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Birmingham investment properties

UK Property Investment Hotspots – Birmingham

Often known as the UK’s second city, Birmingham is home to 1.1 million inhabitants – with 5.75 million living in the wider region. The West Midlands Combined Authority notes that the economy of the West Midlands is worth around £ 80 billion.

Why Consider Property Investment in Birmingham?

  • At the moment, Birmingham is a city undergoing huge transformation. A former engineering center – once known as the world’s workshop – the city rapidly became a major commercial centre in the late 20th century.

  • In the 21st century the main employers in the town center are professional services such as banking , finance and law. Building on Birmingham’s production heritage, high technology is now strong as well. There is a new emerging industry presence in the area that is autonomous vehicle or CAV technology related, which may in future be huge, not just in the UK but worldwide.

  • Big investors certainly see plenty of investment potential in Birmingham. Some big urban development plans are underway, including the completion of Snowhill, Paradise and the Central Arena with Birmingham Smithfield.

  • There’s a new Deutsche Bank HQ, HSBC has made it their new UK retail bank’s headquarters (which will potentially employ 4,000 people) and a massive new government office will be located there. Birmingham is now also home to the current National College of High-Speed Rail.

  • Notably the West Midlands Authority has delegated power to the metro mayor. The region can therefore conduct its own business in areas such as transportation, housing and economic development. The Midlands Engine Coalition does a great job of promoting Birmingham as an investment hotbed and is adept at drawing foreign investors.

  • Birmingham will host the 2022 Commonwealth Games which will boost the economy by £ 1.5 billion according to the most consertvative assements.

  • Birmingham is a big university town with around 80,000 students at three large and many smaller universities, and there’s also a massive demand for student land.

  • Birmingham is a major retail and leisure center which attracts visitors from across the country. It is reported that the Bullring Shopping Center has more footfall than any other shopping spot except Oxford Street in London.

  • The canal-side has been restored and regenerated areas alongside Brindley Place and Gas Street Basin are now very popular leisure and dining areas. And thousands of visitors are flocking annually to the Birmingham Arena and International Convention Centre.

  • In Birmingham a great deal of money is being made in public transport. The Midland Metro tram network is benefiting from an extension of £1.3bn that will see lines to Edgbaston, Brierley Hill, Dudley and Solihull in the coming years. Also in preparation is a new Sprint rapid transportation bus network with seven fast routes.

  • Another promising thing is the fact that Birmingham is currently getting 5 G superfast mobile broadband as one of the first cities to have it in the country. By the end of 2021 twenty-five per cent of the city centre and many immediately surrounding areas will have 5G.

Investment Property in Birmingham Explored

Birmingham is in something of a special position when it comes to land prices. Although the West Midlands is only a stone’s throw from the far more costly south-east, prices for properties in Birmingham are more in line with the north. So, it could be thought of as something for property investors to note as an up-and – coming location.

According to reports, Birmingham’s average flat price is now £163,000significantly less than both Leeds and Manchester assets. This marks an improvement of 5 percent in the last year and a gradual rise of 41.4 percent since the 2008 financial crisis.

There are some very strong factors that suggest good rental property will still be in high demand at Birmingham. ONS estimates say that by 2039 the 1.1 million population will rise by approximately 20 percent, or 200,000. Official estimates state that by 2031 Birmingham needs about 89,000 new homes, but land within the city itself has been planned for only 51,500.

A significant factor boosting the demand for rent in Birmingham is that it is one of the most popular destinations for people moving out of London. Reports state that more than 7,600 had done in 2019. The scarcity of property on the market also affects the rental sector, with demand for homes in the West Midlands continuing to outstrip supply.

Birmingham offers real estate investments that suit any form of investor. Here we’ll look at some of Birmingham’s most popular real estate investment areas, and at prices you can expect to pay.

Birmingham City Centre

Population:

25,800

Average Property Price (flat):

£258,181

The city centre of Birmingham is becoming increasingly popular with professionals who want to live close to work and all facilities in the city centre. Flats in Birmingham city center vary from new building blocks in locations such as the Mailbox area , plus conversions and period properties that are notable for the Jewellery Quarter.

Digbeth and East Side

Population:

28,194

Average Property Price (flat):

£240,000

Fringing the centre of Birmingham to the east, the Eastside is worth keeping an eye on . It’s in the Business Zone of Birmingham City Center and are intended for tremendous regeneration. The new Eastside campus at Birmingham City University was one of the first regeneration projects bu the new HS2 station will open in 2026 at Curzon Street and become one of the busiest in the network.

