2-bedroom flat · B1 3JN
To rentReduced £50 (−4.5%) on 28 SepListed 63 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two bedroom apartment is located on the first floor of the ever-popular Farthing Place development in the Jewellery Quarter.
Offered on a furnished basis with a secure, allocated parking space included. Available end of August. EPC Rating D.
Permitted Payments And Tenant Protection Information - As well as paying the rent, Maguire Jackson also require you to make the following permitted payments.
• A holding deposit (a maximum of 1 week's rent); • Security Deposit (a maximum deposit of 5 weeks' rent for annual rent below £50,000, or 6 weeks' rent for annual rental of £50,000 and above); • Payments to change a tenancy agreement eg.
Change of sharer (£60 inc VAT); • Payments associated with early termination of a tenancy (capped at the landlord's loss or the agent's reasonably incurred costs); • Utilities (electricity, gas or other fuel, water, sewerage), communication services "telephone, internet, cable/satellite television), TV licence; • Council tax (payable to the billing authority); • Interest payments for the late payment of rent (up to 3% above Bank of England's annual percentage rate); • Reasonable costs for replacement of lost keys or other security devices.
• Contractual damages in the event of the tenant's default of a tenancy agreement; and • Any other permitted payments under the Tenant Fees Act 2019 and regulations applicable at the relevant time.
Tenant protection In addition to publishing relevant fees, lettings agents are also required to publish details of the redress scheme and Client Money Protection scheme they are members of: • Maguire Jackson are members of the The Property Ombudsman Scheme • Maguire Jackson are members of Client Money Protection (cmp) Client Money Protection Scheme
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
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FAQ
About 4 Farthing Place, 46, Newhall Hill, Birmingham
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