# 2 bedroom apartment for sale (B15 2BG) ## Property Details | Key | Value | |-----|-------| | Address | APARTMENT 3, 16 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS B15 2BG | | Price | £240,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | TBC | | Construction age | England and Wales: 2012 onwards | | Floor area | 66 m² | | Last sold | £230,000 Jul 2024 | ## EPC Rating & Upgrade Cost - **Current rating:** B - **Potential rating:** B - **Expiry date:** 29/10/2027 - **Current heating cost:** £190/year ### Recommendations - E (35) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/7308-8937-7230-5443-7990) ## Description PARK CENTRAL | Two Bedrooms | Refurbished throughout | Balcony Facing Park | Secure and allocated parking | Introducing a modern and stylish 2-bedroom apartment, boasting a range of desirable features. This stunning property offers a spacious and comfortable living space, perfect for individuals or couples seeking a contemporary home. Step inside and be greeted by an abundance of natural light, with large windows enhancing the airy atmosphere. The apartment also benefits from a private balcony, providing a tranquil outdoor space to relax and unwind. Off-street parking ensures convenience and peace of mind for residents. Situated in a sought-after location, residents will enjoy easy access to local amenities, including shops, restaurants, and leisure facilities. Excellent transport links are also within close proximity, making commuting a breeze. With its modern design and convenient location, this apartment is an ideal choice for those seeking a comfortable and contemporary lifestyle. Don't miss out, book your viewing today! Important Information: Service Charge: £2,930 pa Ground Rent: £100.00 pa Years remaining on lease: 129 Council Tax Band: B EPC Rating: B ## Property Photos - ![Picture No. 20](/listings/photos/143447648/1357057) - Picture No. 20 - ![Picture No. 04](/listings/photos/143447648/1357058) - Picture No. 04 - ![Picture No. 02](/listings/photos/143447648/1357059) - Picture No. 02 - ![Picture No. 07](/listings/photos/143447648/1357060) - Picture No. 07 - ![Picture No. 08](/listings/photos/143447648/1357061) - Picture No. 08 - ![Picture No. 03](/listings/photos/143447648/1357062) - Picture No. 03 - ![Picture No. 01](/listings/photos/143447648/1357063) - Picture No. 01 - ![Picture No. 05](/listings/photos/143447648/1357064) - Picture No. 05 - ![Picture No. 06](/listings/photos/143447648/1357065) - Picture No. 06 - ![Picture No. 09](/listings/photos/143447648/1357066) - Picture No. 09 - ![Picture No. 10](/listings/photos/143447648/1357067) - Picture No. 10 - ![Picture No. 11](/listings/photos/143447648/1357068) - Picture No. 11 - ![Picture No. 12](/listings/photos/143447648/1357069) - Picture No. 12 - ![Picture No. 13](/listings/photos/143447648/1357070) - Picture No. 13 - ![Picture No. 14](/listings/photos/143447648/1357071) - Picture No. 14 - ![Picture No. 15](/listings/photos/143447648/1357072) - Picture No. 15 - ![Picture No. 16](/listings/photos/143447648/1357073) - Picture No. 16 - ![Picture No. 17](/listings/photos/143447648/1357074) - Picture No. 17 - ![Picture No. 18](/listings/photos/143447648/1357075) - Picture No. 18 - ![Picture No. 19](/listings/photos/143447648/1357076) - Picture No. 19 ## Floorplans - ![Floorplan](/listings/photos/143447648/1357077) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/143447648/1357078) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 16 APARTMENT 3 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £230,000 | 18/07/2024 | Flat | | 16 APARTMENT 3 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £194,000 | 06/06/2018 | 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 | |---------|-------|------|------| | 105 APARTMENT 24 BELL BARN ROAD, BIRMINGHAM, WEST MIDLANDS, B15 2GL | £225,000 | 08/01/2026 | Flat | | 2 APARTMENT 9 LANGLEY WALK, BIRMINGHAM, WEST MIDLANDS, B15 