Digbeth now has a reputation for being a trendy, fashionable area – the Sunday Times has called it Britain’s coolest neighborhood – and it’s an area that attracts more attention from developers.

City Centre North: Aston and Nechells

Population:

41,461

Average Property Price (flat):

£126,000

North of Birmingham city centre, the inner-city districts have some of the cheapest property prices in Birmingham. They are popular with landlords looking for budget buy-to-lets and being able to provide shared or HMO accommodation as well as good yields.

In Aston (B6), where Aston University also has a campus, the average selling price is £146,123 and yields are 5%. Average prices in Nechells (B7) are £105,495 and experts are saying that some of the highest property yields in the Greater Birmingham area can be expected here in the next five years.

Erdington

Population:

20,388

Average Property Price (flat):

£179,050

Only just north of Erdington’s centre is a very large lower-cost residential area with tenants interested in finding lower-cost accommodation always on the lookout for living quarters (as well as landlords in search of a cheap house) . It is famous for its student lets too. Another advantage of considering property in Erdington is its great public transportation and motorway links into the area.

Handsworth and Perry Barr

Population:

33,494

Average Property Price (flat):

£171,000

The Athlete’s Village will be built at Perry Barr for the Commonwealth Games in 2022. This village will be utilized to provide 1,400 new homes after the games. Public transport, a new railway station, new shops and other regeneration will also be improved here, boosting the wider Perry Barr property market.

Edgbaston, Selly Forest, Harborne and Moseley South Birmingham

Population:

65,560

Average Property Price (flat):

£281,000

The suburbs of South Birmingham like Edgbaston, Selly Oak, Harborne and Moseley are some of the most prominent residential mid-market suburbs in the area. They draw professionals as well as families preferring to live outside the city centre. Some of the locations have a trendy ‘village’ feel – Moseley has been called one of the best places to stay in the city by the Sunday Times.

Birmingham University still has its campus at Edgbaston and some places are famous for student accommodation – but in recent years some students have been attracted to the city centre and more families have gravitated towards the area.

Sutton Coldfield

Population:

94,906

Average Property Price (flat):

£376,199

Sutton Coldfield – or The Royal Town of Sutton Coldfield to use its full title – is technically a city in its own right, though still within the district of Birmingham. It is one of the more affluent areas of Birmingham and is very popular with families because of its good schools and easy commuting – every 10 minutes there’s a 20-minute train ride to Birmingham New Street that residents can hop on to get to work fast.

Birmingham City Centre

Population:

25,800

Average Property Price (flat):

£258,181

Often known as the UK’s second city, Birmingham is home to 1.1 million inhabitants – with 5.75 million living in the wider region. The West Midlands Combined Authority notes that the economy of the West Midlands is worth around £ 80 billion.

Solihull

Population:

213,993

Average Property Price (flat):

£350,857

Solihull is one of the more upmarket and souht after residential areas in Birmingham, too. It is also an autonomous borough, and very different from the surrounding area. Solihull is cheaper than Sutton Coldfield but still at the high end of property prices in Birmingham and an excellent choice for those considering long term rental investment at the higher end of the scale.

Birmingham Airport

Finally, investors interested in Birmingham should be keeping an eye on the Birmingham Airport sector. There will also be a new HS2 station and transport hub opened here, as well as the completion of the ongoing airport expansion programme. Plans for a large-scale urban development of 4,000 + homes known as the UK Central Hub are also in progress.

Often known as the UK’s second city, Birmingham is home to 1.1 million inhabitants – with 5.75 million living in the wider region. The West Midlands Combined Authority notes that the economy of the West Midlands is worth around £ 80 billion.

Why Consider Property Investment in Birmingham?

