Birmingham City Centre Investment property
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Tel: +44 (0)1932 849536

PV900048 - Birmingham City - Jewellery Quarter Investment

Jewellery Quarter, Birmingham, ENGLAND, United Kingdom

 Description

Birmingham is the UK's second city by population size and with HS2 coming to the heart of Birmingham enabling London commuting, more residents and business are setting up here. Property is seeing steady price and yield rises year on year.

Why invest in buy-to-let property in Birmingham?

The UK’s next largest city after London, by population (1.1 million), rising to 2.5 million when combined with nearby Wolverhampton, Birmingham is a major education hub with five universities and 75,000 students (its student numbers represent the size of an independent town in its own right). Birmingham has the youngest profile of any city in Europe with 37% of the population under 24 years of age and is the second most ethnically diverse population in Europe. The city attracts 33 million people a year for business and pleasure.

A reputation as a city of economic opportunity has driven Birmingham’s economic boom and as a result the UK’s second city is one of the country ’s biggest financial and commercial centres.

Many businesses are becoming increasingly aware of Birmingham’s potential. Recent large -scale relocation activity from London include Deutsche Bank, Deloitte and notably HSBC who relocated over 1,000 key staff to their newly purpose built offices at a cost of £200 million. Birmingham is also home to the highest percentage of flexible office take up in the UK, providing modern workspaces for start-ups, tech companies and freelancers.

As a result Birmingham has an exciting start-up scene, with more new start-ups and active businesses than any city other than London. Creative businesses, digital agencies and tech start-ups are focused around Silicon Canal, which is home to some 210 tech companies. Overall, Birmingham is home to 6,000 tech firms, employing 38,300 people.

Chinese investment in Birmingham has been particularly notable in recent years. It was reported in late 2018 to have secured more Chinese investment projects than any other UK regional city, with 23 investments safeguarding more than 1,400 jobs. Meanwhile, in 2019, Birmingham was highlighted as beginning to eclipse both Sydney and New York in terms of its attractiveness to Chinese investors. 

Birmingham property market

Land Registry shows prices are rising, with steady annual growth of over 5%. Upward pressure on prices looks likely to continue as demand forecasts of 4,200 homes by 2021 surpass the forecasted supply of only 2,300 over the next three years. With HS2 coming to Birmingham in 2026 this will only serve to buoy the local economy and its property market further, with predictions of average annual price growth of over 6%.  Even with this steady growth, the average cost of a home in Birmingham is still around 60% less than one in London.

Rental growth of 4% per annum is expected, but this is likely to be significantly more in the central parts of the city.

The investment apartments’ central Birmingham city location

These high specification apartments are located in Birmingham's most desirable residential district. With 44 units in the building the developer has meticulously ensured that each apartment offers 20% increased net usable space, with higher ceilings, floor to ceiling windows and Juliet balconies looking out across the city or the courtyard area.

Birmingham investment apartments - pricing and timing

Completion first part of 2022, these apartment offer 6% yields

1 and 2 bed apartments: 1 beds are priced from £190,000 and 2 beds from £255,000

Payment terms are £5,000 reservation, 15% deposit with 85% balance of payment on completion.

Please get in contact for more details using the 'Request More Details' form below

 Tags

 Features

Base Information

Bed
1
Bath
1
Square meter
46.00 sqmt

Land Information

Square feet
46 sqmt

 Amenities

 General Amenities
Central Heating
Double glazing
 Appliance Amenities
Kitchen Appliances
 Community Amenities
Football ground
Gym
Train
Bus
Medical Facilities
Shops
Restaurants
Bars
Airport
Entertainment
University
Schools
Park
 Exterior Amenities
Balcony
Courtyard
Parking
Landscaped
 Security Amenities
Security

 Investment Type

Buy-to-let : 
Investment : 
Year-Round-Living : 

 Construction status

Off-Plan : 
New Build : 

 Investment Category

Residential : 

 Location

  Louise Reynolds

  Request more Details

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