# 2 bedroom apartment for rent (B5 7EL) ## Property Details | Key | Value | |-----|-------| | Address | Kier House, 255 Sherlock Street, Birmingham City Centre, B5 7EL | | Price | £1,350 pcm | | Bedrooms | 2 | | Bathrooms | 2 | | Council tax | C | | Last sold | £267,500 | ## Description **DESCRIPTION** **** Placed in the heart of Birmingham City Centre, part of the B5 Central development, offering a modern and fresh feel. This first floor apartment, briefly comprises of two double bedrooms, master with ensuite shower room, a family bathroom with shower over the bath, spacious entrance hallway, open plan living/kitchen and ample storage. Benefitting further from being a CORNER PLOT, allowing spacious accommodation and plenty of natural light Also offering gas central heating and floor to ceiling windows throughout. Offered Furnished, and Available from FEBRUARY! A must view to appreciate size and standard.  **HALLWAY** **17' 03" x 10' 68" (5.26m x 4.78m)** with 2 x ample storage cupboards, one including a washer/dryer  **LIVING** **ROOM/KITCHEN** **14' 13" x 22' 30" (4.6m x 7.47m)** Kitchen offers a cooker/ gas hob, dishwasher, fridge/freezer  **BEDROOM** **ONE** **14' 82" x 11' 49" (6.35m x 4.6m)**   **ENSUITE** **7' 27" x 4' 73" (2.82m x 3.07m)** with standing shower  **BEDROOM** **TWO** **11' 32" x 10' 21" (4.17m x 3.58m)**   **BATHROOM** **6' 84" x 6' 69" (3.96m x 3.58m)** with shower over the bath  **ONE** **ALLOCATED** **PARKING** **SPACE** ****   **** **** Tenant Fee Act 1019. Under latest legislation, permitted tenant payments include: - Rent - Utility bills - Holding deposit equivalent of 1 weeks rent - Changes to an AST during tenancy - Company let fees still apply James Laurence are members of The Property Ombudsman and in partnership with the Money Shield Client Money protection Scheme (CMP). All enquiries and further information requests can be sent to . Birmingham City Council Property Licensing Selective Licensing Of Other Residential Accommodation (Housing Act 2004 Part 3) The local authority has granted a licence in respect of the above property. A licence has been granted as it is a property to which Part 3 of the Act applies and is required to be licensed under that Part. Occupation: This property is licensed for a maximum of 4 people living as 1 households. Notice: All measurements are approximate, and photographs/images provided for guidance only and may not accurately represent the property. Agents Note: All material information stated below has been agreed/ confirmed with our client, we would request all information to be verified by the interested applicant with a James Laurence Estate Agent Employee prior to proceeding forward with an application. Rental Per Month: £1350.00 Deposit Amount To Be Held In The Deposit Protection Service (DPS): £ Equivalent to 5-week's worth of Rent. Further information regarding the scheme can be found here: Custodial terms and conditions | DPS (depositprotection.com) Length Of Tenancy: 6 months minimum term Local Authority: Birmingham City Council Council Tax Band: C Further Material Information:- Part A Council Tax / Domestic Rates: C Rent: 1400 Deposit(s): Equivalent to 5-week's worth of Rent. Part B Property type: Apartment Property construction: Purpose Built Number and types of room: 2 Electricity supply: Unknown Water supply: Severn Trent Sewerage: Mains Heating: Gas Broadband: You should make your own enquires into the coverage. Mobile signal/coverage: You should make your own enquires into the coverage. Parking: Yes Part C Building safety: This property has cladding, as far as we know the current position with the property is:- It's been tested and there are no works required. You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measure in place. Restrictions: N/a. Rights and easements: N/a. Flood risk: N/a. Coastal erosion risk: N/a. Planning permission: N/a. Accessibility/adaptations: N/a. Coalfield or mining area: N/a. Energy Performance Certificate (EPC)**:  ## Property Photos - ![Photo](/listings/photos/155887976/1397304) - ![Photo](/listings/photos/155887976/1397305) - ![Photo](/listings/photos/155887976/1397306) - ![Photo](/listings/photos/155887976/1397307) - ![Photo](/listings/photos/155887976/1397308) - ![Photo](/listings/photos/155887976/1397309) - ![Photo](/listings/photos/155887976/1397310) - ![Photo](/listings/photos/155887976/1397311) - ![Photo](/listings/photos/155887976/1397312) - ![Photo](/listings/photos/155887976/1397313) - ![Photo](/listings/photos/155887976/1397314) - ![Photo](/listings/photos/155887976/1397315) - ![Photo](/listings/photos/155887976/1397316) - ![Photo](/listings/photos/155887976/1397317) - ![Photo](/listings/photos/155887976/1397318) - ![Photo](/listings/photos/155887976/1397332) - ![Photo](/listings/photos/155887976/1397333) - ![Photo](/listings/photos/155887976/1397334) ## EPC Graphs - ![EPC 1](/listings/photos/155887976/1397335) - EPC 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | DARWIN HOUSE, 24 APARTMENT 11 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FG | £237,000 | 01/12/2025 | Flat | | SMITHFIELD HOUSE, 22 APARTMENT 18 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FF | £185,000 | 21/11/2025 | Flat | | SMITHFIELD HOUSE, 22 APARTMENT 5 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FF | £140,000 | 01/07/2025 | Flat | | NYE HOUSE, 324 APARTMENT 20 SHERLOCK STREET, BIRMINGHAM, WEST MIDLANDS, B5 7EQ | £55,000 | 18/10/2023 | Flat | | SMITHFIELD HOUSE, 22 APARTMENT 29 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FF | £280,000 | 25/08/2022 | Flat | | SMITHFIELD HOUSE, 22 APARTMENT 9 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FF | £250,000 | 29/07/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 13 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £250,000 | 28/07/2022 | Flat | | ATTWOOD HOUSE, 29 APARTMENT 2 STRATFORD HOUSE ROAD, BIRMINGHAM, WEST MIDLANDS, B5 7EY | £195,000 | 27/07/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 24 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £254,000 | 05/07/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 17 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £192,500 | 30/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 5 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £190,000 | 30/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 8 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £255,000 | 29/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 6 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £192,000 | 28/06/2022 | Flat | | DARWIN HOUSE, 24 APARTMENT 17 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FG | £287,500 | 27/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 4 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £182,000 | 24/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 15 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £192,500 | 24/06/2022 | Flat | | ATTWOOD HOUSE, 29 APARTMENT 1 STRATFORD HOUSE ROAD, BIRMINGHAM, WEST MIDLANDS, B5 7EY | £265,000 | 24/06/2022 | Flat | | WATERWAY HOUSE, 20 APARTMENT 16 BELGRAVE MIDDLEWAY, BIRMINGHAM, WEST MIDLANDS, B5 7FE | £245,000 | 01/06/2022 | Flat | | ATTWOOD HOUSE, 29 APARTMENT 5 STRATFORD HOUSE ROAD, BIRMINGHAM, WEST MIDLANDS, B5 7EY | £195,000 | 27/05/2022 | Flat | | ATTWOOD HOUSE, 29 APARTMENT 3 STRATFORD HOUSE ROAD, BIRMINGHAM, WEST MIDLANDS, B5 7EY | £260,000 | 27/05/2022 | Flat | **Area average:** £215,125 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £185,397 (24 Flat, B5, 2024–2026) - **Deviation:** -99.3% ## Rental Range *ONS Price Index of Private Rents (Birmingham). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £981/mo - **Realistic:** £1,090/mo - **Optimistic:** £1,199/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, Belgrave Middleway, B5 | £1,400/mo | 2 | 0.02 miles | OpenRent | | 2 Bed Flat, Lexington Gardens, B15 | £1,400/mo | 2 | 0.18 miles | OpenRent | | 2 Bed Flat, Lenchs Green, B5 | £1,200/mo | 2 | 0.22 miles | OpenRent | **Average rent: £1,333/mo (3 listings)** ## 1% Rule - **Rent ratio:** 103.7% (strong) - **Max investor price (0.8%):** £175,000 - **Target investor price (1%):** £140,000 *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 £1,400/mo).* - **Gross yield:** 1244.4% - **Cost-to-rent:** 0.1× - **Monthly cashflow:** £1,230/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 3769.1% *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:** -21.1% - **10y growth:** -11.3% ## 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)