2 Bed Flat, Single Let, Birmingham, B17 0SB, £135,000

Arosa Drive, Harborne, Birmingham, B17 0SB - 2 views - 7 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£80K - £235K
Sold Prices/m²	£1.8K/m² - £4.9K/m²

Square Metres	~68.11 m²
Price/m²	£2K/m²
Value Estimate	£166,050£166,050
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£33,750£33,750
Stamp Duty & Legal Fees	£5,250£5,250
Total Cash In	£39,000£39,000

Cash Out
Rent Range	£750 - £1,443£750 - £1,443
Rent Estimate	£750
Running Costs/mo	£592£592
Cashflow/mo	£158£158
Cashflow/yr	£1,898£1,898
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

25 sold prices from £80K to £235K, average is £150K. £1.8K/m² to £4.9K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£139K	04/21	0.01 mi	45, Arosa Drive, Birmingham, West Midlands B17 0SB	£3,022	46	2	Flat
£140K	02/21	0.01 mi	43, Arosa Drive, Birmingham, West Midlands B17 0SB	£2,800	50	2	Flat
£165K	03/23	0.04 mi	73, Arosa Drive, Birmingham, West Midlands B17 0SD	£3,039	54	2	Flat
£155K	12/22	0.04 mi	39, Arosa Drive, Birmingham, West Midlands B17 0SB	£3,163	49	2	Flat
£155K	01/23	0.04 mi	67, Arosa Drive, Birmingham, West Midlands B17 0SD	£2,981	52	2	Flat
£135K	11/22	0.06 mi	40, Arosa Drive, Birmingham, West Midlands B17 0SE	£2,547	53	2	Flat
£152K	04/23	0.06 mi	28, Arosa Drive, Birmingham, West Midlands B17 0SE	£2,868	53	2	Flat
£151K	09/21	0.57 mi	53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG	£2,435	62	2	Flat
£185K	05/21	0.61 mi	59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ	£2,681	69	2	Flat
£175K	08/21	0.62 mi	29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU	-	-	2	Flat
£150K	08/21	0.75 mi	77, Wellman Croft, Birmingham, West Midlands B29 6NR	£2,830	53	2	Flat
£100K	12/20	0.77 mi	14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP	£1,818	55	2	Flat
£114.5K	10/21	0.78 mi	2, Wellman Croft, Birmingham, West Midlands B29 6NP	-	-	2	Flat
£130K	05/21	0.8 mi	Flat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY	-	-	2	Flat
£147K	08/22	0.85 mi	4, Cedarhurst, Birmingham, West Midlands B32 2JZ	-	-	2	Flat
£80K	05/23	0.86 mi	Flat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD	-	-	2	Flat
£100K	07/23	0.86 mi	Flat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD	-	-	2	Flat
£145K	01/23	0.86 mi	46, Savoy Close, Birmingham, West Midlands B32 2JA	£4,925	29	2	Flat
£82K	08/22	0.87 mi	Flat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD	-	-	2	Flat
£150K	11/22	0.88 mi	64, Savoy Close, Birmingham, West Midlands B32 2JA	£2,830	53	2	Flat
£215K	03/21	0.95 mi	15, Fellows Lane, Birmingham, West Midlands B17 9TS	£3,209	67	2	Flat
£224K	03/21	0.95 mi	3, Fellows Lane, Birmingham, West Midlands B17 9TS	£3,500	64	2	Flat
£235K	07/23	0.95 mi	1a, Fellows Lane, Birmingham, West Midlands B17 9TS	£3,917	60	2	Flat
£196K	09/21	0.96 mi	88, Court Oak Road, Birmingham, West Midlands B17 9TN	£3,063	64	2	Flat
£87.5K	11/23	0.97 mi	29, First Meadow Piece, Quinton, Birmingham, West Midlands B32 2QJ	£1,786	49	2	Flat

