3 Bed Terraced House, Single Let, Birmingham, B12 0QD, £475,000

10 Lombard Street, Birmingham, B12 0QD - 2 views - 4 months ago

Sold STC
Leasehold
BTL
55 m²
+14 photos

ValuationOvervalued

Sold Prices£90K - £446.1K
Sold Prices/m²£1.5K/m² - £3.8K/m²

 

 

Square Metres

55 m²
Price/m²£8.6K/m²

Value Estimate

£142,353

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,200 - £3,000

Rent Estimate

£1,362

Running Costs/mo

£1,777

Cashflow/mo

£-415

Cashflow/yr

£-4,977

Gross Yield

3%

Local Sold Prices

35 sold prices from £90K to £446.1K, average is £220K. £1.5K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£198K10/200.27 mi11, Salop Street, Birmingham, West Midlands B12 0TL3
£305K06/230.5 mi54, Hawthorn Close, Birmingham, West Midlands B9 4JF3
£220K12/220.58 mi20, Highgate Close, Birmingham, West Midlands B12 0YD3
£170K03/230.59 mi3, Erasmus Road, Birmingham, West Midlands B11 1RL3
£165K05/210.61 mi14, Priestley Road, Birmingham, West Midlands B11 1RW3
£165K04/210.63 mi20, Priestley Road, Birmingham, West Midlands B11 1RW3
£265K01/220.66 mi44, Alexandra Road, Birmingham, West Midlands B5 7NJ3
£196.5K03/210.7 mi37, Belgravia Close, Birmingham, West Midlands B5 7LA3
£224K11/220.71 mi30, Kinver Croft, Birmingham, West Midlands B12 9EH3
£245K05/230.72 mi28, Kinver Croft, Birmingham, West Midlands B12 9EH3
£207K03/230.73 mi138, Bolton Road, Small Heath, Birmingham, West Midlands B10 0BB3
£191K05/230.74 mi20, Maxstoke Street, Birmingham, West Midlands B9 4JQ3
£186K12/200.82 mi26, Larches Street, Birmingham, West Midlands B11 1XH3
£270K09/210.82 mi105, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.82 mi115, Alexandra Road, Birmingham, West Midlands B5 7NN3
£273K10/220.82 mi119, Alexandra Road, Birmingham, West Midlands B5 7NN3
£196K05/210.82 mi125, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.82 mi117, Alexandra Road, Birmingham, West Midlands B5 7NN3
£220K03/210.84 mi40, Princess Road, Birmingham, West Midlands B5 7PU3
£198K06/210.84 mi41, Vann Close, Birmingham, West Midlands B10 0DE3
£220K10/200.86 mi17, Mill Burn Way, Birmingham, West Midlands B9 4PH3
£205K10/210.86 mi23, Mill Burn Way, Birmingham, West Midlands B9 4PH3
£260K05/220.86 mi30, Mill Burn Way, Birmingham, West Midlands B9 4PH3
£252K05/230.86 mi29, Templefield Gardens, Birmingham, West Midlands B9 4NY3
£446.1K03/230.87 mi13, Spring Road, Edgbaston, Birmingham, West Midlands B15 2HG3
£280K02/220.89 mi25, Midford Grove, Birmingham, West Midlands B15 2DT3
£200K01/220.9 mi10, Four Stones Grove, Birmingham, West Midlands B5 7LW3
£180K09/220.91 mi82, Woodfield Road, Balsall Heath, Birmingham, West Midlands B12 8TH3
£220K10/210.93 mi51, Cattell Road, Birmingham, West Midlands B9 4SA3
£158K08/210.94 mi27, Montgomery Croft, Birmingham, West Midlands B11 1EL3
£230K05/230.97 mi40, Vincent Street, Birmingham, West Midlands B12 9TP3
£294.2K01/210.98 mi121, Bell Barn Road, Birmingham, West Midlands B15 2BQ3
£90K08/220.98 mi81, Court Road, Balsall Heath, Birmingham, West Midlands B12 9LQ3
£141K10/200.98 mi100, Whitmore Road, Small Heath, Birmingham, West Midlands B10 0NP3
£427.5K03/211 mi35, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BN3

Local Rents

27 rents from £1.2K/mo to £3K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£3,00005/240.1 mi-3
£3,00003/240.1 mi-3
£3,00012/240.1 mi-3
£3,00012/240.1 mi-3
£3,00012/240.1 mi-3
£3,00012/240.1 mi-3
£3,00012/240.1 mi-3
£1,39912/240.29 mi-3
£1,90012/240.38 miEast Timber Yard, 118 Pershore Street, Birmingham, B53
£1,90012/240.38 miEast Timber Yard, 118 Pershore Street, Birmingham, B53
£1,90012/240.38 miEast Timber Yard, 118 Pershore Street, Birmingham, B53
£1,80012/240.38 miEast Timber Yard, 118 Pershore Street, Birmingham, B53
£1,90012/240.39 miEast Timber Yard, Pershore Street, B53
£1,49512/240.4 miMeriden Street - student property3
£1,56012/240.4 miMeriden Street - student property3
£2,50012/240.44 miLower Essex Street, Birmingham3
£1,20004/250.51 mi-3
£2,00002/240.51 mi-3
£2,00012/240.51 mi-3
£2,00002/240.52 mi-3
£2,00003/240.52 mi-3
£1,30012/240.52 mi-3
£1,69512/240.57 miSherlock Street, Birmingham, B5 7DU3
£2,10012/240.58 miMowbray Street, BIRMINGHAM3
£1,47512/240.59 miHope Street, BIRMINGHAM3
£1,90012/240.61 miBelgrave Village, Bird Close, Birmingham, B123
£1,95012/240.62 miBelgrave Middleway, Birmingham, B12 9AP3

