2 Bed Flat, Single Let, Birmingham, B16 8AB, £410,000

221 King Edwards Wharf, Sheepcote Street, Birmingham, B16 8AB - 13 days ago

Leasehold
BTL
115 m²
+4 photos

ValuationOvervalued

Sold Prices£90K - £500K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

115 m²
Price/m²£3.6K/m²

Value Estimate

£324,635

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£102,500

Stamp Duty & Legal Fees

£32,200

Total Cash In

£134,700

 

 

Cash Out

 

Rent Range

£950 - £2,800

Rent Estimate

£1,050

Running Costs/mo

£1,511

Cashflow/mo

£-461

Cashflow/yr

£-5,535

Gross Yield

3%

Local Sold Prices

22 sold prices from £90K to £500K, average is £180K. £1.3K/m² to £4.5K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£180K08/210.06 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£153.5K06/210.12 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£125K12/210.2 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.2 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£182K12/220.35 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£100K07/210.39 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£235K07/210.42 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£90K06/210.43 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£290K09/210.56 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£290K10/220.61 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£500K02/210.64 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£500K02/210.64 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/200.64 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£176K10/220.64 miFlat 15, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2
£144.5K09/210.82 mi35, Pakenham Road, Birmingham, West Midlands B15 2NE2
£202.5K01/230.84 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£244K03/210.85 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£208K05/210.85 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.85 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£150K02/230.94 miApartment 290, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£181K02/210.94 miApartment 257, Southside, St Johns Walk, Birmingham, West Midlands B5 4TL2
£160K11/220.94 miApartment 444, Southside, St Johns Walk, Birmingham, West Midlands B5 4TP2

Local Rents

50 rents from £950/mo to £2.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miSheepcote Street, Birmingham, B162
£1,20012/240 miSheepcote Street, Birmingham, B162
£1,49502/240.01 mi-2
£1,29012/240.02 mi-2
£1,29012/240.02 mi-2
£1,29012/240.02 mi-2
£1,25001/250.02 mi-2
£1,25001/250.02 mi-2
£1,29012/240.03 mi-2
£1,29012/240.03 mi-2
£1,25001/250.03 mi-2
£1,25001/250.03 mi-2
£1,12502/250.04 mi-2
£1,12503/250.04 mi-2
£1,05012/240.04 mi-2
£1,05012/240.04 miBellcroft, Birmingham, B162
£1,15012/240.04 miWatermarque, Browning Street, B16 8GZ2
£1,25012/240.04 miBrowning Street, BIRMINGHAM2
£99912/240.04 miBrowning Street, Birmingham2
£1,14902/240.04 mi-2
£1,35002/250.05 mi-2
£1,39512/240.05 miBrowning Street, Birmingham2
£1,24012/240.05 mi-2
£1,05012/240.05 mi Watermarque, 100 Browning Street, Birmingham, B16 8GZ, B16 8GZ2
£1,15012/240.06 miVoyager, 51 Sherbourne Street, Birmingham, B162
£1,15012/240.06 miVoyager @ Jupiter 51 Sherborne Street, Birmingham B16 8FP2
£1,55012/240.06 miSherborne Street, City Centre, Birmingham, B16 8FQ2
£1,30012/240.06 mi-2
£1,40001/250.06 mi-2
£1,07512/240.06 miBellcroft, Birmingham, B162
£1,25012/240.06 miBrowning Street, Birmingham, B162
£95012/240.06 miBellcroft, Edgbaston, Birmingham, B162
£1,20012/240.06 miWatermarque, 100 Browning Street2
£1,20003/250.07 mi-2
£1,15012/240.07 mi40 Ryland Street, B162
£1,15012/240.07 mi40 Ryland Street, B162
£1,25012/240.07 miFlat C-13, Sherborne Place, 1 Marina Place, Birmingham, B16 8WQ2
£1,25012/240.07 miFlat C25, Sherborne Place, Marina Place, Birmingham, B162
£1,45002/240.07 mi-2
£1,10003/240.07 mi-2
£1,20012/240.07 mi-2
£1,47503/250.07 mi-2
£1,20012/240.07 miRyland Street, Birmingham, B162
£2,80002/250.07 mi-2
£1,20003/250.07 mi-2
£1,20012/240.07 miRyland Street, Birmingham2
£1,25012/240.08 miRyland Street, BIRMINGHAM2
£1,40012/240.08 mi-2
£1,25003/250.08 mi-2
£1,25003/250.08 mi-2

Local Area Statistics

Population in B16

23,618

Population in Birmingham

1,034,821

Town centre distance

1.86 miles away

Nearest school

0.10 miles away

Nearest train station

0.56 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-17%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £410,000

March 25, 2025

Floor Plans

Description

  • Two bedroom apartment +
  • Grade II Listed Building +
  • Two bathrooms +
  • Top floor +
  • Secure allocated parking +
  • Canal views +
  • Balcony +
  • Large open-plan living area +
  • Central location +
  • 24 hour Concierge service +

A beautifully presented two-bedroom two-bathroom top floor apartment with dual aspect overlooking the canal and courtyard. This apartment is located in the original conversion of King Edwards Wharf, a Grade II listed building, and benefits from secure allocated parking, balcony and 24 hour concierge service.

HALLWAY 10'11"x8'1" (3.33mx2.46m)
With two storage cupboards, wooden flooring and doors to all rooms.

OPEN PLAN LIVING AREA / FITTED KITCHEN 27'9"x27'4" (8.46mx8.33m)
With wooden flooring, three sash windows to the front elevation providing canal views, french door leading to the baclony and sash window over looking the courtyard to the side elevation. Modern fitted kitchen with integrated appliances including washing machine, fridge freezer, electric oven and hob. There are also gas radiators and painted exposed brickwork and beams.

MASTER BEDROOM 10'1"x11'11" (3.07mx3.63m)
Carpet flooring with sash windows to the side overlooking the courtyard, built in double wardrobes gas radiators and exposed beams.

ENSUITE 10'1"x5'9" (3.07mx1.75m)
Tiled walls and flooring with sash window to the side, walk in shower, wall hung w.c. and wash basin, wall mounted cabinet with mirror, heated towel rail.

BEDROOM 2 10'11"x9'4" (3.33mx2.84m)
Fitted carpet flooring with sash window to the front elevation, built in wardrobes, radiator, and recess with fitted shelves.

FAMILY BATHROOM 7'7"x8'1" (2.3mx2.46m)
Tiled floor and walls with sash windows, wall mounted w.c and wash basin, wall mounted cabinet with mirror, heated towel rail.

MEZZANINE 10'x8'1" (3.05mx2.46m)
With carpet flooring, and built in cupboards.

Agent Details

Maguire Jackson, Birmingham

0121 387 6401

Next Steps?

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