2 Bed Terraced House, Single Let, Birmingham, B12 0AN, £390,000

Alcester Street, Digbeth, Birmingham, B12 0AN - a month ago

Leasehold
BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£80K - £370K
Sold Prices/m²£1.3K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.7K/m²

Value Estimate

£172,745

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£27,700

Total Cash In

£125,200

 

 

Cash Out

 

Rent Range

£850 - £3,050

Rent Estimate

£995

Running Costs/mo

£1,438

Cashflow/mo

£-443

Cashflow/yr

£-5,313

Gross Yield

3%

Local Sold Prices

50 sold prices from £80K to £370K, average is £165K. £1.3K/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£220K11/200.51 mi2, Bordesley Street, Birmingham, West Midlands B5 5PG2
£165K06/210.57 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£165K06/220.57 mi7, Berrington Walk, Birmingham, West Midlands B5 7BX2
£130K06/210.64 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2
£112.5K11/220.64 mi135, Kyrwicks Lane, Sparkbrook, Birmingham, West Midlands B11 1SS2
£80K03/210.71 mi57, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT2
£175K10/200.71 mi53, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT2
£140K05/210.71 mi51, Herbert Road, Small Heath, Birmingham, West Midlands B10 0QT2
£245K12/210.73 mi36, St Catherines Close, Birmingham, West Midlands B15 2FE2
£310K12/220.73 mi3, St Catherines Close, Birmingham, West Midlands B15 2FE2
£155K06/220.8 mi31, Gosford Street, Balsall Heath, Birmingham, West Midlands B12 9ER2
£205K04/220.82 mi50, Princess Road, Birmingham, West Midlands B5 7PU2
£170K08/220.82 mi31, Alpha Close, Birmingham, West Midlands B12 9HF2
£165K02/210.83 mi18, Mary Street, Balsall Heath, Birmingham, West Midlands B12 9ST2
£180K11/200.88 mi10, Mease Croft, Birmingham, West Midlands B9 4PW2
£195K02/220.9 mi9, Hay Park, Birmingham, West Midlands B5 7LT2
£190K06/220.92 mi43, Balfour Street, Birmingham, West Midlands B12 9SY2
£305K09/211.02 mi68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£305K09/211.05 mi68a, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£370K01/221.05 mi69, Ryland Road, Edgbaston, Birmingham, West Midlands B15 2BW2
£160K12/201.06 mi100, St Pauls Road, Sparkhill, Birmingham, West Midlands B12 8LS2
£260K08/221.11 mi9, Aboyne Close, Edgbaston, Birmingham, West Midlands B5 7PQ2
£210K06/221.15 mi77, Jakeman Road, Birmingham, West Midlands B12 9NU2
£192.5K05/221.24 mi56, Roseland Way, Birmingham, West Midlands B15 1HD2
£150K06/211.28 mi43, Roderick Road, Birmingham, West Midlands B11 1UE2
£160K03/231.28 mi8, Carlton Road, Small Heath, Birmingham, West Midlands B9 5EB2
£153K08/211.29 mi232, Clifton Road, Balsall Heath, Birmingham, West Midlands B12 8RU2
£130K02/231.31 mi55, Somerville Road, Small Heath, Birmingham, West Midlands B10 9EN2
£122K06/211.31 mi89b, Grange Road, Small Heath, Birmingham, West Midlands B10 9QS2
£155K10/221.31 mi34, Roshven Road, Birmingham, West Midlands B12 8DB2
£154.5K03/211.32 mi4, Kenelm Road, Birmingham, West Midlands B10 9AJ2
£125K11/201.33 mi46, Madeley Road, Birmingham, West Midlands B11 1UX2
£155K10/201.33 mi113, Whitehall Road, Small Heath, Birmingham, West Midlands B9 5EN2
£145K12/221.34 mi7, Pembroke Road, Birmingham, West Midlands B12 8QG2
£123K05/211.38 mi329, Golden Hillock Road, Sparkbrook, Birmingham, West Midlands B11 2QL2
£129K01/211.4 mi399a, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH2
£158K12/221.41 mi371, Charles Road, Small Heath, Birmingham, West Midlands B9 5HH2
£114K07/211.42 mi187, Bordesley Green, Birmingham, West Midlands B9 5EX2
£120K12/211.44 mi20, Hams Road, Birmingham, West Midlands B8 1DU2
£130K07/231.44 mi166, Cherrywood Road, Bordesley Green, Birmingham, West Midlands B9 4UN2
£141K11/201.47 mi29, Gough Road, Greet, Birmingham, West Midlands B11 2NG2
£235K07/231.49 mi16, Admiral Place, Moseley, Birmingham, West Midlands B13 8BQ2
£200K06/211.51 mi7, Duddeston Drive, Saltley, Birmingham, West Midlands B8 1DB2
£200K06/211.51 mi7, Duddeston Drive, Saltley, Birmingham, West Midlands B8 1DB2
£181K10/221.58 mi10, Priorygate Way, Birmingham, West Midlands B9 5NF2
£215K10/201.59 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£215K10/201.59 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£225K08/221.59 mi2, East Drive, Birmingham, West Midlands B5 7RX2
£255K06/231.59 mi40, East Drive, Birmingham, West Midlands B5 7RX2
£127K11/201.6 mi453, Green Lane, Small Heath, Birmingham, West Midlands B9 5PP2

