2 Bed Flat, Single Let, Birmingham, B15 3RL, £160,000

112 Chadbrook Crest, Richmond Hill Road, Edgbaston, Birmingham, B15 3RL - 1 views - 3 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+16 photos

ValuationUndervalued

Sold Prices£82.5K - £500K
Sold Prices/m²£1.8K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£182,616
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£925 - £2,000

Rent Estimate

£925

Running Costs/mo

£705

Cashflow/mo

£220

Cashflow/yr

£2,640

ROI

6%

Gross Yield

7%

Local Sold Prices

32 sold prices from £82.5K to £500K, average is £172K. £1.8K/m² to £4.9K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£220K08/210.05 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£145K10/200.19 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.19 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.19 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.19 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.19 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.19 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£255K10/220.31 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£255K06/210.56 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.56 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£255.5K02/210.67 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£130K05/210.78 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£167K11/200.79 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.79 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.79 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.79 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£268K08/220.81 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£160K03/210.83 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.83 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.83 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£130K10/210.87 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.87 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.87 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.88 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£100K12/200.9 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£144.5K09/210.94 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.95 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.95 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.95 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.95 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£175K08/210.96 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£185K05/210.98 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2

Local Rents

48 rents from £925/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,09502/240.05 mi-2
£1,15012/240.1 miOrmsby Court, Richmond Hill Road, Edgbaston, B152
£1,15012/240.14 miMalmesbury Park, Harborne Road, Edgbaston2
£1,17503/240.14 mi-2
£1,25004/250.14 mi-2
£1,19512/240.14 miMalmesbury Park, Birmingham, B152
£1,15012/240.17 miMalmesbury Park, 8 Hawthorne Road, Edgbaston2
£1,25012/240.18 miRichmond Hill Road, Edgbaston, Birmingham, B15 3RU2
£95012/240.18 miRichmond Hill Road, Birmingham2
£1,10012/240.21 miHigh Point, Richmond Hill Road, Birmingham, B15 3RU2
£1,20012/240.21 miHigh Point, Richmond Hill Road, Edgbaston, B152
£1,05012/240.22 miChad Square, Edgbaston2
£1,20012/240.28 mi22 Niall Close, Birmingham, West Midlands, B15 3LX2
£1,15012/240.31 miCrofters Court, Edgbaston2
£1,20012/240.31 miCrofters Court, Edgbaston2
£1,15012/240.31 miCrofters Court, Edgbaston2
£1,50012/240.31 miThe Coach House, 28 Westfield road, Edgbaston, Birmingham, West Midlands2
£1,50012/240.42 miNursery Road, Edgbaston2
£1,35012/240.42 miBroad Street, Birmingham, B152
£1,35012/240.42 miBroad Street, Birmingham, B152
£1,29512/240.45 miHigh Street, Harborne2
£1,55003/250.46 mi-2
£1,15012/240.48 miHartley Place, Edgbaston, Birmingham, B152
£1,15012/240.48 mi-2
£1,20004/250.48 mi-2
£1,24512/240.49 miMetchley Lane, Birmingham, B17 0HT2
£1,05012/240.5 miWhetstone Close, Farquhar Road, Edgbaston, B152
£1,30012/240.52 miKenilworth Court, Hagley Road, Birmingham, B162
£1,10012/240.52 miGordon Road, Harborne2
£92512/240.53 miSaco House, 80 Hagley Road, Edgbaston, Birmingham, B162
£1,20012/240.53 miWhetstone Close, Farquhar Road, Edgbaston2
£1,25012/240.54 miWoodbourne, Augustus Road, Edgbaston, B152
£1,00012/240.55 miGordon Road, Harborne, Birmingham2
£2,00002/240.55 mi-2
£99512/240.56 miWoodbourne, Augustus Road, Edgbaston, Birmingham, B152
£1,25012/240.56 miWoodbourne, Augustus Road, Edgbaston2
£1,05012/240.56 miElmhurst, Norfolk Road2
£97512/240.57 miHagley Road, Birmingham, B162
£1,20004/250.59 mi-2
£1,40003/250.59 mi-2
£95012/240.6 miHigh Street, Harborne, B172
£92512/240.6 mi80 Hagley Road, Edgbaston, Birmingham2
£1,17012/240.6 miGreenfield Road, Harborne, Birmingham2
£1,20012/240.6 miClarence Road, Harborne, B172
£1,19612/240.6 miHagley Road, Birmingham, B162
£1,40012/240.61 mi-2
£1,26512/240.61 miRose Road, Harborne, Birmingham2
£1,00012/240.61 miRose Road, Harborne, Birmingham2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

2.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £160,000

January 22, 2025

Floor Plans

Description

  • 12TH FLOOR APARTMENT +
  • TWO BEDROOMS, RECEPTION ROOM +
  • TWO BALCONIES WITH DELIGHTFUL VIEWS +
  • GARAGE. NO CHAIN. EXTENDED LEASE +

A well situated 12th floor apartment enjoying delightful and extensive views. Double glazing as specified, lift service, hall with cloaks/store cupboard, living/dining room, two private balconies, fitted kitchen, two bedrooms with built in wardrobes, bathroom/WC, garage in separate block, extended lease of 125 years and no upward chain.

Chadbrook Crest is very well situated between Richmond Hill Road and Harborne Road. It is close to local shops in Chad Square, also regular transport services along Harborne Road leading through to comprehensive City Centre leisure, entertainment and shopping facilities. Further excellent amenities are available on and around Harborne High Street, and it is readily accessible to the Queen Elizabeth Hospital, the University of Birmingham and Harborne Leisure Centre.

The development, which has the services of a caretaker, is set in delightful mainly lawned landscaped grounds with trees, borders and some communal parking facilities. Approach from Richmond Hill Road is via a communal entrance hall with security answerphone system. A lift service or staircase affords access to the floors.

Lift provides access to the 11th floor and further stairs to 12th floor. Entrance door leads to:

Hallway - Having two ceiling light point, security answerphone, dado rail and useful built in storage cupboard.

Reception Room - 5.61m max x 3.53m max (18'4" max x 11'6" max) - Having two ceiling light points, double glazed window and doors leading to balconies.

Kitchen - 3.32m max x 1.99m max (10'10" max x 6'6" max) - Having vinyl flooring, built-in storage cupboard housing water meter, a range of base units with roll top over, 1 1/2 inset bowl sink drainer with mixer tap over, plumbing for washing machine, electric oven with electric hob over, and space for appliances. Serving hatch into reception room, partial tiling to walls, ceiling light point and double glazed window overlooking second balcony.

Bedroom One - 2.82m max x 4.63m max (9'3" max x 15'2" max) - Having ceiling light point, built in storage cupboard, double glazed window and double glazed door leading to balcony.

Bedroom Two - 3.08m max x 3.21m max (10'1" max x 10'6" max) - Having ceiling light point, built in storage cupboard and double glazed window overlooking balcony.

Bathroom - 2.44m (into shower) x 1.69m max (8'0" (into shower - Having low flush WC, hand wash basin with storage underneath, shavers plug, panelled bathtub with wall mounted electric shower and showerhead, ceiling light point, vinyl flooring and airing cupboard housing water tank.

Outside - Garage in separate block.

Additional Information - Tenure: We have been advised the property is leasehold and has 123 years remaining. There is a service charge of 3521.24 per annum.
Council Tax Band: B

Agent Details

Englands Estate Agents, Harborne

0121 387 6321

Next Steps?

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