Latest Valuation
£273,995
ROCE
%
Location

2 Units Left – New Build in Birmingham City Centre

Q1/Q2 2020 Build Completion
Guide Price
£273,995

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Key Features

  • Last 2 Units Available
  • City Centre Location
  • New Build, Off-Plan
  • Hands-Free
  • No Sourcing Fee

The Property

A contemporary selection of 67 x 1 and 2 bedroom modern and sustainable, luxury city-centre apartments.

Last 2 units available:
2 Bed Apartment - £273,995
2 Bed Apartment - £298,995

Q1/Q2 2020 BUILD COMPLETION
Apartment Sizes: 40m2 - 77m2
Lifts: 1
Parking: 9 spaces (includes 1 disabled space)
Service Charge: £1,000
Ground Rent: £250-£300 pa
Lease Terms: 125 years
Building warranty provided by Build Zone
Floors: 5

Planning Information

N/A

The Plan

Financials:

Summary - 2 bed apartment:
Purchase Price: £273,995
Legal Fees: £850
Total Amount Due: £274,845

Reservation Stage
Reservation Deposit 5%: £13,699.75
Legal Fees: £850
Total Due: £14,549.75

Completion Stage
Balance Payment - by way of mortgage or cash: £191,796.50
Stamp Duty: £11,919
Amount Due at Completion Stage: £203,715.50

Income
Estimated Gross Rental Income Per month £1,200 / Per annum £14,400

Expenses
Service Charge (estimated): £1,000
Ground Rent (estimated): £250
Tenant Management Fees @ 12% + vat: £2,073.60
Total Expenses* Per month £276.97 / Per annum £3,323.60

Income net of expenses Per month £923.03 / Per annum £11,076.40
+ Letting & Setup Fees

The Location

From a high-end retail experience to the business district, there is no better location within the city to enjoy so much variety right on the doorstep.

Birmingham is not only the UK’s largest city outside London but also one of the country’s biggest financial centres. The relocation of firms such as Deutsche Bank and HSBC will increase the number of affluent professionals making their home here. The diversity of the city’s economy is supported by its reputation as a hub for creative industries and it is among the UK’s fastest-growing centres for digital media ventures.

There is a wealth of opportunities for companies seeking to expand or invest in Birmingham. The city has exceptional connections to local, national and international destinations. It lies at the heart of the UK’s road network and boasts an international airport serving 9 million passengers per year to 140 direct and scheduled charter routes. The proposed HS2 rail link will potentially cut travel time between Birmingham and London to under 50 minutes.

Average estimated value for a house in B12

£

Leading European business destination with the regional economy of over £90 billion

The rail network will bring the capital even closer at 49 mins and will welcome an estimated £1.5bn and 22,000 jobs to the region. Alongside this Birmingham International Airport sits just 5 miles south-east of the city centre with a choice of over 400 direct or one-stop flights across the world

A £600 million makeover of New Street Station was unveiled in September 2015, complete with the launch of Grand Central shopping mall, where John Lewis is the anchor tenant. This is the third
shopping destination in Birmingham’s portfolio which includes The Mailbox, home to luxury brands such as Harvey Nichols, Armani and a Malmaison Hotel and The Bullring where high street favourites can be found, alongside the iconic department store Selfridges.

5 universities with over 73,000 the UK and overseas students choosing Birmingham as their place to study and build careers

Considered Birmingham’s answer to Shoreditch by many, Digbeth is an up and coming part of the city. From new developments to nightlife and great places to eat, the area is becoming a pretty cool place to live. With plans for HS2 well advanced - other exciting proposals include 33,000m2 of retail space, 150,000m2 of office space and 75,000m2 of residential development....exciting times for the city’s premier creative quarter.