2 Bed Flat, Single Let, Birmingham, B15 1PQ, £390,000

St James Place, George Road, B15 1PQ - 6 months ago

Leasehold
BTL
~120 m²
+15 photos

ValuationOvervalued

Sold Prices£30K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~120 m²
Price/m²£3.3K/m²

Value Estimate

£265,248

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£19,900

Total Cash In

£117,400

 

 

Cash Out

 

Rent Range

£895 - £1,600

Rent Estimate

£1,000

Running Costs/mo

£1,439

Cashflow/mo

£-439

Cashflow/yr

£-5,265

Gross Yield

3%

Local Sold Prices

27 sold prices from £30K to £500K, average is £153.5K. £1.3K/m² to £4.5K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£500K02/210.12 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.12 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.12 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.12 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/210.29 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£235K07/210.49 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.58 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£180K08/210.59 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.61 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£235K12/220.7 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£182K12/220.7 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£125K12/210.74 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.74 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£100K07/210.74 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£242.5K10/200.77 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£90K06/210.77 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£65K02/230.79 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.79 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.79 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£150K02/230.8 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.8 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.8 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£144K05/210.89 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£99K08/220.91 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£220K08/210.93 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£130K06/210.97 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£65K11/230.98 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2

Local Rents

50 rents from £895/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£90012/240.12 miEdencroft, Wheeleys Road, Edgbaston, B152
£1,05001/250.12 mi-2
£1,12612/240.12 miWheeleys Road, Birmingham2
£89512/240.13 miEden Croft, Wheeleys Road, Edgbaston, B15 2LW2
£1,20012/240.15 miWheeleys Road, Birmingham2
£1,40012/240.16 miBroad Street2
£1,40012/240.16 miBroad Street2
£1,55012/240.16 miBroad Street, Birmingham2
£1,60012/240.16 miSt Martins Place, Broad Street, Birmingham2
£1,60012/240.17 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,40012/240.17 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£99512/240.19 miLee Bank Middleway, Park Central, Birmingham City Centre2
£99502/240.19 mi-2
£1,15002/250.19 mi-2
£1,15012/240.19 miLee Bank Middleway, Birmingham, B152
£1,05012/240.19 miLee Bank Middleway, Birmingham, B152
£99512/240.19 miLee Bank Middleway, Birmingham, B152
£1,30012/240.19 miLee Bank Middleway, Birmingham City Centre2
£1,10012/240.19 mi2 Lee Bank Middleway, Birmingham, West Midlands, B152
£1,09904/250.19 mi-2
£1,09904/250.19 mi-2
£1,28503/240.22 mi-2
£1,28512/240.22 miElvetham Road, Birmingham, B152
£1,28512/240.22 miElvetham Road, BIRMINGHAM2
£1,40012/240.23 miSt Martins Place, Broad Street, Birmingham, B152
£1,00002/240.24 mi-2
£95003/240.24 mi-2
£99003/250.24 mi-2
£1,10002/240.24 mi-2
£1,20012/240.24 miBradshaw Close, Birmingham, B152
£1,60002/250.25 mi-2
£1,20012/240.25 mi26 Wheeleys Lane, Birmingham, B152
£1,20012/240.25 mi26 Wheeleys Lane, Birmingham, B152
£1,00012/240.25 miWheeleys Lane, Park Central, B152
£1,40012/240.25 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,45012/240.25 miSt Martins Place, 169 Broad Street, Birmingham, West Midlands, B152
£1,00012/240.26 miFaraday House, Bell Barn Road, Birmingham, B152
£1,55012/240.26 miSt Martins Place, Broad Street, Birmingham, B152
£1,45012/240.26 miBroad Street, BIRMINGHAM2
£1,40012/240.26 miSt Martins Place, Broad Street, Birmingham, B152
£1,55012/240.26 mi169 Broad Street, Birmingham2
£1,45012/240.26 miSt. Martins Place2
£1,45012/240.26 miSt. Martins Place, Birmingham2
£1,45012/240.26 miSt. Martins Place2
£1,60012/240.26 miSt. Martins Place, Birmingham, B152
£1,60002/240.26 mi-2
£1,35002/250.26 mi-2
£1,50012/240.26 miSt. Martins Place, 169 Broad Street, Birmingham, B152
£1,50012/240.26 miSt Martins 169 Broad Street, Birmingham, B15 1ED2
£1,40012/240.27 miBroad Street, Birmingham, B152

