# 2 bedroom apartment for sale (B45 9YB) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 12, BEECHES COURT, 1, ASHILL ROAD, BIRMINGHAM, REDNAL, WEST MIDLANDS B45 9YB | | Price | £60,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | TBC | | Last sold | £57,500 Apr 2026 | ## Description We are acting in the sale of the above property and have received an offer of £57,500 on the above property. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place **Two Bedroom Retirement Apartment for Over 60's - No Chain** A fantastic opportunity to purchase a two bedroom spacious apartment within close proximity to public transport links, shops and schools and comprises in brief; communal areas including lounge/kitchen and guest suite for family and friends, entrance to flat, lounge/diner, kitchen, study room, two bedrooms, shower room, double glazed and electric heating throughout, parking area for residents and visitors. We have been advised by the vendor that the property is Leasehold and council tax band TBC We have been provided the following lease information - Approx £4356.00 Annual Service Charge 125 year lease granted in 1999. Please note all this information needs verifying via a solicitor and Oakmans cannot be held responsible. Anti-money Laundering Checks (AML) Regulations require us to conduct identity and AML checks and gather information about every buyer's financial circumstances. These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. The rules are set by law and enforced by trading standards. We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £100 (plus VAT). This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. It's paid in advance via our onboarding system, Kotini, and is non-refundable. ## Property Photos - ![DOM03477-Edit.jpg](/listings/photos/163551980/1855557) - DOM03477-Edit.jpg - ![DOM03439.jpg](/listings/photos/163551980/1855558) - DOM03439.jpg - ![DOM03446.jpg](/listings/photos/163551980/1855559) - DOM03446.jpg - ![DOM03456.jpg](/listings/photos/163551980/1855563) - DOM03456.jpg - ![DOM03454.jpg](/listings/photos/163551980/1855566) - DOM03454.jpg - ![DOM03461.jpg](/listings/photos/163551980/1855569) - DOM03461.jpg - ![DOM03464.jpg](/listings/photos/163551980/1855570) - DOM03464.jpg - ![DOM03466.jpg](/listings/photos/163551980/1855574) - DOM03466.jpg - ![DOM03468.jpg](/listings/photos/163551980/1855576) - DOM03468.jpg - ![DOM03470.jpg](/listings/photos/163551980/1855581) - DOM03470.jpg - ![DOM03472.jpg](/listings/photos/163551980/1855584) - DOM03472.jpg - ![DOM03474-Edit.jpg](/listings/photos/163551980/1855588) - DOM03474-Edit.jpg - ![DOM03437.jpg](/listings/photos/163551980/1855592) - DOM03437.jpg - ![DOM03458.jpg](/listings/photos/163551980/1855602) - DOM03458.jpg - ![DOM03459.jpg](/listings/photos/163551980/1855607) - DOM03459.jpg ## Floorplans - ![12 Beeches Court cop](/listings/photos/163551980/1855619) - 12 Beeches Court cop ## EPC Graphs - ![EPC Rating Graph](/listings/photos/163551980/1855632) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | BEECHES COURT, 1 FLAT 12 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £57,500 | 15/04/2026 | Flat | | BEECHES COURT, 1 FLAT 12 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £86,950 | 05/09/2001 | 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 | |---------|-------|------|------| | [Same street] BEECHES COURT, 1 FLAT 11 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £75,000 | 26/09/2023 | Flat | | [Same street] BEECHES COURT, 1 FLAT 23 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £105,000 | 04/09/2023 | Flat | | [Same street] BEECHES COURT, 1 FLAT 51 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £90,000 | 04/08/2023 | Flat | | [Same street] BEECHES COURT, 1 FLAT 63 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £90,000 | 03/03/2023 | Flat | | [Same street] BEECHES COURT, 1 FLAT 72 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £80,000 | 06/10/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 60 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £69,950 | 12/08/2022 | Flat | | 19 FLAT 1 STONECROFT AVENUE, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9NL | £120,000 | 11/07/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 16 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £65,000 | 01/06/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 26 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £85,000 | 30/05/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 18 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £84,300 | 14/04/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 71 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £88,000 | 29/03/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 24 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £80,000 | 28/01/2022 | Flat | | [Same street] BEECHES COURT, 1 FLAT 5 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £90,000 | 04/10/2021 | Flat | | 17 STONECROFT AVENUE, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9NL | £77,154 | 17/09/2021 | Flat | | [Same street] BEECHES COURT, 1 FLAT 28 ASHILL ROAD, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9YB | £110,000 | 15/09/2021 | Flat | **Street average:** £85,558 (13 sales) **Area average:** £98,577 (2 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £138,806 (9 Flat, B45, 2024–2026) - **Deviation:** -56.8% ## Rental Range *ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £984/mo - **Realistic:** £1,093/mo - **Optimistic:** £1,202/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 Flat, Rednal, B45 | £780/mo | 2 | 0.3 miles | OpenRent | | 2 Bed Flat, New Road, B45 | £1,000/mo | 2 | 0.63 miles | OpenRent | **Average rent: £890/mo (2 listings)** ## 1% Rule - **Rent ratio:** 1.48% (strong) - **Max investor price (0.8%):** £111,250 - **Target investor price (1%):** £89,000 *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 £890/mo).* - **Gross yield:** 17.8% - **Cost-to-rent:** 5.6× - **Monthly cashflow:** £540/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 37.2% *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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 14.7% - **10y growth:** 17.3% ## House Price Index (HM Land Registry) *Official index for Birmingham; Flats and maisonettes series; as of May 2026.* - **1y growth (index):** -3.4% - **5y growth (index):** 4.3% - **10y growth (index):** 32.5% ## 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)