2 Bed Flat, Single Let, Birmingham, B16 9LS, £140,000

Holly Mount, Hagley Road, Edgbaston, B16 9LS - 6 views - 8 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£56.5K - £277K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£150,737
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£850 - £2,750

Rent Estimate

£884

Running Costs/mo

£634

Cashflow/mo

£250

Cashflow/yr

£2,996

ROI

7%

Gross Yield

8%

Local Sold Prices

43 sold prices from £56.5K to £277K, average is £135K. £1.1K/m² to £4.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K10/210.05 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.05 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.05 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.06 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/200.08 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.08 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.08 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.08 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£160K03/210.13 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.13 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.13 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£255.5K02/210.21 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£255K06/210.3 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.3 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£270K11/220.46 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.51 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.51 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£140K07/210.63 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£268K08/220.69 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£220K08/210.78 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£123K06/210.81 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.81 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£65K09/210.89 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.89 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.89 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.89 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.89 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.89 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.89 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.89 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.89 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.89 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.89 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.89 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.89 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.89 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£145K10/200.91 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.91 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.91 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.93 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.93 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.93 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£82K08/221 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2

Local Rents

50 rents from £850/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.01 miFlat , Holly Mount, Hagley Road, Birmingham2
£95003/250.01 mi-2
£1,15003/240.01 mi-2
£1,00012/240.01 mi-2
£99512/240.04 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£1,20002/250.05 mi-2
£99502/250.05 mi-2
£2,75012/240.06 mi-2
£1,07512/240.06 miSpire Court, Manor Road, Edgbaston, Birmingham2
£1,20012/240.06 miSpire Court, Manor Road, Edgbaston, B162
£1,14902/240.06 mi-2
£1,49512/240.08 mi-2
£1,25002/250.08 mi-2
£1,10003/250.08 mi-2
£1,25012/240.11 miSt Augustines Court, St Augustines Road, Edgbaston2
£1,15012/240.11 miSt. Augustines Road, Birmingham2
£2,40012/240.14 mi-2
£85012/240.16 miWest Point, Edgbaston2
£99512/240.16 miWest Point, Hermitage Road, Edgbaston, Birmingham, B15 3US2
£1,20012/240.2 miLime Court, 206a Hagley Road, Birmingham, B162
£1,19512/240.21 miWoodbourne, Edgbaston2
£1,05012/240.24 miHowfield Court, 395 Gillott Road, Edgbaston 2
£1,05012/240.27 miElmhurst, Norfolk Road2
£1,05012/240.27 miPortland Road, BIRMINGHAM2
£1,25012/240.28 miWoodbourne, Augustus Road, Edgbaston2
£99512/240.3 miWoodbourne, Augustus Road, Edgbaston, Birmingham, B152
£1,59512/240.3 miYork Road, Edgbaston, Birmingham, B16 9JA2
£1,10012/240.31 miStanmore Road, BIRMINGHAM2
£1,00012/240.31 miStanmore Road, BIRMINGHAM2
£1,15012/240.31 miStanmore Road, Smethwick2
£1,17501/250.31 mi-2
£1,20003/250.31 mi-2
£1,25012/240.33 miWoodbourne, Augustus Road, Edgbaston, B152
£1,45012/240.34 miWestfield Road2
£1,45012/240.34 miWestfield Road, Edgbaston, B152
£92503/240.34 mi-2
£92503/240.34 mi-2
£92512/240.34 miYork Road, Edgbaston, Birmingham, B162
£1,40012/240.37 mi-2
£95012/240.37 miYork Road, Edgbaston, Birmingham2
£1,40012/240.38 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£99512/240.4 miMeadow Court, Meadow Road, Edgbaston, Birmingham, B172
£1,40003/250.43 mi-2
£97512/240.45 mi-2
£90012/240.45 miWheatsheaf Road, Edgbaston2
£1,20003/250.48 mi-2
£1,05012/240.49 mi-2
£99503/250.49 mi-2
£1,00002/240.51 mi-2
£1,00012/240.51 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £140,000

July 26, 2024

Floor Plans

Description

  • No chain +
  • Off road parking +
  • Garage +
  • Lift +
  • Gas central heating +
  • Double glazed +

Situated in the highly sought after Edgbaston area is this spacious fourth floor flat. This is the perfect spot for those of you that enjoy peace and quiet yet do not wish to be far away from the action. You would never guess that the hustle and bustle of the City Centre with its array of shops, bars and restaurants are within such easy reach. For commuters, Five Ways train station is close by.

The entrance hall gives you an immediate sensation of warmth and comfort making you soon feel right at home. Each and every room in this home is flooded with natural light. With a good size lounge/diner you can entertain friends and family. The kitchen is a good size and has ample cupboard space for all your condiments, pots and pans. The bedrooms are both doubles and the bathroom has a tub which will allow for a relaxing soak in the evening with shower over for when you need to "get up and go" in the morning. There's no need to worry about parking as there is off road parking and a garage en-bloc.

We could go on and on, but to fully appreciate this superb property an internal viewing will be required. We look forward to your call.

ROOM SIZES
Hallway
Store
Bedroom One: 14' 4" x 10' 0" (4.37m x 3.05m)
Bedroom Two: 9' 8" x 7' 6" (2.95m x 2.29m)
Bathroom: 7' 0" x 6' 8" (2.13m x 2.03m)
Lounge/Diner: 17' 6" x 10' 10" (5.33m x 3.3m)
Kitchen: 13' 3" x 7' 10" (4.04m x 2.39m)

OUTSIDE
Un-allocated Parking
Garage En-bloc

LEASEHOLD INFORMATION:
Lease length - 155 years from 25 December 1977
Service charge - £1,670 pa
Ground rent - Zero

Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

Agent Details

Martin & Co, Harborne

0121 387 6333

Next Steps?

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