Let investment in prime B16 location — two-bed apartment with secure parking and strong rental yield..
Two double bedrooms and open-plan living space
This two-bedroom apartment in Grosvenor Place offers straightforward buy-to-let appeal in a busy B16 location. Currently let at £1,175 pcm (£14,100pa), the property produces a gross yield of about 7.4% on the asking price of £189,950, making it attractive to investors seeking immediate income and low-management layout.
The interior is modern and neutral with open-plan living, contemporary kitchen fittings, double glazing and medium-sized rooms that suit sharers or professionals. Secure off-street parking via Parkwing is a notable convenience in central Birmingham and supports tenant demand. Broadband speeds are reported slow — a factor to consider for modern renters and one that can be easily improved if required.
Practical considerations: heating is by electric room heaters rather than a central system, and tenure is unknown, so buyers should confirm lease length, service charges and ground rent. The building dates from the 2003–2006 period and appears to be system-built with insulated walls, but any buyer should check warranties and communal maintenance history.
Location strengths include proximity to Brindleyplace, Broad Street and city transport hubs (New Street and Moor Street). The neighbourhood is inner-city and multicultural with strong student and professional rental demand, though the wider area is classified as deprived — relevant for longer-term capital-growth expectations. The property is sold with a tenant in situ; viewing access and timing will be subject to the tenancy.