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £475,000

December 25, 2024

Floor Plans

Description

  • Stunning 3 Bed Penthouse +
  • Huge Private Roof Terrace +
  • Main Bedroom with Ensuite and Walk-in Wardrobe +
  • Secure, Allocated Parking inc. in Price +
  • 2 Additional Great-Sized Bedrooms +
  • High Spec Open Plan Kitchen with Island +
  • 10 Minutes on Foot to New Street Station +
  • LOW Service Charge! +
  • Long Lease +
  • Still Under New Build Warranty +

Davidson Estates is delighted to introduce this incredible three-bed penthouse apartment at the popular Digbeth One 2 development, boasting fantastic living space, a HUGE (approx. 1400sqft!) private roof terrace and allocated parking. This is NOT your run-of-the-mill apartment! Viewings are a must to appreciate the pure space on offer.

| KEY FEATURES |

*Penthouse Apartment with 3 Great Sized Bedrooms
*Main Bedroom with Ensuite and Walk-in Wardrobe
*Large Open Plan Living Space
*High Spec Kitchen with Integrated Appliances
*Complemented by Kitchen Island
*Secure, Allocated Parking Included in Price
*Huge Private Roof Terrace- circa 1400sqft!
*LOW Service Charge for an Apartment of this Size!

Some images have been virtually staged to assist buyers in imagining the space on offer. These should only be referred to for ideas and inspiration, furniture in pictures is NOT present on site

| THE APARTMENT |

Comprising of over 1300sqft of luxury living space, this stunning penthouse really offers a tremendous prospect for a variety of buyers, particularly those looking for proximity to the city centre but with ample room to relax and work from home too.

As you enter the apartment, a well-appointed, modern bathroom and three bedrooms are located off a strategically laid out hallway, leading nicely into a bright, stylish open plan living space.

Bedrooms one and two are both over 5 meters in length, offering ample room for a large bed, bedside tables, wardrobes and dressing area, while the main bedroom benefits further from a trendy walk-in wardrobe and ensuite shower room. Large industrial-style windows allow brilliant natural light to flood in, while also giving a nod to the area's rich heritage.

Stepping into the main living area, the contemporary kitchen comes with all integrated white goods, while the island provides a lovely focal point to entertain family and friends. Ample room is on offer to create distinct dining and sitting areas, all benefitting from bifold doors that open out onto a one-of-a-kind roof terrace, an absolute dream of a space to create your own oasis and enjoy in the summer months, spanning around 1400sqft!

The apartment comes with a touchscreen video entry system, the building itself is gated with fob access required not only from the external doors but also doors to the internal corridors, while a secure, allocated parking space is included in the sale price.

| LOCATION |

Situated in Digbeth, just 10 minutes from New Street Station, Digbeth One 2 is strategically located to provide easy to access to the city core, The Bullring, Colmore Row and more, while both the main coach station and tram line are under 5 minutes on foot, offering great connectivity across the city and beyond.

Edgbaston is a short drive away where you can find the likes of the Queen Elizabeth Hospital, University of Birmingham, Edgbaston Stadium, and a multitude of green spaces to enjoy.

| BIG MOVES IN THE AREA |

With the BBC moving its offices from The Mailbox to a purpose-built facility in Digbeth, as well as global hit Peaky Blinders' director, Steven Knight, opening a brand new studio in the area, Digbeth really is taking off in a big way.

The BBC's investment in the West Midlands will bring £282m to the region by 2031, with a recent study suggesting BBC's commitment to the area will help to create more than 900 jobs and 200 companies over the next decade. This obviously includes the BBC's decision to move the BBC's regional headquarters to a new state-of-the-art broadcast centre at The Tea Factory in Digbeth.

Meanwhile, Digbeth One 2 also sits just minutes away from the Smithfield Masterplan Site, an over one billion pounds mixed-use site set to expand Birmingham's city core right onto Digbeth's doorstep.

The future site of the HS2 station too is a mere 15 minutes away on foot.

| KEY INFORMATION |

Some images have been virtually staged to assist buyers in imagining the space on offer. These should only be referred to for ideas and inspiration, furniture in pictures is NOT present on site

Service Charge: £1,621.60/annum
Ground Rent: £250/annum
Years On Lease: Approx. 248 years.
Council Tax Band: Band D
EPC Rating: Rated C
EWS1 Status: B1
Est. Rental Value: £2,250/pcm

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 💪