2 Bed Flat, Single Let, Birmingham, B16 8DD, £205,000

Ryland Street, Birmingham, B16 8DD - 17 days ago

Leasehold

BTL

ROI: 6%

~68 m²

+2 photos

ValuationOvervalued

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

Square Metres	~68.11 m²
Price/m²	£3K/m²
Value Estimate	£192,272£192,272

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£51,250£51,250
Stamp Duty & Legal Fees	£11,450£11,450
Total Cash In	£62,700£62,700

Cash Out
Rent Range	£950 - £2,800£950 - £2,800
Rent Estimate	£1,200
Running Costs/mo	£901£901
Cashflow/mo	£299£299
Cashflow/yr	£3,593£3,593
ROI	6%6%
Gross Yield	7%7%

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	0.27 mi	156, Kilby Avenue, Birmingham, West Midlands B16 8EW	£1,894	66	2	Flat
£103K	11/20	0.27 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	0.56 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 £950/mo to £2.8K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,400	12/24	0 mi	-	2	Flat
£995	02/25	0 mi	-	2	Flat
£1,150	12/24	0 mi	Callisto, Jupiter	2	Flat
£1,250	12/24	0 mi	Callisto House, Ryland Street, Birmingham City Centre	2	Flat
£1,200	12/24	0 mi	Callisto, Jupiter	2	Flat
£1,200	12/24	0.01 mi	Callisto Apartments, 38 Ryland Street, Birmingham, B16	2	Flat
£2,800	02/25	0.02 mi	-	2	Flat
£1,450	02/24	0.02 mi	-	2	Flat
£1,100	03/24	0.02 mi	-	2	Flat
£1,200	12/24	0.02 mi	-	2	Flat
£1,475	03/25	0.02 mi	-	2	Flat
£1,200	12/24	0.02 mi	Ryland Street, Birmingham, B16	2	Flat
£1,250	12/24	0.02 mi	Ryland Street, BIRMINGHAM	2	Flat
£1,150	12/24	0.02 mi	Voyager, 51 Sherbourne Street, Birmingham, B16	2	Flat
£1,150	12/24	0.02 mi	Voyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP	2	Flat
£1,150	12/24	0.02 mi	40 Ryland Street, B16	2	Flat
£1,150	12/24	0.02 mi	40 Ryland Street, B16	2	Flat
£1,400	02/25	0.02 mi	-	2	Flat
£1,150	12/24	0.03 mi	36 Ryland Street, Birmingham B16 8DB	2	Flat
£1,550	12/24	0.05 mi	Sherborne Street, City Centre, Birmingham, B16 8FQ	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
£1,125	02/25	0.05 mi	-	2	Flat
£1,125	03/25	0.05 mi	-	2	Flat
£1,100	12/24	0.05 mi	Sinope, Ryland Street	2	Flat
£1,150	03/25	0.06 mi	-	2	Flat
£1,125	12/24	0.06 mi	-	2	Flat
£975	12/24	0.06 mi	128 Morville Street, Birmingham	2	Flat
£1,250	03/25	0.07 mi	-	2	Flat
£1,250	03/25	0.07 mi	-	2	Flat
£1,250	12/24	0.07 mi	Flat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ	2	Flat
£1,250	12/24	0.07 mi	Flat C25, Sherborne Place, Marina Place, Birmingham, B16	2	Flat
£1,175	12/24	0.07 mi	Ryland Street, Birmingham, B16	2	Flat
£1,495	02/24	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
£1,435	02/25	0.08 mi	-	2	Flat
£1,485	02/25	0.08 mi	-	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,290	12/24	0.09 mi	-	2	Flat
£1,250	01/25	0.09 mi	-	2	Flat
£1,250	01/25	0.09 mi	-	2	Flat
£1,250	12/24	0.1 mi	A33, Sherborne Place, Grosvenor Street West, Birmingham, B16	2	Flat
£1,200	12/24	0.1 mi	Watermarque, 100 Browning Street	2	Flat
£1,250	12/24	0.1 mi	Browning Street, Birmingham, B16	2	Flat
£950	12/24	0.1 mi	Bellcroft, Edgbaston, Birmingham, B16	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 £205,000

March 21, 2025

Description

Two-double bedrooms +
Two-bathrooms +
Allocated parking +
Tenanated until 2026 +
Landlords/Investors +
EWS1 approved +

INVESTORS & LANDLORDS
EWS1 APPROVED

A two-bedroom, two-bathroom apartment situated in the popular Jupiter Development with allocated gated parking space and a long term tenant.

Acces to the development is via security fob opperated door into the communal entrance foyet. There is access to the upper floors by either stairs or lift.

The apartment has a private entrance leading into an entrance hallway, open plan lounge/diner and kitchen with a range of floor and wall mounted units, space for appliances and french doors giving access to the balcony.

The master bedroom has an en-suite shower room, there is a second double bedroom and family bathroom.

The apartment also benefits from having an allocated parking space in the secure gated carpark below the development.

The current tenats are paying £1200 pcm and the current tenancy runs until January 2026.

Property Information
Tenure - Leasehold
Length of lease - 105 years remaining.
Service charge - £3,184 per annum.
Ground rent - £150 per annum.
Local authority - Birmingham city council.
Council tax band - E
EPC rating - C

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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