Fresh Invest is delighted to offer an opportunity to invest in an exclusive development located in central Birmingham.
A fashionable example of a refined boutique conversion, offering a contemporary finish, situated in the heart of Kings Heath’s popular high street. The development of 32 apartments boast open plan living space, modern fully fitted kitchen and bathroom with a choice of One-Bedroom and Two-Bedroom apartments, all finished to a high specification.
A fantastic opportunity for investors and home seekers who want to benefit from owning a deluxe property within a desirable cosmopolitan location. The carefully renovated property boasts fantastic connectivity links to the UK’s second largest city as one of the most popular boroughs of Birmingham.
These new build apartments include the benefit of luxurious finishes, integrated kitchen appliances and clever storage demanded by contemporary living. Secure car parking is available for several applicable apartments.
This development lies in a popular borough of Birmingham; Kings Heath, a ten-minute drive from the city centre; nestling comfortably between the bohemian Moseley, student area Selly Oak, Stirchley and Billesley. Still referred to as ‘the village’, it has been developed to form an attractive public square which plays host to monthly farmers’ markets.
Kings Heath has an urban village atmosphere and has seen a recent influx of boutiques and ‘organic cafe culture’, and so, the ‘hipster location’ has become very popular amongst young professionals and mature students.
The Times recently hailed Birmingham as the home of “the most vibrant startup community outside the capital”, with more than 17,000 businesses born last year, up almost 25% on 2015 while the last couple of years have seen major relocations and recommitments from such corporate giants as HSBC and PwC.
Birmingham is quickly becoming one of the UK’s top cities for property investment, attracting more foreign direct investment than any other UK region. The most recent set of data from the Land Registry has stated that property values in Birmingham and the surrounding area were 6.12 percent higher than 12 months ago and 16.72 percent higher than January 2015 (Love Your Postcode, 2017). As more and more people move to Birmingham, property values continue on this upward trajectory with demand rapidly outpacing supply.
THE FINANCIALS – (Mortgage*):
1 Bed Apartment – £135,000
Net Income PA – £6,340
75% – Loan to Value Rate
1.99% – Interest Rate
£33,750 – Deposit
£101,250 – Mortgage
£2,014 – Mortgage Cost Pa (£167 pcm)
£4,325 – Net Rental Return (£360 PCM)
12.8% – Return on Capital invested.
*Any mortgage rates given are only an indication and cannot be relied on to be representative of current products available. For more details please consult your mortgage broker or we can put you in touch with one.