Summary - The Bank I, 60 Sheepcote Street, B16 8WG B16 8WG
1 bed 1 bath Apartment
Furnished one-bed investment in The Bank I — long lease, concierge, tenant in situ..
One-bedroom furnished apartment; sold with tenant in situ
24-hour concierge, private gym, residents’ lounge and communal gardens
Floor-to-ceiling windows with views toward Edgbaston and Fiveways
Contemporary kitchen, integrated appliances; Porcelanosa bathroom finishes
Approx. 462 sqft; EPC rating C; lease ~246 years remaining
Service charge £1,500pa and ground rent £350pa — ongoing costs
Located in inner-city area with high crime and very deprived local index
Average broadband speeds; council tax affordable
This one-bedroom apartment in The Bank I offers a turnkey, city-centre investment with strong rental appeal. The flat is sold furnished and currently let, so it suits buyers seeking immediate rental income rather than those needing vacant possession. Large floor-to-ceiling windows flood the living space with light and provide views toward Edgbaston and Fiveways.
Residents benefit from extensive on-site amenities — 24-hour concierge, private gym, residents’ lounge/coffee bar, communal gardens and secure bicycle storage — which support higher tenant demand and justify premium rents in the area. The apartment is finished to a contemporary standard with integrated appliances, Porcelanosa bathroom fittings and wood-style flooring. EPC C and a long lease (approx. 246 years) are practical positives.
Be realistic about ongoing costs and location factors. Service charge (£1,500pa) and ground rent (£350pa) are notable annual outgoings; broadband speeds are average. The property sits in an inner-city, high-crime and very deprived ward, which may affect tenant profiles, insurance costs and capital-growth prospects. The sale with tenant in situ limits immediate owner-occupation options and requires a buyer comfortable with managed tenancy terms.
For investors seeking a low-management, centrally located holding with strong communal facilities and long lease security, this apartment presents a sensible, income-producing option. Buyers targeting owner-occupation should note the tenancy and urban-area considerations before proceeding.
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