2 Bed Flat, Single Let, Birmingham, B17 9BS, £165,000

Lordswood Road, Harborne, Birmingham, B17 9BS - 4 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£56.5K - £277K
Sold Prices/m²£1.7K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£180,294
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Total Cash In

£50,700

 

 

Cash Out

 

Rent Range

£900 - £1,800

Rent Estimate

£950

Running Costs/mo

£726

Cashflow/mo

£224

Cashflow/yr

£2,693

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £56.5K to £277K, average is £144.9K. £1.7K/m² to £4.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£196K09/210.28 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£215K03/210.31 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.31 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.31 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£82K08/220.44 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£80K05/230.45 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.45 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£268K08/220.46 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£157K02/230.5 mi43, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£142.3K06/210.5 mi37, Winchfield Drive, Birmingham, West Midlands B17 8TG2
£155K02/230.52 mi63, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£193K11/220.54 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K08/210.54 mi36, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£115K09/220.54 mi37, Sheepmoor Close, Birmingham, West Midlands B17 8TD2
£170K09/220.55 mi6, Walmead Croft, Birmingham, West Midlands B17 8TH2
£180K02/230.55 mi18, Spreadbury Close, Birmingham, West Midlands B17 8TQ2
£270K11/220.57 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.58 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.58 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£175K11/220.58 mi46, Walmead Croft, Birmingham, West Midlands B17 8TH2
£147K08/220.58 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£150K11/220.6 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£145K01/230.63 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£100K12/200.68 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£144.9K06/210.71 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£144.9K06/210.72 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£140K12/200.72 miFlat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2
£160K03/210.78 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.78 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.78 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£167K11/200.84 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.84 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.84 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.84 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£151K09/210.85 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£255K06/210.87 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.87 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£65K09/210.89 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.89 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.89 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.89 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.89 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.9 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.9 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.9 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.9 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.9 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.9 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.9 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.9 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2

Local Rents

44 rents from £900/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.17 miWood Lane, Harborne2
£1,20004/250.2 mi-2
£95001/240.23 mi-2
£1,08512/240.23 mi-2
£1,08504/250.23 mi-2
£1,15012/240.24 miThe Square, Harborne, Birmingham2
£99501/250.26 mi-2
£1,20012/240.26 miCarless Avenue, Harborne2
£99903/250.29 mi-2
£1,20012/240.29 miCarless Avenue, Harborne, Birmingham, B17 9EQ2
£1,10012/240.31 miHampton Court Road, Harborne2
£1,00012/240.32 miCourt Oak Road, Harbrone, B172
£1,15002/240.33 mi-2
£1,15012/240.33 miHampton Court Road, Harborne, B172
£1,05012/240.36 miThe Circle, Harborne, B172
£1,05012/240.36 miThe Circle, Harborne, B172
£1,00012/240.37 miHampton Court Road, Harborne, Birmingham, B172
£1,00012/240.37 miHampton Court Road, Harborne, Birmingham, B172
£1,40012/240.37 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£97501/240.38 mi-2
£1,15012/240.38 miCourt Oak Road, Harborne, B172
£99512/240.38 miHampton Court Road, Harborne, Birmingham, B17 9AE2
£1,25012/240.4 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£97512/240.41 miMilford Road, BIRMINGHAM2
£95012/240.43 miFrankley Terrace, Lordswood Road2
£1,10012/240.44 miPeel Walk, BIRMINGHAM2
£1,05012/240.44 mi-2
£1,19512/240.44 miThe Lords, Lordswood Road, Harborne2
£1,10012/240.46 miRavenhurst Road, Harborne, B172
£1,25001/250.46 mi-2
£1,09512/240.47 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,35012/240.48 miHarborne Village Apartments, High Street, Harborne, B172
£1,10012/240.51 miHartledon Road, Harborne2
£1,10012/240.51 miHartledon Road, Harborne2
£1,49512/240.54 mi-2
£1,29503/250.54 mi-2
£1,35012/240.54 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£1,10012/240.57 miHagley Road West, Birmingham2
£1,40012/240.58 miCavendish Court, Oakhill Close, Harborne, B172
£1,00012/240.58 miCornerways, Flat 2 Hagley Road 2
£1,00002/250.6 mi-2
£1,80004/250.62 mi-2
£1,15012/240.62 miBalden Road, Harborne2
£90002/240.62 mi-2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.55 miles away

Nearest school

0.40 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Price changed to £165,000

March 20, 2025

Price changed to £177,500

February 28, 2025

Listed for £185,000

January 6, 2025

Description

  • Two Bedrooms +
  • Ground Floor +
  • Central Heating +
  • Off Road Parking +
  • Modern Fitted Kitchen +
  • No Upward Chain +

Hadleigh Estate Agents are delighted to offer this fantastic, ground floor two bedroom apartment, located at Lordswood Square.

The property has its own separate entrance, leading to a tidy hallway, two bedrooms, second with a built in wardrobe and a modern white bathroom with shower. The lounge is a great size and offers a large corner sofa, plus a substantial storage.

Fitted kitchen with washing machine/tumble dryer and fridge freezer. The property also offers gas central heating, with a new boiler being installed in 2023 and is double glazed.

Direct access to the communal garden also.

We have been advised the following information. We suggest you confirm this with your solicitor as Hadleigh Estate Agents will not be held accountable.
Tenure - Leasehold
Length Of Lease - 139
Service Charge - £1,600.00 PA
Ground Rent - £10.00 PA
EPC - C
Council Tax Band - B

The annual service charge is approx £1600
Annual peppercorn ground rent
Lease length remaining is 139 years

Call Hadleigh Estate Agents to arrange your viewing.

Agent Details

Hadleigh, Harborne

0121 387 6346

Next Steps?

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