The Interchange

Buy to Let - United Kingdom, Birmingham
Mortgages: Up to 75% LTV
Minimum Cash Investment: £41,014
8.19% - Max Year 1 Net Yield on Cash

This exciting development is part of The Hub, a major area of growth within Birmingham, with £48 billion invested in regenerating the area by authorities, building on its already vibrant array of retail outlets, including a new Marks & Spencer store.

The building is in Sheldon, a suburban community just 10 minutes South of Birmingham city centre. It stands on Coventry Road, the main route between Birmingham International Airport and the centre – a prime location for commuters with excellent travel connections.

The property is a newly refurbished permitted development that comprises 1 and 2 bed apartments, arranged across 7 storeys and accessible via a refurbished elevator. With only 35 units in total, this is a limited investment opportunity, which will preserve its rentability in the future.

Completion is scheduled for July 2019, removing any development risks for investors. Each unit is built to high specifications to meet demand from workers seeking quality but affordable accommodation on the fringe of the city. Amenities include fully fitted kitchens, a video intercom system and premium fixtures and fittings.

1 bed apartments start from only £121,838, and 2 bed apartments start from £153,397, significantly more affordable than the average price in the city centre. Only 25% is payable on exchange, and 75% upon completion.

75% LTV financing is achievable, subject to eligibility, which means the minimum cash investment required is as little as £41,000.

Annual returns are forecast at 5.5% gross, with demand from workers and families underpinned in the long-term by the upcoming addition of the high-speed HS2 connection to London. Using financing, investors can amplify the cash-on-cash yield to as high as 8.19% in year 1.

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