2-bedroom flat · B1 3EG
For saleListed 1303 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing Treasure House, a new 5 storey development situated in the heart of Birmingham City Centre in the trendy Jewellery Quarter district.
The development will consist of 30 brand new apartments, an eloquent mix of 1,2 and 3 bedroom apartments with outside spaces and some stunning duplex apartments.
The project features extensive communal and landscaped gardens designed to provide tenants with ample outside space within the development itself.
Set for completion in Q4 2020, Treasure house will feature state of the art, high specification apartments built with tenants in mind.
Just a short walk away from the development residents can reach all the major landmarks in Birmingham City Centre including the business district, The Bull Ring, The Mailbox and Grand Central Station.
From an investment point of view this makes perfect sense for investors looking to capitalise on the growing Birmingham residential property market.
Service charges are reasonable at just £1,31 per sq ft and ground rent is 0.1% of the purchase price capped at £250.
Finance is available and investors require just 20% deposit on exchange within 28 days and then the balance payable with either cash or a mortgage on completion in Q4 2020.
Investment Highlights * Boutique development of just 30 apartments * Mix of 1,2 and 3 bedroom apartments * Completion Q4 2020 * Projected yields of 6% * £5000 reservation fee * 20% deposit on exchange, Balance on completion * Walking distance to prime sites in Birmingham City Centre * Communal landscaped garden area
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
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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 Tenby Street North, Birmingham
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