2 Bed Flat, Single Let, Birmingham, B24 0EL, £139,950

Habitat Court, 868 Chester Road, Birmingham, B24 0EL - 3 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~58 m²
+7 photos

ValuationOvervalued

Sold Prices£65K - £379.9K
Sold Prices/m²£1.1K/m² - £3.1K/m²

 

 

Square Metres

~57.70 m²
Price/m²£2.4K/m²

Value Estimate

£123,440

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£5,399

Total Cash In

£40,386

 

 

Cash Out

 

Rent Range

£850 - £1,250

Rent Estimate

£900

Running Costs/mo

£637

Cashflow/mo

£263

Cashflow/yr

£3,152

ROI

8%

Gross Yield

8%

Local Sold Prices

47 sold prices from £65K to £379.9K, average is £128K. £1.1K/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£379.9K06/210.08 mi867, Chester Road, Erdington, Birmingham, West Midlands B24 0BT2
£126K12/220.12 mi53, Bickton Close, Birmingham, West Midlands B24 0JA2
£130.5K02/210.13 mi19, Bickton Close, Birmingham, West Midlands B24 0JA2
£137.5K03/230.13 mi52, Bickton Close, Birmingham, West Midlands B24 0JA2
£120K11/200.13 mi45, Bickton Close, Birmingham, West Midlands B24 0JA2
£115.5K02/210.13 mi51, Bickton Close, Birmingham, West Midlands B24 0JA2
£126.5K05/210.13 mi33, Bickton Close, Birmingham, West Midlands B24 0JA2
£93.1K07/230.14 mi7, Campion Gardens, Birmingham, West Midlands B24 0HF2
£127.5K03/230.16 mi29, Park Close, Birmingham, West Midlands B24 0HL2
£128K08/210.16 mi47, Park Close, Birmingham, West Midlands B24 0HL2
£111K08/210.16 mi39, Park Close, Birmingham, West Midlands B24 0HL2
£123K10/220.16 mi5, Park Close, Birmingham, West Midlands B24 0HL2
£150K07/230.16 mi59, Park Close, Birmingham, West Midlands B24 0HL2
£130K12/200.17 mi31, Park Close, Birmingham, West Midlands B24 0HL2
£68.3K08/230.38 miFlat 5, Silverbirch Court, Orphanage Road, Birmingham, West Midlands B24 0AB2
£105K05/210.41 mi24, Avalon Close, Birmingham, West Midlands B24 9JY2
£132K11/210.43 mi130, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX2
£108K07/210.43 mi134, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX2
£136.7K10/220.43 mi148, Holly Lane, Erdington, Birmingham, West Midlands B24 9JX2
£125K09/230.48 miFlat 8, Moor End Court, Arthur Road, Erdington, Birmingham, West Midlands B24 9EY2
£130K03/210.51 mi37, Varley Road, Birmingham, West Midlands B24 0LB2
£130K03/210.51 mi37, Varley Road, Birmingham, West Midlands B24 0LB2
£128K03/230.51 mi53, Holly Park Drive, Erdington, Birmingham, West Midlands B24 9LG2
£115K12/200.51 mi41, Holly Park Drive, Erdington, Birmingham, West Midlands B24 9LG2
£110K03/210.52 mi54, Holly Park Drive, Erdington, Birmingham, West Midlands B24 9LQ2
£119K09/210.52 mi50, Holly Park Drive, Erdington, Birmingham, West Midlands B24 9LQ2
£70K07/210.84 mi74, Trident Close, Erdington, Birmingham, West Midlands B23 5TB2
£68K03/210.84 mi76, Trident Close, Erdington, Birmingham, West Midlands B23 5TB2
£65K11/200.84 mi58, Trident Close, Erdington, Birmingham, West Midlands B23 5TB2
£82K11/220.84 mi52, Trident Close, Erdington, Birmingham, West Midlands B23 5TB2
£260K06/230.84 miFlat 5, Blakeley Court, Beardmore Road, Sutton Coldfield, West Midlands B72 1DQ2
£260K05/230.84 miFlat 3, Greenhill Court, Brooks Road, Sutton Coldfield, West Midlands B72 1HT2
£136K12/220.85 mi269, Penns Lane, Sutton Coldfield, West Midlands B76 1LS2
£225K07/230.85 miFlat 2, Oakhurst Court, Brooks Road, Sutton Coldfield, West Midlands B72 1HW2
£135K07/210.88 mi32, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£177.5K03/210.88 mi1, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£160K09/210.88 mi17, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£180K10/220.88 mi41, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£175K10/220.88 mi14, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£120K01/230.88 mi23, Eldon Drive, Sutton Coldfield, West Midlands B76 1LT2
£94K03/210.88 mi51, Enfield Close, Birmingham, West Midlands B23 5SE2
£235K03/230.88 miFlat 5, Chartwell Court, Beardmore Road, Sutton Coldfield, West Midlands B72 1DF2
£239K09/210.89 miFlat 1, Chartwell Court, Beardmore Road, Sutton Coldfield, West Midlands B72 1DF2
£165K07/230.94 mi8, Trident Close, Sutton Coldfield, West Midlands B76 1LF2
£166K06/230.94 mi15, Trident Close, Sutton Coldfield, West Midlands B76 1LF2
£96K02/210.95 miFlat 3, Burlington Court, New Street, Erdington, Birmingham, West Midlands B23 6TU2
£138K04/220.99 miFlat 11, Penns Court, Eachelhurst Road, Sutton Coldfield, West Midlands B76 1DL2

