2 Bed Flat, Single Let, Birmingham, B19 2LQ, £110,000

Alma Way, Birmingham, B19 2LQ - 5 views - 2 months ago

Leasehold
Auction
BTL
ROI: 11%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£48K - £290K
Sold Prices/m²£1.2K/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£115,849
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Total Cash In

£34,200

 

 

Cash Out

 

Rent Range

£875 - £2,300

Rent Estimate

£831

Running Costs/mo

£530

Cashflow/mo

£301

Cashflow/yr

£3,613

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £48K to £290K, average is £99K. £1.2K/m² to £2.9K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£68K03/220.53 mi80, Townley Gardens, Birmingham, West Midlands B6 6LR2
£82K05/210.61 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£82K05/210.64 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£80K07/220.67 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£85K06/210.93 mi46, Manor Road, Aston, Birmingham, West Midlands B6 6QT2
£85K06/210.93 mi46, Manor Road, Aston, Birmingham, West Midlands B6 6QT2
£100K11/220.97 miFlat 17, Wellington Court, Lyndon Close, Handsworth, Birmingham, West Midlands B20 3NL2
£208K05/211.06 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/221.06 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£202.5K01/231.07 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/211.1 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£60K12/211.16 mi98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£60K02/221.16 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£55K02/211.21 miFlat 4, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£70.5K11/201.21 miFlat 20, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£56K11/201.21 miFlat 7, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£48K09/211.21 miFlat 34, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£98K11/211.21 miFlat 33, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£98K11/211.21 miFlat 33, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£85K07/221.21 miFlat 4, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£125K02/231.21 miFlat 29, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£85K01/211.26 mi121, Brantley Road, Birmingham, West Midlands B6 7DN2
£290K10/221.3 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£100K12/211.41 miOldford House, 58, Nash Square, Birmingham, West Midlands B42 2EX2
£68K11/211.41 miChelmsford Court, 96, Nash Square, Birmingham, West Midlands B42 2EX2
£105K04/231.41 miNash House, 49, Nash Square, Birmingham, West Midlands B42 2EX2
£100K12/211.41 miOldford House, 58, Nash Square, Birmingham, West Midlands B42 2EX2
£96.5K10/211.42 miOldford House, 60, Nash Square, Birmingham, West Midlands B42 2EX2
£100K10/211.42 miWycombe House, 106, Nash Square, Birmingham, West Midlands B42 2EX2
£89K01/221.44 mi11, Butlers Close, Handsworth, Birmingham, West Midlands B20 2PF2
£108K08/231.44 mi8, Butlers Close, Handsworth, Birmingham, West Midlands B20 2PF2
£101K08/221.45 miFlat 20, Trident Court, Butlers Road, Birmingham, West Midlands B20 2NX2
£100K12/221.45 miFlat 7, Trident Court, Butlers Road, Birmingham, West Midlands B20 2NX2
£90K06/211.57 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K07/211.6 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/221.64 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£93.5K04/211.66 mi84, North Park Road, Birmingham, West Midlands B23 7YU2
£116.5K06/231.68 mi82, North Park Road, Birmingham, West Midlands B23 7YU2
£90.5K10/211.68 mi63, North Park Road, Birmingham, West Midlands B23 7YU2
£102K08/211.72 miFlat 33, Denham Court, Park Approach, Birmingham, West Midlands B23 7XZ2
£95K04/211.74 miFlat 22, Dalton Court, North Park Road, Birmingham, West Midlands B23 7YF2
£98K10/211.74 miFlat 8, Cartmel Court, North Park Road, Birmingham, West Midlands B23 7YE2
£102.5K02/211.74 miFlat 4, Cartmel Court, North Park Road, Birmingham, West Midlands B23 7YE2
£98K03/211.75 mi54, Linton Walk, Birmingham, West Midlands B23 7YJ2
£115K05/231.75 mi54, Linton Walk, Birmingham, West Midlands B23 7YJ2
£115K12/221.75 miFlat 8, Chilton Court, Park Approach, Birmingham, West Midlands B23 7XY2
£105K10/211.75 miFlat 51, Burnham Court, Muscovy Road, Birmingham, West Midlands B23 7YW2
£125K12/211.79 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/201.79 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£100K02/231.8 mi5, Peony Walk, Birmingham, West Midlands B23 7YR2

Local Rents

10 rents from £875/mo to £2.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£87501/250.08 mi-2
£1,10004/250.08 mi-2
£95002/250.25 mi-2
£99504/240.33 miCrocodile Works, 173 Alma Street2
£90012/240.41 miBrooklyn Avenue, Birmingham2
£2,30002/240.57 mi-2
£2,30012/240.57 mi-2
£97503/240.6 miVilla Street, Birmingham2
£2,30003/240.61 mi-2
£1,90003/240.62 mi-2

Local Area Statistics

Population in B19

20,152

Population in Birmingham

1,034,821

Town centre distance

2.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+47%

Sales demand

Buyer's market

Capital growth (5yrs)

+43%

Property History

Listed for £110,000

March 4, 2025

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +
  • Subject to an undisclosed Reserve Price +
  • Buyers fees apply +
  • EMPTY WITH NO UPWARD CHAIN +
  • IDEAL FIRST TIME PURCHASE OR BUY TO LET +
  • SPACIOUS TWO BEDROOM APARTMENT +
  • MODERN BUILD & WELL PRESENTED THROUGHOUT +
  • ALLOCATED PARKING SPACE INCLUDED +

SUMMARY
EMPTY OFFERING NO UPWARD CHAIN AND PARKING - This two bedroom apartment is situated on the top floor of this low rise block, and comprises of an open plan living space with fully fitted kitchen, two bedrooms and a family bathroom. The property is in excellent condition.

DESCRIPTION
This recently built two bedroom apartment is located in the Horizon development in Aston. Benefitting from easy access to local amenities and excellent transport links to the City Centre, this property is perfect for commuters and small families.

This two bedroom apartment is situated on the top floor of this low rise block, and comprises of an open plan living space with fully fitted kitchen, two bedrooms one with walk in wardrobe and a family bathroom. The property is in excellent condition and is available on an unfurnished basis. Allocated parking within the secure gated car park is included.

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer.

The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lease Info  
999 years from July 2015.
£1650 per year service charge.
£25 ground rent per year.

Details  
Property Details
Off street parking available.

Entrance Hall
Having an intercom system, heating system, carpet flooring and radiator.

Open Plan Living
Kitchen area comprising of wall and base units including work surfaces over, sink and drainer, cooker point with cooker hood overhead, integrated appliances, tiled floor and two radiators.
Lounge area: double glazed window.

Bedroom One
Having carpet flooring and radiator.

Bedroom Two
Having carpet flooring, radiator, storage and gch boiler housed.

Bathroom
Bath with shower over, wash hand basin, low level w.c, cabinet, tiled flooring and radiator.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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