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
BMV14%

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.

PriceDateDistanceAddressBeds 
£119K01/230.29 mi35, Hillstone Road, Birmingham, West Midlands B34 7PX2
£117.5K11/200.37 mi7, Finches End, Birmingham, West Midlands B34 6UD2
£100K09/230.4 mi17, Camrose Croft, Buckland End, Birmingham, West Midlands B34 6TP2
£94.5K08/210.41 mi148, Old Forest Way, Birmingham, West Midlands B34 6UB2
£125K08/220.5 mi150, Chester Road, Castle Bromwich, Birmingham, West Midlands B36 0JE2
£119K07/220.5 mi4, Copplestone Close, Birmingham, West Midlands B34 6TH2
£142.5K11/210.59 mi3, Carlton Mews, Birmingham, West Midlands B36 0AB2
£77K04/210.63 mi61, Silver Birch Road, Kingshurst, Birmingham, West Midlands B37 6AS2
£77K04/210.63 mi61, Silver Birch Road, Kingshurst, Birmingham, West Midlands B37 6AS2
£90K08/230.88 mi21, Green Lane, Castle Bromwich, Birmingham, West Midlands B36 0AY2
£119K04/210.91 mi410, Gressel Lane, Birmingham, West Midlands B33 9UX2
£115K10/210.91 mi382, Gressel Lane, Birmingham, West Midlands B33 9UX2
£120K01/220.91 mi420, Gressel Lane, Birmingham, West Midlands B33 9UX2
£130K08/230.91 mi416, Gressel Lane, Birmingham, West Midlands B33 9UX2
£102K06/210.94 mi358, Cooks Lane, Birmingham, West Midlands B37 6NF2
£105K11/210.94 mi360, Cooks Lane, Birmingham, West Midlands B37 6NF2
£125K04/210.96 mi1, Mey Coppice, Birmingham, West Midlands B36 0SQ2
£140K08/230.99 mi12, Hodnell Close, Birmingham, West Midlands B36 9SF2
£142.5K06/211 mi12, Langwood Court, Castle Bromwich, Birmingham, West Midlands B36 9DN2
£142K08/221 mi44, Langwood Court, Castle Bromwich, Birmingham, West Midlands B36 9DN2
£170K03/231 mi46, Langwood Court, Castle Bromwich, Birmingham, West Midlands B36 9DN2

Local Rents

29 rents from £595/mo to £2.1K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£85012/240.13 miShard End Crescent B342
£95012/240.14 mi-2
£99512/240.31 miEathorpe Close, Birmingham, B342
£97512/240.43 miBrownfield Road, Shard End B342
£1,05012/240.57 miHall Hays Road, BIRMINGHAM2
£99812/240.61 mi-2
£84903/250.71 mi-2
£85012/240.8 miEasthope road, Stechford, B332
£89512/240.92 miGressel Lane, Birmingham2
£79512/240.92 miEast Meadway, Birmingham2
£92503/240.93 mi-2
£92512/240.93 miHollington Crescent, Birmingham, B332
£59512/240.94 miHurstcroft Road, Birmingham, B332
£1,10012/240.95 miEast Meadway, Birmingham2
£1,10012/241.01 miBucklands End Lane, BIRMINGHAM2
£87512/241.01 miCamden Close, castle Bromwich, BIRMINGHAM, West Midlands, B362
£85009/241.02 mi-2
£1,00012/241.05 mi-2
£1,00012/241.05 miBrownsover Close, Birmingham, B362
£1,00012/241.05 miBrownsover Close, Birmingham, B362
£85012/241.06 mi2 Lowerstack Croft, Chelmsley Wood, West Midlands2
£87512/241.07 miHawkesford Close, Castle Bromwich, BIRMINGHAM, West Midlands, B362
£89502/251.11 mi-2
£95004/251.11 mi-2
£1,25012/241.13 miBirnam, 1 Rectory Lane, Birmingham, West Midlands, B362
£2,10001/241.15 mi-2
£2,10001/241.15 mi-2
£90001/251.16 mi-2
£1,20012/241.2 miYoxall Grove, BIRMINGHAM2

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

  • Selling Chain Free +
  • Tenants In Situ +
  • Parking +
  • Ground Floor +
  • Great Investment +
  • Close To All Amenities +

We are delighted to introduce this neutrally decorated, chain-free flat available for immediate sale. Situated on the ground floor, this property offers comfortable and convenient living spaces ideally suited for families, couples, or investors.

The property boasts two bedrooms, a single and a master bedroom. Both are spacious, filled with natural light, and have the added advantage of built-in wardrobes. The master bedroom is a generously proportioned double room, presenting an inviting and cosy retreat.

The flat features an open-plan kitchen and reception room, creating a harmonious flow through the living spaces. The kitchen is well-appointed, ready to inspire culinary creativity. The reception room, graced with large windows, invites ample natural light, enhancing the welcoming atmosphere of the flat.

Another highlight of this property is the inclusion of a parking space, adding a further layer of convenience for residents. The property is located in a community-rich area with excellent public transport links, close to local amenities, schools, and green spaces, making everyday living and commuting a breeze.

This property's unique features and prime location make it an ideal investment opportunity or a perfect home for those seeking a balance of comfort and practicality. Viewing is highly recommended to fully appreciate this property's potential.
EPC band: C Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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