Summary - 5 FLAT 14 NEW MARKET STREET BIRMINGHAM B3 2NH
1 bed 1 bath Flat
Immediate income and auction sale for hands-on investors.
City-centre location near Colmore Row and local amenities
This one-bedroom apartment sits in a Victorian red-brick building a stone's throw from Colmore Row, offered to investors at auction. It is currently let at £900 pcm and will be sold subject to the existing tenancy; the tenant is due to vacate on 1 December 2025. The large open-plan living space, separate double bedroom and generous bathroom present a straightforward, lettable city-centre layout.
At the guide price of £90,000 with rent at £10,800 pa, the property represents a high gross return on paper for buy-to-let purchasers. The long lease (125 years from 2000; c.101 years remaining) reduces immediate lease-length risk, and the apartment is presented in good order internally, requiring only routine upkeep rather than major works.
Buyers should note material practical issues: the service charge is substantial at about £2,390 per year and ground rent is £150 per year. Broadband speeds are reported as very slow and local crime levels are very high — both factors that may affect future tenant demand. EPC is awaited; prospective bidders should review the legal pack and arrange inspections before the auction as contracts are binding on sale.
This lot is suited to investors seeking an immediately income-producing city-centre asset with rental uplift potential once marketed vacant, but it's important to factor in running costs, local area issues and auction purchase terms into any offer.
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