2 Bed Flat, Single Let, Birmingham, B15 2LH, £170,000

Warwick Crest, Arthur Road, Edgbaston, B15 2LH - 5 views - 5 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£30K - £500K
Sold Prices/m²£1.6K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£152,663

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£895 - £2,375

Rent Estimate

£913

Running Costs/mo

£734

Cashflow/mo

£179

Cashflow/yr

£2,150

ROI

4%

Gross Yield

6%

Local Sold Prices

32 sold prices from £30K to £500K, average is £166K. £1.6K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.17 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.31 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.31 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.31 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.31 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K12/220.44 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£242.5K10/200.47 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£65K02/230.57 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.57 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.57 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£99K08/220.59 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£144K05/210.62 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£65K11/230.63 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£110K11/200.7 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£100K12/200.7 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£130K10/200.7 mi6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£235K07/210.84 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£220K08/210.84 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£175K02/210.88 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.88 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.88 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£290K09/210.89 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£145K10/200.9 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.9 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.9 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£130K06/210.9 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£255K10/220.95 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£180K08/210.95 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.96 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£150K02/230.99 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.99 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.99 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2

Local Rents

51 rents from £895/mo to £2.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240 miWarwick Crest, Edgbaston2
£1,20002/250 mi-2
£1,20012/240.01 miWarwick Crest, Arthur Road, Edgbaston, Birmingham, B152
£1,25003/240.03 mi-2
£1,25003/240.03 mi-2
£95003/240.15 mi-2
£1,00002/240.15 mi-2
£1,10002/240.17 mi-2
£1,10012/240.25 miWoodbourne, Augustus Rd, Edgbaston b15 3PJ2
£1,55012/240.28 miSt James Church, Edgbaston2
£89512/240.34 miEden Croft, Wheeleys Road, Edgbaston, B15 2LW2
£90012/240.34 miEdencroft, Wheeleys Road, Edgbaston, B152
£1,12612/240.35 miWheeleys Road, Birmingham2
£1,05001/250.35 mi-2
£1,30003/240.35 mi-2
£1,28512/240.4 miElvetham Road, BIRMINGHAM2
£1,28503/240.43 mi-2
£1,28512/240.43 miElvetham Road, Birmingham, B152
£99003/250.43 mi-2
£1,35002/250.44 mi-2
£1,20012/240.46 miWheeleys Road, Birmingham2
£1,10012/240.49 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.49 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.49 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,00012/240.5 miFaraday House, Bell Barn Road, Birmingham, B152
£99512/240.5 miLee Bank Middleway, Park Central, Birmingham City Centre2
£99502/240.5 mi-2
£1,15012/240.5 miLee Bank Middleway, Birmingham, B152
£1,05012/240.5 miLee Bank Middleway, Birmingham, B152
£99512/240.5 miLee Bank Middleway, Birmingham, B152
£1,15002/250.5 mi-2
£1,10012/240.5 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.5 miLee Bank Middleway, Birmingham City Centre2
£1,30012/240.5 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,55012/240.52 miBroad Street, Birmingham2
£1,40012/240.52 miBroad Street2
£1,40012/240.52 miBroad Street2
£1,60012/240.52 miSt Martins Place, Broad Street, Birmingham2
£1,20003/250.53 mi-2
£1,07512/240.53 miPark Central,Birmingham,B15 2BG2
£1,60012/240.53 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,40012/240.53 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,22512/240.54 miBell Barn Road2
£2,37502/250.54 mi-2
£2,15003/250.54 mi-2
£1,20012/240.54 miBradshaw Close, Birmingham, B152
£95012/240.54 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,26012/240.54 miBell Barn Road, BIRMINGHAM2
£1,15012/240.54 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,35012/240.54 miBroad Street, Birmingham, B152
£1,35012/240.54 miBroad Street, Birmingham, B152

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.49 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £170,000

November 8, 2024

Floor Plans

Description

  • No chain +
  • Ideal for first time buyers and investors +
  • Two double bedrooms +
  • Two balconies +
  • Close to local amenities +
  • Electric heating +
  • Double glazed +
  • 13th floor +
  • Off road parking +

This two bedroom apartment, located on the 13th floor in the sought-after area of Edgbaston, offers stunning views and a spacious living environment. Situated in a well-maintained building, the property comprises of a separate kitchen which has cupboard space for all your condiments, pots and pans and has ample worktop space. It offers a practical layout for everyday cooking. Both bedrooms are generously sized, offering plenty of space for furniture and storage. Large windows provide natural light and sweeping views of the surrounding area, creating a bright and airy atmosphere. The lounge is the heart of the apartment, offering plenty of room for relaxation or entertaining. The large windows allow for an abundance of natural light and picturesque views, enhancing the overall feel of the space. There are two balconies which are perfect for relaxing in the summer months. The family bathroom is well-appointed with a bath, overhead shower, toilet, and basin. If you are worried about parking, don't be as there is ample un-allocated off road parking available.

This flat is ideal for those looking for a well-positioned, modern property with excellent access to local amenities, transport links, and green spaces, all within the desirable Edgbaston area. The 13th-floor location offers both privacy and panoramic views, making it a truly appealing property.

ROOM SIZES:
Hallway
Kitchen: 13' 0" x 6' 3" (3.96m x 1.91m)
Lounge/Diner:: 16' 1" x 11' 5" (4.9m x 3.48m)
Two Balconies
Bedroom One:13' 0" x 9' 0" (3.96m x 2.74m)
Bedroom Two: 10' 0" x 9' 0" (3.05m x 2.74m)
Bathroom

OUTSIDE:
Off Road Parking
Communal Gardens

LEASEHOLD INFORMATION:
Lease Length - 144 Years from 2005
Service Charge - £2,593 pa
Ground Rent - Zero

Lease details have been provided by the seller and their accuracy cannot be guaranteed as we have been unable to verify them by means of current documentation. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

Agent Details

Martin & Co, Harborne

0121 387 6333

Next Steps?

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