2-bedroom flat · B12 0AF
For saleListed 14 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Robert Aston & Company are pleased to offer to the market this modern 3rd floor apartment which is conveniently situated for access to Birmingham City Centre.
The property, built around 2017, is a 2 bedroom apartment situated on a development of around 313 apartments set around a central square across 4 blocks of 5 to 6 storeys in height.
Situated on the third floor, it would ideally suit investor or first time buyers. Please note according to the vendor the developer has pledged cladding remediation to acquire EWS1 certification.
Please ask for further information. Main particulars hallway Having front door. Central heating radiator Laminate flooring. Central heating programmer. Two recessed ceiling spotlights.
Door into useful utility cupboard having space and plumbing for washing machine, gas meter, water meter, fuse box and ceiling light.
Lounge with open plan kitchen Measuring overall 2'1 x 10'3 Lounge area Having double glazed window looking onto Cheapside. Central heating radiator. Laminate flooring. Ceiling light.
Kitchen area Being fitted in a range of base units in high gloss white and dark grey roll top work surfaces. Comprising: Stainless stell sink unit with mixer tap and drainer to side.
Double base unit cupboard under. Single base unit. Integrated fridge freezer. Integrated electric hob and electric oven. One and a half base unit. Cupboard concealing Ideal gas central heating boiler.
Chrome chimney style extractor hood. Family bathroom Having suite in white comprising: Vanity unit mounted wash hand basin which mixer tap. Low flush WC.
Panelled bath with mixer tap and shower attachment. Beige ceramic tiling to bath area. Ceramic tiled floor. Chrome towel radiator. Two recessed ceiling spotlights.
Bedroom one Measuring 13'0 x 9'6 maximum to side of angled door Having double glazed window looking onto Cheapside. Door off hallway. Central heating radiator. Ceiling light.
Three double power points. Door into: Ensuite shower room Having suite in white comprising: Wall mounted wash hand basin with mixer tap. Low flush WC.
Shower cubicle with sliding door and mixer shower. Beige ceramic tiles to shower area. Ceramic tiled floor. Two recessed ceiling spotlights. Chrome heated towel radiator.
Bedroom two Measuring 14'1 x 9'6 maximum to side of angled door. Having door off hallway. Double-glazed window looking onto Cheapside. Central heating radiator.
Three double power points.Ceiling light. Additional information Tenure: Leasehold. We are advised that the property is leasehold having 113 years remaining.
However, we have not checked the legal title to the property and all interested parties should obtain verification through their Solicitor or Surveyor before committing to purchase the property.
Service charge: £2,500 per annum ground rent: £350 per annum managing agents: Centrick Management council tax band: Band C.
(According to the Direct Gov website ) local authority: Birmingham City Council parking (If Applicable): One allocated parking space.
Services: Robert Aston and Company understands from the vendor that all mains drainage, gas, electricity and water are connected to the property but have not obtained verification of this.
Any interested party should obtain verification of this information through their Solicitors or Surveyors before committing to purchase the property.
Fixtures and fittings: Only as detailed in sales particulars. Viewings: Strictly by prior appointment.
Agent note: We have not been able to verify whether historic works to the property required any necessary Planning or Building Regulation approval, or whether such approvals were obtained.
The vendor has provided the information relating to the above.
Robert Aston and Company would stress that they have not checked the legal documentation to verify the status of the property or the information provided by the vendors and would advise any potential buyer obtain verification from their solicitor.
General Information - Robert Aston & Company have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify that they are in working order, fit for their purpose, or within ownership of the sellers.
Robert Aston & Company have not checked the title or the legal documents to verify the Freehold/Leasehold status of the property.
The buyer is advised to obtain verification from their Solicitor or Surveyor. Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed.
If there is any point, which is of particular importance to you, we will be pleased to check the information for you. These Particulars do not constitute a contract or part of a contract.
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 advisors 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 3304 The Drapery, Lombard Street, Birmingham
Explore nearby