2 Bed Terraced House, Single Let, Birmingham, B16 8BS, £180,000

Galileo Building , 40 Ryland Street , B16 8BS - 2 months ago

Leasehold

BTL

ROI: 6%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£100K - £525K
Sold Prices/m²	£1.1K/m² - £4.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.6K/m²
Value Estimate	£192,350£192,350
BMV	7%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£11,300£11,300
Total Cash In	£56,300£56,300

Cash Out
Rent Range	£950 - £2,800£950 - £2,800
Rent Estimate	£1,066
Running Costs/mo	£796£796
Cashflow/mo	£270£270
Cashflow/yr	£3,244£3,244
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £100K to £525K, average is £170K. £1.1K/m² to £4.4K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£192.5K	05/22	0.32 mi	56, Roseland Way, Birmingham, West Midlands B15 1HD	£3,702	52	2	Terraced House
£120K	04/23	0.43 mi	38, St Marks Crescent, Birmingham, West Midlands B1 2PX	£1,667	72	2	Terraced House
£182.5K	02/23	0.5 mi	10, Clark Street, Birmingham, West Midlands B16 9ES	£3,349	55	2	Semi-Detached House
£146.3K	09/21	0.55 mi	42, Osler Street, Birmingham, West Midlands B16 9EU	£2,216	66	2	Semi-Detached House
£235K	01/23	0.64 mi	16, Wyndham Road, Birmingham, West Midlands B16 9RJ	£3,917	60	2	Terraced House
£225K	04/23	0.64 mi	22, Wyndham Road, Birmingham, West Midlands B16 9RJ	£3,879	58	2	Terraced House
£235K	02/23	0.64 mi	6, Wyndham Road, Birmingham, West Midlands B16 9RJ	£3,645	64	2	Terraced House
£305K	09/21	0.75 mi	68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW	£3,923	78	2	Semi-Detached House
£232K	06/21	0.76 mi	20, Vernon Court, Edgbaston, Birmingham, West Midlands B16 9SN	£1,089	213	2	Terraced House
£305K	09/21	0.76 mi	68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW	£3,923	78	2	Semi-Detached House
£370K	01/22	0.76 mi	69, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW	£3,246	114	2	Terraced House
£310K	12/22	0.78 mi	3, St Catherines Close, Birmingham, West Midlands B15 2FE	£4,247	73	2	Semi-Detached House
£245K	12/21	0.78 mi	36, St Catherines Close, Birmingham, West Midlands B15 2FE	£3,182	77	2	Semi-Detached House
£146K	09/21	0.81 mi	2, Summerfield Crescent, Birmingham, West Midlands B16 0EL	£3,578	41	2	Terraced House
£138K	12/20	0.88 mi	12, Emily Gardens, Birmingham, West Midlands B16 0ED	£2,706	51	2	Terraced House
£152.5K	01/21	1.08 mi	81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA	£2,824	54	2	Terraced House
£152.5K	01/21	1.08 mi	81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA	£2,824	54	2	Terraced House
£141K	03/22	1.14 mi	28, Cuthbert Road, Birmingham, West Midlands B18 4AG	-	-	2	Semi-Detached House
£525K	06/21	1.15 mi	3, Moorland Road, Birmingham, West Midlands B16 9JP	£3,459	152	2	Detached House
£142.5K	05/22	1.16 mi	73a, Carlisle Street, Birmingham, West Midlands B18 7EW	-	-	2	Semi-Detached House
£128K	06/21	1.23 mi	72, Norman Street, Birmingham, West Midlands B18 7ER	£1,855	69	2	Terraced House
£205K	10/22	1.24 mi	44, Whitmore Street, Birmingham, West Midlands B18 5BP	£2,278	90	2	Terraced House
