2 Bed House, Single Let, Birmingham, B19 1EA, £130,000

Spring Grove, Naden Road, Birmingham, West Midlands, B19 1EA - 3 views - 2 months ago

Sold STC
BTL
ROI: 8%
~68 m²

ValuationOvervalued

Sold Prices£55K - £205K
Sold Prices/m²£821/m² - £2.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£121,636

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£706 - £2,450

Rent Estimate

£853

Running Costs/mo

£597

Cashflow/mo

£256

Cashflow/yr

£3,074

ROI

8%

Gross Yield

8%

Local Sold Prices

41 sold prices from £55K to £205K, average is £130K. £821/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£110K10/200.13 mi39, Richmond Road, Hockley, Birmingham, West Midlands B18 5NH2
£205K10/220.29 mi44, Whitmore Street, Birmingham, West Midlands B18 5BP2
£145K01/230.29 mi37, Whitmore Street, Birmingham, West Midlands B18 5BP2
£160K09/220.5 mi181, Berners Street, Birmingham, West Midlands B19 2DR2
£165K02/230.52 mi9, Foster Gardens, Birmingham, West Midlands B18 5DJ2
£140K12/200.57 mi1a, Kent Street North, Birmingham, West Midlands B18 5RT2
£135K04/230.57 mi1, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£130K05/210.57 mi5, Old Postway, Newtown, Birmingham, West Midlands B19 2DH2
£165K02/230.61 mi43, Roland Road, Birmingham, West Midlands B19 1RT2
£152.5K01/210.61 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£152.5K01/210.61 mi81, Brookfield Road, Hockley, Birmingham, West Midlands B18 7JA2
£155K03/230.62 mi26, Augustine Grove, Birmingham, West Midlands B18 5HA2
£97K01/210.63 mi9, Grasmere Road, Birmingham, West Midlands B21 0UP2
£131K02/210.69 mi32, Benson Road, Hockley, Birmingham, West Midlands B18 5EB2
£100K11/200.74 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.74 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£100K11/200.74 mi21, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£145K06/230.74 mi17, Spring Grove Gardens, Birmingham, West Midlands B18 5DQ2
£170K01/230.74 mi15, Bartons Way, Birmingham, West Midlands B19 2LJ2
£122K04/210.77 mi195, Bacchus Road, Birmingham, West Midlands B18 4RB2
£96K01/210.79 mi203, Bacchus Road, Birmingham, West Midlands B18 4RD2
£84K01/210.81 mi20, Louise Road, Birmingham, West Midlands B21 0RY2
£115.5K03/210.82 mi36, Willes Road, Birmingham, West Midlands B18 4PY2
£125K06/210.83 mi225, Nineveh Road, Birmingham, West Midlands B21 0TA2
£135K03/230.83 mi60, Tew Park Road, Birmingham, West Midlands B21 0TR2
£127K03/230.83 mi50, Tew Park Road, Birmingham, West Midlands B21 0TR2
£163K07/230.83 mi89, Tew Park Road, Birmingham, West Midlands B21 0TP2
£95K09/210.87 mi51, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£112K12/200.87 mi45, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£110K04/230.87 mi43, Preston Road, Hockley, Birmingham, West Midlands B18 4PL2
£125K10/210.88 mi119, Victoria Road, Handsworth, Birmingham, West Midlands B21 0SE2
£55K08/220.89 mi50, Preston Road, Hockley, Birmingham, West Midlands B18 4PJ2
£130K07/210.89 mi96, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£130K08/220.89 mi92, Handsworth New Road, Birmingham, West Midlands B18 4QQ2
£70K06/230.9 mi115, Willes Road, Birmingham, West Midlands B18 4QA2
£154K05/230.94 mi24, Chantry Road, Handsworth, Birmingham, West Midlands B21 9JB2
£137.5K06/210.94 mi156, Hutton Road, Handsworth, Birmingham, West Midlands B20 3RE2
£142.5K05/220.95 mi73a, Carlisle Street, Birmingham, West Midlands B18 7EW2
£128K06/210.98 mi72, Norman Street, Birmingham, West Midlands B18 7ER2
£143K07/230.98 mi81, Mary Road, Handsworth, Birmingham, West Midlands B21 0RJ2
£141K08/221 mi29, Beeton Road, Birmingham, West Midlands B18 4QD2

Local Rents

51 rents from £706/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£2,45012/230.16 mi-2
£2,45002/240.16 mi-2
£89904/240.2 miHamstead Court, Birmingham, B192
£89912/240.2 mi-2
£92512/240.2 mi-2
£92502/240.2 mi-2
£92503/240.2 miHamstead Court, Birmingham, B192
£95001/250.2 mi-2
£82503/250.2 mi-2
£97503/240.23 miVilla Street, Birmingham2
£1,39812/240.41 mi57 Hooper Street, Birmingham2
£1,39812/240.41 mi57 Hooper Street, Birmingham2
£1,39812/240.41 mi57 Hooper Street, Birmingham2
£1,20012/240.49 mi-2
£95002/250.5 mi-2
£1,10004/250.51 mi-2
£70612/240.53 miGreat Hampton Street, Birmingham, B182
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.53 miThe Goodsyard - Jewellery Quarter - B18 2
£1,25012/240.54 miGreat Hampton Street, Birmingham, B182
£1,50012/240.54 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£1,30012/240.54 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£1,25012/240.54 miGreat Hampton Street, Jewellery Quarter, Birmingham2
£97512/240.56 miNorton Street, Birmingham2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2
£1,63512/240.6 miPitsford Street, Birmingham, B182
£1,55012/240.6 miThe Goodsyard - Jewellery Quarter - B18 2

Local Area Statistics

Population in B19

20,152

Population in Birmingham

1,034,821

Town centre distance

2.78 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £130,000

February 26, 2025

Description

The property briefly comprises of two good sized reception rooms, kitchen benefits from ceramic floor tiles, fully fitted wall and base units with a window overlooking the garden.

The first floor consists of two double sized bedrooms both of which benefit from carpeted flooring and ceiling lights. The property is fully central heated, double glazed and the rear garden is of good size. The property is set close to local amenities, schools and public transport. This is an excellent opportunity for those wishing to put their own stamp on a property to make it their own.

Agent Details

Dixons, Birmingham City Centre

0121 387 6499

Next Steps?

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