2 Bed Flat, Single Let, Birmingham, B17 8HB, £125,000

Willow Avenue, Edgbaston. , B17 8HB - 2 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+4 photos

ValuationUndervalued

Sold Prices	£56.5K - £270K
Sold Prices/m²	£1.1K/m² - £2.8K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£150,737£150,737
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£750 - £1,950£750 - £1,950
Rent Estimate	£850
Running Costs/mo	£581£581
Cashflow/mo	£269£269
Cashflow/yr	£3,233£3,233
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

47 sold prices from £56.5K to £270K, average is £135K. £1.1K/m² to £2.8K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£60K	05/23	0.04 mi	Flat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£69.5K	05/22	0.04 mi	Flat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£76.5K	08/21	0.04 mi	Flat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£67.5K	02/21	0.04 mi	Flat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£63K	06/21	0.04 mi	Flat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70K	08/23	0.04 mi	Flat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70K	10/22	0.04 mi	Flat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£77.5K	11/23	0.04 mi	Flat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£70.5K	12/22	0.04 mi	Flat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£65K	09/21	0.04 mi	Flat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£63K	09/22	0.04 mi	Flat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£57.5K	08/22	0.04 mi	Flat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£65K	01/22	0.04 mi	Flat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£56.5K	08/22	0.04 mi	Flat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD	-	-	2	Flat
£123K	06/21	0.24 mi	49, Hickory Drive, Birmingham, West Midlands B17 8HL	£1,830	67	2	Flat
£70.5K	01/23	0.24 mi	35, Hickory Drive, Birmingham, West Midlands B17 8HL	£1,052	67	2	Flat
£112K	03/23	0.43 mi	Flat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN	-	-	2	Flat
£144.9K	06/21	0.46 mi	Flat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat
£144.9K	06/21	0.47 mi	Flat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat
£140K	12/20	0.47 mi	Flat 2, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW	-	-	2	Flat
£135K	04/21	0.49 mi	Apartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£135K	04/21	0.49 mi	Apartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£270K	11/22	0.55 mi	Apartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE	-	-	2	Flat
£193K	11/22	0.65 mi	36, Sheepmoor Close, Birmingham, West Midlands B17 8TD	£2,838	68	2	Flat
£170K	08/21	0.65 mi	36, Sheepmoor Close, Birmingham, West Midlands B17 8TD	£2,500	68	2	Flat
£115K	09/22	0.65 mi	37, Sheepmoor Close, Birmingham, West Midlands B17 8TD	£1,691	68	2	Flat
£155K	02/23	0.66 mi	63, Sheepmoor Close, Birmingham, West Midlands B17 8TD	£2,279	68	2	Flat
£180K	02/23	0.69 mi	18, Spreadbury Close, Birmingham, West Midlands B17 8TQ	£2,647	68	2	Flat
£157K	02/23	0.7 mi	43, Winchfield Drive, Birmingham, West Midlands B17 8TG	-	-	2	Flat
£142.3K	06/21	0.7 mi	37, Winchfield Drive, Birmingham, West Midlands B17 8TG	-	-	2	Flat
£170K	09/22	0.72 mi	6, Walmead Croft, Birmingham, West Midlands B17 8TH	£2,500	68	2	Flat
£175K	11/22	0.74 mi	46, Walmead Croft, Birmingham, West Midlands B17 8TH	£2,574	68	2	Flat
£140K	07/21	0.75 mi	20, Brewers Square, Birmingham, West Midlands B16 0PN	£2,326	60	2	Flat
£160K	03/21	0.86 mi	Flat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£82.5K	08/23	0.86 mi	Flat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£141K	05/23	0.86 mi	Flat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US	-	-	2	Flat
£143.5K	03/21	0.86 mi	Flat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,021	71	2	Flat
£130K	10/21	0.87 mi	Flat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE	-	-	2	Flat
£135K	11/20	0.87 mi	Flat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	£2,213	61	2	Flat
£147K	08/21	0.87 mi	Flat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG	-	-	2	Flat
£167K	11/20	0.9 mi	12, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,427	69	2	Flat
£162.5K	11/21	0.9 mi	33, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,167	75	2	Flat
£155K	03/21	0.9 mi	73, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,039	76	2	Flat
£200K	03/23	0.9 mi	10, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,703	74	2	Flat
£101K	05/21	0.94 mi	210, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,741	58	2	Flat
£104K	08/22	0.94 mi	212, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,768	59	2	Flat
£103K	02/22	0.94 mi	200, Cape Hill, Smethwick, West Midlands B66 4SJ	£1,821	57	2	Flat

Local Rents

50 rents from £750/mo to £1.9K/mo, average is £995/mo.

