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Stonechat Drive, Birmingham, B23

West Midlands

£90,000Guide Price

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Flat
Area
646 sqft

Description

This two-bedroom first-floor apartment represents a solid investment opportunity for those looking to apply their creative touch. Although it requires cosmetic updates throughout, the generous layout offers significant potential for enhancements that could elevate both comfort and value. Located in Erdington, the property boasts convenient access to local amenities and is sold with no upward chain. Upon entry through a secure communal entrance with an intercom system, you'll find a welcoming hallway leading to a bright dual-aspect lounge, ideal for modern living arrangements. The lounge features ample space for dining and relaxation, while the adjacent kitchen has good foundational appliances and storage options. The accommodation includes two well-sized bedrooms equipped with built-in storage, which provides versatility for guests, children, or working from home. A functional family bathroom rounds out the interior space. Externally, the property includes a garage en bloc for parking or additional storage. This apartment is positioned in a desirable area with consistent demand from renters due to its proximity to schools and transport links into Birmingham. The refurbishment possibilities make this property particularly appealing for first-time buyers or investors seeking to add value.

Investment analysis

(B23 area)

Below Market Value

This property is priced -38.1% below area average per sq ft

-38.1%
Potential saving
This Property
£139/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£245
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£159,814
10% above area average per sq ft
Potential ROI
+45.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (B23)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +3.0%
5 year growth: +20.5%
Investment Disclaimer: Analysis based on B23 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Stonechat Drive, Birmingham, B23
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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