3 Bed Flat, Single Let, Birmingham, B37 6BX, £120,000

218 Meriden Drive, Kingshurst, Birmingham, B37 6BX - 1 views - 8 days ago

Leasehold
BTL
ROI: 15%
64 m²
+7 photos

ValuationOvervalued

Sold Prices£65K - £310K
Sold Prices/m²£1K/m² - £2.9K/m²

 

 

Square Metres

64 m²
Price/m²£1.9K/m²

Value Estimate

£99,774

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Total Cash In

£34,800

 

 

Cash Out

 

Rent Range

£775 - £2,865

Rent Estimate

£1,041

Running Costs/mo

£603

Cashflow/mo

£438

Cashflow/yr

£5,254

ROI

15%

Gross Yield

10%

Local Sold Prices

23 sold prices from £65K to £310K, average is £115K. £1K/m² to £2.9K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£150K09/230.26 mi570, Chester Road, Kingshurst, Birmingham, West Midlands B36 0LH3
£130K02/210.29 mi113, Meriden Drive, Birmingham, West Midlands B37 6BH3
£106.5K10/210.34 miFlat 21, Knightsbridge, Oakthorpe Drive, Birmingham, West Midlands B37 6HX3
£106K06/210.37 miFlat 2, Kensington, Foxwood Grove, Birmingham, West Midlands B37 6HP3
£94K08/230.37 mi14, Foxwood Grove, Birmingham, West Midlands B37 6HP3
£87K03/210.38 mi20, School Close, Kingshurst, Birmingham, West Midlands B37 6BN3
£101.5K02/210.4 mi155, Kingshurst Way, Birmingham, West Midlands B37 6EA3
£120K07/220.4 mi157, Kingshurst Way, Birmingham, West Midlands B37 6EA3
£70K07/200.42 mi4, Meriden Drive, Birmingham, West Midlands B37 6BP3
£85K11/200.42 miFlat 12, Westminster, Hopwas Grove, Birmingham, West Midlands B37 6EH3
£108K11/200.42 miFlat 5, Westminster, Hopwas Grove, Birmingham, West Midlands B37 6EH3
£148K10/220.48 mi3, Kingshurst Way, Birmingham, West Midlands B37 6DQ3
£111K08/230.54 mi73, Hemlingford Road, Kingshurst, Birmingham, West Midlands B37 6DJ3
£180K02/230.9 mi22, Avon Drive, Castle Bromwich, Birmingham, West Midlands B36 0TR3
£65K05/211.05 mi64, Travellers Way, Birmingham, West Midlands B37 6TS3
£155K09/221.2 mi155, Tile Cross Road, Birmingham, West Midlands B33 0LS3
£310K10/231.36 mi20, Whateley Crescent, Castle Bromwich, Birmingham, West Midlands B36 0DN3
£147.5K06/231.37 mi9, Poplar Avenue, Chelmsley Wood, Birmingham, West Midlands B37 7RD3
£110K12/211.42 mi21, Mill View, Birmingham, West Midlands B33 9TR3
£115K01/221.46 mi224, Mackadown Lane, Birmingham, West Midlands B33 0JG3
£120K07/211.56 mi116, Whitebeam Road, Birmingham, West Midlands B37 7PD3
£142.9K05/221.72 mi43, Coventry Road, Coleshill, Birmingham, Warwickshire B46 3BB3
£240K01/211.93 mi16, Ennersdale Bungalows, Coleshill, Birmingham, Warwickshire B46 1EY3

Local Rents

17 rents from £775/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10010/240.04 mi-3
£1,15012/240.25 miOakthorpe Drive, BIRMINGHAM3
£1,15012/240.29 miFalkland Way, B363
£1,30012/240.31 mi-3
£1,20012/230.34 mi-3
£1,20012/230.34 mi-3
£97510/230.35 mi-3
£1,05009/230.4 mi-3
£1,10012/240.42 mi-3
£1,10012/240.42 mi-3
£1,70012/240.44 mi-3
£1,80001/250.45 mi-3
£1,20012/240.48 mi-3
£2,86510/230.53 mi-3
£2,86510/230.53 mi-3
£1,35012/240.54 mi-3
£77509/230.61 mi-3

Local Area Statistics

Population in B37

35,871

Population in Birmingham

1,034,821

Town centre distance

5.96 miles away

Nearest school

0.20 miles away

Nearest train station

1.73 miles away

 

 

Rental growth (12m)

+71%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £120,000

January 7, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Lounge +
  • Kitchen +
  • Family bathroom +
  • Central Heating +
  • Double Glazed +
  • Communal carden +
  • Off road parking +

Discover the charm of this inviting 3-bedroom home in Kingshurst Nestled in a peaceful area, this property offers a blend of comfort and practicality, perfect for families or professionals. With uPVC double glazing and a well-fitted kitchen, this home is ready for you to move in and enjoy. 

Ground Floor  

Entrance Hall The welcoming entrance hall features a radiator, and a storage cupboard housing the boiler and utilities.  

Kitchen 2.10m (6'11") x 2.07m (6'9") The kitchen is fitted with a matching range of base and eye-level units, worktop space, a stainless-steel sink with a mixer tap, plumbing for a washing machine, and space for a fridge/freezer. It includes a fitted electric oven and a built-in four-ring electric hob. A uPVC double glazed window to the front provides a bright cooking space. 

Lounge 5.11m (16'9") x 2.00m (6'7") This spacious lounge features a uPVC double glazed window to the rear, a radiator, and a door leading to the balcony. 

Balcony 1.58m (5'2") x 1.32m (4'4") An outdoor space for relaxing. 

Hallway The hallway includes a radiator and doors leading to the bedrooms and bathroom. 

Bedroom 1 4.13m (13'7") x 3.12m (10'3") A generous main bedroom with a uPVC double glazed window to the rear, fitted wardrobes with sliding doors, a radiator. 

Bedroom 2 2.88m (9'5") x 2.05m (6'9") This cozy bedroom features a uPVC double glazed window to the front and a radiator. 

Bedroom 3 2.60m (8'6") x 2.09m (6'10") Includes a storage cupboard and a door and uPVC double glazed window overlooking the balcony. 

Bathroom The bathroom is fitted with a three-piece suite comprising a bath with an electric shower over,

Agent Details

Urban Grey Estates, Birmingham

0121 387 6451

Next Steps?

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