Off-Plan Investment Opportunity, Birmingham, B1

Eight8 Property are proud to present this amazing off-plan investment opportunity, providing unique water-front living within the city-centre. The Development: A stunning restoration of a Birmingham landmark and the perfect blend of natural beauty, refined Victorian architecture and contemporary living. Designed with high-end waterfront living in mind, this development isn't a sprawling urban jungle, it's a bespoke, intimate development for residents that want character, connectivity and sophisticated living, overlooking one of the most scenic points of the idyllic Birmingham and Fazeley Canal. Starting life as a Victorian glassworks in 1887, this conversion is the third act for this historic site - a total conversion of the original factory, as well as the addition of a new building on the existing brownfield site, that will expand the development to include 61 one-bedroom, two-bedroom and three-bedroom apartments, filled with character, where the exposed brick, steelwork, internal fireplaces and external fixtures that make up the original architecture take pride of place. A perfect blend of the old-world and the new, this development will honour the history of the site while epitomising the evolution that Birmingham is seeing across its skyline. Prices: One Bedroom Apartments - From £274,950.00 Two Bedroom Apartments - From £309,950.00 Three Bedroom Apartments - From £429,950.00 Why Birmingham? With so many different areas to choose from across the UK, why should you invest in Birmingham property? The second city has long been on an upward trajectory, which continues to be reflected in the property market. Birmingham remains one of the most affordable cities in the country and as a result is producing high-yielding investment opportunities with exceptional growth potential. Over the last 20 years, £10 billion has been poured into the city, building a world-class infrastructure and the amenities to meet demand. This has helped Birmingham property prices grow by almost 20% in the past 10 years. Now, with an expanding business distinct and a growing population, the opportunities for investors to benefit from both capital appreciation and rising rents continues to make buy-to-let properties in Birmingham a prime investment. According to JLL, property prices in the second city are on track to increase 24.5% by 2026, largely driven by a combination of ever-increasing demand and low supply. Historically, Birmingham prices have risen by 57% over the last decade according to the Land Registry, while future forecasts suggest prices could rise by £50,000 over the next four. This has put Birmingham property firmly at the top of many investor wish lists across the world, especially with the Commonwealth Games and completion of HS2 fast approaching. Rental Demand in Birmingham: With several universities and endless graduate employment opportunities, Birmingham has a very young population. Sitting at 1,160,000 in total, research suggests that almost 50% of this entire population is under 29, while around 60% of the city's rental market is younger than 35. Classed as ‘Generation Rent', the growing presence of young professionals in the second city is increasing the demand for rental property. As the property ladder becomes less accessible for first-time buyers, almost one in three millennials are facing a lifetime in the rental market. Anchoring more tenants in the market than ever before, this is translating into a thriving demand for rental property in the UK's second city. With forecasts suggesting that over 2,500 more homes would need to be built each year to satisfy this demand, it's no surprise that Birmingham is becoming a buy-to-let hotspot. Reservation Process: Reservation Fee - £2,500.00 20% deposit on exchange, with remaining balance due on completion. For more information, or to arrange a viewing, please contact our Sales Team on 0121 236 8235, or email sales@eight8property.com