2 Bed Flat, Single Let, Birmingham, B16 9ND, £150,000

18 Spire Court, Edgbaston, B16 9ND - 3 views - 2 months ago

Leasehold
BTL
ROI: 9%
53 m²
+8 photos

ValuationOvervalued

Sold Prices£56.5K - £277K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

53.40 m²
Price/m²£2.8K/m²

Value Estimate

£116,940

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

£850 - £2,750

Rent Estimate

£995

Running Costs/mo

£688

Cashflow/mo

£307

Cashflow/yr

£3,687

ROI

9%

Gross Yield

8%

Local Sold Prices

41 sold prices from £56.5K to £277K, average is £135K. £1.1K/m² to £4.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£130K10/210.04 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.04 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.04 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.05 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/200.12 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.12 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.12 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.12 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£160K03/210.17 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.17 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.17 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£255.5K02/210.19 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£255K06/210.32 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.32 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£270K11/220.49 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.55 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.55 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£140K07/210.61 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£268K08/220.73 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£220K08/210.78 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£123K06/210.82 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.82 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£65K09/210.91 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.91 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.91 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.91 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.91 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.91 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.91 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.91 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.91 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.91 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.91 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.91 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.91 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.91 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£132K04/210.92 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.92 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.94 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.94 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.94 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2

Local Rents

50 rents from £850/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,07512/240.02 miSpire Court, Manor Road, Edgbaston, Birmingham2
£1,20012/240.02 miSpire Court, Manor Road, Edgbaston, B162
£1,14902/240.02 mi-2
£1,15003/240.03 mi-2
£1,00012/240.03 mi-2
£95004/250.03 mi-2
£1,15012/240.04 miFlat , Holly Mount, Hagley Road, Birmingham2
£1,30004/250.04 mi-2
£1,20002/250.04 mi-2
£99502/250.04 mi-2
£99512/240.05 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£1,15012/240.08 miSt. Augustines Road, Birmingham2
£1,25012/240.08 miSt Augustines Court, St Augustines Road, Edgbaston2
£2,75012/240.1 mi-2
£1,49512/240.12 mi-2
£1,25002/250.12 mi-2
£1,10003/250.12 mi-2
£2,40012/240.18 mi-2
£1,20012/240.19 miLime Court, 206a Hagley Road, Birmingham, B162
£85012/240.2 miWest Point, Edgbaston2
£99512/240.2 miWest Point, Hermitage Road, Edgbaston, Birmingham, B15 3US2
£85004/250.21 mi-2
£95004/250.22 mi-2
£1,05012/240.23 miHowfield Court, 395 Gillott Road, Edgbaston 2
£1,05012/240.23 miPortland Road, BIRMINGHAM2
£1,19512/240.25 miWoodbourne, Edgbaston2
£1,80003/250.26 mi-2
£1,59512/240.27 miYork Road, Edgbaston, Birmingham, B16 9JA2
£1,05012/240.27 miElmhurst, Norfolk Road2
£1,25012/240.29 miWoodbourne, Augustus Road, Edgbaston2
£1,10012/240.3 miStanmore Road, BIRMINGHAM2
£1,00012/240.3 miStanmore Road, BIRMINGHAM2
£1,15012/240.3 miStanmore Road, Smethwick2
£1,17501/250.3 mi-2
£1,20003/250.3 mi-2
£92503/240.31 mi-2
£92503/240.31 mi-2
£92512/240.31 miYork Road, Edgbaston, Birmingham, B162
£99512/240.32 miWoodbourne, Augustus Road, Edgbaston, Birmingham, B152
£95012/240.34 miYork Road, Edgbaston, Birmingham2
£1,40012/240.34 mi-2
£1,40012/240.34 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£1,25012/240.34 miWoodbourne, Augustus Road, Edgbaston, B152
£1,45012/240.38 miWestfield Road2
£1,45012/240.38 miWestfield Road, Edgbaston, B152
£1,40003/250.4 mi-2
£90012/240.41 miWheatsheaf Road, Edgbaston2
£99512/240.42 miMeadow Court, Meadow Road, Edgbaston, Birmingham, B172
£1,05012/240.45 mi-2
£99503/250.45 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.90 miles away

Nearest school

0.20 miles away

Nearest train station

1.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £150,000

February 11, 2025

Description

  • Two Bedroom Apartment +
  • 7.96% Potential Yield +
  • Open Plan Lounge / Kitchen +
  • Ground Rent: £200 +
  • Service Charge: £1600 +
  • Minutes Walk from Hagley Road +
  • Allocated Parking +
  • Secure Fob Entry +
  • Close Transport Links +
  • Juliette Balcony +

Well presented two bedroom (one double & one single) property in Spire Court development. Property is unfurnished with all white goods integrated in the kitchen. Two bedrooms one with built in wardrobe. Open plan kitchen/living room and Juliette balcony. Secure fob entry. One allocated parking space.

This property in Spire Court development is a fantastic opportunity for those seeking investment or a comfortable and convenient home in a desirable location.

A two bedroom one bathroom apartment in Spire Court.

The Property:
• Two bedroom apartment with one bathroom
• Situated on the upper floor
• The property has secure parking
• Council Tax Band: D
• Energy Efficiency Rating: C Environmental Impact Rating: C

Additional Features:
• Electric heating
• A fully equipped kitchen including: fridge freezer, washing machine
• Additional built in storage

The Development:
• Secure entry
• Communal bin store

Lease Information
• Service Charge: £1,600 approx. per annum
• Ground Rent: £200 approx
• Lease: 102 years
• Rent potential: £995PCM

Lease and ground rent details and tenancy details have been provided by the vendor and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your solicitor.

PLACES BIRMINGHAM ARE MEMBERS OF:

ARLA Propertymark (Client Money Protection)
The Property Ombudsman
The Tenancy Deposit Scheme (TDS)

Agent Details

Places, Birmingham

0121 387 6508

Next Steps?

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