2 Bed Flat, Single Let, Birmingham, B15 2DR, £270,000

Lexington Gardens, Birmingham, B15 2DR - 6 views - 2 years ago

Leasehold
BTL
~68 m²
+8 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£149,296

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£1,100

Running Costs/mo

£1,084

Cashflow/mo

£16

Cashflow/yr

£195

ROI

0%

Gross Yield

5%

Local Sold Prices

28 sold prices from £30K to £500K, average is £144.3K. £724/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.43 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.44 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.44 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.44 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.44 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£130K06/210.45 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£150K02/230.46 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.46 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.46 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£65K02/230.48 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.48 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.48 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£235K12/220.5 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£55K03/210.51 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.51 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K09/210.56 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£242.5K10/200.59 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£235K07/210.61 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144K05/210.62 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£120.2K06/220.65 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.75 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£65K11/230.85 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£182K12/220.9 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.92 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.93 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K12/200.95 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£110K11/200.96 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£180K08/211 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40012/240 miWashington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR2
£1,27512/240 miWashington Apartments, Birmingham, B152
£1,25012/240 miWashington Apartments, Birmingham, B152
£1,40002/240 mi-2
£1,23002/240 mi-2
£1,30003/240 mi-2
£1,25003/240 mi-2
£1,32503/250 mi-2
£1,27502/240 mi-2
£1,35003/250.03 mi-2
£1,35012/240.04 miLincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B152
£2,40002/240.04 mi-2
£1,27012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,20012/240.04 miRickman Drive, BIRMINGHAM2
£1,40002/250.05 mi-2
£1,50012/240.06 miRoosevelt Apartments, Birmingham, B152
£1,30002/240.06 mi-2
£1,50012/240.06 mi-2
£1,29512/240.06 mi-2
£95012/240.07 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,15004/250.07 mi-2
£1,15012/240.07 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,15012/240.08 miBell Barn Road, Birmingham, B152
£1,15012/240.08 miBell Barn Road, Edgbaston, Birmingham, B152
£1,30012/240.09 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,10012/240.1 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.1 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.1 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,22512/240.12 miBell Barn Road2
£1,15012/240.15 mi22 Belgrave Middleway, Birmingham2
£1,50003/250.15 mi-2
£1,30003/240.15 mi-2
£1,30002/240.15 mi-2
£1,30012/240.15 mi-2
£1,30012/240.15 mi-2
£1,35001/250.15 mi-2
£1,30012/240.15 miWaterway House, Birmingham, B52
£1,25012/240.16 miAttwood House, Stratford House Road, B5 7EY2
£1,25012/240.16 miAttwood House, Birmingham, B52
£1,15004/250.16 mi-2
£2,40001/250.17 mi-2
£2,90002/250.17 mi-2
£2,45004/250.17 mi-2
£2,20002/240.18 mi-2
£1,10002/240.18 mi-2
£1,35012/240.19 miHope Street, BIRMINGHAM2
£1,40012/240.19 mi8 Hope Street, Birmingham, B5 7EU2
£1,20012/240.19 miApartment 15 Rickman Drive, Birmingham2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £270,000

October 11, 2023

Floor Plans

Description

  • OFFERING NO UPWARD CHAIN +
  • TWO DOUBLE BEDROOMS +
  • PRIVATE ALLOCATED PARKING +
  • WALKING DISTANCE TO BULLRING +
  • BIRMINGHAM CITY VIEWS +

SUMMARY
NO UPWARD CHAIN - This STUNNING two bedroom, two bathroom apartment is situated on the upper floor. Within walking distance to all the key points within BIRMINGHAM CITY such NEW STREET STATION, The Bull Ring and much more. An ideal first time purchase.

DESCRIPTION
Here at Connells Birmingham City office we offer free advice on the house buying, selling, investing and letting process. Whilst also offering a large range of brand new build properties. We also offer mortgage advise should you need it whether you're a purchaser, seller or investor. Please contact us for more information.

Situated close to great transport links with the New Street and Five Ways train stations along with local bus stops within walking distance. The opportunity to purchase this property should not be missed as this spacious apartment has lots to offer. Upon entry you access through a gated entrance where you will find a secure parking area.

Entance Hall  
Intercom, storage cupboard, immersion tank and wall mounted electric heater

Open Plan Lounge And Kitchen 24' x 15' 5" ( 7.32m x 4.70m )
Double glazed window double glazed door leading to Juliet balcony electric wall heater, fitted kitchen area with a range of wall and base units sink and drainer, integrated electric hob and oven, integrated fridge freezer and dishwasher.

Bedroom One 18' 3" x 11' 9" ( 5.56m x 3.58m )
Double glazed window with electric heater fitted wardrobes with door into en suite.

En Suite 
Bath with shower over head, wash hand basin and W/C. Extractor fan and wall mounted radiator. Complimentary tiling and spotlights.

Bedroom Two 11' 3" x 13' 7" ( 3.43m x 4.14m )
double glazed window electric wall mounted heater. Fitted wardrobes

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

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: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Connells, Birmingham City

0121 387 6591

Next Steps?

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