2EN | £135,000 | 19/12/2025 | Flat | | 50 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BH | £72,000 | 28/11/2025 | Flat | | SKYLINE, 165 APARTMENT 76 GRANVILLE STREET, BIRMINGHAM, WEST MIDLANDS, B1 1JW | £135,000 | 11/11/2025 | Flat | | 61 APARTMENT 3 MASON WAY, BIRMINGHAM, WEST MIDLANDS, B15 2GE | £147,000 | 11/01/2025 | Flat | | 10 MASON WAY, BIRMINGHAM, WEST MIDLANDS, B15 2EY | £185,000 | 06/11/2023 | Flat | | 105 APARTMENT 10 BELL BARN ROAD, BIRMINGHAM, WEST MIDLANDS, B15 2GL | £210,000 | 20/10/2023 | Flat | | 2 APARTMENT 6 LEE BANK MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B15 2BE | £185,000 | 19/09/2023 | Flat | | 29 APARTMENT 25 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2DF | £160,000 | 25/08/2023 | Flat | | [Same street] 16 APARTMENT 14 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £232,000 | 22/08/2023 | Flat | | 26 APARTMENT 38 WHEELEYS LANE, BIRMINGHAM, WEST MIDLANDS, B15 2DX | £280,000 | 14/08/2023 | Flat | | 29 APARTMENT 49 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2DF | £292,600 | 10/07/2023 | Flat | | 56 APARTMENT 17 BATH ROW, BIRMINGHAM, WEST MIDLANDS, B15 2DG | £215,000 | 07/07/2023 | Flat | | 48 APARTMENT 24 MASON WAY, BIRMINGHAM, WEST MIDLANDS, B15 2EE | £135,000 | 19/04/2023 | Flat | | 26 APARTMENT 17 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2EX | £136,000 | 14/04/2023 | Flat | | 26 APARTMENT 16 WHEELEYS LANE, BIRMINGHAM, WEST MIDLANDS, B15 2DX | £194,000 | 14/03/2023 | Flat | | 26 APARTMENT 3 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2EX | £145,000 | 09/01/2023 | Flat | | 26 APARTMENT 6 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2EX | £140,000 | 06/01/2023 | Flat | | 26 APARTMENT 29 LONGLEAT AVENUE, BIRMINGHAM, WEST MIDLANDS, B15 2EX | £225,000 | 21/12/2022 | Flat | | 2 APARTMENT 8 LANGLEY WALK, BIRMINGHAM, WEST MIDLANDS, B15 2EN | £225,000 | 16/12/2022 | Flat | | 35 FLAT 2 GRANT STREET, BIRMINGHAM, WEST MIDLANDS, B15 2EH | £200,000 | 13/12/2022 | Flat | | [Same street] 42 APARTMENT 4 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £135,000 | 06/09/2022 | Flat | | [Same street] 16 APARTMENT 16 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £219,950 | 23/05/2022 | Flat | | [Same street] 26 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £207,500 | 20/05/2022 | Flat | | [Same street] 42 APARTMENT 5 ALFRED KNIGHT WAY, BIRMINGHAM, WEST MIDLANDS, B15 2BG | £142,000 | 04/03/2022 | Flat | **Street average:** £187,290 (5 sales) **Area average:** £182,080 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £217,286 (14 Flat, B15, 2024–2026) - **Deviation:** +10.5% ## 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).* - **LHA floor (this property size):** £748/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 | |------|------|------|------|------| | 2 Bed Flat, Mason Way, B15 | £1,400/mo | 2 | 0.05 miles | OpenRent | | 2 Bed Flat, Cregoe St, B15 | £1,250/mo | 2 | 0.07 miles | OpenRent | | 2 Bed Flat, Wheeleys Lane, B15 | £1,200/mo | 2 | 0.16 miles | OpenRent | | 2 Bed Flat, St. Catherines Close, B15 | £1,400/mo | 2 | 0.21 miles | OpenRent | **Average rent: £1,313/mo (4 listings)** ## 1% Rule - **Rent ratio:** 0.55% (weak for cashflow) - **Max investor price (0.8%):** £165,625 - **Target investor price (1%):** £132,500 *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 £1,325/mo).* - **Gross yield:** 6.6% - **Cost-to-rent:** 15.1× - **Monthly cashflow:** £222/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 3.8% *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).* ## Price per Square Metre - **£/m²:** £3,636/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -31% - **10y growth:** 27% ## House Price Index (HM Land Registry) *Official index for Birmingham; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -2.6% - **5y growth (index):** 5% - **10y growth (index):** 36.2% ## 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)