2 Bed Flat, Single Let, Birmingham, B15 2EX, £230,000

Longleat Avenue, Birmingham, B15 2EX - 3 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 1%

~68 m²

+18 photos

ValuationOvervalued

Sold Prices	£30K - £500K
Sold Prices/m²	£724/m² - £4.5K/m²

Square Metres	~68 m²
Price/m²	£3.4K/m²
Value Estimate	£149,053£149,053

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£8,100£8,100
Total Cash In	£65,600£65,600

Cash Out
Rent Range	£995 - £2,750£995 - £2,750
Rent Estimate	£999
Running Costs/mo	£939£939
Cashflow/mo	£60£60
Cashflow/yr	£725£725
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

27 sold prices from £30K to £500K, average is £153.5K. £724/m² to £4.5K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£235K	07/21	0.27 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£500K	02/21	0.29 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.29 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.29 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.29 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£290K	09/21	0.3 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£144.5K	09/21	0.44 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£150K	02/23	0.5 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.5 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.5 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£182K	12/22	0.55 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£100K	07/21	0.58 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£90K	06/21	0.6 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£180K	08/21	0.62 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£153.5K	06/21	0.67 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£125K	12/21	0.75 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.75 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£235K	12/22	0.76 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£65K	02/23	0.8 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£30K	10/20	0.8 mi	Flat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	0.8 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£130K	06/21	0.83 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£242.5K	10/20	0.84 mi	153, Viceroy Close, Birmingham, West Midlands B5 7UX	£2,228	109	2	Flat
£55K	03/21	0.87 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	0.87 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£144K	05/21	0.92 mi	6, Dalloway Close, Birmingham, West Midlands B5 7RD	£1,846	78	2	Flat
£290K	10/22	0.96 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat

Local Rents

50 rents from £995/mo to £2.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	12/24	0 mi	26 Longleat Ave, 26 Longleat Ave, Birmingham, B15	2	Flat
£1,500	01/25	0 mi	-	2	Flat
£1,100	02/24	0.03 mi	-	2	Flat
£1,275	02/24	0.03 mi	-	2	Flat
£1,050	12/24	0.03 mi	-	2	Flat
£1,200	02/25	0.03 mi	-	2	Flat
£2,167	02/24	0.03 mi	-	2	Flat
£1,250	12/24	0.04 mi	Longleat Avenue, Birmingham, B15 2DF	2	Flat
£1,300	12/24	0.04 mi	29 Longleat Avenue, Park Central, B15	2	Flat
£1,300	12/24	0.04 mi	29 Longleat Avenue, Park Central, B15	2	Flat
£1,250	01/25	0.04 mi	-	2	Flat
£1,150	12/24	0.05 mi	Bath Row, Birmingham	2	Flat
£1,200	12/24	0.05 mi	Wheeleys Lane, Birmingham	2	Flat
£1,100	12/24	0.05 mi	Apartment 27, 18 Wheeleys Lane, Birmingham, West Midlands	2	Flat
£1,190	03/24	0.05 mi	-	2	Flat
£1,190	12/24	0.05 mi	Wheeleys Lane, Birmingham, B15	2	Flat
£1,200	12/24	0.06 mi	Bradshaw Close, Birmingham, B15	2	Flat
£1,050	12/24	0.07 mi	Masons Way, Birmingham, B15	2	Flat
£1,250	12/24	0.07 mi	-	2	Flat
£1,000	12/24	0.07 mi	Wheeleys Lane, Park Central, B15	2	Flat
£1,200	12/24	0.07 mi	26 Wheeleys Lane, Birmingham, B15	2	Flat
£1,200	12/24	0.07 mi	26 Wheeleys Lane, Birmingham, B15	2	Flat
£1,600	02/25	0.07 mi	-	2	Flat
£1,200	12/24	0.09 mi	Alfred Knight Way, Birmingham City Centre	2	Flat
£1,350	03/24	0.09 mi	-	2	Flat
£1,350	12/24	0.09 mi	Alfred Knight Way, Birmingham, B15	2	Flat
£1,225	12/24	0.09 mi	Granville Street, BIRMINGHAM	2	Flat
£2,375	02/25	0.09 mi	-	2	Flat
£2,150	03/25	0.09 mi	-	2	Flat
£1,075	12/24	0.1 mi	Park Central,Birmingham,B15 2BG	2	Flat
£2,750	02/24	0.1 mi	-	2	Flat
£1,300	01/24	0.1 mi	-	2	Flat
£1,400	02/24	0.1 mi	-	2	Flat
£2,500	02/24	0.1 mi	-	2	Flat
£2,499	12/24	0.1 mi	-	2	Flat
£2,499	01/25	0.1 mi	-	2	Flat
£1,595	12/24	0.1 mi	-	2	Flat
£1,280	03/25	0.1 mi	-	2	Flat
£1,250	03/25	0.1 mi	-	2	Flat
£1,290	03/25	0.1 mi	-	2	Flat
£1,225	12/24	0.1 mi	Skyline, Granville Street, Birmingham, B1	2	Flat
£1,250	12/24	0.1 mi	Park Central	2	Flat
£1,000	12/24	0.1 mi	Faraday House, Bell Barn Road, Birmingham, B15	2	Flat
£1,500	12/24	0.1 mi	Birmingham, Birmingham, B15	2	Detached House
£1,500	03/24	0.1 mi	-	2	Semi-Detached House
£1,400	01/25	0.1 mi	-	2	Semi-Detached House
£1,100	12/24	0.11 mi	2 Lee Bank Middleway, Birmingham, West Midlands, B15	2	Flat
£1,300	12/24	0.11 mi	Lee Bank Middleway, Birmingham City Centre	2	Flat
£995	02/24	0.11 mi	-	2	Flat
£1,050	12/24	0.11 mi	Lee Bank Middleway, Birmingham, B15	2	Flat

