1 bed flat for sale Gn Apartments, Coventry Rd, Birmingham B10
Points of interest
- Bordesley0.1 miles
- Archway Academy0.2 miles
- St Anne's Catholic Primary School0.2 miles
- Birmingham Moor Street0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Hi Spec Apartments
- Minutes from the HS2 Rail Network
- High Rental Yields
- 5 Minutes from The Custard Factory
- Beautiful Views of the City
- Experienced Management Company
The development is a striking modern development situated in the beating heart of Digbeth’s regeneration, just a 5 minute from The Custard Factory & Smithfield.
The building is comprised of high specification one-and two-bedroom apartments with floor-to-ceiling windows overlooking vistas of the City Centre.
With the new tram stop to the HS2 Curzon Station on its doorstep, the development is ideally positioned to attract the growing young demographic moving to Birmingham from London.
• Hi Spec Apartments
• Minutes from the HS2 Rail Network
• 5% Yields
• 5 Minutes from The Custard Factory
• Beautiful Views of the City
• Experienced Management Company
Supply & Demand
The demand for housing in Birmingham is significantly on the rise, with a population growth rate of 0.9% p.a. It is further supported by a growing number of businesses and firms moving to Birmingham for more affordable office space and quality of life for its workers.
Despite the increase in construction, Birmingham still faces a supply/ demand imbalance. It is forecast that new build values in the city will continue to rise on the back of this imbalance by a projected 21.7% over the next 5 years, outperforming the UK's average.
Strong price growth (31%) has been recorded over the past 5 years, yet Birmingham remains affordable with almost half the affordability ratio of London.
A Young Population
Of all the cities in the UK, Birmingham has one of the highest retention rates for students. It produces 25,000 graduates a year from its top 3 universities and retains 49% of them.
Birmingham also has the third-highest level of graduates, after London and Manchester, who move to the city without any prior links.
These notable factors contribute to Birmingham having one of the youngest populations in Europe and a highly educated one at that. Combined with the lack of available housing options, a large portion of the population has been forced into the rental market. The forecasted rental growth in Birmingham is, as a result, higher than the UK average.
Birmingham has outpaced the wider West Midlands Region in terms of average asking rents for many years, seeing a rise of 28% since 2009. For central locations in particular, this steady level of rental growth is forecast to continue over the next decade.
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