Summary - WASHINGTON APARTMENTS, 5 24 LEXINGTON GARDENS BIRMINGHAM B15 2DR
2 bed 2 bath Flat
Chain-free, gated development with allocated parking and long lease.
Two double bedrooms and two bathrooms, including ensuite
A well-presented two-bedroom, two-bath apartment in a gated Lexington Gardens development, offered chain-free and currently let until May 2025. The property includes a secure allocated parking space, an open-plan living area with corner aspect, and a main bedroom with ensuite. With a long lease (243 years) and contemporary finishes, it suits investors seeking city-centre rental stock or buyers wanting a low-fuss pied-à-terre.
Practical positives include off-street allocated parking, fast broadband and excellent mobile signal, plus easy walking access to The Mailbox, New Street Station and central amenities. The communal areas are described as well maintained with double lifts and a prominent entrance, supporting tenant appeal in a central B15 postcode.
There are important costs and local factors to note: an annual service charge of £3,961 and ground rent of £350, electric room heaters rather than gas central heating, and the property sits in an area with very high crime and very high deprivation. The apartment is currently generating £1,400 pcm, which equates to a gross yield around 6.35% at the asking price.
This is a straightforward, low-management opportunity for an investor wanting central Birmingham rental exposure, or for a buyer who values convenience and a secure parking space. Prospective purchasers should factor in running costs, local social indicators and the electric heating when assessing long-term suitability.
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