2 Bed Flat, Single Let, Birmingham, B15 2DF, £200,000

Longleat Avenue, Birmingham, B15 2DF - 2 views - a year ago

Leasehold
BTL
ROI: 3%
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£149,296

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£995 - £2,375

Rent Estimate

£1,000

Running Costs/mo

£845

Cashflow/mo

£155

Cashflow/yr

£1,860

ROI

3%

Gross Yield

6%

Local Sold Prices

28 sold prices from £30K to £500K, average is £151.8K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.26 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.26 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.26 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.26 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K07/210.29 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.33 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£144.5K09/210.41 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£150K02/230.53 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.53 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.53 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£182K12/220.57 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.59 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£180K08/210.61 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£90K06/210.62 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£153.5K06/210.66 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£235K12/220.74 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£125K12/210.74 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.74 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£65K02/230.79 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.79 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.79 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£242.5K10/200.83 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£130K06/210.84 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£55K03/210.88 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.88 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£144K05/210.91 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£290K10/220.97 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£99K08/220.99 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2

Local Rents

50 rents from £995/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25012/240 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240 mi29 Longleat Avenue, Park Central, B152
£1,30012/240 mi29 Longleat Avenue, Park Central, B152
£1,10002/240.01 mi-2
£1,27502/240.01 mi-2
£1,05012/240.01 mi-2
£1,20002/250.01 mi-2
£1,20012/240.02 miBradshaw Close, Birmingham, B152
£1,50001/250.03 mi-2
£1,20012/240.04 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,10012/240.04 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,00012/240.05 miWheeleys Lane, Park Central, B152
£1,19003/240.05 mi-2
£1,19012/240.05 miWheeleys Lane, Birmingham, B152
£1,20012/240.05 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.05 mi26 Wheeleys Lane, Birmingham, B152
£1,60002/250.05 mi-2
£1,25001/250.06 mi-2
£1,15012/240.06 miBath Row, Birmingham2
£2,16702/240.07 mi-2
£1,20012/240.07 miWheeleys Lane, Birmingham2
£1,10012/240.08 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.08 miLee Bank Middleway, Birmingham City Centre2
£99502/240.08 mi-2
£1,15002/250.08 mi-2
£1,15012/240.08 miLee Bank Middleway, Birmingham, B152
£1,05012/240.08 miLee Bank Middleway, Birmingham, B152
£99512/240.08 miLee Bank Middleway, Birmingham, B152
£99512/240.08 miLee Bank Middleway, Park Central, Birmingham City Centre2
£1,00012/240.08 miFaraday House, Bell Barn Road, Birmingham, B152
£1,20012/240.09 miAlfred Knight Way, Birmingham City Centre2
£1,35003/240.09 mi-2
£1,35012/240.09 miAlfred Knight Way, Birmingham, B152
£2,37502/250.09 mi-2
£2,15003/250.09 mi-2
£1,07512/240.09 miPark Central,Birmingham,B15 2BG2
£1,05012/240.09 miMasons Way, Birmingham, B152
£1,25012/240.09 mi-2
£1,35012/240.12 mi-2
£1,32512/240.12 mi-2
£1,10001/250.12 mi-2
£1,25003/250.12 mi-2
£1,29003/250.12 mi-2
£1,20012/240.12 miWheeleys Road, Birmingham2
£1,22512/240.13 miGranville Street, BIRMINGHAM2
£1,25012/240.13 miPark Central2
£1,50012/240.13 miBirmingham, Birmingham, B152
£1,50003/240.13 mi-2
£1,40001/250.13 mi-2
£1,40002/240.13 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.34 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £200,000

April 19, 2024

Floor Plans

Description

  • WELL PRESENTED APARTMENT +
  • CITY CENTRE LOCATION +
  • CLOSE TO PARK CENTRAL +
  • IDEAL FIRST TIME PURCHASE +
  • OFF STREET PARKING +
  • 5th FLOOR +
  • BALCONY OFF LOUNGE +

SUMMARY
A VERY WELL PRESENTED TWO BEDROOM APARTMENT - Offering secure gated parking and being spacious throughout. Having lounge, kitchen, bathroom, ensuite, two bedrooms & is situated in Park Central. A very sought after area!

DESCRIPTION
Here at Connells Birmingham City office we offer free advice on the house buying, selling, investing and letting process. Whilst also offering a large range of brand new build properties. We also offer mortgage advise should you need it whether you're a purchaser, seller or investor. Please contact us for more information.

A VERY WELL PRESENTED TWO BEDROOM APARTMENT - Offering secure gated parking and being spacious throughout. Having lounge, kitchen, bathroom, ensuite, two bedrooms & is situated in Park Central. A very sought after area!

Property Details  
Secure gated parking.

Entrance Hall  
Having an intercom system, storage and heater.

Lounge  10' 4" x 13' 9" ( 3.15m x 4.19m )
Having laminate flooring with two radiators and double glazed door to balcony.

Kitchen  7' 4" x 9' 1" ( 2.24m x 2.77m )
Having a fitted kitchen with wall and base units to include work surfaces over, stainless steel sink and drainer, cooker point with cooker hood above, integrated fridge/freezer and laminate flooring.

Bedroom One  11' 3" x 14' 3" ( 3.43m x 4.34m )
Having double glazing window overlooking the balcony, radiator and laminate flooring.

Bedroom Two  
Having laminate flooring and radiator.

Bathroom  
Suite to comprise of a panelled bath, shower cubicle, vanity wash hand basin, low level w.c, fully tiled and tiled flooring.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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