0 bed Block of flats (for sale) Branston Street, Jewellery Quarter B18

£700,000
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Martin & Co Birmingham City
28 Carver Street, Birmingham
0121 659 5646
First Published

17th Sep 2020

Last Published

21st Sep 2020

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

This freehold block of 5 apartments in the Jewellery Quarter consists of 4 x 2 bed and 1 x 3 bed. You will need a little imagination to see the endless potential this development offers as some works are required to restore the flats to a high luxury standard in order to optimise the capital value and rental yield. Once inside you will see the potential that each flat has as they consist of high ceilings and characteristic windows throughout. The flats have access to a communal area which can be utilised in the summer months.

The Jewellery Quarter is a designated conservation area and proposed World Heritage Site and is already a prestigious and highly desired part of Birmingham. It is experiencing further development as some of the old factories are converted into apartments, restaurants and shops. It is only a short distance to all that Birmingham City Centre has to offer. This development opportunity is located in the heart of this historic district and therefore once the apartments are refurbished, the finished product will encourage strong demand, capital growth and a high rental yield.

Estimated rents:
Apartment 1 - 2 bed (610 sq ft) - £950pcm
Apartment 2 - 2 bed (668 sq ft) - £950pcm
Apartment 3 - 2 bed (670 sq ft) - £950pcm
Apartment 4 - 2 bed (543 sq ft) - £900pcm
Apartment 5 - 3 bed (1,130 sq ft) - £1,350pcm

EPC ratings:
Apartment 1 - F
Apartment 2 - D
Apartment 3 - F
Apartment 4 - F
Apartment 5 - F

 

Local info for B18

Floor plan

 

Property Value Data/Graphs for B18

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 51.3% £220,707 1.7 1.3
Terraced house 26.3% £123,876 2.5 0.9
End terrace house 7.5% £168,667 2.8 1.2
Semi-detached house 3.8% £135,483 2.7 0.3
Maisonette 2.5% £104,475 1.5 1
Other 2.5% £92,500 0.5 0.5
Detached house 2.5% £212,000 3 2
Studio 1.3% £150,000 0 1
Block of flats 1.3% £1,900,000 0 0
Town house 1.3% £585,000 3 3

Area Information

Average Price Paid

£155,755

Sales

921

Current Average Value

£206,522

Value Change

£50,767 32.6%

 

Current Asking Prices in B18 Average: £206,522

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £105,000 (1) £109,263 (15) £181,869 (16) £240,000 (1) £240,000 (1)
Flats £170,093 (15) £231,446 (27) £457,500 (1) - -
All £166,025 (16) £187,809 (42) £198,082 (17) £240,000 (1) £240,000 (1)

Nearby Properties

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
7 bed Detached house () Wellington Road, Edgbaston, Birmingham B15 £3,500,000
0 bed Land () Hampton Lane, Solihull B91 £3,000,000
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