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128 Alcester Road, Birmingham, B13 8EE
£219,000
Bedrooms
Bathrooms
Reception
Birmingham City Centre Investment Opportunity Jewellery Quarter (B1)
Situated in the heart of the highly sought-after Jewellery Quarter, this well-presented two-bedroom, two-bathroom apartment at Flat 8, 20 Newhall Hill offers an exceptional turnkey investment opportunity within Birminghams thriving city centre.
Positioned on Newhall Hill, this modern apartment benefits from a spacious and practical layout, featuring two generous double bedrooms, including a principal bedroom with en-suite, alongside a contemporary main bathroom. The property further boasts a private balcony, providing valuable outdoor space rarely found in city centre apartments.
A standout feature is the inclusion of allocated off-road courtyard parking a highly desirable and increasingly rare asset within the B1 postcode, adding significant appeal for tenants and investors alike.
Currently achieving a rental income of 1,250 PCM, the property delivers an attractive net yield of approximately 6%, making it an ideal addition to any buy-to-let portfolio. With strong and consistent tenant demand from professionals working in the city centre and surrounding business districts, the property offers both immediate income and long-term growth potential.
Located within walking distance of Birmingham city centre, transport links, and key commercial hubs, the apartment is perfectly suited to professional tenants and sharers seeking convenience and lifestyle.
Key Features:
Investment Details:
This is a ready-made, income-generating asset in one of Birminghams most desirable urban locationsperfect for investors seeking a low-hassle, high-demand city centre property.
Council Tax Band: E EPC Rating: B
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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