2 Bed Flat, Single Let, Birmingham, B15 2JN, £160,000

Carpenter Road, Birmingham, West Midlands, B15 2JN - 2 views - 3 months ago

Leasehold
Auction
BTL
ROI: 5%
~73 m²
+12 photos

ValuationFair Value

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

 

 

Square Metres

~72.80 m²
Price/m²£2.2K/m²

Value Estimate

£160,857

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£895 - £2,375

Rent Estimate

£919

Running Costs/mo

£704

Cashflow/mo

£215

Cashflow/yr

£2,582

ROI

5%

Gross Yield

7%

Local Sold Prices

34 sold prices from £30K to £500K, average is £151.8K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.11 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.27 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.27 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.27 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.27 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£235K12/220.39 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£242.5K10/200.43 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£65K02/230.51 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.51 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.51 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£99K08/220.56 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£144K05/210.57 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£65K11/230.62 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£100K12/200.7 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£130K10/200.7 mi6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£110K11/200.7 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£235K07/210.8 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£130K06/210.83 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£290K09/210.84 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£220K08/210.92 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£150K02/230.93 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.93 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.93 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£55K03/210.93 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.93 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£180K08/210.95 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£175K02/210.96 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.96 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.96 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£153.5K06/210.97 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£145K10/200.97 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.97 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.97 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£120.2K06/220.98 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2

Local Rents

51 rents from £895/mo to £2.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25003/240.07 mi-2
£1,25003/240.07 mi-2
£1,20012/240.07 miWarwick Crest, Arthur Road, Edgbaston, Birmingham, B152
£1,20002/250.07 mi-2
£1,20012/240.07 miWarwick Crest, Edgbaston2
£95003/240.13 mi-2
£1,00002/240.13 mi-2
£1,10002/240.13 mi-2
£1,55012/240.22 miSt James Church, Edgbaston2
£1,10012/240.27 miWoodbourne, Augustus Rd, Edgbaston b15 3PJ2
£1,30003/240.28 mi-2
£89512/240.3 miEden Croft, Wheeleys Road, Edgbaston, B15 2LW2
£90012/240.3 miEdencroft, Wheeleys Road, Edgbaston, B152
£1,12612/240.31 miWheeleys Road, Birmingham2
£1,05001/250.31 mi-2
£1,28512/240.35 miElvetham Road, BIRMINGHAM2
£99003/250.37 mi-2
£1,28503/240.38 mi-2
£1,28512/240.38 miElvetham Road, Birmingham, B152
£1,35002/250.39 mi-2
£1,10012/240.42 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.42 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.42 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,20012/240.42 miWheeleys Road, Birmingham2
£1,30012/240.43 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,00012/240.45 miFaraday House, Bell Barn Road, Birmingham, B152
£1,20003/250.45 mi-2
£99502/240.46 mi-2
£1,15012/240.46 miLee Bank Middleway, Birmingham, B152
£1,05012/240.46 miLee Bank Middleway, Birmingham, B152
£99512/240.46 miLee Bank Middleway, Birmingham, B152
£1,15002/250.46 mi-2
£99512/240.46 miLee Bank Middleway, Park Central, Birmingham City Centre2
£1,10012/240.46 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,30012/240.46 miLee Bank Middleway, Birmingham City Centre2
£95012/240.46 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,15012/240.47 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,22512/240.47 miBell Barn Road2
£1,07512/240.48 miPark Central,Birmingham,B15 2BG2
£1,26012/240.48 miBell Barn Road, BIRMINGHAM2
£2,37502/250.48 mi-2
£2,15003/250.48 mi-2
£1,15012/240.49 miBell Barn Road, Edgbaston, Birmingham, B152
£1,15012/240.49 miBell Barn Road, Birmingham, B152
£1,35012/240.49 mi-2
£1,32512/240.49 mi-2
£1,10001/250.49 mi-2
£1,50003/250.49 mi-2
£1,35003/240.49 mi-2
£1,35012/240.49 miAlfred Knight Way, Birmingham, B152
£1,20012/240.49 miAlfred Knight Way, Birmingham City Centre2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.42 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £160,000

February 28, 2025

Listed for £175,000

January 15, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Separate Garage +
  • Immaculate condition +
  • Highly sought after location +
  • Ground Floor +
  • No Upward Chain +

* IDEAL INVESTMENT OR FIRST TIME BUY *

A generously sized two double bedroom ground floor apartment within the desirable Edgbaston area of Birmingham offering no onward chain.

The property briefly comprises; secure entry hallway, spacious living room with views over the communal grounds, contemporary kitchen diner with integrated appliances, two double bedrooms & fully refurbished shower room. Externally there are manicured communal grounds & a separate garage.

Carpenter Road is situated off the Wellington Road with excellent links to Birmingham city centre, the Queen Elizabeth Medical Complex & Birmingham Universities.

This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending
criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £300 inc. VAT towards the preparation cost of the pack.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Agent Details

Dixons, Selly Oak

0121 387 6291

Next Steps?

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