2 Bed Flat, Single Let, Birmingham, B15 2DX, £180,000

Wheeleys Lane, Birmingham, B15 2DX - 10 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£149,352

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£11,300

Total Cash In

£56,300

 

 

Cash Out

 

Rent Range

£995 - £2,885

Rent Estimate

£1,000

Running Costs/mo

£783

Cashflow/mo

£218

Cashflow/yr

£2,610

ROI

5%

Gross Yield

7%

Local Sold Prices

27 sold prices from £30K to £500K, average is £153.5K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.25 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.25 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.25 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.25 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K07/210.28 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.34 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£144.5K09/210.42 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£182K12/220.54 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£180K08/210.57 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£150K02/230.57 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.57 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.57 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£100K07/210.57 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.6 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£153.5K06/210.61 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.7 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.7 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K12/220.77 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.82 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.82 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.82 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£242.5K10/200.85 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£130K06/210.88 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£55K03/210.93 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.93 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£144K05/210.94 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£290K10/220.95 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2

Local Rents

50 rents from £995/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,00012/240.01 miWheeleys Lane, Park Central, B152
£1,60002/250.01 mi-2
£1,20012/240.01 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.01 mi26 Wheeleys Lane, Birmingham, B152
£1,10012/240.03 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,20012/240.04 miBradshaw Close, Birmingham, B152
£1,19003/240.04 mi-2
£1,19012/240.04 miWheeleys Lane, Birmingham, B152
£1,25012/240.05 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.05 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.05 mi29 Longleat Avenue, Park Central, B152
£1,10002/240.06 mi-2
£1,27502/240.06 mi-2
£1,05012/240.06 mi-2
£1,20002/250.06 mi-2
£1,30012/240.06 miLee Bank Middleway, Birmingham City Centre2
£1,10012/240.06 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£99502/240.06 mi-2
£1,15002/250.06 mi-2
£1,15012/240.06 miLee Bank Middleway, Birmingham, B152
£1,05012/240.06 miLee Bank Middleway, Birmingham, B152
£99512/240.06 miLee Bank Middleway, Birmingham, B152
£99512/240.06 miLee Bank Middleway, Park Central, Birmingham City Centre2
£1,15012/240.07 miBath Row, Birmingham2
£1,20012/240.07 miWheeleys Lane, Birmingham2
£1,50001/250.07 mi-2
£1,20012/240.07 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,25001/250.08 mi-2
£1,20012/240.1 miWheeleys Road, Birmingham2
£1,60012/240.1 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,40012/240.1 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£2,88501/250.1 mi-2
£2,16702/240.1 mi-2
£1,40012/240.11 miBroad Street2
£1,40012/240.11 miBroad Street2
£1,55012/240.11 miBroad Street, Birmingham2
£1,60012/240.11 miSt Martins Place, Broad Street, Birmingham2
£1,09503/250.11 mi-2
£1,30012/240.11 miCommunication Row, Birmingham, B152
£1,00012/240.12 miFaraday House, Bell Barn Road, Birmingham, B152
£1,20012/240.12 miCommunication Row, Birmingham, B152
£1,20012/240.12 miArden Gate2
£1,40012/240.13 miArden Gate, 12 Communication Row, Birmingham, B152
£1,40012/240.13 miArden Gate, 12 Communication Row, Birmingham, B152
£1,50012/240.13 miArden Gate, Communication Row, Birmingham2
£1,30012/240.13 miWilliam Street, Birmingham, B152
£1,30003/240.13 mi-2
£1,20012/240.13 miAlfred Knight Way, Birmingham City Centre2
£1,35003/240.13 mi-2
£1,35012/240.13 miAlfred Knight Way, Birmingham, B152

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.39 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £180,000

March 4, 2025

Listed for £200,000

May 28, 2024

Floor Plans

Description

  • TWO BEDROOM APARTMENT +
  • CITY CENTRE LOCATION +
  • SOUGHT AFTER AREA +
  • GOOD RENTAL INCOME IN THIS AREA +
  • PARKING AREA +
  • SPACIOUS THROUGHOUT +

SUMMARY
TWO BEDROOM APARTMENT, ALLOCATED PARKING LOCATED IN THE PARK CENTRAL AREA OF BIRMINGHAM CITY CENTRE, Ideal investment opportunity and is a highly desirable rental location having being only walking distance to many bars and restaurants, local amenities and transport links,

DESCRIPTION
TWO BEDROOM APARTMENT LOCATED IN THE PARK CENTRAL BIRMINGHAM CITY CENTRE, This newly refreshed apartment is the ideal investment opportunity and is a highly desirable rental location having being only walking distance to many bars and restaurants, local amenities and transport links,

This fully secured development with ALLOCATED PARKING hosts some of the most stunning views this area of Birmingham has to offer and unlike its neighbouring apartments has open greenery views of the cathedral. As you enter the apartment you will be pleased by its ample space and newly fitted flooring throughout, Their are two good sized bedrooms, a family bathroom and large open plan kitchen/dinning and lounge area. VIEWING HIGHLY RECOMMENDED.

Property Details 
Allocated parking space.

Entrance Hall  
Doors off to:

Open Plan Living  
Kitchen area comprises of wall and base units to include work surfaces over, one and a half bowl stainless steel sink and drainer, cooker point with cooker hood overhead, space for appliances, partly tiled, wooden laminate flooring and double glazed widow.

Lounge area with double glazed patio doors opening onto balcony area with wooden laminate flooring and radiator.

Bedroom One  
Double glazed patio door opening onto balcony, double glazed window, radiator and wooden laminate flooring.

Bedroom Two  
Double glazed patio door opening onto balcony, double glazed window, radiator and wooden laminate flooring.

En-Suite 
Shower cubicle, wash hand basin, low level w.c, partly tiled, wall mounted radiator and tiled flooring.

Bathroom  
Suite comprising of panel bath with shower overhead, wash hand basin, low level w.c, partly tiled, wall mounted radiator and tiled flooring.

Outside  
Balcony area accessed from lounge, bedroom one and bedroom two.

Lease details are currently being compiled. For 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?

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