Studio flat · B16 8EQ
To rentListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Reference: 3064522. We are delighted to offer this one bedroom studio penthouse apartment, in the thriving and sought after Broadway Plaza complex.
Including a large private outdoor terrace, the apartment is located on the 5th floor of Purple Apartments, includes underground parking and is very close to the shops, gyms, cinema's bars and restaurants of Ladywood Middleway, Broad Street, Brindley Place and Birmingham City Centre.
The apartment would suit a couple, or single occupant looking for city centre living at an affordable price and can be offered furnished, unfurnished or somewhere in between!
Benefiting from a cosy living space with open plan kitchen that boasts a built in fridge freezer, cooker, hobs, and washing machine.
The semi-separate bedroom is also a good size and includes a built in wardrobe.
Morrisons, the nearest supermarket, is just a two minute walk away and there is a gym, cinema, bowling alley, restaurants, takeaways and coffee shop within the complex.
Five Ways train station is within 0.5 miles and Birmingham New Street station is just 1.2 miles away.
The council Tax Band is D while the apartment previously had an EPC rating of D, with a new rating currently being obtained.
The apartment is managed by the landlord (no agency) and expected to rent quickly, so please get in touch to arrange a viewing.
Note: Pictures have been slightly enhanced by ai but are a true representation of how the apartment currently looks.
Summary & Exclusions: - Rent Amount: £900.00 per month (£207.69 per week) - Deposit / Bond: £900.00 - 1 Bedrooms - 1 Bathrooms - Property comes furnished or unfurnished (tenant can decide) - Available to move in from 06 November 2026 - Maximum number of tenants is 2 - Students welcome to enquire - Smokers considered - Bills not included - Property has parking - No Garden Access - EPC Rating: Currently Being Obtained If calling, please quote reference: 3064522 Fees: You will not be charged any admin fees.
** Contact today to book a viewing and have the landlord show you round! ** Request Details form responded to 24/7, with phone bookings available 9am-9pm, 7 days a week.
OpenRent endeavours to make all property particulars as accurate and reliable as possible, however if you require any further clarification or information please contact us.
When applying for a tenancy using the Rent Now process, you will be required to pay one month's rent and any deposit before moving in.
This will be paid to OpenRent and released to the landlord once you have moved in. With OpenRent there are no administration fees to pay.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 The Purple Apartments Bro, Ladywood Middleway, Birmingham
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