2 Bed Flat, Single Let, Birmingham, B12 0NP, £165,000

Rea Place, Birmingham, B12 0NP - 4 views - 5 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£30K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£149,296

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£850 - £3,050

Rent Estimate

£906

Running Costs/mo

£717

Cashflow/mo

£189

Cashflow/yr

£2,270

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £30K to £500K, average is £130K. £724/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£55K03/210.57 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.57 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£150K02/230.61 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.61 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.61 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£130K06/210.68 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£120K06/230.7 miFlat 19, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB2
£100K05/210.7 miFlat 15, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB2
£125K12/210.7 miFlat 29, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB2
£131K03/230.7 miFlat 31, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB2
£110K05/220.7 miFlat 21, Barwell Court, Barwell Road, Birmingham, West Midlands B9 4LB2
£120.2K06/220.73 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£130K09/220.75 mi38, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ2
£120K07/220.77 mi22, Hoff Beck Court, Birmingham, West Midlands B9 4PG2
£144K03/210.79 mi42, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ2
£155K04/230.79 mi27, Keer Court, Bordesley, Birmingham, West Midlands B9 4PQ2
£290K09/210.99 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£90K03/211 mi48, Minster Drive, Birmingham, West Midlands B10 0LD2
£95K11/221 mi52, Minster Drive, Birmingham, West Midlands B10 0LD2
£65K02/231.12 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/201.12 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/201.12 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£235K07/211.13 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£235K12/221.22 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£144K05/211.22 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£500K02/211.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/211.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.28 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/221.28 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/211.28 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£90K06/211.29 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£242.5K10/201.3 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£100K07/211.31 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£72.8K01/211.32 mi324b, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QG2
£72.8K01/211.32 mi324b, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QG2
£182K12/221.32 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£173.5K04/211.39 mi5a, Chestnut Road, Birmingham, West Midlands B13 9AJ2
£99K08/221.41 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£220K03/211.42 mi172, Stoney Lane, Balsall Heath, Birmingham, West Midlands B12 8AN2
£244K03/211.44 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£65K11/231.52 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£65K05/221.59 miFlat 26, Lime Court, Showell Green Lane, Sparkhill, Birmingham, West Midlands B11 4JT2
£180K08/211.6 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£290K10/221.61 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£100K12/201.61 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£130K10/201.61 mi6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£60K12/211.62 mi98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£60K02/221.62 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£190K01/231.63 mi6, Salisbury Close, Birmingham, West Midlands B13 8JX2
£110K11/201.63 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2

Local Rents

51 rents from £850/mo to £3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15001/240.01 mi-2
£1,20012/240.01 mi-2
£1,09512/240.01 mi-2
£1,80011/240.02 mi-2
£1,05012/240.03 miRenaissance Court2
£85012/240.03 miKinvara Heights, Rea Place, Digbeth, B122
£90012/240.04 miThe Point, 94-101 Cheapside, Digbeth, Birmingham2
£2,40003/250.04 mi-2
£1,45012/240.05 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.05 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.05 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.05 miFlat 801, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,42512/240.05 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,30012/240.06 miBradford Street, Hairpin House, B122
£99511/240.06 mi-2
£1,10002/250.06 mi-2
£97504/240.06 miAvoca Court, Cheapside, Digbeth, B12 0PR2
£90004/240.06 miAbacus, Irish Quarter2
£1,10012/240.07 miMoseley Gardens, 150 Moseley Street, Digbeth2
£1,20003/250.07 mi-2
£1,50003/250.07 mi-2
£1,25012/240.08 miApex lofts2
£1,15012/240.08 miApex Lofts, Warwick Street, Digbeth, B122
£1,25012/240.08 miApex lofts2
£1,60012/240.08 miApex Lofts2
£1,30012/240.08 miApex lofts, Warwick Street, B122
£1,37512/240.08 miApex lofts2
£1,37512/240.08 miApex Lofts, Warwick Street2
£1,30012/240.08 miApex lofts2
£1,15012/240.08 miApex lofts2
£1,37512/240.08 miApex Lofts, Warwick Street2
£1,40012/240.08 miWarwick Street, Birmingham2
£1,30012/240.08 miApex lofts2
£1,20012/240.08 miWarwick Street, BIRMINGHAM2
£1,35012/240.08 miWarwick Street, BIRMINGHAM2
£1,40012/240.08 miWarwick Street, BIRMINGHAM2
£1,37512/240.08 miApex Lofts, Warwick Street2
£1,25012/240.08 miApex lofts2
£1,37512/240.08 miApex Lofts, Warwick Street2
£1,30012/240.08 miAlcester Street, Birmingham, B122
£1,20012/240.08 miAbacus Building, 196 Alcester Street, B122
£1,20012/240.08 miAbacus Building, 196 Alcester Street, B122
£1,20012/240.08 miAlcester Street, BIRMINGHAM2
£1,10012/240.08 miAbacus Building, Bradford Street, Digbeth, B122
£95012/240.09 miAvoca Court, Moseley Road, Birmingham, B122
£1,40003/250.09 mi-2
£2,80003/240.09 mi-2
£2,80003/240.09 mi-2
£1,25012/240.09 miApex Lofts, Warwick Street, Digbeth, B122
£3,05005/240.09 mi-2
£3,05012/240.09 mi-2

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £165,000

November 1, 2024

Floor Plans

Description

  • OFFERING NO UPWARD CHAIN +

  • PERMIT PARKING AVAILABLE +

  • THRID FLOOR APARTMENT +

  • IDEAL INVESTMENT / FIRST TIME PURCHASE +

  • SPACIOUS TWO BEDROOM APARTMENT +

  • DIGBETH LOCATION - SOUGHT AFTER AREA +

  • CLOSE TO BUS & TRAIN LINKS +

SUMMARY
OFFERING NO UPWARD CHAIN - 3RD FLOOR APARTMENT - PERMIT PARKING - A two bedroom apartment located in Digbeth. Internally the property benefits from two bedrooms, lounge/kitchen and bathroom. This property is close to local schools, transport links such as buses and trains and nearby to City Centre.

DESCRIPTION
This property is an ideal choice for First Time Buyers or investors, it makes the perfect city pad.

Approach  
The property offers a secure communal entrance with lift access to all floors.

Entrance Hall  
Intercom system, storage, laminate flooring, radiator and doors off to:

Open Plan Living  26' 1" x 9' 11" max ( 7.95m x 3.02m max )
This beautiful kitchen comprises of wall and base units, work surfaces over, sink and drainer, cooker point with extractor fan overhead, integrated appliances, washing machine, fridge freezer, partly tiled.

Lounge area has carpet flooring, radiator and sliding patio doors opening into a juliet balcony.

Bedroom One  14' 4" x 10' 10" ( 4.37m x 3.30m )
Having carpet flooring, radiator and two double glazed windows.

Bedroom Two  14' 6" x 6' 6" ( 4.42m x 1.98m )
Having carpet flooring, radiator and double glazed window.

Bathroom  
Contemporary suite of bath with shower overhead, wash hand basin, low level w.c, vanity mirror, wall mounted electric heater and tiled.

Parking 
Permit parking available.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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