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Southside Residencies, Birmingham From £251,995 | 7.1% Return | Completing Q3 2023- Q2 2024 Only 5% Deposit Required

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INVESTMENT OVERVIEW

Southside Residencies is an off-plan development of 166 boutique one and two bed apartments.

The Development

 

Southside Residencies is located within the heart of Birmingham’s vibrant theatre and Chinese quarter, Southside Residencies will be home to 116 stylish and spacious one, two and three-bedroom apartments in a desirable location that blurs the boundaries between work, relaxation and play.

Highlights

  • 116 luxury large one and two-bedroom apartments
  • Only 5% deposit to reserve
  • Sizes 50m² – 98m² 
  • Yields up to 7.10%
  • Unique monthly payment plan available spread over 30 months.
  • Mortgage service provided
  • Full tenant management service provided
  • Full planning approved
  • 250 Year lease
  • Estimated completion Q4 2023
  • Construction Start Date Q1 2023

Payment Structure

 

To secure an apartment at Southside Residencies an initial payment of 5%  towards your deposit plus £850 legal fees is required. Your deposit is then divided by the number of build term months and paid on a monthly basis. This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing investments where they are. Payments are made across an average build term of 24 months. Monthly and Mortgage payment plans are only available on selected plots. All payment plans provided are correct at the time of development launch

Market Overview

Birmingham

Regeneration

Southside Residencies is located just a 3-minute walk from The Smithfield Masterplan Site of Regeneration

Property Prices predicted to Increase

Property prices are set to increase by 27% by 2026

Rental Yields forecast to Increase

Rental yields are predicted to increase by 14% by 2026

High Demand for Housing

There is a predicted shortfall of up to 500,000 houses by 2026

Birmingham Property Market

Regeneration

Southside Residencies is located just a 3-minute walk from The Smithfield Masterplan, which will revitalise Birmingham’s Eastside and Southside quarters. The Smithfield Masterplan provides a £1.5 billion investment into a 17-hectare mixed-use development located in the creative district. It will add £470 million GVA to the local economy and create nearly 3,000 new jobs over the next 20 years.

Property Prices

The average property price is predicted to  increase by 4.9% per year between 2021 and 2026 with this being an increase of 27% by 2026.

Rental Market

The average rental yield is set to increase by an average of 2.4% per year until 2026, this is a 14% increase over the period.

Housing Demand

Research suggests that Birmingham could miss its government target of 1.5 million new homes by 2026 by as much as 33%. This means a shortfall of up to 500,000. This only bodes well for property prices and rental yields as they will be more competitive with more competition between prospective tenants.

 

Project

Spacious one, two and three bed apartments with a high specification


Types:
1, 2 and 3 Bed
Price
From £251,995
Rental Options:
AST
Completion:
Q3 2023- Q2 2024
Development Type:
Residential
Tenure:
Leasehold 250 Years

Investment

Long term Lets (AST) suitable for both Cash and Mortgage Buyers


Purchase Options
Cash and Mortgage Purchases Available
Rental Return:
Up to 7.1% Yield
Reservation Fee:
5% of Purchase Price + £900 Legal Fees
Mortgageable:
Yes
Fully Managed:
Yes

Alternative Investments

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