Apartment 525, Kettleworks, 126 Pope Street, Birmingham, West Midlands, B1 3DW

Description

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

Accommodation

Fourth floor: two-bedroom flat, open plan reception room/kitchen/diner, bathroom/WC and hall. Gross Internal Area approximately 59 sqm (632 sqft).

Location

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

Tenure / Property Information

Investment Analysis

Recent completed sales within Kettleworks range from £162,500 to £172,500 in 2026, with an additional 2024 range of £160,000 to £165,000. A base GDV of £165,000 is supported by the comparable evidence, subject to differences between the sold flats and this unit. The £130,000 guide represents a substantial discount to the supplied same-development sales, but service charge, ground rent, condition and any seller fees remain unknown.

Investment Snapshot

Strategy Recommendation

Conditional BTL/hold may be preferable to a flip, but only after confirming service charge, ground rent, lease terms, condition and achievable rent. The apparent discount to same-development sales is attractive, but unknown property and transaction costs justify a cautious bidding approach.

Works Required

No specific refurbishment defects or works are evidenced. Inspect the flat, services and common areas before bidding, and verify the service charge, ground rent, heating and parking arrangements. No works allowance has been included in the calculations.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £130,000 guide plus the known £1,800 admin charge, the indicative acquisition cost is £131,800 before any unknown works or seller fees. A 75% refinance at the £165,000 base GDV would provide £123,750, leaving an indicative £8,050 to recover before finance, tax and other costs. The strategy is highly sensitive to the actual achievable rent, service charge and lender valuation.

Buy-to-Let Analysis

The supplied £1,275 pcm figure is an advertised asking rent for another two-bedroom B1 listing, not achieved rent or confirmed rent for this apartment. Using it as an indicative proxy gives £15,300 annual rent, 11.77% gross yield on the £130,000 guide and 11.61% on the guide plus the £1,800 admin charge. Net yield cannot be established because service charge, ground rent, management, maintenance and other costs are unknown.

Flip Analysis

The £165,000 base GDV implies a gross spread of £33,200 against the guide plus the known admin charge, before works, selling costs, finance, tax and any seller fees. A formal flip surplus cannot be calculated because no selling allowance or refurbishment cost is supported by the evidence.

Investor Risks & Due Diligence

• Annual service charge, ground rent and review provisions are unknown.

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

• The rental evidence is an advertised asking rent for another B1 property and is not confirmed for this apartment.

• No condition report or refurbishment cost evidence is supplied.

• Parking and heating arrangements are unknown.

• The listing gives both approximately 141 years and 140 years remaining on the lease.

• EPC rating is D and council tax is Band D.

Recommendation

Conditional BTL/hold may be preferable to a flip, but only after confirming service charge, ground rent, lease terms, condition and achievable rent. The apparent discount to same-development sales is attractive, but unknown property and transaction costs justify a cautious bidding approach.

Strategy Rating

Analysis Confidence

Same-development completed sales provide useful GDV evidence, but the exact unit characteristics, condition, service charge, ground rent, seller fees and property-specific achieved rent are not supplied.