2 Bed Flat, Single Let, Birmingham, B15 2DR, £269,950

Washington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR - 3 views - 4 months ago

Leasehold

BTL

ROI: 1%

~73 m²

+11 photos

ValuationOvervalued

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

Square Metres	~72.50 m²
Price/m²	£3.7K/m²
Value Estimate	£158,917£158,917

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,488£67,488
Stamp Duty & Legal Fees	£10,296£10,296
Total Cash In	£77,784£77,784

Cash Out
Rent Range	£950 - £2,900£950 - £2,900
Rent Estimate	£1,150
Running Costs/mo	£1,094£1,094
Cashflow/mo	£56£56
Cashflow/yr	£677£677
ROI	1%1%
Gross Yield	5%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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£144.5K	09/21	0.43 mi	35, Pakenham Road, Birmingham, West Midlands B15 2NE	£3,010	48	2	Flat
£500K	02/21	0.44 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£500K	02/21	0.44 mi	28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF	£4,545	110	2	Flat
£172K	12/20	0.44 mi	Flat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£176K	10/22	0.44 mi	Flat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW	-	-	2	Flat
£130K	06/21	0.45 mi	55, Alexandra Road, Birmingham, West Midlands B5 7NJ	£2,191	59	2	Flat
£150K	02/23	0.45 mi	Apartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£181K	02/21	0.45 mi	Apartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL	-	-	2	Flat
£160K	11/22	0.45 mi	Apartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP	-	-	2	Flat
£65K	02/23	0.49 mi	Flat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£30K	10/20	0.49 mi	Flat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£120K	11/20	0.49 mi	Flat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB	-	-	2	Flat
£235K	12/22	0.5 mi	110, Viceroy Close, Birmingham, West Midlands B5 7UY	£2,686	87	2	Flat
£55K	03/21	0.51 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£55K	03/21	0.51 mi	28, Horton Square, Birmingham, West Midlands B12 0YR	£724	76	2	Flat
£290K	09/21	0.56 mi	123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG	-	-	2	Flat
£242.5K	10/20	0.6 mi	153, Viceroy Close, Birmingham, West Midlands B5 7UX	£2,228	109	2	Flat
£235K	07/21	0.61 mi	Apartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB	-	-	2	Flat
£144K	05/21	0.62 mi	6, Dalloway Close, Birmingham, West Midlands B5 7RD	£1,846	78	2	Flat
£120.2K	06/22	0.65 mi	25, Royston Croft, Birmingham, West Midlands B12 9DX	£1,624	74	2	Flat
£99K	08/22	0.76 mi	54, Foster Way, Birmingham, West Midlands B5 7QJ	£1,597	62	2	Flat
£65K	11/23	0.86 mi	Flat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE	-	-	2	Flat
£182K	12/22	0.9 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£100K	07/21	0.91 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£90K	06/21	0.92 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£100K	12/20	0.95 mi	2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	£1,639	61	2	Flat
£130K	10/20	0.95 mi	6, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ	£2,241	58	2	Flat
£110K	11/20	0.97 mi	73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG	£1,864	59	2	Flat
£180K	08/21	1 mi	9, Bellcroft, Birmingham, West Midlands B16 8EJ	£3,158	57	2	Flat

