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See how verdicts work2-bedroom flat · B15 2DR
For saleReduced £75k (−27.3%) on 13 OctListed 471 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no upward chain is this well appointed second floor apartment, situated on the edge of the City Centre close to Five Ways Railway Station and being an ideal first time purchase or investment.
With two bedrooms and allocated parking space.
Ep Rating C Council tax - band C Tenure : Leasehold A modern second floor apartment superbly situated for access to the City Centre amenities and Five Ways Railway Station.
The property is accessed via electronically operated security gates leading to a central courtyard with an allocated parking space and communal gardens.
A communal entrance door with security entry system leads to the entrance foyer with lift and stairs to the second floor.
A solid entrance door leads to the reception hall with double doors to a cloaks/storage cupboard housing the heating system and doors lead in turn to the following accommodation.
The impressive open plan living space and kitchen has floor to ceiling windows to the front and side, wood effect laminate flooring and the kitchen is fitted with a range of white high gloss base and drawer units with inset sink unit, matching wall units, integrated stainless steel oven and electric ceramic hob with concealed extractor fan above, integrated dishwasher, washer/dryer and fridge freezer and inset spotlighting.
There are two double bedrooms with double glazed portrait windows and fitted double wardrobes with mirrored sliding doors.
Bedroom one has access to an en-suite bathroom with white suite including a shower over the bath and large vanity mirror.
There is a separate shower room with white suite to include a large double shower. Allocated parking space.
The consumer protection regulations These details are for guidance only and complete accuracy cannot be guaranteed.
If there is any point which is of particular importance, verification should be obtained before viewing.
The Agent has not tested any apparatus, equipment, fixture or fittings or services and so cannot verify that they are connected, in working order or fit for the purpose intended.
Items in photographs are not necessarily included. All measurements are approximate. These details do not constitute a contract or part of a contract.
The Agent has not checked legal documents to verify the Freehold/Leasehold status of the property or that necessary planning permissions have been obtained.
Interested parties are advised to obtain verification from their solicitor or surveyor.
Money laundering regulations Under government regulations we are required to carry out prescribed identity checks on all purchasers and also obtain precise details of funding for their purchase.
This must be done before agreeing a sale. We will carry out these checks, electronically and as soon as you make an acceptable offer on a property.
There is a charge of £36 for one person and £54 for two or more. Prices are inclusive of VAT and are non-refundable.
Floor plans Where shown, the plan is for illustration purposes only and is not to scale.
The floor area shown is taken from the EPC calculations and is therefore approximate and will include only habitable areas.
Property information questionnaire A copy of the Property Information Questionnaire is available about this property at our office.
This has been completed by the Seller to provide comprehensive information about the property which will be of relevance to any intending Purchaser.
Fixtures and fittings Only those items mentioned in these particulars are included in the sale. All other items are excluded.
General advice All interested parties should check availability and explore the situation of a property on Google Earth/ Google Street Maps Street View before viewing. Viewings are via the Agents.
Referral fees Referral fees may be paid to us for referring clients to mortgage, insurance, surveying and conveyancing services which can range from £50 to £200.
Reception Hall Open Plan Living Space/Kitchen (7.34m x 3.96m (24' 1" x 13' 0")) Bedroom One (4.6m x 2.77m (15' 1" x 9' 1")) En-Suite Bathroom (2.08m x 1.83m (6' 10" x 6' 0")) Bedroom Two (3.35m x 2.74m (11' 0" x 9' 0")) Shower Room (2.13m x 1.47m (7' 0" x 4' 10"))
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
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FAQ
About 16 Washington Apartments, 5, Lexington Gardens, Birmingham
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