stamp duty: £4,000
mortgage fees: £1,500
conveyancing fees: £1,000
1 reception room
The listings particulars haven't yet been reviewed by the vendor and are therefore not final.
We are currently awaiting the AST from the landlord and will update the listing when received.
Prices in B24 have increased 32% over the last 5 years (-2% over the last 12 months) and are £167,000 which varies by property type (£82,000 for a 1-bed flat to £257,000 for a 5-bed detached property). On average, there have been 27 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider Birmingham postcode area are £188,000 (+2% over the last 12 months) and range between £116,000 for a 1-bed flat to £607,000 for a 5-bed detached property.
Rents in B21 are now at £603 per month (+12% over the last 12 month). On average, there have been 22 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 5.2% which is higher than the national average of 4.9% and higher than the wider Birmingham B postcode area of 4.9%.
This property is currently achieving a gross yield of 5.5% which is 5% higher than the area.
Source: REalyse - 26/04/2019 Note: prices and rent are median and averaged over the last 12 months, unless stated. Data from property listings is taken from c. 20 different sites and agents.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
Birmingham is the second largest city in the UK and boasts a population close to four million and is still growing rapidly. This metropolitan city can be found in the West Midlands, around 120miles north west of London.
Due to its central location within the country, Birmingham has fantastic travel routes via the motorway, rail and even canal networks. Major motorway routes such as the M5, M6, M40 and M42 all pass through Birmingham connecting it to all parts of the nation.
Birmingham has a busy extensive rail network system. The busiest station is Birmingham New Street, which is actually the busiest station outside of London and offers Virgin fast trains to London Euston, Glasgow Central and Edinburgh Waverley.
Also, soon to be home to the High Speed 2 rail link, which will stop at Birmingham’s Curzon Street railway station and offer a service to central London in under 50minutes as well as other routes around the country. Travelling around within the city couldn’t be easier as Birmingham has one of the busiest urban rail systems and urban bus systems outside of London, capable of taking you to any desired location in and around the city.
Birmingham is home to many amazing job opportunities through many well-known employers, such as; National Express, Lloyds Banking Group, RBS, Whitbread, Jaguar and Rolls Royce to name a few.
This location could be perfect for a young family looking for local education options. The apartments are a convenient 5minute walk from St Thomas Children’s Centre and less than ten minutes from two other co-ed primary schools; St Thomas C of E Academy and Saint Catherine of Siena Roman Catholic Primary School.
Birmingham is home to five major universities and has the highest population of students in higher education outside of London.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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