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,275	02/24	0 mi	-	2	Flat
£1,275	12/24	0 mi	Washington Apartments, Birmingham, B15	2	Flat
£1,250	12/24	0 mi	Washington Apartments, Birmingham, B15	2	Flat
£1,400	02/24	0 mi	-	2	Flat
£1,230	02/24	0 mi	-	2	Flat
£1,300	03/24	0 mi	-	2	Flat
£1,250	03/24	0 mi	-	2	Flat
£1,325	03/25	0 mi	-	2	Flat
£1,400	12/24	0 mi	Washington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR	2	Flat
£1,350	03/25	0.02 mi	-	2	Flat
£1,350	12/24	0.03 mi	Lincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B15	2	Flat
£2,400	02/24	0.04 mi	-	2	Flat
£1,270	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,300	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,300	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,200	12/24	0.04 mi	Rickman Drive, BIRMINGHAM	2	Flat
£1,400	02/25	0.05 mi	-	2	Flat
£1,500	12/24	0.05 mi	Roosevelt Apartments, Birmingham, B15	2	Flat
£1,300	02/24	0.05 mi	-	2	Flat
£1,500	12/24	0.05 mi	-	2	Flat
£1,295	12/24	0.05 mi	-	2	Flat
£950	12/24	0.07 mi	Baronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B15	2	Flat
£1,200	03/25	0.08 mi	-	2	Flat
£1,150	12/24	0.08 mi	The Edg, 103 Springmeadow Road, Birmingham, West Midlands, B15	2	Flat
£1,150	12/24	0.08 mi	Bell Barn Road, Birmingham, B15	2	Flat
£1,150	12/24	0.08 mi	Bell Barn Road, Edgbaston, Birmingham, B15	2	Flat
£1,300	12/24	0.09 mi	Springmeadow Road, Edgbaston, 2 Bedroom Apartment	2	Flat
£1,100	12/24	0.1 mi	The Edg, 103 Springmeadow Road, Birmingham, B15	2	Flat
£1,100	12/24	0.1 mi	The Edg, Springmeadow Road, Edgbaston, Birmingham	2	Flat
£1,150	12/24	0.1 mi	The Edge, 103 Springmeadow Road B15 2GJ	2	Flat
£1,225	12/24	0.12 mi	Bell Barn Road	2	Flat
£1,150	12/24	0.14 mi	22 Belgrave Middleway, Birmingham	2	Flat
£1,300	03/24	0.15 mi	-	2	Flat
£1,300	02/24	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	-	2	Flat
£1,350	01/25	0.15 mi	-	2	Flat
£1,300	12/24	0.15 mi	Waterway House, Birmingham, B5	2	Flat
£1,500	03/25	0.15 mi	-	2	Flat
£1,250	12/24	0.16 mi	Attwood House, Stratford House Road, B5 7EY	2	Flat
£1,250	12/24	0.16 mi	Attwood House, Birmingham, B5	2	Flat
£1,250	02/25	0.16 mi	-	2	Terraced House
£2,400	01/25	0.16 mi	-	2	Terraced House
£2,900	01/25	0.16 mi	-	2	Semi-Detached House
£2,200	02/24	0.18 mi	-	2	Flat
£1,100	02/24	0.18 mi	-	2	Flat
£1,200	12/24	0.18 mi	Apartment 15 Rickman Drive, Birmingham	2	Flat
£1,150	12/24	0.18 mi	Rickman Drive	2	Flat
£1,150	12/24	0.18 mi	Rickman Drive, Birmingham	2	Flat
£1,200	12/24	0.18 mi	Rickman Drive, Birmingham, B15	2	Flat

Local Area Statistics

Population in B15	17,55217,552
Population in Birmingham	1,034,8211,034,821
Town centre distance	0.98 miles away0.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+71%+71%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £269,950

November 28, 2024

Floor Plans

Description

Brilliant 2 bed 2 bath apartment +
Gated Development +
NO CHAIN- No Stress! +
Secure, Allocated Parking inc. in Price +
Corner Aspect in Living Room +
Short Walk to Sunset Park to Enjoy a Leisurely Stroll +
Comfortable Walk to New Street Station, Colmore Row and More +
Short Drive to Leafy Areas of Edgbaston +
Prestigious B15 Postcode +
Contact Us to Arrange Your Viewing! +

Full Description Davidson Estates are delighted to offer this wonderfully presented luxury apartment set within the Lexington Gardens development. Centrally located and 5 minutes walk from The Mailbox, this apartment boasts an array of high spec features and fittings.

| KEY FEATURES |

*2 Bed, 2 Bath Apartment Located in a Gated Development
*Price Includes Allocated Parking Space
*Great Location Offering Easy Access to City Centre, Edgbaston & Beyond
*Main Bedroom with Ensuite Shower Room
*

The property also comes with a secure allocated parking space located in an underground gated residents car park and briefly comprises of an entrance hallway leading through to a show stopper 'bright and airy' open-plan living area with integrated kitchen.

The hallway also leads to the master bedroom with walk-in shower en-suite, a second double bedroom and luxury bathroom with overhanging shower.

The property benefits from a secure allocated parking space, UPVC double glazing, electric radiator heating (feels like gas central heating) and a high spec finish throughout.

The communal areas are very well maintained with double size lifts and a grand entrance to the building.

The building is considered the best in the Park Central area and is centrally located, with The Mailbox and The Cube approximately 8 minutes away on foot and, for a few minutes more, residents can easily reach the likes of New Street Station, Colmore Row and The Bullring. Heading in the opposite direction, leafy areas of Edgbaston (inc. QE Hospital and University of Birmingham), Selly Oak and Harborne are all a short drive away.

Service Charge: £3,961 per annum
Ground Rent: £350.00 per annum
Years Remaining on Lease: 243
Currently Let until May 2025 £1400/pcm
Council Tax Band: C

Agent Details

Davidson Estates, Edgbaston - HQ

0121 387 6789

Next Steps?

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

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