Birmingham is one of the youngest cities in Europe, with under 25 year olds accounting for 40% of the population. Home to five universities, the city is also seeing a high retention of graduates with a knock-on effect on demand for new high-quality housing. It is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres. The diversity of the city’s economy is supported by its exceptional connections to local, national and international destinations by road, rail and international airport. Located close to the proposed HS2 high-speed rail station linking Birmingham and London, Westminster Works is an ideal base for young professionals and commuters. The site is within the flourishing creative district of Digbeth, a hub of regeneration less than 10 minutes from the Bull Ring Centre and New Street, Birmingham’s principal mainline railway station. Other transport links within easy walking distance are Digbeth Coach Station and Moor Street Station.
The 220 apartments open plan, modern apartments offer city living within a vibrant new neighbourhood. The seven-storey project is situated around a newly created public space known as Moat Square, with residents enjoying both a central courtyard and access to a roof garden. Demand for housing is expected to remain strong. Birmingham was the top choice in 2016 for people leaving London (ONS), with house prices and affordability driving relocation. Lower housing costs also boost potential yields and capital growth opportunities for investors. Gross annual returns of 6% are forecast. Prices start from £168,791 for 1 bed apartments, with only 25% payable on exchange. Leveraging financing of up to 70% LTV to amplify returns even higher.