Neighbourhood Watch: Southside, Birmingham

Neighbourhood Watch: Southside, Birmingham

Southside, Birmingham         Driven by a unique mix of developments, Southside has emerged as a vibrant quarter within Birmingham’s expanding city centre. Comprising of new restaurants, bars and clubs characterising the Southside’s Chinatown and Gay Village, the Arcadian Centre, the redeveloped Birmingham Hippodrome and Birmingham Royal Ballet complex, the Radisson Blu Hotel and O2 Academy,

Neighbourhood Watch: Southside, Birmingham

Southside, Birmingham        

Driven by a unique mix of developments, Southside has emerged as a vibrant quarter within Birmingham’s expanding city centre. Comprising of new restaurants, bars and clubs characterising the Southside’s Chinatown and Gay Village, the Arcadian Centre, the redeveloped Birmingham Hippodrome and Birmingham Royal Ballet complex, the Radisson Blu Hotel and O2 Academy, Southside is one of the most dynamic areas in the city.

Culture

The Old Rep Theatre

The performing arts ranging from plays to ballet are popular attractions in Southside, due to the variety of theatres, bars and at spaces.

The Old Rep Theatre, opening in 1913, originally performing Twelve Night, has seen some of the most decorated actors including Michael Gambon, Laurence Oliver and Honour Blackman perform here.  The Theatre was the original home of the Birmingham Repertory Theatre Company and during this time, the first ever modern dress Shakespeare production was performed. Currently the home of the Birmingham Stage Company, every year The Old Rep produces a family Christmas production for an extended run, including The Jungle Book and James and the Giant Peach.

The Theatre also stages shows some of Birmingham’s best amateur theatre companies including Birmingham Savoyards, Youth On Stage, Birmingham Youth Theatre, Stage 27, The Billesley Players, Argosy MTC and MCS Repertory Company as well as educational performances by Shakespeare Schools Festival, Birmingham School of Acting and BOA.

Established in 1993, the award-winning Glee Club presents regular comedy shows and live music.

With two live rooms and a pre-show Lounge bar, The Glee Club offers a distinctly intimate and welcoming show atmosphere that has seen some of the finest live artists perform to incredible audiences. Previous acts include Michael McIntyre, Lee Evans, Russell Howard, Peter Kay, Adele, Duffy, Feist, Supergrass and many more.

Nightlife

Missing, Southside

In the middle of Birmingham’s Gay Village, Missing, is a lively bar with a full dance floor and fantastic drink menu. DJ’s are hard at work during the week, and the weekend sees live acts and cabaret.

Alternatively, The Sunflower Lounge is one of Birmingham’s finest independent bars. With a wonderfully friendly atmosphere that oozes cool without being pretentious, the basement bar owes its success to its purist music policy: indie, rock, soul, 60s, blues, jazz, funk and ska.

Regeneration

As part of Birmingham’s Big City Plan, Birmingham City Council and Southside Business Improvement District (BID) are working on plans to create a vibrant and high-quality public square outside the Hippodrome Theatre and improve the streets.

In the final phase of redevelopment, the pedestrianised area outside the Hippodrome is being transformed into a high quality lively public space suitable for everyday use and special events. The square will create a new heart for Chinatown and will provide an enhanced setting for the Hippodrome and Back To Back Houses plus a gateway to the Gay Village. It will also transform pedestrian and cycling links between New Street Station and Birmingham Smithfield development.

Well known as one of the most diverse and creative areas of Birmingham, Southside BID supports a diverse range of businesses. The proposed plans will create a cultural heart for Southside to further promote the area, whilst celebrating and highlighting a huge range of local talent.

Not only will this be a great opportunity to attract new visitors and tourists to the Southside district, it will also increase dwell time and provide an exciting new space for events, festivals and entertainment to take place and act as a magnet to drive footfall.

The proposals include:

  • High quality natural stone paving, suitable for pedestrians and cyclists, replaces the existing footway and old black top road.
  • New lighting will be installed and old street clutter (e.g. poles from road signs) will be removed to create a new space for events in front of the Hippodrome.
  • New trees will improve the look of the area and bring environmental benefits.
  • The cycle route through the area will be retained, with a new central island on Hill Street to improve segregation from vehicles.
  • Changes to taxi facilities.

Cuisine

Ming Moon restaurant

Surrounding the various bars and theatres, Southside is home to some of the most pristine eateries. Ming Moon, is a grand and opulent celebration of food. Offering banquet-style Chinese cuisine, Ming Moon serves over 60 dishes of Pan Asian food including Cantonese, Northern Chinese, Sichuan, Thai, Japanese and Indian. Matched by their stylish red leather semi-circular booths, there’s live cooking from the open kitchen serving Teppanyaki, Dim Sum, Sushi, BBQ, Noodles, Congee, Vermicelli Roll, all topped off with a vast selection of desserts.

