Compact, income-producing city flat ideal for buy-to-let investors.
- One-bedroom third-floor apartment in Jewellery Quarter
A compact one-bedroom third-floor apartment in Heaton House, located in Birmingham’s Jewellery Quarter. The flat is currently let until March 2025 at £950 pcm, offering immediate rental income and a gross yield of about 6.3% at the guide price of £180,000. The open-plan layout, modern fitted kitchen with integrated appliances, contemporary bathroom and large windows suit city-living or continued buy-to-let use.
The building is a converted industrial warehouse with period character and loft-style appeal. The flat benefits from double glazing, electric heating and fast broadband — practical for tenants and short-term renters. Total internal area is approximately 423 sq ft, so the apartment is best suited to a single occupant or couple rather than a family.
Important sale details: the property is offered via auction (Modern Method). Buyers must complete within 56 days, pay a non-refundable Reservation Fee of 4.5% (minimum £6,600) plus a Buyer Information Pack fee of £349. The tenure is leasehold with 249 years remaining; service charge averages £1,100 and council tax is moderate. These costs and auction fees should be factored into purchase and yield calculations.
Overall this is a straightforward investment lot in a well-known central location with immediate income and long lease security. The flat’s small footprint and service costs limit owner-occupier flexibility but make it a clear option for investors seeking city-centre rental exposure.
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