2 Bed Flat, Single Let, Birmingham, B34 7RD, £110,000
Packington Avenue, Birmingham, B34 7RD - 8 views - 6 months ago
Sold STC
Leasehold
BTL
ROI: 11%
~68 m²





+5 photos
ValuationUndervalued
Sold Prices | £77K - £170K |
Sold Prices/m² | £1.2K/m² - £2.4K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1.6K/m² |
Value Estimate | £125,752 |
BMV | 14% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £27,500 |
Stamp Duty & Legal Fees | £4,500 |
Total Cash In | £32,000 |
| |
Cash Out | |
Rent Range | £595 - £2,100 |
Rent Estimate | £809 |
Running Costs/mo | £526 |
Cashflow/mo | £283 |
Cashflow/yr | £3,401 |
ROI | 11% |
Gross Yield | 9% |
Local Sold Prices
21 sold prices from £77K to £170K, average is £119K. £1.2K/m² to £2.4K/m², average is £1.8K/m².
Local Rents
29 rents from £595/mo to £2.1K/mo, average is £950/mo.
Local Area Statistics
Population in B34 | 18,941 |
Population in Birmingham | 1,034,821 |
Town centre distance | 5.01 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 1.18 miles away |
| |
Rental growth (12m) | +31% |
Sales demand | Balanced market |
Capital growth (5yrs) | +27% |
Property History
Listed for £110,000
October 31, 2024
Floor Plans

Description
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