Apartment 250, Kettleworks, 126 Pope Street, Birmingham, West Midlands, B1 3DU

Description

Long leasehold first floor self-contained flat within the Jewellery Quarter. By order of the Fixed Charge Receivers. Benefitting from 24-hour concierge service and access to residents-only gym.

Accommodation

First floor: one bedroom, open plan reception room/kitchen/diner, shower room/WC. Gross Internal Area approximately 36 sqm (384 sqft).

Location

Situated within the Kettleworks development in the Jewellery Quarter on Pope Street between its junctions with Camden Street and Carver Street. Nearby amenities and transport include Jewellery Quarter mainline rail station, local bus services, the A4540 Middleway, the A457, local Jewellery Quarter shops, bars and restaurants, Birmingham City Centre, Brindleyplace, The Mailbox, St Paul’s Square, canalside walks and the wider Jewellery Quarter public realm.

Tenure / Property Information

Investment Analysis

Same-development completed sales range from £115,000 in February 2026 to £212,500 in November 2024. The comparables do not provide bedroom count, floor area or unit-specific details, so direct comparability is uncertain. A cautious base GDV uses the latest recorded sale at £115,000; the historic £212,500 sale is retained as an upper scenario rather than a dependable valuation. The £1,800 buyer documentation fee is known, while service charge, ground rent and any seller-charged completion fees remain unknown.

Investment Snapshot

Strategy Recommendation

Potentially attractive at the guide against the latest same-development sale, but proceed only after confirming unit-specific comparability, service charge, ground rent, lease terms, condition and all special-condition fees. Do not underwrite BTL without verified rent.

Works Required

No specific refurbishment works are evidenced in the supplied description. Confirm condition, fixtures, heating, parking position, service-charge position and any required works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £75,000 guide, the known purchase price plus the £1,800 documentation fee is £76,800 before works, service-charge liabilities, financing, tax and any seller-charged fees. On the cautious £115,000 base GDV, 75% refinancing equates to £86,250, but total project cost and cash left in cannot be calculated because refurbishment, leasehold costs and other completion costs are unknown.

Buy-to-Let Analysis

The flat is vacant and no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rental income and gross yield therefore cannot be established. Service charge and ground rent are also unknown, which prevents reliable net-income analysis.

Flip Analysis

The cautious base GDV indicates a gross price differential of £40,000 against the £75,000 guide before the £1,800 documentation fee, refurbishment, selling costs, finance, tax and unknown seller charges. A reliable flip surplus cannot be calculated because works and selling allowances are unsupported.

Investor Risks & Due Diligence

• Same-development comparables may relate to materially different flat sizes, layouts or specifications.

• Annual service charge and ground rent are not supplied.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• No reliable rental evidence is available, preventing yield assessment.

• Property condition, heating and parking arrangements are not confirmed.

• Refinance and resale values may differ materially from the cautious comparable-based GDV.

Recommendation

Potentially attractive at the guide against the latest same-development sale, but proceed only after confirming unit-specific comparability, service charge, ground rent, lease terms, condition and all special-condition fees. Do not underwrite BTL without verified rent.

Strategy Rating

Analysis Confidence

There are several completed sales in the same development, but unit sizes, bedroom counts and sale details are unavailable; rent, condition, leasehold charges and some completion fees are also unknown.