16% Net Yield, £60'000pa NET Rent, Brook Lane, Birmingham, B13
By SBI Estates
£ 375,000
Reviews
3 out of 5 stars
SBI Estates says ..
Would you like a hands off investment opportunity? This property let on a 5 year lease for £5000 pcm/ £60'000 p.a and producing a 17% Net Yield. Government Backed rentals.
Property Oracle says ..
This property in Birmingham, located on Brook Lane in the Brandwood & King’s Heath area, presents itself as a multi-unit dwelling, likely designed for rental purposes. Its key selling points appear to be its significant rental yield and convenient location near highly-rated schools. The property boasts six bedrooms and six bathrooms, suggesting a potential for substantial rental income. While the provided images reveal modern, renovated bathrooms and kitchenettes in each unit, a more detailed assessment of the property’s overall structural integrity and condition is needed before a complete conclusion can be drawn. The small garden may be a consideration for those seeking a property with more substantial outdoor space. The lack of precise square footage data for the whole property makes it difficult to definitively assess the property’s value per square foot. However, given its strong rental yield and the average prices of nearby properties, the list price of £375,000 seems relatively reasonable within the context of the local market, albeit dependent on a full structural survey being completed.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 6
- Bathrooms
- 6
- Sqft (est)
- 717.95
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
- 258,571.00 £Decreased by 18.16 %
- Est sale value
- 235,487.60 £Increased by 11.95 %
- Average area rental value
- 1,230.00 £/moIncreased by 21.30 %
- Est letting value
- 717.95 £/mo
- Est rental Yield
- 5.71 %Increased by 48.31 %
- Crime Rate
- 5.00 %Unchanged by 0.00 %
Agent Activity
SBI Estates created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Swanshurst School | Community School | Outstanding | 0.35 KM |
| The Dame Ellen Pinsent School | Foundation Special School | Outstanding | 0.59 KM |
| Kings Heath Boys | Community School | Good | 0.91 KM |
| Wheelers Lane Primary School | Community School | Good | 0.94 KM |
| Wheelers Lane Technology College | Community School | Outstanding | 0.95 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Barn Lane | £ 462,500 | 0 | 0.00 KM |
| Marlcliff Grove | £ 162,500 | 0 | 0.00 KM |
| Alfred Street | £ 250,000 | 0 | 0.00 KM |
| Birches Close | £ 0 | 0 | 0.00 KM |
| Fir Grove | £ 315,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Yardley Wood | 4537 | YRD | 3.01 KM |
| Hall Green | 4521 | HLG | 3.81 KM |
| Small Heath | 4530 | SMA | 4.22 KM |
| Bordesley | 4513 | BBS | 4.49 KM |
| Spring Road | 4535 | SRI | 4.85 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 13% Net Yield, £39,000 Pa Net Yield, Brook Lane, Birmingham, B13 | £ 300,000 | BUY | 6 / 10 | 0.00 KM |
| Brook Lane, Moseley/Kings Heath Border, Birmingham | £ 260,000 | BUY | 8 / 10 | 0.10 KM |
| Wheelers Lane, Kings Heath, Birmingham, B13 | £ 475,000 | BUY | 7 / 10 | 0.17 KM |
| Coldbath Road, Moseley, Birmingham | £ 220,000 | BUY | 6 / 10 | 0.46 KM |
| Wheelers Lane, Kings Heath | £ 625,000 | BUY | 7 / 10 | 0.47 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 85 Brook Lane | £ 125,000 | 0.00 KM |
| 109 Brook Lane | £ 127,000 | 0.00 KM |
| 115 Brook Lane | £ 102,000 | 0.00 KM |
| 95 Brook Lane | £ 144,000 | 0.00 KM |
| 103 Brook Lane | £ 135,500 | 0.00 KM |