194 contemporary apartments fronting Bradford Street, Lombard Street and Cheapside, in the heart of Digbeth.
Influenced by the industrial heritage of the area, the development is in close proximity to some of the coolest cafés, independent shops,
cinemas and arts venues in the country.
Dusky red hued bricks and warehouse style anthracite windows are modern reminders of Digbeth’s place
in history. The internal courtyard with parking spaces and outdoor zones are there for all to enjoy, as is a
spectacular communal rooftop.
Birmingham is known as the UK’s ‘Second City’ due to its rising population, rich history and growing economy. Situated in the heart of England, the city is home to more than 1.1m people, while the greater Birmingham area houses almost 2.5m residents , five universities, and a property sector which is in the early stages of a major growth spurt.
Birmingham is the second largest city in the UK, yet it has been overlooked historically by investors in favour of London, Manchester and Liverpool. However, all the fundamentals are in place to make Birmingham an attractive investment option for anyone seeking to make market-beating returns over the short, medium and long term.
The imminent arrival of the HS2 rail link, a thriving student population and a string of government incentives have combined to make Birmingham a particularly promising option for property investors. Recent research has found that the average rental yields for Birmingham-based homes range from 5.95% to a massive 10.87%, depending on the size and location of the property. Even at the lower end of the market, this easily exceeds the average UK rental yield of 4.4%.
Investing in Birmingham
Birmingham is currently undergoing a huge transformation as part of their Big City Masterplan, creating huge opportunities for the educated property investor.
The forefront of Birmingham’s regeneration is to provide an exceptional standard of living with efficient transportation around the city. Birmingham will have more public squares, parks and pedestrian spaces, combined with it’s beautiful canal network which is to be restored.
With more Michelin Starred restaurants than any other City in the UK other than London as well as beautiful bars and cafes overlooking the water, Birmingham will soon provide a World Class standard of living, that will be recognised globally.
Forecast for Growth
Birmingham is behind the curve with its regeneration, presenting huge opportunities for investors seeking healthy returns. The 20-year Big City Plan aims to improve transport connectivity, as well as building 5,000 new homes and creating 50,000 new jobs. The arrival of the HS2 link will also attract increasing numbers of Londoners to Birmingham, where property prices are much more competitive.
A Window of Opportunity
For new and veteran property investors, there is no shortage of opportunities in Birmingham. The city is well known as an affordable place to live for students, young professionals and families, but there are signs that this is changing.
However, despite its growing popularity, Birmingham is still one of the most affordable cities in the UK for first-time buyers and buy-to-let investors.