1 bed Flat (for sale) Portfolio 9x1 Bedrooms, Metropolitan House, 1 Hagley Road, Birmingham, West Midlands B16

£1,075,000
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Royal Estates
464 Bearwood Road, Birmingham
0121 659 8503
First Published

27th Mar 2021

Last Published

30th Mar 2021

 

Features

  • Type: Flat
  • Bedrooms: 1
  • Listing status: sale
  • Country:

Description

For sale under the hammer by online auction. Guide Price £1,075,000. Portfolio of 9 x 1 Bedroom Apartments viewings via agent.

A very rare opportunity to acquire 9 one bedroom apartments located in a highly sought after area of Birmingham City Centre, all 9 apartments are located within Metropolitan House (Number 1 Hagley Road).

Located within walking distance from Brindley Place, The Mailbox and The Bullring, the apartment offers the finest in luxury living with exceptional views further benefiting from a 24 Hour Concierge and security intercom.

The apartments are currently all occupied with rental figures and numbers listed below:


301 - £700PCM (£8400PA)



305 - £700PCM (£8400PA)



307 - £675PCM (£8100PA)



315 - £750PCM (£9000PA)



401 - £675PCM (£8100PA)



405 - £675PCM (£8100PA)



407 - £675PCM (£8100PA)



415 - £735PCM (£8820PA)



601 - £700PCM (£8400PA)



Total Rental Income Per Annum: £75,420.00

All the apartments are rented on AST agreements.

Service Charges: (Please see legal pack)

Ground Rent: (Please see legal pack)

Lease Length: (Please see legal pack)

Please see legal pack for all further information.


Bidding


For bidding please visit: Underthehammer. Com

*start prices & reserve prices

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.


Viewing details


By arrangement with the partner agents or contact .


EPC


EPCs can be viewed in full on our website underthehammer. Com on the sales details page or in the legal pack.


Unconditional auction details


Contracts are exchanged immediate at the end of the auction and a 5% Deposit subject to a minimum of £5,000 will be taken from the highest bidder. This deposit will contribute towards the purchase price.

Completion will be 8 weeks.

Every buyer must first create an account at underthehammer. Com Remote bidding facilities are also available, contact the auction office for further details.

Full terms & legal DOCUMENTSAvailable at underthehammer. Com

 

Local info for B16

 

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

0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
0 bed () Moor Street, Brierley Hill DY5 £3,599,999
6 bed () Lady Byron Lane, Knowle, Solihull B93 £3,000,000
7 bed Detached house () Ladywood Road, Four Oaks, Sutton Coldfield B74 £3,000,000
8 bed Detached house () Beech Court, Wellington Road, Edgbaston, Birmingham, West Midlands B15 £2,995,000
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