2 Bed Flat, Single Let, Birmingham, B18 6NZ, £165,000

Warstone Lane, Birmingham, B18 6NZ - 1 views - 6 months ago

Leasehold
BTL
ROI: 7%
~85 m²
+4 photos

ValuationUndervalued

Sold Prices£55K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

~84.74 m²
Price/m²£1.9K/m²

Value Estimate

£184,640
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Total Cash In

£50,700

 

 

Cash Out

 

Rent Range

£1,000 - £3,199

Rent Estimate

£1,050

Running Costs/mo

£746

Cashflow/mo

£304

Cashflow/yr

£3,653

ROI

7%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £500K, average is £154.3K. £724/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£290K10/220.09 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£208K05/210.25 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.25 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£202.5K01/230.26 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.39 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£90K06/210.46 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K07/210.46 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/220.48 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£125K12/210.49 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.49 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.6 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.63 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£80K07/220.72 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£82K05/210.74 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£82K05/210.76 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£235K07/210.77 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.83 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£105K08/220.99 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£150K02/231.16 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/211.16 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/221.16 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£500K02/211.22 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/211.22 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.22 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/221.22 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/211.41 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£255.5K02/211.53 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£140K07/211.55 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£103K02/221.58 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/221.58 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/211.58 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£130K10/211.64 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.64 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.64 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/211.65 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£220K08/211.72 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£167K11/201.73 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.73 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.73 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.73 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£255K06/211.75 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.75 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£130K06/211.78 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£235K12/221.78 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£55K03/211.78 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/211.78 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£160K03/211.79 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.79 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.79 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£60K02/221.79 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2

Local Rents

50 rents from £1K/mo to £3.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miWarstone Lane, Birmingham, B182
£1,05012/240.01 miSt Georges, Carver Street, Jewellery Quarter, B12
£1,15012/240.01 mi83-86 Carver Street, Birmingham2
£1,20012/240.03 miCarver House, 30 Carver Street, Birmingham, West Midlands, B12
£1,20012/240.03 miMetalworks Apartments, 93 Warstone Lane, Jewellery Quarter2
£1,10003/250.04 mi-2
£2,30012/240.04 mi-2
£2,30012/240.04 mi-2
£2,30012/240.04 mi-2
£1,10004/250.04 mi-2
£1,10012/240.04 miWarstone Lane, Birmingham, B182
£1,15012/240.04 miLion Court, 100 Warstone Lane, Jewellery Quarter2
£1,40001/250.04 mi-2
£1,20001/250.04 mi-2
£1,10012/240.04 miMetalworks Apartments, 90 Warstone Lane, Birmingham, West Midlands, B182
£1,50012/240.04 miTenby Heights, Tenby Street North, Birmingham2
£1,50012/240.04 miTenby Heights, Tenby Street North, Jewellery Quarter, B12
£1,50012/240.04 miTenby Street North, BIRMINGHAM2
£1,20012/240.04 miTenby Street North, BIRMINGHAM2
£1,00012/240.05 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.05 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,25012/240.05 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,35012/240.05 mi-2
£1,15012/240.05 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.05 miCamden House, Pope Street, Jewellery Quarter, B12
£1,25012/240.05 miDayus House, Tenby Street South, Jewellery Quarter, B12
£2,25002/240.05 mi-2
£1,19903/240.05 mi-2
£1,19904/250.05 mi-2
£1,19912/240.05 miLion Court, Birmingham, B182
£1,20012/240.05 miMetalworks, Jewellery Quarter2
£1,25002/250.05 mi-2
£3,19902/250.05 mi-2
£1,25012/240.05 miCamden House, Pope Street, Jewellery Quarter, B12
£1,15004/250.06 mi-2
£1,17512/240.06 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,25012/240.06 miSummer House, Pope Street, Jewellery Quarter, B12
£1,20012/240.06 miSt Georges, Carver Street, Jewellery Quarter, B12
£1,05012/240.06 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.06 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,10012/240.06 miApartment 118, Buttonbox, 116 Warstone Lane, Birmingham, West Midlands2
£1,22512/240.06 miThe Kettleworks, Pope Street, Jewellery Quarter, B12
£1,15012/240.06 miThe Kettleworks, Pope Street, Jewellery Quarter, B12
£2,80012/240.06 mi-2
£1,35002/250.06 mi-2
£1,30003/250.06 mi-2
£1,15012/240.06 miBoxworks, 35 Tenby Street North2
£1,10012/240.06 miThe Kettleworks, 126 Pope Street, Birmingham, B12
£1,05012/240.06 miThe Kettleworks, Pope Street, Jewellery Quarter, B12
£1,20012/240.06 miAlbion House, Pope Street, Jewellery Quarter, B12

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.13 miles away

Nearest school

0.10 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Price changed to £165,000

March 28, 2025

Listed for £172,500

October 14, 2024

Floor Plans

Description

  • Two Bedroom Apartment +
  • Jewellery Quarter Location +
  • No Upward Chain +
  • Secure Allocated Parking +
  • Circa 600 SQFT +
  • Lift Access +

Maguire Jackson are pleased to market this two bedroom apartment located in the Button Box development located in the Jewellery Quarter, the apartment is being marketed with no upward chain and benefits from a secure allocated parking space.

HALLWAY
Hallway with carpeted flooring, doors leading to all rooms

OPEN PLAN LIVING AREA / FITTED KITCHEN
Windows to front, matching range of wall and base units with work surfaces, built in cooker, hob with extractor hood over, integrated appliances including washing machine and fridge freezer, sink with drainer and mixer tap with tiles to splash prone areas.

BEDROOM ONE
Double bedroom with window to front, built in double wardrobe and wall mounted heater.

BEDROOM TWO
Double bedroom with window to front, built in wardrobes and wall mounted heater.

BATHROOM
White suite comprising panel bath with shower over, w.c, wash hand basin, heated towel rail and tiles to splash prone areas.

Property Information
Tenure - Leasehold
Length of lease -109 years
Service charge - £2,438 per annum
Ground rent - £200 per annum
Local authority - Birmingham city council.
Council tax band - C
EPC rating - C

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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