2 Bed Flat, Single Let, Birmingham, B16 8FN, £195,000
Sherborne Street, Birmingham, B16 8FN - 6 views - 6 months ago
Leasehold
BTL
ROI: 3%
~68 m²





+9 photos
ValuationFair Value
Sold Prices | £90K - £500K |
Sold Prices/m² | £1.3K/m² - £4.5K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £2.9K/m² |
Value Estimate | £197,846 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £48,750 |
Stamp Duty & Legal Fees | £7,050 |
Total Cash In | £55,800 |
| |
Cash Out | |
Rent Range | £950 - £2,800 |
Rent Estimate | £950 |
Running Costs/mo | £819 |
Cashflow/mo | £131 |
Cashflow/yr | £1,568 |
ROI | 3% |
Gross Yield | 6% |
Local Sold Prices
22 sold prices from £90K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.8K/m².
Local Rents
50 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.
Local Area Statistics
Population in B16 | 23,618 |
Population in Birmingham | 1,034,821 |
Town centre distance | 1.86 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.55 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -17% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +27% |
Property History
Listed for £195,000
September 19, 2024
Description
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