With starting prices in super prime Birmingham from £238,200 for a 1-bedroom apartment, the challenge for investors now is to find pockets that are still undervalued and primed for long term rental and capital growth.
Recent figures released by Rightmove confirmed West Bromwich as one of the UK’s top performing markets reporting a rise in property values of 17% for the period from January 1st 2021 to December 14th 2022.
West Bromwich benefits from nearly every acknowledgeable contributory to a top performing residential property market, including excellent transport links and academic credentials. Lodge Road Metro Station is located only 0.2 miles away, offering a quick 13-minute commute into Birmingham City Centre.
The area has recently undergone a major transformation with its New Square development, a £200m investment injection into the town centre providing modern shopping and leisure facilities for West Bromwich. Additionally, there is a 20-year masterplan approved by Sandwell Council which will result in retail diversification, land acquisition and cycling provision for the area – making it an even more desirable residential location and backing up the strong growth forecasts for the area (15.9% growth over the next 4 years) by Savills.
Transport Works at a glance
- Reservation deposit £5,000
- Studio prices from £120495
- 1 bed prices from £135,000
- 2 bed prices from £184,000
- Superb commuter location - 13 minutes to the city centre and 5 minutes to the town centre
- Low deposits
- Low operational costs, low service charge and no ground rent
- Lease enables investors to operate short lets for higher yields
Watch the webinar
Take a look around
Development specifications
Kitchen
- Gloss light grey door fronted units with soft-close doors and drawers
- Stainless steel oven and ceramic hob or equivalent
- Gloss white tile kitchen splashback (300mm x 100mm) with grey grout
- Colour co-ordinated glass splash-backs to rear of hob.
Bedroom
- Carpet in bedroom
- All internal doors are to be pre finished flush doors with satin S/S door handles (or equivalent)
- Smooth finish to all walls & ceilings, painted in white emulsion.
- Outlets to living area and master bedroom.
Bathrooms & en-suite
- Pure white bathroom suites, including basin, WC
- Ceramic tiling to walls, floor and shower cubicles
- Shower with glazed shower screen and electric shower
General
- CCTV to all areas
- Access to development controlled by Paxton access control
- LED energy saving fittings
- Pre-wiring for Virgin broadband, tv and telephone to kitchen/living room and master bedroom
Fast facts
Boutique Development – only 45 apartments available in a superb commuter location
£120,495
Starting price
7%
Net yield
Q3 2023
Completion date
Buying property in birmingham
Birmingham is one of the UK’s most exciting and culturally distinct cities. This thriving destination has plenty going for it, including a strong economy, solid track record for price growth and big-city appeal, which helps to ensure steady demand for homes in the private rented sector. Situated in the West Midlands, Birmingham is the logistical centre of the UK and is within 4-hours of most major cities. Its prime location, alongside multimillion-pound investment in infrastructure, is expected to help Birmingham grow strongly in economic and demographic terms. Widely referred to as the UK’s ‘Second City' Birmingham is the largest city outside of London and is home to 1.1 million people and 2.6 million in the wider metropolitan area. If recent trends continue, Birmingham’s population is on track to climb to 1,186,000 by 2028 and to 1,230,000 in 2038 (2020 Birmingham Demographic Brief)
Development location
birmingham, United Kingdom
Walk
West Bromwich Town Centre
5 mins
Tesco Extra
6 mins
Sandwell & Dudley Station
19 mins
Drive
West Bromwich Albion Football Club
8 mins
Birmingham City Centre
27 mins
Conventry
49 mins
Train
Sheffield
120 mins
London
122 mins
Manchester
146 mins
Cycle
Aldi Supermarket
6 mins
Sandwell Valley County Park
7 mins
The Hawthorns Station
10 mins
Request more details
Useful documents
We’ve provided some relevant information about this development, including the brochure and floorplans which you can download to view at any time.
For more information about this development or any general enquiries, please use the contact form above.