Local Rents

50 rents from £850/mo to £3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£3,05005/240.02 mi-2
£3,05012/240.02 mi-2
£90012/240.05 miThe Point, 94-101 Cheapside, Digbeth, Birmingham2
£1,25012/240.05 miDigbeth Square, 10 Lombard Street, Digbeth, Birmingham, B122
£1,25012/240.05 miDigbeth Square, 10 Lombard Street, Birmingham, B122
£1,35003/250.05 mi-2
£1,30012/240.06 miDigbeth One 2, 1 Lombard Street, Birmngham, B122
£1,25012/240.06 miDigbeth One 2, 1 Lombard Street, Birmngham, B122
£1,45002/240.06 mi-2
£1,25012/240.06 miFabrick Square, Lombard Street, Birmingham2
£1,30012/240.07 miDigbeth One 2, 10 Lombard Street, B12 0QA2
£1,20012/240.07 miDigbeth Square, 10 Lombard Street, Birmingham, B122
£1,80011/240.07 mi-2
£1,20003/250.08 mi-2
£1,15012/240.08 mi-2
£1,05012/240.08 miFabrick Square, Lombard Street, Digbeth, B122
£1,10012/240.08 miCotton House, 1 Lombard Street, Birmingham, West Midlands, B122
£1,20012/240.08 mi-2
£1,15001/240.08 mi-2
£1,05012/240.08 miRenaissance Court2
£99512/240.08 miBradford Street, Birmingham, B12 0AH2
£1,00012/240.08 miFabrick Square, 1 Lombard Street2
£1,20012/240.08 miCotton House, Fabrick Square, B122
£1,09512/240.08 miCotton Lofts, Digbeth2
£1,09512/240.08 mi-2
£1,17502/250.09 mi-2
£1,15012/240.09 miCotton House, Fabrick Square, 1 Lombard Street, Birmingham, West Midlands, B122
£90004/240.09 miAbacus, Irish Quarter2
£1,50003/250.09 mi-2
£1,10012/240.09 miMoseley Gardens, 150 Moseley Street, Digbeth2
£99511/240.09 mi-2
£1,25011/240.09 mi-2
£1,10002/250.09 mi-2
£1,20003/250.09 mi-2
£1,20012/240.1 miAbacus Building, 196 Alcester Street, B122
£1,30012/240.1 miAlcester Street, Birmingham, B122
£1,20012/240.1 miAbacus Building, 196 Alcester Street, B122
£1,20012/240.1 miAlcester Street, BIRMINGHAM2
£1,10012/240.1 miAbacus Building, Bradford Street, Digbeth, B122
£85012/240.11 miKinvara Heights, Rea Place, Digbeth, B122
£1,40003/250.11 mi-2
£2,45002/240.11 mi-2
£1,45012/240.11 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.11 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.11 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,42512/240.11 miFlat 439, Hairpin House, 230 Bradford Street, Birmingham, B122
£1,45012/240.11 miFlat 801, Hairpin House, 230 Bradford Street, Birmingham, B122
£2,40003/250.12 mi-2
£1,30012/240.12 miAlcester Street, Birmingham, B122
£2,70002/240.12 mi-2

