3 Bed Terraced House, Planning Permission, Birmingham, B18 6NZ, £510,000

The Minories, Warstone Lane, Jewellery Quarter, B18 6NZ - a year ago

Planning
ROI: 5%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£82K - £353K
Sold Prices/m²£1.1K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£5.5K/m²

Value Estimate

£208,654

 

 

End Value (After Refurb)

£244,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£127,500

Stamp Duty & Legal Fees

£42,200

Refurb Costs

£36,593

Bridging Loan Interest

£13,388

Total Cash In

£221,431

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,000

Mortgage (After Refinance)

£183,000

Mortgage LTV

75%

Cash Left In

£221,431

Equity

£61,000

Rent Range

£1,150 - £3,600

Rent Estimate

£2,029

Running Costs/mo

£1,188

Cashflow/mo

£841

Cashflow/yr

£10,088

ROI

5%

Gross Yield

5%

Local Sold Prices

47 sold prices from £82K to £353K, average is £180K. £1.1K/m² to £3.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£353K12/210.21 mi89, Camden Street, Birmingham, West Midlands B1 3DD3
£245K02/230.23 mi278, Camden Street, Hockley, Birmingham, West Midlands B18 7NZ3
£231.5K05/220.35 mi8, Acorn Grove, Birmingham, West Midlands B1 2PL3
£175K04/230.35 mi33, Herne Close, Birmingham, West Midlands B18 7PS3
£190K11/200.38 mi28, College Street, Birmingham, West Midlands B18 7PD3
£210K01/220.4 mi40, St Marks Crescent, Birmingham, West Midlands B1 2PX3
£205K07/230.42 mi48, Hurdlow Avenue, Birmingham, West Midlands B18 5QQ3
£136K10/200.47 mi3, Ford Street, Birmingham, West Midlands B18 5PL3
£193K04/230.48 mi23, Goode Avenue, Birmingham, West Midlands B18 5QH3
£215K11/220.49 mi62, Whitmore Street, Birmingham, West Midlands B18 5BP3
£246K02/210.64 mi25, Knoll Croft, Ladywood, Birmingham, West Midlands B16 8DY3
£150K09/220.67 mi59, South Road, Hockley, Birmingham, West Midlands B18 5NA3
£235K10/220.69 mi18, Ashton Croft, Birmingham, West Midlands B16 8EX3
£175K07/230.72 mi134, Wiggin Street, Birmingham, West Midlands B16 0AH3
£260K09/220.73 mi18, Navigation Way, Hockley, Birmingham, West Midlands B18 5RW3
£325K03/230.77 mi28, Grosvenor Street West, Birmingham, West Midlands B16 8HN3
£120K10/200.78 mi17, Willow Gardens, Birmingham, West Midlands B16 0BD3
£200K09/220.78 mi219, South Road, Hockley, Birmingham, West Midlands B18 5JP3
£222K02/220.8 mi17, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£148K05/210.8 mi4, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£82K04/210.8 mi2, Orchid Drive, Hockley, Birmingham, West Midlands B19 2DD3
£175K01/230.82 mi12, Merryhill Drive, Birmingham, West Midlands B18 5HJ3
£265K09/220.82 mi12, Clark Street, Birmingham, West Midlands B16 9ES3
£168K01/220.82 mi5, Shetland Close, Birmingham, West Midlands B16 0RF3
£230K04/210.82 mi11, Shetland Close, Birmingham, West Midlands B16 0RF3
£225K08/220.83 mi35, Barford Road, Birmingham, West Midlands B16 0DY3
£220K03/230.83 mi39, Barford Road, Birmingham, West Midlands B16 0DY3
£150K01/230.84 mi325, Hospital Street, Birmingham, West Midlands B19 2YD3
£120K10/210.85 mi4, South Road Avenue, Birmingham, West Midlands B18 5JR3
£155K06/210.86 mi310, Hospital Street, Birmingham, West Midlands B19 2NJ3
£178K10/220.87 mi359, Hospital Street, Birmingham, West Midlands B19 2NL3
£220K11/210.87 mi20, Osler Street, Birmingham, West Midlands B16 9EU3
£220K11/210.87 mi20, Osler Street, Birmingham, West Midlands B16 9EU3
£125K05/230.87 mi124, Melbourne Avenue, Birmingham, West Midlands B19 2HZ3
£126.5K03/210.87 mi82, Melbourne Avenue, Birmingham, West Midlands B19 2HZ3
£156K03/210.88 mi31, Lount Walk, Birmingham, West Midlands B19 2QD3
£170K04/220.88 mi3, Lount Walk, Birmingham, West Midlands B19 2QD3
£180K02/220.88 mi43, Roslin Grove, Birmingham, West Midlands B19 2HT3
£150K03/220.91 mi187, Burbury Street, Lozells, Birmingham, West Midlands B19 1TL3
£137.5K12/220.91 mi36, Link Road, Birmingham, West Midlands B16 0EP3
£240K02/220.91 mi144, South Road, Hockley, Birmingham, West Midlands B18 5LE3
£115K05/210.94 mi51, Ventnor Avenue, Lozells, Birmingham, West Midlands B19 2JQ3
£187K07/220.97 mi11, Hockley Close, Birmingham, West Midlands B19 2NS3
£150K11/200.98 mi93, Porchester Drive, Birmingham, West Midlands B19 2LT3
£130K02/210.99 mi47, Bellefield Road, Birmingham, West Midlands B18 4EL3
£204K06/211 mi74, Reservoir Road, Edgbaston, Birmingham, West Midlands B16 9DS3
£132K08/221 mi31, Blackford Street, Birmingham, West Midlands B18 4BN3

