1-bedroom flat · B24 9EQ
Sold STCReduced £25k (−35.7%) on 10 SepListed 70 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenanted achieving £875PCM (13% yield) Nexus Point provides an ideal solution for professionals who desire luxury apartment living within a convenient location and with an affordable price tag.
Its location, close to rail transportation links makes it very convenient for those looking for a short commute to Birmingham City Centre. Tenanted achieving £875pcm (13% yield)!
A modern development by the developer Seven Capital, Nexus Point is an office block conversion of 85 apartments within Erdington's focal point.
Each apartment has been crafted in both layout and specifications. The emphasis is on the luxury design and the clean contemporary lines without compromising attention to detail.
Apartment specifications provide superb, generously proportioned open plan designs including: * Integrated kitchen appliances to include oven, hob, extractor, dishwasher, washer/dryer and fridge/freezer.
* Wood effect flooring to lounge, kitchen and hallway. Carpet to bedroom. Luxury vinyl to bathroom. * Full height wall tiling around bath/shower. * Ladder style polished chrome heated towel rail.
* Brushed stainless steel and chrome ironmongery throughout. * Hardwood veneered, solid core entrance door with spy hole. * Hardwood veneered internal doors throughout. * Audio intercom system.
* Low energy LED down lighters to kitchen area.
Rooms Open Plan Lounge/Kitchen Bedroom Shower Room Store Cupboard Outside Allocated Parking leasehold information: Service Charge: £2,414 pa Ground Rent: £280 pa Lease length: 150 years from 1 Jan 2019 Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed.
Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
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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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 Flat 809 Nexus Point, 10, Edwards Road, Birmingham
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