2 Bed Flat, Single Let, B3 1JL £190,000

Fleet Street, Birmingham, B3 1JL - a year ago

Sold STC

Leasehold

BTL

~68 m²

ValuationUndervalued

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

Square Metres	~68.11 m²
Price/m²	£2.8K/m²
Value Estimate	£216,717£216,717
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£47,500£47,500
Stamp Duty & Legal Fees	£12,000£12,000
Total Cash In	£59,500£59,500

Cash Out
Rent Range	£875 - £2,795£875 - £2,795
Rent Estimate	£763
Running Costs/mo	£766£766
Cashflow/mo	£-3£-3
Cashflow/yr	£-40£-40
Gross Yield	5%5%

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	Price/m²	m²	Beds	Type
£230K	06/24	0.01 mi	12, Apartment 511, Fleet Street, Birmingham B3 1JL	£3,770	61	2	Flat
£200K	04/25	0.01 mi	Apartment 512, 12, Fleet Street, Birmingham B3 1JL	£2,899	69	2	Flat
£200K	04/25	0.01 mi	Apartment 512, 12, Fleet Street, Birmingham B3 1JL	-	-	2	Flat
£360K	04/25	0.09 mi	Flat 9, 57, St Pauls Square, Birmingham B3 1QS	-	-	2	Flat
£360K	04/25	0.09 mi	Flat 9, 57, St Pauls Square, Birmingham B3 1QS	-	-	2	Flat
£280K	10/24	0.1 mi	28, Apartment 8, Charlotte Street, Birmingham B3 1PT	£3,889	72	2	Flat
£210K	12/24	0.1 mi	Apartment 208, 6, Fleet Street, Birmingham B3 1JH	£2,500	84	2	Flat
£189.9K	12/24	0.12 mi	32, Apartment 44, George Street, Ladywood, Birmingham B3 1QG	£2,922	65	2	Flat
£355K	03/25	0.13 mi	Penthouse 6, 17 Ludgate Loft Apartments, Ludgate Hill, Birmingham B3 1DW	-	-	2	Flat
£355K	03/25	0.13 mi	Penthouse 6, 17 Ludgate Loft Apartments, Ludgate Hill, Birmingham B3 1DW	£2,840	125	2	Flat
£183K	07/24	0.15 mi	21 Maxim 28, Apartment 18, Lionel Street, Birmingham B3 1AT	£2,440	75	2	Flat
£185K	07/24	0.15 mi	43, Flat 48, George Street, Ladywood, Birmingham B3 1QA	£2,803	66	2	Flat
£232.5K	07/24	0.15 mi	42, Flat 27, George Street, Ladywood, Birmingham B3 1QA	£3,019	77	2	Flat
£267.5K	10/24	0.16 mi	1, Apartment 1, James Street, Birmingham B3 1SD	£5,350	50	2	Flat
£200K	10/24	0.16 mi	50, Apartment 32, George Street, Ladywood, Birmingham B3 1PP	£3,704	54	2	Flat
£490K	01/25	0.16 mi	St Pauls Place, Penthouse 1, St Pauls Square, Birmingham B3 1FQ	£9,423	52	2	Flat
£490K	01/25	0.16 mi	Penthouse 1, St Pauls Place, St Pauls Square, Birmingham B3 1FQ	-	-	2	Flat
£221.6K	03/25	0.2 mi	Apartment 241, Derwent Foundry, Mary Ann Street, Birmingham B3 1BG	-	-	2	Flat
£242.5K	10/24	0.2 mi	21, Flat 25, Newhall Hill, Birmingham B1 3JA	-	-	2	Flat
£210K	04/25	0.23 mi	Flat 25, 25 Kings Court, Cox Street, Birmingham B3 1RD	£3,182	66	2	Flat
£210K	04/25	0.23 mi	Flat 25, 25 Kings Court, Cox Street, Birmingham B3 1RD	-	-	2	Flat
£90K	06/21	0.25 mi	Flat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ	-	-	2	Flat
£525K	06/22	0.27 mi	6, Apartment 3, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£463K	10/22	0.27 mi	6, Apartment 2, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£510K	09/22	0.27 mi	6, Apartment 1, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£463K	10/22	0.27 mi	Apartment 2, 6, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£510K	09/22	0.27 mi	Apartment 1, 6, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£460K	09/22	0.27 mi	Apartment 4, 6, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£460K	09/22	0.27 mi	6, Apartment 4, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£525K	06/22	0.27 mi	Apartment 3, 6, Henrietta Street, Birmingham B19 3AB	-	-	2	Flat
£185.9K	10/24	0.28 mi	12 14 Qube Apartments, 60, Scotland Street, Birmingham B1 2EJ	-	-	2	Flat
£100K	07/21	0.3 mi	Flat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN	£1,724	58	2	Flat
£230K	11/24	0.31 mi	38 Queens College Chambers, Apartment 57, Paradise Street, Birmingham B1 2AF	£2,911	79	2	Flat
£235K	03/25	0.31 mi	Apartment 73, 38 Queens College Chambers, Paradise Street, Birmingham B1 2AF	£3,176	74	2	Flat
£235K	03/25	0.31 mi	Apartment 73, 38 Queens College Chambers, Paradise Street, Birmingham B1 2AF	-	-	2	Flat
£295K	04/25	0.31 mi	Apartment 24, 23, Legge Lane, Birmingham B1 3LX	-	-	2	Flat
£247K	04/24	0.32 mi	15 Heritage Court, Flat 6, Warstone Lane, Birmingham B18 6HP	£2,422	102	2	Flat
£300K	01/24	0.32 mi	15 Heritage Court, 111, Warstone Lane, Birmingham B18 6HU	£3,061	98	2	Flat
£220K	08/24	0.32 mi	15 Heritage Court, Flat 84, Warstone Lane, Birmingham B18 6HU	£2,558	86	2	Flat
£220K	08/24	0.32 mi	Flat 84, 15 Heritage Court, Warstone Lane, Birmingham B18 6HU	-	-	2	Flat
£332.5K	01/25	0.32 mi	Apartment 6, 22, Legge Lane, Birmingham B1 3LW	£4,433	75	2	Flat
£182K	12/22	0.34 mi	14, Civic Close, Birmingham, West Midlands B1 2NT	£2,193	83	2	Flat
£175K	10/23	0.34 mi	1 Hub, Apartment 122, Clive Passage, Birmingham B4 6HZ	£2,734	64	2	Flat
£308K	03/25	0.37 mi	Flat 18, 81, Camden Street, Ladywood, Birmingham B1 3DD	-	-	2	Flat
£308K	03/25	0.37 mi	Flat 18, 81, Camden Street, Ladywood, Birmingham B1 3DD	£4,053	76	2	Flat
£215K	11/24	0.37 mi	107 Orb, Apartment 36, Carver Street, Birmingham B1 3AP	£2,722	79	2	Flat
£325K	06/25	0.37 mi	103, Albion Street, Birmingham B1 3AA	£3,571	91	2	Flat
£325K	06/25	0.37 mi	103, Albion Street, Birmingham B1 3AA	-	-	2	Flat
£290K	10/22	0.39 mi	Penthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ	-	-	2	Flat
£318K	11/23	0.39 mi	Apartment 309, 65, Shadwell Street, Birmingham B4 6LS	£4,969	64	2	Flat

