3 Bed Flat, Single Let, Birmingham, B15 2DS, £275,000

Lincoln Apartments, Lexington Gardens, Park Central, B15 2DS - 3 months ago

Leasehold
BTL
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£90K - £525K
Sold Prices/m²£1.1K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£219,583

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£87,450

 

 

Cash Out

 

Rent Range

£150 - £3,500

Rent Estimate

£1,100

Running Costs/mo

£1,099

Cashflow/mo

£1

Cashflow/yr

£8

ROI

0%

Gross Yield

5%

Local Sold Prices

31 sold prices from £90K to £525K, average is £170K. £1.1K/m² to £4.7K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£173K12/220.27 mi19, Hodnet Grove, Birmingham, West Midlands B5 7DG3
£108K11/200.48 miFlat 9, Elmwood Court, Pershore Road, Birmingham, West Midlands B5 7PB3
£102K03/230.52 miFlat 19, Hampton Court, George Road, Edgbaston, Birmingham, West Midlands B15 1PU3
£250K12/220.53 mi61, Viceroy Close, Birmingham, West Midlands B5 7UT3
£245K09/220.53 mi75, Viceroy Close, Birmingham, West Midlands B5 7UU3
£360K01/230.55 mi14, Viceroy Close, Birmingham, West Midlands B5 7UR3
£235K05/210.55 mi4, Estria Road, Birmingham, West Midlands B15 2LQ3
£205K02/230.6 mi25, Roseland Way, Birmingham, West Midlands B15 1HD3
£100K06/210.76 mi41, Canford Close, Birmingham, West Midlands B12 0YU3
£137.5K05/210.76 mi67, Canford Close, Birmingham, West Midlands B12 0YU3
£240K03/230.79 mi36, Wyatt Close, Birmingham, West Midlands B5 7QR3
£315K11/220.89 mi7, Westbourne Gardens, Birmingham, West Midlands B15 3TJ3
£134K12/200.92 mi100, Vincent Street, Birmingham, West Midlands B12 9TX3
£190K10/220.96 mi50, Arden Grove, Ladywood, Birmingham, West Midlands B16 8HQ3
£425K04/211.31 miApartment 417, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ3
£225K03/211.47 miFlat 41, Pitmaston Court West, Goodby Road, Birmingham, West Midlands B13 8RJ3
£248K03/211.49 mi85b, Moorcroft Road, Birmingham, West Midlands B13 8LS3
£262.5K04/231.49 mi85d, Moorcroft Road, Birmingham, West Midlands B13 8LS3
£128K03/221.6 mi140, Great Hampton Row, Birmingham, West Midlands B19 3JL3
£99K11/201.6 mi72, Aldgate Grove, Birmingham, West Midlands B19 3XE3
£100K12/221.71 mi107, Great Hampton Row, Birmingham, West Midlands B19 3AY3
£90K01/221.76 mi6, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£125K04/221.76 mi3, Attenborough Close, Birmingham, West Midlands B19 2QA3
£130K12/221.77 mi17, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£115K03/221.77 mi47, Westthorpe Grove, Birmingham, West Midlands B19 3DA3
£170K01/211.81 mi18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD3
£170K01/211.81 mi18, Seymour Close, Selly Park, Birmingham, West Midlands B29 7JD3
£125K05/211.88 mi30, Wardlow Road, Birmingham, West Midlands B7 4JH3
£125K05/211.88 mi30, Wardlow Road, Birmingham, West Midlands B7 4JH3
£525K06/211.91 mi3, Moorland Road, Birmingham, West Midlands B16 9JP3
£140K03/211.96 miFlat 6, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE3

