Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: 314 sqft
Key Features: • Ground floor studio (314 sq ft) in Pioneer House, Birmingham city centre • Currently let at £9,000 pa • High NET yield of 7.6% with low outgoings: £1,606 service charge and £150 ground rent • 103-year lease remaining, offering strong mortgageability and long-term security • Prime location close to Colmore Business District, Jewellery Quarter, and Brindleyplace
Location: • Nearest Station: Five Ways Station • Distance to Station: 0.5301605210798399 miles
Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG
Full Description: A well-presented ground floor studio apartment situated within the popular Pioneer House development on Ryland Street, offering a strong entry-level investment opportunity in the heart of Birmingham city centre.<br /><br />The property extends to approximately 314 sq ft and is offered with a well-designed open-plan layout, incorporating living, sleeping, and kitchen areas, along with a separate bathroom. Positioned on the ground floor, the apartment provides ease of access and strong rental appeal for young professionals seeking city-centre living.<br /><br />The property is currently let at £750 per calendar month (£9,000 per annum), providing immediate rental income from day one. With service charge of £1,606 per annum and ground rent of £150 per annum, the property produces a net income of approximately £7,244 per annum, reflecting a high NET yield of circa 7.6% at the asking price of £97,500.<br /><br />With approximately 103 years remaining on the lease, the property offers long-term security and is considered highly mortgageable, making it suitable for both seasoned and first-time investors.<br /><br />Investment Highlights<br />£95,000 asking price<br />Ground floor studio apartment (314 sq ft)<br />Currently let at £750 pcm (£9,000 per annum)<br />Net income approx. £7,244 per annum<br />Net yield 7.6%<br />Service charge: £1,606 per annum<br />Ground rent: £150 per annum<br />EPC Rating - 'C' <br />City centre location with strong tenant demand<br />Location – Birmingham City Centre<br /><br />Pioneer House is ideally positioned just outside Birmingham’s main business and retail core, offering excellent access to key employment hubs including the Colmore Business District, Brindleyplace, and the Jewellery Quarter. The location is particularly popular with young professionals working in finance, law, tech, and the wider service sector.<br /><br />The property benefits from excellent transport connectivity, with Five Ways station and multiple tram and bus routes nearby, providing easy access across Birmingham and beyond. The development is also within walking distance of key leisure amenities, restaurants, bars, and the expanding Westside and Brindleyplace districts.<br /><br />Birmingham continues to benefit from major regeneration and infrastructure investment, including the ongoing expansion of the city centre and the wider Midlands transport network. This sustained growth supports both rental demand and long-term capital appreciation.<br /><br />Summary<br />This is a strong, low-entry investment opportunity in a high-demand central Birmingham location. With an established tenant in place, solid net yield, and long lease length, the property offers a reliable income stream and long-term potential, making it an attractive addition to any investment portfolio.<br /><br />LET PURE INVESTOR TAKE THE STRAIN AWAY …<br />We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.<br />Fully managed lettings and property management service<br />Comprehensive coverage throughout England and Wales<br />One team, one fee across your full portfolio<br />Rental income protection available<br />Transfer your existing properties quickly and easily<br />If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team
