2 Bed Flat, Planning Permission, Birmingham, B18 6PG, £220,000

Metalworks Apartments, 91 Warstone Lane, Jewellery Quarter, B18 6PG - 4 months ago

Leasehold
Planning
ROI: 3%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £500K
Sold Prices/m²£724/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£138,911

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£1,000 - £3,199

Rent Estimate

£1,100

Running Costs/mo

£928

Cashflow/mo

£173

Cashflow/yr

£2,070

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £55K to £500K, average is £154.3K. £724/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£290K10/220.08 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£208K05/210.22 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.22 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£202.5K01/230.22 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.36 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£90K06/210.46 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K07/210.47 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/220.49 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£125K12/210.52 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.52 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.63 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.66 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£80K07/220.69 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£82K05/210.71 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£82K05/210.74 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£235K07/210.78 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.83 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£105K08/221.02 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£150K02/231.16 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/211.16 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/221.16 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£500K02/211.24 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/211.24 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.24 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/221.24 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/211.42 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£255.5K02/211.56 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£140K07/211.58 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£103K02/221.61 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/221.61 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/211.61 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£130K10/211.68 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.68 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.68 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/211.68 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£220K08/211.75 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£60K12/211.76 mi98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£60K02/221.76 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£167K11/201.76 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.76 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.76 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.76 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£130K06/211.78 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£55K03/211.78 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£55K03/211.78 mi28, Horton Square, Birmingham, West Midlands B12 0YR2
£255K06/211.78 miFlat 56, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£277K10/221.78 miFlat 78, Woodbourne, Augustus Road, Birmingham, West Midlands B15 3PJ2
£235K12/221.79 mi110, Viceroy Close, Birmingham, West Midlands B5 7UY2
£68K03/221.8 mi80, Townley Gardens, Birmingham, West Midlands B6 6LR2
£160K03/211.82 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2

Local Rents

50 rents from £1K/mo to £3.2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20012/240 miMetalworks Apartments, 93 Warstone Lane, Jewellery Quarter2
£1,10003/250 mi-2
£2,30012/240 mi-2
£2,30012/240 mi-2
£2,30012/240 mi-2
£1,10004/250 mi-2
£1,10012/240.01 miWarstone Lane, Birmingham, B182
£1,40001/250.01 mi-2
£1,20001/250.01 mi-2
£1,10012/240.01 miMetalworks Apartments, 90 Warstone Lane, Birmingham, West Midlands, B182
£1,20012/240.03 miMetalworks, Jewellery Quarter2
£1,25002/250.03 mi-2
£3,19902/250.03 mi-2
£1,50012/240.03 miTenby Heights, Tenby Street North, Birmingham2
£1,50012/240.03 miTenby Heights, Tenby Street North, Jewellery Quarter, B12
£1,50012/240.03 miTenby Street North, BIRMINGHAM2
£1,20012/240.03 miTenby Street North, BIRMINGHAM2
£1,15012/240.04 miWarstone Lane, Birmingham, B182
£1,10012/240.04 miwarstone lane, 51, birmingham, West Midlands2
£1,05012/240.04 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.04 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.04 mi83-86 Carver Street, Birmingham2
£1,05012/240.04 miSt Georges, Carver Street, Jewellery Quarter, B12
£1,10012/240.04 mi, Metalworks Apartments, 91 Warstone Lane, Birmingham, West Midlands2
£1,20012/240.04 miMetalworks, Jewellery Quarter2
£2,25002/240.05 mi-2
£1,20012/240.05 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.05 miLion Court, 100 Warstone Lane, Jewellery Quarter2
£1,95012/240.05 mi-2
£1,17512/240.05 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,20012/240.05 miCarver House, 30 Carver Street, Birmingham, West Midlands, B12
£1,35012/240.05 mi-2
£1,19903/240.06 mi-2
£1,19904/250.06 mi-2
£1,19912/240.06 miLion Court, Birmingham, B182
£1,10012/240.06 miApartment 118, Buttonbox, 116 Warstone Lane, Birmingham, West Midlands2
£1,25012/240.06 miDayus House, Tenby Street South, Jewellery Quarter, B12
£1,00012/240.06 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.06 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,25012/240.06 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,15012/240.07 miThe Foundry, Carver Street, Jewellery Quarter, B12
£2,80012/240.07 mi-2
£1,35002/250.07 mi-2
£1,30003/250.07 mi-2
£1,15012/240.07 miBoxworks, 35 Tenby Street North2
£1,22512/240.07 miwarstone lane, birmingham, West Midlands2
£1,30012/240.07 miwarstone lane, birmingham, West Midlands2
£1,37512/240.07 miwarstone lane, birmingham, West Midlands2
£1,40012/240.07 miwarstone lane, birmingham, West Midlands2
£1,45012/240.07 miwarstone lane, birmingham, West Midlands2

