3 Bed Flat, Single Let, Birmingham, B12 9NX, £165,000

Jakeman Road, Birmingham, B12 9NX - 4 views - 6 months ago

Leasehold
Auction
BTL
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£40K - £360K
Sold Prices/m²£494/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£198,000
BMV20%

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

£412 - £4,805

Rent Estimate

£623

Running Costs/mo

£660

Cashflow/mo

£-37

Cashflow/yr

£-447

Gross Yield

5%

Local Sold Prices

21 sold prices from £40K to £360K, average is £205K. £494/m² to £4.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£134K12/200.39 mi100, Vincent Street, Birmingham, West Midlands B12 9TX3
£108K11/200.45 miFlat 9, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB3
£240K03/230.53 mi36, Wyatt Close, Birmingham, West Midlands B5 7QR3
£245K09/220.56 mi75, Viceroy Close, Birmingham, West Midlands B5 7UU3
£250K12/220.59 mi61, Viceroy Close, Birmingham, West Midlands B5 7UT3
£360K01/230.65 mi14, Viceroy Close, Birmingham, West Midlands B5 7UR3
£248K03/210.71 mi85b, Moorcroft Road, Birmingham, West Midlands B13 8LS3
£262.5K04/230.71 mi85d, Moorcroft Road, Birmingham, West Midlands B13 8LS3
£100K06/210.78 mi41, Canford Close, Birmingham, West Midlands B12 0YU3
£137.5K05/210.78 mi67, Canford Close, Birmingham, West Midlands B12 0YU3
£225K03/210.8 miFlat 41, Pitmaston Court West, Goodby Road, Birmingham, West Midlands B13 8RJ3
£173K12/220.88 mi19, Hodnet Grove, Birmingham, West Midlands B5 7DG3
£235K05/211.07 mi4, Estria Road, Birmingham, West Midlands B15 2LQ3
£102K03/231.28 miFlat 19, Hampton Court, George Road, Edgbaston, Birmingham, West Midlands B15 1PU3
£205K02/231.38 mi25, Roseland Way, Birmingham, West Midlands B15 1HD3
£170K01/211.38 mi18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD3
£170K01/211.38 mi18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD3
£315K11/221.4 mi7, Westbourne Gardens, Birmingham, West Midlands B15 3TJ3
£190K10/221.7 mi50, Arden Grove, Ladywood, Birmingham, West Midlands B16 8HQ3
£248.5K03/231.88 mi36, Warwards Lane, Birmingham, West Midlands B29 7RB3
£40K02/221.9 mi29, Hubert Croft, Selly Oak, Birmingham, West Midlands B29 6DU3

Local Rents

50 rents from £412/mo to £4.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.04 miHallam Street, BIRMINGHAM3
£1,35003/240.05 mi-3
£1,35004/250.05 mi-3
£1,10012/240.07 miJakeman Rd, Balsall Heath, Birmingham, B12 9NT3
£94512/240.1 miCannon Hill Road, Birmingham, B123
£89505/240.1 mi-3
£41212/240.11 mi91 Cannon Hill Road, Balsall Heath, Birmingham, B12 9NJ3
£89012/240.11 mi-3
£75012/240.15 mi-3
£1,60012/240.18 miParkes Avenue, Belgrave Village, Birmingham3
£1,75012/240.18 miParkes Avenue, Belgrave Village, Birmingham3
£1,85012/240.18 miParkes Avenue, Balsall Heath3
£1,85012/240.18 miParks Avenue, Birmingham, B123
£1,25012/240.19 miCheddar Road, BIRMINGHAM3
£1,60003/240.28 mi-3
£1,70012/240.29 miCaraway Road, Edgbaston3
£2,80003/240.37 mi-3
£1,90012/240.4 miRegent Close, Birmingham, B53
£1,85012/240.42 mi-3
£1,10012/240.45 miElmwood Court, Pershore Road, Birmingham3
£1,50012/240.49 miCley Close, Birmingham, B53
£1,65012/240.5 miVarden Croft, Edgbaston, Birmingham3
£1,95012/240.51 miBelgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.52 miBelgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.52 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,70003/240.52 mi-3
£1,50002/250.52 mi-3
£1,95012/240.52 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,80004/250.52 mi-3
£4,80501/250.52 mi-3
£1,70002/240.52 mi-3
£1,70005/240.52 mi-3
£1,70003/240.52 mi-3
£1,70012/240.52 mi-3
£1,95012/240.52 miBelgrave Middleway, Birmingham, B5 7LH3
£1,70012/240.52 miBird Close, Birmingham, B123
£1,98003/250.53 mi-3
£1,75002/240.53 mi-3
£1,50005/240.53 mi-3
£1,60012/240.53 miVarden Croft, Birmingham, B53
£1,85005/240.54 mi-3
£1,85012/240.54 miBird Close, Birmingham, B123
£1,19512/240.54 mi-3
£1,85004/240.54 mi-3
£3,00012/240.54 mi-3
£3,30002/250.54 mi-3
£1,85004/250.54 mi-3
£1,85012/240.54 miParkes Avenue, Birmingham, B123
£1,85012/240.55 miAVAILABLE IMMEDIATELY! £142.31 Parkes Avenue, B12 9AW. Available on 24 January 20243
£1,85012/240.55 miAVAILABLE IMMEDIATELY! £142.31 PPPW Three Bedroom House in Parkes Avenue, B12 9AW3

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

1.19 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 7, 2024

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • Ground Floor Flat +
  • Three Bredrooms +
  • One Bathroom +
  • Communal Gardens +
  • Leasehold +

SUMMARY
Three bedroom ground floor flat in Balsall Heath on the Moseley border. It has one reception room, one bath room and communal gardens. It is less then half a mile to local shops and amenities and it sits on a number of bus routes in and out of Birmingham City Centre.

DESCRIPTION
Call Connells today to view this spacious ground floor flat situated in the sought after area of Balsall Heath.

The property is walking distance to many local shops and amenities and is only minutes away by bus to Birmingham City Centre. The property is also ideal for national commuters a it is situated in the middle of the M40/M42 Network and the M1 and M6 motorway networks.

Leasehold 104 years remaining Ground Rent £10 PA Service Charge £180 PA

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Entrance Hall 
Side facing door, three storage cupboards, wall mounted radiator, access to gas central heating, doors to

Lounge 15' 8" x 10' 10" MAX narrowing to 9' 4" MIN ( 4.78m x 3.30m MAX narrowing to 2.84m MIN )
Front facing double glazed window, wall mounted radiator, door to

Kitchen 8' 2" x 7' 10" ( 2.49m x 2.39m )
Front facing double glazed window, wall and base units, one and half sink, pantry.

Bedroom 1 13' 10" MAX x 11' 6" MIN narrowing to 10' 4" ( 4.22m MAX x 3.51m MIN narrowing to 3.15m )
Rear facing double glazed window, built in wardrobe, wall mounted radiator.

Bedroom 2 11' 5" MAX x 11' 3" narrowing to 9' 8" MIN ( 3.48m MAX x 3.43m narrowing to 2.95m MIN )
Rear facing double glazed window, built in wardrobe, wall mounted radiator.

Bedroom 3 11' 5" MAX x 75' 5" MAX narrowing to 6' 11" MIN ( 3.48m MAX x 22.99m MAX narrowing to 2.11m MIN )
Rear facing double glazed window, built in wardrobe, wall mounted radiator.

Shower Room 
Front facing double glazed window, shower with mixer shower, low level W.C, hand wash basin, heated towel rail, storage cupboard.

Gardens 
Front and rear lawn area.

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, Kings Heath

0121 387 6255

Next Steps?

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