Castle Court is located in Dudley town centre, with direct access to the bypass linking the M5 and M6 motorways, making it ideal for commuters travelling the 8 miles to nearby Birmingham or making the 30-minute car journey to Birmingham International Airport. The apartments are close to the high street and a new £350 million hospital, as well as the upcoming Aquatics Centre for the 2022 Commonwealth Games and the approved £22 million Dudley Leisure Centre, all driving the appeal of the area as a vibrant, regenerating neighbourhood.
An 8-storey conversion, Castle Court comprises 141 1 bed and 2 bed apartments, with all units already complete. The units’ open plan interiors and oversized windows ensure maximum natural light and a desirable level of luxury for commuters seeking high quality accommodation. Allocated secure parking is included with all apartments, which is expected to underpin demand from tenants in an already competitive city centre market.
1 bed unit prices start from £90,000 and 2 bed unit prices from £105,000, with a price per square metre that’s over 25% cheaper than nearby Birmingham city centre (Zoopla) – with the Metro link confirmed to extend from Birmingham to Dudley, linking with the HS2 rail line, capital growth prospects are very strong. Up to 6.86% rental yields are forecast, fuelled by the widening demographic of people looking for affordable accommodation with convenient links to Birmingham and Manchester. Apartments are already tenanted, providing security of mind for buyers and no wait in receiving rental income.
A range of flexible payment plans make Castle Court an affordable entry point into the buy-to-let sector: cash buyers can pay off the whole sum across 2 years in 8 quarterly payments of 12.5%. Financing is available up to 70% LTV, subject to eligibility, reducing the cash requirement for mortgage investors to as little as £39,728 and amplifying the NET cash-on-cash yield to 10%.