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2 Bed Flat For Sale Alcester Street, Birmingham, B12

£235,000- Flat

Yield: 3.62%
1 of 10
Yield: 3.62%
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  • Rental Guide: £565 - £710
  • 2 Bedroom(s)
  • Description
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Last Updated: 23rd April 2020

Description

Well positioned first floor courtyard facing apartment. An ideal investment opportunity or first home!

Located close to the proposed high-speed rail network linking Birmingham and London, HS2, Westminster Works is an ideal base for commuters to the north and south. On the edge of the Southern Gateway £1 billion regeneration zone Westminster Works offers city living within a vibrant new neighbourhood.

The development offers concierge service, 24/7 security, Smart technology, Car parking and cycle storage, a
Central communal courtyard and roof terrace! An ideal investment or first home!

The building shows reverence to this locale’s industrial heritage; seeking to re-establish the warehouse architecture that is seen in much of Digbeth’s urban grain and land use. The striking use of dark masonry provides a solid distinctive building that avoids pastiche and taking focus from its prominent red brick neighbours.

Westminster Works’ location in Digbeth positions it at the heart of one of Birmingham’s most exciting regeneration projects – the HS2 Curzon Street Station scheme. Birmingham is ploughing almost £1 billion into regenerating the area around the planned HS2 Curzon Street Station, with new homes and amenities set to make the most of the new HS2 connection.

Birmingham property prices have risen by 3.63% in the past year and by 29.52% in the past five years according to data from Zoopla. The annual price rise is comfortably ahead of the UK’s average property price increase, which Knight Frank reports to be 2.6% for the year to January 2018. The site is located in the eastern part of Birmingham. Digbeth is currently undergoing major regeneration on the back of the successful redevelopment of the Bull Ring Centre which is the main shopping destination of the West Midlands.

These particulars are not intended to form part of any contract. Photographs may be general images of the development and not be the actual apartment for sale.
Agent Details
Ernest-Brooks International
Marsh Wall, London, E14 9SH
Show Contact Number
020 3621 8881

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been fully classified.
3.2

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
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Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£7050
9.2

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
4

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 Bedroom properties in “B12” are mostly listed between £565 - £710. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested