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2 bed flat for sale

£259,950

Jewellery Quarter, Birmingham B3

2 1 1
Interested in this property? Call 020 3478 3473 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 1 and 2 apartments available
  • Parking available at £20,000
  • 638 sqft
  • Completion Due Q3 2018
  • Level 1
  • Expected 7% Yield
  • Expected 20% Growth
  • Located in the desirable Jewellery Quarter

Property description

Located in the fashionable and desirable Jewellery Quarter we expect high demand from both owner occupiers and investors

·Extremely prime location ( 900 metres to Brindley Place - Deutsche, rbs and kpmg)
·Only 41 apartments in this first release– total of 302 apartments throughout sguv
·Hiqh Quality Specification designed for professional tenants
·Completion scheduled for Q3 2018
·Expected yields of 7% + and 20% capital growth during the build period.
·Benefit from Birmingham’s strong capital growth and UK no.1 investment case (as reported by pwc)
·1 & 2 bedroom apartments
·Parking Available - £20,000 per space
·Prices from £169,950 gbp for 1 Bed & 2 Bed from £259,950

great investment opportunity Expected 7% yields + 20% expected capital growth...

So why Birmingham:

· HS2 Birmingham to London will be just 40 minutes in 10 years’ time this is effectively Zone 4 London. Driving investment via business and homeowners
pwc report on Birmingham no.1 investment case in UK
Prices are still very affordable with extremely strong yields

Extremely prime location 900 metres to Brindley Place Deutsche, rbs and kpmg
Hiqh Quality Specification designed for professional tenants

24 hour property management service will be on call. Security system
includes audio phone system connected to individual apartments.

Our apartment specification provides
generously proportioned, open plan
designs including:

• Video intercom entry systems
to each apartment
• Hardwood veneered, solid
core entrance door with spy
hole
• Hardwood veneered, internal
doors throughout
• Low energy LED down-lighters
throughout bathroom and
living areas
• Pendant light fittings
to bedrooms
• Full furniture and accessory
packs available from studio to
two bedroom
• 10 year CML
compliant warranty
Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £173,287 Sales 108 Current average value £180,338 (Zoopla Zed-Index) Value change £10,099 ▲ 5.93%

Property value data/graphs for B3

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £307,638 - 3.0 -
Semi-detached £263,526 - 2.1 -
Terraced £209,647 £190 2.8 -
Flats £177,902 £293 1.6 £173,287

Current asking prices in B3

Average: £214,806
Avg. current asking prices in B3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £215,000
(1)
- - -
Flats £144,144
(9)
£235,967
(9)
£695,000
(1)
- -
All £144,144
(9)
£233,870
(10)
£695,000
(1)
- -

Current asking rents in B3

Average: £812 pcm
Avg. current asking prices in B3
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £758 pcm
(17)
£851 pcm
(18)
£1,499 pcm
(1)
- -
All £758 pcm
(17)
£851 pcm
(18)
£1,499 pcm
(1)
- -

Fun facts for B3

Highest value in B3
Highest value streets Zed-Index
Charlotte Street £251,213
Ludgate Hill £245,171
Lionel Street £234,262
St. Pauls Square £197,965
Fleet Street £191,913
Highest turnover in B3
Highest turnover streets Turnover
Cox Street 34.1%
Livery Street 28.6%
Mary Ann Street 27.7%
George Street 25.7%
New Market Street 25.0%

What Zoopla users think of Birmingham

Overall rating:

  • currently 4 stars
Very good - 76% (353 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Birmingham Snow Hill (0.2 miles)
  • Jewellery Quarter (0.5 miles)
  • Birmingham New Street (0.5 miles)
  • Birmingham International Airport (7.0 miles)
  • Coventry Airport (19.6 miles)
  • East Midlands Airport (34.0 miles)
  • Sharpness Old Docks (58.0 miles)
  • Lydney Harbour (59.4 miles)
  • Bristol Docks Ferry Landing (75.9 miles)

Nearby schools

View all schools in Birmingham
  • St George's CofE Junior and Infant School (0.4 miles)
  • St George's Church of England Academy, Newtown (0.4 miles)
  • Nelson Junior and Infant School (0.5 miles)
  • St Georges Academy (0.4 miles)
  • Sporting Edge Independent School (0.7 miles)
  • Birmingham Metropolitan College (0.7 miles)
  • Perry Beeches II The Free School (0.1 miles)
  • Perry Beeches IV - The Free School (0.4 miles)
  • Brearley Nursery School (0.5 miles)
Note: Distances are straight line measurements

Local info for Birmingham

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For more information about this property, please contact
Choices - Croydon, CR2 on 020 3478 3473 * (local rate)

Monthly running costs Beta

£1,057 Monthly total
Mortgage
Purchase price
Deposit (10%) 25,995
Repayment term 25
Interest rate 0.5
Your payment £829 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £17/mo (£208/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £21 Electricity £29 Estimated energy cost £50/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 7300 kWh/year
Electricity: 2200 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Birmingham

Estimated tax band D Council tax cost £132 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £16 Sewerage £13 Estimated water cost £29 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Choices - Croydon, and do not constitute property particulars. Please contact Choices - Croydon for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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