2 Bed House, Single Let, Birmingham, B15 2DX, £230,000

Wheeleys Lane, Birmingham, B15 2DX - 3 views - 3 months ago

BTL
ROI: 1%
~68 m²
+16 photos

ValuationFair Value

Sold Prices£112.5K - £525K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£228,078

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£995 - £2,885

Rent Estimate

£999

Running Costs/mo

£939

Cashflow/mo

£60

Cashflow/yr

£725

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £112.5K to £525K, average is £207.5K. £1.1K/m² to £4.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£192.5K05/220.19 mi56, Roseland Way, Birmingham, West Midlands B15 1HD2
£310K12/220.32 mi3, St Catherines Close, Birmingham, West Midlands B15 2FE2
£245K12/210.32 mi36, St Catherines Close, Birmingham, West Midlands B15 2FE2
£305K09/210.32 mi68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£305K09/210.35 mi68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£370K01/220.35 mi69, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£165K06/210.77 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£165K06/220.77 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£195K02/220.84 mi9, Hay Park, Birmingham, West Midlands B5 7LT2
£120K04/230.84 mi38, St Marks Crescent, Birmingham, West Midlands B1 2PX2
£260K08/220.85 mi9, Aboyne Close, Edgbaston, Birmingham, West Midlands B5 7PQ2
£205K04/220.85 mi50, Princess Road, Birmingham, West Midlands B5 7PU2
£130K06/210.87 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£220K11/200.97 mi2, Bordesley Street, Birmingham, West Midlands B5 5PG2
£182.5K02/230.97 mi10, Clark Street, Birmingham, West Midlands B16 9ES2
£235K02/230.99 mi6, Wyndham Road, Birmingham, West Midlands B16 9RJ2
£225K04/230.99 mi22, Wyndham Road, Birmingham, West Midlands B16 9RJ2
£235K01/230.99 mi16, Wyndham Road, Birmingham, West Midlands B16 9RJ2
£146.3K09/211.03 mi42, Osler Street, Birmingham, West Midlands B16 9EU2
£170K08/221.05 mi31, Alpha Close, Birmingham, West Midlands B12 9HF2
£165K02/211.15 mi18, Mary Street, Balsall Heath, Birmingham, West Midlands B12 9ST2
£190K06/221.16 mi43, Balfour Street, Birmingham, West Midlands B12 9SY2
£155K06/221.17 mi31, Gosford Street, Balsall Heath, Birmingham, West Midlands B12 9ER2
£232K06/211.17 mi20, Vernon Court, Edgbaston, Birmingham, West Midlands B16 9SN2
£210K06/221.24 mi77, Jakeman Road, Birmingham, West Midlands B12 9NU2
£215K10/201.27 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£215K10/201.27 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£225K08/221.27 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£255K06/231.27 mi40, East Drive, Birmingham, West Midlands B5 7RX2
£146K09/211.29 mi2, Summerfield Crescent, Birmingham, West Midlands B16 0EL2
£138K12/201.35 mi12, Emily Gardens, Birmingham, West Midlands B16 0ED2
£112.5K11/221.37 mi135, Kyrwicks Lane, Sparkbrook, Birmingham, West Midlands B11 1SS2
£152.5K01/211.47 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£152.5K01/211.47 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£205K10/221.55 mi44, Whitmore Street, Birmingham, West Midlands B18 5BP2
£145K01/231.55 mi37, Whitmore Street, Birmingham, West Midlands B18 5BP2
£525K06/211.55 mi3, Moorland Road, Birmingham, West Midlands B16 9JP2
£290K12/211.58 mi17, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£400K04/221.58 mi27, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£345K04/221.58 mi15, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX2
£141K03/221.61 mi28, Cuthbert Road, Birmingham, West Midlands B18 4AG2
£142.5K05/221.61 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£120K09/221.63 mi1, Stockdale Place, Birmingham, West Midlands B15 3XH2
£175K03/221.63 mi23, Stockdale Place, Birmingham, West Midlands B15 3XH2
£288.5K05/211.64 mi32, Riverside Drive, Selly Park, Birmingham, West Midlands B29 7ES2
£273K06/211.65 mi15, North Road, Harborne, Birmingham, West Midlands B17 9PA2
£250K06/211.66 mi22, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£306K11/201.67 mi126, Park Hill Road, Harborne, Birmingham, West Midlands B17 9HD2
£350K04/231.68 mi64, Gordon Road, Harborne, Birmingham, West Midlands B17 9HB2
£128K06/211.69 mi72, Norman Street, Birmingham, West Midlands B18 7ER2

