2 Bed Flat, Single Let, Birmingham, B15 2DR, £258,000

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

Leasehold
BTL
ROI: 1%
~67 m²
+6 photos

ValuationOvervalued

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

 

 

Square Metres

~67 m²
Price/m²£3.9K/m²

Value Estimate

£146,861

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£64,500

Stamp Duty & Legal Fees

£9,340

Total Cash In

£73,840

 

 

Cash Out

 

Rent Range

£950 - £2,400

Rent Estimate

£1,100

Running Costs/mo

£1,046

Cashflow/mo

£54

Cashflow/yr

£645

ROI

1%

Gross Yield

5%

Local Sold Prices

28 sold prices from £30K to £500K, average is £144.3K. £724/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£144.5K09/210.41 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£500K02/210.42 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.42 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.42 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.42 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£150K02/230.46 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.46 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.46 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£130K06/210.47 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£65K02/230.49 miFlat 77, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£30K10/200.49 miFlat 73, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£120K11/200.49 miFlat 74, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB2
£235K12/220.5 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£55K03/210.53 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/210.53 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£290K09/210.55 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£242.5K10/200.59 mi153, Viceroy Close, Birmingham, West Midlands B5 7UX2
£235K07/210.6 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£144K05/210.62 mi6, Dalloway Close, Birmingham, West Midlands B5 7RD2
£120.2K06/220.67 mi25, Royston Croft, Birmingham, West Midlands B12 9DX2
£99K08/220.75 mi54, Foster Way, Birmingham, West Midlands B5 7QJ2
£65K11/230.85 miFlat 21, Century Tower, Dollery Drive, Birmingham, West Midlands B5 7TE2
£182K12/220.89 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.9 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£90K06/210.91 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K12/200.95 mi2, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RQ2
£110K11/200.96 mi73, Odell Place, Edgbaston, Birmingham, West Midlands B5 7RG2
£180K08/210.98 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2

Local Rents

50 rents from £950/mo to £2.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,27502/240.02 mi-2
£1,40002/240.02 mi-2
£1,23002/240.02 mi-2
£1,30003/240.02 mi-2
£1,25003/240.02 mi-2
£1,32503/250.02 mi-2
£1,27512/240.02 miWashington Apartments, Birmingham, B152
£1,25012/240.02 miWashington Apartments, Birmingham, B152
£1,40012/240.02 miWashington Apartments, 5 Lexington Gardens, Birmingham, B15 2DR2
£1,35003/250.02 mi-2
£2,40002/240.02 mi-2
£1,27012/240.05 miRickman Drive, BIRMINGHAM2
£1,30012/240.05 miRickman Drive, BIRMINGHAM2
£1,30012/240.05 miRickman Drive, BIRMINGHAM2
£1,20012/240.05 miRickman Drive, BIRMINGHAM2
£1,35012/240.06 miLincoln Apartments, 2 Lexington Gardens, Park Central, Birmingham, B152
£1,15012/240.06 miBell Barn Road, Birmingham, B152
£1,15012/240.06 miBell Barn Road, Edgbaston, Birmingham, B152
£1,40002/250.06 mi-2
£95012/240.07 miBaronet House, Springmeadow Road, BIRMINGHAM, West Midlands, B152
£1,30012/240.07 miSpringmeadow Road, Edgbaston, 2 Bedroom Apartment2
£1,15004/250.07 mi-2
£1,50012/240.07 miRoosevelt Apartments, Birmingham, B152
£1,30002/240.07 mi-2
£1,50012/240.07 mi-2
£1,29512/240.07 mi-2
£1,15012/240.08 miThe Edg, 103 Springmeadow Road, Birmingham, West Midlands, B152
£1,10012/240.08 miThe Edg, 103 Springmeadow Road, Birmingham, B152
£1,10012/240.08 miThe Edg, Springmeadow Road, Edgbaston, Birmingham2
£1,15012/240.08 miThe Edge, 103 Springmeadow Road B15 2GJ2
£2,40004/250.09 mi-2
£1,22512/240.1 miBell Barn Road2
£1,50003/250.16 mi-2
£1,15012/240.17 mi22 Belgrave Middleway, Birmingham2
£1,30003/240.17 mi-2
£1,30002/240.17 mi-2
£1,30012/240.17 mi-2
£1,30012/240.17 mi-2
£1,35001/250.17 mi-2
£1,30012/240.17 miWaterway House, Birmingham, B52
£2,20002/240.18 mi-2
£1,10002/240.18 mi-2
£1,25012/240.18 miAttwood House, Stratford House Road, B5 7EY2
£1,25012/240.18 miAttwood House, Birmingham, B52
£1,15004/250.18 mi-2
£1,20012/240.19 miApartment 15 Rickman Drive, Birmingham2
£1,15012/240.19 miRickman Drive2
£1,15012/240.19 miRickman Drive, Birmingham2
£1,20012/240.19 miRickman Drive, Birmingham, B152
£2,40001/250.19 mi-2

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £258,000

November 29, 2024

Floor Plans

Description

  • No Chain +
  • 4th Floor +
  • Juliette Balcony +
  • Two Bathrooms +
  • Passed EWS1 Cladding Certificate +
  • Walking Distance To The City Centre +
  • Electric Heating +

"Location, location, location!" Situated in the highly desirable Park Central development, this modern and spacious 2 bedroom, 2 bathroom apartment offers a fantastic opportunity to live in one of the most sought-after areas, just minutes from the City Centre. Park Central is known for its excellent reputation, making properties in this location highly coveted and in demand.

Located on the 4th floor, the apartment benefits from an abundance of natural light, creating a bright and airy atmosphere throughout. The open plan lounge/kitchen is perfect for both relaxing and entertaining, with ample space for furniture and a stylish modern décor. A Juliette balcony adds to the appeal, allowing fresh air and scenic views to flow into the space while enhancing the open, spacious feel of the room. The contemporary kitchen is fitted with high-quality appliances, sleek countertops, and plenty of storage space, ideal for preparing meals and enjoying modern living.

Both bedrooms are generously sized, with the master bedroom featuring an en-suite bathroom for added privacy and convenience. The second bathroom is equally well-appointed and has a shower cubicle, complete with modern fixtures and finishes.

The apartment is finished to a high standard, ensuring a comfortable and stylish living experience. The development itself is secure, with controlled access, and offers residents additional amenities such as communal areas.

With a prime location offering easy access to public transport, local amenities, restaurants, and entertainment, this apartment offers the perfect balance of urban convenience and comfortable living. It's ideal for professionals, young families, or anyone looking to experience contemporary city living at its finest. Don't miss the chance to view this stunning property in a well-maintained and sought-after building.

ROOM SIZES:
Hallway
Storage Cupboard
Open Plan Lounge/Kitchen: 20' 8" x 11' 10" (6.3m x 3.61m)
Bedroom One: 13' 9" x 9' 8" (4.19m x 2.95m)
En-suite: 6' 6" x 5' 6" (1.98m x 1.68m)
Bedroom Two: 9' 8" x 9' 2" (2.95m x 2.79m)
Shower Room: 7' 2" x 3' 10" (2.18m x 1.17m)

OUTSIDE
Communal Gardens

LEASEHOLD INFORMATION:
Service Charge: £3,470 pa
Ground Rent: £350 pa
Lease Years: 250 years from 1 April 2017

Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. 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?

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