2 bed flat for sale

Newhall Hill, Birmingham B1

Price reduced to £190,000 – investment opportunity | jewellery quarter, birmingham B1Profectus Estates are delighted to offer Flat 8,20 Newhall Hill at the newly reduced price of £190,000.

Representing an excellent opportunity for landlords and investors, this well-presented two-bedroom, two-bathroom apartment is situated in the heart of Birmingham’s highly sought-after Jewellery Quarter and is already producing £1,250 per calendar month (£15,000 per annum) in rental income.

Combining an established rental return with a highly desirable location, private balcony and allocated off-road courtyard parking, the property offers an attractive proposition for investors seeking an income-producing city-centre asset.

Investment Highlights

• Reduced asking price: £190,000
• Current rental income: £1,250 pcm
• Annual rental income: £15,000
• Two generous double bedrooms
• Two bathrooms, including en-suite to the principal bedroom
• Private balcony
• Allocated off-road courtyard parking
• EPC Rating: B
• Council Tax Band: E
• Established rental property
• Strong appeal to professional tenants
• Excellent access to Birmingham city centre and the Jewellery Quarter

An Established Income-Producing PropertyThe apartment is currently let at £1,250 pcm, providing an immediate rental income stream for the successful purchaser.

Its configuration is particularly well suited to the professional rental market, with two good-sized double bedrooms, two bathrooms and private outdoor space. The allocated parking further enhances its appeal, particularly given the property's central B1 location.

For investors, the combination of tenant demand, rental income and a well-connected city-centre location makes this an attractive addition to an existing portfolio or an opportunity for those looking to enter the Birmingham investment market.

Desirable Jewellery Quarter LocationThe Jewellery Quarter is one of Birmingham's most established and popular city-centre neighbourhoods, renowned for its distinctive character, independent restaurants, bars, cafés and extensive range of amenities.

The apartment is within easy walking distance of Birmingham city centre and benefits from excellent access to major commercial districts and transport connections.

This central position makes the property particularly attractive to professionals looking for convenient city living, helping to support continued demand within the local rental market.

Key Financial InformationPurchase Price£190,000Current Rent£1,250 PCMAnnual Rental Income£15,000Service Charge£2,014 PAGround Rent£50 PACouncil TaxBand EEPCBRental yield: £15,000 annual rent represents a 7.9% gross rental yield against the £190,000 asking price, before service charge, ground rent, management, maintenance, voids and other ownership costs.

After the stated service charge and ground rent, the income is approximately £12,936 per annum, equivalent to approximately 6.8% before other ownership costs.

£190,000 – Early Enquiries RecommendedWith the price now reduced to £190,000, this is an excellent opportunity to acquire a well-located, income-producing apartment in Birmingham's Jewellery Quarter.

With £1,250 pcm rental income, two bedrooms, two bathrooms, a private balcony and allocated parking, the property offers a compelling combination of income and location.

Early enquiries are strongly recommended.

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

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