Local Area Statistics

Population in B12

20,547

Population in Birmingham

1,034,821

Town centre distance

0.55 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+49%

Sales demand

Buyer's market

Capital growth (5yrs)

+28%

Property History

Listed for £390,000

February 26, 2025

Floor Plans

Description

  • Digbeth Location +
  • Two Bedrooms +
  • High quality specification +
  • Character features +
  • EPC rating - B +
  • Council Tax Band -D +

A fantastic two bedroom apartment with private terrace situated in this highly desirable Iron Works development nestled in the heart of Digbeth, dubbed the City's Creative Quarter.

Description
Iron Works is a striking, converted red-brick building dating back to circa 1905, proudly occupying a prominent corner position at Alcester Street and Green Street in Digbeth. Standing three stories tall, this boutique development houses just 14 exclusive, high-specification apartments.

This particular apartment is exceptionally spacious, offering an expansive layout that enhances the sense of openness and light. Accessed through a charming communal courtyard, the property welcomes you into a generously proportioned entrance hallway, setting the tone for the vast interiors beyond. The open-plan living, dining, and kitchen area is impressively large, designed for both comfort and entertaining. The kitchen is fully equipped with sleek, integrated appliances, blending functionality with contemporary style.
Both double bedrooms are considerably sized. The master bedroom is further elevated by its own ensuite, complete with a luxurious walk-in shower. The family bathroom, equally well-appointed, offers a shower over the bath with a glazed screen for added convenience.
Characterful design elements enhance the apartment’s charm, including soaring high ceilings, exposed brickwork, expansive windows that flood the space with natural light, and stylish Buster & Punch fixtures with on-trend black ironmongery throughout. This apartment is the perfect blend of historical character and modern sophistication, offering an exceptional sense of space and style in the heart of Digbeth.

Location
Iron Works is literally a stone’s throw away from the iconic Selfridges and just over five minutes’ walk to the Bullring. From Harvey Nicholls and The Mailbox to the welcoming mix of centres, historic markets to the world famous Jewellery Quarter, the shops in Birmingham offer you everything you could ever want in an attractive and compact space with plenty of great cafes bars and restaurants to keep you going. The Custard Factory is the most powerful collection of creative and digital businesses, independent retailers and event venues outside London. It is home to over 500 businesses and hosts a regular calendar of fairs, festivals and gigs, as well as corporate and private events and weddings.

Property Information
Tenure - Leasehold
Lease term 125 years from 2019
Ground rent £175 p.a
Service charge - £2,644 p.a
Local Authority - Birmingham City Council
Council tax Band - D
EPC Rating - B

Iron Works is literally a stone’s throw away from the iconic Selfridge’s and just over five minutes’ walk to the Bullring. From Harvey Nicholls and The Mailbox to the welcoming mix of centers, historic markets to the world famous Jewellery Quarter, the shops in Birmingham offer you everything you could ever want in an attractive and compact space with plenty of great café bars and restaurants to keep you going.

Digbeth Dining Club is a multi award wining event that has changed the face of Birmingham’s alternative food scene since it started in 2012. Through partnerships with cultural, art and music groups Digbeth Dining Club regularly put on festivals and events showcasing the best street food in the region and beyond.

The Custard Factory is the most powerful collection of creative and digital businesses, independent retailers and event venues outside London. It is home to over 500 businesses and hosts a regular calendar of fairs, festivals and gigs, as well as corporate and private events and weddings.

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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