2 Bed Flat, Single Let, Birmingham, B15 2DQ, £245,000

Spring Street, Birmingham, B15 2DQ - 5 months ago

Sold STC
Leasehold
BTL
ROI: 1%
~68 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.6K/m²

Value Estimate

£149,240

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£15,850

Total Cash In

£77,100

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£1,100

Running Costs/mo

£1,006

Cashflow/mo

£94

Cashflow/yr

£1,133

ROI

1%

Gross Yield

5%

Local Sold Prices

28 sold prices from £30K to £500K, average is £144.3K. £724/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.42 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.43 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.43 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.43 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.43 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£150K02/230.45 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.45 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.45 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£130K06/210.47 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£65K02/230.5 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.5 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.5 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£235K12/220.51 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£55K03/210.53 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.53 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K09/210.54 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£235K07/210.59 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£242.5K10/200.61 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£144K05/210.63 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£120.2K06/220.67 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.77 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£65K11/230.87 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£182K12/220.88 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.89 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.9 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K12/200.96 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£180K08/210.97 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£110K11/200.98 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,35003/250.01 mi-2
£2,40002/240.02 mi-2
£1,27502/240.02 mi-2
£1,40002/240.02 mi-2
£1,23002/240.02 mi-2
£1,30003/240.02 mi-2
£1,25003/240.02 mi-2
£1,32503/250.02 mi-2
£1,27512/240.02 miWashington Apartments, Birmingham, B152
£1,25012/240.02 miWashington Apartments, Birmingham, B152
£1,40012/240.02 miWashington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR2
£1,27012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,20012/240.04 miRickman Drive, BIRMINGHAM2
£1,40002/250.05 mi-2
£1,35012/240.05 miLincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B152
£1,15012/240.06 miBell Barn Road, Birmingham, B152
£1,15012/240.06 miBell Barn Road, Edgbaston, Birmingham, B152
£1,50012/240.06 miRoosevelt Apartments, Birmingham, B152
£1,30002/240.06 mi-2
£1,50012/240.06 mi-2
£1,29512/240.06 mi-2
£95012/240.08 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,30012/240.08 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,15004/250.08 mi-2
£1,15012/240.09 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,10012/240.09 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.09 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.09 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,22512/240.1 miBell Barn Road2
£1,15012/240.16 mi22 Belgrave Middleway, Birmingham2
£1,30003/240.17 mi-2
£1,30002/240.17 mi-2
£1,30012/240.17 mi-2
£1,30012/240.17 mi-2
£1,35001/250.17 mi-2
£1,30012/240.17 miWaterway House, Birmingham, B52
£2,20002/240.17 mi-2
£1,10002/240.17 mi-2
£1,50003/250.17 mi-2
£1,20012/240.17 miApartment 15 Rickman Drive, Birmingham2
£1,15012/240.17 miRickman Drive2
£1,15012/240.17 miRickman Drive, Birmingham2
£1,20012/240.17 miRickman Drive, Birmingham, B152
£1,15004/250.18 mi-2
£1,25012/240.18 miAttwood House, Stratford House Road, B5 7EY2
£1,25012/240.18 miAttwood House, Birmingham, B52
£2,40001/250.18 mi-2
£2,90002/250.18 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 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 £245,000

March 12, 2025

Price changed to £250,000

December 29, 2024

Listed for £260,000

November 21, 2024

Floor Plans

Description

  • SPACIOUS TWO BEDROOM APARTMENT +
  • SOUGHT AFTER LOCATION +
  • MODERN APARTMENT IN POPULAR DEVELOPMENT +
  • IDEAL INVESTMENT +
  • IDEAL FIRST TIME PURCHASE +
  • CLOSE TO B5 CENTRAL AND CHINESE QUARTER +
  • BALCONY OFF LOUNGE +
  • SECURE ALLOCATED PARKING INCLUDED +

SUMMARY
BEAUTIFULLY PRESETNED & SEURE PARKING INCLUDED - BALCONY OFF LOUNGE - A MODERN TWO BEDROOM & TWO BATHROOM APARTMENT, LOCATED IN B15 CENTRAL, MOMENTS WALK FROM MANY LOCAL AMENITIES AND TRANSPORT LINKS, PRIME LOCATION, CITY CENTRE LIVING.

DESCRIPTION
Connells is proud to present this beautiful stunning two bedroom and two bathroom apartment located within the B15 central in Birmingham City Centre. This stunning apartment is ideal for any first time buyer or investment buyer with fantastic rental opportunity.

MODERN APARTMENT WITH SECURE ALLOCATED PARKING - This apartment consists of two large bedrooms, the master having its own ensuite and a large family bathroom, the living/dinning and kitchen area is bright and contemporary with large windows looking out of Birmingham, There is a large balcony accessed from the living room.

Details 
Accommodation
Communal area, lifts and stairs leading to the apartment.

Entrance Hall
Ceiling light point, telephone entry system, doors leading to living/diner, kitchen, bedrooms and bathroom. Door to storage cupboard with free standing Bosch washer/dryer.

Living/ Dining 16' 8" x 11' 10" ( 5.08m x 3.61m )
Dual aspect double glazed windows, USB sockets, ceiling light points, wall mounted electric heater and door leading to balcony

Kitchen 8' 10" x 5' ( 2.69m x 1.52m )
Manhattan designer kitchen units in porcelain white with brushed nickel handles, Stainless steel 1½ bowl sink with Hansgrohe single lever mixer tap.
Fully integrated Bosch appliances to include: Fan assisted electric oven. Recirculating extractor hood. Four ring ceramic hob. Fridge freezer. and dishwasher. Range of high gloss wall and floor mounted units.

Master Bedroom 9' 6" x 15' ( 2.90m x 4.57m )
Double glazed window, electric panel heater ,mirrored door fitted built in wardrobe. and door leading to en-suite

En-Suite
Folding curved glass bath screen with silver frame and Hansgrohe thermostatic bath/shower mixer for wall mounted hand shower. chrome plated heated towel rail, shaver socket, low level WC and wash hand basin.

Second Bedroom 9' 6" x 13' ( 2.90m x 3.96m )
Double glazed window, electric panel heater and mirrored door fitted built in wardrobe.

Bathroom
White bathroom suite with shower tray, low level level WC, wash hand basin, chrome plated heated towel rail, shaver socket and partly tiled walls.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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