DESCRIPTION

Development Name: Transport Works

Development Location: 9 St Michaels Close, Victoria St, West Bromwich, B70 8ET

With starting prices in super prime Birmingham from £238,200, the challenge for investors now is to find pockets of Birmingham 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 is a market that we have had our eye on for some time, it 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.

Our most recent launch presents an unrivalled play into Birmingham’s buy-to-let market at 10% below local market comparables:

• Studio price points: £118,495 – £149,050
• 1 bed price points: £137,000 – £169,950
• 2 bed price points: £177,250 – £224,945

Key Discussion Points

• Superb commuter location – 13 minutes to the city centre, 5 minutes to the town centre and quick and easy motorway access
• Low Deposits
• Construction commenced – Q3 2023 completion
• Low operational costs, no ground rent, low service charge
• Lease enables investors to operate short lets for higher yields ( with Travel Lodge, Mercure, and Premier Inn all within walking distance, this demonstrates strong short let demand for the area)