Investing in Property in Digbeth?

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Is Digbeth a good place to invest?

Digbeth is the most contemporary district in Birmingham. Once the industrial heart of the city, Digbeth is now a hub of creative energy primed for a complete transformation. Recognised as the ‘coolest place to live in the UK’, Digbeth represents a key up-and-coming area for Birmingham property investment.

As part of the Eastside regeneration project that includes the Birmingham Smithfield masterplan, Digbeth is building a thriving skyline that already includes the iconic Custard Factory. Channelling London’s Shoreditch, Berlin’s Kreuzberg or Williamsburg in New York, Digbeth is heavily in demand as a creative quarter, filled with exceptional amenities and progressive digital businesses. With affordable property prices and rising rental yields, Digbeth is emerging as a prime Buy-to-Let investment market.

Birmingham’s Golden Age of Development

As the site of the HS2 interchange Curzon Street Station and a key stop in the Midlands Metro expansion, Digbeth will become a central hub of connectivity. HS2 will put London within reach in just 49 minutes while the Midlands Metro expansion will offer direct links to key destinations in the West Midlands.

With the arrival of HS2 in 2026 connectivity with the capital will make Birmingham an even more attractive choice for the swathes of London commuters seeking the richness and vibrancy that Birmingham has in abundance. HS2 represents an unprecedented level of investment in Birmingham and demonstrates the confidence the government has in the second city as a transport hub.  

The other major development for Birmingham’s Eastside is the Smithfield Masterplan – 14 hectares of prime city centre estate in Digbeth reimagined as one of the largest, most attractive city-centre developments in the UK. Birmingham Smithfield will capitalise on the rich history of the area to deliver vibrant markets, public areas and 300,000 sq.m of floor space comprising new retail, leisure and commercial space. A once-in-a-generation development, Birmingham Smithfield will turn Digbeth into a true destination within the wider landscape, bolstered by Digbeth’s strong cultural ties, independent businesses and rich historical links.

The Digbeth Property Market

Digbeth has all of the qualities that make it a prime location for investment. An affordable district within the city that has experienced incredible property price growth of 401% over the last 20 years, Digbeth is building a bright future with phenomenal developments in the pipeline.

With the average property price currently sitting at £235,997, Digbeth asking prices have increased by 38% since 2018. Driven by links to key transport hubs such as New Street Station, world-class amenities and exceptional employment opportunities in progressive businesses, Digbeth is already achieving some of the highest rental yields in the city. On average, rental yields for a Digbeth studio hit 7.9%, while 1-beds provide 7.5% and 2-beds provide 6.2%.

For investors, the Digbeth property market is an attractive prospect compared to neighbouring, more expensive areas. As property developers look to the cultural quarter, the amenities and residential development occurring within the district have provided a huge boost for the rental market. With upcoming infrastructure improvements, this growth will only continue, cementing Digbeth’s place as the top investment area within Birmingham.

Coming soon to Digbeth – Connaught Square

The Connaught Square site has a gross development value in excess of £200 million, will create an entirely new destination within the city, comprising a vibrant mix of residential, commercial, retail and public space designed to enhance and further cement Digbeth’s fast emerging reputation as Birmingham’s Creative Quarter.

The development will also form part of the city’s wider plans to regenerate Digbeth and help to provide a catalyst for wider investment for this Southern Gateway area of the city.

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Latest Property News in Digbeth

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Coming Soon – Connaught Square

Birmingham’s next generation of apartments

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