Local Rents

50 rents from £150/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,70012/240.03 miLincoln Apartments, Lexington Gardens, Park Central, B153
£1,65012/240.03 miLincoln Apartments, Lexington Gardens, Park Central, B153
£1,45012/240.09 miWindrush Grove, Edgbaston, Birmingham3
£3,00001/250.09 mi-3
£3,40003/250.09 mi-3
£1,35012/240.09 miRickman Drive, Edgbaston3
£1,65003/240.11 mi-3
£1,49512/240.11 mi-3
£1,29504/250.11 mi-3
£1,29504/250.11 mi-3
£1,39512/240.11 miSpring Road, Birmingham, B153
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 miBelgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,95012/240.12 mi£150 PPPW Belgrave Middleway, Birmingham, B12 9AP3
£1,50002/250.14 mi-3
£1,70012/240.15 miMosedale Way, Park Central, Birmingham3
£1,60012/240.19 miRickman Drive , Birmingham3
£1,47512/240.21 miHope Street, BIRMINGHAM3
£2,10012/240.21 miMowbray Street, BIRMINGHAM3
£1,60004/250.22 mi-3
£1,69512/240.25 miSherlock Street, Birmingham, B5 7DU3
£3,00012/240.27 mi-3
£2,50003/250.27 mi-3
£1,30012/240.27 mi-3
£1,60012/240.28 miCharlotte Road, Edgbaston, B15 2NH3
£15012/240.29 miCharlotte Road, Birmingham, B153
£15012/240.29 mi-3
£2,00002/240.3 mi-3
£2,00003/240.3 mi-3
£1,60012/240.32 miVarden Croft, Birmingham, B53
£1,75002/240.32 mi-3
£1,50005/240.32 mi-3
£1,65012/240.34 miVarden Croft, Edgbaston, Birmingham3
£2,00002/240.37 mi-3
£2,00012/240.37 mi-3
£1,95012/240.37 miBelgrave Middleway, Birmingham, B12 9AP3
£2,00004/250.43 mi-3
£2,50012/240.45 miLower Essex Street, Birmingham3
£1,75512/240.47 miGilldown Place, Birmingham3
£3,50003/240.48 mi-3
£1,10012/240.48 miElmwood Court, Pershore Road, Birmingham3
£2,80003/240.49 mi-3
£1,20012/240.49 miDunston Court, Wheeleys Road, Edgbaston, B153
£1,90012/240.51 miEast Timber Yard, 118 Pershore Street, Birmingham, B53
£1,90012/240.51 miEast Timber Yard, 118 Pershore Street, Birmingham, B53

Local Area Statistics

Population in B15

17,552

Population in Birmingham

1,034,821

Town centre distance

0.98 miles away

Nearest school

0.10 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+71%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Price changed to £275,000

March 8, 2025

Listed for £285,000

January 15, 2025

Floor Plans

Description

  • No Chain +
  • Modern Development +
  • Allocated Parking +
  • Three Double Bedrooms +
  • 4th Floor +
  • Juliette Balcony +
  • Two Bathrooms +
  • Large Dual Aspect Windows +
  • 939 sq ft. +
  • Achieving £1600 pcm +

"Location, Location, Location!" Properties in this highly sought-after area are in constant demand, thanks to the exceptional reputation of Park Central. Nestled in a vibrant, modern development just a stone's throw from the City Centre, this sleek, contemporary apartment epitomizes style, convenience, and luxury living. Its expansive open-plan lounge and kitchen, featuring a Juliette balcony, ensures a bright and airy atmosphere, perfect for relaxing or entertaining.

This exceptional home boasts three generously sized double bedrooms, each offering ample space and comfort, and two well-appointed bathrooms. Upon entering the property, you'll be greeted by a secure gated entrance, leading to an exclusive parking area, providing both ease of access and peace of mind for residents.

The location couldn't be more perfect. A host of local amenities are within easy reach, including trendy bars, world-class restaurants, and vibrant entertainment venues, ensuring you're never far from something exciting. For shopping enthusiasts, the renowned Bullring Shopping Centre, Arcadian Centre and The Mailbox are all just a short stroll away. If you're in the mood for live music or events, the O2 Academy is conveniently located nearby.

This apartment offers not just a place to live, but a lifestyle. With an enviable location, modern design, and unbeatable proximity to everything you need, this is an opportunity not to be missed. Secure your chance to own this exceptional property before it's gone!

ROOM SIZES:

Hallway
Storage Cupboard
Open Plan Lounge/Kitchen: 19' 8" x 16' 2" (5.99m x 4.93m)
Bedroom One: 14' 7" x 10' 7" (4.44m x 3.23m)
Bedroom Two: 11' 2" x 8' 0" (3.4m x 2.44m)
En-suite: 7' 1" x 6' 3" (2.16m x 1.91m)
Bedroom Three: 12' 9" x 10' 10" (3.89m x 3.3m)
Bathroom: 6' 11" x 6' 4" (2.11m x 1.93m)

OUTSIDE
Allocated Parking Space

LEASEHOLD INFORMATION:
Service Charge for period 01/11/2023 to 31/10/2024: £2,874 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?

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