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See how verdicts work1-bedroom flat · B4 6BJ
No longer listedListed 139 days
Opportunity summary
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About
Boutique 1-Bedroom Apartment | Historic Heritage Conversion | Colmore Business District, Birmingham Occupying one of Birmingham's most architecturally distinctive buildings, this beautifully restored Neo-Georgian civic landmark was designed by Herbert Humphries and opened in 1933.
Its Portland stone base, rich red brick façade, elegant sash windows, and arched ground-floor openings have defined the local streetscape for nearly a century.
Today, the building is being thoughtfully converted into just 59 individually designed boutique apartments — one of the most characterful residential conversions currently under way in Birmingham city centre.
This one-bedroom apartment forms part of that exclusive collection.
Because each residence has been designed around the building's original structure rather than against it, no two homes are identical.
Varying layouts, ceiling heights, proportions, and outlooks give every apartment a genuine sense of individuality — a quality that is increasingly difficult to find in modern residential developments.
The specification has been designed for both owner-occupiers and investors who expect quality throughout.
Kitchens feature bespoke handleless units with soft-close mechanisms, a full Bosch appliance suite including an induction hob, fan-assisted oven, integrated fridge-freezer and cooker hood, together with contemporary worktops and under-pelmet low-energy lighting.
Bathrooms are finished with luxury porcelain wall and floor tiles, chrome brassware, a demisting mirror cabinet with integrated lighting, and a heated chrome towel rail.
Herringbone-pattern lvt flooring runs throughout the living areas, while an air source heat pump hot water system, smart-compatible electric heating, and pre-wired gigabit fibre broadband provide modern convenience and efficiency.
Positioned within Birmingham's Snow Hill and Colmore Business District, residents benefit from immediate access to the city's primary commercial core and one of the UK's most significant financial and professional districts outside London.
Snow Hill Station is moments away, Birmingham New Street is within easy walking distance, and the future HS2 Curzon Street Station will further enhance connectivity.
Major employers including HSBC, Deloitte, Goldman Sachs, ey, kpmg, PwC, and Deutsche Bank all maintain a significant presence nearby, alongside more than 500 businesses and approximately 35,000 professionals.
This established employment base continues to support strong and sustained rental demand.
Birmingham's investment fundamentals remain among the strongest in the UK, with forecast rental growth of 18.8%, more than £370 million invested into the city's build-to-rent sector in 2025 alone, and the largest regional build-to-rent market outside London.
Combined with ongoing regeneration and future HS2 connectivity, the location offers compelling long-term growth potential.
Construction is under way with anticipated practical completion in September 2027.
The development benefits from approved planning consent, NatWest funding, completed land acquisition, Share of Freehold ownership, and an icw structural warranty.
A staged payment structure is available, comprising a £5,000 reservation fee, 10% deposit on exchange (less reservation fee), a further 5% payment in March 2027, and the balance payable upon completion.
A rare opportunity to secure a home within one of Birmingham's most distinctive heritage conversions in the heart of the city's thriving business district.
Key Facts: 1 Bedroom · Share of Freehold · 59 Units Total · Colmore Business District, B4 · Neo-Georgian Heritage Conversion · Bosch Kitchen Appliances · Herringbone lvt Flooring · Air Source Heat Pump · Smart Heating · Pre-Wired Gigabit Fibre · Video Entry System · Co-Working Space · Bike Store · Lift · Target Completion September 2027 · NatWest Funded · icw Warranty · Staged Payment Structure Available Energy Efficiency Rating EPC rating: Unknown
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.
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About 28, Steelhouse Lane, Birmingham
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