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