2 Bed Flat, Single Let, B1 3AP, £210,000

107 Carver Street, Birmingham, B1 3AP - 4 views - 8 months ago

Leasehold

BTL

ROI: 4%

70 m²

+8 photos

ValuationOvervalued

Sold Prices	£30K - £500K
Sold Prices/m²	£724/m² - £4.5K/m²

Square Metres	70.19 m²
Price/m²	£3K/m²
Value Estimate	£152,078£152,078

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£52,500£52,500
Stamp Duty & Legal Fees	£7,500£7,500
Total Cash In	£60,000£60,000

Cash Out
Rent Range	£900 - £3,300£900 - £3,300
Rent Estimate	£1,094
Running Costs/mo	£895£895
Cashflow/mo	£199£199
Cashflow/yr	£2,387£2,387
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £30K to £500K, average is £151.8K. £724/m² to £4.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£290K	10/22	0.04 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£202.5K	01/23	0.27 mi	Apartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£208K	05/21	0.28 mi	Apartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£180K	04/22	0.28 mi	Apartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£244K	03/21	0.35 mi	31d, Northwood Street, Birmingham, West Midlands B3 1TX	£2,905	84	2	Flat
£90K	06/21	0.35 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£100K	07/21	0.36 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£182K	12/22	0.37 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£125K	12/21	0.46 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.46 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£180K	08/21	0.55 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£153.5K	06/21	0.59 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£235K	07/21	0.66 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£290K	09/21	0.72 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£80K	07/22	0.73 mi	Flat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ	-	-	2	Flat
£82K	05/21	0.81 mi	4, Hunters Vale, Birmingham, West Midlands B19 2XH	-	-	2	Flat
£82K	05/21	0.84 mi	4, Hunters Vale, Birmingham, West Midlands B19 2XH	-	-	2	Flat
£150K	02/23	1.05 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	1.05 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	1.05 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£105K	08/22	1.07 mi	39, Bellefield Road, Birmingham, West Midlands B18 4EL	£1,280	82	2	Flat
£500K	02/21	1.13 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	1.13 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	1.13 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	1.13 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£144.5K	09/21	1.32 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£255.5K	02/21	1.53 mi	Flat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG	-	-	2	Flat
£140K	07/21	1.61 mi	20, Brewers Square, Birmingham, West Midlands B16 0PN	£2,326	60	2	Flat
£103K	02/22	1.66 mi	200, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,821	57	2	Flat
£104K	08/22	1.66 mi	212, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,768	59	2	Flat
£101K	05/21	1.66 mi	210, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,741	58	2	Flat
£130K	10/21	1.66 mi	Flat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE	-	-	2	Flat
£135K	11/20	1.66 mi	Flat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,213	61	2	Flat
£147K	08/21	1.66 mi	Flat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	-	-	2	Flat
£143.5K	03/21	1.66 mi	Flat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,021	71	2	Flat
£130K	06/21	1.67 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£55K	03/21	1.67 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	1.67 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£235K	12/22	1.68 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£220K	08/21	1.69 mi	Flat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN	-	-	2	Flat
£65K	02/23	1.72 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£30K	10/20	1.72 mi	Flat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	1.72 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£167K	11/20	1.74 mi	12, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,427	69	2	Flat
£162.5K	11/21	1.74 mi	33, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,167	75	2	Flat
£155K	03/21	1.74 mi	73, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,039	76	2	Flat
£200K	03/23	1.74 mi	10, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,703	74	2	Flat
£255K	06/21	1.74 mi	Flat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ	-	-	2	Flat
£277K	10/22	1.74 mi	Flat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ	-	-	2	Flat
£60K	02/22	1.75 mi	98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS	£1,714	35	2	Flat

