Well-located apartment offering secure parking and strong rental potential.
Two double bedrooms and two bathrooms in a 703 sq ft apartment
Open-plan kitchen/living room with integrated appliances and balcony
Off-street secure parking included — convenient for city centre flats
Electric underfloor heating; electricity is the main fuel source
Leasehold with c.102 years remaining; ground rent £150 p.a.
Service charge c.£2,800 per year — ongoing cost to budget for
Sold via Modern Method of Auction; non-refundable reservation fee applies
Located in a cosmopolitan student neighbourhood — good rental demand, possible noise
Set within The Mill development by Brindley Place, this two-bedroom apartment offers modern city living close to Broad Street and Birmingham city centre. The open-plan kitchen/living area with integrated appliances and a balcony provide a bright urban space, while the larger bedroom includes built-in wardrobes. Secure off-street parking is included, an uncommon benefit for central locations.
Practical details suit first-time buyers: 703 sq ft overall, double glazing, electric underfloor heating and an average annual service charge of £2,800. The lease has about 102 years remaining and ground rent is £150 per year. Constructed in the early 2000s, the building presents contemporary finishes and straightforward maintenance compared with older stock.
Important considerations are clear and factual. The property is leasehold and will be sold through a Modern Method of Auction — buyers must budget for a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee. Appliances, heating and electrics have not been tested and building safety details are unknown; a pre-purchase inspection is recommended. The neighbourhood is a cosmopolitan, student-oriented area, which supports excellent rental demand but may bring increased daytime and evening activity.
Overall, this apartment works well for a first home or a buy-to-let with strong location-led demand. Factor in the ongoing service charge, ground rent and auction costs when calculating affordability or yield, and commission professional surveys to confirm mechanical and structural condition.
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