Local Rents

50 rents from £995/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,19003/240.01 mi-2
£1,19012/240.01 miWheeleys Lane, Birmingham, B152
£1,00012/240.03 miWheeleys Lane, Park Central, B152
£1,20012/240.03 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.03 mi26 Wheeleys Lane, Birmingham, B152
£1,60002/250.03 mi-2
£1,15012/240.03 miBath Row, Birmingham2
£1,20012/240.04 miWheeleys Lane, Birmingham2
£1,25001/250.04 mi-2
£1,25012/240.04 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.04 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.04 mi29 Longleat Avenue, Park Central, B152
£1,10002/240.05 mi-2
£1,27502/240.05 mi-2
£1,05012/240.05 mi-2
£1,20002/250.05 mi-2
£1,50001/250.05 mi-2
£1,20012/240.05 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,20012/240.05 miBradshaw Close, Birmingham, B152
£2,16702/240.08 mi-2
£1,09904/250.09 mi-2
£1,09904/250.09 mi-2
£1,10012/240.09 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.09 miLee Bank Middleway, Birmingham City Centre2
£99502/240.09 mi-2
£1,15002/250.09 mi-2
£1,15012/240.09 miLee Bank Middleway, Birmingham, B152
£1,05012/240.09 miLee Bank Middleway, Birmingham, B152
£99512/240.09 miLee Bank Middleway, Birmingham, B152
£99512/240.09 miLee Bank Middleway, Park Central, Birmingham City Centre2
£2,88501/250.1 mi-2
£1,09504/250.1 mi-2
£1,30012/240.11 miCommunication Row, Birmingham, B152
£1,20012/240.11 miCommunication Row, Birmingham, B152
£1,20012/240.11 miArden Gate2
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,22512/240.11 miGranville Street, BIRMINGHAM2
£1,50012/240.12 miArden Gate, Communication Row, Birmingham2
£1,05012/240.12 miMasons Way, Birmingham, B152
£1,25012/240.12 mi-2
£1,30012/240.12 miWilliam Street, Birmingham, B152
£1,30003/240.12 mi-2
£2,75002/240.12 mi-2
£1,30001/240.12 mi-2
£1,40002/240.12 mi-2
£2,50002/240.12 mi-2
£2,49912/240.12 mi-2
£1,59512/240.12 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.37 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £230,000

January 2, 2025

Description

Nestled on the charming Wheeleys Lane in Birmingham, this delightful two-bedroom house offers a perfect blend of modern living and comfort. Built in 2005, the property spans an impressive 743 square feet, providing ample space for both relaxation and entertaining.

As you enter, you are greeted by a warm and inviting atmosphere, enhanced by contemporary finishes throughout. The well-designed layout features two spacious bedrooms, ideal for families, couples, or individuals seeking a peaceful retreat. Each bedroom is thoughtfully positioned to ensure privacy and tranquillity, while the two bathrooms add convenience and ease to daily routines.

The heart of the home is a bright and airy living area, perfect for unwinding after a long day or hosting friends and family. The open-plan design allows for seamless flow between the living space and the kitchen, which is equipped with modern appliances and ample storage, making it a joy to cook and entertain.

Outside, the property benefits from a modest garden area, providing a lovely spot for outdoor relaxation or gardening enthusiasts. The location on Wheeleys Lane offers easy access to local amenities, schools, and transport links, making it an ideal choice for those looking to enjoy the vibrant lifestyle that Birmingham has to offer.

This house is not just a property; it is a place to call home. With its modern features, convenient layout, and prime location, it presents an excellent opportunity for anyone looking to settle in this thriving city. Don’t miss the chance to make this charming house your own.

Agent Details

LV PROPERTY, Birmingham

0121 387 6449

Next Steps?

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