£150,000
(£278/sq. ft)
1 bed flat for saleI-Land, Essex Street B5
1 bed
1 bath
1 reception
540 sq. ft
EPC Rating: C
- Leasehold
FleetMilne
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About this property
A well presented apartment with strong investment potential
Potential gross yield of around 7.6% (based on rental estimate of £950pcm)
One double bedroom with good views and plenty of natural light
One bathroom: With shower over bath
Popular development in the Chinese Quarter
24 hour concierge service
0.5 miles to New Street station
Approximate service charge: £2534.58pa
Approximate ground rent: £300pa
Approximate lease length: 115 years
Lift access
FleetMilne are pleased to offer a fantastic, one bedroom, one bathroom apartment in the highly sought-after i-Land development. The apartment has been well-looked after since completion, and features a fitted kitchen, with integrated fridge, freezer oven, hob and extractor. A washer/dryer is located in the airing cupboard which also houses the hot water system. The apartment benefits from plenty of natural light through the floor to ceiling windows in the lounge and large window to the bedroom, providing great views of the city. In the double bedroom, there is a large wardrobe, bedside tables and bed. The modern bathroom has a shower over the bath with large vanity mirror. Living in the i-Land development includes the benefit of a 24-hour concierge service, for your parcels and extra security and you will also be able to enjoy the landscaped internal grounds with water features!
The property offers a great investment opportunity, with a potential gross yield of 7.6% based on our letting team's estimates. The property can come with furniture included subject to an acceptable offer.
The i-land development is situated close to the Arcadian and 'China Town' area, which hosts a wide variety of bars and restaurants. If you're looking for somewhere for dinner, we can recommend popping into Topokki- an intimate, cosy restaurant offering up authentic Korean flavours with everything from Salad Bibimbap to Korean dumplings!
I-Land is perfectly located within the melting pot of cultures which make up Birmingham’s famous Southside area, only 0.2 miles from Hippodrome Theatre and Arcadian Centre and just a 0.5 mile walk from New Street station. The location of this apartment is quite perfect - well served by trains, buses and the metro, connecting you to the rest of Birmingham and beyond.
Approximate service charge: £2534.58pa
Approximate ground rent: £300pa
Approximate lease length: 115 years
Council tax band: B
Living Area
Open plan living area with designated dining space.
Kitchen
Fully-equipped integrated kitchen with fridge, freezer, oven and hob. Washer/dryer included in a separate cupboard.
Bedroom
Double bedroom with free-standing furniture and fantastic views!
Bathroom
Bathroom suite with a shower over the bath.
Disclaimer - -Upon formal acceptance of an offer, all purchasers will be asked to produce identification and full details of their chosen solicitor. In order to avoid delays, this must be produced swiftly. Unreasonable delays may result in the acceptance being withdrawn.
-These property details do not constitute part or all of an offer or contract.
-Purchasers are advised to check the measurements before committing to any expense as many of the measurements are taken directly from the developer’s original floorplans. Changes or adjustments may have been made since, or the original measurements may have not been accurate.
-Apparatus, equipment, figures, fittings, goods or services have not been formally checked by FleetMilne. It is in the purchaser’s interest to check the working condition. Access can be arranged in order to do so– please just request an additional visit via our team.
-The legal title of the property has not been checked by FleetMilne, purchasers are advised to instruct their solicitor to do this.
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More information
Tenure
Leasehold (115 years)
Service charge
£2,535 per year
Council tax band
B
Ground rent
£300
Ground rent date of next review