Hello everyone, today we are looking at Elevate Property Group’s Ariel House. The 1970s four storey TSB Bank building converted into 57 apartments. Completed, the apartments are ready.
For prices, taxes and the whole buying process, see our guide: UK Property Guide
The scheme’s unit types, current price range, floor plans and location: see the project page
Prices and available apartments
The figures below come from the developer’s current stock list, with sold units taken out. Right now 17 units available.
| Type | Size | Entry price | Available |
|---|---|---|---|
| One bedroom | 41-52 m² | £180,000 | 2 |
| Two bedroom | 64-83 m² | £237,500 | 15 |
Project facts
| Developer | Elevate Property Group |
| Total homes | 57 |
| Handover | completed |
| Lease length | 250 years |
| Estimated service charge | £2.42 per sq ft |
| Reservation fee | £5,000 |
| Payment plan | simultaneous exchange and completion |
Location and transport
2136 Coventry Road, Sheldon, Birmingham B26 3JW. On the airport and NEC side of Birmingham, on the A45, with a direct link into the city centre.
What the building has
A conversion scheme; the apartments come with parking.
Tenant profile
Tenants drawn by employment around the airport and the NEC together with easy access to the city centre.
The yield
The expected rental yield the developer states is 5.5%. This is a projection, not a guarantee; the yield you realise depends on the rental market, the service charge and void periods. A yield worked out without deducting the service charge misleads.
Total cost
On top of the apartment price come stamp duty, legal fees, the land registry fee and, for a buyer living abroad, additional verification fees. You can work out your own scenario in the capital.works purchase cost calculator.
Risks and what to watch for
Most of the available apartments are sold with tenants in place. The lease is 250 years. In conversions, budget for the maintenance items that come with the age of the building.
Alternatives in the same city
Our portfolio has other schemes in Birmingham too. By entry price:
- No. 30 St Pauls: from £237,453, completed
- Paper Yard: from £240,000, completion Q2 2027
- Fountain Court: from £247,000, completed
We can work out together which scheme fits your goal, based on your budget, your intended use and your exit plan.
Answers to the most common questions on this topic: Buying property in the UK
Price, size and availability come from the developer’s stock list dated September 2026 and can change. Source: capital.works® API Global portfolio.
