Summary - APARTMENT 2, HUB, 1 CLIVE PASSAGE B4 6HU
1 bed 1 bath Flat
High gross yield potential close to major transport and business hubs.
One-bedroom open-plan apartment, approx. 355 sq ft
A compact one-bedroom apartment close to Snow Hill and the Colmore Business District, offered chain-free and sold via auction. The property occupies about 355 sq ft with an open-plan living space, small bedroom, shower room and a balcony/large windows providing natural light. With 106 years remaining on the lease and no onward chain, it is straightforward to transact for a resale or lettings buyer.
This unit is well suited to investors targeting city-centre rental demand from professionals and students. Advertised potential gross yield around 9% reflects the low asking price of £75,000 and proximity to transport links. Mobile signal and broadband are reported as good, supporting lettings and short-term tenancies.
Buyers should factor in notable ongoing costs and practical drawbacks. Service charges average £2,558 per year and ground rent is £250 (next review 2032, linked to PSAEI). Heating is by electric room heaters, which may increase running costs compared with gas. The building has double glazing but the installation date is unknown. The neighbourhood is described as a cosmopolitan, multicultural student area with high crime levels and high area deprivation, which will affect both resale values and tenant mix.
This sale proceeds by Modern Method of Auction: there is a non-refundable Reservation Fee (4.5% of purchase price, minimum £6,600 inc. VAT) and a Buyer Information Pack which the purchaser must view and pay for. Prospective purchasers should review the buyer pack and arrange finance or inspections before bidding. The property is suitable for investors prepared to manage city-centre rental risk, or first-time buyers seeking an entry-level flat close to central Birmingham transport and employment hubs.
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