Local Rents

52 rents from £1.1K/mo to £3.6K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£1,95012/240.03 miPemberton Street, Jewellery Quarter, Birmingham, B18 6NY3
£1,95012/240.05 miSmiths Row, Pemberton Street, Jewellery Quarter, Birmingham, B18 6NY3
£2,85012/240.08 miTenby Heights, Tenby Street North, Jewellery Quarter3
£2,85012/240.08 miTenby Heights, Tenby Street North, Jewellery Quarter3
£1,65012/240.15 miSummer House, Pope Street, Jewellery Quarter, B13
£2,75012/240.15 miHeaton Courtyard, Camden Street, Birmingham3
£1,30003/250.16 mi-3
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£2,29612/240.17 miPitsford Street, Birmingham, B183
£1,65012/240.25 miHeritage Court, 15 Warstone Lane, Jewellery Quarter, Birmingham, B183
£3,50012/240.26 mi-3
£3,60003/240.28 mi-3
£1,70012/240.31 miBranston Street, B183
£1,19904/250.31 mi-3
£1,25003/250.31 mi-3
£1,95012/240.32 miBranston Street, Birmingham, B183
£3,00003/250.33 mi-3
£2,25012/240.34 miGreat Hampton Street, Jewellery Quarter, Birmingham3
£1,75012/240.34 miQ Apartments, Newhall Hill, Birmingham3
£1,40012/240.35 miAcorn Grove , B13
£2,40011/230.35 miCaroline Street, Birmingham, B33
£2,80009/230.37 miCaroline Street, BIRMINGHAM3
£2,80003/240.37 miSterling House, Caroline Street3
£1,15012/240.38 miRosebery Street, Hockley, B18 3
£2,00012/230.38 miNorthwood Street, BIRMINGHAM3
£1,60412/240.4 miHooper Street, Birmingham3
£1,60412/240.4 miHooper Street, Birmingham3
£1,60412/240.4 miHooper Street, Birmingham3
£1,60012/240.4 mi10 Townsend Way, B13
£1,59512/240.41 mi-3
£2,20004/250.42 mi-3
£1,29504/250.43 mi-3
£2,75002/240.45 miSt Pauls Sqaure, Jewellery Quarter, Birmingham, B33
£2,21003/240.48 miThe Whitmore Collection3
£2,21012/240.48 miThe Whitmore Collection3
£1,20002/240.49 mi-3
£1,18503/250.49 mi-3
£1,20004/250.5 mi-3
£1,19904/250.52 mi-3
£2,10012/240.53 mi-3
£1,50002/240.53 mi-3

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Price changed to £510,000

March 20, 2025

Price changed to £525,000

December 24, 2024

Listed for £550,000

May 20, 2024

Floor Plans

Description

  • Three-Bedroom Townhouse +
  • Secured & Allocated Parking +
  • 1401 Sq. Ft. +
  • Freehold +
  • Gas Central Heating +
  • EPC Rating:- C +
  • High Specification Throughout +
  • Private Balcony +
  • Popular Jewellery Quarter Location +
  • Close To Local Amenities +

DESCRIPTION This three bedroom townhouse nestled in the heart of the Jewellery Quarter is a true gem. Boasting traditional charm and modern conveniences, this property offers the best of both worlds. With spacious living areas, well-sized bedrooms, and a private balcony, this townhouse is perfect for a family or group of friends. The location is unbeatable, with a variety of shops, restaurants, and attractions all within walking distance. Don't miss your chance to own a piece of Birmingham's rich history and culture. 

LOCATION The Minories is a Grade II listed award-winning development -originally part of a brewery in 1770, then holding various other industrial uses until the residential conversion which was completed under the supervision of English Heritage in 2011. The development sits just off Warstone Lane, a charming and historic street located in the heart of Birmingham's famous Jewellery Quarter, which is lauded as a 'national treasure' by English Heritage. As the name suggests, there is a plethora of specialist Jewellery shops, independent designer makers and manufacturers within the Quarter. You'll also find a wide range of dining options, from charming neighbourhood eateries to multi award-winning high-end restaurants. In addition, the Jewellery Quarter is home to several art galleries and museums, a number of beautiful historic green spaces and has an abundance of pubs and bars. This is a unique neighbourhood that is cherishing it's heritage as it evolves into a unique urban village. It has become a much sought-after place to live and work. 

JAMES LAURENCE ESTATE AGENTS 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: Freehold

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

Local Authority: Birmingham City Council

Council Tax Band: D

Service Charge: Circa. £800.00 Per Annum

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.

Further Material Information:

Part A

Council Tax / Domestic Rates: D
Asking price: £550,000.00 Per Annum
Tenure*: Freehold

Part B

Property type: Townhouse
Property construction: Purpose built
Number and types of room: Three bedroom, Townhouse
Electricity supply: Mains.
Water supply: Mains.
Sewerage: Mains.
Heating: Gas Central Heating.
Broadband: We recommend you complete your own investigation.
Mobile signal/coverage: We recommend you complete your own investigation.
Parking: Yes.

Part C

Building safety: Please seek confirmation from your solicitor.
Restrictions: Please seek confirmation from your solicitor.
Rights and easements: Please seek confirmation from your solicitor.
Flood risk: N/a.
Coastal erosion risk: N/a.
Planning permission: Please seek confirmation from your solicitor.
Accessibility/adaptations: N/a.
Coalfield or mining area: N/a.
Energy Performance Certificate (EPC)**: C

Agent Details

James Laurence Estate Agents, Birmingham

0121 387 6501

Next Steps?

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