2 Bed Flat, Single Let, Birmingham, B15 2BG, £240,000

Alfred Knight Way, Birmingham, B15 2BG - 2 views - 4 months ago

Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£149,240

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Rent Range

£990 - £3,575

Rent Estimate

£995

Running Costs/mo

£969

Cashflow/mo

£26

Cashflow/yr

£312

ROI

0%

Gross Yield

5%

Local Sold Prices

26 sold prices from £55K to £500K, average is £147.3K. £724/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.25 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.25 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.25 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.25 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K07/210.36 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144.5K09/210.37 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£290K09/210.37 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£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
£182K12/220.65 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£235K12/220.66 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£100K07/210.67 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.69 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£180K08/210.7 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£65K02/230.7 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.7 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.75 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£153.5K06/210.75 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£55K03/210.8 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.8 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£144K05/210.82 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£125K12/210.84 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.84 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£99K08/220.91 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£120.2K06/220.94 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2

Local Rents

50 rents from £990/mo to £3.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,07512/240 miPark Central,Birmingham,B15 2BG2
£2,37502/250.01 mi-2
£2,15004/250.01 mi-2
£1,35003/240.01 mi-2
£1,35012/240.01 miAlfred Knight Way, Birmingham, B152
£1,20012/240.01 miAlfred Knight Way, Birmingham City Centre2
£1,35012/240.03 mi-2
£1,32512/240.03 mi-2
£1,10001/250.03 mi-2
£1,00012/240.05 miFaraday House, Bell Barn Road, Birmingham, B152
£3,57504/250.07 mi-2
£1,27504/250.07 mi-2
£1,25004/250.07 mi-2
£1,40002/250.07 mi-2
£1,05012/240.07 miMasons Way, Birmingham, B152
£1,25012/240.08 mi-2
£1,30004/250.08 mi-2
£1,26012/240.08 miBell Barn Road, BIRMINGHAM2
£1,10002/240.09 mi-2
£1,27502/240.09 mi-2
£1,05012/240.09 mi-2
£1,20002/250.09 mi-2
£1,25012/240.09 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.09 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.09 mi29 Longleat Avenue, Park Central, B152
£1,25012/240.09 miPark Central2
£1,50001/250.09 mi-2
£1,02512/240.09 miPark Central2
£1,02512/240.09 miCregoe Street, Birmingham2
£1,25012/240.09 miCregoe Street, Park Central, Birmingham, Birmingham2
£1,02512/240.09 miPark Central2
£1,49904/250.1 mi-2
£1,20012/240.1 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£2,16702/240.1 mi-2
£2,55003/240.1 mi-2
£1,40012/240.1 mi61 Mason Way, Birmingham City Centre2
£1,40012/240.1 mi-2
£1,50001/250.1 mi-2
£1,50012/240.1 miBirmingham, Birmingham, B152
£1,50003/240.1 mi-2
£1,40001/250.1 mi-2
£1,20012/240.1 miBradshaw Close, Birmingham, B152
£2,00003/250.1 mi-2
£2,60004/250.1 mi-2
£99003/250.1 mi-2
£1,28512/240.11 miElvetham Road, Birmingham, B152
£1,28503/240.11 mi-2
£1,28512/240.13 miElvetham Road, BIRMINGHAM2
£1,10012/240.13 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,09904/250.13 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.26 miles away

Nearest school

0.10 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £240,000

December 12, 2024

Floor Plans

Description

  • OFFERING NO UPWARD CHAIN +
  • TWO BEDROOM APARTMENT +
  • SPACIOUS THROUGHOUT +
  • CITY VIEWS FROM UPPER FLOOR +
  • CITY CENTRE LOCATION +
  • IDEAL BUY TO LET OR FIRST TIME PURCHASE +
  • WELL PRESENTED THROUGHOUT +
  • BALCONY FROM LOUNGE +

SUMMARY
OFFERING NO UPWARD CHAIN - BALCONY FROM UPPER FLOOR APARTMENT WITH VIEWS - Two spacious bedrooms, lounge, kitchen, bathroom, hallway & well presented throughout. Property is in the City Centre and an ideal first time purchase or buy to let.

DESCRIPTION
OFFERING NO UPWARD CHAIN - UPPER FLOOR APARTMENT WITH VIEWS - Two spacious bedrooms, lounge, kitchen, bathroom, hallway & well presented throughout. Property is in the City Centre and an ideal first time purchase or buy to let.

Property Details  
Secure allocated parking space.

Entrance Hall  
Doors off to:

Kitchen/ Living Area 
Kitchen comprising of a range of wall and base units, sink and drainer oven with hob and extractor fan overhead, open plan to lounge with double doors to Juliet balcony.

Bedroom One 
Bedroom with Juliet balcony

Bedroom Two  
bedroom with radiator and double glazed window.

Bathroom 
Bath with separate shower, w/c, and sink.

Lease details are currently being compiled. For 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?

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