Local Rents

50 rents from £750/mo to £1.4K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	12/24	0 mi	Arosa Drive, Birmingham, B17	2	Flat
£925	03/24	0 mi	-	2	Flat
£1,200	02/25	0 mi	-	2	Flat
£1,100	12/24	0.04 mi	-	2	Flat
£1,100	12/24	0.04 mi	-	2	Flat
£1,100	12/24	0.06 mi	Arosa Drive, Birmingham	2	Flat
£1,100	02/25	0.14 mi	-	2	Semi-Detached House
£1,000	12/24	0.16 mi	Lynn Grove, Selly Oak, B29	2	Flat
£950	12/24	0.16 mi	134 Quinton Road, B17 0QA	2	Flat
£1,000	01/24	0.2 mi	-	2	Semi-Detached House
£1,400	12/24	0.2 mi	-	2	Semi-Detached House
£1,100	02/24	0.2 mi	-	2	Semi-Detached House
£1,100	01/25	0.2 mi	-	2	Semi-Detached House
£1,050	12/24	0.21 mi	-	2	Terraced House
£1,150	01/25	0.21 mi	-	2	Terraced House
£950	12/24	0.22 mi	-	2	Semi-Detached House
£1,200	12/24	0.24 mi	Durley Dean Road, Selly Oak, B29	2	Detached House
£950	12/24	0.28 mi	Weoley Avenue, Birmingham, West Midlands, B29 6PU	2	Detached House
£1,443	12/24	0.29 mi	Student 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH	2	Flat
£758	12/24	0.29 mi	Deluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham	2	Flat
£1,082	12/24	0.3 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,170	12/24	0.31 mi	Herons Way, Birmingham	2	Flat
£750	03/25	0.39 mi	-	2	Flat
£875	12/24	0.39 mi	Alwold Road, Birmingham	2	Terraced House
£750	02/24	0.39 mi	-	2	Flat
£750	02/24	0.39 mi	-	2	Flat
£750	03/25	0.39 mi	-	2	Flat
£950	12/24	0.39 mi	Kelfield Avenue, Birmingham	2	Flat
£950	12/24	0.39 mi	Kelfield Avenue, Birmingham, B17	2	Flat
£1,000	02/24	0.4 mi	-	2	Semi-Detached House
£1,100	03/25	0.41 mi	-	2	Semi-Detached House
£800	12/24	0.44 mi	Castle Road, Bartley Green, Birmingham, West Midlands, B29	2	Detached House
£1,100	02/24	0.46 mi	-	2	Flat
£1,100	04/25	0.46 mi	-	2	Flat
£1,100	12/24	0.46 mi	Yewdale, Birmingham, B17	2	Flat
£996	12/24	0.5 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£996	12/24	0.5 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,095	12/24	0.52 mi	Harborne Park Road, Harborne	2	Terraced House
£910	12/24	0.52 mi	Harborne Park Road - student property	2	Terraced House
£1,195	12/24	0.52 mi	Harborne, B17	2	Terraced House
£1,126	12/24	0.53 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,126	12/24	0.53 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£900	02/25	0.54 mi	-	2	Flat
£1,082	12/24	0.54 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,275	03/24	0.55 mi	-	2	Bungalow
£1,275	12/24	0.55 mi	Churchcroft, Harborne, Birmingham, B17	2	Flat
£1,126	12/24	0.56 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,126	12/24	0.56 mi	Reservoir Road, Selly Oak, Birmingham	2	Flat
£1,100	12/24	0.56 mi	Woodleigh Avenue, Harborne, B17	2	Terraced House
£895	12/24	0.57 mi	Northfield Road, Harborne, Birmingham, West Midlands, B17 0ST	2	Flat

Local Area Statistics

Population in B17	25,62525,625
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.52 miles away3.52 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.99 miles away0.99 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £135,000

October 9, 2024

Description

A good sized, two bedroom ground floor flat in a purpose built three storey block well located for access to Harborne High Street, the City Centre, Birmingham University and QE Hospital, bus routes and regional road networks.

The property briefly comprises: hall, living room, kitchen with electric hob electric oven, washing machine, and fridge freezer. two good size double bedrooms, bathroom, three storage cupboards and a garage in a separate block.

The flat has PVC double glazed windows and gas fired central heating.

There is NO UPWARD CHAIN.

Agent Details

Glovers Estate Agents, Kings Heath

0121 443 4343

Next Steps?

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

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