Summary - Hagley Road, Birmingham, B16 B16 8HX
2 bed 1 bath Flat
15th-floor two-bedroom with concierge, lift access, near Broad Street and transit links.
Two double bedrooms with open-plan lounge and fitted kitchen
15th-floor city views; lift access and 24-hour concierge
Tenant in situ; advertised gross/net yield ~8.1% (investment only)
Cash purchase only; no chain and tenant remains in place
Leasehold with 105 years remaining (standard lease length)
Annual service charge £2,638 and ground rent £300
Electric heating (room heaters); EPC rating D
Located in an inner-city, high-crime area; affects capital growth prospects
Situated on the 15th floor, this two-double-bedroom apartment offers wide city views and secure, concierge-serviced living in a central Hagley Road location. The open-plan living and fitted kitchen is modern and furnished, ideal for immediate rental or short-term letting. Lift access and 24-hour concierge add convenience and security for occupants.
This property presents a clear investment opportunity: a tenant is in situ and the gross/net yield is advertised around 8.1% on a cash purchase. Leasehold terms are healthy with 105 years remaining. Proximity to Broad Street, Five Ways station and plentiful local amenities supports steady tenant demand.
Buyers should note key running costs and constraints. Annual service charge (£2,638) and ground rent (£300) affect returns; heating is electric room heaters and the EPC is D. The development sits in a higher-crime, very deprived inner-city area, which may affect long-term capital growth and tenant profiles.
This is a cash-buy, no-chain opportunity best suited to investors seeking immediate income rather than owner-occupiers wanting mortgage finance or extensive DIY. The apartment’s modern finish and central position make it straightforward to re-let, though consider ongoing charges and the building’s location when assessing yield versus risk.
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