3 Bed Flat, Single Let, Birmingham, B16 8AL, £180,000

145 Essington Street, Birmingham B16 8AL - 10 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 13%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£90K - £525K
Sold Prices/m²£1.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£169,269

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,150 - £8,000

Rent Estimate

£1,428

Running Costs/mo

£868

Cashflow/mo

£560

Cashflow/yr

£6,719

ROI

13%

Gross Yield

10%

Local Sold Prices

28 sold prices from £90K to £525K, average is £133K. £1.1K/m² to £4.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£205K02/230.21 mi25, Roseland Way, Birmingham, West Midlands B15 1HD3
£190K10/220.3 mi50, Arden Grove, Ladywood, Birmingham, West Midlands B16 8HQ3
£102K03/230.32 miFlat 19, Hampton Court, George Road, Edgbaston, Birmingham, West Midlands B15 1PU3
£235K05/210.67 mi4, Estria Road, Birmingham, West Midlands B15 2LQ3
£425K04/210.68 miApartment 417, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ3
£315K11/220.69 mi7, Westbourne Gardens, Birmingham, West Midlands B15 3TJ3
£173K12/220.91 mi19, Hodnet Grove, Birmingham, West Midlands B5 7DG3
£360K01/231.06 mi14, Viceroy Close, Birmingham, West Midlands B5 7UR3
£250K12/221.08 mi61, Viceroy Close, Birmingham, West Midlands B5 7UT3
£245K09/221.11 mi75, Viceroy Close, Birmingham, West Midlands B5 7UU3
£128K03/221.13 mi140, Great Hampton Row, Birmingham, West Midlands B19 3JL3
£108K11/201.14 miFlat 9, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB3
£99K11/201.19 mi72, Aldgate Grove, Birmingham, West Midlands B19 3XE3
£90K01/221.24 mi6, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£100K12/221.25 mi107, Great Hampton Row, Birmingham, West Midlands B19 3AY3
£130K12/221.26 mi17, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£115K03/221.26 mi47, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£525K06/211.31 mi3, Moorland Road, Birmingham, West Midlands B16 9JP3
£240K03/231.34 mi36, Wyatt Close, Birmingham, West Midlands B5 7QR3
£140K03/211.4 miFlat 6, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE3
£125K04/221.42 mi3, Attenborough Close, Birmingham, West Midlands B19 2QA3
£100K06/211.46 mi41, Canford Close, Birmingham, West Midlands B12 0YU3
£137.5K05/211.46 mi67, Canford Close, Birmingham, West Midlands B12 0YU3
£132K11/211.46 mi1, Farm Croft, Birmingham, West Midlands B19 2UG3
£132K11/211.46 mi1, Farm Croft, Birmingham, West Midlands B19 2UG3
£134K12/201.68 mi100, Vincent Street, Birmingham, West Midlands B12 9TX3
£125K05/211.92 mi30, Wardlow Road, Birmingham, West Midlands B7 4JH3
£125K05/211.92 mi30, Wardlow Road, Birmingham, West Midlands B7 4JH3