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.52 miles away

Nearest school

0.20 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £390,000

October 21, 2024

Floor Plans

Description

  • Two spacious double bedrooms +
  • Two bathrooms: one being en-suite +
  • Over 1290sqft of living space plus a balcony +
  • Two secure and allocated parking spaces +
  • Recently decorated and featuring an updated hot water system +
  • Residents gym with sauna facilities +
  • 0.2 miles to Five Ways station +
  • Located in leafy Edgbaston with excellent transport links and education options +
  • Service charge approx. £4964.02pa +
  • Ground rent approx. £150pa +

This executive two bedroom, two bathroom apartment with two secure and allocated parking spaces is available in the stunning and exclusive St James' Place development in Edgbaston. The apartment offers a wealth of space and light, and a lovely finish throughout, featuring a balcony over the landscaped gardens and with recent upgrades including an updated water system & appliances.

The apartment offers around 1295sqft of living space, with designated kitchen area, intimate dining area and excellent lounge space. The entire apartment is flooded with light all through the day from the large windows over the front and rear of the development. One of the many property highlights would be the balcony overlooking the beautiful gardens accessed from the living room. The kitchen is complete with a dishwasher, integrated oven and hob as well as a fitted microwave. The master bedroom features large built-in wardrobes and access to the ensuite bathroom. The second bedroom also features large fitted wardrobes and can enjoy sole use of the second bathroom if desired.

As a resident at St James' Place, you can enjoy the use of the gym with sauna facilities, as well as use of the well-maintained gardens and included in the sale are secure and allocated parking spaces for two cars. The development has a real community feel, with many long-term residents who call the development home.

St James' Place is ideally located in a peaceful haven, just a 5 minute walk from Five Ways station, or in the opposite direction you have Hagley Road with the new Edgbaston Village Midland Metro stop, so transport links are plentiful. Edgbaston is very well known for its' leafy walks, highly rated schools, medical practices, retail options and dining options. A recommendation for anybody would be Greenfield Crescent with its independent shops and cafes, plus regular Artisan markets.

Living Area - Spacious living area with plenty of room for your furniture

Dining Area - An intimate dining area, which could be personalised with some feature lighting

Balcony - Lovely balcony with views across the landscaped communal gardens.

Kitchen - Fully integrated kitchen, complete with electric oven and hob, dishwasher and washer/dryer.

Bedroom 1 - Master bedroom with fitted wardrobes, juliet balcony and luxury carpets.

Bathroom 1 - En-suite bathroom to the master bedroom, with a large walk-in shower unit.

Bedroom 2 - Second bedroom with built-in wardrobes and luxury carpets.

Bathroom 2 - Second bathroom, smartly tiled with a shower cubicle.

Disclaimer - -Upon formal acceptance of an offer, all purchasers will be asked to produce identification and full details of their chosen solicitor. In order to avoid delays, this must be produced swiftly. Unreasonable delays may result in the acceptance being withdrawn.
-These property details do not constitute part or all of an offer or contract.
-Purchasers are advised to check the measurements before committing to any expense as many of the measurements are taken directly from the developer’s original floorplans. Changes or adjustments may have been made since, or the original measurements may have not been accurate.
-Apparatus, equipment, figures, fittings, goods or services have not been formally checked by FleetMilne. It is in the purchaser’s interest to check the working condition. Access can be arranged in order to do so– please just request an additional visit via our team.
-The legal title of the property has not been checked by FleetMilne, purchasers are advised to instruct their solicitor to do this.

Agent Details

FleetMilne, Birmingham

0121 387 6630

Next Steps?

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