Chester Road, Birmingham, B24
By Pure Investor
£ 137,500
Reviews
2 out of 5 stars
Pure Investor says ..
2 Bedroom First Floor Apartment | Being Sold With a Tenant In Situ | Gross Rental Yield Of 6.9% | Annual Rental Income Just Under £10,000 Per Annum | Good Length Lease | Investment Property
Property Oracle says ..
This 2-bedroom, 1-bathroom flat located on Chester Road in Erdington, Birmingham, is presented as a potential investment property. The listing highlights a rental yield exceeding 6%, suggesting a strong return on investment in the local rental market. The provided photos showcase a relatively modern interior, well-maintained and freshly decorated in neutral colours. The apartment features a decent-sized living area with large windows and a modern kitchen. While the bedrooms are adequately sized, the property lacks outdoor space. The location offers convenient access to Chester Road train station and various bus routes, enhancing its appeal to commuters. Several primary and secondary schools are also within a reasonable distance. However, more detailed insights into the condition of the building and specific information on the other neighbouring properties is required for a complete evaluation of the property. The lack of garden space is a notable drawback. Overall, this apartment seems suitable for both owner-occupiers looking for a comfortable home and investors seeking rental income, but prospective buyers should conduct a thorough structural survey before making a final decision.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 6
- Land
- 1
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 753.47
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 257,097.00 £Decreased by 8.25 %
- Est sale value
- 248,645.10 £Increased by 14.98 %
- Average area rental value
- 956.00 £/moIncreased by 1.92 %
- Est letting value
- 753.47 £/mo
- Est rental Yield
- 4.46 %Increased by 10.95 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Pure Investor created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Penns Primary School | Community School | Good | 0.54 KM |
| Yenton Primary School | Academy Converter | 0.62 KM | |
| Paget Primary School | Community School | Requires improvement | 0.77 KM |
| St Edmund Campion Catholic School | Academy Converter | 1.32 KM | |
| St Peter And St Paul Rc Junior And Infant School | Academy Converter | 1.37 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Windsor Drive | £ 280,000 | 0 | 0.00 KM |
| Cedar Drive | £ 375,000 | 0 | 0.00 KM |
| Park Tree Walk | £ 267,500 | 0 | 0.00 KM |
| Paget Close | £ 251,250 | 0 | 0.00 KM |
| Grange Road | £ 439,423 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chester Road | 1130 | CRD | 1.70 KM |
| Erdington | 1041 | ERD | 2.29 KM |
| Wylde Green | 1138 | WYL | 2.35 KM |
| Gravelly Hill | 1132 | GVH | 4.04 KM |
| Sutton Coldfield | 1044 | SUT | 4.09 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Chester Road, Erdington, Birmingham | £ 500,000 | BUY | 6 / 10 | 0.00 KM |
| Chester Road, Erdington, Birmingham, B24 0EL | £ 340,000 | BUY | Unknown | 0.01 KM |
| Chester Road, Erdington, Birmingham, B24 0EL | £ 143,950 | BUY | 6 / 10 | 0.01 KM |
| Habitat Court, Chester Road, Erdington, Birmingham B24 0EL | £ 145,000 | BUY | 6 / 10 | 0.01 KM |
| Chester Road, Erdington, B24 | £ 143,000 | BUY | 6 / 10 | 0.04 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 882 Chester Road | £ 410,000 | 0.00 KM |
| 860 Chester Road | £ 175,150 | 0.00 KM |
| 890 Chester Road | £ 462,000 | 0.00 KM |
| 862 Chester Road | £ 147,000 | 0.00 KM |
| 150 Grange Road | £ 140,000 | 0.08 KM |