Sold STC Flat

Flat 8

PEGASUS COURT, SPIES LANE, HALESOWEN, WEST MIDLANDS B62 0BL

1 beds 1 baths 47 m² Listed 16 May 2025 (-430d)

£185,000

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Property photo

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Property details

Floor area

47 m²

Council tax band

C

Last sold

£175,000 Oct 2025

Local average

£151,000 (+22.5%)

Deprivation

Decile 10 (33,280 of 33,755)

Street crime

125 incidents within 1 mile (May 2026)

Key features

  • NO UPWARD CHAIN - SPACIOUS, VERY WELL PRESENTED GROUND FLOOR RETIREMENT FLAT
  • SOUGHT AFTER PEGASUS COURT DEVELOPMENT IN HALESOWEN
  • EXPLORE THIS PROPERTY WITH OUR 360 DEGREE VIRTUAL TOUR
  • SPACIOUS 18FT LOUNGE (OPENING ONTO COMMUNAL GARDEN)
  • SUPER FITTED KITCHEN (HAVING INTEGRATED APPLIANCES)
  • DOUBLE BEDROOM AND SHOWER ROOM
  • PLEASANT COMMUNAL GARDENS AND LARGE RESIDENTS LOUNGE
  • RESIDENTS PARKING AT THE REAR
  • DOUBLE GLAZED - ELECTRIC HEATING
  • COUNCIL TAX BAND C. EPC RATING C.

Additional details

Parking
Yes
Garden
Yes

Description

NO UPWARD CHAIN - SUPERB, SPACIOUS and VERY WELL PRESENTED DOUBLE BEDROOMED GROUND FLOOR Retirement Flat situated within the MUCH SOUGHT AFTER 'PEGASUS COURT' development. Opening onto COMMUNAL GARDEN at the rear. Explore this property with our 360 degree virtual tour. The complex occupies a pleasant position within the Halesowen postcode and there are a large number of shops, restaurants and amenities close by. The Number 9 Bus Service travels at regular intervals along Spies Lane and enables direct commuting into Birmingham City Centre and Stourbridge Town Centre. Pegasus Court offers a communal entrance (with lift to all floors), large residents lounge, pleasant communal gardens and residents car park at the rear. Flat 8 is a ground floor apartment and in more detail comprises the following accommodation :- On the grounds floor is an entrance hall with intercom receiver and useful walk in store. Delightful spacious 18FT lounge having a feature fireplace and double doors opening onto PLEASANT communal garden. Door leads from the Lounge to SUPER fitted kitchen with a range of base and wall units, work surface area and integrated oven/hob and integral fridge/freezer. 13FT double bedroom having built in wardrobe, Shower room with wash handbasin, wc and shower cubicle. For Broadband and mobile coverage checker provided by Ofcom (the office of communications) see Council Tax Band C. EPC rating C.
 
The agents have checked HM land registry and the official copy of register of title shows the property as being Leasehold. The agents are advised there was a 125 year lease which commenced on 18 May 2001 (Approx 101 years currently remaining). The vendors advise there is a current service charge of £1,720.68. for 6 months (£3,441.36 per annum). There is a current ground rent of £149.50 for 6 months (£299 per anum). We recommend buyers verify the status and satisfy themselves as to the tenure. 

Listed by

Quinton

Humberstones Homes

Reference: 162070502

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address Current Potential Floor area Age band Type
Flat 8 Pegasus Court, Spies Lane, HALESOWEN 76 81 47 m² England and Wales: 1996-2002 Flat

Flood risk

Zone: 2

Risk: In flood risk area

Environment Agency Flood Risk Areas (APSFR)

Floorplans

Floorplan 1

Floorplan 1

EPC Graphs

EPC 1

EPC 1

Price history

17% since 2018

Event Date Price % change
Sold 24/10/2025 (8 months ago) £175,000 +16.7%
Sold 14/12/2018 (7 years ago) £150,000 —

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
46 SHENSTONE FLATS, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 8PF £127,000 10/10/2025 Flat
22 SHENSTONE FLATS, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 8PF £130,000 25/07/2025 Flat
Same street PEGASUS COURT FLAT 30 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £130,000 11/08/2023 Flat
Same street PEGASUS COURT FLAT 23 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £140,000 08/08/2023 Flat
Same street PEGASUS COURT FLAT 22 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £145,000 14/07/2023 Flat
Same street PEGASUS COURT FLAT 15 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £225,000 14/12/2022 Flat
Same street PEGASUS COURT FLAT 20 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £175,000 18/08/2022 Flat
Same street PEGASUS COURT FLAT 18 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL £145,000 13/12/2021 Flat

Street average: £160,000 (6 sales)

Area average: £128,500 (2 sales)

Capital growth trend

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

5y growth 17.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Dudley. Series: Flats and maisonettes. As of April 2026.

1y (index) -0.9%
5y (index) 11%
10y (index) 43.5%

Rental Range

Estimated market rent for Dudley. Low = conservative, Realistic = average, Optimistic = best case.

Low £764/mo
Realistic £849/mo
Optimistic £934/mo

Based on Local Authority from postcode lookup → Dudley.

LHA (30th percentile) floor for Black Country: £494/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View B62 0BL

Address

Spies Lane

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Bus stop Kent Rd / Spies Lane 0.1 miles
Bus stop Manor Lane / Shenstone Avenue 0.1 miles
Shop Unknown 0.1 miles
Shop One Stop 0.3 miles
Train station Rowley Regis 1.6 miles
Train station Old Hill 1.8 miles
University Birmingham City University, Bournville Campus 4.0 miles
Hospital West Heath Hospital 4.9 miles
Hospital Bilston Street Surgery 7.3 miles

Street-level crime

Category Count
Violence and sexual offences 56
Shoplifting 16
Other theft 9
Vehicle crime 9
Burglary 7
Criminal damage and arson 7
Possession of weapons 6
Public order 6
Drugs 5
Robbery 4
Total incidents 125

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Lapal Primary School Primary 0.2 miles Outstanding — 23 Mar 2023
Howley Grange Primary School Primary 0.3 miles Good — 3 Oct 2013
Leasowes High School Secondary 0.4 miles — (Inspected (no overall grade))
Quinton Church Primary School Primary 0.7 miles Good — 12 Sep 2012
Four Dwellings Academy Secondary 0.8 miles Good — 18 Jan 2024

Rental Comparables

Rental listings exist nearby, but none matched the 1-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 0.46%
Max investor price (0.8%) £106,125
Target investor price (1%) £84,900
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).

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