3-bedroom flat · B3 1HN
For saleListed 1233 days
Opportunity summary
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About
A fantastic penthouse apartment situated in the brand new Water Street development, now ready for immediate occupation, in the heart of the Jewellery Quarter.
Considered to be one of the last remaining Canal Fronted sites near Birmingham City Centre and located within the historic Jewellery Quarter, 63-64 Water Street offers a unique collection of luxury two and three bedroom apartments and penthouses all with views directly onto the canal.
The apartments, partly within the converted Canal Warehouse and partly new build, excuse luxury, style and sophistication and have been designed to maximise its unique canalised location by incorporating large floor to ceiling windows and Juliet balconies along the south facing elevation fronting the Canal.
Car parking is provided on site with all ten apartments having private parking with provision for electric charging points.
The interiors have all been carefully considered with great attention paid to detail in order to create an effortless blend of old and new which is both timeless, up-to-date and practical.
The generous proportion of the old Warehouse have been followed through into the new build section and have allowed the design team to create spacious and light internal spaces which are at the same time warm and inviting.
The Apartments are contemporary in design with the occasional reference to the industrial heritage of the original Warehouse.
Features include contemporary kitchens with all the latest appliances and breakfast bar/islands, clean and opulent bedrooms with ample storage and fully tiled bathrooms and en-suites.
The Jewellery Quarter with its rich industrial heritage, sits within the close knit streets between Icknield Street and Great Hampton Street.
63 Water Street sits alongside the Birmingham and Fazeley canal running through its centre.
The new canal network transformed the once gentrified, rural district owned by the Colmore estate and home to small terraced houses surrounding St Paul's church back in the early 1700ís, into a thriving industrial area with warehouses being built along its banks, homes to the new industries that flourished through this new revolution.
Gun Making, metal rolling and casting, heavy industries sat alongside the fine crafting businesses and enterprises flourishing in back to back houses in the ever-growing network of streets.
Residents of Water Street back in 1861 included a button maker, brass founder, jeweller, weighing-machine maker, cooper, carpenter and a gun maker, all living and often working in their homes.
The opportunity to acquire precious stones for an affordable price in the 19th century along with access to the tools and skills helped it to grow into a centre of creativity with over a third of all British jewellery still being made in Birmingham City Centre today.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Apartment 63-7,, Water Street, Birmingham
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