2 Bed Flat, Single Let, B1 3DS, £220,000

Parade, Birmingham, West Midlands, B1, B1 3DS - 4 views - 3 months ago

Leasehold

BTL

ROI: 3%

~68 m²

ValuationOvervalued

Sold Prices	£80K - £500K
Sold Prices/m²	£1.3K/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£168,024£168,024

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£995 - £3,000£995 - £3,000
Rent Estimate	£1,050
Running Costs/mo	£918£918
Cashflow/mo	£133£133
Cashflow/yr	£1,590£1,590
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £80K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£90K	06/21	0.14 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£100K	07/21	0.14 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£182K	12/22	0.16 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£290K	10/22	0.25 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£125K	12/21	0.4 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.4 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£244K	03/21	0.42 mi	31d, Northwood Street, Birmingham, West Midlands B3 1TX	£2,905	84	2	Flat
£180K	08/21	0.43 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£202.5K	01/23	0.44 mi	Apartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£235K	07/21	0.45 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£208K	05/21	0.46 mi	Apartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£180K	04/22	0.46 mi	Apartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£153.5K	06/21	0.49 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£290K	09/21	0.51 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£80K	07/22	0.85 mi	Flat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ	-	-	2	Flat
£150K	02/23	0.85 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.85 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.85 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£500K	02/21	0.93 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.93 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.93 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.93 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat

Local Rents

50 rents from £995/mo to £3K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	12/24	0 mi	Parade, Birmingham, B1	2	Flat
£1,400	12/24	0 mi	50 Parade, B1 3ds	2	Flat
£1,350	12/24	0.02 mi	The Quadrant, 150 Sand Pits, Birmingham, B1	2	Flat
£1,150	02/25	0.02 mi	-	2	Flat
£1,125	12/24	0.03 mi	8 Clement Street	2	Flat
£1,150	12/24	0.03 mi	B1, 3 Helena Street, Birmingham City Centre	2	Flat
£3,000	12/24	0.04 mi	-	2	Flat
£1,250	12/24	0.04 mi	Birmingham, B1	2	Flat
£1,250	12/24	0.05 mi	The Copperworks, 11 Sloane Street, Birmingham, B1	2	Flat
£1,895	12/24	0.05 mi	Lockside House, 7 Scotland Street, Birmingham, B1	2	Flat
£1,200	12/24	0.05 mi	Birmingham, B1	2	Flat
£1,200	12/24	0.06 mi	2 Townsend Way, B1	2	Flat
£1,395	12/24	0.06 mi	Camden Street, Birmingham, West Midlands, B1	2	Flat
£1,100	12/24	0.06 mi	-	2	Flat
£1,245	12/24	0.06 mi	-	2	Flat
£1,200	12/24	0.06 mi	Qube, Birmingham, B1	2	Flat
£1,100	12/24	0.06 mi	The Qube, Scotland Street, Birmingham, B1	2	Flat
£3,000	03/25	0.07 mi	-	2	Flat
£1,350	12/24	0.07 mi	Camden Street, BIRMINGHAM	2	Flat
£1,350	12/24	0.07 mi	Photographic Works, 41 Camden Street, Jewellery Quarter	2	Flat
£1,250	12/24	0.08 mi	2 Edward Street, City Centre, Birmingham, B1	2	Flat
£2,050	02/25	0.09 mi	-	2	Flat
£1,395	12/24	0.09 mi	The Quadrant, 150 Sand Pits, Birmingham, B1	2	Flat
£1,095	12/24	0.09 mi	Qube, 70 Edward Street	2	Flat
£1,200	12/24	0.1 mi	Apartment 42, 22 Newhall Hill, Birmingham, West Midlands	2	Flat
£2,350	05/24	0.1 mi	-	2	Flat
£2,350	12/24	0.1 mi	-	2	Flat
£1,200	12/24	0.1 mi	-	2	Flat
£995	12/24	0.1 mi	Sterling Court, 48 Newhall Hill, BIRMINGHAM, West Midlands, B1	2	Flat
£1,200	03/25	0.11 mi	-	2	Flat
£1,395	11/24	0.11 mi	-	2	Flat
£1,200	02/24	0.11 mi	-	2	Flat
£1,225	12/24	0.11 mi	The Quadrant, Sand Pits, Birmingham, B1	2	Flat
£1,050	12/24	0.11 mi	Arthur Place, BIRMINGHAM	2	Flat
£1,150	12/24	0.11 mi	-	2	Flat
£1,150	12/24	0.11 mi	Q apartments, Newhall Hill, Birmingham	2	Flat
£1,050	12/24	0.11 mi	Q Apartments, Newhall Hill, Jewellery Quarter	2	Flat
£1,350	03/25	0.11 mi	-	2	Flat
£2,742	12/24	0.11 mi	Clement Street, Birmingham, B1	2	Flat
£1,200	12/24	0.12 mi	-	2	Flat
£1,375	12/24	0.12 mi	The Quadrant, 150 Sand Pits, Birmingham, B1	2	Flat
£1,500	12/24	0.12 mi	The Quadrant, 150 Sand Pits, Birmingham, West Midlands, B1	2	Flat
£1,095	12/24	0.12 mi	-	2	Flat
£2,500	01/25	0.12 mi	-	2	Flat
£1,450	03/25	0.13 mi	Camden Grove, Birmingham, B1 3	2	Flat
£1,150	12/24	0.14 mi	Newhall Hill, Jewellery Quarter, Birmingham	2	Flat
£1,350	12/24	0.14 mi	The Quadrant, 150 Sand Pits, Birmingham, B1	2	Flat
£1,150	12/24	0.14 mi	Apartment 24, 15 Newhall Hill, Birmingham, West Midlands	2	Flat
£1,150	12/24	0.14 mi	15 Newhall Hill, Birmingham, West Midlands	2	Flat
£1,100	12/24	0.14 mi	Camden Village, 81 Camden Street, Jewellery Quarter, Birmingham, B1	2	Flat

Property History

Listed for £220,000

January 8, 2025

Description

Modern Two Bedroom Apartment +
Fantastic Location +
Walking Distance to City Centre +
Private Balcony +
Chain Free +
Ideal for First Time Buyers or Investors +
5th Floor +

Parkes Estate are pleased to offer this modern two-bedroom apartment in the Regency Place development, Birmingham City Centre which was built 5 years ago.

The apartment is located on the 5th floor and features a bright open-plan living area with a fitted kitchen (including appliances), a double bedroom with a built-in wardrobe, and a modern bathroom with a bathtub. It also includes a secure, allocated parking space and is within walking distance of city amenities.

Agent Details

Parkes Estate Agents, Kensington

020 3840 3963

Next Steps?

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

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