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

£181,500
BMV21%

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 
£165K03/230.02 mi73, Arosa Drive, Birmingham, West Midlands B17 0SD2
£155K12/220.02 mi39, Arosa Drive, Birmingham, West Midlands B17 0SB2
£155K01/230.02 mi67, Arosa Drive, Birmingham, West Midlands B17 0SD2
£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
£151K09/210.56 mi53, Leahurst Crescent, Harborne, Birmingham, West Midlands B17 0LG2
£185K05/210.59 mi59, Humphrey Middlemore Drive, Birmingham, West Midlands B17 0JJ2
£175K08/210.6 mi29, Griffin Gardens, Harborne, Birmingham, West Midlands B17 0HU2
£150K08/210.75 mi77, Wellman Croft, Birmingham, West Midlands B29 6NR2
£100K12/200.75 mi14, Waterward Close, Harborne, Birmingham, West Midlands B17 0DP2
£114.5K10/210.77 mi2, Wellman Croft, Birmingham, West Midlands B29 6NP2
£130K05/210.78 miFlat 17, Kendal Tower, Malins Road, Birmingham, West Midlands B17 0JY2
£80K05/230.85 miFlat 54, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£100K07/230.85 miFlat 2, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£147K08/220.85 mi4, Cedarhurst, Birmingham, West Midlands B32 2JZ2
£82K08/220.86 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2
£145K01/230.86 mi46, Savoy Close, Birmingham, West Midlands B32 2JA2
£150K11/220.89 mi64, Savoy Close, Birmingham, West Midlands B32 2JA2
£215K03/210.95 mi15, Fellows Lane, Birmingham, West Midlands B17 9TS2
£224K03/210.95 mi3, Fellows Lane, Birmingham, West Midlands B17 9TS2
£235K07/230.95 mi1a, Fellows Lane, Birmingham, West Midlands B17 9TS2
£196K09/210.96 mi88, Court Oak Road, Birmingham, West Midlands B17 9TN2
£87.5K11/230.98 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 
£1,10012/240.02 mi-2
£1,10012/240.02 mi-2
£92503/240.02 mi-2
£1,20002/250.02 mi-2
£92512/240.02 miArosa Drive, Birmingham, B172
£1,10012/240.04 miArosa Drive, Birmingham2
£1,10002/250.14 mi-2
£95012/240.14 mi134 Quinton Road, B17 0QA2
£1,00012/240.16 miLynn Grove, Selly Oak, B292
£1,00001/240.2 mi-2
£1,40012/240.21 mi-2
£1,10002/240.21 mi-2
£1,10001/250.21 mi-2
£1,05012/240.23 mi-2
£1,15001/250.23 mi-2
£95012/240.24 mi-2
£1,20012/240.24 miDurley Dean Road, Selly Oak, B292
£95012/240.29 miWeoley Avenue, Birmingham, West Midlands, B29 6PU2
£1,44312/240.29 miStudent 2 Bed 2 Bath Duplex Apartment, Harborne, B17 0QH2
£75812/240.29 miDeluxe ensuite student room, in a 2 bed duplex flat, Harborne, Birmingham2
£1,08212/240.29 miReservoir Road, Selly Oak, Birmingham2
£1,17012/240.3 miHerons Way, Birmingham2
£75003/250.37 mi-2
£75002/240.37 mi-2
£75002/240.37 mi-2
£75003/250.37 mi-2
£95012/240.38 miKelfield Avenue, Birmingham2
£95012/240.38 miKelfield Avenue, Birmingham, B172
£1,00002/240.4 mi-2
£1,10003/250.41 mi-2
£87512/240.41 miAlwold Road, Birmingham2
£1,10002/240.44 mi-2
£1,10004/250.44 mi-2
£1,10012/240.44 miYewdale, Birmingham, B172
£80012/240.46 miCastle Road, Bartley Green, Birmingham, West Midlands, B292
£99612/240.49 miReservoir Road, Selly Oak, Birmingham2
£99612/240.49 miReservoir Road, Selly Oak, Birmingham2
£1,09512/240.5 miHarborne Park Road, Harborne2
£91012/240.5 miHarborne Park Road - student property2
£1,19512/240.5 miHarborne, B172
£1,12612/240.52 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.52 miReservoir Road, Selly Oak, Birmingham2
£1,08212/240.53 miReservoir Road, Selly Oak, Birmingham2
£90002/250.54 mi-2
£1,10012/240.54 miWoodleigh Avenue, Harborne, B172
£1,27503/240.54 mi-2
£1,27512/240.54 miChurchcroft, Harborne, Birmingham, B172
£1,12612/240.54 miReservoir Road, Selly Oak, Birmingham2
£1,12612/240.54 miReservoir Road, Selly Oak, Birmingham2
£89512/240.57 miNorthfield Road, Harborne, Birmingham, West Midlands, B17 0ST2

Local Area Statistics

Population in B17

25,625

Population in Birmingham

1,034,821

Town centre distance

3.51 miles away

Nearest school

0.50 miles away

Nearest train station

0.97 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 17, 2025

Floor Plans

Description

  • Superbly Presented Two Bedroom Apartment +
  • Ground Floor +
  • Set in Quiet Cul-De-Sac within Beautifully Maintained Communal Grounds +
  • Garage Included +
  • Long Leasehold +
  • Residents Parking On-Site +
  • Excellent Access to QE Medical Complex and Harborne High Street +
  • 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. This ground floor apartment includes both a modernised kitchen and bathroom and additionally benefits from a garage and residents parking. Ideal for both first time buyers and Investment.

The property is set within quiet and well maintained communal grounds, it provides gas central heating and is fully double glazed. The property accommodation comprises entrance hallway which offers some excellent storage space and access to all the internal accommodation. A modern re-fitted kitchen is complete with wall and base level units and complimentary work surfaces, the kitchen appliances are all fully integrated which include oven with electric hob and extractor fan, washer dryer and fridge freezer. There is a spacious lounge with dual aspect windows overlooking the front of the property, and two generously sized bedrooms, one which is currently used as the home office. All complimented with a partly tiled bathroom which includes a WC, wash hand basin and bath with separate shower.

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. Key points of interest which are easily accessible include most notably the Queen Elizabeth Medical Complex but also The University of Birmingham and Birmingham City Centre.

Agent Details

Hunters, Harborne

0121 387 6551

Next Steps?

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