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See how verdicts work2-bedroom flat · B14 4HW
Sold STCReduced £5k (−3.1%) on 14 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented first floor apartment situated in a most convenient location offering accommodation comprising a spacious lounge, fitted kitchen/diner, two good size bedrooms, en-suite shower room, family bathroom, allocated parking space and communal gardens The property is set back from the road behind well maintained communal gardens leading to a communal car park with an allocated parking space.
A secure communal entrance door leads into a communal hallway with stairs rising to all floors, and on the first floor a private front door leads into Entrance Hallway With two ceiling light points, electric heater, two useful storage cupboards, UPVC double glazed window and doors leading off to Spacious Lounge - 4.3m x 3.7m (14'1" x 12'1") With double glazed window, electric heater, wood effect flooring, ceiling light point and electric fireplace with wooden surround Fitted Kitchen/Diner - 3.7m x 2.5m (12'1" x 8'2") Being fitted with a range of wall, drawer and base units with complementary work surfaces over, sink and drainer unit with mixer tap, four ring ceramic hob with extractor canopy over and inset electric double oven.
Space and plumbing for washing machine and dishwasher, space for fridge/freezer, tiling to splash prone areas, wood effect flooring, ceiling light point and a double glazed window Bedroom One - 3.6m x 3.5m (11'9" x 11'5") With double glazed window to front elevation, electric heater, ceiling light point and door to En-Suite Shower Room Being fitted with a three piece white suite comprising of a shower enclosure with shower attachment, pedestal wash hand basin and a low flush W.C.
Complementary tiling to water prone areas, tile effect flooring, electric heater and ceiling light point Bedroom Two - 3.5m x 2.1m (11'5" x 6'10") With double glazed window, electric heater and ceiling light point Family Bathroom - 2.1m x 1.7m (6'10" x 5'6") Being fitted with a three piece white suite comprising a panelled bath with shower attachment, pedestal wash hand basin and a low flush W.C.
Tiling to water prone areas, obscure double glazed window, electric heater and ceiling light point Tenure We are advised by the vendor that the property is leasehold with approx.
102 years remaining on the lease, a service charge of approx. £2,445.96 per annum and a ground rent of approx. £150 per annum.
We would advise all interested parties to obtain verification through their own solicitor or legal representative. EPC supplied by Vendor.
Current council tax band – B Property Misdescriptions Act Smart Homes have not tested any equipment, fixtures, fittings or services mentioned and do not by these Particulars or otherwise verify or warrant that they are in working order.
All measurements listed are given as an approximate guide and must be carefully checked by and verified by any Prospective Purchaser. These particulars form no part of any sale contract.
Any Prospective Purchaser should obtain verification of all legal and factual matters and information from their Solicitor, Licensed Conveyancer or Surveyors as appropriate.
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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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.
Area
Agent & docs
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FAQ
About Apartment 5, 1 Waterway Court, Birmingham
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