Tameway Plaza

Buy to Let - United Kingdom, Walsall
Mortgages: Up to 70% LTV
Minimum Cash Investment: £10,000
15.67% - Max Year 1 Net Yield on Cash

Tameway Plaza is in the centre of Walsall’s business district, an area that is enjoying significant redevelopment and extensive job creation – a trend that is expected to drive sustained demand for rental accommodation.

 

The building is close to the train station and has easy connections with M6, M5 and M42, making the 20-minute drive to Birmingham city centre convenient for commuting professionals.
The development is a conversion of the tallest building in Walsall, a local landmark that is well known to the town’s expanding population, which will help to attract tenants in a busy town centre. The project comprises 1 and 2 bed apartments with completion in Q4 2019.
Prices for 1 bed apartments start from £99,995 and 2 bed apartments from £124,995 – an average of £2,289 per square metre, which is 33% cheaper than Birmingham city centre.

 

Financing is in principle available up to 70% LTV, subject to eligibility. Mortgage buyers can pay just 30% on exchange (less the reservation fee) and 70% upon completion.

 

A range of flexible payment plans also make Tameway Plaza a uniquely affordable entry point into the buy-to-let sector: mortgage buyers can split the 30% deposit into monthly payments across the build term, or cash buyers can pay off the whole sum across 2 years in 8 quarterly payments of 12.5%.

 

Key highlights:

Located in centre of Walsall’s business district
Close to the train station and M6, M5 and M42
20-minute drive to Birmingham city centre
Completion in Q4 2019
Open plan interiors with large windows for natural light
Up to 70% LTV financing available
Flexible payment plans available

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