2 Bed Flat, Single Let, Birmingham, B18 6PD, £239,950

90 Warstone Lane, Birmingham, B18 6PD - 1 views - 5 months ago

BTL
ROI: 2%
61 m²
+8 photos

ValuationOvervalued

Sold Prices£55K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

61 m²
Price/m²£3.9K/m²

Value Estimate

£124,408

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£13,198

Total Cash In

£73,185

 

 

Cash Out

 

Rent Range

£1,000 - £3,199

Rent Estimate

£1,150

Running Costs/mo

£1,000

Cashflow/mo

£150

Cashflow/yr

£1,802

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £55K to £500K, average is £151.8K. £724/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£290K10/220.07 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£208K05/210.23 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.23 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£202.5K01/230.23 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.36 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£90K06/210.44 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K07/210.45 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/220.47 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£125K12/210.51 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.51 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.61 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.65 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£80K07/220.69 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£82K05/210.73 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£82K05/210.76 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£235K07/210.76 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.82 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£105K08/221.02 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£150K02/231.14 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/211.14 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/221.14 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£500K02/211.22 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/211.22 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.22 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/221.22 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/211.4 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£255.5K02/211.56 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£140K07/211.59 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£103K02/221.62 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/221.62 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/211.62 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£130K10/211.67 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.67 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.67 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/211.68 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£220K08/211.74 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£60K12/211.76 mi98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£60K02/221.76 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£167K11/201.76 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.76 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.76 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.76 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£130K06/211.76 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£55K03/211.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/211.76 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£255K06/211.77 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.77 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£235K12/221.77 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£68K03/221.81 mi80, Townley Gardens, Birmingham, West Midlands B6 6LR2
£120K11/201.82 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2

Local Rents

50 rents from £1K/mo to £3.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10003/250.02 mi-2
£2,30012/240.02 mi-2
£2,30012/240.02 mi-2
£2,30012/240.02 mi-2
£1,10004/250.02 mi-2
£1,10012/240.02 miWarstone Lane, Birmingham, B182
£1,50012/240.02 miTenby Heights, Tenby Street North, Birmingham2
£1,50012/240.02 miTenby Heights, Tenby Street North, Jewellery Quarter, B12
£1,50012/240.02 miTenby Street North, BIRMINGHAM2
£1,20012/240.02 miTenby Street North, BIRMINGHAM2
£1,20012/240.02 miMetalworks Apartments, 93 Warstone Lane, Jewellery Quarter2
£1,10012/240.03 miMetalworks Apartments, 90 Warstone Lane, Birmingham, West Midlands, B182
£1,40001/250.03 mi-2
£1,20001/250.03 mi-2
£1,15012/240.03 miWarstone Lane, Birmingham, B182
£1,05012/240.04 miSt Georges, Carver Street, Jewellery Quarter, B12
£1,35012/240.04 mi-2
£1,15012/240.04 mi83-86 Carver Street, Birmingham2
£1,20012/240.04 miCarver House, 30 Carver Street, Birmingham, West Midlands, B12
£1,20012/240.04 miMetalworks, Jewellery Quarter2
£1,25002/250.04 mi-2
£3,19902/250.04 mi-2
£1,25012/240.04 miDayus House, Tenby Street South, Jewellery Quarter, B12
£2,80012/240.05 mi-2
£1,35002/250.05 mi-2
£1,30003/250.05 mi-2
£1,15012/240.05 miBoxworks, 35 Tenby Street North2
£1,10012/240.05 miwarstone lane, 51, birmingham, West Midlands2
£1,05012/240.05 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.05 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,20012/240.06 miSt Georges, Carver Street, Jewellery Quarter, B12
£1,15012/240.06 miLion Court, 100 Warstone Lane, Jewellery Quarter2
£1,10012/240.06 mi, Metalworks Apartments, 91 Warstone Lane, Birmingham, West Midlands2
£1,20012/240.06 miMetalworks, Jewellery Quarter2
£1,20012/240.06 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£2,25002/240.06 mi-2
£1,95012/240.06 mi-2
£1,17512/240.07 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,10012/240.07 miAmazon Lofts, 9 Tenby Street, B1 3AJ2
£1,00012/240.07 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.07 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,25012/240.07 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,19903/240.07 mi-2
£1,19904/250.07 mi-2
£1,19912/240.07 miLion Court, Birmingham, B182
£1,15004/250.07 mi-2
£1,20012/240.07 miWexler Lofts, Carver Street, Jewellery Quarter2
£1,10012/240.07 miApartment 118, Buttonbox, 116 Warstone Lane, Birmingham, West Midlands2
£1,15012/240.08 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.08 miCamden House, Pope Street, Jewellery Quarter, B12

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.11 miles away

Nearest school

0.10 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £239,950

November 19, 2024

Floor Plans

Description

Experience modern living in this exceptional two-bedroom apartment situated in the prestigious Metalworks development in the Jewellery Quarter. The property features a welcoming entrance hallway, an open-plan living area with a fitted kitchen equipped with integrated appliances, two spacious double bedrooms, and a stylish Porcelanosa bathroom. Located in a secure, gated community with communal gardens, this apartment is at the heart of the highly sought-after Jewellery Quarter in Birmingham. This excellent investment opportunity is offered with a sitting tenant, no upward chain, and includes one allocated parking space. Entrance Hallway The inviting hallway offers practical storage, a wall-mounted electric heater, wood-grain effect flooring, and access to all rooms. Open Plan Living/Kitchen
This L-shaped, open-plan space boasts side windows and ample room for lounge furniture. The kitchen area features matching wall and base units, a built-in cooker with a hob, splashback, extractor hood, integrated appliances (fridge, freezer, washer dryer, dishwasher), a one-and-a-half bowl sink with drainer and mixer tap, a wall-mounted electric heater, and wood-grain effect flooring. Bedroom One The dual-aspect master bedroom includes windows on the front and side, ample space for a double bed and free-standing furniture, and a wall-mounted electric heater. Bedroom Two The second double bedroom has a front-facing window and a wall-mounted electric heater. Family Bathroom This elegant Porcelanosa bathroom suite includes a panel bath, a shower cubicle, a vanity unit with a wash hand basin, a WC, a heated towel rail, a wall mirror, and tiles in splash-prone areas. Communal Areas The well-maintained communal areas within the main building feature modern décor throughout. Both lifts and stairs provide access to upper floors. Tenancy Currently let for £1,150 per calendar month, the tenant occupies the property on a standard AST, set to become periodic in 2025, presenting a gross yield of 6% Tenure
The current owner advises that approximately 985 years remain on the lease. Verification with your legal representative is recommended EPC Rating: C Council Tax Band: D

Agent Details

Quantrills, Sutton Coldfield

0121 387 6534

Next Steps?

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