Local Rents

50 rents from £900/mo to £3.3K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0.02 mi	4 Carver Street, 4 Carver Street, Birmingham, B1	2	Flat
£1,350	12/24	0.02 mi	Wexler Lofts, Carver Street, Birmingham	2	Flat
£900	12/24	0.02 mi	The Orb, 6 Tenby Street, Birmingham	2	Flat
£1,300	12/24	0.02 mi	Amazon Lofts Penthouse, Jewellery Quarter	2	Flat
£1,200	12/24	0.02 mi	Wexler Lofts, Carver Street, Jewellery Quarter	2	Flat
£1,500	03/25	0.03 mi	-	2	Flat
£1,425	12/24	0.03 mi	Carver Street, Birmingham, B1	2	Flat
£1,100	12/24	0.04 mi	Amazon Lofts, 9 Tenby Street, B1 3AJ	2	Flat
£1,150	12/24	0.05 mi	Boxworks, 35 Tenby Street North	2	Flat
£2,800	12/24	0.05 mi	-	2	Flat
£1,350	02/25	0.05 mi	-	2	Flat
£1,300	03/25	0.05 mi	-	2	Flat
£1,550	03/25	0.05 mi	Legge Lane, Birmingham, B1 3	2	Flat
£995	01/25	0.06 mi	-	2	Flat
£1,200	12/24	0.06 mi	St Georges, Carver Street, Jewellery Quarter, B1	2	Flat
£1,300	12/24	0.06 mi	5 Camden Grove, 20 Legge Lane, Birmingham, B1	2	Flat
£1,550	12/24	0.06 mi	-	2	Flat
£3,300	02/25	0.06 mi	-	2	Flat
£1,425	04/25	0.06 mi	-	2	Flat
£1,200	03/25	0.06 mi	23 Legge Lane, Birmingham	2	Flat
£1,250	12/24	0.06 mi	Dayus House, Tenby Street South, Jewellery Quarter, B1	2	Flat
£1,350	12/24	0.06 mi	-	2	Flat
£1,550	12/24	0.07 mi	Albion Street, Birmingham, B1	2	Flat
£1,500	12/24	0.08 mi	Tenby Heights, Tenby Street North, Birmingham	2	Flat
£1,500	12/24	0.08 mi	Tenby Heights, Tenby Street North, Jewellery Quarter, B1	2	Flat
£1,500	12/24	0.08 mi	Tenby Street North, BIRMINGHAM	2	Flat
£1,200	12/24	0.08 mi	Tenby Street North, BIRMINGHAM	2	Flat
£1,400	12/24	0.08 mi	-	2	Flat
£1,200	12/24	0.09 mi	Carver House, 30 Carver Street, Birmingham, West Midlands, B1	2	Flat
£1,450	03/25	0.09 mi	Camden Grove, Birmingham, B1 3	2	Flat
£1,150	04/25	0.09 mi	-	2	Flat
£1,200	12/24	0.09 mi	Heaton house	2	Flat
£1,350	12/24	0.09 mi	Heaton House	2	Flat
£1,250	12/24	0.09 mi	Heaton house	2	Flat
£2,500	01/25	0.1 mi	-	2	Flat
£1,100	12/24	0.1 mi	The Kettleworks, 126 Pope Street, Birmingham, B1	2	Flat
£1,100	12/24	0.1 mi	Camden Street, Birmingham, West Midlands, B1	2	Flat
£1,100	12/24	0.1 mi	Camden Village, 81 Camden Street, Jewellery Quarter, Birmingham, B1	2	Flat
£1,400	12/24	0.11 mi	Kettleworks Penthouse Apartment, Jewellery Quarter, Birmingham City Centre	2	Flat
£1,300	12/24	0.11 mi	Kettleworks, 126 Pope Street, Birmingham, West Midlands, B1	2	Flat
£1,050	12/24	0.11 mi	St Georges, Carver Street, Jewellery Quarter, B1	2	Flat
£1,100	12/24	0.11 mi	Warstone Lane, Birmingham, B18	2	Flat
£1,100	03/25	0.11 mi	-	2	Flat
£2,300	12/24	0.11 mi	-	2	Flat
£2,300	12/24	0.11 mi	-	2	Flat
£2,300	12/24	0.11 mi	-	2	Flat
£1,100	03/25	0.11 mi	-	2	Flat
£1,225	12/24	0.11 mi	The Kettleworks, Pope Street, Jewellery Quarter, B1	2	Flat
£1,150	12/24	0.11 mi	Warstone Lane, Birmingham, B18	2	Flat
£1,200	12/24	0.11 mi	Metalworks Apartments, 93 Warstone Lane, Jewellery Quarter	2	Flat

Property History

Listed for £210,000

August 16, 2024

Description

Leasehold +
No chain +
Two double bedrooms +
Open plan kitchen/lounge +
Ensuit +
Balcony +

Maguire Jackson are delighted to market this spacious top floor apartment located in The Orb apartments at Dayus Square.
Located in the heart of the Jewellery Quarter this two bedroom, two bathroom apartment also features a balcony and secure gated access to the building.

Living Room
With its large floor to ceiling windows, this bright and spacious living area includes; access to the balcony, modern kitchen with fitted appliances, open plan living providing ample space for dining, working from home and a large entertaining space.

Master Bedroom
The main bedroom offers space for a large double bed, access to the balcony overlooking Dayus Square, comes with two large fitted wardrobes and leads to the ensuite.

Bedroom
A further good sized double bedroom, with two large fitted wardrobes. This room can easily accommodate a double bed and other furniture if required.

Bathroom
A modern family bathroom suite comprises a bath with shower above, wash basin, and wc.

Location
The Orb building occupies a prominent location in the city's Jewellery Quarter, a new and thriving residential neighbourhood for Birmingham, only minutes' walk from the city centre. Located in the conservation area, The property enjoys all the benefits of a city centre location - less than a 10-minute walk to Birmingham's Central Business District and under 0.4 miles to the JQ station.

Property Information
Tenure - Leasehold
Length of lease - 104 years remaining
Ground Rent - £200 per annum
Service Charge - £2,725 per annum
Local Authority - Birmingham City Council
Council tax band - E
EPC rating - C

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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