Summary - Apartment 1603, Metropolitan House, 1 Hagley Road, Birmingham, B16 8JA B16 8JA
2 bed 1 bath Flat
Strong rental yield with central location and growth potential.
Long-term tenant in situ producing £13,200 gross pa
This 2-bedroom, 676 sq ft leasehold flat sits on a high-rise in central Birmingham and is offered with a long-term tenant in place. The property is described as well maintained and benefits from an open-plan kitchen/living area, good broadband and mobile signal, and proximity to extensive local amenities and transport links.
Currently producing a gross income of £13,200 pa, the rent could be increased to an estimated £14,400 pa at market rates, giving purchasers a strong gross yield (around 11.7% current, c.12.7% at projected rent). The apartment's size and layout are typical for city high-rise stock and will suit buy-to-let portfolios or developers seeking stable income.
Buyers should note material considerations: the flat is leasehold, situated in a very deprived area with high local crime levels, and comes with a Buyers Premium to secure purchase. The property is tenanted, so no vacant possession is guaranteed on completion and any income uplift may require tenant agreement or re-letting.
Overall this is a straightforward investment lot for a buyer focused on cashflow and central location. The building’s urban setting and modernist high-rise form deliver good tenant demand, while the earnings profile offers immediate returns and room for modest rental growth after acquisition.
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