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.

PriceDateDistanceAddressBeds 
£180K08/210.08 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.11 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.22 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.22 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£182K12/220.38 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.42 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£235K07/210.43 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£90K06/210.46 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K09/210.57 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£500K02/210.63 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.63 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.63 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.63 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K10/220.64 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144.5K09/210.81 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£202.5K01/230.87 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£208K05/210.88 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.88 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.88 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£150K02/230.95 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.95 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.95 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,12502/250 mi-2
£1,12503/250 mi-2
£1,49502/240.03 mi-2
£1,15012/240.03 miVoyager, 51 Sherbourne Street, Birmingham, B162
£1,15012/240.03 miVoyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP2
£1,15012/240.03 miSheepcote Street, Birmingham, B162
£1,20012/240.03 miSheepcote Street, Birmingham, B162
£1,15012/240.04 mi40 Ryland Street, B162
£1,15012/240.04 mi40 Ryland Street, B162
£1,45002/240.04 mi-2
£1,10003/240.04 mi-2
£1,20012/240.04 mi-2
£1,47503/250.04 mi-2
£1,20012/240.04 miRyland Street, Birmingham, B162
£2,80002/250.04 mi-2
£1,25012/240.05 miRyland Street, BIRMINGHAM2
£1,20012/240.05 miWatermarque, 100 Browning Street2
£1,07512/240.05 miBellcroft, Birmingham, B162
£1,25012/240.05 miBrowning Street, Birmingham, B162
£95012/240.05 miBellcroft, Edgbaston, Birmingham, B162
£1,29012/240.05 mi-2
£1,29012/240.05 mi-2
£1,29012/240.05 mi-2
£1,25001/250.05 mi-2
£1,25001/250.05 mi-2
£1,05012/240.05 miBellcroft, Birmingham, B162
£97512/240.05 mi128 Morville Street, Birmingham2
£1,15012/240.05 miCallisto, Jupiter2
£1,25012/240.05 miCallisto House, Ryland Street, Birmingham City Centre2
£1,20012/240.05 miCallisto, Jupiter2
£1,40012/240.05 mi-2
£99502/250.06 mi-2
£1,55012/240.06 miSherborne Street, City Centre, Birmingham, B16 8FQ2
£1,20012/240.06 miCallisto Apartments, 38 Ryland Street, Birmingham, B162
£1,29012/240.06 mi-2
£1,29012/240.06 mi-2
£1,25001/250.06 mi-2
£1,25001/250.06 mi-2
£1,30012/240.07 mi-2
£1,40001/250.07 mi-2
£1,20012/240.07 miRyland Street, Birmingham2
£1,05012/240.07 mi-2
£1,15012/240.07 mi36 Ryland Street, Birmingham B16 8DB2
£1,40002/250.08 mi-2
£1,15012/240.08 miWatermarque, Browning Street, B16 8GZ2
£1,25012/240.08 miBrowning Street, BIRMINGHAM2
£99912/240.08 miBrowning Street, Birmingham2
£1,25012/240.08 miFlat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ2
£1,25012/240.08 miFlat C25, Sherborne Place, Marina Place, Birmingham, B162
£1,14902/240.08 mi-2

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

  • Allocated secure parking +
  • No onward chain +
  • Balcony overlooking the courtyard +
  • En-suite to the master bedroom +
  • Second double bedroom +
  • Third floor apartment +

Maguire Jackson are pleased to offer to the market this well presented third floor two-bedroom apartment. The property benefits from having open plan living / kitchen area with integrated appliances, two generously sized double bedrooms and fitted kitchen. also featuring secure allocated parking and a secure entry system.

The block is accessed via a communal entrance lobby with stair and lift access to the apartment.

There is a spacious private entrance hallway with storage and doors to the accommodation.

The large open plan kitchen, lounge & diner has a fitted kitchen with space for appliances and has patio doors out onto the balcony which overlooks the rear landscaped courtyard.

The master bedroom has a en-suite shower room, there is a second double bedroom and family bathroom.

The property benefits from having the EWS1 approval certificate and is being offered with no onward chain.

There is an allocated parking space which is the gated parking complex below the apartments.

Property Information
Tenure - Leasehold
Length of lease – 101 years remaining
Ground rent - £150 per annum
Service charge - £2902.92 per annum
Local authority - Birmingham City Council
Council tax band - E
EPC rating - B

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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