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2 Bed Flat, Single Let, Birmingham, B16 0NA, £128,000

Barleycorn Drive, Birmingham, B16 0NA - a month ago

Leasehold
BTL
ROI: 5%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£55.5K - £290K
Sold Prices/m²£1.1K/m² - £3.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£135,084
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,000

Stamp Duty & Legal Fees

£7,600

Total Cash In

£39,600

 

 

Cash Out

 

Rent Range

£654 - £2,150

Rent Estimate

£736

Running Costs/mo

£567

Cashflow/mo

£169

Cashflow/yr

£2,026

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £55.5K to £290K, average is £116K. £1.1K/m² to £3.2K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£103K02/220.19 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/220.19 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/210.19 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£105K08/220.41 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£140K07/210.45 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£120K02/230.55 mi17, Barnstaple Road, Smethwick, West Midlands B66 3HN2
£148K06/230.84 miFlat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF2
£123K06/210.86 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.86 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£85K10/200.98 mi9, Roslyn Close, Smethwick, West Midlands B66 3AR2
£143.5K03/210.99 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£130K10/211 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£55.5K12/211.08 miFlat 4, Louis Court, South Road, Smethwick, West Midlands B67 7BT2
£255.5K02/211.11 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£167K11/201.13 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.13 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.13 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.13 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£60K05/231.13 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/221.13 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/211.13 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/211.13 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/211.13 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/231.13 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/221.13 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/231.13 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/221.13 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K09/211.14 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/221.14 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/221.14 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/221.14 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/221.14 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£160K03/211.15 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.15 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.15 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£135K04/211.21 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/211.21 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£270K11/221.21 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£107K02/221.27 mi60, Ford Street, Smethwick, West Midlands B67 7QY2
£125K12/211.29 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/201.29 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£255K06/211.33 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.33 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£153.5K06/211.34 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£180K08/211.4 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£112K03/231.42 miFlat 4, Warley House, Abbey Road, Smethwick, West Midlands B67 5LN2
£290K10/221.48 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144.9K06/211.56 miFlat 1, Wigorn House, Wigorn Road, Smethwick, West Midlands B67 5HW2

Local Rents

46 rents from £654/mo to £2.1K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,15003/250 mi-2
£95011/240.08 mi-2
£85001/250.15 mi-2
£1,05002/250.24 mi-2
£1,10003/250.24 mi-2
£1,10012/240.27 miSouthfield Road, Edgbaston2
£1,07501/250.28 mi-2
£97503/250.28 mi-2
£85012/240.29 miHerbert James Close, Smethwick, B662
£85003/240.29 mi-2
£85003/240.29 mi-2
£88012/240.29 mi-2
£92503/250.29 mi-2
£92503/250.29 mi-2
£92503/250.29 mi-2
£92503/250.29 mi-2
£92503/250.29 mi-2
£1,00012/240.29 miMaynard Road, Butlers Walk, Edgbaston2
£99502/240.29 mi-2
£99502/240.29 mi-2
£99502/240.29 mi-2
£95003/240.29 mi-2
£95012/240.29 miChiswell Road, Birmingham, B182
£1,39512/240.3 miHerbert James Close, Smethwick, B662
£90012/240.3 miHerbert James Close, SMETHWICK2
£1,05003/250.3 mi-2
£99512/240.3 miLaxey Road, BIRMINGHAM2
£95012/240.32 miHeath Street, BIRMINGHAM2
£79512/240.36 miCity Road Edgbaston B16 0NW2
£1,05012/240.38 miJohn Guest Close, Smethwick, B662
£1,00012/240.41 miBrewers Square, Edgbaston, B162
£1,20012/240.42 miWindmill Lane, Smethwick, West Midlands, B662
£87501/250.51 mi-2
£1,25012/240.52 mi-2
£1,20002/250.52 mi-2
£70012/240.53 miCape Hill, Smethwick, West Midlands, B662
£1,15012/240.54 miCorbett Street, Smethwick, B662
£1,15003/240.54 mi-2
£1,10012/240.55 miWaterloo Road, Smethwick, Birmingham2
£1,15012/240.55 miCorbett Street, SMETHWICK2
£65412/240.57 mi33a, Gillott Road B16 0EU2
£1,15001/250.58 mi-2
£1,15001/250.58 mi-2
£80002/240.59 mi-2
£2,15003/250.6 mi-2
£90012/240.6 miClarendon Road, Smethwick2

Links

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

3.31 miles away

Nearest school

0.30 miles away

Nearest train station

0.88 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £128,000

February 20, 2025

Floor Plans

Description

  • ALLOCATED PARKING +
  • TWO BEDROOM SECOND FLOOR APARTMENT +
  • OPEN PLAN LIVING SPACE +
  • FITTED KITCHEN +
  • BATHROOM WITH BATH AND SHOWER +
  • CLOSE TO LOCAL AMENITIES & TRANSPORT LINKS +
  • EPC RATING: TBC +
  • COUNCIL TAX BAND: B +

Innovate Estate Agents are delighted to present this TWO BEDROOM SECOND FLOOR APARTMENT situated in Edgbaston! The property comprises of ALLOCATED PARKING, entrance hallway, OPEN PLAN LIVING SPACE with FITTED KITCHEN, bathroom, double glazing and electric heating throughout! Thanks to its convenient location the property has easy commute to a range of day to day amenities and transport links such as Asda Cape Hill Superstore, Summerfield Park, Smethwick Rolfe Street Train Station and M5 (Junction 1). EPC Rating: TBC. Council Tax Band: B. Admin Fees May Apply.

Agent Details

Innovate Estate Agents, Oldbury

0121 387 6649

Next Steps?

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

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