2 Bed Flat, Single Let, Birmingham, B15 2DR, £265,000

Washington Apartments, 5 Lexington Gardens, Park Central, B15 2DR - 3 views - a year ago

Leasehold
BTL
ROI: 1%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£30K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£149,296

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£950 - £2,900

Rent Estimate

£1,100

Running Costs/mo

£1,068

Cashflow/mo

£32

Cashflow/yr

£383

ROI

1%

Gross Yield

5%

Local Sold Prices

29 sold prices from £30K to £500K, average is £144K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.43 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.44 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.44 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.44 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.44 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£130K06/210.45 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£150K02/230.46 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.46 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.46 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£65K02/230.48 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.48 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.48 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£235K12/220.5 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£55K03/210.51 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.51 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K09/210.56 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£242.5K10/200.59 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£235K07/210.61 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144K05/210.62 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£120.2K06/220.65 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.75 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£65K11/230.85 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£182K12/220.9 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.92 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.93 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K12/200.95 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£130K10/200.95 mi6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£110K11/200.96 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£180K08/211 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40012/240 miWashington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR2
£1,27512/240 miWashington Apartments, Birmingham, B152
£1,25012/240 miWashington Apartments, Birmingham, B152
£1,40002/240 mi-2
£1,23002/240 mi-2
£1,30003/240 mi-2
£1,25003/240 mi-2
£1,32503/250 mi-2
£1,27502/240 mi-2
£1,35003/250.03 mi-2
£1,35012/240.04 miLincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B152
£2,40002/240.04 mi-2
£1,27012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,30012/240.04 miRickman Drive, BIRMINGHAM2
£1,20012/240.04 miRickman Drive, BIRMINGHAM2
£1,40002/250.05 mi-2
£1,50012/240.06 miRoosevelt Apartments, Birmingham, B152
£1,30002/240.06 mi-2
£1,50012/240.06 mi-2
£1,29512/240.06 mi-2
£95012/240.07 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,20003/250.07 mi-2
£1,15012/240.07 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,15012/240.08 miBell Barn Road, Birmingham, B152
£1,15012/240.08 miBell Barn Road, Edgbaston, Birmingham, B152
£1,30012/240.09 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,10012/240.1 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.1 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.1 miThe Edge, 103 Springmeadow Road B15 2GJ2
£1,22512/240.12 miBell Barn Road2
£1,15012/240.15 mi22 Belgrave Middleway, Birmingham2
£1,50003/250.15 mi-2
£1,30003/240.15 mi-2
£1,30002/240.15 mi-2
£1,30012/240.15 mi-2
£1,30012/240.15 mi-2
£1,35001/250.15 mi-2
£1,30012/240.15 miWaterway House, Birmingham, B52
£1,25012/240.16 miAttwood House, Stratford House Road, B5 7EY2
£1,25012/240.16 miAttwood House, Birmingham, B52
£1,25002/250.16 mi-2
£2,40001/250.17 mi-2
£2,90001/250.17 mi-2
£2,20002/240.18 mi-2
£1,10002/240.18 mi-2
£1,35012/240.19 miHope Street, BIRMINGHAM2
£1,40012/240.19 mi8 Hope Street, Birmingham, B5 7EU2
£1,20012/240.19 miApartment 15 Rickman Drive, Birmingham2
£1,20012/240.19 miRickman Drive, Birmingham, B152

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

0.99 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £265,000

May 1, 2024

Floor Plans

Description

  • Two Spacious Double Bedrooms +
  • Third Floor Apartment +
  • Secure, Allocated Parking +
  • No Upward Chain +
  • Juliette Balcony +
  • 761 Sq. Ft. +
  • Gated Development +
  • Ideal For A First Time Buyer Or Investor +
  • Close To Local Amenities +
  • Popular City Centre Location +

DESCRIPTION This brilliant two bedroom apartment is located within Washington apartments' phase of "The Curve", in Birmingham City Centre.

This third floor apartment boasts an open plan kitchen/living area complete with integral appliances of fridge/freezer, dishwasher, four ring electric hob and oven, with living area featuring a beautiful Juliette balcony.

There are two large double bedrooms, a family bathroom and Ensuite to the master, It further consists of ample storage-including fitted wardrobes in two of the bedrooms and hallway hosting video entry system.

Externally the property benefits from gorgeous views overlooking Birmingham and is situated within a secure, gated development. 

LOCATION Washington Apartments is the latest phase of the Park Central community, so is in close proximity to a welcoming green park-for which the district is named after. With a modern feel throughout and located just a short walk away from both New Street Station and a plethora of popular bars, restaurants and shopping amenities including the prestigious Mailbox complex, Bullring shopping centre and Grand Central.

Beyond is the city's bustling financial district, whilst immediate access to good road and transport links of A38 makes further commuting easy. 

JAMES LAURENCE ESTATE AGENTS MATERIAL INFORMATION Agents Note: We have not tested any of the electrical, central heating or sanitary ware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. All material information stated below has been provided by our client, but we would request all information to be verified by the purchaser's chosen solicitor.

Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

Tenure: Leasehold

Services: All mains' services are connected to the property.

Local Authority: Birmingham City Council

Council Tax Band - C

Service Charge - £2,870.18 Per Annum

Ground Rent - £350.00 Per Annum

Ground Rent Review Period - TBC

Length of Lease - 243 years remaining

To complete our comprehensive service, James Laurence Estate Agents is pleased to offer the following:-

Free Valuation: Please contact the office on to make an appointment.

Residential Lettings and Management: If you are interested in letting out your property or are considering renting a property, please contact our office to find out further information.

Conveyancing: Very competitively priced rates agreed with our panel of local experienced and respected Solicitors. Please contact this office for further details.

Financial Services: James Laurence Estate Agents work with an independent Mortgage Service offering face to face mortgage advice to suit your needs. Please contact the office on to make a free appointment.

Agent Details

James Laurence Estate Agents, Birmingham

0121 387 6501

Next Steps?

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