1-bedroom flat · B16 8JA
For saleReduced £20k (−16.7%) on 1 OctListed 670 days
Opportunity summary
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About
| turnkey investment opportunity | Great Location in City Centre | Spacious 19th Floor 1 Bed Apartment | Tenanted, Circa 9% Yield | Apartment Coming with Modern Finishes and All White Goods | Contact Essence for Further Information | One hagley road One Hagley Road, B16 8JA, is a residential development located in the heart of Birmingham.
The building, also known as Metropolitan House, offers stunning city views and features a range of amenities, including a 24-hour concierge service and secure intercom entry system.
Five Ways, located in the Edgbaston area of Birmingham, has a rich history dating back to the 18th century.
Early History (1700s-1800s) The area now known as Five Ways was originally a rural crossroads, where five roads converged.
The roads connected Birmingham to surrounding towns and villages, including Hagley, Harborne, and Kidderminster.
Residential Development (1800s-1900s) During the 19th century, Five Ways underwent significant residential development.
Many large houses were built in the area, attracting wealthy industrialists and professionals. The area became known for its elegant architecture and tranquil atmosphere.
Commercial Growth (1900s-1950s) In the early 20th century, Five Ways began to experience commercial growth.
Shops, cafes, and restaurants opened along the main roads, catering to the local residential population.
The area also became a hub for the city's medical community, with the establishment of several hospitals and clinics.
Post-War Redevelopment (1950s-1970s) Following World War II, Five Ways underwent significant redevelopment.
Many of the original Victorian houses were demolished to make way for new office buildings, shops, and residential developments.
The construction of the Five Ways roundabout and ring road also transformed the area's transportation infrastructure. Modern Era (1980s-Present) In recent decades, Five Ways has continued to evolve.
The area has seen significant investment in new office developments, residential apartments, and retail spaces.
The establishment of the nearby Broad Street and Brindleyplace areas has also contributed to Five Ways' growth as a commercial and leisure hub.
Today, Five Ways is a thriving and cosmopolitan area, offering a unique blend of history, culture, and modern amenities.
Kitchen 14' 6" x 6' 11" (4.443m x 2.120m) After walking through your homes threshold, you are greeted by a spacious living area, with a widespan kitchen.
The kitchen comprises of an integrated full size fridge-freezer, oven and electrical hob. There is also a great pantry space on the right hand side, suitable for all of your storage needs.
The kitchen also allows access to the dishwasher and washer-dryer. Living room 14' 8" x 13' 11" (4.488m x 4.252m) The living space comprises of a corner sofa, glass dining table and chairs.
The living space has warm wooden floors that contrast well with the bright walls. The clear sky views from the living space will leave you speechless and for that reason, viewing is highly advised!
Bedroom 10' 5" x 10' 2" (3.188m x 3.116m) The bedroom contains a double bed and mattress, tall wardrobe and side tables on each side of the bed.
The highly placed windows allow for maximised sunlight to the room, unless you wish to shut the curtains to wind down in the evening. Ownership - 100% Tenure - Leasehold.
We are advised by the vendor that there is approx. 105 years remaining on the current lease. Service Charge- We are advised by the vendor that the current service charge is approx.
£1,576.22 per annum. Ground Rent - We are advised by the vendor that the current ground rent is approx. £250 per annum.
*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.
Services - Mains Water, mains electricity and mains drainage Local Authority- Birmingham City Council, Council House, Victoria Square, Birmingham, B1 1BB Council Tax Band - C
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 1901, One, Hagley Road, Birmingham
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