We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom house · B3 1SW
Sold STCListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investment Opportunity - Secure City Centre Parking Space An exceptionally rare opportunity to acquire a secure, covered leasehold parking space in the highly sought after Millennium Apartments on Newhall Street, right in the heart of Birmingham City Centre.
Ideal for investors, city centre professionals, or local residents seeking convenient and secure parking, this space offers 24-hour access within a gated development, just moments from Birmingham's prime business, retail and leisure districts.
The parking space benefits from excellent security features including CCTV surveillance, gated entry and an on site concierge service, providing peace of mind and ease of access at all times.
Covered parking adds further protection and convenience, making this a valuable long-term asset in a location where parking demand continues to grow.
A unique advantage is that ownership of the parking space is completely independent from apartment ownership, allowing for flexible purchase and rental opportunities.
Key Features: * Secure covered parking space in Birmingham City Centre * Prestigious Millennium Apartments, Newhall Street location * 24-hour access * Gated secure entry system * CCTV and concierge service * Excellent investment or owner-occupier opportunity * Ownership independent of apartment ownership * 125-year lease from 1 March 1988 (approximately 89 years remaining) * Ground rent: £50 per annum A rare city centre asset with strong rental potential and long term demand.
Early viewing advised.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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.
Area
Agent & docs
FAQ
About Car Park - Newhall Street , Millennium apartments, Birmingham City Centre, West Midlands, B3
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