2 Bed Flat, Single Let, Birmingham, B18 6PD, £170,000

Metalworks Apartments, Warstone Lane, Jewellery Quarter, B18 6PD - 3 months ago

Leasehold
BTL
ROI: 5%
~54 m²
+1 photos

ValuationOvervalued

Sold Prices£48K - £500K
Sold Prices/m²£1.1K/m² - £4.5K/m²

 

 

Square Metres

~53.51 m²
Price/m²£3.2K/m²

Value Estimate

£108,641

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£925 - £2,070

Rent Estimate

£969

Running Costs/mo

£745

Cashflow/mo

£224

Cashflow/yr

£2,687

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £48K to £500K, average is £127.5K. £1.1K/m² to £4.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£105K08/220.56 mi39, Bellefield Road, Birmingham, West Midlands B18 4EL2
£82K05/210.75 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£208K05/210.76 miApartment 34, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£180K04/220.76 miApartment 22, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£290K10/220.77 miPenthouse 9, Amazon Lofts, Tenby Street, Birmingham, West Midlands B1 3AJ2
£82K05/210.78 mi4, Hunters Vale, Birmingham, West Midlands B19 2XH2
£202.5K01/230.79 miApartment 8, Carpathian Court, Chamberlain Court, Hockley, Birmingham, West Midlands B18 6JP2
£125K12/210.91 mi156, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£103K11/200.91 mi130, Kilby Avenue, Birmingham, West Midlands B16 8EW2
£244K03/210.99 mi31d, Northwood Street, Birmingham, West Midlands B3 1TX2
£153.5K06/211.04 mi17, Ashton Croft, Birmingham, West Midlands B16 8EX2
£180K08/211.06 mi9, Bellcroft, Birmingham, West Midlands B16 8EJ2
£80K07/221.09 miFlat 42, Martineau Tower, Uxbridge Street, Birmingham, West Midlands B19 3UJ2
£103K02/221.1 mi200, Cape Hill, Smethwick, West Midlands B66 4SJ2
£104K08/221.11 mi212, Cape Hill, Smethwick, West Midlands B66 4SJ2
£101K05/211.11 mi210, Cape Hill, Smethwick, West Midlands B66 4SJ2
£100K07/211.11 miFlat 2, Norton Tower, Civic Close, Birmingham, West Midlands B1 2NN2
£182K12/221.11 mi14, Civic Close, Birmingham, West Midlands B1 2NT2
£90K06/211.12 miFlat 10, Crescent Tower, Brindley Drive, Birmingham, West Midlands B1 2NJ2
£140K07/211.24 mi20, Brewers Square, Birmingham, West Midlands B16 0PN2
£120K02/231.31 mi17, Barnstaple Road, Smethwick, West Midlands B66 3HN2
£235K07/211.39 miApartment 34, Friday Bridge, Berkley Street, Birmingham, West Midlands B1 2LB2
£290K09/211.48 mi123 Royal Arch Apartments, The Mailbox, Wharfside Street, Birmingham, West Midlands B1 1RG2
£55K02/211.48 miFlat 4, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£70.5K11/201.48 miFlat 20, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£56K11/201.48 miFlat 7, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£48K09/211.48 miFlat 34, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£98K11/211.48 miFlat 33, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£98K11/211.48 miFlat 33, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£85K07/221.48 miFlat 4, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£125K02/231.48 miFlat 29, Endwood Court, Handsworth Wood Road, Handsworth, Birmingham, West Midlands B20 2RZ2
£255.5K02/211.54 miFlat 5, Westfield Hall, Hagley Road, Birmingham, West Midlands B16 9LG2
£143.5K03/211.56 miFlat 7, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£148K06/231.56 miFlat 20, Gaiety House, Regent Street, Smethwick, West Midlands B66 3BF2
£130K10/211.56 miFlat 1, St. Dennis House, Melville Road, Birmingham, West Midlands B16 9NE2
£135K11/201.56 miFlat 10, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£147K08/211.56 miFlat 3, St Helier House, Melville Road, Birmingham, West Midlands B16 9NG2
£167K11/201.68 mi12, Stockdale Place, Birmingham, West Midlands B15 3XH2
£162.5K11/211.68 mi33, Stockdale Place, Birmingham, West Midlands B15 3XH2
£155K03/211.68 mi73, Stockdale Place, Birmingham, West Midlands B15 3XH2
£200K03/231.68 mi10, Stockdale Place, Birmingham, West Midlands B15 3XH2
£85K10/201.7 mi9, Roslyn Close, Smethwick, West Midlands B66 3AR2
£100K11/221.72 miFlat 17, Wellington Court, Lyndon Close, Handsworth, Birmingham, West Midlands B20 3NL2
£160K03/211.73 miFlat 31, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£82.5K08/231.73 miFlat 24, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£141K05/231.73 miFlat 16, West Point, Hermitage Road, Birmingham, West Midlands B15 3US2
£123K06/211.75 mi49, Hickory Drive, Birmingham, West Midlands B17 8HL2
£70.5K01/231.75 mi35, Hickory Drive, Birmingham, West Midlands B17 8HL2
£500K02/211.75 mi28, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LF2
£172K12/201.75 miFlat 17, Edencroft, Wheeleys Road, Edgbaston, Birmingham, West Midlands B15 2LW2

