2 Bed Flat, Single Let, Birmingham, B16 8JA, £154,500

Hagley Road, Birmingham, B16 8JA - 2 views - 10 months ago

Leasehold
BTL
ROI: 10%
~68 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£184,833
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,625

Stamp Duty & Legal Fees

£8,925

Total Cash In

£47,550

 

 

Cash Out

 

Rent Range

£975 - £2,205

Rent Estimate

£1,100

Running Costs/mo

£723

Cashflow/mo

£377

Cashflow/yr

£4,526

ROI

10%

Gross Yield

9%

Local Sold Prices

20 sold prices from £90K to £500K, average is £178K. £1.3K/m² to £4.5K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£180K08/210.32 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.33 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£500K02/210.41 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.41 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.41 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.41 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£125K12/210.46 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.46 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K07/210.47 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£182K12/220.56 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£144.5K09/210.58 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£100K07/210.6 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£290K09/210.61 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£90K06/210.64 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K10/220.88 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£220K08/210.91 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£150K02/230.93 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.93 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.93 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£235K12/221 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2

Local Rents

50 rents from £975/mo to £2.2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,05012/240 miMetropolitan House, 1 Hagley Road, Birmingham, B16 8HU2
£97512/240 miHagley Road2
£1,05012/240 miMetropolitan House, 1 Hagley Road, Birmingham, B162
£1,10012/240 miMetropolitan House, 1 Hagley Road, Birmingham, B162
£2,20012/240 miHagley Road, Birmingham2
£2,20512/240 mi-2
£1,05003/250 mi-2
£99503/250 mi-2
£1,30003/250 mi-2
£1,00012/240.03 mi1 Hagley Road, Five Ways, B162
£1,77512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,51512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,54512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,57512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,53512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59012/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,58512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,77512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,60012/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,65012/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,59512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,47512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,77512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,59512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,65012/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,47512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,47512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,49512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,53512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59012/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,47512/240.03 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,05012/240.04 mi1 Hagley Road, Five Ways, B162
£1,15012/240.08 miBroadway Residences, Broad Street, Birmingham, B152
£1,25012/240.08 miBroadway Residences, 105 Broad Street, Birmingham, West Midlands, B152
£1,35012/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,20012/240.08 miBroadway Residences, 105 Broad Street, Birmingham, West Midlands, B152
£1,17512/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,25012/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,20012/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,25012/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,25012/240.08 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,25012/240.08 mi Broadway Residences Broad Street, Birmingham2
£1,10012/240.08 miBroadway Residences, 105 Broad Street, Birmingham, B152
£1,50012/240.08 mi-2
£1,50012/240.08 mi-2
£1,05012/240.09 miThe Purple Apartments, 219 Ladywood Middleway, Birmingham, B162
£1,25012/240.09 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152
£1,10012/240.09 miThe Purple Apartments, Broadway Plaza, 219 Ladywood Middleway, Birmingham, B16 8EQ2
£1,30012/240.1 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.77 miles away

Nearest school

0.30 miles away

Nearest train station

0.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £154,500

May 17, 2024

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Three Piece Bathroom +
  • Spacious Rooms +
  • Well Maintained Property +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom Flat located in Birmingham. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 spacious bedrooms, lounge, a large lounge, a three piece bathroom, and convenient access to local amenities

It currently produces an annual gross income of £13,200 which could be increased by the new owner to a market rate of £14,400 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below. If you are interested, please call us.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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