2 Bed Flat, Single Let, Birmingham, B17 8TD, £160,000

Sheepmoor Close, Birmingham, B17 8TD - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£56.5K - £270K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£170,277

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,300

Total Cash In

£46,300

 

 

Cash Out

 

Rent Range

£850 - £1,495

Rent Estimate

£875

Running Costs/mo

£695

Cashflow/mo

£180

Cashflow/yr

£2,160

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £56.5K to £270K, average is £129K. £1.1K/m² to £4.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£170K08/210 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/220 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£193K11/220 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£155K02/230.02 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£180K02/230.04 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£157K02/230.06 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/210.06 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£170K09/220.08 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£175K11/220.11 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£144.9K06/210.23 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/200.23 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£144.9K06/210.23 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£65K09/210.61 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.61 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.61 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.61 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.61 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.61 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.61 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.61 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.61 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.61 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.61 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.61 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.61 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.61 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£135K04/210.64 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.64 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£112K03/230.66 miFlat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN2
£270K11/220.68 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£196K09/210.7 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£215K03/210.71 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.71 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.71 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£150K11/220.85 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£147K08/220.85 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£123K06/210.87 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.87 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£145K01/230.87 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£140K12/220.89 mi2, Ventnor Close, Oldbury, West Midlands B68 0DH2
£268K08/220.96 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£120K07/220.97 mi36, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£135K12/220.97 mi42, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£122.5K08/210.98 mi47, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/210.98 mi58, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/210.98 mi58, Daventry Grove, Birmingham, West Midlands B32 1JA2
£142K06/230.98 mi30, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£98K01/210.98 mi229, Norman Road, Smethwick, West Midlands B67 5PQ2
£82K08/220.98 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£80K05/230.98 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2

Local Rents

29 rents from £850/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,49512/240 mi-2
£1,29503/250 mi-2
£1,10012/240.06 miHagley Road West, Birmingham2
£1,10012/240.11 miPeel Walk, BIRMINGHAM2
£1,00012/240.26 miCornerways, Flat 2 Hagley Road 2
£1,10012/240.28 miHagley Road West, Smethwick, B672
£95012/240.33 miMilcote Road, Smethwick2
£99512/240.33 miMilcote Road, Smethwick2
£99512/240.37 miLightwoods Road, Bearwood, West Midlands2
£1,15012/240.37 miBalden Road, Harborne2
£85012/240.42 miBearwood, Smethwick, B662
£85012/240.42 miBearwood, Smethwick, B662
£85003/240.42 mi-2
£1,20004/250.48 mi-2
£1,10012/240.49 miHampton Court Road, Harborne2
£1,15012/240.49 miHampton Court Road, Harborne, B172
£99512/240.5 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£1,00012/240.5 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.5 miHampton Court Road, Harborne, Birmingham, B172
£97501/240.5 mi-2
£1,15012/240.54 miCourt Oak Road, Harborne, B172
£1,10012/240.55 miWood Lane, Harborne2
£89512/240.58 miPoplar Road, Bearwood, Birmingham, West Midlands, B662
£1,20003/240.59 mi-2
£1,20012/240.59 miWeston Road, Birmingham, B672
£87512/240.6 miHagley Road, Harborne, Birmingham2
£95002/250.61 mi-2
£99512/240.61 miHagley Road, Edgbaston, Birmingham2
£1,00012/240.61 miCourt Oak Road, Harbrone, B172

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.99 miles away

Nearest school

0.10 miles away

Nearest train station

1.72 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £160,000

December 4, 2024

Listed for £170,000

April 30, 2024

Floor Plans

Description

  • Spacious ground floor apartment +
  • Great location +
  • Two bedrooms +
  • Living/dining room +
  • Fitted kitchen +
  • Bathroom +
  • Garage en-bloc +

SUMMARY
NO ONWARD CHAIN SPACIOUS TWO BEDROOM GROUND FLOOR APARTMENT SPACIOUS LOUNGE DINER FITTED KITCHEN TWO BEDROOMS BATHROOM COMMUNAL GROUNDS GARAGE EN-BLOC VIEWS OF LIGHTWOODS PARK GREAT TRANSPORT LINKS TO BIRMINGHAM CITY CENTRE **

DESCRIPTION
This spacious two bedroom ground floor apartment is within a highly desirable location in Harborne, just off the Hagley road with easy access to Harborne High Street, Queen Elizabeth Hospital, University of Birmingham and direct transport links into City Centre. The property is also near to both Lightwoods Park and Warley Woods and is within the catchment area for schools for children of all ages.

The apartment itself comprises in more detail: On approach to the apartment is a communal entrance, communal hall, entrance door to apartment, hallway, fitted kitchen, spacious lounge diner, two bedrooms and bathroom. The property benefits from having well-maintained communal grounds and a garage en-bloc providing off road parking.

This apartment is offered with No Onward Chain. This really is an outstanding apartment both in its location, and the accommodation on offer. Viewing This Property is Highly Recommended.

Entrance Hall 
Central heating radiator

Lounge 14' 5" x 15' 4" ( 4.39m x 4.67m )
Double glazed window and central heating radiator

Kitchen 12' 9" x 8' 8" ( 3.89m x 2.64m )
Double glazed window to the rear of the property, wall and base units, sink,washing machine, dish washer, electric oven, storage cupboard and central heating radiator

Bedroom One 10' 5" x 10' 10" ( 3.17m x 3.30m )
Double glazed window to the front of the property and central heating radiator

Bedroom Two 13' 2" x 10' 1" ( 4.01m x 3.07m )
Double glazed window to the front of the property, fitted wardrobe and central heating radiator

Bathroom 
Double glazed window to the rear of the property, toilet, sink, bath, heated hand towel rail and central heating radiator

Garage En Bloc 19' 8" x 7' 10" ( 5.99m x 2.39m )

Agent Note 
The council tax band is C. The term on the lease has 129 years left.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Harborne

0121 387 6295

Next Steps?

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