# 1 bedroom flat for sale (B23 6GB)

## Property Details

| Key | Value |
|-----|-------|
| Address | 20 MERE STREET, BIRMINGHAM, WEST MIDLANDS B23 6GB |
| Price | £100,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £92,500 May 2024 |

## Description

Dixons are pleased to introduce this one bedroom, ground floor apartment situated on the popular Highcroft Hall development in the heart of Erdington.

This property has 133 years remaining on the lease and is situated close to local shopping amenities and schools. Commuters will appreciate the readily-available bus links to surrounding towns & Birmingham city centre, while Gravelly Hill & Erdington train stations provide convenient cross-country rail services for seamless connectivity.

The property has been modernised and is well-presented throughout, ideal for first time buyers and investors alike.

The accommodation we offer briefly comprises of a living room, fully fitted kitchen, master bedroom and a family bathroom.

Viewing is highly recommended.

## Property Photos

- ![pbox-IMG.jpg](/listings/photos/171608945/507560) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507564) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507565) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507566) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507567) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507570) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507572) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507582) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507585) - pbox-IMG.jpg
- ![pbox-IMG.jpg](/listings/photos/171608945/507591) - pbox-IMG.jpg

## Floorplans

- ![pbox-FP.jpg](/listings/photos/171608945/507598) - pbox-FP.jpg

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/171608945/507599) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 20 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £92,500 | 24/05/2024 | Flat |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| HIGHCROFT HALL APARTMENT 101 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £100,000 | 16/01/2026 | Flat |
| 4 HIGHCROFT VILLAS, BIRMINGHAM, WEST MIDLANDS, B23 6GQ | £221,250 | 14/01/2026 | Flat |
| 102 TOWER ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GJ | £121,000 | 19/12/2025 | Flat |
| 49 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £135,000 | 05/12/2025 | Flat |
| 7 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GD | £135,000 | 21/11/2025 | Flat |
| 4 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £136,000 | 14/11/2025 | Flat |
| 7 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £125,000 | 31/10/2025 | Flat |
| 10 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £105,000 | 31/01/2025 | Flat |
| 28 HOSPITAL STREET, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GA | £122,000 | 20/12/2023 | Flat |
| 4 RAVENHURST MEWS, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AZ | £52,500 | 20/12/2023 | Flat |
| 16 STAFF WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GG | £133,000 | 15/12/2023 | Flat |
| 96 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £123,700 | 27/11/2023 | Flat |
| 12 STAFF WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GG | £138,500 | 10/11/2023 | Flat |
| [Same street] 18 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £127,000 | 03/11/2023 | Flat |
| 88 BOUNDARY ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GN | £135,000 | 30/10/2023 | Flat |
| 73 CITY VIEW, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6GP | £147,000 | 28/09/2023 | Flat |
| 112 NORTHCROFT WAY, BIRMINGHAM, WEST MIDLANDS, B23 6GE | £128,500 | 04/08/2023 | Flat |
| HIGHCROFT HALL APARTMENT 205 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £154,500 | 03/07/2023 | Flat |
| 107 FENTHAM ROAD, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AL | £80,000 | 27/06/2023 | Flat |
| HIGHCROFT HALL APARTMENT 215 HIGHCROFT ROAD, BIRMINGHAM, WEST MIDLANDS, B23 6GS | £180,000 | 19/06/2023 | Flat |
| 19 RAVENHURST MEWS, ERDINGTON, BIRMINGHAM, WEST MIDLANDS, B23 6AZ | £50,000 | 13/04/2023 | Flat |
| [Same street] 34 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £120,000 | 15/03/2023 | Flat |
| [Same street] 6 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £127,000 | 05/08/2022 | Flat |
| [Same street] 16 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £122,000 | 02/08/2022 | Flat |
| [Same street] 14 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £130,000 | 28/06/2022 | Flat |
| [Same street] 12 MERE STREET, BIRMINGHAM, WEST MIDLANDS, B23 6GB | £114,500 | 30/06/2021 | Flat |

**Street average:** £123,417 (6 sales)
**Area average:** £126,148 (20 sales)

## Price vs local average

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

- **Local average:** £104,507 (27 Flat, B23, 2024–2026)
- **Deviation:** -4.3%

## Rental Range

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

- **Low:** £977/mo
- **Realistic:** £1,086/mo
- **Optimistic:** £1,195/mo

## LHA (Local Housing Allowance)

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

- **LHA floor (this property size):** £693/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| Studio Flat, Slade Road, B23 | £750/mo | 1 | 0.38 miles | OpenRent |
| 1 Bed Flat, Wentworth Court, B24 | £900/mo | 1 | 0.4 miles | OpenRent |

**Average rent: £825/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.83% (okay)
- **Max investor price (0.8%):** £103,125
- **Target investor price (1%):** £82,500

*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 £825/mo).*

- **Gross yield:** 9.9%
- **Cost-to-rent:** 10.1×
- **Monthly cashflow:** £324/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 13.4%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. 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:** -26.1%
- **10y growth:** -2%

## House Price Index (HM Land Registry)

*Official index for Birmingham; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -3.6%
- **5y growth (index):** 4.6%
- **10y growth (index):** 34.9%

## 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)