Birmingham Property Investments from £120,000
We will soon be releasing an exclusive selection of luxury 1 and 2 bed apartments in Birmingham city centre, located within a 1 minute walk to Snow Hill station and 4 minutes walk to the Jewellery Quarter. Furthermore, it is just on the doorstep to the buzzing nightlife of Broad Street, meaning excellent rental potential.
The partner developer of the site has extensive experience within the city of Birmingham and London. Prized for developing premium and luxury apartments in London, this development will be very popular with homeowners and investors.
We have been provisionally advised that the units will be priced from £120,000 to £170,000 with most being 1 and 2 bed apartments and having en-suite bathrooms. The interior of the apartments will be done to a very high premium finish with fully integrated appliances. Parking will be made available, but on a restricted basis.
We anticipate having at least 30 units available to us from a total of 70 units, with some being sold to first time buyers / next time buyers as part of a government initiative. Please bear in mind that these investments will be of the high end luxury type of apartments, meaning that whilst the yield will be considerably lower than what we normally work with, the higher scope for capital growth will counter this.
The developer is looking to offer a 2 year rental guarantee of £650 to £850 per month against the 1 bedroom and 2 bedroom apartments respectively. The tenants will predominantly be of of high calibre professionals, working and living in the city.
The developer is currently awaiting final planning permission being awarded with anticipation of an 18 month turnaround to completion. We intend on taking reservations for this investment in early 2015.
- 1 and 2 bed apartments
- Priced from £120,000 to £170,000
- Rental from £650 to £850 per month
- 2 year rental guarantee
- Rental yields from 6.5%
- 50% LTV developer financing*
* This is yet to be finalised with the developer and will only be available to UK residents subject to status.