Browns Birmingham, expert chefs have updated a traditional afternoon tea experience to celebrate 45 years with a nod to all things British. From smoked haddock fishcake to a delicious mouth-watering scone, with a selection of mini deserts to follow, the elegant eatery, has plenty of choices.

Catering to the plan friendly clientele, Not Dogs, is a vegetarian fast food brand featuring Quorn favourites with a unique ‘No Dogs’ twist.

Final Note

The biggest city in The Midland Engine, Birmingham, the fastest growing city in the UK, offers a fantastic opportunity to invest.

Interested in Birmingham properties? If you’re interested in Birmingham, you may also be interested in Nottingham property investment. Email us at info@tarquinjones.com

 

 

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Neighbourhood Watch: Jewellery Quarter, Birmingham 

Neighbourhood Watch: Jewellery Quarter, Birmingham 

Jewellery Quarter    Dating back over 250 years, the Jewellery Quarter is one of the oldest districts in Birmingham.  From humble beginnings, the Jewellery Quarter is now home to more than 500 jewellery retailers and recognised as an international hub of fine jewels. Since its conception, the district has expanded to a cultural beacon to

Neighbourhood Watch: Jewellery Quarter, Birmingham 

Jewellery Quarter 

 

Dating back over 250 years, the Jewellery Quarter is one of the oldest districts in Birmingham.  From humble beginnings, the Jewellery Quarter is now home to more than 500 jewellery retailers and recognised as an international hub of fine jewels. Since its conception, the district has expanded to a cultural beacon to rival Digbeth featuring museums including Coffin Works to restaurants such as Lasan.

Cuisine

40 st pauls, birmingham, jewellery quarter, neighbourhood watch

Leading the way with trendy bars, independent restaurants and creative spaces, the Jewellery Quarter, known locally as JQ is home to an assortment of amenities. The area’s highlights expand to gin emporium 40 St Pauls, named after the stunning St Paul’s Square.

Culture

JQ Festival

Once only known as the home of crystalized rocks, the jewellery Culture has evolved into a beacon of cultural proclivity. The district’s main attraction is the annual July festival, JQ festival, celebrating everything Jewellery Quarter. Dubbed a miniature Glastonbury, the bustling festival features everything from independent musicians to children’s games, epitomising the glamour and diversity of the city.

Additionally, the Jewellery Quarter is home to an assortment of attractions including Museum of the Jewellery Quarter and RBSA.   The neighbourhood’s centrepiece is St Paul’s Square. Lined with streets of offices, music venues and pubs, the Jewellery Quarter is the perfect place to work, rest and play.

Image: RBSA (HYPERLINKED: http://www.rbsa.org.uk/)

Transport

Jewellery Quarter station

Considered the Shoreditch of Birmingham and one of the growing city’s highlights, the Jewellery Quarter is a powerhouse of transportation options. In less than ten minutes, JQ is sandwiched between Grand Central and Wolverhampton via tram and is a regular stop on the Birmingham to Worcester line operating every 10 minutes via Birmingham Moor Street and Snow Hill. Matched by road transportation, the neighbourhood is accessible by the M1 and M5 with a multi-storey carpark on Vyse Street.

Retail

Crown Jules

The Jewellery Quarter is Europe’s largest concentration of businesses involved in the jewellery trade, producing 40% of all the jewellery made in the UK.

Final Note

The heart of Birmingham’s creative scene, the Jewellery Quarter mixes heritage with contemporary creative sectors to strengthen Birmingham’s position in the Northern Powerhouse. As Birmingham continues to be the fastest growing city in the UK, the Jewellery Quarter has evolved into an amazing opportunity for property investment.

Ready to see Birmingham properties? Email us at info@tarquinjones.com for more details.

 

 

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Neighbourhood Watch: Digbeth, Birmingham

Neighbourhood Watch: Digbeth, Birmingham

Brum City    Digbeth is Birmingham’s self-titled creative sector and most distinctive part of the city, less than ten minutes from Bullring and Grand Central. Named “the Coolest Neighbourhood in Britain” by the Sunday Times, Digbeth is a favourite for generation rent. With the upcoming arrival of HS2 and New Street rail station £770 million

Neighbourhood Watch: Digbeth, Birmingham

Brum City 

 

Digbeth is Birmingham’s self-titled creative sector and most distinctive part of the city, less than ten minutes from Bullring and Grand Central. Named “the Coolest Neighbourhood in Britain” by the Sunday Times, Digbeth is a favourite for generation rent. With the upcoming arrival of HS2 and New Street rail station £770 million redevelopments, Digbeth celebrates 5-6% rental yields.

