2 Bed Flat, Single Let, Birmingham, B32 2JA, £159,950

50 Savoy Close, Harborne, Birmingham, B32 2JA - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 5%
53 m²
+10 photos

ValuationOvervalued

Sold Prices£80K - £268K
Sold Prices/m²£1.7K/m² - £4.9K/m²

 

 

Square Metres

53 m²
Price/m²£3K/m²

Value Estimate

£149,188

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£5,999

Total Cash In

£45,986

 

 

Cash Out

 

Rent Range

£758 - £1,443

Rent Estimate

£895

Running Costs/mo

£699

Cashflow/mo

£196

Cashflow/yr

£2,354

ROI

5%

Gross Yield

7%

Local Sold Prices

30 sold prices from £80K to £268K, average is £153.5K. £1.7K/m² to £4.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£150K11/220 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£145K01/230.03 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£147K08/220.05 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£215K03/210.31 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.31 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.31 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£196K09/210.34 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£87.5K11/230.49 mi29, First Meadow Piece, Quinton, Birmingham, West Midlands B32 2QJ2
£80K05/230.65 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.65 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£82K08/220.66 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£157K02/230.78 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/210.78 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£170K09/220.79 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£175K11/220.8 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£180K02/230.82 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£100K12/200.82 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£155K02/230.83 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£193K11/220.84 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K08/210.84 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/220.84 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£151K09/210.85 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£135K11/220.86 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.86 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£139K04/210.88 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.88 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£268K08/220.9 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£165K03/230.91 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.91 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.91 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2

Local Rents

43 rents from £758/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05012/240.13 miWisley Way, Birmingham2
£90012/240.19 miMath Meadow, Birmingham2
£1,15004/250.25 mi-2
£89512/240.26 miFredas Grove, Harborne, Birmingham, B172
£1,15012/240.27 miNorthfield Road, Harborne, B172
£92512/240.27 miBlandford Road, Quinton, Birmingham, B32 2LP2
£1,10012/240.28 miNorthfield Road, Harborne, Birmingham2
£1,00012/240.29 miCourt Oak Road, Harbrone, B172
£1,15012/240.31 miCourt Oak Road, Harborne, B172
£89512/240.33 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£97501/240.34 mi-2
£1,00012/240.35 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.35 miHampton Court Road, Harborne, Birmingham, B172
£99512/240.35 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£1,15012/240.36 miHampton Court Road, Harborne, B172
£1,10012/240.37 miHampton Court Road, Harborne2
£97512/240.38 miMilford Road, BIRMINGHAM2
£99903/250.38 mi-2
£1,10012/240.41 miHartledon Road, Harborne2
£1,10012/240.41 miHartledon Road, Harborne2
£1,25001/250.42 mi-2
£1,10012/240.43 miWood Lane, Harborne2
£99501/250.44 mi-2
£1,27503/240.44 mi-2
£1,27512/240.44 miChurchcroft, Harborne, Birmingham, B172
£1,10012/240.44 miDufton Road, Quinton, BIRMINGHAM2
£1,20004/250.45 mi-2
£1,05002/240.48 mi-2
£1,05012/240.48 miQuinton Road West, Birmingham, West Midlands, B322
£1,09512/240.48 miQuinton Road West, Birmingham, West Midlands, B322
£95002/240.49 mi-2
£95002/240.5 mi-2
£90003/250.5 mi-2
£1,28012/240.54 miSt Peters Road, Harborne, BIRMINGHAM2
£1,40002/250.54 mi-2
£1,05012/240.56 mi-2
£95012/240.59 miFrankley Terrace, Lordswood Road2
£1,25012/240.59 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,15012/240.6 miBalden Road, Harborne2
£1,44312/240.61 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.61 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£95012/240.61 miKelfield Avenue, Birmingham, B172
£1,19512/240.62 miThe Lords, Lordswood Road, Harborne2

Local Area Statistics

Population in B32

38,356

Population in Birmingham

1,034,821

Town centre distance

3.91 miles away

Nearest school

0.20 miles away

Nearest train station

1.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+35%

Property History

Listed for £159,950

October 18, 2024

Sold for £86,000

2003

Description

  • FIRST FLOOR APARTMENT +
  • IMPROVED AND WELL PRESENTED +
  • TWO BEDROOMS, LIVING/DINING ROOM +
  • NO CHAIN. EXTENDED LEASE ON COMPLETION +

An improved and well presented first floor apartment in a delightful cul-de-sac location, double glazing as specified, security answerphone, hall, fitted breakfast/kitchen, lounge/dining room, two bedrooms, refitted bathroom/WC with shower, and garage in nearby block. The property has the benefit of an extended lease on completion. NO CHAIN.

Savoy Close leads off Tennal Road, in turn leading between Court Oak Road and War Lane/Northfield Road. It is readily accessible to the Queen Elizabeth Medical Centre, the University of Birmingham and Harborne Leisure Centre, as well as excellent amenities around Harborne High Street and regular transport services leading through to comprehensive City Centre leisure entertainment and shopping facilities.

The property itself is situated on the first floor of a three storey purpose-built block, located to the front corner of this development which is set in its own landscaped grounds, having lawns, trees and some communal parking facilities. Approach is via communal entrance hall with security answerphone.

Hallway - Being L shaped and having entrance door with spy hole, security answerphone, built-in airing cupboard housing the hot water cylinder and further wall mounted cupboard housing electrics.

Fitted Kitchen - 2.41m max x 3.49m max (7'10" max x 11'5" max) - Having a range of matching wall and base units with roll top worksurface, integrated electric oven, induction hob with extractor fan over, 1 1/2 inset sink drainer with mixer tap over, partial tiling to walls, UPVC double glazed window, plumbing for washing machine, vinyl flooring and ceiling light point.

Living/ Dining Room - 4.51m max x 3.53m max (14'9" max x 11'6" max) - Having UPVC double glazed window, ceiling light point and wall mounted electric heater. Door leading to:

Bedroom One - 3.49m max x 2.66m max (11'5" max x 8'8" max) - Having UPVC double glazed window, ceiling light point, coving to ceiling and wall mounted electric heater.

Bedroom Two - 2.12m max × 3.49m max (6'11" max × 11'5" max) - Having UPVC double glazed window, ceiling light point, coving to ceiling and wall mounted electric heater.

Bathroom - 1.64m max into shower x 2.55m max (5'4" max into s - Having panelled bathtub with mixer tap over, wall mounted electric shower, UPVC obscured double glazed window and hand wash basin with mixer tap over and storage below. Partial tiling to walls, low flush WC, ceiling light point and wall mounted electric heater.

Outside - Garage in nearby block.

Additional Information - Tenure: We are advised the property is leasehold and subject to a variable service charge of £585 per half year. The lease has 90 years remaining from 1977 therefore having 43 years unexpired. The lease will benefit of an extended lease on completion.
Council Tax Band: A

Agent Details

Englands Estate Agents, Harborne

0121 387 6321

Next Steps?

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