Summary - Apartment 189 Orion Building, 90, Navigation Street B5 4AB
2 bed 2 bath Apartment
Turnkey two-bed in Orion Building — strong rental prospects with notable service costs..
Two double bedrooms and two bathrooms (one en-suite)
Open-plan living with large windows and modern fittings
Offered fully furnished with vacant possession
Approx. 669 sq ft; 103 years remaining on the lease
High annual service charge c. £4,000 and ground rent £602 pa
Heating via electric room heaters, no gas central heating
Unallocated off-street parking within development
Located in a busy student neighbourhood; local crime recorded as very high
This two-bedroom, two-bath apartment in the Orion Building offers turnkey city-centre living with immediate rental potential. The open-plan living area, large windows and contemporary fixtures create bright, low-maintenance accommodation aimed at investors or professionals wanting central access. Offered fully furnished with vacant possession, it’s presented as a ready-to-rent home in a high-demand location near New Street and major retail and transport hubs.
Practical costs and building realities are clear: the property carries a high annual service charge (circa £4,000) and a substantial ground rent (£602 pa). The flat is leasehold with 103 years remaining; tenure is leasehold rather than freehold. Heating is by electric room heaters rather than a gas central system, which may affect running costs and tenant appeal for some.
Safety and neighbourhood character are important considerations. The surrounding area is a cosmopolitan, multicultural student neighbourhood with strong rental demand, but recorded local crime levels are very high; prospective buyers should assess security and insurance impacts. Parking is available off-street but unallocated within the development, which may not suit buyers needing a guaranteed space.
For buyers seeking an income-producing city-centre asset, the apartment’s size (approx. 669 sq ft) and location offer genuine upside: advertised rental around £1,300pcm implies an attractive gross yield, subject to actual letting performance and management costs. Buyers who prioritise lower ongoing charges, confirmed parking, or a central heating system should factor those preferences into their decision.
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