Summary - Apartment 103, 58, Water Street B3 1BJ
1 bed 1 bath Flat
Affordable central buy-to-let close to major stations and city amenities.
- Long lease remaining (about 130 years)
- Cladding-free secure gated development with concierge
- 5-minute walk to Grand Central and Snow Hill stations
- Compact open-plan living; approx. 450 sq ft
- Sold at auction; 4.5% reservation fee (min £6,600)
- Heating: electric room heaters, no central heating
- Service charge ~£1,899 pa; ground rent £300 pa
- No allocated parking; local area records very high crime
A compact, modern one-bedroom apartment in the heart of Birmingham’s city centre, offered chain-free with a long lease of approximately 130 years. Situated in a cladding-free, secure gated development with lift access and off-site concierge, the flat is a short walk from Snow Hill and Grand Central transport hubs — making it straightforward to let to students or city professionals.
The open-plan living space and fitted kitchen maximise usable floor area across roughly 450 sq ft. The development is low-maintenance and contemporary, and the flat benefits from double glazing and strong mobile and broadband coverage. Annual outgoings include a service charge of around £1,899 and ground rent of £300.
This lot will be sold at auction using the Modern Method of Auction: buyers should budget for a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600 incl. VAT) and view the Buyer Information Pack before bidding. Heating is by electric room heaters rather than a central system, there is no allocated parking, and the local area records very high crime levels — all factors that affect letting and management costs.
Overall, the property represents an affordable, central buy-to-let opportunity with long lease security and immediate rental appeal, suited to investors prepared to manage urban lettings and factor in auction fees and running costs.
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