Local Rents

51 rents from £925/mo to £2.1K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,15012/240.05 mi-2
£1,00012/240.05 miThe Moorings, Hockley, Birmingham, B182
£98012/240.05 mi-2
£1,05002/240.05 mi-2
£99512/240.07 miWaterside Drive, Hockley2
£1,00012/240.09 miRoosevelt House, Hockley, Birmingham2
£1,05005/240.09 mi-2
£95012/240.09 mi-2
£1,05012/240.09 miClaremont Place, Birmingham, B182
£97512/240.11 miNorton Street, Birmingham2
£1,05012/240.13 miBrookfield Terrace, Brookfield Road, Hockley, Birmingham, West Midlands, B18 7JA2
£1,20003/250.21 mi-2
£1,00012/240.26 mi-2
£1,23812/240.39 miSoho Wharf, Hopper Street, B182
£1,23812/240.39 miSoho Wharf, Hopper Street, B182
£1,23812/240.39 miSoho Wharf, Hopper Street, B182
£1,23812/240.39 miSoho Wharf, Hopper Street, B182
£1,23812/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,37512/240.39 miSoho Wharf, Hopper Street, B182
£1,35012/240.39 miSoho Wharf2
£1,25012/240.39 miSoho Wharf2
£1,35012/240.39 miSoho Wharf2
£1,35012/240.39 miSoho Wharf2
£1,50012/240.39 miSoho Wharf2
£92512/240.4 miMarkby Road, Winston Green2
£1,35012/240.4 miSoho Wharf2
£1,39312/240.41 mi-2
£1,45012/240.41 miSoho Wharf2
£1,50012/240.41 miSoho Wharf2
£1,37512/240.41 miSoho Wharf2
£1,37512/240.41 miSoho Wharf2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£2,07012/240.41 miThe Goodsyard - Jewellery Quarter - B18 2
£1,25012/240.42 mi-2
£1,20003/250.42 mi-2

Local Area Statistics

Population in B18

16,337

Population in Birmingham

1,034,821

Town centre distance

2.80 miles away

Nearest school

0.10 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+79%

Sales demand

Buyer's market

Capital growth (5yrs)

+8%

Property History

Price changed to £170,000

March 28, 2025

Listed for £185,000

January 21, 2025

Floor Plans

Description

  • Modern development +
  • Electric heating +
  • 602 sq ft +
  • High end contemporary finish +
  • Long lease - 999 years from 1st January 2010 +

We are delighted to present this two bedroom apartment in Metalworks, a contemporary residential development built in 2016, located in the heart of Birmingham's vibrant Jewellery Quarter.

Metalworks is a secure, gated development featuring architecturally designed communal gardens, offering residents a tranquil retreat. The apartment itself is finished to a high standard with a thoughtfully designed interior. Notable features include grey-oak timber effect flooring with matching grey oak doors, and a fully fitted kitchen with integrated appliances, including a dishwasher. The large, double glazed windows flood the living space with natural light, enhancing the open and airy feel.

The apartment includes spacious, fully carpeted bedrooms, providing an ideal setting for relaxation. The bathroom is stylish and well-appointed, with a full-size pressed steel bath, a Porcelanosa vanity unit with under-sink storage, a fitted wall mirror, and a separate shower cubicle with a glass and chrome door. The Porcelanosa ceramic floor and wall tiles complement the apartment's elegant design.

Situated within the Jewellery Quarter, a designated conservation area and proposed World Heritage Site, the development benefits from the area's rich history and ongoing transformation. The district is evolving, with former factories being converted into chic apartments, restaurants, and shops. The apartment is also just a short distance from Birmingham City Centre, offering the perfect balance of modern living and historic charm.

ROOM SIZES:
Hallway
Two Storage Cupboards
Open Plan Lounge/Kitchen: 21' 9" x 9' 9" (6.63m x 2.97m)
Bathroom: 8' 2" x 7' 9" (2.49m x 2.36m)
Bedroom One: 13' 5" x 10' 10" (4.09m x 3.3m)
Bedroom Two: 9' 7" x 6' 8" (2.92m x 2.03m)

LEASEHOLD INFORMATION:
Service charge - £1,649 per annum
Ground rent - £399 per annum
Lease length - 999 years from 1st January 2010

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?

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