£145K	01/23	1.24 mi	37, Whitmore Street, Birmingham, West Midlands B18 5BP	-	-	2	Terraced House
£170K	07/22	1.24 mi	69, Cuthbert Road, Birmingham, West Midlands B18 4AH	£2,982	57	2	Semi-Detached House
£165K	06/21	1.25 mi	7, Berrington Walk, Birmingham, West Midlands B5 7BX	-	-	2	Terraced House
£165K	06/22	1.25 mi	7, Berrington Walk, Birmingham, West Midlands B5 7BX	-	-	2	Terraced House
£260K	08/22	1.27 mi	9, Aboyne Close, Edgbaston, Birmingham, West Midlands B5 7PQ	£2,580	101	2	Terraced House
£206K	06/21	1.27 mi	11, Gate Lane, Birmingham, West Midlands B16 0NF	£3,552	58	2	Semi-Detached House
£220K	11/20	1.27 mi	2, Bordesley Street, Birmingham, West Midlands B5 5PG	£2,546	86	2	Terraced House
£120K	09/22	1.27 mi	1, Stockdale Place, Birmingham, West Midlands B15 3XH	£1,600	75	2	Terraced House
£175K	03/22	1.28 mi	23, Stockdale Place, Birmingham, West Midlands B15 3XH	£2,365	74	2	Terraced House
£195K	02/22	1.3 mi	9, Hay Park, Birmingham, West Midlands B5 7LT	£4,333	45	2	Semi-Detached House
£120K	09/22	1.31 mi	16, Wood Green Road, Birmingham, West Midlands B18 4DJ	-	-	2	Terraced House
£140K	12/20	1.31 mi	1a, Kent Street North, Birmingham, West Midlands B18 5RT	£2,692	52	2	Semi-Detached House
£205K	04/22	1.32 mi	50, Princess Road, Birmingham, West Midlands B5 7PU	£3,106	66	2	Semi-Detached House
£150K	02/21	1.32 mi	157, Heath Street, Birmingham, West Midlands B18 4DA	£2,679	56	2	Semi-Detached House
£148K	01/21	1.32 mi	153, Heath Street, Birmingham, West Midlands B18 4DA	£2,552	58	2	Semi-Detached House
£180K	05/22	1.35 mi	85, Winson Street, Birmingham, West Midlands B18 4JT	-	-	2	Semi-Detached House
£130K	06/21	1.35 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Semi-Detached House
£165K	02/23	1.38 mi	9, Foster Gardens, Birmingham, West Midlands B18 5DJ	-	-	2	Semi-Detached House
£239K	06/21	1.39 mi	24, Hermitage Road, Edgbaston, Birmingham, West Midlands B15 3UR	£2,915	82	2	Semi-Detached House
£239K	06/21	1.39 mi	24, Hermitage Road, Edgbaston, Birmingham, West Midlands B15 3UR	£2,915	82	2	Semi-Detached House
£155K	03/23	1.39 mi	26, Augustine Grove, Birmingham, West Midlands B18 5HA	£2,385	65	2	Terraced House
£135K	06/22	1.39 mi	164, Shenstone Road, Edgbaston, Birmingham, West Midlands B16 0NR	£1,849	73	2	Terraced House
£345K	04/22	1.41 mi	15, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX	£4,380	79	2	Terraced House
£400K	04/22	1.41 mi	27, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX	-	-	2	Terraced House
£290K	12/21	1.41 mi	17, Nursery Road, Edgbaston, Birmingham, West Midlands B15 3JX	£3,882	75	2	Terraced House
£169K	06/23	1.42 mi	103, Shenstone Road, Edgbaston, Birmingham, West Midlands B16 0PF	£2,198	77	2	Terraced House
£100K	11/20	1.42 mi	21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ	£1,961	51	2	Terraced House
£100K	11/20	1.42 mi	21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ	£1,961	51	2	Terraced House
£100K	11/20	1.42 mi	21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ	£1,961	51	2	Terraced House

