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2 Bed Flat, Single Let, Birmingham, B17 0JZ, £145,000

Malins Road, Harborne, B17 0JZ - 2 views - 8 months ago

Leasehold
BTL
ROI: 4%
~65 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £277K
Sold Prices/m²£1.8K/m² - £4.9K/m²

 

 

Square Metres

~65 m²
Price/m²£2.2K/m²

Value Estimate

£178,350
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Total Cash In

£41,800

 

 

Cash Out

 

Rent Range

£750 - £1,800

Rent Estimate

£775

Running Costs/mo

£628

Cashflow/mo

£147

Cashflow/yr

£1,763

ROI

4%

Gross Yield

6%

Local Sold Prices

29 sold prices from £80K to £277K, average is £172K. £1.8K/m² to £4.9K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£130K05/210.01 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£175K08/210.22 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£100K12/200.24 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£185K05/210.24 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£151K09/210.26 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£80K05/230.47 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.47 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£82K08/220.47 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£255K10/220.51 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£268K08/220.55 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£132K04/210.6 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.6 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.61 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.61 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.61 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£135K11/220.75 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.75 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£220K08/210.76 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£165K03/230.78 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.78 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.78 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£139K04/210.81 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.81 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£196K09/210.84 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£215K03/210.86 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.86 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.86 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£255K06/210.87 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.87 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2

Local Rents

51 rents from £750/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,18001/250 mi-2
£1,49512/240.08 miChestnut Grove, Harborne, Birmingham2
£1,29512/240.09 miAbbey Road, Harborne, Birmingham, B172
£1,29512/240.1 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£1,20003/240.1 mi-2
£1,20012/240.11 miBantock Way, BIRMINGHAM2
£85012/240.11 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,05012/240.11 mi-2
£1,10002/250.11 mi-2
£1,15012/240.16 miCross Farm Manor, Cross Farm Road, Harborne, B172
£1,17012/240.18 miGreenfield Road, Harborne, Birmingham2
£1,25012/240.19 mi-2
£1,15012/240.19 miGreenfield Road, Harborne2
£1,10012/240.19 miGreenfield Road, Harborne2
£1,25012/240.21 miHigh Street, Harborne2
£97512/240.21 miMetchley Lane, Harborne, Birmingham, B172
£97512/240.21 miMetchley Lane, Harborne, Birmingham, B172
£1,25012/240.22 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,00012/240.22 miHigh Street, Harborne, Birmingham, B172
£1,40004/250.25 mi-2
£1,19512/240.27 miHarborne Central, High Street, Harborne2
£95012/240.27 miHigh Street, Harborne, B172
£1,24512/240.3 miMetchley Lane, Birmingham, B17 0HT2
£1,80004/250.3 mi-2
£1,20004/250.31 mi-2
£1,30012/240.32 miStation Road, Harborne, Birmingham, B172
£1,20012/240.34 miClarence Road, Harborne, B172
£1,10002/240.37 mi-2
£1,10012/240.37 miYewdale, Birmingham, B172
£1,10004/250.37 mi-2
£1,00002/250.37 mi-2
£1,29512/240.38 miHigh Street, Harborne2
£1,26512/240.39 miRose Road, Harborne, Birmingham2
£1,00012/240.39 miRose Road, Harborne, Birmingham2
£1,10012/240.4 miWoodleigh Avenue, Harborne, B172
£1,55004/250.4 mi-2
£1,19512/240.42 miHarborne, B172
£1,09512/240.43 miHarborne Park Road, Harborne2
£91012/240.43 miHarborne Park Road - student property2
£1,00012/240.44 miGordon Road, Harborne, Birmingham2
£1,10012/240.44 miGordon Road, Harborne2
£1,09512/240.46 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,35012/240.46 miHarborne Village Apartments, High Street, Harborne, B172
£75002/240.48 mi-2
£75002/240.48 mi-2
£75003/250.48 mi-2
£75003/250.48 mi-2
£1,10012/240.49 miRavenhurst Road, Harborne, B172
£1,15012/240.49 miCrofters Court, Edgbaston2
£1,15012/240.49 miCrofters Court, Edgbaston2
£1,20012/240.49 miCrofters Court, Edgbaston2

Links

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

2.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £145,000

August 14, 2024

Floor Plans

Description

  • 15th-floor apartment offering modern living +
  • Located within walking distance of Harborne High Street +
  • Close proximity to the Queen Elizabeth Hospital +
  • Well-presented interior with contemporary design +
  • Accommodation significantly improved by current owners +
  • Spacious layout with abundant natural light +
  • Private balcony with stunning panoramic views +
  • Ideal for relaxing or entertaining +
  • Convenient parking included with the property +
  • Situated in a vibrant and popular location. +

This stylish 15th-floor apartment offers a perfect blend of modern living and convenience, nestled within easy walking distance of Harborne High Street and the Queen Elizabeth Hospital. The property boasts a well-presented interior that has been significantly enhanced by the current owners, ensuring a comfortable and contemporary living space.

The accommodation features a spacious layout, designed to maximize natural light and offer a welcoming atmosphere. A standout feature is the private balcony, providing stunning panoramic views, ideal for relaxing or entertaining. Additionally, the property includes communal parking, making it an excellent choice for those seeking both comfort and accessibility in a vibrant and sought-after location.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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

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