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See how verdicts work2-bedroom flat
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
At 831 sq ft, this two bedroom, two bathroom apartment sits on the fourth floor of a former barristers' chambers, built in 1963 to 1964 in the classical Inns of Court courtyard style and converted into 70 apartments.
The layout suits a couple, two sharers or a professional with a home office. The kitchen comes with an integrated dishwasher, washer/dryer and fridge/freezer.
Bathrooms use Villeroy & Boch sanitaryware, with a bath as well as a shower.
Flooring is lvt with carpet in the bedrooms, backed by WiFi controlled electric heaters, mvhr ventilation, sprinklers and acoustic treatment.
The building has a central courtyard with terraces, keypad entry and video intercom. Snow Hill station, the Colmore Business District and HS2 Curzon Street station are each about four minutes' walk.
The Jewellery Quarter is 10 minutes on foot, and New Street station and the Bullring are 12. For investors, the area is in the middle of a long regeneration programme.
Colmore supports over 35,000 jobs, and HS2 is planned to bring London within 49 minutes. At £2,058 to £2,432 a month, this apartment offers a potential gross yield of 5.5% to 6.5% on £449,000.
Lease length, ground rent, service charge and completion date are to be confirmed. Steelhouse Lane, Birmingham B4 6DR. Tenure: To be confirmed. Council tax band: To be confirmed.
EPC rating: Not yet issued Kitchen Fitted kitchen with laminate worktops. Integrated electric cooker, hob and extractor, plus integrated fridge-freezer, dishwasher and washer-dryer.
Brushed stainless steel sockets and switches with usb charging points. Low-energy recessed LED downlights and under-cupboard LED lighting.
Lvt flooring Master Bedroom Carpeted master bedroom with pendant lighting and brushed stainless steel sockets including usb charging points.
Enhanced acoustic windows and additional noise reduction to floors and walls. Digital aerial Freeview TV point.
Electric wifi-controlled heater Bedroom Carpeted second bedroom with pendant lighting and brushed stainless steel sockets including usb charging points.
Enhanced acoustic windows and additional noise reduction to floors and walls. Digital aerial Freeview TV point.
Electric wifi-controlled heater Bathroom Villeroy & Boch sanitaryware with mains pressure hot water, shower tray and screen. Ceramic tiling to bathroom and wet-area walls.
Low-energy recessed LED lighting.
Contemporary door with brushed stainless steel ironmongery Bathroom Second bathroom with Villeroy & Boch sanitaryware, mains pressure hot water, shower tray and screen.
Ceramic tiling to bathroom and wet-area walls. Low-energy recessed LED lighting.
Contemporary door with brushed stainless steel ironmongery Living Room Living area with lvt flooring and pendant lighting. Enhanced acoustic windows and noise reduction to floors and walls.
Digital aerial Freeview TV point. Keypad entry and video door intercom with CCTV to the building.
Virgin/BT fibre connection Disclaimer These particulars are for general guidance only and do not form part of any contract or tenancy agreement.
Vale & Mercer has not tested any apparatus, equipment, fixtures, fittings or services and cannot confirm they are in working order.
All measurements, distances, floor plans and areas are approximate and should not be relied upon when ordering fitted items or carpets.
Prospective purchasers and tenants should satisfy themselves, or obtain independent professional verification, of any information provided.
All tenancy applicants are subject to referencing and Right to Rent checks in accordance with the Immigration Act 2014, and any deposit taken will be protected in a government-approved scheme within 30 days of receipt, with the Prescribed Information provided in writing.
Photographs may include items not included in the sale or tenancy and may be taken using a wide-angle lens
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.
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