2 Bed Flat, Single Let, Birmingham, B16 9NB, £82,000

Hagley Road, BIRMINGHAM, B16 9NB - 2 views - a month ago

Leasehold
Auction
BTL
ROI: 23%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£56.5K - £277K
Sold Prices/m²£1.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£98,400
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,500

Stamp Duty & Legal Fees

£5,300

Total Cash In

£25,800

 

 

Cash Out

 

Rent Range

£850 - £2,750

Rent Estimate

£953

Running Costs/mo

£467

Cashflow/mo

£486

Cashflow/yr

£5,834

ROI

23%

Gross Yield

14%

Local Sold Prices

44 sold prices from £56.5K to £277K, average is £135K. £1.1K/m² to £4.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£167K11/200.08 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.08 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.08 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.08 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£130K10/210.09 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.09 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.09 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.1 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£160K03/210.14 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.14 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.14 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£255.5K02/210.16 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£255K06/210.26 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.26 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£270K11/220.5 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.55 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.55 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£140K07/210.67 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£268K08/220.69 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£220K08/210.73 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£123K06/210.86 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.86 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£145K10/200.87 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.87 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.87 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.89 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.89 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.89 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£65K09/210.94 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.94 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.94 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.94 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.94 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.94 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.94 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.94 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.94 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.94 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.94 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.94 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.94 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.94 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£255K10/220.97 miFlat 19, Crofters Court, Harrisons Road, Birmingham, West Midlands B15 3QR2
£82K08/220.99 miFlat 50, Timbermill Court, Serpentine Road, Harborne, Birmingham, West Midlands B17 9RD2

Local Rents

50 rents from £850/mo to £2.8K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99512/240.01 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£1,15012/240.05 miFlat , Holly Mount, Hagley Road, Birmingham2
£1,15003/240.06 mi-2
£1,00012/240.06 mi-2
£95004/250.06 mi-2
£1,07512/240.06 miSpire Court, Manor Road, Edgbaston, Birmingham2
£1,25012/240.07 miSt Augustines Court, St Augustines Road, Edgbaston2
£1,14902/240.07 mi-2
£1,20012/240.07 miSpire Court, Manor Road, Edgbaston, B162
£1,15012/240.07 miSt. Augustines Road, Birmingham2
£1,49512/240.08 mi-2
£1,25002/250.08 mi-2
£1,10003/250.08 mi-2
£1,20002/250.09 mi-2
£99502/250.09 mi-2
£2,75012/240.1 mi-2
£2,40012/240.15 mi-2
£1,20012/240.15 miLime Court, 206a Hagley Road, Birmingham, B162
£85012/240.16 miWest Point, Edgbaston2
£99512/240.18 miWest Point, Hermitage Road, Edgbaston, Birmingham, B15 3US2
£1,05012/240.22 miElmhurst, Norfolk Road2
£1,25012/240.23 miWoodbourne, Augustus Road, Edgbaston2
£1,19512/240.24 miWoodbourne, Edgbaston2
£1,05012/240.24 miPortland Road, BIRMINGHAM2
£99512/240.26 miWoodbourne, Augustus Road, Edgbaston, Birmingham, B152
£1,59512/240.26 miYork Road, Edgbaston, Birmingham, B16 9JA2
£85004/250.27 mi-2
£1,05012/240.28 miHowfield Court, 395 Gillott Road, Edgbaston 2
£1,25012/240.29 miWoodbourne, Augustus Road, Edgbaston, B152
£1,80003/250.3 mi-2
£92503/240.31 mi-2
£92503/240.31 mi-2
£92512/240.31 miYork Road, Edgbaston, Birmingham, B162
£1,40012/240.32 mi-2
£1,45012/240.33 miWestfield Road2
£1,45012/240.33 miWestfield Road, Edgbaston, B152
£95012/240.33 miYork Road, Edgbaston, Birmingham2
£1,40012/240.35 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£1,10012/240.35 miStanmore Road, BIRMINGHAM2
£1,00012/240.35 miStanmore Road, BIRMINGHAM2
£1,15012/240.35 miStanmore Road, Smethwick2
£1,17501/250.36 mi-2
£1,20003/250.36 mi-2
£1,40003/250.38 mi-2
£99512/240.44 miMeadow Court, Meadow Road, Edgbaston, Birmingham, B172
£1,05012/240.46 mi-2
£99503/250.46 mi-2
£90012/240.46 miWheatsheaf Road, Edgbaston2
£1,04512/240.49 miApartment, 70 Mariner Avenue, B162
£97512/240.5 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.88 miles away

Nearest school

0.20 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £82,000

March 11, 2025

Description

  • AUCTION SALE +
  • 15 April 2025 +
  • Upon instruction of Countrywide +
  • EPC Rating - D +
  • To view: 4/4, 12/4 at 12pm +

SUMMARY
AUCTION SALE 15 April 2025 - Leasehold ground floor flat,
TO SELL YOUR PROPERTY IN OUR NEXT AUCTION CALL US NOW

DESCRIPTION
Leasehold ground floor flat

Location:
The property is located on Hagley Road. Shopping amenities can be found locally within Birmingham City Centre and Smethwick Town Centre. Public transport links are available at Birmingham New Street and Five Ways Train Stations and Edgbaston Village Tram Stop to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A38 to the east and M5 to the west. Recreational pursuits can be found at Ravenhurst Playing Fields to the south west and Chamberlain Gardens Playground to the east.

Accommodation:
Principle bedroom with en-suite, one further bedroom, reception room, kitchen, bathroom/wc

EPC Rating: D

Council Tax Band: D

Lease:
Held on a lease for a term of 99 years from 01/04/1988 at a ground rent of £125 per annum.

To view: 4/4, 12/4 at 12pm
No booking required - Please arrive at the time stated

Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Barnard Marcus, Hammersmith Auctions

020 3866 9305

Next Steps?

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