Residential · UK🇬🇧 Birmingham, United Kingdom
Fountain Court
70 studios and one- and two-bed apartments in Snow Hill
Completed · income from day oneGross annual return
5.5% – 6.2%
Prices from
£255,000
Financing
Up to 70%
Available to international investors.
A conversion of former Victorian barristers' chambers in the Snow Hill district, a short walk from New Street. Completed and ready to let. 70 units between £255,000 and £425,000, with up to 70% finance for international investors. The calculator starts from a representative 519 sq ft studio: adjust the price, the debt and the horizon to the unit you have in mind.
Location
Snow Hill, Birmingham's office and legal district, a short walk from New Street and from Snow Hill station. Birmingham is the UK's second city, and the HS2 terminus is being built at Curzon Street, across the centre.
Snow Hill, Birmingham
City centre
The office and legal district, a short walk from New Street.
Two stations on foot
Snow Hill + New Street
New Street is the city's main station; Snow Hill serves the London Marylebone line.
HS2
Curzon Street
The high-speed terminus is being built in central Birmingham.
The UK's second city
Birmingham
The largest labour market in the country outside London.
Completed
70 units
Conversion finished and ready to let, between £255,000 and £425,000.
Finance
up to 70%
Available to international investors against the price of the unit.
The asset and its return
The calculator above starts from a representative 519 sq ft studio. The base case is set by Acacias: 60% debt, £15,600 of annual income, 3% voids and £900 of professional fees.
Units
70
Studios and one- and two-bed apartments.
From
£255,000
Up to £425,000 depending on the unit type.
Base case IRR
9.2%
On the 519 sq ft studio, with the calculator's assumptions.
Base case debt
60%
Finance available up to 70% for international investors.
Annual income
£15,600
Base case assumption on the representative unit, before voids.
Status
Completed
Built and ready to let.
Photographs
How we work
We form the company, negotiate the financing and direct solicitors and managing agents. From instruction to completion, and from there to the ongoing stewardship of the asset: a single point of contact, with none of the operational burden.
Interested?
Leave your details and we will walk you through it, with no obligation.
Preliminary information for presentation purposes. The figures are estimates based on the developer’s information and our own analysis; they are not an offer nor a guaranteed return. The value of property can fall. Acacias Capital Ltd, London.