Summary - Apartment 603, 2, Masshouse Plaza B5 5JE
1 bed 1 bath Apartment
Let‑ready studio with strong gross yield in the Learning Quarter.
EWS1 compliant; double glazing and fast broadband
Currently let at £850 pcm — immediate income
323 sq ft studio — small but city-centre compact
Gross yield about 7.85% before charges
Service charge ~£3,400 pa; reduces net return
Ground rent £250 pa; lease 103 years remaining
Electric room heaters only — expect higher energy costs
Area: strong student demand but very high crime rate
A compact, fully furnished studio in Birmingham’s Learning Quarter, offered with a current tenant paying £850 pcm. At 323 sq ft this apartment is built for city-centre living and suits an investor targeting student or young-professional lettings. The building is EWS1 compliant and double-glazed, with excellent mobile signal and fast broadband — helpful for lettings demand.
Financially the flat shows strong headline income: £850 pcm (£10,200 pa), which equates to a gross yield of about 7.85% on the £130,000 asking price. Buyers should factor in the notable running costs: an average service charge of £3,400 pa and ground rent of £250 pa will materially affect net return. The lease has 103 years remaining.
Practical points: heating is by electric room heaters (no communal gas), so energy costs may be higher than gas-heated flats. The area is a multicultural, student-focused neighbourhood with excellent transport links and many local amenities, but it has a very high crime rate and is classed as deprived — important for risk and insurance considerations. Council tax is described as cheap, and the property has no flooding risk.
This is a straightforward, let-ready investment near New Street and Moor Street stations with immediate rental income. It will appeal to investors seeking solid gross yield and hands-off tenancies, but buyers should run their own calculations for net yield after service charge, voids and management, and be comfortable with the neighbourhood profile and electric heating setup.
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