2 Bed Flat, Single Let, Birmingham, B32 1RZ, £125,000

Four Acres, Quinton, B32 1RZ - 7 months ago

Leasehold
BTL
ROI: 8%
~73 m²
+9 photos

ValuationUndervalued

Sold Prices£78K - £235K
Sold Prices/m²£1.3K/m² - £4.9K/m²

 

 

Square Metres

~72.93 m²
Price/m²£1.7K/m²

Value Estimate

£155,000
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£7,450

Total Cash In

£38,700

 

 

Cash Out

 

Rent Range

£825 - £1,400

Rent Estimate

£834

Running Costs/mo

£577

Cashflow/mo

£257

Cashflow/yr

£3,079

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £78K to £235K, average is £138.2K. £1.3K/m² to £4.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£100K05/220.04 mi74, Four Acres, Quinton, Birmingham, West Midlands B32 1RZ2
£125K04/230.31 mi15, Near Lands Close, Quinton, Birmingham, West Midlands B32 1RS2
£122.5K08/210.58 mi47, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/210.58 mi58, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£112K02/210.58 mi58, Daventry Grove, Birmingham, West Midlands B32 1JA2
£142K06/230.58 mi30, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£120K07/220.58 mi36, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£135K12/220.58 mi42, Daventry Grove, Quinton, Birmingham, West Midlands B32 1JA2
£117K05/230.67 mi40, Stevens Avenue, Birmingham, West Midlands B32 3SA2
£111K04/220.67 mi12, Stevens Avenue, Birmingham, West Midlands B32 3SA2
£87.5K11/230.71 mi29, First Meadow Piece, Quinton, Birmingham, West Midlands B32 2QJ2
£115K07/230.73 mi61, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£92K04/230.73 mi77, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£101K03/210.73 mi61, Bournebrook Crescent, Halesowen, West Midlands B62 0HZ2
£100K02/220.74 mi508a, Hagley Road West, Oldbury, West Midlands B68 0BZ2
£85K02/210.78 miFlat 1, Beechdale, Perry Hill Road, Oldbury, West Midlands B68 0AJ2
£125K06/210.8 mi49, Sunny Bank Road, Oldbury, West Midlands B68 0DB2
£140K12/220.82 mi2, Ventnor Close, Oldbury, West Midlands B68 0DH2
£78K01/220.85 miFlat 27, Perry Court, Hagley Road West, Oldbury, West Midlands B68 0BU2
£175K10/231 mi279, Spies Lane, Halesowen, West Midlands B62 9BN2
£145K01/231.06 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£150K11/221.06 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£140K10/221.06 miFlat 35, Milverton Court, Binswood Road, Halesowen, West Midlands B62 9BQ2
£210K10/201.07 miFlat 33, Pegasus Court, Spies Lane, Halesowen, West Midlands B62 0BL2
£120K08/221.08 miFlat 57, Victoria Court, Binswood Road, Halesowen, West Midlands B62 9BQ2
£121K02/231.09 mi142, Kingsway, Oldbury, West Midlands B68 0PL2
£83K12/231.1 mi77, Woodgate Gardens, Birmingham, West Midlands B32 3UW2
£147K08/221.11 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£135K11/221.12 mi25, Westcombe Grove, Birmingham, West Midlands B32 4LE2
£105K06/211.14 mi17, Bigwood Drive, Birmingham, West Midlands B32 3NS2
£100K04/231.14 mi19, Bigwood Drive, Birmingham, West Midlands B32 3NS2
£138.9K10/231.31 miFlat 9, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£137.5K06/231.31 miFlat 2, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£175K11/221.31 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£145K07/221.31 miFlat 10, Larkspur Court, Narrow Lane, Halesowen, West Midlands B62 9NA2
£215K03/211.33 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/211.33 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/231.33 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£170K09/221.34 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£157K02/231.37 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/211.37 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£180K02/231.37 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£196K09/211.37 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£155K02/231.41 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K08/211.41 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/221.41 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£193K11/221.41 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£144.9K06/211.57 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/201.57 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£144.9K06/211.58 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2

Local Rents

10 rents from £825/mo to £1.4K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£1,00012/240.36 miWorlds End Lane, Quinton2
£97512/240.36 miWorlds End Lane, Quinton2
£1,10012/240.36 miWorlds End Lane, Quinton2
£97512/240.36 miWorlds End Lane, Quinton2
£1,10012/240.36 miWorlds End Lane, Quinton2
£1,40002/250.56 mi-2
£90003/250.57 mi-2
£82512/240.58 miDaventry Grove, Quinton, B322
£82512/240.58 miDaventry Grove, Quinton, B322
£1,05002/240.59 mi-2

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

4.97 miles away

Nearest school

0.30 miles away

Nearest train station

2.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £125,000

September 4, 2024

Floor Plans

Description

  • Upper-floor duplex flat +
  • Located in a cul-de-sac near Woodgate Valley Country Park +
  • Two double bedrooms +
  • Vendor has found a property, allowing quick purchase +
  • Nice flow between rooms +
  • Lovely Views +

This charming upper-floor duplex flat offers a spacious and well-designed living space perfect for modern living. As you enter the property, you are greeted by an inviting entrance hall that seamlessly leads into the living room, creating a warm and welcoming atmosphere. The living room opens up to a generously sized dining kitchen, making it ideal for both everyday meals and entertaining guests. This thoughtful layout also allows easy access back to the hallway, enhancing the natural flow of the home.

On the first floor, the property boasts a landing area that includes a convenient fire exit, built-in storage, and a cupboard housing the gas boiler. The flat features two well-proportioned double bedrooms, providing ample space for relaxation and comfort. A well-appointed shower room completes this level, offering all the amenities needed for a comfortable lifestyle.

Located in a quiet cul-de-sac, the flat enjoys a peaceful setting while being just a short distance from Woodgate Valley Country Park, transport links, and a wide range of local amenities.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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