Culture

Digbeth is a trendy, artistic hub comprised of galleries and studios. Eastside Projects is a free, public, artist-run space, showcases temporary shows from both local and international artists. Every Friday of the moth, the artists’ collective teams up with other groups in the area to delivery special events.

 

 

 

 

 

 

 

Transport

New Street Station has undergone £770 million redevelopments, boosting daily passenger capacity to 240,000. The new station is five times the size of the original station with a striking height atrium topped with a bubble roof made from ETFE, a fluorine-based plastic.

 

 

 

 

 

 

 

 

 

Haute Cuisine

Digbeth, Dining Club, Birmingham Mail

Digbeth is home to the infamous Dining Club, a street food dining experience. Cooking a range of alternative cuisines with energetic DJ’s, visitors can enjoy everything from Pizza and crepes to Caribbean and Malaysian dishes under the partially covered rooftop.

 

 

 

 

 

 

 

 

A Final Note

A growing city, Birmingham is proving to be a metropolitan city, with something to accommodate everyone. The rising economy, mass regeneration, and emerging transport links make Digbeth one of the most demanding places for property in the country. Now is the time to invest in the future of the country, the future of education, employment and most importantly, property.

Ready to see Digbeth properties? Email us at info@tarquinjones.com for more details.

 

 

 

 

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Features of Birmingham

Features of Birmingham

Birmingham has a rich and detailed history as one of the UK’s biggest and best cities. The distinctive accent, the history and multi-cultural nature of the city makes ‘Brum’ such a unique place to visit and experience. Here are some of the well-known features of Birmingham which make it such an attractive city in the

Features of Birmingham

Birmingham has a rich and detailed history as one of the UK’s biggest and best cities. The distinctive accent, the history and multi-cultural nature of the city makes ‘Brum’ such a unique place to visit and experience. Here are some of the well-known features of Birmingham which make it such an attractive city in the UK.

It’s the second largest city in the UK

After London, Birmingham is home to the most people in the UK with a population of over 1.1 million people, higher than the likes of Manchester, Leeds, Edinburgh and Liverpool.

The city has longer canals than Venice

Birmingham has an intricate canal system that dates back to the Industrial Revolution in which they were used to transport coal, iron and other heavy goods. This played a huge role in Birmingham’s development as a city and the 35 mile canal system within Birmingham itself dwarfs the 26 miles of canal that Venice has to offer. An interesting fact is that the entire Birmingham canal navigations make up 100 miles in total- that’s nearly as long as the distance from Birmingham to London!

It has 9 twin cities

Birmingham has to date nine sister cities that have modelled itself after it. These include Chicago, Frankfurt, Johannesburg, Lyon, Milan, Leipzig, Guangzhou, Changchun and Nanjing. Another interesting fact is that Birmingham, Alabama in the United States is named after the city and shares an industrial kinship with it, a nod to the legacy of Birmingham in the United Kingdom.

The industrial steam engine was invented here

Perhaps one of the most important inventions in British history, it was Thomas Newcomen who created the world’s first practical engine to harness the power of steam in 1712. Because of the importance of this, July 14th is now known as Black Country Day which marks the regions industrial heritage. James Watt would later design an improved version in 1776 that doubled its fuel efficiency.

Its Jewellery Quarter has the largest area of jewellery shops in Europe

Birmingham’s Jewellery Quarter has the highest concentration of jewellery shops in Europe, with around 40% of the countries jewellery produced there. If you come across a fancy watch or necklace in a shop, fact is there’s a good chance it was made in Birmingham’s Jewellery Quarter!

It has a famous sporting heritage

Birmingham has a rich history as a hotbed of sports, with the original concept of England’s Football League and tennis both originating from the city. Its most successful football club Aston Villa have won 7 league titles and is one of only 5 English clubs in history to have won the European Cup. Birmingham will also host the 2022 Commonwealth Games.

It’s the birthplace of heavy metal

Birmingham has had many pioneering heavy metal bands which include Black Sabbath, Judas Priest and half of Led Zeppelin having come from the city. Other famous musical groups and artists from Birmingham include Duran Duran, Electric Light Orchestra and Dexys Midnight Runners.

It has the largest public library in Europe

The Library of Birmingham is the largest regional library in Europe lending 8 million books every year. 2.4 million visitors came to the library in 2014, making it the 10th most popular visitor attraction in the UK.

It has a rich literary history

Many famous British writers and authors were born, raised or lived in Birmingham. Arthur Conan Doyle, famous for the Sherlock Holmes novels, worked in the Aston area of Birmingham. Poet W.H. Auden grew up there as did award winning playwright David Edgar. J.R.R Tolkien was brought up in Birmingham and several city locations inspired places in the Lord of the Rings trilogy- the books two towers were apparently based on the water works building at Edgbaston in Birmingham.

