Sinope, Ryland Street, Birmingham, B16

A well presented first floor one bedroom apartment within the popular Sinope development, offered 11.3% gross yield with a tenant in situ paying £900pcm and immediate rental income from completion

This is a clean, straightforward investment in a proven B16 location, ideally positioned on the edge of Birmingham City Centre and within easy reach of Brindley place and the canal network. With lift access, secure parking and secure entry, the property appeals strongly to working professionals supporting consistent rental demand.

Location

Ryland Street sits between the city core and the established Brindley place district, placing restaurants, bars, offices and transport links all within comfortable walking distance.

The B16 postcode remains a highly desirable rental location due to its proximity to major employers, New Street Station and the wider motorway network, making this a resilient long term investment area.

Inside

Located on the first floor with lift access, the apartment offers a practical and well balanced layout:

Entrance hallway with storage

Open plan living and dining area

Fitted kitchen with integrated appliances

Spacious double bedroom

Contemporary bathroom suite

The living space is bright and functional, with clear separation between living and sleeping areas. The property is currently tenanted, providing ongoing income and removing initial letting costs for an incoming purchaser.

Outside

The development benefits from secure communal access and lift service to all floors, creating a low maintenance environment well suited to buy to let ownership.

Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.