2 Bed Flat, Single Let, Birmingham, B15 2DX, £207,000

26 Wheeleys Lane, Birmingham, B15 2DX - 3 views - 3 months ago

Leasehold

BTL

ROI: 3%

~68 m²

+11 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£3K/m²
Value Estimate	£149,352£149,352

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£51,750£51,750
Stamp Duty & Legal Fees	£7,410£7,410
Total Cash In	£59,160£59,160

Cash Out
Rent Range	£995 - £2,885£995 - £2,885
Rent Estimate	£1,000
Running Costs/mo	£867£867
Cashflow/mo	£133£133
Cashflow/yr	£1,598£1,598
ROI	3%3%
Gross Yield	6%6%

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	0.26 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£500K	02/21	0.28 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.28 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.28 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.28 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£290K	09/21	0.32 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
£182K	12/22	0.52 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£100K	07/21	0.55 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£150K	02/23	0.56 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.56 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.56 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£180K	08/21	0.56 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£90K	06/21	0.57 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£153.5K	06/21	0.61 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£125K	12/21	0.69 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.69 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£235K	12/22	0.79 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£65K	02/23	0.84 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£30K	10/20	0.84 mi	Flat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	0.84 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£242.5K	10/20	0.87 mi	153, Viceroy Close, Birmingham, West Midlands B5 7UX	£2,228	109	2	Flat
£130K	06/21	0.89 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£290K	10/22	0.93 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£55K	03/21	0.93 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	0.93 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£144K	05/21	0.96 mi	6, Dalloway Close, Birmingham, West Midlands B5 7RD	£1,846	78	2	Flat

Local Rents

50 rents from £995/mo to £2.9K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	12/24	0.01 mi	Apartment 27, 18 Wheeleys Lane, Birmingham, West Midlands	2	Flat
£1,200	12/24	0.02 mi	26 Wheeleys Lane, Birmingham, B15	2	Flat
£1,200	12/24	0.02 mi	26 Wheeleys Lane, Birmingham, B15	2	Flat
£1,190	03/24	0.02 mi	-	2	Flat
£1,190	12/24	0.02 mi	Wheeleys Lane, Birmingham, B15	2	Flat
£1,000	12/24	0.02 mi	Wheeleys Lane, Park Central, B15	2	Flat
£1,600	02/25	0.02 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
£1,250	12/24	0.05 mi	Longleat Avenue, Birmingham, B15 2DF	2	Flat
£1,300	12/24	0.05 mi	29 Longleat Avenue, Park Central, B15	2	Flat
£1,300	12/24	0.05 mi	29 Longleat Avenue, Park Central, B15	2	Flat
£1,250	01/25	0.05 mi	-	2	Flat
£1,200	12/24	0.06 mi	Bradshaw Close, Birmingham, B15	2	Flat
£1,100	02/24	0.06 mi	-	2	Flat
£1,275	02/24	0.06 mi	-	2	Flat
£1,050	12/24	0.06 mi	-	2	Flat
£1,200	02/25	0.06 mi	-	2	Flat
£1,500	01/25	0.06 mi	-	2	Flat
£1,200	12/24	0.07 mi	26 Longleat Ave, 26 Longleat Ave, Birmingham, B15	2	Flat
£1,300	12/24	0.09 mi	Lee Bank Middleway, Birmingham City Centre	2	Flat
£1,100	12/24	0.09 mi	2 Lee Bank Middleway, Birmingham, West Midlands, B15	2	Flat
£995	02/24	0.09 mi	-	2	Flat
£1,150	02/25	0.09 mi	-	2	Flat
£1,150	12/24	0.09 mi	Lee Bank Middleway, Birmingham, B15	2	Flat
£1,050	12/24	0.09 mi	Lee Bank Middleway, Birmingham, B15	2	Flat
£995	12/24	0.09 mi	Lee Bank Middleway, Birmingham, B15	2	Flat
£995	12/24	0.09 mi	Lee Bank Middleway, Park Central, Birmingham City Centre	2	Flat
£2,885	01/25	0.09 mi	-	2	Flat
£1,095	03/25	0.09 mi	-	2	Flat
£2,167	02/24	0.09 mi	-	2	Flat
£1,300	12/24	0.1 mi	Communication Row, Birmingham, B15	2	Flat
£1,200	12/24	0.1 mi	Communication Row, Birmingham, B15	2	Flat
£1,200	12/24	0.1 mi	Arden Gate	2	Flat
£1,400	12/24	0.11 mi	Arden Gate, 12 Communication Row, Birmingham, B15	2	Flat
£1,400	12/24	0.11 mi	Arden Gate, 12 Communication Row, Birmingham, B15	2	Flat
£1,500	12/24	0.11 mi	Arden Gate, Communication Row, Birmingham	2	Flat
£1,300	12/24	0.11 mi	William Street, Birmingham, B15	2	Flat
£1,300	03/24	0.11 mi	-	2	Flat
£1,600	12/24	0.12 mi	St Martins Place, 169 Broad Street, Birmingham, West Midlands, B15	2	Flat
£1,400	12/24	0.12 mi	St Martins Place, 169 Broad Street, Birmingham, West Midlands, B15	2	Flat
£1,400	12/24	0.12 mi	Broad Street	2	Flat
£1,400	12/24	0.12 mi	Broad Street	2	Flat
£1,550	12/24	0.12 mi	Broad Street, Birmingham	2	Flat
£1,600	12/24	0.12 mi	St Martins Place, Broad Street, Birmingham	2	Flat
£1,300	03/25	0.12 mi	-	2	Flat
£1,300	12/24	0.13 mi	Arden Gate, William Street, Birmingham, B15	2	Flat
£1,200	12/24	0.13 mi	Wheeleys Road, Birmingham	2	Flat
£1,225	12/24	0.13 mi	Granville Street, BIRMINGHAM	2	Flat
£1,050	12/24	0.13 mi	Masons Way, Birmingham, B15	2	Flat

Local Area Statistics

Population in B15	17,55217,552
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.39 miles away1.39 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.20 miles away0.20 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 £207,000

January 9, 2025

Floor Plans

Description

Two bedroom third floor apartment with wrap around balcony +
Open plan living +
Kitchen area with appliances ( Dishwasher, washing machine, Cooker and hob) +
Main bedroom with en-suite shower room +
Second double bedroom +
Main bathroom +
Double glazed and centrally heated +
Secure gated car parking +
Vacant possession from 1st August 2025 +
Lift to all floors +

A third floor two bedroom apartment in this convenient central location having wrap around balcony. The accommodation comprises open plan living to include lounge, dining area and kitchen with appliances; two double bedrooms, en-suite shower room and second bathroom.

The property also benefits from double glazing, central heating, lift and stairs to all floors as well as gated allocated parking. Tenanted until 31st July 2025 at £1275 PCM - Currently tenanted.

EPC = C
COUNCIL TAX BAND = B
Leasehold- 120- Service charge £250 Per month - Ground rent £170 P.A. All details supplied by vendor, any interested parties are advised to confirm the details with there own legal representative.

Agent Details

Amber Court lettings and sales, Selly Oak

0121 387 6617

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.