It’s one of the greenest cities in Europe

There are 571 parks in Birmingham- more than any other European city- totalling over 3,500 hectares of public open space. Sutton Park is the largest urban park in Europe and has a National Nature Reserve.

It’s the home of Cadbury’s chocolate

Cadbury’s is a British institution, being recognised as the maker of the countries favourite confectionary including the iconic Dairy Milk chocolate bar. This all originated in Birmingham as John Cadbury began selling tea, coffee and drinking chocolate in Bull Street Birmingham in the early 19th century. In 1854, the Cadbury brothers received a Royal Warrant as manufacturers of chocolate and cocoa to Queen Victoria.

It’s one of the most culturally diverse cities in the UK

Birmingham is home to people of many different backgrounds and ethnicities- including people of Indian, African, Caribbean and Chinese descent. An interesting fact about Birmingham is that the Punjabi bhangra music movement started in the city in the 1960s- it truly is a city that demonstrates Britain’s multi-cultural nature and the city have been influenced by this heavily.

Birmingham is a wonderful city filled with history, cultural movements and phenomenon’s, and superb infrastructure and architecture. Tarquin Jones offers a variety of investment opportunities at the heart of all I’ve mentioned here, including the high class One BHM development.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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Best Northern UK cities to invest in

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots. IP Global’s latest report has listed the following as the best UK northern property hotspots- Liverpool The

Best Northern UK cities to invest in

The Northern Powerhouse continues to have the desired effect of regenerating major northern UK cities. As a result of this, investors looking for excellent Buy-To-Lets delivering on capital growth and rental returns are turning to these northern hotspots.

IP Global’s latest report has listed the following as the best UK northern property hotspots-

Liverpool

The North West of England in general is a prime property hotspot and Liverpool sits right at the heart of all the regeneration the region is experiencing. £5.5 billion has gone into the city centre alone in terms of rejuvenating the cities infrastructure, transport links and amenities. This money has trickled out into surrounding areas like Bootle and Birkenhead which combine excellent rental yields with capital appreciation- the L7 postcode alone is bringing in average rental returns of a huge 12.63%.

House prices in Liverpool have risen by 2.4% over the last year and monthly rents have risen by 5.2% over the same time period to £765. Properties in the private sector are becoming more and more popular with landlords with 26% of all homes built last year being bought by investors. This just goes to show the city is proving popular with those looking to capitalise with Liverpool set to become a true international city in the upcoming years.

Manchester

Forming part of the North West with Liverpool, Manchester is also pinned by IP Global’s report as a major property hotspot. JLL predicts rental growth to hit 16.5% over the next four years, average yields in the city are currently around 7%, with properties priced at an average £182,630 – a 10.4% rise over the past year according to the figures.

Graham Davidson, managing director at Sequre Property Investment, said: “Investors who continue to chase capital growth in the south rather than switching to the north-west may find themselves struggling not only to break even on rental yields, but to make any capital growth profit.”

Birmingham

The prospect of HS2 has played a massive role in Birmingham’s status as a UK property hotspot. Many major companies and businesses have relocated there, HSBC and Deutsche Bank being two, and as such demand for property here is incredibly high. Here, yields according to IP Global are 6.2% annually, while an average property can be bought for £200,430, which is 8.9% higher than last year.

New proposed metrolinks running in the city centre easily links it to the HS2 station and Birmingham International Airport contribute to the major regeneration happening. With big works being done to Birmingham New Street station as well, many investors are eyeing up off-plan developments at the heart of all this with huge capital appreciation expected in the future.

The Birmingham area is set to be transformed for the 2022 Commonwealth Games, so investors who buy now will be set to benefit from this added investment as well.

Leeds

IP Global’s report shows that Leeds is struggling big time to meet the ever-growing demand for property. 90,000 new homes are needed by 2021 but there are only 60,000 in the pipeline. This shortfall is only set to bump up prices even further in Leeds with the city already rising by 4% over the last year. Rental growth is expected to rise by 18.8% by 2022 as well according to research.

Yields of 6.8% can be achieved in the area, with average homes costing £196,720 and rents fetching £947 a month.

Hamish Pound, the head of investment at IP Global, said: “We advise investors to focus on supply and demand because an imbalance here is likely to provide the greatest gains.”

