Summary - Apartment 501 Derwent Foundry, 5, Mary Ann Street B3 1BG
2 bed 2 bath Apartment
Compact modern apartment near St Pauls Square — investor-friendly with parking.
Two double bedrooms with master en-suite
A compact two-bedroom, two-bath apartment in Derwent Foundry, set within a converted industrial building close to St Pauls Square. The flat (approx. 571 sq ft) presents modern open-plan living, a master en-suite and good natural light from large windows — traits that appeal to city professionals and investors targeting short-let or long-let demand.
Practical strengths include allocated off-street parking, double glazing, fast broadband and excellent mobile signal, plus a 106-year lease remaining. The building was constructed after 2007 and retains industrial character with modern finishes, helping it compete in the local rental market.
Buyers should account for material running costs and local risks: an annual service charge of around £2,690 and ground rent c. £350, combined with electric room heaters which can increase energy bills. The area is a multicultural, student-heavy neighbourhood with very high recorded crime — this affects lettings, insurance and resident expectations.
Overall this is a city-centre investment or pied-à-terre option that offers strong connectivity and rental potential, but it is best suited to buyers who accept higher service charges, electric heating costs and local crime levels. Hands-on management or targeted lettings (students/professionals) will optimise returns.
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