# 1 bedroom ground floor flat for sale (B62 0BL) ## Property Details | Key | Value | |-----|-------| | Address | FLAT 8, PEGASUS COURT, SPIES LANE, HALESOWEN, WEST MIDLANDS B62 0BL | | Price | £185,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | C | | Last sold | £175,000 Oct 2025 | ## 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.  ## Property Photos - ![Photo](/listings/photos/162070502/1313877) - ![Photo](/listings/photos/162070502/1313878) - ![Photo](/listings/photos/162070502/1313879) - ![Photo](/listings/photos/162070502/1313880) - ![Photo](/listings/photos/162070502/1313881) - ![Photo](/listings/photos/162070502/1313882) - ![Photo](/listings/photos/162070502/1313883) - ![Photo](/listings/photos/162070502/1313884) - ![Photo](/listings/photos/162070502/1313885) - ![Photo](/listings/photos/162070502/1313886) - ![Photo](/listings/photos/162070502/1313887) - ![Photo](/listings/photos/162070502/1313888) - ![Photo](/listings/photos/162070502/1313889) - ![Photo](/listings/photos/162070502/1313890) - ![Photo](/listings/photos/162070502/1313891) - ![Photo](/listings/photos/162070502/1313892) - ![Photo](/listings/photos/162070502/1313893) - ![Photo](/listings/photos/162070502/1313894) ## Floorplans - ![Floorplan 1](/listings/photos/162070502/1313895) - Floorplan 1 ## EPC Graphs - ![EPC 1](/listings/photos/162070502/1313896) - EPC 1 ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | PEGASUS COURT FLAT 8 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL | £175,000 | 24/10/2025 | Flat | | PEGASUS COURT FLAT 8 SPIES LANE, HALESOWEN, DUDLEY, WEST MIDLANDS, B62 0BL | £150,000 | 14/12/2018 | 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 | |---------|-------|------|------| | 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £151,000 (6 Flat, B62, 2024–2026) - **Deviation:** +22.5% ## Rental Range *ONS Price Index of Private Rents (Dudley). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £764/mo - **Realistic:** £849/mo - **Optimistic:** £934/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Black Country (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £494/mo ## 1% Rule - **Rent ratio:** 0.46% (weak for cashflow) - **Max investor price (0.8%):** £106,125 - **Target investor price (1%):** £84,900 *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 Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 17.5% ## House Price Index (HM Land Registry) *Official index for Dudley; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -0.9% - **5y growth (index):** 11% - **10y growth (index):** 43.5% ## 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)