Summary - WASHINGTON APARTMENTS, 5 43 LEXINGTON GARDENS BIRMINGHAM B15 2DR
2 bed 2 bath Apartment
Chain-free, tenanted 2-bed with EWS1 and strong central location — immediate income.
Top-floor two-bedroom apartment with Juliette balcony
Passed EWS1 cladding certificate (lender-friendly)
Currently tenanted at £1,400pcm — immediate income
Gross yield about 6.5% based on current rent and price
Service charge high: £3,470 per year (average)
Ground rent £350 per year; long lease (249 years)
Electric room heating — likely higher running costs
Located in area with very high crime and high deprivation
A compact top-floor two-bedroom apartment in Lexington Gardens, offered chain-free and currently let at £1,400pcm. The property benefits from a Juliette balcony, two bathrooms (including an en-suite) and a passed EWS1 cladding certificate, making it straightforward for lenders and professional purchasers. With 249 years remaining on the lease and long-term tenure, ownership risks linked to lease length are minimal.
This unit presents as a clear investment proposition: immediate rental income of £16,800pa gives a gross yield of about 6.5% at the listed price of £258,000. The flat’s proximity to Birmingham city centre and good transport links supports tenant demand, and the top-floor position delivers reliable natural light and quieter living than lower floors.
Buyers should note the material running costs: an average service charge of £3,470pa and ground rent of £350pa. Heating is by electric room heaters, so energy costs may be higher than gas-heated properties. The property is small (approximately 531 sq ft) and located in an area with very high crime levels and significant deprivation, which may affect long-term capital growth and tenant profiles.
Overall, the apartment suits investors seeking immediate rental return and low lease risk, or buyers prepared to accept higher running costs in exchange for central location and a move-in-ready, lender-friendly building. Any purchaser should verify service charge and ground rent details with their solicitor.
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