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.

PriceDateDistanceAddressBeds 
£175K02/210.06 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.06 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.06 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£145K10/200.08 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.08 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.08 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£255K10/220.08 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£220K08/210.26 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£130K05/210.6 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£255K06/210.7 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.7 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£175K08/210.75 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£100K12/200.76 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£185K05/210.77 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£268K08/220.78 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£151K09/210.85 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£255.5K02/210.86 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£82K08/220.92 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£80K05/230.93 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.93 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£167K11/200.94 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.94 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.94 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.94 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£160K03/210.96 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.96 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.96 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2

Local Rents

44 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.04 miHigh Point, Richmond Hill Road, Birmingham, B15 3RU2
£95012/240.06 miRichmond Hill Road, Birmingham2
£1,20012/240.06 miHigh Point, Richmond Hill Road, Edgbaston, B152
£1,25012/240.07 miRichmond Hill Road, Edgbaston, Birmingham, B15 3RU2
£1,15012/240.1 miCrofters Court, Edgbaston2
£1,20012/240.1 miCrofters Court, Edgbaston2
£1,15012/240.1 miCrofters Court, Edgbaston2
£1,09502/240.24 mi-2
£1,05012/240.32 miWhetstone Close, Farquhar Road, Edgbaston, B152
£1,15012/240.33 miOrmsby Court, Richmond Hill Road, Edgbaston, B152
£1,20012/240.33 miWhetstone Close, Farquhar Road, Edgbaston2
£1,24512/240.36 miMetchley Lane, Birmingham, B17 0HT2
£1,29512/240.36 miHigh Street, Harborne2
£1,35012/240.37 miBroad Street, Birmingham, B152
£1,35012/240.37 miBroad Street, Birmingham, B152
£1,15012/240.37 miMalmesbury Park, Harborne Road, Edgbaston2
£1,17503/240.38 mi-2
£1,25003/250.38 mi-2
£1,19512/240.38 miMalmesbury Park, Birmingham, B152
£1,55003/250.39 mi-2
£1,15012/240.4 miMalmesbury Park, 8 Hawthorne Road, Edgbaston2
£1,50012/240.41 miThe Coach House, 28 Westfield road, Edgbaston, Birmingham, West Midlands2
£1,50012/240.44 miNursery Road, Edgbaston2
£1,17012/240.44 miGreenfield Road, Harborne, Birmingham2
£1,05012/240.45 miChad Square, Edgbaston2
£1,10012/240.49 miGordon Road, Harborne2
£95012/240.49 miHigh Street, Harborne, B172
£1,29512/240.51 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£1,00012/240.51 miGordon Road, Harborne, Birmingham2
£1,20012/240.52 mi22 Niall Close, Birmingham, West Midlands, B15 3LX2
£1,20012/240.52 miClarence Road, Harborne, B172
£1,29512/240.52 miAbbey Road, Harborne, Birmingham, B172
£1,20003/250.54 mi-2
£85012/240.54 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,05012/240.54 mi-2
£1,26512/240.55 miRose Road, Harborne, Birmingham2
£1,00012/240.55 miHigh Street, Harborne, Birmingham, B172
£1,00012/240.56 miRose Road, Harborne, Birmingham2
£1,10002/250.57 mi-2
£1,49512/240.58 miChestnut Grove, Harborne, Birmingham2
£1,18001/250.59 mi-2
£1,25012/240.59 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,25012/240.6 miHigh Street, Harborne2
£1,30012/240.62 miStation Road, Harborne, Birmingham, B172

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

  • Refurbished Apartment in this Highly Regarded Development +
  • Two Double Bedrooms +
  • Prestigious Location within the Heart of Edgbaston +
  • Garage Included with Unallocated Off-Street Residents Parking Available +
  • Two Balconies Providing Outside Space and Wonderful Views +
  • Excellent Access into QE Medical Complex and Birmingham Univeristy +
  • No Upward Chain +
  • EPC Rating - F +

An immaculately presented and newly refurbished two bedroom apartment situated in this highly regarded private development in the heart of Edgbaston. Situated on the eleventh floor the property provides panoramic views across Edgbaston and Birmingham, providing convenient access to Queen Elizabeth Medical Complex and Birmingham University. Additionally benefiting from a garage and being sold with No Upward Chain.

The property is completely double glazed and provides individual electric storage heating. Accessible via a secure communal entrance, with stairs and lift access up to where the property is situated. The property has been refurbished to an excellent standard, as you enter you walk into the hallway it provides access into all accommodation and includes a useful storage cupboard. A large lounge area provides two separate balconies for outside space and ample space for both living and dining room furniture with a service to the kitchen. The modern refitted kitchen comprises wall and base units with complimentary work surfaces and an integrated oven and electric hob with extractor above, with space for other kitchen appliances and a pantry area. The property provides two generously sized double bedrooms, both complete with built-in wardrobes and the main bedroom having access to the private balcony. The bedrooms are perfectly complimented with a refitted fully tiled bathroom suite comprising WC, vanity sink unit, bath with mixer taps and separate electric shower with airing cupboard.

The property is superbly located within this premier area of Edgbaston perfectly positioned for convenient access to both QE Medical Complex and Birmingham University. Residents of the local area will find a host of locations for local amenities in close proximity and easily accessible, including Harborne High Street with its high end shops and supermarkets, award winning eateries and cafe culture and Birmingham City Centre with its vast array of shopping and leisure facilities

Leasehold Information - We understand that the property is a leasehold with 134 years remaining, with an annual service charge payable of approximately £3520 per annum with an annual ground rent payable of £80. (Please ensure your solicitor verifies the lease and service charge information prior to purchase).

Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions. It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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