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2 Bed Flat, Single Let, Birmingham, B16 8JE, £125,000

Francis Road, Birmingham, B16 8JE - 4 views - 6 months ago

Leasehold
BTL
ROI: 12%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£30K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£150,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£900 - £3,600

Rent Estimate

£978

Running Costs/mo

£606

Cashflow/mo

£372

Cashflow/yr

£4,464

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £30K to £500K, average is £172K. £1.3K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£153.5K06/210.28 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£180K08/210.31 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£125K12/210.42 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.42 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£500K02/210.57 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.57 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.57 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.57 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K07/210.62 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£182K12/220.63 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.68 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£144.5K09/210.72 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£90K06/210.72 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K09/210.75 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£220K08/210.83 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£255.5K02/210.86 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£290K10/220.89 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£255K06/211 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£145K10/201.01 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/211.01 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/201.01 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/211.01 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/211.01 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/211.01 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£130K10/211.06 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.06 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.06 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/211.06 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/201.08 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.08 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.08 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.08 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£150K02/231.1 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/211.1 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/221.1 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£255K10/221.13 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£202.5K01/231.13 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£235K12/221.14 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£208K05/211.14 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/221.14 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£160K03/211.15 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.15 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.15 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£105K08/221.15 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£244K03/211.15 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£242.5K10/201.19 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£65K02/231.24 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/201.24 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/201.24 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2

Local Rents

50 rents from £900/mo to £3.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£3,60003/240.06 mi-2
£2,95012/240.06 mi-2
£1,00012/240.06 miRed Apartments, Edgbaston2
£1,25001/250.07 mi-2
£98012/240.07 miArden Grove, Ladywood, Birmingham, West Midlands, B16 8HQ2
£2,50003/250.07 mi-2
£1,15012/240.07 miBroadway Plaza, Edgbaston, Birmingham, B162
£1,10012/240.08 miThe Purple Apartments, Broadway Plaza, 219 Ladywood Middleway, Birmingham, B16 8EQ2
£1,05012/240.08 miThe Purple Apartments, 219 Ladywood Middleway, Birmingham, B162
£90002/250.08 mi-2
£92501/250.09 mi-2
£1,27503/250.14 mi-2
£1,77512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,51512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,54512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,57512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,53512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59012/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,58512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,77512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,60012/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,65012/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,59512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,47512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,77512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,59512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,65012/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,47512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,47512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,49512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FU2
£1,53512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,59012/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ2
£1,47512/240.16 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FY2
£1,05012/240.17 miMetropolitan House, 1 Hagley Road, Birmingham, B16 8HU2
£97512/240.17 miHagley Road2
£2,20512/240.17 mi-2
£1,05003/250.17 mi-2
£99503/250.17 mi-2
£1,30003/250.17 mi-2
£1,05012/240.17 miMetropolitan House, 1 Hagley Road, Birmingham, B162
£1,10012/240.17 miMetropolitan House, 1 Hagley Road, Birmingham, B162
£2,20012/240.17 miHagley Road, Birmingham2
£1,00012/240.18 miBlue Apartments, Broadway 19 Francis Road, Birmingham, B162
£1,00012/240.2 mi1 Hagley Road, Five Ways, B162
£1,05012/240.21 mi1 Hagley Road, Five Ways, B162
£97512/240.21 mi128 Morville Street, Birmingham2
£1,15012/240.22 miBroadway Residences, Broad Street, Birmingham, B152
£1,25012/240.22 miBroadway Residences, 105 Broad Street, Birmingham, West Midlands, B152
£1,35012/240.22 miBroadway Residences, 165 Broad Street, Birmingham, West Midlands, B152

Links

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £125,000

September 23, 2024

Floor Plans

Description

  • Fifth Floor +
  • Two Double Bedrooms +
  • Balcony +
  • Convenient Location +
  • Close To Broadway Plaza +
  • No Onward Chain +

A fifth floor apartment ideally situated close to Broadway Plaza, Five Ways train station and Brindley Place. Currently rented but can be purchased with vacant possession.

Agent Details

haart, Harborne

0121 387 6520

Next Steps?

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

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