Rent	Date	Distance	Address	Beds	Type
£975	12/24	0.1 mi	Merrivale Road, Bearwood, Birmingham, B66	2	Terraced House
£895	12/24	0.11 mi	Poplar Road, Bearwood, Birmingham, West Midlands, B66	2	Terraced House
£950	02/25	0.12 mi	-	2	Terraced House
£1,212	12/24	0.15 mi	Sandon Road, Birmingham	2	Flat
£875	12/24	0.18 mi	-	2	Terraced House
£875	12/24	0.18 mi	-	2	Flat
£875	12/24	0.18 mi	Cardinal Close, Birmingham, B17	2	Flat
£825	12/24	0.19 mi	Poplar Avenue B17	2	Flat
£1,150	02/25	0.21 mi	-	2	Terraced House
£750	02/24	0.22 mi	-	2	Terraced House
£1,200	12/24	0.25 mi	Weston Road, Birmingham, B67	2	Terraced House
£1,200	03/24	0.25 mi	-	2	Terraced House
£950	12/24	0.25 mi	Reginald Road, Smethwick	2	Flat
£925	12/24	0.27 mi	Reginald Road, Smethwick, West Midlands, B67	2	Terraced House
£895	12/24	0.28 mi	Gladys Road, Smethwick, West Midlands, B67	2	Terraced House
£995	12/24	0.28 mi	Lightwoods Road, Bearwood, West Midlands	2	Flat
£850	12/24	0.28 mi	Bearwood, Smethwick, B66	2	Flat
£850	12/24	0.28 mi	Bearwood, Smethwick, B66	2	Flat
£850	03/24	0.28 mi	-	2	Flat
£875	12/24	0.3 mi	Bearwood Road, Smethwick	2	Flat
£925	02/25	0.3 mi	-	2	Terraced House
£995	12/24	0.32 mi	Hagley Road, Edgbaston, Birmingham	2	Flat
£850	02/24	0.32 mi	-	2	Terraced House
£1,149	04/25	0.32 mi	-	2	Semi-Detached House
£950	12/24	0.33 mi	Milcote Road, Smethwick	2	Terraced House
£995	12/24	0.33 mi	Milcote Road, Smethwick	2	Terraced House
£875	12/24	0.33 mi	Hagley Road, Harborne, Birmingham	2	Flat
£850	02/24	0.34 mi	-	2	Terraced House
£1,000	03/25	0.34 mi	-	2	Terraced House
£900	12/24	0.35 mi	Marlborough Road, Smethwick, West Midlands, B66	2	Terraced House
£1,165	12/24	0.36 mi	City Road, Edgbaston, Birmingham, B17	2	Flat
£1,155	12/24	0.36 mi	City Road, Edgbaston, Birmingham, B17	2	Flat
£1,275	03/25	0.4 mi	-	2	Terraced House
£1,000	12/24	0.41 mi	Cornerways, Flat 2 Hagley Road	2	Flat
£1,050	04/25	0.42 mi	-	2	Terraced House
£1,250	01/25	0.42 mi	-	2	Terraced House
£1,950	04/25	0.42 mi	-	2	Terraced House
£1,200	03/25	0.42 mi	-	2	Flat
£900	02/24	0.45 mi	-	2	Flat
£975	12/24	0.46 mi	-	2	Flat
£1,200	03/25	0.47 mi	-	2	Flat
£1,900	04/25	0.47 mi	-	2	Detached House
£1,400	12/24	0.49 mi	Cavendish Court, Oakhill Close, Harborne, B17	2	Flat
£995	12/24	0.51 mi	Meadow Court, Meadow Road, Edgbaston, Birmingham, B17	2	Flat
£1,150	01/25	0.52 mi	-	2	Terraced House
£1,150	01/25	0.52 mi	-	2	Terraced House
£1,300	04/25	0.52 mi	-	2	Terraced House
£895	12/24	0.55 mi	Waterloo Road, Smethwick	2	Terraced House
£1,000	01/25	0.57 mi	-	2	Flat
£1,100	12/24	0.59 mi	Hagley Road West, Birmingham	2	Flat

Local Area Statistics

Population in B17	25,62525,625
Population in Birmingham	1,034,8211,034,821
Town centre distance	3.81 miles away3.81 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.11 miles away1.11 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	-2%-2%

Property History

Listed for £125,000

February 17, 2025

Floor Plans

Description

Two Bedroom Second Floor Flat +
EPC Rating: D +
Living Dining Room +
Fitted Kitchen +
Garage Located En-Block +
Private Allocated Garden +
Lease 999 years from 24th June 1966 +
Peppercorn Ground Rent +
Service Charges 25/12/24 to 24/12/25 - £1,701 per annum +
No Upward Chain +

A second floor TWO BEDROOM flat with GARAGE and 940 YEAR LEASE in a desirable location on the Edgbaston and Bearwood borders. Viewings VITAL to appreciate accommodation on offer. Benefiting from uPVC double glazing and combi gas central heating, this ideal first time purchase or buy to let investment comprises; hallway, living room, kitchen, two bedrooms, bathroom, private allocated garden and garage located en-block. Sold with NO UPWARD CHAIN. Tenure: Leasehold and Share of Freehold, EPC Rating: D, Council Tax Band: B.

Agent Details

Cottons, Edgbaston

0121 387 6318

Next Steps?

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

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