Popular central Birmingham Buy to Let opportunity

by Property Hotspots

10:24 AM, 23rd March 2017
About 2 years ago

Popular central Birmingham Buy to Let opportunity

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Popular central Birmingham Buy to Let opportunity

A Buy to Let opportunity in the popular city of Birmingham is now available.

Prices start from £149,995, which are extremely competitive value for the city centre location and an  attractive payment plan is also available.

The development is situated in a prime location, with major attractions such as the Bull Ring shopping centre and O2 Academy merely a few minutes’ walk away. It is a collection of 98 one and two bedroom apartments. Complementing its superior location, the apartments will be built using high grade custom built materials that will offer a stylish industrial feel.

Why Invest in Birmingham? 

Birmingham is a clear favourite with investors, and weighing up its investment credentials, it isn’t hard to see why.  Last year, for the second time in a row, Birmingham was named as the best city in the UK to invest money, beating cities such as London, Paris and Milan. Boosts to the area include HSBC’s relocation to the city, and HS2’s move to Two Snowhill.

Birmingham is Europe’s leading business destination with a regional economy of over £90 billion and with the construction of HS2, it is anticipated that more businesses and professionals will move to the city as it is recognised as a cheaper alternative to London.

Birmingham is also home to a high proportion of under 30s (45.7% as opposed to the national average of 36.8%), of whom are renowned to enjoy a more transient lifestyle. Individuals from this age group generally prefer renting due to the flexibility it affords them as they can move to different areas when required, as opposed to being tied down somewhere with a mortgage.

The high proportion of under 30s and Birmingham’s increasing popularity means that units in a property such as B5 will always be in demand, due to its attractive location and amenities.

Investment Fundamentals

  • Prices start from £149,995
  • Completion date Q2 2019
  • Price comparables within 1 mile radius average price per square foot: £326 against £290
  • City centre location
  • 24-month payment plan
  • 30% deposit

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