Arden Gate is in the heart of Birmingham city, within 10 minutes of prime retail destinations The Cube and Mailbox and within 20 minutes of the main Bullring shopping centre – a desirable address for the city’s growing number of professionals, with institutions such as HSBC and Deutsche Bank relocating jobs to the area.
Completion is scheduled for November 2019, reducing any development risk for investors and ensuring that investors do not have to wait long to begin generating income.
1 bed apartment are prices from £192,950 and 2 bed apartments are prices from £272,950. Up to 75% LTV finance is available, subject to eligibility, meaning the cash investment on a 1 bed unit can be as low as £61,273.
Only 10% is payable on exchange, followed by a 10% stage payment and 80% upon completion – a rare opportunity to invest in a city with strong capital growth potential with an initial payment of as little as £14,295.
Property prices in the B15 postcode have risen 27.78% in the last five years, a historic trend that suggests capital growth is likely to continue, driven by investment in Birmingham’s travel infrastructure, including the planned HS2 connection and Midlands Metro Extension.
Returns are forecast at 6% gross. With Birmingham’s population expected to grow to 1.3 million by 2039, fuelling demand for prime rental accommodation in a convenient location, cash-on-cash yields reach as high as 10% NET in year 1.