Jewellery Quarter, Birmingham, B3	2	Flat
£1,600	03/24	0.19 mi	Derwent House, 7 Mary Ann Street, Birmingham, West Midlands, B3	2	Flat
£1,050	04/24	0.19 mi	-	2	Flat
£1,700	02/24	0.19 mi	St James' Court, Lionel Street, B3 1AQ	2	Flat
£995	05/24	0.19 mi	-	2	Flat
£1,200	03/24	0.2 mi	Cliveland Street, Birmingham, B19	2	Flat
£1,600	12/24	0.2 mi	Derwent House, Livery Street, Jewellery Quarter, Birmingham, B3	2	Flat
£1,200	03/24	0.2 mi	Cliveland House, Cliveland Street, Birmingham	2	Flat
£1,200	03/24	0.21 mi	Cliveland House, Cliveland Street, Birmingham	2	Flat
£1,650	02/25	0.21 mi	-	2	Flat

Local Area Statistics

Population in B19	20,15220,152
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.77 miles away1.77 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.17 miles away0.17 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+47%+47%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+43%+43%

Property History

Listed for £220,000

February 1, 2024

Description

6.0% Rental Yield! upper Floor 2-Bed Apartment in the Birmingham City Centre.
Mortgage Buyers Welcome. Available to both Investors and Owner-Occupants. Current 6.0% Rental Yield @ £1100 PCM. Tenanted until April 2024.
Council Tax Band - D
EPC Rating - B

Agent Details

NEXIS Property, Manchester

0161 839 1680

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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