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.12 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Price changed to £220,000

March 24, 2025

Listed for £225,000

December 18, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Lift Access +
  • Light & Spacious +
  • Short Walk To St. Paul's Square +
  • Secure Development +
  • EWS1 FORM GRANTED +
  • EPC Rated - C +
  • 606 Sq. Ft. +
  • Secure Allocated Parking +
  • Open Plan Living & Kitchen Area +

DESCRIPTION EWS1 FORM GRANTED A beautifully presented two bedroom, apartment located in the Metalworks development. The apartment benefits from having open plan living area/fitted kitchen with integrated appliances, two-bedrooms and a stylish bathroom as well secure, allocated parking. Metalworks is a secure gated development with communal gardens in the heart of the Jewellery Quarter. This apartment is also offered with NO UPWARD CHAIN. 

LOCATION The Jewellery Quarter is a designated conservation area and proposed World Heritage Site and is already a prestigious and highly desired part of Birmingham. It is experiencing further development as some of the old factories are converted into apartments, restaurants and shops. It is only a short distance to all that Birmingham City Centre has to offer. Metalworks is located in the heart of this historic district. 

JAMES LAURENCE ESTATE AGENTS MATERIAL INFORMATION Agents Note: We have not tested any of the electrical, central heating or sanitary ware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. All material information stated below has been provided by our client, but we would request all information to be verified by the purchaser's chosen solicitor.

Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

Tenure: Leasehold

Services: All mains' services are connected to the property.

Local Authority: Birmingham City Council

Council Tax Band: C

Service Charge: £1,961.76 Per Annum.

Ground Rent: £399.00 Per Annum

Ground Rent Review Period: TBC

Length of Lease: 985 Years Remaining.

To complete our comprehensive service, James Laurence Estate Agents is pleased to offer the following:-

Free Valuation: Please contact the office on to make an appointment.

Residential Lettings and Management: If you are interested in letting out your property or are considering renting a property, please contact our office to find out further information.

Conveyancing: Very competitively priced rates agreed with our panel of local experienced and respected Solicitors. Please contact this office for further details.

Financial Services: James Laurence Estate Agents work with an independent Mortgage Service offering face to face mortgage advice to suit your needs. Please contact the office on to make a free appointment.

Further Material Information:

Part A

Council Tax / Domestic Rates: C
Asking price: £225,000.00
Tenure*: Leasehold

Part B

Property type: Apartment
Property construction: Purpose built.
Number and types of room: two bedroom apartment
Electricity supply: Mains.
Water supply: Mains.
Sewerage: Mains.
Heating: Electric
Broadband: We recommend you complete your own investigation.
Mobile signal/coverage: We recommend you complete your own investigation
Parking: YES

Part C

Building safety: Please seek confirmation from your solicitor.
Restrictions: N/a.
Rights and easements: N/a.
Flood risk: N/a.
Coastal erosion risk: N/a.
Planning permission: N/a.
Accessibility/adaptations: N/a.
Coalfield or mining area: N/a.
Energy Performance Certificate (EPC)**: C

Agent Details

James Laurence Estate Agents, Birmingham

0121 387 6501

Next Steps?

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