Priest House Birmingham

With prices from £84,950, the apartments at Priest House cater to the higher end of the private rental and residential market, guaranteeing investors a 7% net rental yield in an area undergoing significant investment and regeneration

HIGHLIGHTS

  • 7% net rental yield for 1 year
  • Offering prices £84,950
  • Q2 2019 completion
  • Ahead of HS2, Birmingham City has undergone significant regeneration – A fully managed hands off investment

INTRODUCTION

The apartments at Priest House cater to the higher end of the private rental and residential market. Both one bedroom and two bedroom apartments provide ample room with spacious living rooms, well-appointed kitchens and comfortable bedrooms.

OVERVIEW

With prices starting from £84,950, Priest House offers a net rental return of 7% to its investors . It is located in the developing suburb of Cradley Heath, an up-and-coming town that is just 8 miles from the city. It has become a popular location to commute into Birmingham, making this a wise choice for property investors. The area offers a mixture of great schools, beautiful open spaces and relaxed sub-urban atmospheres. This location also benefits from good transport links, low levels of crime and many leisure facilities. Priest House is situated in Cradley Heath just off the A459 Halesowen Road between Dudley and Halesowen Town Centre. Cradley Heath's railway and bus station are situated together. The railway is on the Birmingham to Worcester line, with regular services between the two. Motorway links are excellent with the M5 approximately 3 miles away allowing for convenient access to the M6, M40 and M42 motorway network. The apartments have been thoughtfully designed to make wonderful homes, with their fully residential design offering rental market versatility. With local demand consisting of young professionals, students and tourists, the income potential of these apartments is very attractive.

PAYMENT STRUCTURE

  • £5000.00 reservation fee
  • Pay 35% on exchange within 28 days
  • Pay 15% as an interim payment
  • Pay balance upon completion

WHY INVEST… ?

Why Invest in Birmingham? 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. Ahead of the arrival of HS2, the high-speed rail network, journey times from Birmingham to London will reduce to 49 minutes and as such interest in Birmingham from an investment perspective has risen. More and more people will commute for work purposes which means 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. The demand for high end property 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.

FINANCIALS

On a £84,950 investment, Priest House offers £495.54 PCM that will be guaranteed by the developer for 1 year. This equates to £5,946.50 p/a.

 

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