A common feature of all these major cities is the fact they are all big student/university towns. This only serves to increase the demand further as more and more flock to these hotspots to study and live there. Prices can only go up further because of the supply struggling to meet this sustainable growing demand.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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7 reasons why Birmingham is one of the top investment locations in the UK

7 reasons why Birmingham is one of the top investment locations in the UK

Birmingham is currently a hotspot city for property investment with many choosing to put their money in Britain’s Second City. Investors love the big levels of capital growth being seen on property there along with respectable rental income and yields and with billions of pounds of regeneration being pumped into the city, this is all

7 reasons why Birmingham is one of the top investment locations in the UK

Birmingham is currently a hotspot city for property investment with many choosing to put their money in Britain’s Second City. Investors love the big levels of capital growth being seen on property there along with respectable rental income and yields and with billions of pounds of regeneration being pumped into the city, this is all set to increase even further in the coming years. Here are 8 reasons why to invest in Birmingham.

  1. Booming economy

Birmingham is the second largest UK city next to London and has one of the largest legal and financial services centres in Britain. Many internationally recognised businesses and companies have relocated there, perhaps most notably HSBC and Deutsche Bank which increases the number of affluent individuals living in the city.

The demand for high end property to house said individuals is therefore high and prices are rising due to the economic growth in Birmingham, in fact the West Midlands region is set to be the fastest growing economy in the UK with chartered accountants EY saying that economic input in the region will grow 1.8% a year. The strong economy of the region and Birmingham in particular, make it a great city to invest in currently and in the years to come.

  1. HS2

HS2 is a high-speed rail network set to come to the UK starting with Birmingham in 2026. It is set to reduce journey times from Birmingham into London to 49 minutes and as such interest in Birmingham from an investment perspective has risen.

More and more people will commute for work purposes and mean that someone can live in Birmingham yet work somewhere as far as the capital or vice versa. When HS2 is completed, property in and around the station will rocket in value and this is a major reason why many are choosing to invest in Birmingham right now.

  1. Young population

Birmingham boasts a young populace amongst its citizens, the youngest of any major city in Europe in fact. Under 25s make up 40% of the population and its young demographic lends well to the rental market as many do not have the funds yet to purchase their own homes.

As such, many are turning to private sector property to live in and many graduates from Birmingham’s 3 different universities often stay living in the city due to the quality of life, affordable prices and better job prospects.

  1. Major regeneration

Birmingham has seen billions of pounds investing in improving its infrastructure, transport links and new property being built. HS2 is obviously a major factor, but other projects include new Metro links running in the city centre which goes direct to Birmingham International Airport and the HS2 terminal, a £600 million redevelopment of Birmingham New Street station, and the Library of Birmingham which opened in 2013- the largest regional library in Europe.

This is all part of Birmingham’s Big City Plan, which aims to create more than 5,000 new homes and 50,000 new jobs transforming Birmingham into a true international city. Buying into the city before all this leads to huge capital growth is a big reason to invest in Birmingham.

  1. High quality of living

Every year, the Mercer Quality of Living Report ranks cities for the quality of life they offer. Mercer rates across a range of factors, including economic and educational factors, access to leisure amenities, green spaces and fresh air, as well as the cost of living.

It’s no surprise then that, in its 2018 report, Mercer ranks Birmingham at the top of all English cities when it comes to quality of life. Many UK citizens in other major British cities are relocating to Birmingham for work and educational purposes- for this reason, demand is high for property and high demand coupled with low supply always leads to an inevitable rise in prices.

  1. Student city

Around 40% of Birmingham’s population is under 25 years old and much of this can be attributed to the high number of students living there. Many choose to study in one of the cities universities and many choose to continue living in Birmingham post studies due to the high quality of living.

With such a high number of students, graduates and young working professionals based in Birmingham, it’s only natural that the amount of people renting is rising all the time. This presents an opportunity for investors looking to buy a property that secures them a solid rental income over several years. This highlights Birmingham as a city that offers sustainable income due to the ever-growing demand.

  1. Variety of property sectors

One particularly great aspect about Birmingham as an investment location is the wide variety of profitable property sectors on offer. Traditional residential property is in place to capitalise on the huge demand. Student developments are perfectly placed to cover those in education and commercial projects are ideal to take advantage of the increased workforces relocating to the city.

This is a broad range of property in terms of pricing, meaning that Birmingham is great for those looking to either start up or add to their property portfolios.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

 

 

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Property Investment Areas – Digbeth in Birmingham

Property Investment Areas – Digbeth in Birmingham

In today’s edition of Property Investment Areas, we’re going to take a look at the UK’s 2nd largest city Birmingham, and specifically the district of Digbeth near the city center. The area itself Digbeth is fast becoming one of Birmingham’s trendiest and popular locations for the young population. It’s been touted as “the Shoreditch of

Property Investment Areas – Digbeth in Birmingham

In today’s edition of Property Investment Areas, we’re going to take a look at the UK’s 2nd largest city Birmingham, and specifically the district of Digbeth near the city center.

