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Property Listing Details

Property details

  • 3 bedrooms
  • 2 bathrooms
  • 2 reception rooms
  • Floor area 1,031 sq. ft

Features

  • Leasehold
  • Communal garden
  • Balcony
  • Off street parking
  • On street/residents parking
  • Central heating
  • Double glazing

Listing view statistics

Last 30 days: 127 page views

Since listed: 548 page views

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.

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Jewellery Quarter 0.3 miles
  • Birmingham Snow Hill 0.6 miles
  • Jewellery Quarter Academy 0 miles
  • Blackwater Academy 0.2 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Jewellery Quarter 0.3 miles
  • Birmingham Snow Hill 0.6 miles
  • Jewellery Quarter Academy 0 miles
  • Blackwater Academy 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in B1:

  • £178,902
  • Price decrease

  • -£34,711
  • (-16.249%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £204,769
  • Properties sold

    52

Rental opportunities

Looking for an investment? The average rent for a 3 bedroom flat in B1 is currently:

£1,434 pcm

Recent sales nearby

See all recent sales in B1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
1st May 2020 £425,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Opulent Invest. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Opulent Invest for full details and further information.