The Interchange - Birmingham
KEY POINTS:
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Completing next month,
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From £112,200 1 bed,
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Fastest selling midlands location,
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High quality finish.
One of the few truly well priced new developments ready in June 2019 The Interchange has had huge interest from smart investors.
Located in 'The Hub' one of the most important economic locations in Europe, this area is going to have significant price hikes over the coming years with the introduction of the HS2 and tram line running past the development.
Starting at only £112,500 with strong yields, true investors will snap up the 34 units very quickly.
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
A real 'bread and butter' investment which is a great addition to your portfolio.
Quality interiors, great use of light and space gives the apartments a warmth and feeling of being much larger than their floor plates.
At this price point it is impossible to see past profit.
Mark Pearson - Director
For almost immediate rental income, unbelievable location and a cost which wont be seen again in this location, the Interchange was chosen as a superb price point with great returns.
Birmingham is growing and this location is becoming more important each year. Rental demand for 1 beds is exceptionally strong with Birmingham Business Park, Virgin Media, Jaguar Landrover, Birmingham Airport, HS2 interchange and 60,000 other jobs in the vicinity.
