Birmingham, Jewellery Quarter

2 Bedroom Apartment

£195,000

£30,000

below indicative market value

Available Price

£195,000

Indicative Market Value

£225,000

Difference

£30,000

Below Market

13.3%

The Opportunity

A converted period apartment in the Jewellery Quarter, offered below its indicative open-market valuation by a vendor consolidating holdings ahead of a wider refinance.

Property Details

Bedrooms: 2
Bathrooms: 1
Tenure: Leasehold — 125 years remaining
Approximate size: 668 sq ft
Current status: Tenanted — £1,350 PCM
Estimated rental income: £1,350 PCM
Council tax: Band C
Service charge: £1,600 per annum

Location

The Jewellery Quarter continues to attract long-term tenants, with direct Metro links into Birmingham city centre and Snow Hill.

Jewellery Quarter, Birmingham

Map available on request

The Numbers

Purchase Price£195,000

Indicative Market Value£225,000

Estimated Difference£30,000

Estimated Monthly Rent£1,350 PCM

Estimated Gross Yield8.3%

Market values, rental estimates and potential returns are indicative only and should not be treated as guarantees. Buyers should conduct their own independent valuation, legal and financial due diligence before purchasing.