2 Bed Flat, Single Let, Birmingham, B15 2DR, £220,000

Lexington Gardens, Birmingham, B15 2DR - 7 views - a year ago

Under Offer

Leasehold

BTL

ROI: 1%

~68 m²

+4 photos

ValuationOvervalued

Sold Prices	£30K - £500K
Sold Prices/m²	£724/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£149,296£149,296

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£8,700£8,700
Total Cash In	£63,700£63,700

Cash Out
Rent Range	£950 - £2,900£950 - £2,900
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

29 sold prices from £30K to £500K, average is £144K. £724/m² to £4.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£144.5K	09/21	0.43 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£500K	02/21	0.44 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.44 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.44 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.44 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£130K	06/21	0.45 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£150K	02/23	0.46 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.46 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.46 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£65K	02/23	0.48 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£30K	10/20	0.48 mi	Flat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	0.48 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£235K	12/22	0.5 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£55K	03/21	0.51 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	0.51 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£290K	09/21	0.56 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£242.5K	10/20	0.59 mi	153, Viceroy Close, Birmingham, West Midlands B5 7UX	£2,228	109	2	Flat
£235K	07/21	0.61 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£144K	05/21	0.62 mi	6, Dalloway Close, Birmingham, West Midlands B5 7RD	£1,846	78	2	Flat
£120.2K	06/22	0.65 mi	25, Royston Croft, Birmingham, West Midlands B12 9DX	£1,624	74	2	Flat
£99K	08/22	0.75 mi	54, Foster Way, Birmingham, West Midlands B5 7QJ	£1,597	62	2	Flat
£65K	11/23	0.85 mi	Flat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE	-	-	2	Flat
£182K	12/22	0.9 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£100K	07/21	0.92 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£90K	06/21	0.93 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£100K	12/20	0.95 mi	2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	£1,639	61	2	Flat
£130K	10/20	0.95 mi	6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	£2,241	58	2	Flat
£110K	11/20	0.96 mi	73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG	£1,864	59	2	Flat
£180K	08/21	1 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0 mi	Washington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR	2	Flat
£1,275	12/24	0 mi	Washington Apartments, Birmingham, B15	2	Flat
£1,250	12/24	0 mi	Washington Apartments, Birmingham, B15	2	Flat
£1,400	02/24	0 mi	-	2	Flat
£1,230	02/24	0 mi	-	2	Flat
£1,300	03/24	0 mi	-	2	Flat
£1,250	03/24	0 mi	-	2	Flat
£1,325	03/25	0 mi	-	2	Flat
£1,275	02/24	0 mi	-	2	Flat
£1,350	03/25	0.03 mi	-	2	Flat
£1,350	12/24	0.04 mi	Lincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B15	2	Flat
£2,400	02/24	0.04 mi	-	2	Flat
£1,270	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,300	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,300	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,200	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,400	02/25	0.05 mi	-	2	Flat
£1,500	12/24	0.06 mi	Roosevelt Apartments, Birmingham, B15	2	Flat
£1,300	02/24	0.06 mi	-	2	Flat
£1,500	12/24	0.06 mi	-	2	Flat
£1,295	12/24	0.06 mi	-	2	Flat
£950	12/24	0.07 mi	Baronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B15	2	Flat
£1,200	03/25	0.07 mi	-	2	Flat
£1,150	12/24	0.07 mi	The Edg, 103 Springmeadow Road, Birmingham, West Midlands, B15	2	Flat
£1,150	12/24	0.08 mi	Bell Barn Road, Birmingham, B15	2	Flat
£1,150	12/24	0.08 mi	Bell Barn Road, Edgbaston, Birmingham, B15	2	Flat
£1,300	12/24	0.09 mi	Springmeadow Road, Edgbaston, 2 Bedroom Apartment	2	Flat
£1,100	12/24	0.1 mi	The Edg, 103 Springmeadow Road, Birmingham, B15	2	Flat
£1,100	12/24	0.1 mi	The Edg, Springmeadow Road, Edgbaston, Birmingham	2	Flat
£1,150	12/24	0.1 mi	The Edge, 103 Springmeadow Road B15 2GJ	2	Flat
£1,225	12/24	0.12 mi	Bell Barn Road	2	Flat
£1,150	12/24	0.15 mi	22 Belgrave Middleway, Birmingham	2	Flat
£1,500	03/25	0.15 mi	-	2	Flat
£1,300	03/24	0.15 mi	-	2	Flat
£1,300	02/24	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	-	2	Flat
£1,350	01/25	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	Waterway House, Birmingham, B5	2	Flat
£1,250	12/24	0.16 mi	Attwood House, Stratford House Road, B5 7EY	2	Flat
£1,250	12/24	0.16 mi	Attwood House, Birmingham, B5	2	Flat
£1,250	02/25	0.16 mi	-	2	Terraced House
£2,400	01/25	0.17 mi	-	2	Terraced House
£2,900	01/25	0.17 mi	-	2	Semi-Detached House
£2,200	02/24	0.18 mi	-	2	Flat
£1,100	02/24	0.18 mi	-	2	Flat
£1,350	12/24	0.19 mi	Hope Street, BIRMINGHAM	2	Flat
£1,400	12/24	0.19 mi	8 Hope Street, Birmingham, B5 7EU	2	Terraced House
£1,200	12/24	0.19 mi	Apartment 15 Rickman Drive, Birmingham	2	Flat
£1,200	12/24	0.19 mi	Rickman Drive, Birmingham, B15	2	Flat

Local Area Statistics

Population in B15	17,55217,552
Population in Birmingham	1,034,8211,034,821
Town centre distance	0.99 miles away0.99 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+71%+71%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Price changed to £220,000

December 4, 2024

Listed for £250,000

February 27, 2024

Floor Plans

Description

TWO double bedroom +
TWO Bath +
Furnished +
Open plan lounge and fitted kitchen +
Secure Entry System +
Lift Access +
Good Transport Links +
Central location +

A lovely two bedrooms with two bathrooms apartment is located on the top floor set in the luxury new development Lexington Gardens. It boasts two double bedrooms with built in wardrobes, master ensuite and bathroom. One parking space is also included.

Lexington Gardens is one of largest residential neigbourhoods in Birmingham City Centre. It is very easy to access Five Ways and New Street Station. This modern apartment really is the definition of stunning. With a good sized open plan living area, this property certainly offers space and style. Properties in this specific location are in high demand as Park Central carries a good reputation.

Tenure: Leasehold
Length Of Lease: 243
Annual Service Charge Amount: £2675.5
Annual Ground Rent Amount: £350
EPC: D
Council Tax Band: B

Agent Details

Zuker Property Ltd, Birmingham

020 3840 3575

Next Steps?

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

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