2 Bed Flat, Single Let, Birmingham, B15 2GJ, £195,000

The Edg, Springmeadow Road, Birmingham, B15 2GJ - 4 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+16 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£149,240

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£12,350

Total Cash In

£61,100

 

 

Cash Out

 

Rent Range

£950 - £3,575

Rent Estimate

£1,100

Running Costs/mo

£849

Cashflow/mo

£251

Cashflow/yr

£3,008

ROI

5%

Gross Yield

7%

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 
£144.5K09/210.33 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.37 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.37 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.37 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.37 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K12/220.43 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.45 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.45 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.45 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.5 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£242.5K10/200.53 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£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
£144K05/210.57 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£55K03/210.57 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.57 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K09/210.59 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£235K07/210.62 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£99K08/220.69 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£120.2K06/220.69 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£65K11/230.79 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£100K12/200.89 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£110K11/200.9 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£182K12/220.91 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.93 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.94 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£180K08/210.97 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2

Local Rents

50 rents from £950/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.02 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,10012/240.02 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.02 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.02 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,15004/250.05 mi-2
£95012/240.06 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,15012/240.07 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,40012/240.09 miWashington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR2
£1,15012/240.1 miBell Barn Road, Birmingham, B152
£1,15012/240.1 miBell Barn Road, Edgbaston, Birmingham, B152
£1,40002/240.1 mi-2
£1,23002/240.1 mi-2
£1,30003/240.1 mi-2
£1,25003/240.1 mi-2
£1,32503/250.1 mi-2
£1,27512/240.1 miWashington Apartments, Birmingham, B152
£1,25012/240.1 miWashington Apartments, Birmingham, B152
£1,27502/240.1 mi-2
£2,40002/240.1 mi-2
£1,35003/250.1 mi-2
£1,22512/240.11 miBell Barn Road2
£1,35012/240.13 miLincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B152
£1,27012/240.14 miRickman Drive, BIRMINGHAM2
£1,30012/240.14 miRickman Drive, BIRMINGHAM2
£1,30012/240.14 miRickman Drive, BIRMINGHAM2
£1,20012/240.14 miRickman Drive, BIRMINGHAM2
£1,30003/240.14 mi-2
£1,40002/250.15 mi-2
£1,50003/250.15 mi-2
£1,50012/240.15 miRoosevelt Apartments, Birmingham, B152
£1,30002/240.15 mi-2
£1,50012/240.15 mi-2
£1,29512/240.15 mi-2
£1,26012/240.2 miBell Barn Road, BIRMINGHAM2
£1,15012/240.22 mi22 Belgrave Middleway, Birmingham2
£1,30003/240.23 mi-2
£1,30002/240.23 mi-2
£1,30012/240.23 mi-2
£1,30012/240.23 mi-2
£1,35001/250.23 mi-2
£1,30012/240.23 miWaterway House, Birmingham, B52
£1,40012/240.23 mi-2
£1,50001/250.23 mi-2
£1,40012/240.23 mi61 Mason Way, Birmingham City Centre2
£2,55003/240.23 mi-2
£1,55012/240.24 miSt James Church, Edgbaston2
£3,57503/250.24 mi-2
£1,25012/240.25 miAttwood House, Stratford House Road, B5 7EY2
£1,25012/240.25 miAttwood House, Birmingham, B52
£99003/250.25 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 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 £195,000

February 28, 2025

Price changed to £200,000

January 12, 2025

Listed for £205,000

December 11, 2024

Floor Plans

Description

  • Two bedrooms +
  • One bathroom +
  • Allocated parking +
  • Central city location +
  • Excellent transport links +
  • Ideal for living or investment +

Located in The Edg on Springmeadow Road, this two-bedroom, one-bathroom apartment offers convenient and comfortable city living in a prime location. Ideal for first-time buyers, professionals, or investors, the property benefits from a practical layout and includes one allocated parking space—a valuable asset in the city centre. The Edg benefits from being outside of the Clean Air Zone too, avoiding the £8 per day charge for eligible vehicles.

Situated in Birmingham’s vibrant core, the apartment provides easy access to all the city has to offer. Enjoy a wealth of shopping options with the Bullring & Grand Central just a short distance away, as well as the unique independent retailers of the Custard Factory in nearby Digbeth. The area is a hub for food and drink enthusiasts, with an extensive range of restaurants, bars, and cafés catering to every taste.

For those who commute, Birmingham’s excellent transport links include nearby rail stations such as Birmingham New Street, Moor Street, and Snow Hill, as well as extensive bus and tram networks. Cultural highlights like the Birmingham Hippodrome, Symphony Hall, and the iconic Library of Birmingham are all within easy reach, alongside tranquil green spaces like Eastside City Park.

This apartment presents an excellent opportunity to enjoy urban living at the heart of one of the UK’s most dynamic cities.

Agent Details

Azure Residential, Covering Birmingham

0121 269 8491

Next Steps?

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