The area itself

Digbeth is fast becoming one of Birmingham’s trendiest and popular locations for the young population. It’s been touted as “the Shoreditch of Birmingham” and the area boasts character as evidenced by the architecture and buildings within this conservation area. The regeneration of these buildings is creating some fabulous living spaces designed to meet the massive demand for property in the region.

Proposals for Digbeth also include 33,000 sqm of retail place, 150,000 sqm of office space and 75,000 sqm of residential development. It is estimated that this would create over 5,000 jobs…exciting times for the City’s premier Creative Quarter. Digbeth’s historic setting will provide a variety of unique and inspirational opportunities perfect for the growing number of companies involved with digital technologies, design, television production and the arts. It is envisaged that this will include a mixed-use scheme at the prestigious Typhoo Wharf and a canal side residential neighbourhood.

Birmingham as a whole

Today, Birmingham is a city of outstanding statistics with a regional economy in excess of £90 billion. It is also a city setting an exceptional benchmark for a quality lifestyle- with the cost of living some 60% lower than London. Thanks to its innovative 18th century industrialists building a canal network to aid trading links, the city has more miles of canals than Venice with 56 kilometres of waterways.

Birmingham has had several high-profile companies relocate to it’s city centre from the likes of London and with millions of pounds of investment being pumped into the Midlands, it’s easy to see why. Deutsche Bank, HSBC and HMRC are just a few of those setting up shop in Birmingham. With the thousands of employees from these companies and others relocating to areas in and around Birmingham’s city centre i.e. Digbeth, the demand is set to skyrocket in the near future.

Perfect for students

Around 40% of Birmingham’s population is under 25 years old, and much of this can be attributed to the number of students living there. From an investment point of view, this high student population goes hand-in-hand with the youthful, trendy area of Digbeth and its many bars, art style and restaurants. Due to the high quality of living, many choose to continue living in Birmingham and indeed Digbeth after their studies.

With such a high number of students, graduates and other young working professionals based here, its only natural that the amount of people renting is rising all the time. This presents an opportunity for investors looking for a property that secures them a solid rental income and masses of capital growth because of the ever-growing demand.

What are the experts saying?

A lot of property experts and agents are highlighting Birmingham, and Digbeth in particular, as a property investment hotspot.

Jonathan Stephens, the founder and MD of Surrenden Invest, says that the city, though often overlooked, has a great deal to offer buy-to-let investors this year.

He wrote: “Birmingham’s youthful population and the huge number of graduates that the city produces every year has created an excellent environment for entrepreneurship.

“One part of the city in particular, Digbeth, has become a hotspot for new businesses and cultural activities, attracting large number of young professional residents.

“We will see Digbeth, just 10 minutes from New Street Station, booming with gentrification this year, and so now is the time to buy before prices soar.”

Summary

Digbeth will change a lot over the next ten years. The area is very close to the city centre, all major transport links and shopping areas such as New Street Station, the Bullring and Birmingham Coach Station. Also, the famous Custard Factory has been sold to an ambitious property developer which can be considered an additional regeneration project.

Maybe the most important government plan – HS2 (High Speed 2), which station will be on Curzon Street in Digbeth and is what will change the face of area completely. Digbeth will benefit most from the HS2 and the Metro tram with new independent shops, pedestrian routes and cultural events. All these factors together make Digbeth the most attractive buy-to-let investment area in Birmingham.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

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HS2 and its effect on house prices in major UK cities

HS2 and its effect on house prices in major UK cities

HS2 is the new high-speed rail network coming to the UK which will massively enhance travel links across the country and reduce travel times. Starting in Birmingham with the first phase due for 2026 and coming to the North West of England due for 2032, the mere mention of HS2 has already driven up house

HS2 and its effect on house prices in major UK cities

HS2 is the new high-speed rail network coming to the UK which will massively enhance travel links across the country and reduce travel times. Starting in Birmingham with the first phase due for 2026 and coming to the North West of England due for 2032, the mere mention of HS2 has already driven up house prices to properties that will be near the stations. Here, I will discuss the effects of HS2 on property and how investors are taking advantage of potential capital growth well before completion.

Travel from major northern UK cities to London will be easier than ever with HS2 in place. Birmingham to London will be a 49-minute journey, and a train from Manchester to London via HS2 will be an hour faster than it is now; down 67 minutes from 127. This is a commuter’s dream, meaning that many will look to live in property which is walking distance from the HS2 terminal in city centres. The increased demand will lead to house price increases, and many investors are putting their money in off-plan property in cities like Birmingham, Manchester and Liverpool to capitalise on this in the future.

