2 Bed Flat, Single Let, Birmingham, B16 8FP, £160,000

Voyager, 51 Sherborne Street, Birmingham, B16 8FP - 5 views - 3 months ago

Leasehold
BTL
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£90K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£192,272
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£950 - £2,800

Rent Estimate

£1,100

Running Costs/mo

£740

Cashflow/mo

£360

Cashflow/yr

£4,320

ROI

9%

Gross Yield

8%

Local Sold Prices

22 sold prices from £90K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£180K08/210.1 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.14 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.25 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.25 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£182K12/220.38 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£235K07/210.42 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£100K07/210.42 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.47 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K09/210.56 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£500K02/210.6 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.6 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.6 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.6 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£290K10/220.66 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144.5K09/210.78 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£202.5K01/230.89 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.89 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£208K05/210.9 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.9 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£150K02/230.93 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.93 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.93 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.01 miVoyager, 51 Sherbourne Street, Birmingham, B162
£1,15012/240.01 miVoyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP2
£1,12502/250.03 mi-2
£1,12503/250.03 mi-2
£1,15012/240.03 mi40 Ryland Street, B162
£1,15012/240.03 mi40 Ryland Street, B162
£1,45002/240.03 mi-2
£1,10003/240.03 mi-2
£1,20012/240.03 mi-2
£1,47503/250.03 mi-2
£1,20012/240.03 miRyland Street, Birmingham, B162
£2,80002/250.03 mi-2
£1,40012/240.03 mi-2
£1,15012/240.03 miCallisto, Jupiter2
£1,25012/240.03 miCallisto House, Ryland Street, Birmingham City Centre2
£1,20012/240.03 miCallisto, Jupiter2
£1,25012/240.03 miRyland Street, BIRMINGHAM2
£99502/250.03 mi-2
£1,55012/240.04 miSherborne Street, City Centre, Birmingham, B16 8FQ2
£1,20012/240.04 miCallisto Apartments, 38 Ryland Street, Birmingham, B162
£1,49502/240.05 mi-2
£1,15012/240.05 mi36 Ryland Street, Birmingham B16 8DB2
£1,20012/240.05 miRyland Street, Birmingham2
£1,50002/250.05 mi-2
£1,15012/240.05 miSheepcote Street, Birmingham, B162
£1,20012/240.05 miSheepcote Street, Birmingham, B162
£97512/240.06 mi128 Morville Street, Birmingham2
£1,25012/240.06 miFlat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ2
£1,25012/240.06 miFlat C25, Sherborne Place, Marina Place, Birmingham, B162
£1,25003/250.06 mi-2
£1,25002/250.06 mi-2
£1,29012/240.07 mi-2
£1,29012/240.07 mi-2
£1,29012/240.07 mi-2
£1,25001/250.07 mi-2
£1,25001/250.07 mi-2
£1,12512/240.07 mi-2
£1,15003/250.07 mi-2
£1,29012/240.07 mi-2
£1,29012/240.07 mi-2
£1,25001/250.07 mi-2
£1,25001/250.07 mi-2
£1,20012/240.07 miWatermarque, 100 Browning Street2
£1,07512/240.07 miBellcroft, Birmingham, B162
£1,25012/240.07 miBrowning Street, Birmingham, B162
£95012/240.07 miBellcroft, Edgbaston, Birmingham, B162
£1,17512/240.07 miRyland Street, Birmingham, B162
£1,10012/240.07 miRyland Street, Birmingham, Birmingham, B162
£1,20012/240.07 miRyland Street, Birmingham, B162
£1,15012/240.07 miRyland Street, Birmingham, B162

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.84 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £160,000

December 26, 2024

Floor Plans

Description

  • Quote Code: DC0118 +
  • EWS1 APPROVED +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Upper Floor Apartment +
  • Allocated, Secure Gated Parking +
  • No Upward Chain +
  • Juliet Balcony +
  • An Ideal City Living Home +
  • Attractive Buy To Let At 8.2% Gross Yield +

Quote Code: DC0118 Situated on the third floor floor of The Voyager Building and part of the popular Jupiter development, this modern, bright and incredibly spacious apartment offers no upward chain.   The apartment comprises of an entrance hallway with storage cupboard, a spacious open-plan living room with a fitted kitchen which offers a range of integrated appliances such as a dishwasher, washer/dryer, oven and wine cooler, also benefiting from having a dining area and Juliet balcony. There are two double bedrooms with fitted wardrobes and the master benefitting from having an en-suite shower room. In addition, there is also a main bathroom with bath & shower over. The property benefits from UPVC double glazing, electric heating and a secure allocated parking space.  Westside is a hip, affluent district with luxury warehouse apartments, and posh European restaurants lining the canals of the Brindley Place area. Stylish cocktail bars sit alongside nightclubs with live DJ sets, and the Crescent Theatre shows literary plays and musical tribute acts. Utilita Arena stages big-name concerts and sporting events, while indie Ikon Gallery hosts contemporary multimedia art exhibitions.  This excellent apartment is within walking distance to the Broad Street tram stop as well the Five Ways Train Station.  A seriously attractive investment opportunity with a rental generating £1,100 pcm until May 2025, representing a Gross Yield of 8.2%. We have been informed of but not seen evidence of the following:  Service Charge: £2,903 pa approx. Ground Rent: £150 pa approx. Lease: 105 years remaining approx. Service Charge: £2,903.18 Ground Rent: £150 Quote Code: DC0118 Information on Anti-Money Laundering checks: We are required by law to carry out Anti-Money Laundering checks on all individuals who are selling or buying a property. It is our responsibility to ensure that these checks are carried out correctly and monitored continuously. However, our partner, IAmProperty, will conduct the initial checks on our behalf. They will contact you once your offer has been agreed upon and we are in receipt of ID.
These checks incur a non-refundable fee of £30 (inclusive of VAT). The fee covers the collection of relevant data, manual checks, and monitoring. You will need to pay this fee to IAmProperty to complete all Anti-Money Laundering checks before your offer can be formally agreed upon.
EXP will receive a portion of the fee charged by IAmProperty to compensate for our role in providing these checks. Dean Coleman powered by eXp and its Clients give notice that: they have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary Planning, Building Regulation or other consents, and Dean Coleman powered by eXp has not tested any services, equipment, or facilities. Purchasers must satisfy themselves by inspection or otherwise. Dean Coleman powered by eXp is a member of The Property Ombudsman scheme and subscribes to The Property Ombudsman Code of Practice.

Agent Details

eXp UK, West Midlands

03304 609968

Next Steps?

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