Sold STC Flat

FLAT 6

359 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS B38 9AY

2 beds 2 baths 753 sq ft Listed 15 Feb 2024 (-839d)

£140,000

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# 2 bedroom flat for sale (B38 9AY)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 6, 359 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS B38 9AY |
| Price | £140,000 |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Floor area | 70 m² |
| Last sold | £137,500 Jul 2024 |

## EPC Rating & Upgrade Cost

- **Current rating:** B
- **Potential rating:** B
- **Current heating cost:** £201/year

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0232-3886-7689-9105-7235)

## Description

Modern two bedroom upper floor flat in purpose built block with en suite shower to main bedroom, main bathroom, large open plan lounge/kitchen with balcony.

Council Tax Band B-Birmingham. We have been told that there are approximately 117 years lease remaining, ground rent in the region of £250 pa and service charges of £1860 pa.

## Property Photos

- ![Photo](/listings/photos/144752204/336323)
- ![Photo](/listings/photos/144752204/336328)
- ![Photo](/listings/photos/144752204/336333)
- ![Photo](/listings/photos/144752204/336336)
- ![Photo](/listings/photos/144752204/336340)
- ![Photo](/listings/photos/144752204/336346)
- ![Photo](/listings/photos/144752204/336350)
- ![Photo](/listings/photos/144752204/336364)
- ![Photo](/listings/photos/144752204/336373)
- ![Photo](/listings/photos/144752204/336375)

## EPC Graphs

- ![EPC 1](/listings/photos/144752204/336380) - EPC 1

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 359 FLAT 6 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS, B38 9AY | £137,500 | 12/07/2024 | Flat |
| 359 FLAT 6 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS, B38 9AY | £120,000 | 18/11/2016 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 12 HAREBELL GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9QU | £95,000 | 24/09/2025 | Flat |
| 2 FLAT 2 STOCKMANS CLOSE, BIRMINGHAM, WEST MIDLANDS, B38 9AX | £140,000 | 30/08/2023 | Flat |
| 2 FLAT 3 STOCKMANS CLOSE, BIRMINGHAM, WEST MIDLANDS, B38 9AX | £145,000 | 05/05/2023 | Flat |
| 4 THATCHWAY GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9UU | £105,000 | 31/10/2022 | Flat |
| [Same street] 359 FLAT 1 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS, B38 9AY | £134,000 | 30/06/2022 | Flat |
| 12 HAREBELL GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9QU | £82,000 | 11/03/2022 | Flat |

**Street average:** £134,000 (1 sale)
**Area average:** £113,400 (5 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £168,939 (9 Flat, B38, 2024–2026)
- **Deviation:** -17.1%

## Rental Range

*ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £977/mo
- **Realistic:** £1,086/mo
- **Optimistic:** £1,195/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Birmingham (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £748/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Semi-Detached House, Green Lane, B38 | £1,300/mo | 2 | 0.16 miles | OpenRent |
| 2 Bed Semi-Detached House, Bicentennial Road, B38 | £1,350/mo | 2 | 0.18 miles | OpenRent |
| 2 Bed Semi-Detached House, Reedmace Close, B38 | £1,250/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Terraced House, Halladale, B38 | £860/mo | 2 | 0.44 miles | OpenRent |
| 2 Bed Maisonette, Redditch Road, B38 | £800/mo | 2 | 0.46 miles | OpenRent |
| 2 Bed Terraced House, Kings Park West, B38 | £775/mo | 2 | 0.71 miles | OpenRent |
| 2 Bed Flat, Glenavon House, B38 | £1,000/mo | 2 | 0.8 miles | OpenRent |

**Average rent: £1,048/mo (7 listings)**

## 1% Rule

- **Rent ratio:** 0.71% (weak for cashflow)
- **Max investor price (0.8%):** £125,000
- **Target investor price (1%):** £100,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,000/mo).*

- **Gross yield:** 8.6%
- **Cost-to-rent:** 11.7×
- **Monthly cashflow:** £324/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 9.6%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £2,000/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 35.6%
- **10y growth:** 48.9%

## House Price Index (HM Land Registry)

*Official index for Birmingham; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.6%
- **5y growth (index):** 4.6%
- **10y growth (index):** 34.9%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

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Property details

Tenure

LEASEHOLD

Floor area

70 m²

EPC rating

Last sold

£137,500 Jul 2024

Price per m²

£2,000/m²

Local average

£168,939 (-17.1%)

Deprivation

Decile 1 (309 of 33,755)

Street crime

193 incidents within 1 mile (Mar 2026)

Description

Modern two bedroom upper floor flat in purpose built block with en suite shower to main bedroom, main bathroom, large open plan lounge/kitchen with balcony.

