2 Bed Flat, Single Let, Birmingham, B15 2DX, £180,000

18 Wheeleys Lane, Birmingham, B15 2DX - 5 months ago

Leasehold
BTL
ROI: 5%
58 m²
+2 photos

ValuationOvervalued

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

 

 

Square Metres

58 m²
Price/m²£3.1K/m²

Value Estimate

£127,181

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£995 - £2,885

Rent Estimate

£999

Running Costs/mo

£782

Cashflow/mo

£217

Cashflow/yr

£2,600

ROI

5%

Gross Yield

7%

Local Sold Prices

27 sold prices from £30K to £500K, average is £153.5K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£235K07/210.26 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£500K02/210.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.28 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.28 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K09/210.31 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£144.5K09/210.44 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£182K12/220.53 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£150K02/230.54 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.54 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.54 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£100K07/210.55 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£180K08/210.57 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£90K06/210.58 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£153.5K06/210.62 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.7 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.7 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K12/220.78 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.83 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.83 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.83 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£242.5K10/200.87 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£130K06/210.87 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£55K03/210.92 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.92 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K10/220.93 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144K05/210.95 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2

Local Rents

50 rents from £995/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,19003/240.01 mi-2
£1,19012/240.01 miWheeleys Lane, Birmingham, B152
£1,00012/240.02 miWheeleys Lane, Park Central, B152
£1,20012/240.03 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.03 mi26 Wheeleys Lane, Birmingham, B152
£1,60002/250.03 mi-2
£1,15012/240.04 miBath Row, Birmingham2
£1,20012/240.04 miWheeleys Lane, Birmingham2
£1,25001/250.04 mi-2
£1,25012/240.04 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.04 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.04 mi29 Longleat Avenue, Park Central, B152
£1,10002/240.05 mi-2
£1,27502/240.05 mi-2
£1,05012/240.05 mi-2
£1,20002/250.05 mi-2
£1,50001/250.05 mi-2
£1,20012/240.05 miBradshaw Close, Birmingham, B152
£1,20012/240.05 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£2,16702/240.08 mi-2
£1,09904/250.09 mi-2
£1,09904/250.09 mi-2
£1,10012/240.09 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.09 miLee Bank Middleway, Birmingham City Centre2
£99502/240.09 mi-2
£1,15002/250.09 mi-2
£1,15012/240.09 miLee Bank Middleway, Birmingham, B152
£1,05012/240.09 miLee Bank Middleway, Birmingham, B152
£99512/240.09 miLee Bank Middleway, Birmingham, B152
£99512/240.09 miLee Bank Middleway, Park Central, Birmingham City Centre2
£2,88501/250.1 mi-2
£1,09504/250.1 mi-2
£1,30012/240.11 miCommunication Row, Birmingham, B152
£1,20012/240.11 miCommunication Row, Birmingham, B152
£1,20012/240.11 miArden Gate2
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,50012/240.12 miArden Gate, Communication Row, Birmingham2
£1,05012/240.12 miMasons Way, Birmingham, B152
£1,22512/240.12 miGranville Street, BIRMINGHAM2
£1,30012/240.12 miWilliam Street, Birmingham, B152
£1,30003/240.12 mi-2
£1,25012/240.12 mi-2
£2,75002/240.12 mi-2
£1,30001/240.12 mi-2
£1,40002/240.12 mi-2
£2,50002/240.12 mi-2
£2,49912/240.12 mi-2
£1,59512/240.12 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £180,000

November 12, 2024

Floor Plans

Description

  • Two Bedroom City Centre Apartment +
  • En Suite And Bathroom +
  • Open Plan Kitchen/Living Area +
  • Allocated Parking +
  • Private Balcony +
  • No Chain +
  • Sought After Location +
  • First Time Buyers +

Horton & Senate are pleased to present this spacious two bedroom apartment located in Park Central, the heart of Birmingham City Centre. With two bedrooms, an en suite and bathroom, open plan living and kitchen area, and a private balcony with views over the city centre.

Call us today to book a viewing!

Welcome to this charming apartment, located at 18 Wheeleys Lane in the vibrant city of Birmingham. This delightful property boasts an open plan kitchen/lounge area, perfect for relaxing or entertaining guests. With two bedrooms, there is ample space for guests, or even a home office.

The apartment features a well-maintained bathroom and en suite, ensuring convenience and comfort for the residents. Situated in a bustling area, this property offers easy access to local amenities, shops, and public transport links, making daily life a breeze.

One of the standout features of this apartment is the parking space available for one vehicle. Say goodbye to the hassle of searching for parking after a long day at work - your designated spot will always be ready and waiting for you.

Whether you're a first-time buyer, a small family, or someone looking for a conveniently located property in Birmingham, this apartment in Park Central is sure to tick all the boxes. Don't miss out on the opportunity to make this lovely apartment your new home sweet home.

Entrance Hall
radiator and intercom, storage, boiler.

Kitchen And Living Area
3.78m x 5.33m
Open plan kitchen with a range of wall and base units integrated over and hob with extractor fan over head, sink and drainer. open plan to lounge, carpeted and 2 radiators and doors to balcony.

Bedroom One
2.79m x 4.72m
Double glazed window, central heating radiator, access to the en suite.

En Suite
Walk in shower, WC, wash basin and towel rail.

Bedroom Two
2.87m x 2.54m
Double glazed window, central heating radiator.

Bathroom
Bath with shower over, wash basin, tiled floor and towel rail.

The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
‘Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request’.

Agent Details

Horton & Senate, Shirley

0121 387 6653

Next Steps?

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