# Commercial development for sale (B11 1XA)

## Property Details

| Key | Value |
|-----|-------|
| Address | 2, SOUTH RANGE, MOLE STREET, BIRMINGHAM, WEST MIDLANDS B11 1XA |
| Price | POA |
| Last sold | £165,000 Mar 2025 |

## Description

The Mole Street Depot and Offices site features a light-industrial depot building and a separate office building. The site offers strong redevelopment potential to deliver either a commercial, residential or mixed-use scheme.

The existing Depot building consists of a light-industrial unit with storage, loading and ancillary office and W/C areas. The depot extends to 7,670sq.ft GIA. The office building extends to 5, 331sq.ft GIA and contains office space over two-floors.

Externally, there is a car-park providing 40-45 spaces.

## Property Photos

- ![Photo 33](/listings/photos/170154656/1338804) - Photo 33
- ![Photo 34](/listings/photos/170154656/1338805) - Photo 34
- ![Photo 30](/listings/photos/170154656/1338806) - Photo 30
- ![Photo 29](/listings/photos/170154656/1338807) - Photo 29
- ![Photo 31](/listings/photos/170154656/1338808) - Photo 31
- ![Photo 32](/listings/photos/170154656/1338809) - Photo 32
- ![Photo 36](/listings/photos/170154656/1338810) - Photo 36
- ![Photo 37](/listings/photos/170154656/1338811) - Photo 37
- ![Photo 38](/listings/photos/170154656/1338812) - Photo 38
- ![Photo 39](/listings/photos/170154656/1338813) - Photo 39
- ![Photo 40](/listings/photos/170154656/1338814) - Photo 40
- ![Photo 41](/listings/photos/170154656/1338815) - Photo 41
- ![Photo 42](/listings/photos/170154656/1338816) - Photo 42

## Floorplans

- ![Photo 35](/listings/photos/170154656/1338817) - Photo 35

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| SOUTH RANGE 2 MOLE STREET, BIRMINGHAM, WEST MIDLANDS, B11 1XA | £165,000 | 24/03/2025 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 56 MOLE STREET, BIRMINGHAM, WEST MIDLANDS, B11 1XA | £425,000 | 18/02/2025 | Other |
| MAJESTIC TOWELS MOLE STREET, BIRMINGHAM, WEST MIDLANDS, B11 1XA | £550,000 | 29/03/2023 | Other |
| STARTFORD ROAD BAPTIST CHURCH STRATFORD ROAD, SPARKHILL, BIRMINGHAM, WEST MIDLANDS, B11 1AA | £975,000 | 17/03/2023 | Other |

**Area average:** £650,000 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £1,670,964 (7 Other, B11, 2024–2026)
- **Deviation:** -100%

## Rental Range

*ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £979/mo
- **Realistic:** £1,088/mo
- **Optimistic:** £1,197/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Birmingham (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 4 Bed Semi-Detached House, Priestley Road, B11 | £1,450/mo | 4 | 0.32 miles | OpenRent |
| 4 Bed Semi-Detached House, Sparkbrook, B11 | £1,450/mo | 4 | 0.32 miles | OpenRent |
| 2 Bed Flat, Parkes Avenue, B12 | £2,200/mo | 2 | 0.63 miles | OpenRent |
| 4 Bed Detached House, Parkes Avenue, B12 | £2,250/mo | 4 | 0.63 miles | OpenRent |
| 1 Bed Flat, Dolphin Road, B11 | £800/mo | 1 | 0.67 miles | OpenRent |
| 2 Bed Terraced House, Parkes Avenue, B12 | £2,950/mo | 2 | 0.68 miles | OpenRent |

**Average rent: £1,850/mo (6 listings)**

## 1% Rule

- **Rent ratio:** 182500% (strong)
- **Max investor price (0.8%):** £228,125
- **Target investor price (1%):** £182,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,825/mo).*

- **Gross yield:** 2190000%
- **Monthly cashflow:** £1,617/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 6693087.2%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 260.9%

## House Price Index (HM Land Registry)

*Official index for Birmingham; All dwelling types series; as of April 2026.*

- **1y growth (index):** 0.8%
- **5y growth (index):** 15.6%
- **10y growth (index):** 54.6%

## Flood risk

- **Zone:** 2
- **Risk:** In flood risk area
- **Source:** Environment Agency Flood Risk Areas (APSFR)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)