2 Bed Flat, Single Let, B3 1JH £160,000

Islington Gates, Fleet Street, Jewellery Quarter, B3 1JH - a year ago
Sold STC
Leasehold
BTL
ROI: 11%
~68 m²
Property image

ValuationUndervalued

Sold Prices£90K - £525K
Sold Prices/m²£1.7K/m² - £9.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£192,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Rent Range

£995 - £2,150

Rent Estimate

£1,231

Running Costs/mo

£766

Cashflow/mo

£465

Cashflow/yr

£5,578

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £90K to £525K, average is £257.3K. £1.7K/m² to £9.4K/m², average is £3K/m².

Price
Date
Distance
Address
Beds
 
£210K12/240.02 miApartment 208, 6, Fleet Street, Birmingham B3 1JH2
£280K10/240.08 mi28, Apartment 8, Charlotte Street, Birmingham B3 1PT2
£230K06/240.11 mi12, Apartment 511, Fleet Street, Birmingham B3 1JL2
£200K04/250.11 miApartment 512, 12, Fleet Street, Birmingham B3 1JL2
£200K04/250.11 miApartment 512, 12, Fleet Street, Birmingham B3 1JL2
£90K06/210.13 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£200K10/240.14 mi50, Apartment 32, George Street, Ladywood, Birmingham B3 1PP2
£242.5K10/240.15 mi21, Flat 25, Newhall Hill, Birmingham B1 3JA2
£185K07/240.16 mi43, Flat 48, George Street, Ladywood, Birmingham B3 1QA2
£232.5K07/240.16 mi42, Flat 27, George Street, Ladywood, Birmingham B3 1QA2
£189.9K12/240.16 mi32, Apartment 44, George Street, Ladywood, Birmingham B3 1QG2
£185.9K10/240.17 mi12 14 Qube Apartments, 60, Scotland Street, Birmingham B1 2EJ2
£100K07/210.18 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£360K04/250.2 miFlat 9, 57, St Pauls Square, Birmingham B3 1QS2
£360K04/250.2 miFlat 9, 57, St Pauls Square, Birmingham B3 1QS2
£267.5K10/240.22 mi1, Apartment 1, James Street, Birmingham B3 1SD2
£182K12/220.22 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£490K01/250.23 miSt Pauls Place, Penthouse 1, St Pauls Square, Birmingham B3 1FQ2
£490K01/250.23 miPenthouse 1, St Pauls Place, St Pauls Square, Birmingham B3 1FQ2
£355K03/250.25 miPenthouse 6, 17 Ludgate Loft Apartments, Ludgate Hill, Birmingham B3 1DW2
£355K03/250.25 miPenthouse 6, 17 Ludgate Loft Apartments, Ludgate Hill, Birmingham B3 1DW2
£183K07/240.27 mi21 Maxim 28, Apartment 18, Lionel Street, Birmingham B3 1AT2
£295K04/250.27 miApartment 24, 23, Legge Lane, Birmingham B1 3LX2
£332.5K01/250.28 miApartment 6, 22, Legge Lane, Birmingham B1 3LW2
£230K11/240.28 mi38 Queens College Chambers, Apartment 57, Paradise Street, Birmingham B1 2AF2
£235K03/250.28 miApartment 73, 38 Queens College Chambers, Paradise Street, Birmingham B1 2AF2
£235K03/250.28 miApartment 73, 38 Queens College Chambers, Paradise Street, Birmingham B1 2AF2
£308K03/250.3 miFlat 18, 81, Camden Street, Ladywood, Birmingham B1 3DD2
£308K03/250.3 miFlat 18, 81, Camden Street, Ladywood, Birmingham B1 3DD2
£221.6K03/250.31 miApartment 241, Derwent Foundry, Mary Ann Street, Birmingham B3 1BG2
£325K06/250.32 mi103, Albion Street, Birmingham B1 3AA2
£325K06/250.32 mi103, Albion Street, Birmingham B1 3AA2
£210K04/250.33 miFlat 25, 25 Kings Court, Cox Street, Birmingham B3 1RD2
£210K04/250.33 miFlat 25, 25 Kings Court, Cox Street, Birmingham B3 1RD2
£215K11/240.34 mi107 Orb, Apartment 36, Carver Street, Birmingham B1 3AP2
£280K12/240.35 miCentenary Plaza, 291, Holliday Street, Birmingham B1 1TS2
£195K02/250.35 mi53, Centenary Plaza, Holliday Street, Birmingham B1 1TB2
£290K10/220.36 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£247K04/240.36 mi15 Heritage Court, Flat 6, Warstone Lane, Birmingham B18 6HP2
£300K01/240.36 mi15 Heritage Court, 111, Warstone Lane, Birmingham B18 6HU2
£220K08/240.36 mi15 Heritage Court, Flat 84, Warstone Lane, Birmingham B18 6HU2
£220K08/240.36 miFlat 84, 15 Heritage Court, Warstone Lane, Birmingham B18 6HU2
£525K06/220.38 mi6, Apartment 3, Henrietta Street, Birmingham B19 3AB2
£463K10/220.38 mi6, Apartment 2, Henrietta Street, Birmingham B19 3AB2
£510K09/220.38 mi6, Apartment 1, Henrietta Street, Birmingham B19 3AB2
£463K10/220.38 miApartment 2, 6, Henrietta Street, Birmingham B19 3AB2
£510K09/220.38 miApartment 1, 6, Henrietta Street, Birmingham B19 3AB2
£460K09/220.38 miApartment 4, 6, Henrietta Street, Birmingham B19 3AB2
£460K09/220.38 mi6, Apartment 4, Henrietta Street, Birmingham B19 3AB2
£525K06/220.38 miApartment 3, 6, Henrietta Street, Birmingham B19 3AB2

Local Rents

50 rents from £995/mo to £2.1K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,20005/250 miIslington Gates, Fleet Street, Birmingham2
£1,25009/250 miIslington Gates, Fleet Street, Jewellery Quarter, B12
£99506/250 mi14 Fleet Street, Birmingham, B3 1JL2
£2,15005/250.01 miIslington Gates, 6 Fleet Street, B3 1JH2
£2,10012/240.01 miIslington Gates, 6 Fleet Street, B3 1JH2
£1,42505/250.04 miCharlotte Street, BIRMINGHAM2
£1,69007/250.04 miCharlotte Street, BIRMINGHAM2
£1,45005/250.04 miCharlotte Street, BIRMINGHAM2
£1,50006/250.04 miCharlotte Street, BIRMINGHAM2
£1,59007/250.04 miCharlotte Street, BIRMINGHAM2
£1,60009/250.04 miCharlotte Street, BIRMINGHAM2
£1,69505/250.05 miCharlotte Street, B32
£1,89008/250.05 miCharlotte Street, Birmingham, B32
£1,86006/250.05 miCharlotte Street, Birmingham, B32
£1,63005/250.05 miCharlotte Street, Birmingham, B32
£1,63005/250.05 miCharlotte Street, Birmingham, B32
£1,63012/240.05 miCharlotte Street, Birmingham, B32
£1,97005/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76005/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69005/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69006/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,69007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,59508/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,64008/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,65508/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,70008/250.05 miCharlotte Street, Birmingham, B32
£1,70008/250.05 miCharlotte Street, Birmingham, B32
£1,70008/250.05 miCharlotte Street, Birmingham, B32
£1,59508/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,57508/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,70009/250.05 miCharlotte Street, Birmingham, B32
£1,63005/250.05 miCharlotte Street, Birmingham, B32
£1,58505/250.05 miCharlotte Street, Birmingham, B32
£1,64512/240.05 miCharlotte Street, Birmingham, B32
£1,69007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,76008/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32
£1,97007/250.05 miThe Whitmore Collection, Charlotte Street, Birmingham, B32

Local Area Statistics

Population in B3

2,225

Nearest school

0.20 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+13%

Property History

Price changed to £160,000

June 12, 2025

Listed for £170,000

October 18, 2024

Sold for £152,000

2016

Sold for £149,995

2004

Floor Plans

Property image

Description

  • 1st floor +
  • 2 double bedrooms +
  • Open plan lounge/kitchen +
  • Electric heating +
  • Passed EWS1 cladding certificate +

"Location, location, location!" Situated just a short walk from the City Centre, Colmore Row and St Pauls Square. As soon as you step into the entrance hall you instantly feel at home. Both bedrooms are good sized doubles. The open plan living area is spacious, with nice, big double glazed windows with plenty of natural light flooding into the apartment. The kitchen area is sleek and modern, with integrated appliances. The main bathroom has a shower cubicle, perfect for those get up and go mornings.

This flat presents an excellent buy-to-let opportunity due to its prime location in the city centre. With easy access to key amenities, transport links, and a vibrant local market, it appeals to both professionals and students looking for convenience and accessibility. The high demand for city centre living ensures strong rental yields, making it a highly attractive investment. Its proximity to shops, restaurants, and entertainment options guarantees consistent tenant interest, enhancing the potential for long-term, stable income.

To appreciate the location and size of this apartment, call today to arrange your viewing.

ROOM SIZES:
Hallway
Storage Cupboard
Open Plan Lounge/Kitchen: 20' 0" x 18' 5" (6.1m x 5.61m)
Bedroom One: 15' 8" x 12' 7" (4.78m x 3.84m)
Bedroom Two: 14' 5" x 14' 0" (4.39m x 4.27m)
Shower Room: 7' 5" x 5' 0" (2.26m x 1.52m)

LEASEHOLD INFORMATION:
Service charge - £3,077 pa
Ground rent - £200 pa
Lease Length - 124 years from 9 February 2004

Lease details have been provided by the seller and their accuracy cannot be guaranteed as we have been unable to verify them by means of current documentation. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

Agent Details

Martin & Co, Birmingham City

0121 387 6612

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