Now more commonly known now as “f-Digbeth” – this stunning project is located next to The Enterprise Zone – one of Birmingham’s six economic growth zone.
This landmark development will deliver 140 luxury apartments in one-and two-bedroom residences. It has attracted investors & landlords alike, with its internal high-specification and well priced units, allowing for high growth throughout the build phases and beyond.
Apartment availability is down to only 16 remaining, with one-bed apartments from £213,500 (mortgage or cash purchase) with the estimated rental carefully calculated at 5-5.5% net, investors can look at annual returns from £10,675 – £11,743. With the option of Short Let rental at circa 8% Net per annum.
Tenants will experience the best of both worlds, as just moments away from Birmingham’s thriving City Centre and less than five minutes away from Birmingham’s New Street and Grand Central.
Knight Frank’s 2017 Birmingham Report was particularly insightful where values are predicted to hit £500 per square metre by 2020.
“A year ago we suggested values for the highest quality bespoke residential schemes in central Birmingham would reach £500 psf by 2020. We now have evidence of some niche schemes hitting £425 to £450 psf, so we are sticking with this forecast”
Mark Evans, Knight Frank
Birmingham is the youngest city in Europe, with under 25’s accounting for nearly 40% of its population – and with approximately 80% of city centre residents being tenants, there appears to be considerable room for growth in the sector – as the benefits of professionally managed Buy-to-Let over the private rented sector begin to be realised by the investor.
Birmingham is more attractive than ever with the arrival or imminent arrival of HSBC, Deutsche Bank, and HMRC and an expansion of Price waterhouse Coopers Offices and the work force employed on the HS2 to London project have combined brought more young professionals to the area and underpin the domestic demand for high quality rental housing.
Digbeth is the hottest new place to live in the UK! It’s a very cool little place with lots of converted buildings, bars and a young crowd. With Birmingham named the top choice for people leaving London in 2016 and affordability of living in the capital and house prices especially being the driving force for relocation, Digbeth will become the hottest new place to live.
The area, so close to Birmingham City Centre, New Street Station and The Bullring, received great attention both from investors and the highly skilled, highly ambiguous millennials flocking to the area to work and live. Digbeth has changed markedly over the last 20 years with the original redevelopment of the Custard Factory really kick-starting this regeneration.
- 140 contemporary high-spec apartments.
- One-beds from £213,500 – only 7 left!
- Two-beds from £271,000 – with £5k discount in first phase – only 9 left!
- Sold unfurnished.
- Fully managed and let.
- Circa 5.5% net p.a.rental return (Long lets)
- Circa 8% net p.a.rental return (Short Lets)
- Only 15% deposit -FULLY PROTECTED
- 85% on completion.
- Ring-fenced – Buyer-Funded project.
- Completion Q4 2020 -phase one Q2 2020