1 bed flat for sale

Hagley Road, Birmingham B16

Please quote ref: JT1146 when enquiring.

Investment opportunity

17th Floor | One Bedroom | City Views | Modern Method of Auction

A 17th-floor one-bedroom apartment within the popular Metropolitan House development, offered for sale with a tenant in situ and providing immediate rental income.

The apartment comprises an open-plan living and dining area with elevated city views, a modern fitted kitchen, a generous double bedroom, and a contemporary bathroom. The high-floor position offers excellent natural light, privacy, and ongoing rental appeal.

The property is currently let at £750 pcm (£9,000 pa), representing an attractive gross yield of approximately 8.18% based on the guide price. The apartment is held on a long lease with 105 years remaining.

Situated in the sought-after B16 postcode, Metropolitan House is ideally located for Birmingham city centre, Five Ways, Hagley Road, and Brindleyplace, making it a popular choice with professional tenants.

Additional information:

• 105 years remaining on the lease
• Service Charge: Approx. £1577p.a.
• Ground rent £250p.a.
• High-demand B16 postcode, popular with professional tenants
• Excellent access to Hagley Road, Five Ways, Brindleyplace & Birmingham city centre
• Strong transport links and local amenities nearby

Metropolitan House is a proven rental development, making this an attractive buy-to-let opportunity for investors seeking strong yield, immediate cash flow, and long-term capital growth potential.

Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

*Lease, ground rent and service charge details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.

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