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See how verdicts work1-bedroom flat · B12 0AJ
For saleReduced £10k (−7.7%) on 26 MayListed 359 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
DESCRIPTION Located within The Forge, part of the popular Park Works development in Birmingham's vibrant B12 / Digbeth district, this spacious one-bedroom apartment offers an excellent opportunity for both investors and owner-occupiers.
Ideally positioned close to the Bullring Shopping Centre, major business districts, and Birmingham's rapidly developing Digbeth creative quarter, the apartment benefits from excellent transport links and continued rental demand from professionals working in and around the city centre.
Residents of the development benefit from 24-hour security, CCTV coverage, and access to a communal rooftop garden, providing additional comfort and lifestyle amenities within the building.
The property is currently achieving £800 PCM (unfurnished), with potential to increase to approximately £850 PCM, representing a gross yield of around 8.5% at the current asking price and providing a ready-to-let investment opportunity.
The service charge covers building maintenance, lift servicing, communal cleaning, 24/7 security services and CCTV coverage, and management of the development.
With a practical layout and low day-to-day management requirements, the property represents an appealing buy-to-let investment, while also offering an excellent opportunity for those seeking a first home in a well-connected and vibrant city location.
JAMES LAURENCE ESTATE AGENTS Agents Note: We have not tested any of the electrical, central heating or sanitary ware appliances.
Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale.
All room measurements and mileages quoted in these sales particulars are approximate.
All material information stated below has been provided by our client, but we would request all information to be verified by the purchaser's chosen solicitor.
Fixtures and Fittings: All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded.
However, we would always advise that this is confirmed by the purchaser at the point of offer. Tenure: Leasehold Services: All mains' services are connected to the property.
Local Authority: Birmingham City Council Council Tax Band: B Service Charge: £3200 Per Annum Ground Rent: £199 Per Annum Ground Rent Review Period: Every 10 Years Length of Lease: 124 years remaining To complete our comprehensive service, James Laurence Estate Agents is pleased to offer the following:- Free Valuation: Please contact the office on to make an appointment.
Residential Lettings and Management: If you are interested in letting out your property or are considering renting a property, please contact our office to find out further information.
Conveyancing: Very competitively priced rates agreed with our panel of local experienced and respected Solicitors. Please contact this office for further details.
Financial Services: James Laurence Estate Agents work with an independent Mortgage Service offering face to face mortgage advice to suit your needs.
Please contact the office on to make a free appointment.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Forge, Park Works, 262 Bradford Street
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