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Prices: £316,725
Yield: 5.8%
Completion Date: Completed
Lease Length: 250 Years
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About
Standing in the city’s beating heart, The Bank presents a range of luxurious one, two and three bedroom apartments in Birmingham’s tallest residential building. At over
100 metres in height, this 33 storey skyscraper offers unrivalled views across one of Europe’s most vibrant cities and its distinctive network of working canals.
With the Metro tramline right on the doorstep, an on-site gym, shared open space and ready access to everything offered by this exuberant and multicultural metropolis, life at The Bank just couldn’t be more desirable. Europe’s youngest city is a renowned seat of learning, drawing thousands of international students to its five outstanding universities. A further 15 universities (offering the widest range of courses) are all within an hour’s drive.
Important Details
Important Details:
- 2 Beds remaining from £316,725
- Birmingham's Tallest Skyscraper
- Yields of 6%
- 10% Deposit on Exchange
- 250 Year Lease
- Private Outdoor Space
- Gym, Concierge, Onsite Coffee Shop & Restaurant
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Location
Attracting more people moving from London than any other city, Birmingham is also at the centre of one of the largest Business, Professional & Financial Services clusters in Europe. Home to HSBC’s new UK banking HQ, Birmingham also boasts large regional offices for such high profile names as Deutsche Bank, Wesleyan, Lloyds, Gowlings and PwC.
Key Investment Points
- Historical price growth – One of the best performing cities in the UK with 8.2% price growth between Dec 17 – Dec 19 compared with London at 1.4% and 31% growth over the 5 year period from 2013-2018, outperforming the nationwide UK market
- Prices grew by 5.5% between Jan-Sep 2019, outperforming the UK average of 3.5%
- Capital growth potential – Property prices in Birmingham are amongst the fastest growing in the country with new build apartments especially in demand, further growth of 18% is predicted by 2024
- New build units are 60% cheaper than in London
- Rental growth – Rents are forecast to increase by 19.7% within the next 3 years driven by demand from young professionals and a growing population
Calculate Mortgage Repayments
Securing a mortgage is a huge financial commitment. Whether you are saving for your first investment or financial planning for your next, it is crucial that you calculate correctly. Use our mortgage calculator to help to determine what your monthly repayments will be. This way you can ensure that the rent earnt covers the repayments on your buy to let property.
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Calculate Stamp Duty
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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Rental Yield Calculator
Discover whether a property is worth investing in. Use our Rental Yield Calculator to work out the rental yields on your investment.
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