2 Bed Flat, Single Let, Birmingham, B16 9LS, £169,000

Hagley Road, Birmingham, B16 9LS - 1 views - 14 days ago

Leasehold
BTL
ROI: 6%
~68 m²
+9 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£149,156

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,250

Stamp Duty & Legal Fees

£9,650

Total Cash In

£51,900

 

 

Cash Out

 

Rent Range

£850 - £2,750

Rent Estimate

£1,031

Running Costs/mo

£754

Cashflow/mo

£277

Cashflow/yr

£3,320

ROI

6%

Gross Yield

7%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£130K10/210.05 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/200.05 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/210.05 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/210.05 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/200.09 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/210.09 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/210.09 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/230.09 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£160K03/210.13 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/230.13 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/230.13 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£255.5K02/210.21 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£255K06/210.3 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/220.3 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£270K11/220.46 miApartment 17, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.52 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£135K04/210.52 miApartment 19, Cavendish Court, Oakhill Close, Birmingham, West Midlands B17 8DE2
£140K07/210.63 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£268K08/220.7 mi128, Ravenhurst Road, Harborne, Birmingham, West Midlands B17 9HP2
£220K08/210.78 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£123K06/210.81 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/230.81 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£65K09/210.89 miFlat 35, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K09/220.89 miFlat 58, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£57.5K08/220.89 miFlat 15, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£65K01/220.89 miFlat 34, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£56.5K08/220.89 miFlat 27, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£60K05/230.89 miFlat 54, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£69.5K05/220.89 miFlat 23, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£76.5K08/210.89 miFlat 1, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£67.5K02/210.89 miFlat 36, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£63K06/210.89 miFlat 26, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K08/230.89 miFlat 31, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70K10/220.89 miFlat 28, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£77.5K11/230.89 miFlat 18, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£70.5K12/220.89 miFlat 52, Milton Court, Sandon Road, Smethwick, West Midlands B66 4AD2
£145K10/200.91 miFlat 79, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£132K04/210.91 miFlat 77, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£172K11/200.91 miFlat 72, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RS2
£175K02/210.93 miFlat 27, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£235K10/210.93 miFlat 9, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2
£200K08/210.93 miFlat 30, Highpoint, Richmond Hill Road, Birmingham, West Midlands B15 3RU2

Local Rents

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

RentDateDistanceAddressBeds 
£1,15012/240 miFlat , Holly Mount, Hagley Road, Birmingham2
£1,15003/240.01 mi-2
£1,00012/240.01 mi-2
£95003/250.01 mi-2
£99512/240.04 mi283 - 285 Hagley Road, Edgbaston, Birmingham, B16 9NB2
£1,20002/250.05 mi-2
£99502/250.05 mi-2
£1,07512/240.05 miSpire Court, Manor Road, Edgbaston, Birmingham2
£1,20012/240.06 miSpire Court, Manor Road, Edgbaston, B162
£1,14902/240.06 mi-2
£2,75012/240.06 mi-2
£1,49512/240.09 mi-2
£1,25002/250.09 mi-2
£1,10003/250.09 mi-2
£1,25012/240.1 miSt Augustines Court, St Augustines Road, Edgbaston2
£1,15012/240.1 miSt. Augustines Road, Birmingham2
£2,40012/240.15 mi-2
£85012/240.16 miWest Point, Edgbaston2
£99512/240.17 miWest Point, Hermitage Road, Edgbaston, Birmingham, B15 3US2
£1,20012/240.2 miLime Court, 206a Hagley Road, Birmingham, B162
£1,19512/240.22 miWoodbourne, Edgbaston2
£1,05012/240.24 miHowfield Court, 395 Gillott Road, Edgbaston 2
£1,80003/250.25 mi-2
£1,05012/240.27 miPortland Road, BIRMINGHAM2
£1,05012/240.27 miElmhurst, Norfolk Road2
£1,25012/240.28 miWoodbourne, Augustus Road, Edgbaston2
£1,59512/240.3 miYork Road, Edgbaston, Birmingham, B16 9JA2
£99512/240.3 miWoodbourne, Augustus Road, Edgbaston, Birmingham, B152
£1,10012/240.3 miStanmore Road, BIRMINGHAM2
£1,00012/240.3 miStanmore Road, BIRMINGHAM2
£1,15012/240.3 miStanmore Road, Smethwick2
£1,17501/250.31 mi-2
£1,20003/250.31 mi-2
£1,25012/240.33 miWoodbourne, Augustus Road, Edgbaston, B152
£92503/240.34 mi-2
£92503/240.34 mi-2
£92512/240.34 miYork Road, Edgbaston, Birmingham, B162
£1,45012/240.35 miWestfield Road2
£1,45012/240.35 miWestfield Road, Edgbaston, B152
£1,40012/240.36 mi-2
£95012/240.37 miYork Road, Edgbaston, Birmingham2
£1,40012/240.37 mi5 Montague Road, Edgbaston, Birmingham, B16 9HR2
£99512/240.4 miMeadow Court, Meadow Road, Edgbaston, Birmingham, B172
£1,40003/250.42 mi-2
£90012/240.44 miWheatsheaf Road, Edgbaston2
£97512/240.45 mi-2
£1,20003/250.48 mi-2
£1,05012/240.49 mi-2
£99503/250.49 mi-2
£1,04512/240.5 miApartment, 70 Mariner Avenue, B162

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

2.93 miles away

Nearest school

0.20 miles away

Nearest train station

1.50 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £169,000

March 24, 2025

Description

  • COUNCIL TAX BAND C - BIRMINGHAM COUNCIL +
  • SERVICE CHARGES (Including ground rent and building insurance) £1,505.44 +
  • 142 YEARS LEASE REMAINING +
  • PROPERTY IS LET ON A SHORT TERM (12 Months) TENANCY +
  • MONTHLY RENTAL £1,031.34p PCM +
  • CURRENT TENANCY EXPIRES 30TH JUNE 2025 +

Nestled on the vibrant Hagley Road in Birmingham, this charming flat offers a delightful blend of comfort and convenience. Spanning an impressive 678 square feet, the property features a well-proportioned reception room, perfect for both relaxation and entertaining guests. The flat comprises two inviting bedrooms, providing ample space for rest and personalisation, making it an ideal choice for young professionals, couples, or small families.

The bathroom is thoughtfully designed, ensuring functionality while maintaining a pleasant atmosphere. Built in 1970, this apartment combines classic architecture with modern living, offering a unique character that is hard to find in newer developments.

Situated in a lively area, residents will benefit from easy access to local amenities, including shops, restaurants, and excellent transport links, making commuting and exploring the city a breeze. This property presents a wonderful opportunity for those seeking a comfortable home in a bustling urban environment. Whether you are looking to invest or find your next residence, this flat on Hagley Road is certainly worth considering.

Hallway - 2.30 x 3.13 (7'6" x 10'3") -

Bedroom One - 2.21 x 3.68 (7'3" x 12'0") -

Bedroom 2 - 3.15 x 4.23 (10'4" x 13'10") -

Storage Cupboard - 0.83 x 2.12 (2'8" x 6'11") -

Bathroom - 2.12 x 2.10 (6'11" x 6'10") -

Kitchen - 4.07 x 2.08 (13'4" x 6'9") -

Lounge - 3.25 x 5.36 (10'7" x 17'7") -

Agent Details

Open House Estate Agents, Nationwide

020 3910 1882

Next Steps?

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