This is a fantastic buy to let investment opportunity within a newly refurbished development of 35 apartments with price points perfectly suited to First-time buyers and Buy-To-Let investors. Set over 7 floors with large front and rear carparks to accommodate all residents, The Interchange is in the heart of ‘The Hub’ situated 10 minutes south of Birmingham City Centre. The Building is surrounded by a vibrant range of services and amenities including supermarkets, F&B and entertainment. With the development of the HS2 international rail network nearby, it will provide Birmingham with a catalyst for unparalleled growth and regeneration as well as placing it at the gateway of both the UK and European high-speed rail network.
Due to the location being central to a range of transport links, such as a connecting station close by, it will mean London will be a mere 39mins away, Birmingham City Airport is 5mins away and the M6 is also only a 5-minute drive, this is one of the best-located developments on the market for connectivity in and out of Birmingham City.
When HS2 begins running in 2026, Birmingham will effectively become a London commuter town overnight as journey times are cut in half. The idea of affordable living in Birmingham with a commute to London Euston that takes less than 50 minutes from Curzon Street and 40 minutes from The Interchange will likely be highly attractive for many professionals and families, further increasing the demand for residential property. As the HS2 stretches on to the North-West, Birmingham could quickly become the central transport hub of the UK.
Last year, Birmingham was ranked as one of the best cities in the UK in terms of property price growth, comfortably outranking London. Since 2009, Birmingham has experienced a 45% rise in average residential property values. Birmingham residential property is forecasting excellent price growth for 2020, cumulatively adding up to a 14% increase! Birmingham requires 90,000 new homes over the next decade to meet this residential demand.
For investors, it’s a great time to get into the Birmingham market! The Big City Plan is one of the driving forces behind this incredible growth. A major development plan set out over 20 years, The Big City Plan includes developments across key areas in the city and is set to increase the size of the city core by 25%, improving transport connectivity and providing 50,000 new jobs. It’s this vision being realised that makes Birmingham such an attractive prospect for investors. With Birmingham already boasting the largest business, professional and financial services hub outside of London in the UK, there’s plenty for the second city to shout about! Birmingham is being forecasted population growth of 12% by 2032.
Professional opportunities have never been higher with five universities and a student population of 65,000, Birmingham has a wide pool of graduates to choose from when it comes to degree-based industries. To learn more about where to invest in Birmingham, as well as the different areas available for investment, please refer to our blog.
View more of our Buy to Let Investments here.
POSTCODE FOR LOCATION B26 3PG
*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
**The provision of lender finance for your purchase isdependant upon individual circumstances and cannot be guaranteed. We advise youto obtain independent financial advice before entering into an agreement uponwhich you will be relying upon lender finance. Any decision to proceed withlender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase
|Located in the UKs 2nd Largest City with 1.1m Population|
|Fastest Growing Financial Services Hub in the UK|
|6000 Tech Firms Employing Over 40,000 People|
|Modern and High Quality Fixtures and Fittings|
|Luxury Fitted Kitchens and Bespoke Modern Bathrooms|