£230,000
Digbeth One, B12
- 1 bed
£230,000
- 1 bed
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Digbeth One 2 is a development completed just a couple of years ago, developed by respected national housebuilder St. Modwen, providing excellent current rental returns while also offering great long-term growth prospects with the area enjoying some serious regeneration currently and this looks set to continue in the coming years.
| KEY FEATURES |
*Turnkey Investment Opportunity
*Tenanted Until AUGUST 2025, Income Generating from Day 1!
*New Build Warranty in Place
*Peppercorn Ground Rent
*Long Lease *Great First Time BTL or Addition to a Portfolio
*Long Term Growth Opportunities with Major Developments a Short Walk Away
*Investment Data Available, Contact Davidson Estates to Obtain.
| THE APARTMENT | All 1 Beds in the building boast spacious, larger-than-average living areas and bedrooms with a total area of circa 585sqft. Open plan living areas are an excellent length, allowing for residents to easily create distinct living, relaxing and dining spaces. A modern kitchen comes with all integrated white goods, including washing machine, full size fridge freezer, dishwasher and oven.
Bedrooms at Digbeth One 2 provide great living space with ample room to easily fit a large bed, bedside tables, drawers and wardrobes.
A contemporary, well-sized bathroom comes with shower over bath, a vanity unit with storage over the sink and electric towel heater.
The apartment comes with a touchscreen video entry system, the building itself is gated with fob access required not only from the external doors but also doors to the internal corridors.
| LOCATION | Situated in Digbeth, just 10 minutes from New Street Station, Digbeth One 2 is strategically located to provide easy to access to the city core, The Bullring, Colmore Row and more, while both the main coach station and tram line are under 5 minutes on foot, offering great connectivity across the city and beyond.
Edgbaston is a short drive away where you can find the likes of the Queen Elizabeth Hospital, University of Birmingham, Edgbaston Stadium, and a multitude of green spaces to enjoy.
| BIG MOVES IN THE AREA | With the BBC moving its offices from The Mailbox to a purpose-built facility in Digbeth, as well as global hit Peaky Blinders' director, Steven Knight, opening a brand new studio in the area, Digbeth really is taking off in a big way.
The BBC's investment in the West Midlands will bring £282m to the region by 2031, with a recent study suggesting BBC's commitment to the area will help to create more than 900 jobs and 200 companies over the next decade. This obviously includes the BBC's decision to move the BBC's regional headquarters to a new state-of-the-art broadcast centre at The Tea Factory in Digbeth.
Meanwhile, Digbeth One 2 also sits just minutes away from the Smithfield Masterplan Site, an over one billion pounds mixed-use site set to expand Birmingham's city core right onto Digbeth's doorstep.
The future site of the HS2 station too is a mere 15 minutes away on foot.
| KEY INFORMATION |
*Apartment 419* The current tenancy runs until August 2025, rental rate of £950/pcm, a good rate considering the apartment is rented unfurnished. Achievable rent in this development could potentially reach £1,100/pcm (furnished let).
Service Charge: £1,621.60/annum
Ground Rent: Peppercorn
Years On Lease: Approx. 247 years.
Council Tax Band: Band C
EPC Rating: Rated C
EWS1 Status: B1
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