Southside Residencies, Birmingham From £251,995 | 7.1% Return | Completing Q3 2023- Q2 2024 Only 5% Deposit Required
Southside Residencies is an off-plan development of 166 boutique one and two bed apartments.
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.
- 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
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
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
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.
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.
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.
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.
Spacious one, two and three bed apartments with a high specification
Long term Lets (AST) suitable for both Cash and Mortgage Buyers