2 Bed Flat, Single Let, Birmingham, B18 6NZ, £160,000

Buttonbox, 116 Warstone Lane, Birmingham, B18 6NZ - 2 views - a month ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£60K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£143,242

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£1,000 - £2,250

Rent Estimate

£1,100

Running Costs/mo

£740

Cashflow/mo

£360

Cashflow/yr

£4,320

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £500K, average is £151.8K. £1.3K/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£290K10/220.14 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£208K05/210.23 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.23 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£202.5K01/230.24 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.4 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£90K06/210.52 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£100K07/210.52 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/220.54 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£125K12/210.54 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.54 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£180K08/210.66 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.68 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£82K05/210.68 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£80K07/220.7 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£82K05/210.71 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£235K07/210.83 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/210.89 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£105K08/220.97 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£150K02/231.22 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/211.22 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/221.22 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2
£500K02/211.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/211.28 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.28 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/221.28 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/211.47 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£140K07/211.55 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£255.5K02/211.56 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£103K02/221.57 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/221.57 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/211.57 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£130K10/211.67 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.67 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.67 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£143.5K03/211.67 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/201.75 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.75 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.75 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.75 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£220K08/211.77 miFlat 64, Chadbrook Crest, Richmond Hill Road, Birmingham, West Midlands B15 3RN2
£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
£94K10/201.78 mi94, Townley Gardens, Birmingham, West Midlands B6 6LR2
£68K03/221.78 mi80, Townley Gardens, Birmingham, West Midlands B6 6LR2
£60K12/211.78 mi98a, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£60K02/221.78 mi98, Rupert Street, Nechells, Birmingham, West Midlands B7 5DS2
£160K03/211.81 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.81 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.81 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£130K06/211.83 mi55, Alexandra Road, Birmingham, West Midlands B5 7NJ2

Local Rents

50 rents from £1K/mo to £2.3K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miApartment 118, Buttonbox, 116 Warstone Lane, Birmingham, West Midlands2
£1,17512/240.01 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,20012/240.01 miwarstone lane, Ablex horizons, birmingham2
£1,22512/240.01 miwarstone lane, birmingham, west midlands2
£1,27512/240.01 miwarstone lane, birmingham, west midlands2
£1,25012/240.01 miwarstone lane, 113 warstone lane, birmingham, west midlands2
£1,20012/240.01 miwarstone lane, birmingham, west midlands2
£1,32512/240.01 miwarstone lane, 113 warstone lane, birmingham, west midlands2
£1,37512/240.01 miwarstone lane, 113 warstone lane, birmingham, west midlands2
£1,35012/240.01 miwarstone lane, 113 warstone lane, Birmingham, West Midlands2
£1,30012/240.01 miwarstone lane, Birmingham, West Midlands2
£1,40012/240.01 miwarstone lane, Birmingham, West Midlands2
£1,45012/240.01 miwarstone lane, Birmingham, West Midlands2
£1,50012/240.01 miwarstone lane, Birmingham, West Midlands2
£1,22512/240.01 miwarstone lane, birmingham2
£1,27512/240.01 miwarstone lane, birmingham, West Midlands2
£1,20012/240.01 miwarstone lane, birmingham, West Midlands2
£1,30012/240.01 miwarstone lane, birmingham, West Midlands2
£1,32512/240.01 miwarstone lane, birmingham, West Midlands2
£1,37512/240.01 miwarstone lane, birmingham, West Midlands2
£1,35012/240.01 miwarstone lane, birmingham, West Midlands2
£1,40012/240.01 miwarstone lane, birmingham, West Midlands2
£1,45012/240.01 miwarstone lane, birmingham, West Midlands2
£1,50012/240.01 miwarstone lane, birmingham, West Midlands2
£1,20012/240.01 miwarstone lane, birmingham, West Midlands2
£1,22512/240.01 miwarstone lane, birmingham, West Midlands2
£1,27512/240.01 miwarstone lane, birmingham, West Midlands2
£1,30012/240.01 miwarstone lane, birmingham, West Midlands2
£1,32512/240.01 miwarstone lane, birmingham, West Midlands2
£1,37512/240.01 miwarstone lane, birmingham, West Midlands2
£1,35012/240.01 miwarstone lane, birmingham, West Midlands2
£1,40012/240.01 miwarstone lane, birmingham, West Midlands2
£1,45012/240.01 miwarstone lane, birmingham, West Midlands2
£1,19903/240.01 mi-2
£1,19903/250.01 mi-2
£1,19912/240.01 miLion Court, Birmingham, B182
£2,25002/240.01 mi-2
£1,15012/240.02 miLion Court, 100 Warstone Lane, Jewellery Quarter2
£1,95012/240.03 mi-2
£1,00012/240.03 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10012/240.03 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,25012/240.03 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,15012/240.03 miCoinpress Residence, Warstone Lane, Jewellery Quarter2
£1,20012/240.03 miCoinpress Residence, Warstone Lane, Jewellery Quarter2
£1,15012/240.03 miThe Foundry, Carver Street, Jewellery Quarter, B12
£1,10004/250.03 mi-2
£1,25012/240.03 miFlat 18, Lion Court, Warstone Lane, Birmingham, West Midlands2
£1,10012/240.03 mi, Metalworks Apartments, 91 Warstone Lane, Birmingham, West Midlands2
£1,05012/240.04 miMetalworks, Warstone Lane, Jewellery Quarter, B182
£1,15012/240.04 miMetalworks, Warstone Lane, Jewellery Quarter, B182

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.18 miles away

Nearest school

0.20 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Listed for £160,000

February 28, 2025

Description

  • Two Bedroom apartment +
  • Secure Allocated parking +
  • Jewellery Quarter Location +
  • Viewing essential +

Maguire Jackson are pleased to offer for sale this modern two bedroom apartment situated in this unique mixed use development. The Buttonbox, situated in the Jewellery Quarter, accquired its name from the buttons that were once manufactured on this very site. This well proportioned 2 bedroom apartment has a good size master bedroom, large living space with open plan kitchen and allocated underground parking. The development also boasts a superb landscaped courtyard area.

Description
Accessed from the communal entrance, the apartment front door opens into the entrance hallway with storage cupboard and audio intercom. From here, doors radiate to the rest of the accommodation including open plan lounge, dining and kitchen. The kitchen has a range of wall and base units with work surface over and integrated appliances. The two double bedrooms are both a good size and offer plenty of space for bed and furniture. The family bathroom comprises a white suite with wash hand basin, w.c, bath with shower over and glazed screen. Outisde is the charming communal courtyard and a secure allocated parking space.

Location
Birmingham's Jewellery Quarter is one of the city's most desirable areas, offering close proximity to the vibrant amenities of St. Paul's Square, including an array of bars, restaurants, and coffee shops. Additionally, it is just a short walk from Birmingham's Central Business District. The property benefits from excellent transport links, with easy access to Snow Hill and New Street train stations, as well as convenient connections to the A38 and M6, making it ideal for commuting drivers.

Property Information
Tenure - Leasehold
Ground Rent - £200 per annum
Service Charge - £2,510 per annum
Local Authority - Birmingham City Council
Council Tax Band - C
EPC Rating - B

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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