Park Gate - Birmingham
KEY POINTS:
-
Practical completion Q1 2020,
-
From £145,530 1 bed,
-
Close to transport links,
-
High Yield,
-
Luxury spec large apartments.
Built by one of the UKs top developers with a reputation to complete on time and to a very high standard. Surrounded by beautiful landscaping ,the building comprises of 126 studios, one and two bed apartments and boasts an onsite 1,800sq ft gymnasium.
Each apartment is a modern open plan design with state of the art fitted kitchens and bathrooms. Perfect to attract higher end tenants and higher capital appreciation.
An ideal site for property investment and owner occupiers.
About Birmingham
Between December 2016 and March 2017, the biggest surge in workforce jobs in the UK was in the West Midlands, at 65,000, whereas the largest decrease was in the East of England at 36,000 (ONS), more jobs will mean more of a demand for property in the area.
Managerial, professional and technical positions dominate the labour market, accounting for 39% of total employment. Birmingham also has one of the youngest, most highly qualified and most diverse workforces in the UK.
The total number of new jobs created between 2013 and 2025 is projected to be slightly above 29,000, equating to a 5.7% increase. Employment growth is forecast to be much stronger among higher skilled occupations which are expected to see a 13.5% increase by 2025. This will have positive implications for the housing market as these jobs will command higher salaries and thus improve household affordability prospects.
Birmingham was named top choice for people leaving London in 2016 (ONS), house prices and affordability of living in the capital generally being the driving force for relocation.
The initial impact of HS2 will be on Birmingham. The city is already changing fast and undergoing tremendous regeneration and development. Large employers are expanding and, in turn, not only generating more jobs but also a bigger number of higher skilled positions. Relatively low employment and housing costs compared with those of London will support expansion.
Linking Birmingham’s growing financial district and tech sector, including the flourishing creative enterprises in Digbeth, with London via HS2 adds to the attraction for both occupiers and investors enabling further growth.
About 'The Hub'
What the specialists say.
Gareth Jones - Director
It isn't just the HS2 line which makes this development superb, the new tram line planned to go past would be expected to add another 8.5% to the property value.
Add to this a really good price point, in a mature city, with superb spec, large gym, you are investing in something which will both grow in value and create long term tenants generating high yields.
Mark Pearson - Director
Buying into Birmingham is a superb choice for any buy to let investor. With price points getting higher in financial district, Digbeth and Jewellery Quarter smart investors are looking at major growth area's outside of these area's.
You cannot look past 'The Hub' area which already has 65,000 potential tenants. With the new HS2 line coming here buying high quality stock before prices start getting eye watering.