A good example model for how enhanced transport links can increase house prices is the Crossrail in London and outer London areas. In London and the South East, the increase in value of residential property close to Crossrail stations, since that project was confirmed in 2007, ranges from 36-60%. Further increases are likely – values tend to get another boost once operations begin – but already smart money is turning to the High Speed Two rail link (HS2), especially now that the route from Birmingham to both Manchester and Leeds has been confirmed.

Over time there is also the distinct possibility that HS2 could invigorate the property market in the whole of the north of the country, thus addressing a problematic issue that has dogged Great Britain for too long: the north/south divide. The government predicts that 70% of the jobs created by HS2 will be outside of London, itself a catalyst for giving a boost to the property market in areas such as Birmingham and even other Midlands cities.

Figures suggest that the East Midlands will gain most as a region in percentage terms – between 2.2% and 4.3% increase in output in 2037 projected, which may prompt a revival in the property market in many northern UK cities in the years to come.

Many big businesses and companies are taking note of the HS2 effect its having on major northern cities. Birmingham has already seen a series of major corporates taking the opportunity to shift large parts of their business out of central London. HSBC and Deutsche Bank have done so recently leading to an increase of those needing property in the city centre. Perhaps most significantly, in March 2015 HSBC announced that it would move around 1,000 jobs from London to Birmingham, much of which is near the proposed HS2 station in Digbeth.

As a result, residential investors have already started ploughing into Digbeth, the area immediately near the anticipated HS2 station in Curzon Street. “There has been a wave of interest from developers in the area around the planned Curzon Street HS2 station,” says Mark Evans, head of regional residential development at Knight Frank. “The station is part of a much wider regeneration of this area and we can see this reflected in land prices.”

A similar story is to be found in Leeds and Manchester – something that both cities’ councils are keen to exploit. In Leeds, the council has designated the area around its main train station – which should start to receive HS2 services in 2033 – as an area to accommodate around 4,000 new homes. In Manchester, meanwhile, the council has designated six zones adjacent to its nascent HS2 station, three of which are expected to deliver significant volumes of residential property.

Due to the fact HS2 is some way off just yet, many big property agents are wary to forecast figures in terms of what the expected growth will be. But because of historical trends of transport link enhancements increasing property prices in the surrounding area i.e. Crossrail and DLR in London, all are confident that HS2 will follow in a similar vein and lead to capital growth for homeowners.

To see all the Tarquin Jones investment opportunities https://www.tarquinjones.com/investments_all/ for more information. Alternatively, you can give us a call on 020 8445 6542 and speak to a member of the team today.

AdminHS2 and its effect on house prices in major UK cities
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The Northern Powerhouse – why more property investors are looking up north

The Northern Powerhouse – why more property investors are looking up north

The Northern Powerhouse has many of the UK’s current property hotspots and why the region is leading the way for UK BTL investment. Since the Brexit vote, more and more investors have taken a step back from the London markets due to stagnant property prices and low yields that were in place way before 2016.

The Northern Powerhouse – why more property investors are looking up north

The Northern Powerhouse has many of the UK’s current property hotspots and why the region is leading the way for UK BTL investment. Since the Brexit vote, more and more investors have taken a step back from the London markets due to stagnant property prices and low yields that were in place way before 2016. What many Buy-To-Let investors are now seeking is quality northern property that delivers on both capital growth and high rental returns.

Northern cities leading the way

The latest house price index – this one from Hometrack  (https://www.hometrack.com/uk/insight/uk-cities-house-price-index/february-2018-cities-index/) – confirms what Tarquin Jones have been saying for some time- London and the South have been usurped by northern cities for house price growth.

In Edinburgh, the average house price is 8% higher than it was a year ago. House price growth is not far behind in Liverpool (7.8%), Leicester (7.7%), Birmingham (7.7%), Manchester (7.1%), and Leeds (6.9%).

London prices flat lining

By comparison, prices in the capital are stagnant and a far cry away from London’s reputation as the UK’s premier city to invest in for capital appreciation. Average house prices in London are growing by just 1% (down from 4.3% a year earlier).  With yields of 3-4% (if you’re lucky) in and around London compared to 7-8% minimum in major Northern cities like Manchester and Liverpool, the capital at the moment just doesn’t hold a candle to what is being offered elsewhere.

By no means are we saying London is a doomed market and there are hotspots still there experiencing some good levels of growth, the inflated prices ultimately don’t make it as worthwhile as it was. The smart money is going into growing Northern cities undergoing huge levels of regeneration.

What the experts are saying

Russell Quirk, CEO of eMoov, agrees that London is likely to be one of the weakest UK property markets over the next two to three years, but says:

“As we’ve seen over the years, the popularity of the London market is cyclical and while it may have fallen out of favour, for the time being, this cool in price growth is unlikely to prevail as the year plays out and it is highly unlikely we will see a market crash of any shape or form.”

