3 bed Flat (for sale) The Bank Tower 2, Sheepcote Street, Birmingham City Centre, Birmingham B16

£487,900
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Knight Frank - Birmingham New Homes
1 Colmore Row, Birmingham
0121 659 7732
First Published

25th Mar 2020

Last Published

3rd Nov 2020

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

These luxury apartments set within the very popular Bank development standing tall within the city. Residents will enjoy - Concierge, private gym, concierge parking, residents lounge & coffee bar, secure & private green open space, canal & city views!

With luxurious finishes throughout, spacious layouts and breath-taking views, The Bank is one of Birmingham's most desirable place to live.

**show apartment available to view by appointment only - contact us now**

Standing taller than 100m in height, this 33 storey development offers stunning, picturesque views of the city and extensive canal network.

Working alongside award-winning architects, developers, Regal Property Group have ensured that each apartment benefits from its prime position in the city centre, with large, floor to ceiling windows which enable a wide view of the city, whilst drawing light into the property. Added to this, each apartment has a vibrant style with chrome and gloss finishes, with designer kitchens and bathrooms offering a contemporary design.

Residents can also take advantage of concierge parking at Q Car Park adjacent to The Bank in Brindleyplace as well as relaxing at the canal side, bars and restaurants.

• Concierge service
• Private gym, residents lounge and coffee bar
• Restaurants and shops on the ground floor
• Secure and private outdoor green open space
• Secure entrance with CCTV, designed in accordance with Secure by Design Principles
• Secure on-site bicycle storage facilities
• Concierge parking
• Easy access to the new Metro tramline

Images of the show apartments are for indicative purposes only.

With a Help to Buy equity loan*, the Government lends you up to 20% of the cost of your new-build home, so you'll only need a 5% cash deposit and a 75% mortgage to make up the rest.

Typical example of Superior 3 bedroom apartment -

• Full asking price is £487,900
• Help to Buy price is £365,925 (75% mortgage)
• Plus your 5% Deposit £24,395
• 20% Government Equity Loan £97,580*

Available for first time buyers and existing home owners.

Help to Buy is subject to the Homes and Communities Agency's (hca) terms and conditions and is available on new build homes up to £600,000 to customers where the property represents their only residence. *The equity loan is interest free for the first five years. After five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by rpi plus 1%. The equity loan must be repaid after 25 years, or earlier if you sell your home.

Standing in Birmingham's city centre, this residential development stands within walking distance of attractions, such as Brindleyplace and Arena Central. The central location of the Bank enables residents to access fine dining, top-end retail, theatre, culture or sport within walking distance to suit their needs.

The Bank also stands 2 minutes away from Five Ways train station and 15 minutes away from New Street Station, which added to the close location of the metro tramway, offer high accessibility to the rest of the city and further beyond.

Served by a major airport connecting the city with destinations across the globe, Birmingham has been named as the sixth best European city for investment. With five Michelin-starred restaurants, the Bullring, Grand Central and Mailbox shopping destinations, an exciting range of independent bars, restaurants and coffee houses and as the only city outside London with a Harvey Nicolls, Louis Vuitton & Selfridges.

 

Local info for B16

Floor plan

 

Property Value Data/Graphs for B16

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 72.9% £206,107 1.6 1
Terraced house 9.9% £283,240 4 0.8
Detached house 4.6% £335,413 3.7 1.8
Semi-detached house 3.8% £455,000 5.6 1.7
Town house 3.4% £326,389 3.6 2
Studio 3.1% £109,800 0 1
End terrace house 1.5% £247,500 2.8 1.5
Other 0.8% £247,500 4.5 0.5

Area Information

Average Price Paid

£212,700

Sales

1879

Current Average Value

£231,323

Value Change

£18,623 8.8%

 

Current Asking Prices in B16 Average: £231,323

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £166,136 (7) £301,217 (23) £370,338 (16) £287,817 (9)
Flats £153,378 (89) £227,933 (88) £404,125 (14) - -
All £153,378 (89) £223,379 (95) £340,155 (37) £370,338 (16) £287,817 (9)

Nearby Properties

2 bed Flat () Mary Ann Street, Birmingham B3 £21,500,000
0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
5 bed Detached house () The Orchards, Four Oaks Estate, Sutton Coldfield B74 £4,000,000
5 bed Detached house () 8 The Orchards, Four Oaks Estate, Sutton Coldfield, West Midlands B74 £4,000,000
6 bed Detached house () Roman Park, Roman Lane, Sutton Coldfield B74 £3,650,000
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