2 Bed Flat, Single Let, Birmingham, B16 8DD, £220,000

Ryland Street, Birmingham, B16 8DD - 24 days ago

Leasehold

BTL

ROI: 3%

~68 m²

+18 photos

ValuationOvervalued

Sold Prices	£90K - £500K
Sold Prices/m²	£1.3K/m² - £4.5K/m²

Square Metres	~68.11 m²
Price/m²	£3.2K/m²
Value Estimate	£192,272£192,272

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£12,200£12,200
Total Cash In	£67,200£67,200

Cash Out
Rent Range	£975 - £2,800£975 - £2,800
Rent Estimate	£1,100
Running Costs/mo	£928£928
Cashflow/mo	£173£173
Cashflow/yr	£2,070£2,070
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

22 sold prices from £90K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£180K	08/21	0.13 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat
£153.5K	06/21	0.16 mi	17, Ashton Croft, Birmingham, West Midlands B16 8EX	£2,741	56	2	Flat
£125K	12/21	0.28 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.28 mi	130, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,256	82	2	Flat
£182K	12/22	0.39 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£235K	07/21	0.41 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£100K	07/21	0.44 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£90K	06/21	0.48 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£290K	09/21	0.55 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£500K	02/21	0.57 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.57 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.57 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.57 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£290K	10/22	0.68 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£144.5K	09/21	0.75 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£202.5K	01/23	0.91 mi	Apartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£244K	03/21	0.92 mi	31d, Northwood Street, Birmingham, West Midlands B3 1TX	£2,905	84	2	Flat
£150K	02/23	0.92 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.92 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.92 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£208K	05/21	0.93 mi	Apartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat
£180K	04/22	0.93 mi	Apartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP	-	-	2	Flat

Local Rents

50 rents from £975/mo to £2.8K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£995	02/25	0 mi	-	2	Flat
£1,400	12/24	0 mi	-	2	Flat
£1,150	12/24	0.01 mi	Callisto, Jupiter	2	Flat
£1,250	12/24	0.01 mi	Callisto House, Ryland Street, Birmingham City Centre	2	Flat
£1,200	12/24	0.01 mi	Callisto, Jupiter	2	Flat
£1,200	12/24	0.01 mi	Callisto Apartments, 38 Ryland Street, Birmingham, B16	2	Flat
£1,400	02/25	0.02 mi	-	2	Flat
£1,150	12/24	0.02 mi	36 Ryland Street, Birmingham B16 8DB	2	Flat
£2,800	02/25	0.03 mi	-	2	Flat
£1,450	02/24	0.03 mi	-	2	Flat
£1,100	03/24	0.03 mi	-	2	Flat
£1,200	12/24	0.03 mi	-	2	Flat
£1,475	03/25	0.03 mi	-	2	Flat
£1,200	12/24	0.03 mi	Ryland Street, Birmingham, B16	2	Flat
£1,250	12/24	0.03 mi	Ryland Street, BIRMINGHAM	2	Flat
£1,150	12/24	0.03 mi	Voyager, 51 Sherbourne Street, Birmingham, B16	2	Flat
£1,150	12/24	0.03 mi	Voyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP	2	Flat
£1,150	12/24	0.03 mi	40 Ryland Street, B16	2	Flat
£1,150	12/24	0.03 mi	40 Ryland Street, B16	2	Flat
£1,200	12/24	0.05 mi	Ryland Street, Birmingham	2	Flat
£1,175	12/24	0.05 mi	Ryland Street, Birmingham, B16	2	Flat
£1,100	12/24	0.05 mi	Ryland Street, Birmingham, Birmingham, B16	2	Flat
£1,200	12/24	0.05 mi	Ryland Street, Birmingham, B16	2	Flat
£1,150	12/24	0.05 mi	Ryland Street, Birmingham, B16	2	Flat
£1,550	12/24	0.05 mi	Sherborne Street, City Centre, Birmingham, B16 8FQ	2	Flat
£1,100	12/24	0.05 mi	Sinope, Ryland Street	2	Flat
£1,150	03/25	0.05 mi	-	2	Flat
£1,125	02/25	0.06 mi	-	2	Flat
£1,125	03/25	0.06 mi	-	2	Flat
£1,125	12/24	0.06 mi	-	2	Flat
£1,250	03/25	0.06 mi	-	2	Flat
£1,250	03/25	0.06 mi	-	2	Flat
£1,250	12/24	0.06 mi	Flat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ	2	Flat
£1,250	12/24	0.06 mi	Flat C25, Sherborne Place, Marina Place, Birmingham, B16	2	Flat
£1,175	12/24	0.07 mi	Ryland Street, Birmingham, B16	2	Flat
£975	12/24	0.07 mi	128 Morville Street, Birmingham	2	Flat
£1,495	02/24	0.08 mi	-	2	Flat
£1,435	02/25	0.08 mi	-	2	Flat
£1,485	02/25	0.08 mi	-	2	Flat
£1,150	12/24	0.08 mi	Sheepcote Street, Birmingham, B16	2	Flat
£1,200	12/24	0.08 mi	Sheepcote Street, Birmingham, B16	2	Flat
£1,250	12/24	0.09 mi	A33, Sherborne Place, Grosvenor Street West, Birmingham, B16	2	Flat
£1,290	12/24	0.1 mi	-	2	Flat
£1,290	12/24	0.1 mi	-	2	Flat
£1,290	12/24	0.1 mi	-	2	Flat
£1,250	01/25	0.1 mi	-	2	Flat
£1,250	01/25	0.1 mi	-	2	Flat
£1,290	12/24	0.1 mi	-	2	Flat
£1,290	12/24	0.1 mi	-	2	Flat
£1,250	01/25	0.1 mi	-	2	Flat

Local Area Statistics

Population in B16	23,61823,618
Population in Birmingham	1,034,8211,034,821
Town centre distance	1.82 miles away1.82 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.49 miles away0.49 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-17%-17%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £220,000

March 14, 2025

Floor Plans

Description

*EWS1 COMPLIANT*
Maguire Jackson is pleased to offer this two-bedroom apartment for sale with no upward chain. The property is located in the Jupiter Development, close to Brindley Place. With secure allocated parking.

Maguire Jackson are proud to offer to the market this well presented two bedroom apartment located in the Jupiter Development close to Broad Street. The property benefits from having open plan lounge/ diner and fitted kitchen with a range of integrated appliances and balcony off the lounge. Master bedroom with build in wardrobes and ensuite, second double bedroom and family bathroom. Further to this apartment has a good size hallway. There is also a gated allocated parking space.

Tenure - Leasehold
Length of Lease - 105 Years remaining
Service Charge - £3,200 per annum
Ground Rent - £150 per annum
EPC Rating - B
Council Tax Band - E
Local Authority - Birmingham City Council

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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

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