Local Area Statistics

Population in B15	17,55217,552
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.32 miles away1.32 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.22 miles away0.22 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+71%+71%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £230,000

January 6, 2025

Floor Plans

Description

No Upward Chain +
Two Bedrooms +
Excellent Location +
Allocated Parking Space +
Balcony +
Modern Throughout +

Hadleigh Estate Agents are delighted to offer this stunning two bedroom apartment for sale. Offered with no upward chain the apartment briefly comprises, secure communal entrance with lift and stairs access. Entrance hallway, spacious open plan living room and kitchen area. Two double bedrooms, with the master bedroom having its own en-suite and further family bathroom. This apartment further boasts an allocated parking space in a secure gate controlled car park.

Location - Situated with the ever popular Park Central, the property is conveniently located for easy access into Birmingham City Centre, offering an abundance of shops, bars and restaurants. Excellent transport links including New Street Station and Five Ways Station, also offering access to motorway networks.

Entrance Hallway - Ceiling light point, central heating radiator, storage cupboard and intercom system.

Kitchen - Open plan, integrated appliances including plumbing for washing machine and dishwasher. Wall and base units. Tiled flooring and ceiling light point.

Lounge - Two ceiling light points, carpeted flooring, two central heating radiators. Juliette balcony, floor to ceiling double glazed windows and patio doors leading to balcony.

Master Bedroom - Ceiling light point, central heating radiator, carpet flooring. Floor to ceiling double glazed windows and access to master en suite.

En Suite - Tiled flooring and partially tiled walls. Low level flush WC, hand wash basin, walk in shower cubicle, medicine cabinet, towel radiator and ceiling spotlights.

Bedroom Two - Floor to ceiling double glazed windows, carpeted flooring, ceiling light point and central heating radiator.

Bathroom - Tiled flooring, partially tiled walls. Ceiling spotlights and towel radiator. Low level flush WC, hand wash basin and bath.

General Information - Lease Remaining: 129 years
Annual Ground Rent: £100
We have been advised due to upcoming heating replacements the annual service charge is higher than usual at £4638.60

Agent Details

Hadleigh, Harborne

0121 387 6346

Next Steps?

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