Local Rents

12 rents from £850/mo to £1.3K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£85003/240.07 mi-2
£1,25003/250.41 mi-2
£90011/240.47 mi-2
£1,10001/250.49 mi-2
£1,10010/240.49 mi-2
£92510/230.5 mi-2
£1,00012/230.5 mi-2
£1,00012/230.5 mi-2
£89512/240.52 miHolly Park Drive, Erdington, Birmingham, West Midlands2
£99508/240.53 mi-2
£1,05003/250.59 mi-2
£95012/240.6 mi-2

Local Area Statistics

Population in B24

28,259

Population in Birmingham

1,034,821

Town centre distance

5.13 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+36%

Property History

Listed for £139,950

July 29, 2024

Floor Plans

Description

  • Impeccably maintained first-floor flat +
  • Generously sized and ideal for first-time buyers or buy-to-let investors +
  • Rental potential between £900 and £1,000 PCM +
  • Essential internal viewing to appreciate size and condition +
  • Features a welcoming Reception Hallway +
  • Spacious Lounge Diner for comfortable living +
  • Well-appointed Fitted Kitchen for convenience +
  • Two Generously Proportioned Bedrooms +
  • Bathroom with Modern White Suite +
  • Additional highlights: Full Double Glazing, Parking Spaces, Separate Garage, and Security Remote Door Entry +

Partridge Homes is thrilled to present this impeccably maintained and generously sized first-floor flat to the market. Ideal for those seeking their first home or considering a buy-to-let investment, this property boasts a rental potential ranging from £900 to £1,000 per calendar month. To truly grasp the spaciousness and impeccable condition, an internal viewing is essential.

The property features a welcoming Reception Hallway, a sizeable Lounge Diner, a well-appointed Fitted Kitchen, Two Generously Proportioned Bedrooms, and a Bathroom with a Modern White Suite. Additional highlights include Full Double Glazing, Parking Spaces at the rear, a Separate Garage, and Security Remote Door Entry.

This residence combines comfort, style, and practicality, making it an excellent choice for those looking for a new home or an attractive investment opportunity.

Approach
The property is located on a driveway just off of the Chester Road (A452) with access to parking and garage, lawned communal areas, and secure intercom door leading into communal entrance with stairs leading to the flat.

Entrance Hallway
Having doors leading to lounge, kitchen, bathroom and bedrooms.

Lounge 3.12m (10'3") x 5.66m (18'7")
Having double glazed window to rear, and wall mounted electric radiator.

Kitchen 3.51m (11'6") x 1.70m (5'7")
Fitted with a range of wall and base units with work top over incorporating sink with taps over and drainer, space for cooker and other white goods, tiling to splash prone areas, and double glazed window to rear.

Bedroom One 3.07m (10'1") x 4.01m (13'2")
Having double glazed window to rear, and electric wall mounted radiator.

Bedroom Two 2.01m (6'7") x 2.82m (9'3")
Having double glazed window to rear, and electric wall mounted radiator.

Bathroom 2.01m (6'7") x 1.65m (5'5")
Having low level flush w/c, pedestal wash hand basin, bath with shower over, tiling to walls, and obscure double glazed window to front.

Outside
Garage
Communal Gardens
Tenure
Lease- Years Remaining- 998 years (to be confirmed by solicitors)
Ground Rent- £0 (to be confirmed by solicitors)
Service Charge- £178 Per Month (to be confirmed by solicitors)
Council Tax Band- B

Agent Details

Partridge Homes, Birmingham

0121 387 6370

Next Steps?

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