Birmingham’s Property Buy-To-Let Hotspots In 2018
Investment in the UK’s second city shows no sign of abating – in fact a recent string of announcements would suggest it is moving up a further gear, with Birmingham being chosen as the UK’s preferred host for the 2022 Commonwealth Games and the latest devolution deal, announced in the Budget, securing a new stream of funding for transport and infrastructure projects.
It’s no wonder big ticket employers such as HSBC and HMRC are flocking to Birmingham, with its excellent connectivity, educational establishments and a world-class leisure, retail and entertainment offering to attract the brightest and the best.
It will also come as no surprise to seasoned property investors and landlords alike, that Birmingham was recently named as the most rapidly improving location in the UK. So, where are they focusing their attention to maximise the investment potential of this burgeoning city? See below our predictions for Birmingham’s best property investment areas and buy to let properties for 2018.
Edgbaston – B15
The B15 postcode has always held a certain cachet in the city and its appeal shows no signs of wavering, with extensive investment going into the already exclusive area. The former Pebble Mill site has been reinvented as a new medical quarter for the city and is home to more than 550 medical companies, providing a ready-made rental population right on the doorstep.
Harborne – B17
High on the list for families and young professionals is the village of Harborne. Sitting just outside the city-centre, Harborne High Street is home to an abundance of independent shops, cafés and fabulous places to dine. Property across this well-kept area is always high in demand given its proximity to the QE, a world-class hospital and research facility.
Property price percentage increase since January 2017 for Harborne is 3.04% with average property prices at £323,783 according to Zoopla.
Holloway Head – B1
Close to all of the city-centre’s major developments, including Grand Central Station, The Bullring and The Mailbox, Holloway Head is one to watch for those looking to invest in prime city-centre real estate. This is already a prime location and its appeal is only going to increase – the city’s Paradise development, described at the most important project outside London, is just a short walk away and is set to create a new heart for the city with a vibrant pedestrianised area and 1.8 million square feet of commercial, civic, retail, leisure and hotel space.
Jewellery Quarter – B3 & B18
This desirable quarter is always in high demand from young professionals, especially those working in the media and tech sectors – with so many businesses of this type right on the doorstep. Boasting a vibrant restaurant and bar scene, and just a short walk from the city-centre, the Jewellery Quarter really is a gem of a location.
The latest development in JQ is Summer House built with traditional, characteristic design of the Jewellery Quarter’s artisan heritage. Available from £294,950 with projected capital growth of 20%.
Kings Heath & Moseley – B14 & B13
One of Andy Street’s key pledges when he successfully ran to become Birmingham’s first metropolitan mayor, was to get work started on the Birmingham to Moseley and Kings Heath rail line by the time his first term of office ends in 2020. This will only serve to increase the appeal of these much-coveted villages, just a stone’s throw from the city-centre. Full of distinctive character, with a vibrant arts scene, independent shops and restaurants, as well as home to an abundance of green spaces, this is an area that is in high demand among young professionals and families alike.
Property price percentage increase since January 2017 for Moseley is 2.17% with average property prices at £264,116 according to Zoopla.
Erdington – B23
Erdington is a Birmingham suburb located just 12 minutes from the city centre. The focal point for the town itself is its bustling High Street, a thriving retail centre with around 280 local businesses providing it’s 23,000* residents with everything they need. However its attraction as a location is much built on its close proximity to the centre of Birmingham and its transport links and many amenities. Combine this with it’s position near to the M6, Birmingham International Airport and the affluent neighborhood of Sutton Coldfield, it’s easy to see why growth is forecast to be strong in this area.
The latest SevenCapital development Nexus Point is situated just 200 meters away from the high street and 400 meters away from Erdington train station. Available from £99,950. The average property price in Erdington is £140,054 with Erdington being ranked 5th in the Zoopla Top 10 Hipster Hot Spots.
What are the key factors to look for in Birmingham property?
So what makes Birmingham and these areas so attractive? We’ve looked at many factors when compiling this list. The key factors tended to fall in the following categories
Area development/Regeneration – How much inward investment is going into the area such as Erdington’s new retail park.
Transport development – New roads, rail-lines and motorway links, namely HS2.
Living trends – Where do people want to live in 2018?
Upcoming events – From business giants such as HSBC moving from London to Birmingham and the Commonwealth Games. There’s so much going on, it’s almost hard to keep up with.
View SevenCapital developments in Birmingham.
Stay Ahead of the Property Market: Newsletter
Sign up today and be the first to get the latest property news, market insights and SevenCapital development updates delivered straight to your inbox, every month.