Local Rents

50 rents from £875/mo to £2.8K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	11/25	0 mi	Fleet Street, Birmingham	2	Flat
£995	06/25	0.01 mi	Islington Gates, 14 Fleet Street, Birmingham, West Midlands, B3	2	Flat
£895	08/25	0.01 mi	Islington Gates, Fleet Street B3	2	Flat
£1,100	06/25	0.01 mi	Islington Gates, Birmingham, West Midlands, B3	2	Flat
£1,000	07/25	0.01 mi	Islington Gates, Birmingham, West Midlands, B3	2	Flat
£1,150	10/25	0.01 mi	Islington Gates, Fleet Street, Jewellery Quarter, B1	2	Flat
£2,795	08/25	0.02 mi	-	2	Flat
£1,400	07/25	0.02 mi	Brindley House, Birmingham	2	Flat
£1,690	05/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,600	05/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,700	12/24	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	09/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,575	09/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	09/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	10/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,595	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,510	11/25	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,700	12/24	0.03 mi	Newhall Walk, Birmingham, B3	2	Flat
£1,710	09/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,595	09/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,685	09/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,710	09/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,585	09/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,555	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,690	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,710	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,545	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,660	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,510	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,710	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,620	11/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,510	11/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,630	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,685	11/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£1,555	10/25	0.03 mi	The Whitmore Collection, 2 Newhall Walk, B3	2	Flat
£950	08/25	0.03 mi	Newhall Street, Birmingham, Birmingham	2	Flat
£875	08/25	0.03 mi	Millennium Apartments, Newhall Street, Birmingham	2	Flat

Local Area Statistics

Population in B3	2,2252,225
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.25 miles away0.25 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+13%+13%

Property History

Listed for £190,000

December 2, 2024

Description

Two bedroom +
Furnished +
Available Immediately +
EPC C +
Council Tax E +

This well presented two double bedroom apartment is located on the fourth floor of the popular Islington Gates development.

Description
This well-presented two-bedroom apartment is located on the fourth floor of the ever-popular Islington Gates development in the Jewellery Quarter.

Location
This apartment is in a prime location, close to all the amenities of St Pauls Square including bars, restaurants and coffee shops, and within a short walk to Birmingham's Central Business District. This property also has easy access to various transport networks such as Snow Hill and New Street train station.

Property Information
Tenure - Leasehold
Length of Lease - 121 Years remaining
Ground Rent - £200 per annum
Service Charge - £3,003 per annum
Local Authority - Birmingham City Council
Council Tax Band - E
EPC - C

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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

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