FAST FACTS
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Price :£200.000
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Rental Yield :Estimated rental yields up to 5%
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Completion Date :Sep 2021
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Deposit Interest :N/A
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Tenure :209 Years
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Developer :Galliard Homes
Timber Yard
There is no doubt that there is strong demand both for property to buy and rent in Birmingham. Property prices have increased by over 8% in the past 12 months and rents are increasing at a fair pace also with 17% forecast growth in the next 5 years. This project, albeit off-plan, is being built by one of the UK’s Premier developers in Galliard Homes. They build to an exceptional standard. The deposit required is low and part of it will be protected with finance available for balance on completion. During the time it takes the property to complete prices will definitely have increased and as far as the rental market, due to the good location of this project across the road from a £500m regeneration project and a short distance to all the transport links, the development is destined to be a hit amongst those that rent in Birmingham.
Why Birmingham?
- Birmingham is now a £120bn regional economy
- Birmingham is Britain’s most Entrepreneurial business hotspot
- The City attracted over 41.8m visitors in 2017
- Employment in the City is forecast to rise by 38,000 within the next decade with new flagship companies such as Linklaters, HS2, and KPMG
- The relocation of major employers has seen office take-up in excess of 1 million sq ft in 2017 which is 51% above the national average
- Over 12,000 start-up businesses were successfully started in 2018
- HSBC, Deutsche Bank, Barclays, and HMRC are collectively relocating and increasing staff numbers to 8000 staff by 2020
- Birmingham will be the host of the 2022 Commonwealth Games with the potential for up to 1m additional visitors to the area
- Regeneration Projects
- £100bn HS2 Programme
- 1.3bn expansion of Midlands Metro light railway
- 600m upgrade of New Street Station
- 200m expansion of Birmingham Airport
- Birmingham Smithfield £500m regeneration project with new Metro tram line proposed right outside Timber Yard
- Property Prices
- Birmingham has seen an 8.6% growth in house prices over the last year
- Over 30% growth in the last 5 years
- Demand for new homes has been fuelled by a current annual delivery shortfall of 2300 homes
- Birmingham population is forecast to increase by 13.7% by 2031 with young professionals increasing by 5000 in the next decade
- Forecasted growth of 17% in the City’s rental market over the next 5 years
- Dynamic Connectivity
- Two new HS2 stations will be operational by 2026
- Curzon Street HS2 hub is set to be the gateway to Europe’s high-speed rail network
- Birmingham New Street Station is now the busiest interchange outside of London
- Birmingham is one of the fastest-growing airports in the UK with around 30 different airlines in operation
- The City has 4 major motorways all interconnecting
- 90% of the UK population are within a 4-hour drive of Birmingham
