2 Bed Flat, Single Let, Birmingham, B15 3RL, £180,000
2 Richmond Hill Road, Birmingham - 6 months ago
Leasehold
BTL
ROI: 4%
48 m²





+4 photos
ValuationOvervalued
Sold Prices | £80K - £277K |
Sold Prices/m² | £1.8K/m² - £4.9K/m² |
| |
Square Metres | 47.55 m² |
Price/m² | £3.8K/m² |
Value Estimate | £115,597 |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £45,000 |
Stamp Duty & Legal Fees | £10,200 |
Total Cash In | £55,200 |
| |
Cash Out | |
Rent Range | £850 - £1,550 |
Rent Estimate | £950 |
Running Costs/mo | £773 |
Cashflow/mo | £178 |
Cashflow/yr | £2,130 |
ROI | 4% |
Gross Yield | 6% |
Local Sold Prices
27 sold prices from £80K to £277K, average is £167K. £1.8K/m² to £4.9K/m², average is £2.4K/m².
Local Rents
44 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.
Local Area Statistics
Population in B15 | 17,552 |
Population in Birmingham | 1,034,821 |
Town centre distance | 2.34 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 0.66 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +71% |
Sales demand | Buyer's market |
Capital growth (5yrs) | +27% |
Property History
Listed for £180,000
October 16, 2024
Floor Plans

Description
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