2 Bed Flat, Single Let, Birmingham, B17 0SB, £150,000

Arosa Drive, Birmingham, West Midlands, B17 0SB - 4 views - 3 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£80K - £235K
Sold Prices/m²£1.8K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£187,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£750 - £1,443

Rent Estimate

£750

Running Costs/mo

£639

Cashflow/mo

£111

Cashflow/yr

£1,335

ROI

3%

Gross Yield

6%

Local Sold Prices

25 sold prices from £80K to £235K, average is £150K. £1.8K/m² to £4.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£135K11/220.03 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.03 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£165K03/230.07 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.07 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.07 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£139K04/210.07 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.07 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£151K09/210.51 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£185K05/210.55 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£175K08/210.57 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£100K12/200.7 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£130K05/210.74 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£80K05/230.79 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.79 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£150K08/210.79 mi77, Wellman Croft, Birmingham, West Midlands B29 6NR2
£82K08/220.8 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£147K08/220.8 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£145K01/230.82 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£114.5K10/210.82 mi2, Wellman Croft, Birmingham, West Midlands B29 6NP2
£150K11/220.84 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£215K03/210.89 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.89 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.89 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£196K09/210.9 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£87.5K11/230.96 mi29, First Meadow Piece, Quinton, Birmingham, West Midlands B32 2QJ2

Local Rents

50 rents from £750/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.06 mi-2
£1,10012/240.06 mi-2
£92503/240.07 mi-2
£1,20002/250.07 mi-2
£92512/240.07 miArosa Drive, Birmingham, B172
£1,10012/240.07 miArosa Drive, Birmingham2
£95012/240.14 mi134 Quinton Road, B17 0QA2
£1,10002/250.18 mi-2
£1,00012/240.21 miLynn Grove, Selly Oak, B292
£1,44312/240.23 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.23 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£1,05012/240.26 mi-2
£1,00001/240.26 mi-2
£1,40012/240.27 mi-2
£1,10002/240.27 mi-2
£1,10001/250.27 mi-2
£95012/240.27 mi-2
£1,15001/250.27 mi-2
£1,20012/240.3 miDurley Dean Road, Selly Oak, B292
£1,08212/240.32 miReservoir Road, Selly Oak, Birmingham2
£1,17012/240.32 miHerons Way, Birmingham2
£95012/240.32 miKelfield Avenue, Birmingham2
£95012/240.32 miKelfield Avenue, Birmingham, B172
£95012/240.35 miWeoley Avenue, Birmingham, West Midlands, B29 6PU2
£75003/250.35 mi-2
£75002/240.35 mi-2
£75002/240.35 mi-2
£75003/250.35 mi-2
£1,10002/240.39 mi-2
£1,10004/250.39 mi-2
£1,10012/240.39 miYewdale, Birmingham, B172
£87512/240.45 miAlwold Road, Birmingham2
£1,00002/240.45 mi-2
£1,10003/250.46 mi-2
£1,19512/240.48 miHarborne, B172
£1,09512/240.48 miHarborne Park Road, Harborne2
£91012/240.48 miHarborne Park Road - student property2
£1,27503/240.49 mi-2
£1,27512/240.49 miChurchcroft, Harborne, Birmingham, B172
£80012/240.49 miCastle Road, Bartley Green, Birmingham, West Midlands, B292
£99612/240.51 miReservoir Road, Selly Oak, Birmingham2
£99612/240.51 miReservoir Road, Selly Oak, Birmingham2
£89512/240.52 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£1,10012/240.52 miWoodleigh Avenue, Harborne, B172
£1,28012/240.52 miSt Peters Road, Harborne, BIRMINGHAM2
£1,12612/240.54 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.54 miReservoir Road, Selly Oak, Birmingham2
£1,08212/240.55 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.57 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.57 miReservoir Road, Selly Oak, Birmingham2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.49 miles away

Nearest school

0.50 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

-2%

Property History

Listed for £150,000

January 17, 2025

Floor Plans

Description

  • Ground Floor two bedroom Apartment +
  • Council Tax Band B +
  • Immaculate finish throughout +
  • Fitted modern kitchen +
  • Good Investment opportunity +
  • Service charge £1893.52 per annum +
  • 940 years remaining on the lease +
  • Leasehold +
  • Avaliable End of October +

Are you looking for a stylish and contemporary apartment in the heart of Birmingham? Look no further than this ground floor two-bedroom property, offering a truly immaculate finish throughout.

As you enter the apartment, you will be greeted by a spacious reception area, perfect for entertaining guests or simply relaxing after a long day. The large windows allow for plenty of natural light, creating a bright and airy atmosphere that adds to the overall charm of the space.

The fitted modern kitchen is a standout feature of this property, boasting sleek countertops, ample storage space, and high-quality appliances. Whether you're a culinary enthusiast or simply enjoy cooking for loved ones, this kitchen will exceed your expectations.

Both bedrooms are generously sized and provide a comfortable space to unwind. The neutral décor allows you to personalize the rooms according to your unique style, creating a cosy sanctuary where you can rest and rejuvenate. The contemporary bathroom, with its elegant fixtures and fittings, adds a touch of luxury to your everyday routine.

This apartment also presents an excellent investment opportunity. With its current excellent condition, you can expect years of hassle-free renting or potential capital growth. The property's low council tax band (Band B) further enhances its appeal, making it an attractive option for those looking to live inexpensively in the city centre.

The service charge for this property is £1893.52 per annum, offering you peace of mind knowing that essential maintenance and communal areas are taken care of. Additionally, with 940 years remaining on the lease, you can enjoy the comfort of long-term ownership.

Situated in Birmingham, you'll be surrounded by a wealth of local amenities. From trendy cafes and restaurants to shopping centres and picturesque parks, everything you need is conveniently within reach. The excellent transport links from Birmingham ensure easy access to the rest of the city and beyond, making this location highly desirable for both commuters and professionals.

Agent Details

MECS, Harborne

0121 387 6517

Next Steps?

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