2 Bed Flat, Single Let, Birmingham, B16 9DL, £160,000

Mariner Avenue, Birmingham, B16 9DL - 9 views - 9 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£82.5K - £277K
Sold Prices/m²£1.3K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£150,737

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£654 - £2,000

Rent Estimate

£925

Running Costs/mo

£705

Cashflow/mo

£220

Cashflow/yr

£2,640

ROI

6%

Gross Yield

7%

Local Sold Prices

22 sold prices from £82.5K to £277K, average is £154.3K. £1.3K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£255.5K02/210.41 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£130K10/210.54 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.54 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.54 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.54 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/200.61 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.61 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.61 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.61 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£255K06/210.64 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.64 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£153.5K06/210.65 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£160K03/210.67 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.67 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.67 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£125K12/210.71 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.71 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.72 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£140K07/210.73 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£105K08/220.79 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£220K08/210.82 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£270K11/221 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2

Local Rents

50 rents from £654/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£65412/240 mi30 Mariner Avenue B16 9DL2
£1,15004/250.01 mi-2
£90012/240.01 mi30 Mariner Avenue, Edgbaston, BIRMINGHAM, West Midlands, B162
£97512/240.04 mi-2
£1,04512/240.07 miApartment, 70 Mariner Avenue, B162
£99503/250.09 mi-2
£1,05012/240.09 mi-2
£1,40012/240.19 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£95012/240.25 miYork Road, Edgbaston, Birmingham2
£92512/240.26 miYork Road, Edgbaston, Birmingham, B162
£92503/240.26 mi-2
£92503/240.26 mi-2
£1,15004/250.27 mi-2
£1,40003/250.27 mi-2
£1,59512/240.28 miYork Road, Edgbaston, Birmingham, B16 9JA2
£1,20004/250.28 mi-2
£1,05012/240.29 miPortland Road, BIRMINGHAM2
£1,40012/240.3 mi-2
£97512/240.32 miHagley Road, Birmingham, B162
£92503/250.32 mi-2
£95004/250.33 mi-2
£1,15012/240.35 miCawdor Crescent, Edgbaston, B162
£2,00002/240.35 mi-2
£1,30012/240.37 miKenilworth Court, Hagley Road, Birmingham, B162
£90012/240.39 miWheatsheaf Road, Edgbaston2
£1,00012/240.4 miBlue Apartments, Broadway 19 Francis Road, Birmingham, B162
£1,20012/240.44 miLime Court, 206a Hagley Road, Birmingham, B162
£1,15012/240.45 miHartley Place, Edgbaston, Birmingham, B152
£1,15012/240.45 mi-2
£1,15004/250.45 mi-2
£1,15012/240.46 miSt. Augustines Road, Birmingham2
£1,25012/240.46 miSt Augustines Court, St Augustines Road, Edgbaston2
£92512/240.48 miSaco House, 80 Hagley Road, Edgbaston, Birmingham, B162
£92512/240.48 mi80 Hagley Road, Edgbaston, Birmingham2
£1,19612/240.49 miHagley Road, Birmingham, B162
£1,14902/240.49 mi-2
£90002/250.49 mi-2
£1,20012/240.49 miSpire Court, Manor Road, Edgbaston, B162
£92501/250.5 mi-2
£1,07512/240.5 miSpire Court, Manor Road, Edgbaston, Birmingham2
£65412/240.52 mi33a, Gillott Road B16 0EU2
£1,05012/240.52 miElmhurst, Norfolk Road2
£99512/240.53 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£99502/250.53 mi-2
£1,20002/250.53 mi-2
£1,30004/250.53 mi-2
£1,60004/250.54 mi-2
£1,15003/240.54 mi-2
£1,00012/240.54 mi-2
£95004/250.54 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

1.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £160,000

July 31, 2024

Floor Plans

Description

  • Immaculately presented ground floor flat +
  • Two good sized bedrooms +
  • Stunning views of the reservoir +
  • Private location +
  • Allocated parking +
  • Open plan living +
  • Family bathroom +

SUMMARY
* BEAUTIFULLY PRESENTED GROUND FLOOR FLAT * STUNNING, PRIVATE AND TRANQUIL LOCATION * ALLOCATED PARKING * INCREDIBLE VIEWS OF THE RESERVOIR * OPEN PLAN LIVING * TWO-BEDROOMS * FAMILY BATHROOM *

DESCRIPTION
This immaculately presented two bedroom ground floor flat is located in a private and tranquil location, overlooking the stunning views of Edgbaston reservoir to the rear. This property is perfect as a first time purchase or buy to let investment due to its unique location and accommodation available. Sitting within walking distance to local transport links for easy access to Birmingham City Centre and other neighbouring areas such as Harborne Highstreet, which offers a plethora of bars, restaurants, shops and amenities to satisfy all needs.

The property comprises in further detail of an open plan living/kitchen/dining room with access to the two good sized bedrooms and family bathroom. Scenic walks around the Edgbaston reservoir can be easily accessed, as well as the property benefiting from allocated parking.

This is a truly outstanding property and must be viewed in order to fully appreciate what is on offer.

Open Plan Kitchen/ Living  

Living Area 20' 11" x 10' 3" ( 6.38m x 3.12m )
Double glazed window to front and electric heater.

Kitchen Area 9' 4" x 11' 4" ( 2.84m x 3.45m )
Wall and base units, sink/drainer, electric hob/oven and plumbing for washing machine.

Bedroom One 11' plus recess x 11' 4" ( 3.35m plus recess x 3.45m )
Double glazed window to rear.

Bedroom Two 11' 3" x 7' 1" ( 3.43m x 2.16m )
Double glazed window to rear.

Bathroom 
Double glazed window to side, bath with shower over, sink and wc.

Agent Note 
The Council Tax Band is C. The length of the lease is 99 years from 29th September 1992, therefore 67 years remaining. We are informed the annual ground rent is £60.00 and the annual service charge is £1639.04

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Shipways, Harborne

0121 387 6295

Next Steps?

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