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2 Bed Flat, Single Let, Birmingham, B15 2EE, £215,000

211C52 Mason Way, Birmingham, B15 2EE - 3 views - 8 months ago

Leasehold
BTL
ROI: 3%
43 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

42.90 m²
Price/m²£5K/m²

Value Estimate

£94,070

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Total Cash In

£61,400

 

 

Cash Out

 

Rent Range

£1,000 - £3,575

Rent Estimate

£1,025

Running Costs/mo

£897

Cashflow/mo

£128

Cashflow/yr

£1,538

ROI

3%

Gross Yield

6%

Local Sold Prices

28 sold prices from £30K to £500K, average is £147.3K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.31 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.31 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.31 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.31 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K09/210.34 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£235K07/210.35 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144.5K09/210.41 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£150K02/230.44 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.44 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.44 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£182K12/220.64 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.66 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.68 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£235K12/220.68 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.71 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.71 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.71 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.71 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£180K08/210.73 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£55K03/210.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£242.5K10/200.77 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£153.5K06/210.78 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£144K05/210.83 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£125K12/210.86 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.86 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£120.2K06/220.91 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.93 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2

Local Rents

50 rents from £1K/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40002/250.01 mi-2
£1,27504/250.02 mi-2
£1,25004/250.02 mi-2
£3,57504/250.02 mi-2
£1,02512/240.03 miPark Central2
£1,02512/240.03 miCregoe Street, Birmingham2
£1,25012/240.03 miCregoe Street, Park Central, Birmingham, Birmingham2
£1,02512/240.03 miPark Central2
£1,32512/240.04 mi-2
£1,10001/250.04 mi-2
£1,35012/240.04 mi-2
£2,00003/250.04 mi-2
£2,60004/250.04 mi-2
£1,25012/240.04 miPark Central2
£2,55003/240.05 mi-2
£1,40012/240.05 mi61 Mason Way, Birmingham City Centre2
£1,40012/240.05 mi-2
£1,50001/250.05 mi-2
£1,50012/240.05 miBirmingham, Birmingham, B152
£1,50003/240.05 mi-2
£1,40001/250.05 mi-2
£1,20012/240.05 miAlfred Knight Way, Birmingham City Centre2
£1,35003/240.05 mi-2
£1,35012/240.05 miAlfred Knight Way, Birmingham, B152
£2,37502/250.05 mi-2
£2,15004/250.05 mi-2
£1,05012/240.05 miMasons Way, Birmingham, B152
£1,25012/240.05 mi-2
£1,07512/240.06 miPark Central,Birmingham,B15 2BG2
£1,26012/240.07 miBell Barn Road, BIRMINGHAM2
£2,16702/240.1 mi-2
£1,00012/240.11 miFaraday House, Bell Barn Road, Birmingham, B152
£1,50001/250.11 mi-2
£1,20012/240.11 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,10002/240.12 mi-2
£1,27502/240.12 mi-2
£1,05012/240.12 mi-2
£1,20002/250.12 mi-2
£1,25012/240.13 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.13 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.13 mi29 Longleat Avenue, Park Central, B152
£1,20012/240.14 miBradshaw Close, Birmingham, B152
£1,22512/240.14 miGranville Street, BIRMINGHAM2
£1,25001/250.15 mi-2
£2,75002/240.15 mi-2
£1,30001/240.15 mi-2
£1,40002/240.15 mi-2
£2,50002/240.15 mi-2
£2,49912/240.15 mi-2
£1,59512/240.15 mi-2

Links

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £215,000

August 24, 2024

Floor Plans

Description

  • EPC Rating C +
  • Top Floor +
  • Balcony +
  • High Ceilings In Lounge / Loft Style +
  • Near To five Ways Train Station +
  • Near To City Centre +
  • No Upward chain +
  • Long Lease +

*NO UPWARD CHAIN * BALCONY * LOFT STYLE LOUNGE WITH FLOOR TO CEILING WINDOWS * TWO DOUBLE BEDROOMS * LARGE BATHROOM*

Oakmans offer a fantastic two double bedroom apartment located within the Mason Way, Park Central development.

The property offers a secure communal entrance, balcony, two double bedrooms, large bathroom with separate shower to bath, open plan kitchen, dining, living space with floor to ceiling windows.

The property further offers a secure communal entrance and lift access.

Ideally located for Five Ways Train Station, Edgbaston, Broad Street and Birmingham City Centre.

Ideal for professionals and buy to let investment.

We have been advised by the owner that the property is Leasehold, and the owner has provided us with the following details of the Lease:
Current service charge per annum is £4500.00
Current ground rent per annum is £100.00
The term of the Lease is 129 years remaining

Agent Details

Oakmans Estate Agents, Harborne

0121 387 6780

Next Steps?

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

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