2-bedroom flat · B1 1GB
For saleListed 667 days
Opportunity summary
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About
*Selling with tenant in-situ* A Stunning Luxury Apartment in the Axium Building.
The apartment is finished to a high standard throughout, property comprises of a open plan living room which is light and airy due to the floor to ceiling windows, also giving a view of the city.
Axium building is situated close to many local amenities including Grand Central Station, The Mailbox and The Bullring, as well as Arena Central, home to the new HSBC Headquarters and Chamberlin Square which will be home to pwc.
Windmill Street in Birmingham has a rich history dating back to the 18th century. The street was once home to Chapman's Windmill, a notable landmark in the area.
Although the exact date of the windmill's construction is unknown, it's believed to have been built before 1778, as it appears on a map from that year 1.
The windmill was likely used for grinding grain, but by the mid-19th century, it had fallen into disuse. The windmill was eventually demolished, and the site was redeveloped 1.
In addition to the windmill, Windmill Street was also home to several pubs, including the Dog and Duck, which was located on the corner of Exeter Road and Holloway Head 1.
Another pub, the Wheatsheaf, was also situated on Windmill Street 2. Today, Windmill Street is a bustling area with a mix of residential and commercial properties.
While the windmill and many of the old pubs are gone, the street still retains some of its historic charm 3. Living room / kitchen 204.5 sq ft discover the wonders of this bustling metropolis.
Your opportunity to explore A vibrant city, where amenities are just A heartbeat away. This Axium Apartment is a high-end apartments designed with comfort and style in mind.
From airy open plan living to luxury specifications, it has been designed with all the functionality and high standards expected from city centre living.
Main bedroom 13' 1" x 10' 3" (3.99m x 3.12m) unwind in peaceful tranquility. The light and airy bedrooms have been designed for comfort and calm.
Wake up energised and invigorated after the perfect nights sleep, ready for whatever your day brings.
• Desso Asteranne Carpet • High quality built-in wardrobes in master bedrooms • Master bedrooms with en-suite bathrooms • Sky/Sky Q+ TV sockets in the living room linked to the bedroom • Energy Efficient downlighting ensuite shower room 6' 9" x 6' 8" (2.06m x 2.03m) place to refresh and unwind White bathroom suites comprising of Porcelanosa suite plus bath with mixer tap, Iow profile shower tray with thermostatic shower and glass/chrome shower door.
White bathroom suites comprising of Porcelanosa suite Iow profile shower tray with thermostaticshower and glass/chrome shower door • Concealed cistern dual flush Porcelanosa, WC • Porcelanosa nk Urban 50cm basin with single lever basin mixer with pop up waste • MarmolGris (en-suite) floor tiles • Marmol Gris (en-suite) wall tiles • Chrome heated towel rail • Extractor fan bedroom two 11' 8" x 9' 0" (3.56m x 2.74m) unwind in peaceful tranquility.
The light and airy bedrooms have been designed for comfort and calm. Wake up energised and invigorated after the perfect nights sleep, ready for whatever your day brings.
• Desso Asteranne Carpet • Sky/Sky Q+ TV sockets in the living room linked to the bedroom • Energy Efficient downlighting family bathroom 7' 4" x 6' 9" (2.24m x 2.06m) refresh and relax.
Your bathroom will be the perfect place to prepare you for a busy day and to welcome you at the end too. Everything on hand and finished to a beautiful, high quality standard.
White bathroom suites comprising of Porcelanosa suite plus bath with mixer tap thermostatic with shower over bath and glass/chrome shower screen • Concealed cistern dual flush Porcelanosa, WC • Porcelanosa nk Urban 50cm basin with single lever basin mixer with pop up waste • Porcelanosa Carrera Blanco Brillo floor tiles • Porcelanosa Marmol Carrera • Chrome heated towel rail • Extractor fan Tenure- Leasehold.
We are advised by the vendor that there is approx.248 years remaining on the current lease. Service Charge- We are advised by the vendor that the current service charge is approx. £1,455annum.
Ground Rent- We are advised by the vendor that the current ground rent is approx. £350.00 per annum.
* Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed.
Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
Services- Mains Water, mains electricity and mains drainage Local Authority- Birmingham City Council, Council House, Victoria Square, Birmingham, B1 1BB 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Essence has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Essence has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 506 Axium, 40, Windmill Street, Birmingham
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