Jump to content
House Price Crash Forum

Rotundaaaaa!


Dagon
 Share

Recommended Posts

  • Replies 112
  • Created
  • Last Reply

Top Posters In This Topic

this one has been on the market for 2->3 years since it was built:

1.65 million for a 3 bedroom flat in brum:

http://www.rightmove.co.uk/viewdetails-651...=2&tr_t=buy

I notice there are a high proportion of close up, detail shots in this listing (nice shot of a sink). Add in 2 shots of the exterior and you don't get much of a sense of what £1.6 mil is buying you.

For that price I'd certainly want a bigger living room than this!

9501_CH_Orion_penthouse_IMG_06.jpg

Link to comment
Share on other sites

  • 2 months later...

Oh dear....

History

date event

30th Oct 2008

* Price changed: [Rotunda, New Street, Birmingham, West Midlands] From £250,000

* Subtitle changed: from 'From £250,000' to '1 bedroom flat'

10th Oct 2008

* Price changed: from 'From £350,000' to 'From £250,000'

* Subtitle changed: from '2 bedroom flat' to '1 bedroom flat'

* Price changed: From £250,000 [Rotunda, New Street, Birmingham, West Midlands]

* Subtitle changed: from '1 bedroom flat' to 'From £250,000'

* Price changed: [Rotunda, New Street, Birmingham, West Midlands] From £250,000

* Subtitle changed: from 'From £250,000' to '1 bedroom flat'

* Price changed: From £250,000 [Rotunda, New Street, Birmingham, West Midlands]

* Subtitle changed: from '1 bedroom flat' to 'From £250,000'

3rd Sep 2008

* Brief Description changed: Last chance to buy Stylish city centre two-bedroom duplex apartments at Rotunda - Urban Splash has 3 stunning duplex apartments available within Birmingham's most iconic building.These last remaining apartments at Rotunda have been cut out of the old Lloyds Bank vault creating spacious homes split over two floors. Each duplex benefits from Po... floors...

27th Aug 2008

* Price changed: [Rotunda, New Street, Birmingham, West Midlands] From £350,000

* Subtitle changed: from 'From £350,000' to '2 bedroom flat'

19th Aug 2008

* Price changed: From £350,000 [Rotunda, New Street, Birmingham, West Midlands]

* Subtitle changed: from '2 bedroom flat' to 'From £350,000'

8th Aug 2008

* Subtitle changed: from '1 bedroom flat' to '2 bedroom flat'

22nd Jul 2008

* Initial entry found.

http://www.rightmove.co.uk/viewdetails-218...p;mam_disp=true

100k reduction.....and seemingly, quite some difficulty in deciding if there are 2 bedrooms or 1!

I suppose the rooms are so bloody small, it would be quite easy to lose the second bedroom in all fairness.

Link to comment
Share on other sites

OK it is not the rotunda, but

http://www.auction.co.uk/residential/LotDe...amp;S=L&O=A

http://www.houseprices.co.uk/e.php?q=38+Ry...eet+31&n=10

I think this is a dam sight more than 25k drops, and auction prices at allsop are going about the guide price, well they did last time.

http://www.auction.co.uk/residential/LotDe...amp;S=L&O=A

http://www.houseprices.co.uk/e.php?q=B18+6BT+301&n=10

To lock into a house just because it is on a particular street is suicidal nowadays, well worth looking at the auctions, could get something at fraction of the cost.

Link to comment
Share on other sites

OK it is not the rotunda, but

http://www.auction.co.uk/residential/LotDe...amp;S=L&O=A

http://www.houseprices.co.uk/e.php?q=38+Ry...eet+31&n=10

I think this is a dam sight more than 25k drops, and auction prices at allsop are going about the guide price, well they did last time.

http://www.auction.co.uk/residential/LotDe...amp;S=L&O=A

http://www.houseprices.co.uk/e.php?q=B18+6BT+301&n=10

To lock into a house just because it is on a particular street is suicidal nowadays, well worth looking at the auctions, could get something at fraction of the cost.

Nice finds - flats were defintately where the madness / mania was at its greatest.

250 odd k for a shitty flat in a god awful area of Birmingham? Crazy.

Even more crazy: I'm still seeing flats in certain areas of Brum being sold at £130,000 for 50% part buy / rent!

Link to comment
Share on other sites

  • 7 months later...

Comedy update:

http://www.birminghampost.net/news/west-mi...65233-24007362/

Pop stars helping Rotunda apartments through recession

Birmingham Post

29th June 2009

Bookings from international pop stars and actors are helping one of Birmingham's most prestigious apartment blocks survive the recession after other clients had to cut back on their expenses budgets.

Staying Cool, which runs 17 serviced apartments on the 18th, 19th and 20th floors of the Rotunda, this week celebrates its first anniversary at the iconic building.

But the company's managing director revealed that business from A-list musicians and actors had been crucial in keeping the apartments ticking over as its first-year business plan began to falter.

Key clients from the legal and creative sectors were unable to afford the top-end apartments, which have the city's only five star rating, as the £375 per night price was seen as an unaffordable extravagance.

As a result, Staying Cool saw its occupancy rate fall to an average of just 60 per cent over the past 12 months – at least ten percent below its projections.

Instead of investing in a further 16 apartments, the company has had to rethink its short-term strategy, admitting that it may be a few more years until it expands its portfolio to the full 40 rooms.

Managing director Paul Taylor, who runs the company with business partner Tracey Stephenson, said: "It's no secret that the hotel industry is feeling the pinch as businesses clamp down on their budgets.

The effect on hotels and serviced apartments is that it becomes a struggle to keep rates up.

We are finding that unless there is a big event on in Birmingham, say at the NIA or the NEC, then it is difficult to fill our rooms.

We don't have the same problem with our apartment portfolio in Manchester, where the number of bookings is much more steady and consistent.

But the void in bookings has been filled by international pop stars and actors, who have been choosing Staying Cool’s 20th-floor penthouse as their place to party while in the city.

The Rotunda is being mentioned in the same breath as iconic hotels in Hollywood and Las Vegas as the BBC drama series Hustle is due to begin filming in the building this month after a series of international shoots.

Ms Stephenson said: We can't reveal exactly which pop stars have been here but we've had huge names from both Britain and America, which makes a big difference for us.

They are attracted to our individuality that only the Rotunda can offer.

Most people haven't stayed in a round building before."

Edited by Little Professor
Link to comment
Share on other sites

Any up to date links for the Rotunda? Something similar is being done to the old Kodak building in Hemel Hempstead.

I don't know the details, maybe he bought at the height of the boom.

link: Man dies in suicide from rotunda.

I can see the rotunda from my apartment, there are still not many lights on during the evening. On average I can see about 10 at a time.

It really is the white elephant of the property boom in brum. People were camping over night to "snap up" these apartments and many now wish they hadn't. Premium prices, tiny wedge shaped rooms, no parking.

I bet its gonna be a sweat box in there over the next week.

Link to comment
Share on other sites

Guest sillybear2
I liked it. Mind you, i liked Corby town centre too. These 60/70s shopping centres are coming rare, think i'll have to go to Basingstoke or Cumbernauld, they look 'unregenerated'

Make sure you look up, didn't the old Bullring and places like Trinity Square have a tendency to rain down concrete blocks and cladding on ungrateful shoppers?

Link to comment
Share on other sites

  • 2 years later...

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.