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

Longleat Avenue, Birmingham, B15 2EX - 5 views - 10 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+11 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

£150,552

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 - £2,750

Rent Estimate

£996

Running Costs/mo

£844

Cashflow/mo

£152

Cashflow/yr

£1,822

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 
£500K02/210.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.28 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.28 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
£290K09/210.31 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
£150K02/230.51 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.51 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.51 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£182K12/220.56 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.58 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
£180K08/210.61 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.66 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.75 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.75 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K12/220.75 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£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
£130K06/210.83 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£242.5K10/200.84 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£55K03/210.87 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.87 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
£99K08/221 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2

Local Rents

50 rents from £995/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10002/240.01 mi-2
£1,27502/240.01 mi-2
£1,05012/240.01 mi-2
£1,20002/250.01 mi-2
£1,50001/250.01 mi-2
£1,20012/240.02 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,25012/240.02 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.02 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.02 mi29 Longleat Avenue, Park Central, B152
£1,20012/240.04 miBradshaw Close, Birmingham, B152
£2,16702/240.04 mi-2
£1,10012/240.05 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,25001/250.05 mi-2
£1,19003/240.05 mi-2
£1,19012/240.05 miWheeleys Lane, Birmingham, B152
£1,15012/240.05 miBath Row, Birmingham2
£1,20012/240.06 miWheeleys Lane, Birmingham2
£1,00012/240.06 miWheeleys Lane, Park Central, B152
£1,20012/240.06 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.06 mi26 Wheeleys Lane, Birmingham, B152
£1,60002/250.06 mi-2
£1,05012/240.08 miMasons Way, Birmingham, B152
£1,25012/240.08 mi-2
£1,20012/240.08 miAlfred Knight Way, Birmingham City Centre2
£1,35003/240.08 mi-2
£1,35012/240.08 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
£1,00012/240.09 miFaraday House, Bell Barn Road, Birmingham, B152
£1,10012/240.1 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.1 miLee Bank Middleway, Birmingham City Centre2
£99502/240.1 mi-2
£1,15002/250.1 mi-2
£1,15012/240.1 miLee Bank Middleway, Birmingham, B152
£1,05012/240.1 miLee Bank Middleway, Birmingham, B152
£99512/240.1 miLee Bank Middleway, Birmingham, B152
£99512/240.1 miLee Bank Middleway, Park Central, Birmingham City Centre2
£1,25003/250.1 mi-2
£1,29003/250.1 mi-2
£1,22512/240.11 miGranville Street, BIRMINGHAM2
£2,75002/240.11 mi-2
£1,30001/240.11 mi-2
£1,40002/240.11 mi-2
£2,50002/240.11 mi-2
£1,25012/240.11 miPark Central2
£2,49912/240.11 mi-2
£2,49901/250.11 mi-2
£1,59512/240.11 mi-2
£1,28003/250.11 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.33 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 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

June 17, 2024

Floor Plans

Description

  • TWO BEDROOM APARTMENT +
  • ALLOCATED PARKING +
  • PARK CENTRE VIEWS +
  • ATTRACTIVE RENTAL YIELD +
  • WALKING DISTANCE TO BIRMINGHAM NEW STREET STATION AND MANY MORE LOCAL LINKS +

SUMMARY
TWO BEDROOM APARTMENT WITH ALLOCATED PARKING, PARK CENTRE VIEWS, WALKING DISTANCE TO BIRMINGHAM NEW STREET STATION AND MANY MORE LOCAL LINKS, ATTRACTIVE RENTAL YIELD.

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! close to all local transport links and local restaurants and bars, This property also benefits from a large balcony area with breath taking views of the park, viewing highly recommended!

Entrance Hall 
Having a radiator, storage, gch boiler housed and doors off to:

Open Plan Living 20' 3" x 11' 8" ( 6.17m x 3.56m )
Kitchen comprising of a range of wall and base units, roll top work surfaces, cooker with hob and extractor fan over head. stainless steel sink and drainer, integrated appliances and tiled flooring.

Lounge area has double glazed window and door opening onto balcony with radiator.

Bedroom One 12' max x 15' 10" max ( 3.66m max x 4.83m max )
Having carpet flooring and radiator.

Bedroom Two 13' 8" x 8' 2" ( 4.17m x 2.49m )
Having carpet flooring and radiator.

Bathroom 
Bath with separate shower, low level w/c, wash hand basin, fully tiled with heated towel rail.

Property Details  
Secure gated parking space.

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?

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