2 Bed Flat, Single Let, Birmingham, B15 2DG, £220,000

56 Bath Row, Birmingham, B15, B15 2DG - a month ago

Leasehold
BTL
ROI: 3%
57 m²
+10 photos

ValuationOvervalued

Sold Prices£30K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

57 m²
Price/m²£3.9K/m²

Value Estimate

£124,988

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,000 - £2,885

Rent Estimate

£1,100

Running Costs/mo

£928

Cashflow/mo

£173

Cashflow/yr

£2,070

ROI

3%

Gross Yield

6%

Local Sold Prices

27 sold prices from £30K to £500K, average is £153.5K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£235K07/210.23 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.27 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£500K02/210.32 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.32 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.32 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.32 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/210.47 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£182K12/220.51 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£150K02/230.51 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.51 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.51 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£100K07/210.53 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.55 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£180K08/210.57 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.62 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.7 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.7 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£235K12/220.8 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£65K02/230.85 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.85 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.85 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£130K06/210.87 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£242.5K10/200.89 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£55K03/210.91 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.91 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K10/220.91 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£144K05/210.97 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2

Local Rents

51 rents from £1K/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miBath Row, Birmingham2
£1,20012/240 miWheeleys Lane, Birmingham2
£1,25001/250.01 mi-2
£1,19003/240.03 mi-2
£1,19012/240.03 miWheeleys Lane, Birmingham, B152
£1,10012/240.04 miApartment 27, 18 Wheeleys Lane, Birmingham, West Midlands2
£1,20012/240.05 mi26 Longleat Ave, 26 Longleat Ave, Birmingham, B152
£1,50001/250.05 mi-2
£1,00012/240.06 miWheeleys Lane, Park Central, B152
£1,10002/240.06 mi-2
£1,27502/240.06 mi-2
£1,05012/240.06 mi-2
£1,20002/250.06 mi-2
£1,20012/240.06 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.06 mi26 Wheeleys Lane, Birmingham, B152
£1,60002/250.06 mi-2
£2,16702/240.06 mi-2
£1,25012/240.07 miLongleat Avenue, Birmingham, B15 2DF2
£1,30012/240.07 mi29 Longleat Avenue, Park Central, B152
£1,30012/240.07 mi29 Longleat Avenue, Park Central, B152
£1,20012/240.08 miBradshaw Close, Birmingham, B152
£1,22512/240.08 miGranville Street, BIRMINGHAM2
£1,40002/240.09 mi-2
£2,75002/240.09 mi-2
£1,30001/240.09 mi-2
£2,50002/240.09 mi-2
£2,49901/250.09 mi-2
£1,59512/240.09 mi-2
£2,49912/240.09 mi-2
£1,28003/250.09 mi-2
£1,22512/240.09 miSkyline, Granville Street, Birmingham, B12
£1,30012/240.09 miGranville Street, BIRMINGHAM2
£2,10004/250.1 mi-2
£1,09503/250.1 mi-2
£2,88501/250.1 mi-2
£1,20012/240.1 miArden Gate2
£1,20012/240.1 miCommunication Row, Birmingham, B152
£1,05012/240.11 miMasons Way, Birmingham, B152
£1,30012/240.11 miCommunication Row, Birmingham, B152
£1,25012/240.11 mi-2
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,40012/240.11 miArden Gate, 12 Communication Row, Birmingham, B152
£1,50012/240.11 miArden Gate, Communication Row, Birmingham2
£1,30012/240.11 miWilliam Street, Birmingham, B152
£1,30003/240.11 mi-2
£1,20012/240.12 miGranville Street, BIRMINGHAM2
£1,20012/240.12 miSkyline2
£1,20002/240.12 mi-2
£1,20002/240.12 mi-2
£1,20012/240.12 miSkyline, Birmingham, B12
£1,19902/240.12 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.36 miles away

Nearest school

0.10 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £220,000

March 7, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Allocated Parking Space +
  • Balcony The Width Of Apartment +
  • En-Suite To Master +
  • Close To Local Amenities +
  • Double Glazed +
  • Easy Access To Transport Links +
  • No Upwards Chain +

The Property
Purplebricks are pleased to offer for sale this modern purpose built apartment in the heart of Birmingham city with transport links nearby and easy access to the famous Bullring shopping centre, Mailbox and Grand Central station.
The property comprises of entrance hall, lounge, kitchen, two double bedrooms, bathroom and an en-suite to master.
Externally you have a balcony and an allocated parking space .
The apartment is offered with no upward chain.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 27/09/2153

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Birmingham

024 7542 7306

Next Steps?

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