Council Tax Band B-Birmingham. We have been told that there are approximately 117 years lease remaining, ground rent in the region of £250 pa and service charges of £1860 pa.

Listed by

Birmingham

Oakton Estates

Reference: 144752204

EPC Rating & Upgrade Cost

Current rating: B

Potential rating: B

Inspection date: 06/08/2015

Current heating cost: £201/year

Potential heating cost: £201/year

View full EPC on gov.uk

Flood risk

Zone: 2

Risk: In flood risk area

Environment Agency Flood Risk Areas (APSFR)

EPC Graphs

EPC 1

Price history

15% since 2016

Event	Date	Price	% change
Sold	12/07/2024 (1 year ago)	£137,500	+14.6%
Sold	18/11/2016 (9 years ago)	£120,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
12 HAREBELL GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9QU	£95,000	24/09/2025	Flat
2 FLAT 2 STOCKMANS CLOSE, BIRMINGHAM, WEST MIDLANDS, B38 9AX	£140,000	30/08/2023	Flat
2 FLAT 3 STOCKMANS CLOSE, BIRMINGHAM, WEST MIDLANDS, B38 9AX	£145,000	05/05/2023	Flat
4 THATCHWAY GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9UU	£105,000	31/10/2022	Flat
Same street 359 FLAT 1 SHANNON ROAD, BIRMINGHAM, WEST MIDLANDS, B38 9AY	£134,000	30/06/2022	Flat
12 HAREBELL GARDENS, BIRMINGHAM, WEST MIDLANDS, B38 9QU	£82,000	11/03/2022	Flat

Street average: £134,000 (1 sale)

Area average: £113,400 (5 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 35.6%

10y growth 48.9%

House Price Index (HM Land Registry — official index, not sold-price averages): Birmingham. Series: Flats and maisonettes. As of March 2026.

1y (index) -3.6%

5y (index) 4.6%

10y (index) 34.9%

Rental Range

Estimated market rent for Birmingham. Low = conservative, Realistic = average, Optimistic = best case.

Low £977/mo

Realistic £1,086/mo

Optimistic £1,195/mo

Based on Local Authority from postcode lookup → Birmingham.

LHA (30th percentile) floor for Birmingham: £748/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View B38 9AY

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Shannon Rd / Health Centre	0.0 miles
Shop	Kasda Daily Store	0.1 miles
Shop	Aldi	0.3 miles
Hospital	West Heath Hospital	0.8 miles
Train station	Kings Norton	1.3 miles
Train station	Northfield	1.5 miles
Hospital	Royal Orthopaedic Hospital	2.0 miles
University	Birmingham City University, Bournville Campus	2.4 miles

Street-level crime

Category	Count
Violence and sexual offences	96
Criminal damage and arson	20
Public order	14
Vehicle crime	13
Shoplifting	12
Other theft	10
Anti-social behaviour	9
Other crime	6
Burglary	5
Possession of weapons	5
Robbery	3
Total incidents	193

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Hawkesley Church Primary Academy	Primary	0.2 miles	Good — 18 Nov 2021
Ark Kings Academy	Other	0.3 miles	Good — 25 Apr 2024
New Ways School	Other	0.6 miles	Outstanding — 15 May 2023
St Paul's Catholic Primary School	Primary	0.6 miles	Good — 13 Jan 2022
Fairway Primary Academy	Primary	0.7 miles	Requires improvement — 8 May 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Semi-Detached House, Green Lane, B38	£1,300/mo	2	0.16 miles	OpenRent
2 Bed Semi-Detached House, Bicentennial Road, B38	£1,350/mo	2	0.18 miles	OpenRent
2 Bed Semi-Detached House, Reedmace Close, B38	£1,250/mo	2	0.29 miles	OpenRent
2 Bed Terraced House, Halladale, B38	£860/mo	2	0.44 miles	OpenRent
2 Bed Maisonette, Redditch Road, B38	£800/mo	2	0.46 miles	OpenRent
2 Bed Terraced House, Kings Park West, B38	£775/mo	2	0.71 miles	OpenRent
2 Bed Flat, Glenavon House, B38	£1,000/mo	2	0.8 miles	OpenRent

Average rent: £1,048/mo (7 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.71%

Max investor price (0.8%) £125,000

Target investor price (1%) £100,000

Gross yield 8.6%

Cost-to-rent ratio 11.7×

Monthly cashflow £324/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 9.6%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).