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128 Alcester Road, Birmingham, B13 8EE
£185,000
Bedrooms
Bathrooms
Reception
Profectus Estates are proud to offer for sale this exceptional one-bedroom apartment located within the prestigious Royal Arch development, part of the iconic Mailbox in Birmingham City Centre.
Once the Royal Mails Birmingham headquarters, the Mailbox has been stylishly transformed into one of the citys most sought-after residential and commercial addressesblending luxury living with unbeatable convenience.
Property Features:
Bright and spacious open-plan living and dining area
Modern fitted kitchen with integrated appliances
Double bedroom with direct access to a private balcony
Contemporary bathroom with sleek fittings
Fully electric with double glazing and a high B-rated EPC for energy efficiency
Secure and stylish city-centre living
This stunning apartment is ideal for professionals seeking a vibrant city lifestyle with everything Birmingham has to offer right on the doorstep. Residents benefit from unparalleled access to transport links, business districts, retail, and Birminghams famous nightlife, including the bars and restaurants of Broad Street and surrounding areas.
Annual Service Charge: 4,440.64 per annum
Ground Rent: 250.00 ~ per annum
Investment Opportunity:
Asking Price: 185,000
Estimated Rent: 1100 PCM
Potential Gross Yield:7.14%
Apartments of this quality in the Royal Arch rarely come to marketand when they do, they dont stay available for long. Whether youre a first-time buyer, city worker, or investor, this is a prime opportunity.
Enquire now to arrange a viewing and avoid disappointment.
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
128 Alcester Road, Birmingham, B13 8EE
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