2-bedroom flat · B3 1PP
Sold STCListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*EWS1 APPROVED NO CHAIN* A well-presented two-bedroom first floor apartment situated in the popular Octahedron development, with an allocated parking space in the secure gated complex and being offered with no onward chain.
The devlopment is accessed via a security door into the communal foyer and the first floor can be reached via the stairs or lift.
The apartment has a private entrance opening up into the entrance hallway, the is a large open plan lounge/kitchen/diner with a range of floor and wall mounted units and space for appliances, master bedroom with built in wardrobes, second double bedroom and afamily bathroom.
The aprtment has an allocated parking space with is situated in the secure gated complex under the development. Property Information Tenure - Leasehold Length of lease - 109 years remaining.
Service charge - £3,135 per annum. Ground rent - £250 per annum. Local authority - Birmingham city council. Council tax band - D EPC rating - C
Value & comps
No previous sales on record.
Returns
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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 George Street, Birmingham, B3
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