Park View Birmingham
A Property Investment Available On Monthly Instalments
Park View Birmingham is a new build residential development located in the up and coming location of Digbeth, Birmingham. The project will feature 91 one, two and three-bedroom apartments, each designed and finished to a high specification. Park View benefits from being on the doorstep to a variety of local amenities, vibrant communities and excellent transport infrastructure.
Project Highlights
- Starting From £139,995
- Estimated Gross Yield 5.5% – 6.4%
- 91 luxurious city centre apartments
- Located in the up-and-coming location of Digbeth
- 20-minute walk from New Street Station and proposed HS2 Terminal
- Estimated completion date: Q3 2020
Park View – Nearby Amenities Iconic Bull Ring – 15-minute walk New Street Station – 20-minute walk Proposed HS2 Terminal – 20-minute walk The Mailbox – 25-minute walk
About Birmingham
Birmingham is the UK’s largest city outside of London. Birmingham is a quickly growing city in which the supply of new housing is struggling to keep pace with the growing demand. Therefore, it is rising the ranks of popularity as a location for local and international buyers as it is quickly becoming a new property hot-spot. Furthermore, the city is also the UK’s fastest growing centres for digital media ventures, with a high reputation as a hub for creative industries.
Alongside the growing digital media industry, many reputable international companies such as Deutsche Bank, BBC & HSBC who have established in Birmingham. Furthermore, many more flocking to the city to benefit from it’s financial and creative centres.
Connectivity & Infrastructure
Birmingham is home to an international airport which accommodates 9 million annual passengers and covers direct flights to 140 global destinations. Furthermore, due to the location in the centre of England, Birmingham has excellent road networks and arguably the UK’s best-connected city! In addition to exceptional road and rail links, is the forthcoming HS2 high-speed rail link which will slash journey times to London! Therefore, Birmingham’s property prices are anticipated to rise substantially due to the enhanced access to London via the upgraded infrastructure. Therefore this is an opportune moment to invest in Birmingham.
Birmingham Property Demand
Birmingham is home to the youngest population in England, which ensures high demand for rental property. Furthermore, the city has had very little residential development over recent years, the supply of available homes to rent and buy is outstripped by demand. Therefore, as Birmingham continues to grow as a leading business destination. Consequently, the new job creation will further enhance the demand for housing. What’s more, the HS2 will bring a further £1.5bn and 22,000 jobs to the region. Park View Birmingham will be ideal long-term rental accommodation for the working professional market.
Purchase Process
Pay an initial 3% on reservation, this goes toward the purchase price, plus £850.00 legal fees. Your deposit is then divided by the number of months during the build process and paid on monthly instalments to build up a 30% deposit. On completion, the balance payment can be made by way of cash or mortgage (subject to status).
What’s in store for the UK property market in 2018? Read our 2018 UK Property Market Forecast
For any further information on Buy to Let Properties drop us an email at info@hanoversquarerealestate.com