1-bedroom flat · B16 8WG
Listing removedReduced £5k (−5.3%) on 28 AugListed 693 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** no upward chain ** city center location ** modern development ** best suited to investors and cash buyers Oakmans are delighted to offer a modern, beautifully presented, studio apartment situated within the highly popular Bank development, Sheepcote street.
This property boasts no upward chain and a modern living arrangement, briefly comprising entrance hall, open plan, modern living space and kitchen, bathroom and large integral storage cupboard.
Property type: Tenure: Leasehold Years Left on Lease: 246 Years Service Charge: £1350 Per Annum Ground Rent: £350 Per Annum Ground Rent Review Period: Tbc Ground Rent Review Amount: Tbc Next Ground Rent Review: Tbc Council Tax Band: C EPC Rating: C Construction Type: Standard - Cladded Parking Arrangements: Tbc Broadband: Fibre Mobile Signal Coverage: 5G Water Supply: Mains Sewerage: Mains Electric: Mains Heating Supply: Electric Please note that this information has been given by the current owner and should be verified by your legal representative.
Oakmans Estate Agents cannot be held responsible if the information is incorrect Call Oakmans today!
Anti-money Laundering Checks (aml) Regulations require us to conduct identity and aml checks and gather information about every buyer's financial circumstances.
These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract.
The rules are set by law and enforced by trading standards. We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £100 (plus VAT).
This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. It's paid in advance via our onboarding system, Kotini, and is non-refundable.
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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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 98, 60, Sheepcote Street, Birmingham
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