2 Bed Flat, Single Let, Birmingham, B15 2EE, £190,000

Mason Way, Park Central, B15 2EE - 5 months ago

Leasehold
BTL
ROI: 4%
~69 m²
+3 photos

ValuationOvervalued

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

 

 

Square Metres

~69.40 m²
Price/m²£2.7K/m²

Value Estimate

£152,065

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Total Cash In

£59,500

 

 

Cash Out

 

Rent Range

£1,000 - £3,575

Rent Estimate

£1,025

Running Costs/mo

£819

Cashflow/mo

£206

Cashflow/yr

£2,475

ROI

4%

Gross Yield

6%

Local Sold Prices

28 sold prices from £30K to £500K, average is £147.3K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.32 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.32 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.32 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.32 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K09/210.33 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£235K07/210.35 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144.5K09/210.42 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£150K02/230.44 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.44 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.44 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£182K12/220.63 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.65 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.67 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£235K12/220.69 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.72 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.72 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.72 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.72 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£180K08/210.72 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£55K03/210.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£153.5K06/210.77 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£242.5K10/200.78 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£144K05/210.84 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£125K12/210.85 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.85 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£120.2K06/220.92 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.94 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2

Local Rents

50 rents from £1K/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,27504/250.01 mi-2
£1,25003/250.01 mi-2
£1,40002/250.02 mi-2
£3,57503/250.03 mi-2
£1,02512/240.03 miPark Central2
£1,02512/240.03 miCregoe Street, Birmingham2
£1,25012/240.03 miCregoe Street, Park Central, Birmingham, Birmingham2
£1,02512/240.03 miPark Central2
£1,25012/240.04 miPark Central2
£1,32512/240.04 mi-2
£1,10001/250.04 mi-2
£1,35012/240.04 mi-2
£1,50012/240.04 miBirmingham, Birmingham, B152
£1,50003/240.04 mi-2
£1,40001/250.04 mi-2
£2,00003/250.04 mi-2
£2,60004/250.04 mi-2
£1,05012/240.05 miMasons Way, Birmingham, B152
£1,25012/240.05 mi-2
£1,20012/240.05 miAlfred Knight Way, Birmingham City Centre2
£1,35003/240.05 mi-2
£1,35012/240.05 miAlfred Knight Way, Birmingham, B152
£2,55003/240.05 mi-2
£2,37502/250.05 mi-2
£2,15003/250.05 mi-2
£1,40012/240.05 mi61 Mason Way, Birmingham City Centre2
£1,40012/240.06 mi-2
£1,50001/250.06 mi-2
£1,07512/240.06 miPark Central,Birmingham,B15 2BG2
£1,26012/240.07 miBell Barn Road, BIRMINGHAM2
£2,16702/240.09 mi-2
£1,50001/250.1 mi-2
£1,20012/240.11 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,00012/240.11 miFaraday House, Bell Barn Road, Birmingham, B152
£1,10002/240.11 mi-2
£1,27502/240.11 mi-2
£1,05012/240.11 mi-2
£1,20002/250.11 mi-2
£1,25012/240.12 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.12 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.12 mi29 Longleat Avenue, Park Central, B152
£1,22512/240.14 miGranville Street, BIRMINGHAM2
£1,20012/240.14 miBradshaw Close, Birmingham, B152
£1,25001/250.14 mi-2
£2,75002/240.14 mi-2
£1,30001/240.14 mi-2
£1,40002/240.14 mi-2
£2,50002/240.14 mi-2
£2,49912/240.14 mi-2
£1,59512/240.14 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.22 miles away

Nearest school

0.10 miles away

Nearest train station

0.27 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £190,000

April 5, 2025

Listed for £200,000

November 15, 2024

Floor Plans

Description

  • No Chain +
  • Ideal For First Time Buyers Or Investors +
  • Walking Distance To New Street Station & City Centre +
  • Allocated Parking +
  • Balcony +
  • Lovely Views Over Park Central +
  • Large Open Plan Lounge/Kitchen +

We are confident that everything about this apartment will appeal to first time buyers and investors alike. This is the perfect spot for those of you that enjoy peace and quiet yet do not wish to be far away from the action. You would never guess that the hustle and bustle of the City Centre with its array of shops, bars and restaurants are within such easy reach. For commuters, New Street Station is close by.

The apartment itself is in immaculate condition and is ready for the new buyers to simply pick their bags up and move straight in. The open plan living area with kitchen creates a very sociable room for entertaining. There's even a balcony where you can sit with a glass of wine on a warm summers evening. The bedrooms will not disappoint as they are both good sized doubles. The bathroom has a tub which will allow for a relaxing soak in the evening with a shower cubicle for when you need to "get up and go" in the morning. The apartment also comes with allocated parking.

ROOM SIZES:
Hallway
Store
Open Plan Lounge/Kitchen: 26' 5" x 11' 7" (8.05m x 3.53m)
Bedroom One: 14' 0" x 13' 2" (4.27m x 4.01m)
Bedroom Two: 11' 1" x 10' 5" (3.38m x 3.18m)
Bathroom: 13' 2" x 6' 2" (4.01m x 1.88m)

OUTSIDE
Balcony
Allocated Parking

LEASEHOLD INFORMATION:
Lease Length: 150 years from April 2003
Service Charge: £4,495 pa
Ground Rent: £100 pa

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, Birmingham City

0121 387 6612

Next Steps?

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