Description

At Opulent we are proud to announce our latest development in Birmingham located right in the heart of the Jewellery Quarter. There is no doubt that there is strong demand both for property to buy and rent in Birmingham. Property prices have increased by over 8% in the past 12 months and rents are increasing at a fair pace also with 17% forecast growth in the next 5 years. This particular project, albeit off plan, is almost completed eliminating much of the development risk. The location of this project in the Jewellery Quarter means the demand for rent amongst young professionals and graduates. The project is within walking distance to all of the main amenities in Birmingham City Centre as well as New Street Station and other commuter links. What we like about this project in particular is the low ongoing costs like service charges and ground rent. All of this will help drive a higher yield for you. The service charge is low in comparison to most other projects we sell in Birmingham which means it has been built with the investor in mind. Rental yields will be strong around the 5% mark and units should rent out fairly quickly in this location.Our opinion is this project will work well in the middle to long term, rental demand is high, capital appreciation prospects are good and the developer is trustworthy. We feel these properties will make a welcome addition to your portfolio and will deliver both strong rental yields but perhaps most excitingly, on capital appreciation. This is perhaps the biggest attraction with this project as clients are only putting in 20% of their own money but will receive the appreciation on the full amount of the property. As an end user, you will be hard pressed to find another development with the same balance of good location, high quality finishes, reasonable price points and good sizes.