2 Bed Flat, Single Let, Birmingham, B15 2DG, £178,000

58 Bath Row, Birmingham, B15 2DG - 5 months ago

Leasehold
BTL
ROI: 6%
19 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

19 m²
Price/m²£9.4K/m²

Value Estimate

£41,663

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,500

Stamp Duty & Legal Fees

£10,100

Total Cash In

£54,600

 

 

Cash Out

 

Rent Range

£1,000 - £3,000

Rent Estimate

£1,050

Running Costs/mo

£786

Cashflow/mo

£264

Cashflow/yr

£3,165

ROI

6%

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 
£235K07/210.23 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.27 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£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
£144.5K09/210.48 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£150K02/230.5 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.5 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.5 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£182K12/220.51 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.53 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.55 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£180K08/210.58 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.63 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.71 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.71 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K12/220.8 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.84 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.84 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.84 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.86 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£242.5K10/200.89 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£55K03/210.9 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.9 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K10/220.91 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144K05/210.97 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2

Local Rents

51 rents from £1K/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25001/250.01 mi-2
£1,20012/240.01 miWheeleys Lane, Birmingham2
£1,15012/240.01 miBath Row, Birmingham2
£1,19003/240.04 mi-2
£1,19012/240.04 miWheeleys Lane, Birmingham, B152
£1,20012/240.05 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,10012/240.05 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,50001/250.05 mi-2
£2,16702/240.06 mi-2
£1,10002/240.06 mi-2
£1,27502/240.06 mi-2
£1,05012/240.06 mi-2
£1,20002/250.06 mi-2
£1,25012/240.07 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.07 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.07 mi29 Longleat Avenue, Park Central, B152
£1,00012/240.07 miWheeleys Lane, Park Central, B152
£1,20012/240.07 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.07 mi26 Wheeleys Lane, Birmingham, B152
£1,22512/240.07 miGranville Street, BIRMINGHAM2
£1,60002/250.07 mi-2
£1,40002/240.08 mi-2
£2,75002/240.08 mi-2
£1,30001/240.08 mi-2
£2,50002/240.08 mi-2
£2,49901/250.08 mi-2
£1,59512/240.08 mi-2
£2,49912/240.08 mi-2
£1,28003/250.08 mi-2
£1,22512/240.08 miSkyline, Granville Street, Birmingham, B12
£1,30012/240.08 miGranville Street, BIRMINGHAM2
£1,20012/240.09 miBradshaw Close, Birmingham, B152
£1,05012/240.1 miMasons Way, Birmingham, B152
£1,25012/240.1 mi-2
£1,09503/250.11 mi-2
£2,88501/250.11 mi-2
£1,20012/240.11 miGranville Street, BIRMINGHAM2
£1,20012/240.11 miSkyline2
£1,20012/240.11 miArden Gate2
£1,20012/240.11 miCommunication Row, Birmingham, B152
£1,20002/240.11 mi-2
£1,20002/240.11 mi-2
£1,20012/240.11 miSkyline, Birmingham, B12
£1,19902/240.11 mi-2
£2,35902/240.11 mi-2
£3,00002/240.11 mi-2
£1,35002/240.11 mi-2
£1,35005/240.11 mi-2
£1,45001/250.11 mi-2
£1,30003/250.11 mi-2
£1,05012/240.11 miSkyline, 165 Granville Street, Birmingham, B12

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 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 £178,000

February 28, 2025

Price changed to £185,000

January 27, 2025

Price changed to £200,000

December 13, 2024

Listed for £210,000

November 15, 2024

Description

  • Great Investment Opportunity / Perfect First Home!! +
  • Spacious ground floor two double bedroom apartment in the popular Park Central development +
  • Large open plan living room / dining area with carpet +
  • Modern white kitchen with integrated appliances +
  • Two large double bedrooms, two modern bathroom suites +
  • Access to own on-street private patio +
  • One allocated parking space +
  • Short walk to Birmingham City Centre and Birmingham New Street station +
  • 129 years remaining of 150 lease +

Great Investment Opportunity / Ideal First Home!!

Brick are delighted to offer to the market this impressive ground floor two double bedroom apartment, located in the popular Park Central development.

The property benefits from a long hallway with ample storage leading to a large open plan living / dining area with access to its own private patio, modern white kitchen with integrated appliances, master bedroom with en-suite bathroom, second double bedroom and a further family sized bathroom.

With neutral decoration throughout, the property also comes with a secure allocated parking space.

Bath Row just a short walk from Birmingham City Centre and Birmingham New Street station.

129 years remaining of the 150 lease.

Agent Details

Brick Management and Lettings, Hampshire

020 3871 3150

Next Steps?

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