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2 Bed Flat, Single Let, Birmingham, B16 9DT, £145,000

Mariner Avenue, Birmingham, B16 9DT - 5 months ago

Leasehold
BTL
ROI: 3%
~53 m²
+1 photos

ValuationOvervalued

Sold Prices£82.5K - £277K
Sold Prices/m²£1.3K/m² - £3.2K/m²

 

 

Square Metres

~53.21 m²
Price/m²£2.7K/m²

Value Estimate

£116,524

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Total Cash In

£44,700

 

 

Cash Out

 

Rent Range

£654 - £2,750

Rent Estimate

£746

Running Costs/mo

£622

Cashflow/mo

£124

Cashflow/yr

£1,484

ROI

3%

Gross Yield

6%

Local Sold Prices

22 sold prices from £82.5K to £277K, average is £154.3K. £1.3K/m² to £3.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£255.5K02/210.39 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£130K10/210.51 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.51 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.51 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.51 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/200.59 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.59 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.59 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.59 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£255K06/210.63 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.63 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£160K03/210.65 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.65 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.65 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£153.5K06/210.68 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£140K07/210.7 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£125K12/210.74 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.74 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.75 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£105K08/220.78 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£220K08/210.83 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£270K11/220.97 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2

Local Rents

50 rents from £654/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£97512/240 mi-2
£1,15003/250.04 mi-2
£65412/240.04 mi30 Mariner Avenue B16 9DL2
£1,04512/240.04 miApartment, 70 Mariner Avenue, B162
£90012/240.04 mi30 Mariner Avenue, Edgbaston, BIRMINGHAM, West Midlands, B162
£99503/250.09 mi-2
£1,05012/240.09 mi-2
£1,40012/240.18 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£95012/240.24 miYork Road, Edgbaston, Birmingham2
£92512/240.26 miYork Road, Edgbaston, Birmingham, B162
£92503/240.26 mi-2
£92503/240.26 mi-2
£1,05012/240.26 miPortland Road, BIRMINGHAM2
£1,59512/240.26 miYork Road, Edgbaston, Birmingham, B16 9JA2
£1,40003/250.28 mi-2
£1,15003/250.29 mi-2
£1,40012/240.3 mi-2
£1,25003/250.31 mi-2
£97512/240.34 miHagley Road, Birmingham, B162
£92503/250.35 mi-2
£90012/240.36 miWheatsheaf Road, Edgbaston2
£2,00002/240.38 mi-2
£1,15012/240.38 miCawdor Crescent, Edgbaston, B162
£1,30012/240.39 miKenilworth Court, Hagley Road, Birmingham, B162
£1,20012/240.43 miLime Court, 206a Hagley Road, Birmingham, B162
£1,15012/240.43 miSt. Augustines Road, Birmingham2
£1,00012/240.43 miBlue Apartments, Broadway 19 Francis Road, Birmingham, B162
£1,25012/240.44 miSt Augustines Court, St Augustines Road, Edgbaston2
£1,14902/240.47 mi-2
£1,20012/240.47 miSpire Court, Manor Road, Edgbaston, B162
£1,07512/240.47 miSpire Court, Manor Road, Edgbaston, Birmingham2
£1,15012/240.48 miHartley Place, Edgbaston, Birmingham, B152
£1,15012/240.48 mi-2
£99502/250.5 mi-2
£1,20002/250.5 mi-2
£99512/240.51 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£92512/240.51 miSaco House, 80 Hagley Road, Edgbaston, Birmingham, B162
£65412/240.51 mi33a, Gillott Road B16 0EU2
£1,05012/240.51 miElmhurst, Norfolk Road2
£92512/240.52 mi80 Hagley Road, Edgbaston, Birmingham2
£1,15003/240.52 mi-2
£1,00012/240.52 mi-2
£95003/250.52 mi-2
£1,15012/240.52 miFlat , Holly Mount, Hagley Road, Birmingham2
£1,19612/240.52 miHagley Road, Birmingham, B162
£90002/250.53 mi-2
£92501/250.53 mi-2
£1,05012/240.54 miHowfield Court, 395 Gillott Road, Edgbaston 2
£1,25012/240.58 miWoodbourne, Augustus Road, Edgbaston2
£2,75012/240.58 mi-2

Links

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.55 miles away

Nearest school

0.10 miles away

Nearest train station

1.12 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £145,000

March 8, 2025

Listed for £149,000

November 12, 2024

Floor Plans

Description

Welcome to this charming two-bedroom apartment located on Mariner Avenue in Birmingham. Situated close to the reservoir, this spacious upper floor property offers a comfortable and modern living space.

Upon entering, you are greeted by a welcoming reception room, perfect for entertaining guests or simply relaxing after a long day. The apartment boasts two generously sized bedrooms, providing ample space for a growing family or those in need of a home office.

The property features a newly fitted kitchen, ideal for whipping up delicious meals and creating lasting memories. The modernised bathroom adds a touch of luxury to this lovely apartment, ensuring your comfort and convenience.

For added peace of mind, the apartment benefits from secure entry, allowing you to feel safe and secure in your new home. Additionally, parking is available, making it easy for you and your guests to come and go as you please.

Don't miss out on the opportunity to make this wonderful apartment your own. Contact us today to arrange a viewing and take the first step towards calling Mariner Avenue home.

Agent Details

LV PROPERTY, Birmingham

0121 387 6449

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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