Apartment 1, Lincoln Apartments, 3 Lexington Gardens, Birmingham, B15 2DS

UPRN:10093619871Flat/Maisonette1 bedsBuilt -

LeaseholdCouncil Tax: Band AEPC: D (65)

Data freshness:Listing· freshPlanning· 4mo agoEPC· 5mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021

Valuation estimateUpdated yesterday

£168,000

Estimated value

Range: £160k - £176k|Last sold: £173k (2018-06-22)

Estimate of £168k for this flat/maisonette. 101 sales in B15 in the last 12 months; median £242k.

Estimate confidence

High confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£168k

£160k - £176k - High confidence

Annualised (CAGR)

-1.59%

Over the full window

Peak estimate

£201k

Aug 2022

From peak

-16.42%

Drawdown from peak

AVM estimate (model)Repeat-sales index - B15 district (quarterly)index YoY -5.56%

Growth by window

-1.18%

-3.45%

12m

-2.89%

24m

-6.15%

60m

-13.85%

Rental Market

Monthly

Estimated rent (pcm)

£950

/ month

Gross yield

6.79%

Rent ÷ estimated value

Net yield

4.70%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£242k

B15 sales, last 12 months

12m Price Growth

-21.1%

B15 median, Land Registry

Days on Market

81d

B15 average

Sales & Yield

3 metrics

Transactions / 12m

101

B15 sales

Area Gross Yield

4.82%

B15 medians

Last Sold

£173k

2018-06-22

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Estimated Value£168,000
SDLT standard£860
SDLT BTL surcharge (5%)£8,400
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£179,360

Funding

Deposit (25%)£42,000
Mortgage (75% LTV)£126,000
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£53,360

Monthly Returns

Monthly Rent (estimate)£950
Mortgage Payment (IO)-£551
Management (10%)-£95
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£204

Capital Returns

5yr Property Value£140,223
5yr Capital Gain (-3.55% pa, historical)-£27,777
5yr Cumulative Rent (net, before lease costs)+£47,386
Less mortgage interest-£33,060
5yr Total Return (before lease costs)-£13,451

Modelled on the estimated value: the property is not on the market. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.

5-Year Projection

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£162,036	£36,036	+£2,448	-£3,516	-6.6%
Year 2	£156,284	£30,284	+£5,100	-£6,616	-12.4%
Year 3	£150,736	£24,736	+£7,961	-£9,304	-17.4%
Year 4	£145,385	£19,385	+£11,034	-£11,581	-21.7%
Year 5	£140,223	£14,223	+£14,326	-£13,451	-25.2%

Modelled on the estimated value: the property is not on the market. Capital growth -3.55% a year is the B15 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£53,360).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,999

Population

Signal

5.3%

Households Deprived

Upside Opportunities

0 levers