We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · B2 5RS
Listing removedListed 68 daysAuction 24 Dec · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
To be sold via Public Auction on Thursday 10th September 2026 at 6:30pm Village Hotel, Canley, Coventry CV4 9GZ Just turn up with 2 forms of ID (no need to pre-register) or register for online, proxy or telephone bidding.
GUIDE PRICE: £50,000 - £70,000 Well presented one bedroom first floor studio apartment with secure entry system and lift access. The building was the former Sun Alliance Bank and is Grade II listed.
Situated in the heart of Birmingham City Centre within the exclusive area of Temple Row and walking distance to New Street Station and local amenities. Potential to achieve yield circa 18% p.a.
once fully let. Leasehold with 126 years remaining. Ideal investment opportunity.
ACCOMMODATION FIRST FLOOR Hallway: Lounge area: 16 ft 4 in max x 9 ft 8 in max Kitchen: 9 ft 3 in max x 9 ft 2 in Bedroom: 13 ft 5 in max x 12 ft max Shower room: SERVICES AND HEATING Mains electricity, water and sewage are supplied to the property.
(No tests have been carried out and we are therefore unable to confirm connections.) Electric underfloor heating. EPC RATING - E COUNCIL TAX BAND - D TENURE Leasehold with vacant possession.
Term: 150 years from 24/12/2002 Ground rent: £200 p.a.
Service charge: £1,587.12 per 6 months Service charge period: 01/07/2026 - 31/12/2026 ADDITIONAL COSTS Administration Fee: £1,200 (£1,000 plus VAT) Buyers Premium: £1,200 (£1,000 plus VAT) Please see the legal pack for any further costs.
Tenure: See Legal Pack Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Apartment 4, Sun House, 9 Bennetts Hill, Birmingham, West Midlands B2 5RS
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