2 bedroom apartment for sale

£395,000 Offers over

2

Bedrooms

2

Bathrooms

Floorplan

Exceptional Loft-Style Apartment Near St Pauls Square A Rare Find in Birminghams Jewellery Quarter

An extraordinary loft-style apartment offering a seamless blend of industrial character and modern luxury, located moments from the iconic St Pauls Square in the heart of Birminghams Jewellery Quarter.

This truly unique residence boasts soaring high ceilings, exposed architectural details, and a striking open-plan layout designed for both comfort and style. A secret door adds a sense of intrigue, while the private terrace provides the perfect setting for relaxation or entertaining.

Perfectly positioned within walking distance of Snow Hill Station, this home offers exceptional connectivity to the city and beyond, while placing you just moments from the Quarters finest restaurants, bars, and independent boutiques.

A rare opportunity to own a property of this calibreget in touch to arrange a private viewing.

Lounge - 4.58 x 10.27 (150' x 338') - This huge living space and high ceilings provides a great rare open feeling in the flat.

Kitchen/Diner - 2.80 x 7.63 (92' x 250') - The large kitchen and dining room has a unique aesthetic without compromising practicality.

Master Bedroom - 6.47 x 4.47 (212' x 147') - Large master bedroom with double glazing windows, creating great natural light.

Bedroom 2 - 4.63 x 4.00 (152' x 131') - Smaller bedroom, again with a large window for great natural right.

Hallway - 5.80 x 1.58 (190' x 52') - Large hallway opening up to the rest of the property, and onto to the patio.

Dressing Room - 2.85 x 1.93 (94' x 63') - Walk-in closet connected to the master bedroom.

En-Suite - 5.01 x 2.07 (165' x 69') - Large bathroom connected to the Master bedroom, with fitted standalone bath, his & her sinks, and a large walk-in shower.

Bathroom - 2.20 x 0.62 (72' x 20') - Smaller w/c for the rest of the property.

Patio - 2.00 x 1.50 (66' x 411') - With access from the hallway, this small patio area provides some nice, private outdoor space in the property.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 328575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 32325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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