2 Bed Flat, Single Let, B1 2LJ, £180,000

Granville Street, Birmingham, B1 2LJ - 4 views - 3 months ago

Leasehold
BTL
ROI: 4%
~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£2.6K/m²

Value Estimate

£192,272
BMV7%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£1,000 - £5,500

Rent Estimate

£919

Running Costs/mo

£766

Cashflow/mo

£153

Cashflow/yr

£1,832

ROI

4%

Gross Yield

6%

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 
£235K07/210.07 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.21 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£182K12/220.29 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.32 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.34 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£180K08/210.42 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.48 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£500K02/210.49 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.49 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.49 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.49 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£125K12/210.52 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.52 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£150K02/230.58 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.58 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.58 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£144.5K09/210.67 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£290K10/220.7 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£244K03/210.81 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£202.5K01/230.88 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£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

Local Rents

50 rents from £1K/mo to £5.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.01 miBroadwalk, 6 Upper William Street, Birmingham, B12
£1,60012/240.04 mi-2
£1,00012/240.04 miBroadwalk, Granville Street2
£1,25003/250.04 mi-2
£2,99902/250.04 mi-2
£5,50012/240.04 miBroad Street, Birmingham, B152
£1,72012/240.04 miBroad Street, Birmingham, B152
£1,79512/240.04 miBroad Street, Birmingham, B152
£1,68012/240.04 miBroad Street, Birmingham, B152
£1,77012/240.04 miBroad Street, Birmingham, B152
£1,25003/250.05 mi-2
£1,20012/240.06 miGranville Lofts, Holliday Street, Birmingham, B12
£1,30002/240.07 mi-2
£1,25012/240.07 miGranville Lofts, Holliday Street, Birmingham, B12
£1,30002/250.08 mi-2
£1,35003/240.09 mi-2
£1,72012/240.09 miThe Mercian, Birmingham, B152
£1,89012/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152
£1,79512/240.09 miThe Mercian, Birmingham, B152
£1,89012/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152
£1,76512/240.09 miThe Mercian, Birmingham, B152
£1,68012/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152
£1,84512/240.09 miThe Mercian, Birmingham, B152
£1,60012/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152
£1,84512/240.09 miThe Mercian, Birmingham, B152
£1,84512/240.09 miThe Mercian, Birmingham, B152
£1,79512/240.09 miThe Mercian, Birmingham, B152
£1,84512/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152
£1,76012/240.09 miThe Mercian, Birmingham, B152
£1,85012/240.09 miThe Mercian, Birmingham, B152
£2,20012/240.09 miThe Mercian, Birmingham, B152
£1,79512/240.09 miThe Mercian, Birmingham, B152
£1,68012/240.09 miThe Mercian, Birmingham, B152
£1,85012/240.09 miThe Mercian, Birmingham, B152
£2,20012/240.09 miThe Mercian, Birmingham, B152
£1,68012/240.09 miThe Mercian, Birmingham, B152
£2,20012/240.09 miThe Mercian, Birmingham, B152
£1,85012/240.09 miThe Mercian, Birmingham, B152
£1,79512/240.09 miThe Mercian, Birmingham, B152
£2,20012/240.09 miThe Mercian, Birmingham, B152
£2,16012/240.09 miThe Mercian, Birmingham, B152
£2,10012/240.09 miThe Mercian, Birmingham, B152
£2,30512/240.09 miThe Mercian, Birmingham, B152
£1,87512/240.09 miThe Mercian, Birmingham, B152
£2,21012/240.09 miThe Mercian, Birmingham, B152

Property History

Listed for £180,000

January 6, 2025

Floor Plans

Description

  • Two Bedroom-Two Bathroom Apartment +
  • Excellent City Centre Location close to Broad Street and Mailbox Development +
  • Securely Gated Allocated Parking Space Included +
  • Large Living Dining Room +
  • First Floor +
  • PAS9980 FIRE RISK ASSESMENT: NO REMEDIATION WORK REQUIRED +
  • No Upward Chain +
  • EPC Rating - B +

An extremely spacious and well presented first floor apartment situated within this popular development within Birmingham City Centre. The two-bedroom-two bathroom apartment provides over 882 sqft of high quality internal accommodation along with securely gated parking for residents. On the doorstep of local amenities within Broad Street, The Cube and Mailbox Developments. Being Sold with No Upward Chain.

The property is accessible from both the central courtyard of the development, as well as the main entrance on Granville Street with secure entry access. The inner communal hallway provides access to both the car park and into the apartment itself which briefly comprises entrance hall, large living and dining room with Juliet balcony overlooking the frontage, a separate fitted kitchen with integrated kitchen appliances, two generously sized double bedrooms including a en-suite shower room to the main bedroom and an additional family bathroom.

Situated within walking distance to Birmingham's famous Broad Street, the city centre provides excellent business and recreational facilities which includes; the world renowned Symphony Hall, the National Indoor Arena, Birmingham Repertory Theatre, plus a plethora of brasseries, restaurants and coffee shops on your door step.
In addition the newly extended Metro link is now in operation providing excellent means of transport, there is also easy access to the local motorway networks, trains via Birmingham New Street and Five Ways stations as well as multiple regular bus services.

Leasehold Information - We have been advised that the property is a leasehold with approximately 125 years remaining on the lease, with an annual service charge payable of approximately £2489 with additional ground rent of £150 payable annually. (Please ensure your solicitor verifies the lease and service charge information prior to purchase)
Furthermore, a comprehensive fire risk appraisal of the external walls has been undertaken. Using the PAS9980 methodology, the external walls, balconies and spandrel panels have been risk assessed and no remediation work is required.

Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions. It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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