2 Bed Flat, Single Let, Birmingham, B17 9SR, £197,500

73 Ravenhurst Road, Harborne, Birmingham, B17 9SR - 10 views - 4 months ago

Leasehold
BTL
ROI: 3%
55 m²
+9 photos

ValuationOvervalued

Sold Prices£80K - £277K
Sold Prices/m²£1.8K/m² - £4.9K/m²

 

 

Square Metres

55 m²
Price/m²£3.6K/m²

Value Estimate

£155,239

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£49,375

Stamp Duty & Legal Fees

£7,125

Total Cash In

£56,500

 

 

Cash Out

 

Rent Range

£850 - £1,800

Rent Estimate

£950

Running Costs/mo

£827

Cashflow/mo

£123

Cashflow/yr

£1,474

ROI

3%

Gross Yield

6%

Local Sold Prices

42 sold prices from £80K to £277K, average is £157.5K. £1.8K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£80K05/230.09 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.09 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£82K08/220.09 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K12/200.15 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£151K09/210.33 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£268K08/220.34 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£130K05/210.38 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£196K09/210.46 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£215K03/210.49 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.49 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.49 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£175K08/210.5 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£185K05/210.51 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£147K08/220.67 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£150K11/220.72 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£145K01/230.72 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£135K11/220.76 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.76 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£255K10/220.79 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£165K03/230.81 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.81 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.81 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£139K04/210.82 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.82 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£255K06/210.82 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.82 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£132K04/210.84 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.84 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.85 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.85 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.85 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£270K11/220.91 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£160K03/210.91 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.91 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.91 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£220K08/210.94 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£167K11/200.95 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.95 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.95 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.95 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£135K04/210.95 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.95 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2

Local Rents

50 rents from £850/mo to £1.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,09512/240.08 miSerpentine Road, Harborne, Birmingham, B17 9RF2
£1,35012/240.08 miHarborne Village Apartments, High Street, Harborne, B172
£1,19512/240.11 miThe Lords, Lordswood Road, Harborne2
£1,19512/240.13 miHarborne Central, High Street, Harborne2
£95012/240.14 miFrankley Terrace, Lordswood Road2
£1,25012/240.15 miLonsdale Square, Lordswood Road, Harborne, Birmingham, B17 9RA2
£1,05012/240.16 mi-2
£1,80004/250.17 mi-2
£1,40004/250.18 mi-2
£1,10012/240.19 miGreenfield Road, Harborne2
£1,15012/240.19 miGreenfield Road, Harborne2
£1,25012/240.21 mi-2
£1,10012/240.24 miRavenhurst Road, Harborne, B172
£1,25012/240.26 miHigh Street, Harborne2
£1,00002/250.26 mi-2
£1,30012/240.27 miStation Road, Harborne, Birmingham, B172
£1,25012/240.27 mi174-176 High Street, Harborne, Birmingham, B17 9PP2
£1,28012/240.28 miSt Peters Road, Harborne, BIRMINGHAM2
£1,25001/250.3 mi-2
£1,00012/240.31 miHigh Street, Harborne, Birmingham, B172
£1,40012/240.31 miMoor Pool Avenue, Harborne, Birmingham, B17 9DT2
£1,10002/250.32 mi-2
£1,10012/240.32 miHartledon Road, Harborne2
£1,10012/240.32 miHartledon Road, Harborne2
£1,05012/240.32 miThe Circle, Harborne, B172
£1,05012/240.32 miThe Circle, Harborne, B172
£1,49512/240.33 miChestnut Grove, Harborne, Birmingham2
£1,08504/250.34 mi-2
£95001/240.34 mi-2
£1,08512/240.34 mi-2
£97512/240.34 miMilford Road, BIRMINGHAM2
£1,20004/250.34 mi-2
£1,35012/240.34 miMoor Pool Avenue, Harborne, Birmingham, B17 9HL2
£1,05012/240.35 mi-2
£85012/240.35 miBirch Close, Greenfield Road, Harborne, Birmingham, B17 0EH2
£1,15012/240.35 miThe Square, Harborne, Birmingham2
£1,20012/240.36 miCarless Avenue, Harborne, Birmingham, B17 9EQ2
£99501/250.36 mi-2
£1,20012/240.37 miClarence Road, Harborne, B172
£1,00012/240.37 miRose Road, Harborne, Birmingham2
£1,20012/240.37 miCarless Avenue, Harborne2
£95012/240.38 miHigh Street, Harborne, B172
£1,26512/240.38 miRose Road, Harborne, Birmingham2
£1,29512/240.38 miAbbey Road, Harborne, Birmingham, B172
£1,18001/250.38 mi-2
£1,29512/240.39 miAbbey Road, Harborne, Birmingham, West Midlands, B17 0JT2
£1,10002/240.39 mi-2
£1,10004/250.39 mi-2
£1,10012/240.39 miYewdale, Birmingham, B172
£99903/250.4 mi-2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £197,500

January 9, 2025

Description

  • IDEALLY LOCATED FOR HARBORNE +
  • WELL-PRESENTED THROUGHOUT +
  • DELIGHTFUL COMMUNAL GARDENS +
  • EXTENDED LEASE. GARAGE +

Very well-located ground floor apartment having lounge/diner, kitchen, two bedrooms, bathroom, gas central heating, double glazing, garage and direct access to attractive communal gardens.

This low rise block is situated on Ravenhurst Road close to the junction with Wentworth Road, being very close to Harborne High Street with its excellent range of restaurants, bars and shops including both Marks and Spencer and Waitrose. The Queen Elizabeth Medical Centre is within easy reach, as is the University of Birmingham. Birmingham city centre is also close by and local motorway connections to the M5 and M6 are also readily accessible.

Property is set back from the road way by lawned fore garden with trees and shrubs. There is a garage with the property.

Communal entrance door leads into reception area, and the property is on the ground floor.

Entrance Door - With spy hole into hallway, having security answer phone and storage cupboard, radiator, ceiling light point and wood-style laminate flooring.

Bedroom One - 3.4m max x 3.73m max (11'1" max x 12'2" max) - Having UPVC double glazed window to front elevation, ceiling light point, fitted wardrobes with sliding mirror doors, radiator and wood-style laminate flooring.

Bedroom Two - 2.59m max x 2.49m max (8'5" max x 8'2" max) - Having UPVC double glazed window to the front elevation, ceiling light point, radiator and wood-style laminate flooring.

Kitchen - 3.2m max x 2.41m max (10'5" max x 7'10" max) - Having UPVC double glaze window overlooking the communal garden area, wall mounted Worcester gas boiler, a range of matching wall and base units, wood-style worksurfaces, single bowl stainless steel sink drainer with mixer tap over, integrated gas hob with electric oven below and extractor above behind fascia, space for fridge freezer and ceiling light point.

Lounge/Diner - 4.85m max x 3.58m max (15'10" max x 11'8" max) - Having wood-style laminate flooring, two ceiling light points, radiator, UPVC double glazed sliding patio doors to the rear area and further double glazed UPVC window.

Bathroom - 2.57m max x 1.65m max (8'5" max x 5'4" max) - Having laminate flooring, panelled bath with wall mounted electric shower over, obscured double glazed window, full complimentary tiling to walls, wash hand basin set into vanity storage unit, low flush WC, ceiling light point and radiator.

Outside - There are delightful communal grounds to enjoy. There is a garage set in a separate block.

Additional Information - We are advised that the lease runs until 17th September 2134, i.e. 109 years remaining. The service charge is currently £3000 per year.
Council Tax Band B.

Agent Details

Englands Estate Agents, Harborne

0121 387 6321

Next Steps?

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