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jersey1501

Buy Birmingham City Centre?

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I am thinking of buying a two bed flat in Birmingham City Centre to use as a base for trade shows at the NEC. As I won't be using it as a permanent home I need something secure and near to New St station if possible. The price swings do look alarming, does anyone have an idea of a specific block or price range I should be paying? I have looked at price sites extensively but there does seem to be some conflicting information!

Many Thanks to all in advance for their help!

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I am thinking of buying a two bed flat in Birmingham City Centre to use as a base for trade shows at the NEC. As I won't be using it as a permanent home I need something secure and near to New St station if possible. The price swings do look alarming, does anyone have an idea of a specific block or price range I should be paying? I have looked at price sites extensively but there does seem to be some conflicting information!

Many Thanks to all in advance for their help!

Mate, the level of oversupply is horrific.

Prices will halve so you are looking at a 50-100k loss.

What is it about renting- and rolling it over on a monthly basis you don't fancy?

No risk, and if things get really bad-walk away with all your hard earned cash intact.

Please don't do this to yourself and your family.

Whole blocks are empty. Offer 500 a month.

Nick

Edited by SurgeonGeneral

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Recent Allsop auction:

Lot 310

Vacant Flat

A Leasehold Self-Contained Purpose Built First Floor Flat

Apartment 8, Ludgate Court, 191 Lakes Road, Birmingham, West Midlands B23 7UH

Guide Price: £40,000 - £50,000

Result: £52,000

Houseprices.co.uk says:

26/01/2007 £119,500 Flat L Yes Map Apartment 8, 191, Lakes Road, Birmingham, West Midlands, B23 7UH

Rest of the results here.

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Recent Allsop auction:

Lot 310

Vacant Flat

A Leasehold Self-Contained Purpose Built First Floor Flat

Apartment 8, Ludgate Court, 191 Lakes Road, Birmingham, West Midlands B23 7UH

Guide Price: £40,000 - £50,000

Result: £52,000

Houseprices.co.uk says:

26/01/2007 £119,500 Flat L Yes Map Apartment 8, 191, Lakes Road, Birmingham, West Midlands, B23 7UH

Rest of the results here.

Cheers. I'll claim my free prize.

What happened to the OP?

NIck

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