Local Rents

50 rents from £1.1K/mo to £8K/mo, average is £2.6K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.07 mi10 Ryland Street, Birmingham City Centre3
£3,40012/240.1 miThe Mercian, Broad Street, Birmingham3
£3,40012/240.11 miThe Mercian, Birmingham, B153
£3,40012/240.11 miThe Mercian, Birmingham, B153
£3,40012/240.11 miThe Mercian, Birmingham, B153
£3,40012/240.11 miThe Mercian, Birmingham, B153
£3,11012/240.11 miThe Mercian, Birmingham, B153
£3,11012/240.11 miThe Mercian, Birmingham, B153
£3,11012/240.11 miThe Mercian, Birmingham, B153
£3,40012/240.11 miThe Mercian, Birmingham, B153
£3,11012/240.11 miThe Mercian, Birmingham, B153
£3,35012/240.11 miThe Mercian, Broad Street, Birmingham3
£3,11012/240.11 miThe Mercian, Broad Street, Birmingham3
£3,11012/240.11 miThe Mercian, Broad Street, Birmingham3
£3,40012/240.12 miThe Mercian, Birmingham, B153
£3,40012/240.12 miThe Mercian, Birmingham, B153
£3,40012/240.12 miThe Mercian, Birmingham, B153
£1,95012/240.16 mi-3
£1,75503/250.16 mi-3
£2,91512/240.16 miBroad Street, Birmingham, B153
£3,40012/240.16 miBroad Street, Birmingham, B153
£8,00012/240.16 miBroad Street, Birmingham, B153
£2,20012/240.17 miPenthouse, 40 Ryland, B163
£1,80012/240.18 miSheepcote Street, Birmingham, B163
£3,99902/250.18 mi-3
£3,00002/240.18 mi-3
£1,42812/240.2 miShepherds Gardens, Birmingham3
£1,42812/240.2 miShepherds Gardens, Birmingham3
£3,35012/240.22 miTriplex, King Edwards Wharf, Sheepcote Street, B163
£1,15003/250.24 mi-3
£2,40004/250.24 mi-3
£1,19503/250.25 mi-3
£1,25002/250.25 mi-3
£1,25004/250.25 mi-3
£1,55012/240.26 miBroadway Plaza, 220 Ladywood Middleway3
£1,35001/250.27 mi-3
£1,25003/250.27 mi-3
£2,75012/240.27 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£2,75012/240.27 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£2,75012/240.27 miThe Lansdowne, 25 Hagley Road, Birmingham, B16 8FZ3
£1,50002/240.33 mi-3
£1,50002/240.33 mi-3
£1,19904/250.34 mi-3
£2,00004/250.34 mi-3
£1,79512/240.36 mi-3
£1,99512/240.38 mi-3
£1,79512/240.38 mi-3
£1,99512/240.38 miBridge Street, Birmingham, B13
£2,15012/240.39 miCentenary Plaza, Holliday Street, Birmingham, B13
£1,20003/250.4 mi-3

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £180,000

October 10, 2024

Floor Plans

Description

  • TOP FLOOR APARTMENT +
  • CLOSE TO BROAD STREET +
  • LOCATED IN THE HEART OF CITY CENTRE +
  • SPACIOUS THREE BEDROOMS +
  • PARKING FOR RESIDENTS +
  • GREAT BUY TO LET +
  • IDEAL FAMILY APARTMENT +

SUMMARY
SPACIOUS THREE BEDROOM TOP FLOOR APARTMENT - WALKING DISTANCE TO BROAD STREET - Ideal buy to let or family property. Three bedrooms, lounge, kitchen, bathroom, PARKING, hallway, communal gardens. Properties here achieve very good rental income.

DESCRIPTION
SPACIOUS THREE BEDROOM TOP FLOOR APARTMENT - WALKING DISTANCE TO BROAD STREET - Ideal buy to let or family property. Three bedrooms, lounge, kitchen, bathroom, PARKING, hallway, communal gardens. Properties here achieve very good rental income.b

Property Details  

Entrance Hall  
Intercom system, storage and tiled flooring.

Lounge  16' 1" x 9' ( 4.90m x 2.74m )
Double glazed window with door leading to balcony, electric fireplace, laminate flooring and radiator.

Kitchen  10' x 6' 1" ( 3.05m x 1.85m )
Fitted kitchen with wall and base units to include work surfaces over, stainless steel sink and drainer, cooker point with extractor fan overhead, integrated appliances including fridge/freezer and washing machine and tiled flooring.

Hallway  
Laminate flooring and radiator.

Bedroom One  10' x 7' ( 3.05m x 2.13m )
Having carpet flooring, radiator and a double glazed window.

Bedroom Two  13' 6" x 10' ( 4.11m x 3.05m )
Having carpet flooring, radiator and double glazed window.

Bedroom Three  9' x 6' 1" ( 2.74m x 1.85m )
Having carpet flooring, radiator and double glazed window.

Bathroom  
Bath with shower overhead with shower screen, wash hand basin, separate low level w.c, partly tiled, radiator and double glazed window.

Separate W.C 
Separate low level W.C with tiled flooring and double glazed window.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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