Summary - Apartment 103, 58, Water Street B3 1BJ
1 bed 1 bath Flat
Long-lease one-bed near Snow Hill — ideal buy-to-let in a central student rental hotspot..
- Long lease remaining (approximately 130 years)
- Chain free sale, suitable for quick investment purchase
- 5-minute walk to Grand Central / Snow Hill station
- Secure gated development with concierge and lift access
- Cladding-free building reduces common compliance risks
- High annual service charge (£1,899) and ground rent (£300)
- Electric room heaters — potentially higher running costs
- Very high local crime rate; on-street parking only
A long-lease, ground-floor one-bedroom apartment in the heart of Birmingham’s Water Street, offered chain free and ready for investment. The open-plan living area and fitted kitchen bring natural light into a compact 450 sqft layout, with a double bedroom and contemporary bathroom suited to city renters. The development is secure and gated with lift access and off-site concierge, and it sits within a five-minute walk of Grand Central/Snow Hill transport links.
This unit suits buy-to-let buyers targeting students and city centre professionals in a multicultural, high-demand rental neighbourhood. The 130-year lease and cladding-free building remove two common investor concerns; council tax is described as cheap, and the property is sold chain free, simplifying purchase. At the same time expect higher running costs from electric room heaters and a notable annual service charge (£1,899) plus ground rent (£300).
Important buyer considerations: the property is being sold at auction under the Modern Method of Auction. Bidders must review the Buyer Information Pack, pay a non-refundable reservation fee of 4.5% of the purchase price (minimum £6,600 inc. VAT), and allow for any optional service fees. The area records very high crime levels, and parking is on-street only — factors to weigh for tenant appeal and insurance costs.
Overall this is a straightforward, low-maintenance city-centre flat that offers immediate rental potential for investors prepared to manage higher service charges, electric heating running costs, and the auction purchase process.
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