Profectus 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.
The 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.
The 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.
| Purchase Price | £190,000 |
| Current Rent | £1,250 PCM |
| Annual Rental Income | £15,000 |
| Service Charge | £2,014 PA |
| Ground Rent | £50 PA |
| Council Tax | Band E |
| EPC | B |
Rental 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.
With 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.
Tenure : Leasehold
Council Tax Band : E
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