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

Arosa Drive, Harborne, Birmingham, B17 0SB - 2 views - 2 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+6 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

£183,000
BMV22%

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 
£139K04/210.02 mi45, Arosa Drive, Birmingham, West Midlands B17 0SB2
£140K02/210.02 mi43, Arosa Drive, Birmingham, West Midlands B17 0SB2
£135K11/220.04 mi40, Arosa Drive, Birmingham, West Midlands B17 0SE2
£152K04/230.04 mi28, Arosa Drive, Birmingham, West Midlands B17 0SE2
£165K03/230.04 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.04 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.04 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£151K09/210.56 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£185K05/210.6 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£175K08/210.61 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£100K12/200.75 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£150K08/210.77 mi77, Wellman Croft, Birmingham, West Midlands B29 6NR2
£130K05/210.79 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£114.5K10/210.79 mi2, Wellman Croft, Birmingham, West Midlands B29 6NP2
£147K08/220.84 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£80K05/230.84 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.84 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£145K01/230.85 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£82K08/220.85 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£150K11/220.87 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£215K03/210.93 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.93 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.93 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£196K09/210.94 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 
£92512/240.02 miArosa Drive, Birmingham, B172
£92503/240.02 mi-2
£1,20002/250.02 mi-2
£1,10012/240.03 mi-2
£1,10012/240.03 mi-2
£1,10012/240.06 miArosa Drive, Birmingham2
£1,10002/250.16 mi-2
£95012/240.16 mi134 Quinton Road, B17 0QA2
£1,00012/240.17 miLynn Grove, Selly Oak, B292
£1,00001/240.22 mi-2
£1,05012/240.22 mi-2
£1,40012/240.22 mi-2
£1,10002/240.22 mi-2
£1,10001/250.22 mi-2
£1,15001/250.23 mi-2
£95012/240.23 mi-2
£1,20012/240.26 miDurley Dean Road, Selly Oak, B292
£1,44312/240.27 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.27 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£95012/240.3 miWeoley Avenue, Birmingham, West Midlands, B29 6PU2
£1,08212/240.31 miReservoir Road, Selly Oak, Birmingham2
£1,17012/240.32 miHerons Way, Birmingham2
£95012/240.37 miKelfield Avenue, Birmingham2
£95012/240.37 miKelfield Avenue, Birmingham, B172
£75003/250.38 mi-2
£75002/240.38 mi-2
£75002/240.38 mi-2
£75003/250.38 mi-2
£87512/240.4 miAlwold Road, Birmingham2
£1,00002/240.41 mi-2
£1,10003/250.43 mi-2
£1,10002/240.44 mi-2
£1,10004/250.44 mi-2
£1,10012/240.44 miYewdale, Birmingham, B172
£80012/240.45 miCastle Road, Bartley Green, Birmingham, West Midlands, B292
£99612/240.51 miReservoir Road, Selly Oak, Birmingham2
£99612/240.51 miReservoir Road, Selly Oak, Birmingham2
£1,19512/240.51 miHarborne, B172
£1,09512/240.51 miHarborne Park Road, Harborne2
£91012/240.51 miHarborne Park Road - student property2
£1,27503/240.53 mi-2
£1,27512/240.53 miChurchcroft, Harborne, Birmingham, B172
£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
£1,10012/240.55 miWoodleigh Avenue, Harborne, B172
£90002/250.56 mi-2
£89512/240.56 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2
£1,12612/240.56 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.56 miReservoir Road, Selly Oak, Birmingham2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.52 miles away

Nearest school

0.50 miles away

Nearest train station

0.99 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

February 14, 2025

Floor Plans

Description

  • Superbly Presented Ground Floor Apartment +
  • Two Double Bedrooms +
  • In Close Proximity to both QE Medical Complex and Birmingham University +
  • Modern Refitted Kitchen +
  • Residents Parking and Garage En-Bloc +
  • Convenient Access Links to Harborne, Selly Oak and Birmingham City Centre +
  • No Upwards Chain +
  • EPC Rating C +

A superbly presented two bedroom apartment situated in this quiet cul-de-sac location in Harborne in excellent proximity of Queen Elizabeth Medical Complex and Birmingham University. The apartment located on the ground floor and provides two double bedrooms and a garage en-bloc with additional residents parking. The property is Ideal for both first time buyers or Investment as it is currently let on a rolling month basis. Being sold with No Upward Chain.

The property is set within quiet and well maintained communal grounds, with gas central heating and being fully double glazed. The apartment comprises entrance hallway which provides plenty of storage space and access to all the internal accommodation. A good sized refitted kitchen is complete with wall and base level units with complimentary work surfaces and tiled splash-back, integrated oven with electric hob and extractor above with space for all other kitchen appliances. A spacious lounge with dual aspect windows provides space for living and dining room furniture, complimented by two generously sized double bedrooms. The property is completed with a partly tiled bathroom which includes a WC, wash hand basin and bath with separate shower. The property is surrounded by quiet, well maintained communal grounds with a garage located at the rear of the block and surrounded by residents parking.

The property is located in this highly sought after cul-de-sac neighborhood within close proximity of plenty of local amenities including shops, cafés and transport facilities from both Harborne and Selly Oak. The property is ideally situated, next to Bournbrook walkway and just off Quinton Road, providing convenient access to most notably the Queen Elizabeth Medical Complex but also The University of Birmingham and Birmingham City Centre.

Leasehold Information - We understand that the property is a leasehold with approximately 940 years remaining on the lease, with an annual service charge payable of approximately £2,108.00 with no ground rent payable. (Please ensure your solicitor verifies the lease and service charge information prior to purchase).

Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions. It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed. Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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