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Prices: £182,000
Yield: 8%
Completion Date: Q3 2023
Lease Length: 999
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Off-Market Opportunity
What You Can Expect ...
CityRise is delighted to launch this exclusive off-market investment opportunity. Containing a selection of 1, 2 and 3 bedroom apartments this brand new, high specification development is located between Birmingham city centre and Birmingham International Airport. Directly next to Sheldon Country Park, the development enjoys excellent views over one of the areas many green spaces. Residents are spoilt with all the amenities found in the city centre, excellent transports links and considerably more green areas than the city centre, all for a fraction of the price.
Inside the development buyers can expect a high standard finish throughout with large windows allowing ample light and private balconies on most of the units.
Invest Strategically in the
UK's Second City
As the UK’s second biggest city, Birmingham’s industrious heritage, and strategic geographic location has allowed its merchants to trade items such as jewellery, tools, household goods and armaments around the world. In 1889 it earned the title of the ‘City of a Thousand Trades’ and dubbed ‘the first manufacturing town in the world’.
Today, Birmingham has expanded beyond its industrial roots and into a diverse and innovative economic base. In 2020, Forbes ranked Birmingham 2nd in the UK for new business start-ups in a range of industries from banking through to manufacturing and engineering. Birmingham’s meteoric revival has resulted in the economy growing by 90% since the year 2000 alone, totalling over £32.5 billion as of 2020. The economy is expected to expand by a further 81% and reach £59 billion by 2035. At the same time, average GDP growth per capita has risen 63% since 2000 and is expected to reach £48,212 by 2035, a further 70% increase on the 2020 figure.
The West Midland powerhouse has been able to do this through attracting businesses to the city. It now has thousands of employers and is home to national and regional headquarters of some of the world’s largest companies such as HSBC, PWC, KPMG, Rolls Royce and Jaguar-Land Rover.
A New Era of Transport
Located in the heart of England between of London and the northern powerhouse, Birmingham has often been seen as an ideal place for businesses to start-up or relocate. With office space considerably cheaper than in London and a very highly skilled workforce, it is an ideal location to do business. In fact, 90% of the UK's population is reachable in under 4 hours. Travel times via rail are to be shortened further with the brand new HS2 railway getting commuters into central London in just 50 minutes down from 81 minutes and to Manchester in 41 minutes down from 87 minutes.
Its central location and the introduction of HS2 has and will continue to have a profound impact on the property market. As more businesses move to the city more highly skilled workers will follow which drives property and rental prices upwards. Furthermore, with remote working becoming increasingly popular and the commute to London set to be stripped to just 50 minutes, workers are more likely to leave the capital in search of more affordability. This is especially true considering the average commute in London is already an astonishing hour.
Important Details:
- Off-market opportunity - must enquire for pictures, brochures and floorplans!
- Over 40% sold out
- Near HS2 and New Metro Line
- Prices from only £182,000
- 8% yields achievable
- Serviced accommodation permitted
- Very high specification development with parkside Views
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Use this calculator to determine the Stamp Duty Land Tax (SDLT) on your property investment. Stamp Duty is a tax paid by the buyer of a UK residential property. The stamp duty rate ranges from 2% to 12% of the purchase price. However, it can change based upon the value of the property, the purchase date, and whether you are a first-time buyer or not. Also, a 2% surcharge is added to each of these rates for buyers who are non-UK residents.
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Birmingham Investment Guide
Download CityRise's Birmingham investment guide to find out how the UK's 'second city' is quickly becoming one of Europe's best investment cities.
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