Guide Price = £1,100,000 - £1,200,000
Property for auction on 22nd October at 11:00 at The Holte Suite, Aston Villa Football Club, Birmingham, B6 6HE
A prime redevelopment opportunity prominently located fronting Hagley Road (A454) and forming part of the prestigious Calthorpe Estate. The site comprises a rectangular shaped parcel of land extending to an area of 0.48 acres (1942 sq.m), previously occupied by two fire damaged Hotels which have now been demolished and cleared. The site benefits from planning consent granted by Birmingham City Council for the erection of 28 apartments comprising 22 one bedroom units and 6 two bedroom units along with associated landscaping and residents car parking.
Birmingham City Council granted the following planning permission (ref: 2017/07682/pa) on 27th April 2018. The demolition of fire damaged Bed & Breakfast accommodation with new three-storey development comprising of 22 one bed apartments and 6 two bed apartments, total of 28 dwellings.
Basement 2 x 1Beds
Ground Floor 4 x 1 Beds And 4 x 2 Beds
First Floor 8 x 1 Beds And 1 x 2 Beds
Second Floor 8 x 1 Beds And 1 x 2 Beds
The site is located fronting Hagley Road (A456) between the junctions of Barnsley Road and Sandon Road and lies within approximately two miles distance to the west of Birmingham City Centre.
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|End terrace house||11%||£375,616||3.3||0.7|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||-||£235,228 (36)||£324,304 (71)||£588,889 (46)||£731,000 (15)|
|Flats||£115,871 (12)||£182,972 (25)||£134,900 (1)||-||-|
|All||£133,881 (13)||£213,811 (61)||£321,674 (72)||£588,889 (46)||£731,000 (15)|