3 Bed Flat, Public Notice, Birmingham, B30 1AA, £85,000

2 WINGATE CLOSE B30 1AA - 15 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 24%

93 m²

+8 photos

ValuationUndervalued

Sold Prices	£40K - £262.5K
Sold Prices/m²	£494/m² - £3.5K/m²

Square Metres	93 m²
Price/m²	£914/m²
Value Estimate	£104,550£104,550
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,250£21,250
Stamp Duty & Legal Fees	£3,750£3,750
Total Cash In	£25,000£25,000

Cash Out
Rent Range	£1,000 - £1,850£1,000 - £1,850
Rent Estimate	£972
Running Costs/mo	£480£480
Cashflow/mo	£492£492
Cashflow/yr	£5,904£5,904
ROI	24%24%
Gross Yield	14%14%

Local Sold Prices

25 sold prices from £40K to £262.5K, average is £132K. £494/m² to £3.5K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£230K	09/22	0.84 mi	126, Allens Croft Road, Birmingham, West Midlands B14 6RP	£2,706	85	3	Flat
£135K	04/21	1.08 mi	Flat 17, Coleman Court, Grovewood Drive, Birmingham, West Midlands B38 8NU	-	-	3	Flat
£155K	08/22	1.2 mi	173, Grange Farm Drive, Birmingham, West Midlands B38 8EL	£1,867	83	3	Flat
£105K	09/22	1.27 mi	23, Southern Drive, Kings Norton, Birmingham, West Midlands B30 3PF	£1,124	93	3	Flat
£117.5K	12/20	1.36 mi	35, Partons Road, Birmingham, West Midlands B14 6TG	£2,026	58	3	Flat
£248.5K	03/23	1.38 mi	36, Warwards Lane, Birmingham, West Midlands B29 7RB	£3,500	71	3	Flat
£130K	02/21	1.42 mi	390, Rednal Road, Birmingham, West Midlands B38 8HT	£2,063	63	3	Flat
£140K	09/23	1.65 mi	82, Coleys Lane, Birmingham, West Midlands B31 4AF	£1,842	76	3	Flat
£40K	02/22	1.95 mi	29, Hubert Croft, Selly Oak, Birmingham, West Midlands B29 6DU	£494	81	3	Flat
£100K	11/22	1.98 mi	985, Alcester Road South, Birmingham, West Midlands B14 5JA	£1,250	80	3	Flat
£68K	12/20	1.98 mi	985, Alcester Road South, Birmingham, West Midlands B14 5JA	£850	80	3	Flat
£132K	11/22	1.99 mi	12, Hawkhurst Road, Birmingham, West Midlands B14 5HS	£1,630	81	3	Flat
£170K	01/21	2.06 mi	18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD	£2,361	72	3	Flat
£170K	01/21	2.06 mi	18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD	£2,361	72	3	Flat
£140K	09/23	2.12 mi	414, Longbridge Lane, West Heath, Birmingham, West Midlands B31 4SP	£1,867	75	3	Flat
£182K	09/22	2.18 mi	7, Chiseldon Croft, Birmingham, West Midlands B14 5BY	-	-	3	Flat
£225K	03/21	2.45 mi	Flat 41, Pitmaston Court West, Goodby Road, Birmingham, West Midlands B13 8RJ	£3,358	67	3	Flat
£248K	03/21	2.57 mi	85b, Moorcroft Road, Birmingham, West Midlands B13 8LS	£2,141	116	3	Flat
£262.5K	04/23	2.57 mi	85d, Moorcroft Road, Birmingham, West Midlands B13 8LS	£2,413	109	3	Flat
£110K	01/23	2.8 mi	25, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	£1,571	70	3	Flat
£103.8K	12/20	2.81 mi	20, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	£1,461	71	3	Flat
£112K	05/21	2.82 mi	26, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	£1,600	70	3	Flat
£122K	12/23	2.82 mi	44, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	£1,718	71	3	Flat
£117K	02/23	2.82 mi	18, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	£1,648	71	3	Flat
£118K	03/23	2.82 mi	42, Lambscote Close, Shirley, Solihull, West Midlands B90 1NS	-	-	3	Flat

Local Rents

10 rents from £1K/mo to £1.9K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0.23 mi	Nursery Drive, Birmingham, B30	3	Detached House
£1,300	12/24	0.3 mi	-	3	Semi-Detached House
£1,170	03/25	0.4 mi	-	3	Terraced House
£1,850	03/24	0.52 mi	-	3	Terraced House
£1,850	12/24	0.52 mi	Selly Oak Road, Birmingham, B30	3	Flat
£1,850	12/24	0.52 mi	Selly Oak Road, Birmingham, B30	3	Flat
£1,300	11/24	0.57 mi	-	3	Detached House
£1,000	12/24	0.58 mi	The Green, Kings Norton, B38	3	Flat
£1,195	12/24	0.6 mi	-	3	Semi-Detached House
£1,200	12/24	0.61 mi	Beaumont Road, Bournville, B30	3	Flat

Local Area Statistics

Population in B30	29,53729,537
Population in Birmingham	1,034,8211,034,821
Town centre distance	4.05 miles away4.05 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.18 miles away0.18 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+37%+37%

Property History

Listed for £85,000

September 4, 2024

Sold for £75,000

2007

Sold for £62,000

2004

Floor Plans

Description

* THREE BED DUPLEX APARTMENT *
* RIGHT NEXT TO KINGS NORTON TRAIN STATION * * NO CHAIN *

PUBLIC NOTICE
ADDRESS 2 WINGATE CLOSE B30 1AA

We are acting in the sale of the above property and have received an offer of £86,000.

Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.
EPC Rating: D

Dixons are pleased to present this lovely three bedroom duplex apartment located on Wingate Close in Kings Norton. This brilliant top floor apartment offers great space and is located within a stone’s throw of Kings Norton train station. briefly comprising of an entrance hallway, lounge, kitchen, bathroom room and three good sized bedrooms. The property further benefits being located to local amenities within Cotteridge, Stirchley and Kings Norton.

Lease length : 79 and 3 months
Ground rent £50