Apartment 1907, The Cube East 200, Wharfside Street, Birmingham, West Midlands, B1 1PR

Description

Apartment comprising one bedroom, reception room, kitchen and bathroom/wc.

Accommodation

One bedroom, reception room, kitchen, bathroom/wc.

Location

Located on Wharfside Street. Shopping amenities are available locally within Birmingham City Centre. Public transport links are available at Birmingham New Street Train Station to the north east and Five Ways to the south west, along with local bus services. Road links include the A4540 to the south and A38 to the north. Recreational pursuits can be found at Sunset Park and Peace Gardens to the south.

Tenure / Property Information

Investment Analysis

Same-building completed sales range from £110,000 to £275,000. The £275,000 sale is materially above the other evidence and cannot be reconciled without size, floor or specification details. The latest comparable is £135,000 dated 6 February 2026, with other sales at £118,000, £149,000 and £110,000. A cautious base GDV of £135,000 is used, with £110,000 low and £149,000 high scenarios.

Investment Snapshot

Strategy Recommendation

Potential BTL based on the guide-price gross yield, subject to verifying the £875 pcm rent, leasehold costs, legal terms and condition. Do not bid on a flip or BRRR basis until total costs are confirmed.

Works Required

No refurbishment requirements are evidenced. Confirm condition, fixtures, appliances, decoration and any landlord or building requirements through inspection and the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £135,000 base GDV, 75% refinancing equates to £101,250. However, refurbishment costs, seller charges and full leasehold costs are unknown, so total project cost and cash left in cannot be calculated reliably. Legal-pack and cost checks are essential before relying on a BRRR exit.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £875 pcm, producing £10,500 annually and a gross yield of approximately 12.8% against the £82,000 guide. This is not an achieved rent and excludes unknown leasehold, management, finance, insurance, maintenance and other costs, so net yield and reliable cash flow cannot be established.

Flip Analysis

The £135,000 base GDV is supported by same-building sales, but no refurbishment budget, resale costs or possible seller charges are supplied. A reliable flip surplus and maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Lease information is awaited and must be checked in the legal pack.

• The £875 pcm figure is an advertised asking rent rather than achieved rent.

• Buyer documentation fee of £1,800 is payable, with possible additional seller fees under the Special Conditions of Sale.

• Condition and any refurbishment requirement are not evidenced.

• Parking and heating details require confirmation from the auction centre.

• The comparable sales vary substantially and apartment size, floor and specification are not supplied.

Recommendation

Potential BTL based on the guide-price gross yield, subject to verifying the £875 pcm rent, leasehold costs, legal terms and condition. Do not bid on a flip or BRRR basis until total costs are confirmed.

Strategy Rating

Analysis Confidence

Same-building sold evidence and one advertised rent are available, but apartment specifications, lease information, condition, leasehold costs and seller charges are incomplete.