Where exactly are the best northern hotspots?

Major cities in both the Midlands and the North are where investors are turning to flesh out their BTL portfolio and even base them there. There are many factors as to why this is including:

  • Property prices in major northern UK cities are more affordable in comparison to London. Properties in Birmingham and Manchester, for example, are less than half the price when compared to similar properties in the capital.
  • Rental yields are better in the northern cities, too, where it is possible to buy an income yield of 8% or 9%. The reason why you’d previously have invested in London was never the yields- more for the capital growth.
  • Add the rental yield and price growth together and annual returns are far higher in the cities of the Midlands and the North than they are in London and the South.

HS2 and the impact it’s having

The effects of HS2 are already being felt as major off plan developments are being situated right at the heart of the new high speed rail network. Major city centres in Birmingham, Manchester and Liverpool are set to undergo huge capital appreciation as a result of HS2 drastically reducing travel times via train.

For example, travel times from Birmingham to London are set to be reduced to a mere 40 minutes via HS2. As such, the demand for property within walking distance of the rail will skyrocket and lead to price increases in these areas.

Meanwhile, businesses will be attracted to Manchester and Birmingham for similar reasons. Indeed, some firms have already begun the relocation process; with Deutsche Bank, HSBC and most recently Channel 4 are relocating staff from London to Birmingham with lower business rates in a growing city being the main attraction.

Add to the mix fantastic retail offerings, superb schools and universities, incredible nightlife, sports, and recreational facilities, and you start to see the whole picture. The Midlands and the North are primed with property investment potential.

For more information regarding northern UK property investment, give us a call on 020 8445 6542 or email us at info@tarquinjones.com

AdminThe Northern Powerhouse – why more property investors are looking up north
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Are house prices in Manchester and Birmingham set to increase by 30%?

Are house prices in Manchester and Birmingham set to increase by 30%?

Are house prices in Manchester and Birmingham set to increase by 30%? UK cities have seen house price increases of 5% on average over the past year to reach £211,200 in January. Birmingham and Manchester are amongst those seeing the strongest gains and this looks set to continue throughout 2018 and beyond. Are house prices in

Are house prices in Manchester and Birmingham set to increase by 30%?

Are house prices in Manchester and Birmingham set to increase by 30%?

UK cities have seen house price increases of 5% on average over the past year to reach £211,200 in January. Birmingham and Manchester are amongst those seeing the strongest gains and this looks set to continue throughout 2018 and beyond. Are house prices in Manchester and Birmingham set to increase by 30%?

London has been the capital growth hotspot in the UK for a number of years seeing an 89% house price increase since 2009 as many domestic and international investors took advantage of the financial crisis aftermath. However, prices in the capital have stagnated over the last year and as such many are turning to other major thriving UK cities to secure a good return on investment.

Manchester saw a 6.7% increase in average house prices up to £158,800 and Birmingham experienced a 7.3% spike to £154,600. Both percentages are higher than the national average increase of 5% over January 2017 to January 2018. Liverpool also saw its prices go up by more than 6%.

The Hometrack UK Cities House Price Index has registered a real-term decline in the capital, while these other regional areas have been seeing good growth. The index predicts that house prices in the likes of Birmingham and Manchester in particular will see a hike of between 20% and 30% over the next three to four years, based on its analysis of current trends and housing cycles.

Richard Donnell, insight director at Hometrack, said:

“We expect to see average house prices rise by 20% to 30% in cities like Edinburgh, Birmingham and Manchester in the next three to four years.”

“The income to buy a home in regional cities is well below the London average so in the near term we expect to see rising house prices stimulating additional buying and market activity in those areas.”

He added: “House prices have some way to increase before there is a material constraint on demand. This assumes mortgage rates remain low by historic standards and the economy continues to grow.”

Cities outside southern England have further room for house price growth Hometrack concludes.

There are also questions over the sustainability of pricing in London where gross yields are sub 4.5 per cent and affordability levels are at an all-time high.

Hometrack expect average house prices in London to drift lower in real terms in the coming two and three years with lower turnover creating scarcity and supporting price levels.

Emoov.co.uk founder and chief executive Russell Quirk commented: “The UK remains a vast and varied landscape in terms of the property market and it is interesting to see how this also relates to the recovery time of each city since the end of the downfall in 2009.

“We’ve seen a modern-day tortoise and the hare tale as those cities, like London, that saw a rapid return in property prices in the more immediate aftermath of the market crash, are now paying the price in slower market conditions.

“At the same time, those larger regional cities that have required a much longer recovery period are now pulling away where price growth is concerned and have become a much more attractive proposition for buyers.”

 

 

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