127 RICKMAN DRIVE
Recent sale
£75k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Apartment 11, 127 Rickman Drive, Birmingham, B15 2BF
UPRN:10023505442Purpose Built Flat3 bedsBuilt 2003-2006
LeaseholdCouncil Tax: Band CEPC: C (79)
Data freshness:Planning· 4mo agoPlanning: stale, refreshed 4mo ago (2026-07-10T08:49:43.573404+00:00)EPC· 4mo agoEPC: stale, refreshed 4mo ago (2026-07-01T02:04:50.057738+00:00)Risk· 2y agoRisk: stale, refreshed 2y ago (2024-12-31T00:00:00+00:00)Amenities· 1mo agoAmenities: ageing, refreshed 1mo ago (2026-09-23T00:00:00+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
Valuation estimateUpdated 2 days ago
£258,000
Estimated value
Range: £245k - £271k|Last sold: £260k (2018-07-20)
Estimate of £258k for this purpose built flat. 101 sales in B15 in the last 12 months; median £242k.
Estimate confidence
High confidence
Value History
Current estimate
£258k
£245k - £271k - High confidence
Annualised (CAGR)
-0.42%
Over the full window
Peak estimate
£287k
Aug 2022
From peak
-10.10%
Drawdown from peak
AVM estimate (model)Repeat-sales index - B15 district (quarterly)index YoY -5.56%
Growth by window
3m
+10.73%
6m
+7.95%
12m
+5.74%
24m
+4.03%
60m
-6.52%
Rental Market
Estimated rent (pcm)
£1,400
/ month
Gross yield
6.73%
Rent ÷ asking price
Net yield
4.67%
Assumes ~31% running costs (not this property's)
Vacancy trend
12-month change
Market Metrics
Median Area Price
£242k
B15 sales, last 12 months
12m Price Growth
-
B15 median, Land Registry
Days on Market
81d
B15 average
Sales & Yield
3 metricsTransactions / 12m
101
B15 sales
Area Gross Yield
4.82%
B15 medians
Last Sold
£260k
2018-07-20
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£249,500
- SDLT standard£2,490
- SDLT BTL surcharge (5%)£12,475
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£266,565
Funding
- Deposit (25%)£62,375
- Mortgage (75% LTV)£187,125
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£79,440
Monthly Returns
- Monthly Rent (estimate)£1,400
- Mortgage Payment (IO)-£819
- Management (10%)-£140
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)+£341
Capital Returns
- 5yr Property Value£208,248
- 5yr Capital Gain (-3.55% pa, historical)-£41,252
- 5yr Cumulative Rent (net, before lease costs)+£72,668
- Less mortgage interest-£49,140
- 5yr Total Return (before lease costs)-£17,724
Modelled on the live asking price. 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
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £240,643 | £53,518 | +£4,092 | -£4,765 | -6.0% |
| Year 2 | £232,100 | £44,975 | +£8,484 | -£8,916 | -11.2% |
| Year 3 | £223,860 | £36,735 | +£13,183 | -£12,457 | -15.7% |
| Year 4 | £215,913 | £28,788 | +£18,195 | -£15,392 | -19.4% |
| Year 5 | £208,248 | £21,123 | +£23,528 | -£17,724 | -22.3% |
Modelled on the live asking price. 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 (£79,440).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
135 RICKMAN DRIVE
Recent sale
£99k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
135 RICKMAN DRIVE
Recent sale
£114k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
127 RICKMAN DRIVE
Recent sale
£260k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Area Economic Intelligence
Signal
£30,180
Median earnings (local authority)
Signal
1,999
Population
Signal
5.3%
Households Deprived