2-bedroom flat · B1 3DB
For saleReduced £5k (−3%) on 30 JunListed 522 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a two-bedroom apartment in the ever-popular Jewellery Quarter.
The apartment comprises two double bedrooms, one family bathroom, an open-plan living room & kitchen as well as featuring a secure and allocated parking space located in the underground car park.
Westgate was completed in 2003 and is in an area of the Jewellery Quarter that has seen recent improvements and investment with new developments nearby adding to the desirability of the area.
This property is currently vacant, but could provide a potential gross yield of 8% with scope to improve with some minor updates.
The property is also available to owner occupiers so could make the perfect home for somebody wanting to reside in a desirable and well-located part of Birmingham.
Speak to the team for more information on this. Westgate offers spacious living for residents in a location close to the city centre yet in a quiet setting.
New Street Station is just 0.8 miles from the development, Snow Hill Station 0.7 miles and the Jewellery Quarter just 0.5 miles away.
Colmore Row and Centenary Square are around 0.6 miles away too, with plenty of bus & transport links nearby.
Location-wise, the Jewellery Quarter is perfect for city living as you are within an easy journey of city amenities, with the added benefit of escaping into a tranquil safe-haven within a matter of minutes.
While in the heart of Birmingham and a stone’s throw away from the city core, the Quarter does not have the grey, congested feeling that you would expect so close to the city.
In fact, it is very much a hidden neighbourhood with its own quaint charm and character that makes it so unique.
Approximate service charge: £2930.36pa Approximate ground rent: £100pa Approximate lease length: 101 years EWS1 status: Passed (B1) Parking: One secure and allocated parking space included Lounge Spacious lounge with views toward Brindleyplace Kitchen Spacious kitchen with washing machine, oven, hob, fridge & freezer Main Bedroom Generous double bedroom with plenty of room for furniture.
Second Bedroom Double bedroom perfect for guests or a work from home space Bathroom Bathroom with shower over bath Disclaimer - Purchasers are advised to check the measurements before committing to any expense as many of the measurements are taken directly from the developer’s original floorplans.
Changes or adjustments may have been made since, or the original measurements may have not been accurate.
- Apparatus, equipment, figures, fittings, goods or services have not been formally checked by FleetMilne. It is in the purchaser’s interest to check the working condition.
Access can be arranged in order to do so– please just request an additional visit via our team.
- The legal title of the property has not been checked by FleetMilne, purchasers are advised to instruct their solicitor to do this.
It is understood that FleetMilne may earn commission from a solicitor, licensed conveyancing company, insurance company, or mortgage company if successful in providing financial services to the Owner and/or the Purchaser of the Property, or anyone involved in the property chain.
This involvement should help us to follow the progress of the sale.
Value & comps
No previous sales on record.
Returns
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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 28, Westgate, 10 Arthur Place, Birmingham
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