Birmingham City Region

*New units available* This development offers commuters a range of easy routes to access Birmingham city centre. Close to the heart of West Bromwich, found within Birmingham's wider city region it is ideally situated for easy access to M5 and M6 junctions, Tame Bridge railway station and main bus routes. The Midland Metro tram link is just a 10-minute drive away, connecting commuters to Birmingham city centre in just 14 minutes, and Wolverhampton in 22 minutes. The development comprises of thirty-three, 2 bedroom apartments, 3 of which have en-suite bathrooms. Recent sold comparable show that smaller 2 bed apartments in the surrounding area have achieved up to £125,000 on the open market.

Birmingham is a leading European business destination at the centre of a £90bn regional economy. The city has access to a working population of 4.3 million people and provides a wealth of opportunities for companies looking to expand or invest. In terms of the rental market, it has never been more buoyant than it is today. Rents in the region have risen even faster than house prices, increasing 61% between 2002 and 2012 and are set to rise another 39% by 2020, according to the National Housing Federation.

This is a fantastic hands-off investment opportunity in a region where the house prices are expected to grow by 13% in the next five years, according to Savills' Q4 2016 report.

Investment highlights

  • 2 bedroom apartments priced at £110,000 or £120,000
  • Est. Gross yields of 7.09%
  • Excellent transport links
  • Modern fully-refurbished apartments with new furniture packs
  • Priced from £155 per sq. ft.

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