2 bed Land (for sale) 423-425 Hagley Road, Edgbaston, Birmingham B17

£950,000
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Cottons Auctions
Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham
0121 659 7981
First Published

23rd Nov 2019

Last Published

5th Dec 2019

 

Features

  • Type: Land
  • Bedrooms: 2
  • Listing status: sale
  • Country: England

Description

Guide Price = £875,000 - £950,000

Property for auction on 10th December at 11:00 at Property Description:
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.

Planning:
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.

Accomodation
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

Location
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.

Legal Documents:
Available at

Viewings:
Via Cottons

 

Local info for B17

 

Property Value Data/Graphs for B17

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 27.5% £312,253 2.9 0.9
Semi-detached house 23.4% £437,763 3.7 1.1
Flat 17.4% £160,517 1.7 0.9
Detached house 11.5% £770,796 4.3 1.7
End terrace house 11% £375,616 3.3 0.7
Other 3.2% £259,564 2.3 1
Bungalow 2.8% £481,658 3.5 0.8
Mews house 0.9% £495,000 3.5 0
Studio 0.5% £175,000 0 1
Semi-detached bungalow 0.5% £280,000 3 1
Land 0.5% £350,000 1 1
Link-detached house 0.5% £295,000 4 2
Town house 0.5% £325,000 3 0

Area Information

Average Price Paid

£308,886

Sales

2851

Current Average Value

£378,749

Value Change

£69,863 22.6%

 

Current Asking Prices in B17 Average: £378,749

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)

Nearby Properties

3 bed Flat () Dassett Grove, Bordesley Green, Birmingham B9 £110,000
3 bed Detached house () Calthorpe Close, Walsall WS5 £395,000
4 bed Detached house () Green Lane, Kingswinford DY6 £475,000
2 bed Semi-detached house () Duncroft Road, Yardley, Birmingham B26 £160,000
2 bed Semi-detached house () Steel Maitland Avenue, Birmingham B23 £181,950
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