1 bed flat for sale

Albion Street, Birmingham B1

Summary
**20% discount market scheme** Stylish one bedroom apartments designed for modern city living, offering open-plan layouts, contemporary finishes, and excellent natural light. Perfect for first time buyers, with prices from £188,000 offered on discounted schemes.

Description
Discover Charles Green Residences, a stylish collection of contemporary apartments perfectly positioned in the heart of Birmingham.
Designed with modern living in mind, this sought-after development offers an exceptional opportunity for both first time buyers and professionals looking to enjoy city life.

These high-quality 1 and 2 bedroom apartments feature thoughtfully designed open-plan layouts, maximising natural light and space. Each home benefits from a modern kitchen with integrated appliances, sleek bathroom finishes, and spacious living areas ideal for both relaxing and entertaining.

Homes Available -

1-bedroom apartments (452–474 sq ft) on first, second, and third floors, with full market values of £235,000 and discounted prices from £188,000–£211,500. Service charges range from £859–£900 per annum. Available under Key Worker (10%) and Discount Market (20%) schemes.

2-bedroom apartment (700 sq ft) on the second floor, with a full market value of £345,000 and a discounted price of £310,500. Service charge £1,224 per annum. Available under the Key Worker (10%) scheme.

Location - Jewellery Quarter:
Ideally positioned on Albion Street in Birmingham's historic Jewellery Quarter, Charles Green Residences places residents in one of the city's most characterful and well connected neighbourhoods. The area is renowned for its mix of heritage architecture, independent cafés, bars, restaurants and creative businesses, all within walking distance.

Excellent transport links are close by, including Jewellery Quarter rail and tram stops, providing quick access to Birmingham City Centre, New Street Station and the wider West Midlands. Major road networks are also easily accessible, making the location ideal for commuters and key workers alike.

Apartment Specification:
The apartments at Charles Green Residences have been thoughtfully designed to offer modern city living with high quality finishes throughout. Each home features:

- Contemporary fitted kitchens with integrated appliances
- Stylish bathrooms and en suites with modern sanitaryware
- Open plan living and dining areas, ideal for entertaining
- Generous bedroom sizes with excellent natural light
- Neutral décor, allowing purchasers to personalise their home

All homes are offered with 999 year leases and peppercorn ground rent, providing long term security and value.

Development Benefits:
Charles Green Residences offers purchasers a rare opportunity to secure a brand new, build complete apartment at a discounted price, while owning 100% of the property.

Key benefits include:
- 10% Key Worker discount and 20% Discount Market Sale option
- Homes ready to move into immediately
- Central Birmingham location with strong long term demand
- Ideal for first time buyers and professionals
- Discount secured to support affordable home ownership

Viewings:
All apartments are available to view now and viewings are strictly by appointment. Early interest is strongly advised due to limited availability under the discounted scheme

Key Worker Eligibility:
The Key Worker scheme is designed to help people who provide essential services to live closer to where they work by offering homes at a 10% discount from the full market value.

To be considered a Key Worker, applicants are typically employed in public sector or essential service roles, including (but not limited to):
- nhs staff and healthcare workers
- Teachers and education professionals
- Police officers, PCSOs and civilian police staff
- Fire and rescue service personnel
- Local authority employees
- Social care and support workers
- Prison and probation service staff
- Other roles delivering critical public services

Applicants, use the property as their sole and main residence, and meet local eligibility and affordability criteria set by the scheme.

Discount Market Sale Scheme:
The Discount Market Sale (dms) scheme enables eligible purchasers to buy a home at a 20% discount from the full open market value, while owning 100% of the property.

The scheme is designed to support households who wish to buy a new home but may find open market prices challenging, particularly in high demand locations such as central Birmingham.

At Charles Green Residences, the discount is secured through a legal agreement, ensuring the homes remain affordable for future eligible buyers.

How does the Discount Work?
- Homes are purchased at 80% of the open market value
- There is no rent payable on the discounted element
- The discount remains in perpetuity

When the property is sold in the future, it must be resold with the same 20% discount applied, ensuring the home continues to support affordable home ownership.

Eligibility Requirements?

To qualify for the Discount Market Sale scheme, purchasers typically must:
- Use the property as their sole and main residence
- Meet local authority eligibility and affordability criteria.
- Be unable to purchase a suitable home on the open market without the discount.
- Pass an affordability assessment as part of the application process.

The scheme is available to a broad range of purchasers and is not limited to key workers.

Agents Notes:
Images are for illustrative purposes only and are not apartment specific.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.