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	12/24	0 mi	Ryland Street, BIRMINGHAM	2	Flat
£2,800	02/25	0 mi	-	2	Flat
£1,450	02/24	0 mi	-	2	Flat
£1,100	03/24	0 mi	-	2	Flat
£1,200	12/24	0 mi	-	2	Flat
£1,475	03/25	0 mi	-	2	Flat
£1,200	12/24	0 mi	Ryland Street, Birmingham, B16	2	Flat
£1,150	12/24	0.01 mi	40 Ryland Street, B16	2	Flat
£1,150	12/24	0.01 mi	40 Ryland Street, B16	2	Flat
£1,150	12/24	0.02 mi	Callisto, Jupiter	2	Flat
£1,250	12/24	0.02 mi	Callisto House, Ryland Street, Birmingham City Centre	2	Flat
£1,200	12/24	0.02 mi	Callisto, Jupiter	2	Flat
£1,400	12/24	0.02 mi	-	2	Flat
£1,200	12/24	0.02 mi	Callisto Apartments, 38 Ryland Street, Birmingham, B16	2	Flat
£995	02/25	0.02 mi	-	2	Flat
£1,150	12/24	0.03 mi	Voyager, 51 Sherbourne Street, Birmingham, B16	2	Flat
£1,150	12/24	0.03 mi	Voyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP	2	Flat
£975	12/24	0.04 mi	128 Morville Street, Birmingham	2	Flat
£1,125	02/25	0.05 mi	-	2	Flat
£1,450	04/25	0.05 mi	-	2	Flat
£1,000	04/25	0.05 mi	-	2	Flat
£1,400	02/25	0.05 mi	-	2	Flat
£1,150	12/24	0.05 mi	36 Ryland Street, Birmingham B16 8DB	2	Flat
£1,550	12/24	0.06 mi	Sherborne Street, City Centre, Birmingham, B16 8FQ	2	Flat
£1,200	12/24	0.07 mi	Ryland Street, Birmingham	2	Flat
£1,175	12/24	0.07 mi	Ryland Street, Birmingham, B16	2	Flat
£1,100	12/24	0.07 mi	Ryland Street, Birmingham, Birmingham, B16	2	Flat
£1,200	12/24	0.07 mi	Ryland Street, Birmingham, B16	2	Flat
£1,150	12/24	0.07 mi	Ryland Street, Birmingham, B16	2	Flat
£1,100	12/24	0.07 mi	Sinope, Ryland Street	2	Flat
£1,495	02/24	0.07 mi	-	2	Flat
£1,150	12/24	0.08 mi	Sheepcote Street, Birmingham, B16	2	Flat
£1,200	12/24	0.08 mi	Sheepcote Street, Birmingham, B16	2	Flat
£1,150	03/25	0.08 mi	-	2	Flat
£1,125	12/24	0.08 mi	-	2	Flat
£1,200	12/24	0.08 mi	Watermarque, 100 Browning Street	2	Flat
£1,075	12/24	0.08 mi	Bellcroft, Birmingham, B16	2	Flat
£1,250	12/24	0.08 mi	Browning Street, Birmingham, B16	2	Flat
£950	12/24	0.08 mi	Bellcroft, Edgbaston, Birmingham, B16	2	Flat
£1,250	12/24	0.08 mi	Flat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ	2	Flat
£1,250	12/24	0.08 mi	Flat C25, Sherborne Place, Marina Place, Birmingham, B16	2	Flat
£1,250	03/25	0.08 mi	-	2	Flat
£1,250	03/25	0.08 mi	-	2	Flat
£1,250	04/25	0.08 mi	-	2	Flat
£1,250	04/25	0.08 mi	-	2	Flat
£1,175	12/24	0.09 mi	Ryland Street, Birmingham, B16	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,250	01/25	0.09 mi	-	2	Flat

Local Area Statistics

Population in B16	23,61823,618
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.85 miles away1.85 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.51 miles away0.51 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-17%-17%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Price changed to £180,000

March 28, 2025

Listed for £195,000

February 20, 2025

Description

Ground Floor +
Popular Location +
Secure Parking +
En-Suite +

Stunning Two-Bedroom Ground Floor Apartment - Galileo Building, Ryland Street, Birmingham.

Located in the sought-after Galileo Building, this immaculate two-bedroom ground floor apartment offers modern city living with the added benefit of outdoor space.

The property features a bright and spacious open-plan living area with a stylish fitted kitchen, perfect for entertaining. The master bedroom boasts a contemporary en-suite, while the second bedroom is generously sized. French doors lead out to a terrace with access to well-maintained communal gardens, providing a rare and desirable outdoor retreat.

Further benefits include secure gated parking, double glazing, and a well-maintained communal entrance. With its prime location near Birmingham's vibrant city centre, this apartment is an ideal investment opportunity or a perfect first-time buy.

Early viewing is highly recommended.

Agent Details

Encasa, Olton

0121 272 4848

Next Steps?

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

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ValuationUndervalued

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Description

Agent Details

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Cashflows

Local Sold Prices

Local Rents