  • At the moment, Birmingham is a city undergoing huge transformation. A former engineering center – once known as the world’s workshop – the city rapidly became a major commercial centre in the late 20th century.
  • In the 21st century the main employers in the town center are professional services such as banking , finance and law. Building on Birmingham’s production heritage, high technology is now strong as well. There is a new emerging industry presence in the area that is autonomous vehicle or CAV technology related, which may in future be huge, not just in the UK but worldwide.
  • Big investors certainly see plenty of investment potential in Birmingham. Some big urban development plans are underway, including the completion of Snowhill, Paradise and the Central Arena with Birmingham Smithfield.
  • There’s a new Deutsche Bank HQ, HSBC has made it their new UK retail bank’s headquarters (which will potentially employ 4,000 people) and a massive new government office will be located there. Birmingham is now also home to the current National College of High-Speed Rail.
  • Notably the West Midlands Authority has delegated power to the metro mayor. The region can therefore conduct its own business in areas such as transportation, housing and economic development. The Midlands Engine Coalition does a great job of promoting Birmingham as an investment hotbed and is adept at drawing foreign investors.
  • Birmingham will host the 2022 Commonwealth Games which will boost the economy by £ 1.5 billion according to the most consertvative assements.
  • Birmingham is a big university town with around 80,000 students at three large and many smaller universities, and there’s also a massive demand for student land.
  • Birmingham is a major retail and leisure center which attracts visitors from across the country. It is reported that the Bullring Shopping Center has more footfall than any other shopping spot except Oxford Street in London.
  • The canal-side has been restored and regenerated areas alongside Brindley Place and Gas Street Basin are now very popular leisure and dining areas. And thousands of visitors are flocking annually to the Birmingham Arena and International Convention Centre.
  • In Birmingham a great deal of money is being made in public transport. The Midland Metro tram network is benefiting from an extension of £1.3bn that will see lines to Edgbaston, Brierley Hill, Dudley and Solihull in the coming years. Also in preparation is a new Sprint rapid transportation bus network with seven fast routes.
  • Another promising thing is the fact that Birmingham is currently getting 5 G superfast mobile broadband as one of the first cities to have it in the country. By the end of 2021 twenty-five per cent of the city centre and many immediately surrounding areas will have 5G.

Investment Property in Birmingham Explored

Birmingham is in something of a special position when it comes to land prices. Although the West Midlands is only a stone’s throw from the far more costly south-east, prices for properties in Birmingham are more in line with the north. So, it could be thought of as something for property investors to note as an up-and – coming location.

According to reports, Birmingham’s average flat price is now £163,000-significantly less than both Leeds and Manchester assets. This marks an improvement of 5 percent in the last year and a gradual rise of 41.4 percent since the 2008 financial crisis.

There are some very strong factors that suggest good rental property will still be in high demand at Birmingham. ONS estimates say that by 2039 the 1.1 million population will rise by approximately 20 percent, or 200,000. Official estimates state that by 2031 Birmingham needs about 89,000 new homes, but land within the city itself has been planned for only 51,500.

A significant factor boosting the demand for rent in Birmingham is that it is one of the most popular destinations for people moving out of London. Reports state that more than 7,600 had done in 2019. The scarcity of property on the market also affects the rental sector, with demand for homes in the West Midlands continuing to outstrip supply.

Birmingham offers real estate investments that suit any form of investor. Here we’ll look at some of Birmingham’s most popular real estate investment areas, and at prices you can expect to pay.

Birmingham City Centre

Population: 25,800
Average Property Price (flat): £258,181

The city centre of Birmingham is becoming increasingly popular with professionals who want to live close to work and all facilities in the city centre. Flats in Birmingham city center vary from new building blocks in locations such as the Mailbox area , plus conversions and period properties that are notable for the Jewellery Quarter.

Digbeth and East Side

Population: 28,194
Average Property Price (flat): £240,000

Fringing the centre of Birmingham to the east, the Eastside is worth keeping an eye on . It’s in the Business Zone of Birmingham City Center and are intended for tremendous regeneration. The new Eastside campus at Birmingham City University was one of the first regeneration projects bu the new HS2 station will open in 2026 at Curzon Street and become one of the busiest in the network.

Digbeth now has a reputation for being a trendy, fashionable area – the Sunday Times has called it Britain’s coolest neighborhood – and it’s an area that attracts more attention from developers.

City Centre North: Aston and Nechells

Population: 41,461
Average Property Price (flat): £126,000

North of Birmingham city centre, the inner-city districts have some of the cheapest property prices in Birmingham. They are popular with landlords looking for budget buy-to-lets and being able to provide shared or HMO accommodation as well as good yields.

In Aston (B6), where Aston University also has a campus, the average selling price is £146,123 and yields are 5%. Average prices in Nechells (B7) are £105,495 and experts are saying that some of the highest property yields in the Greater Birmingham area can be expected here in the next five years.

Erdington

Population: 20,388
Average Property Price (flat): £179,050

Only just north of Erdington’s centre is a very large lower-cost residential area with tenants interested in finding lower-cost accommodation always on the lookout for living quarters (as well as landlords in search of a cheap house) . It is famous for its student lets too. Another advantage of considering property in Erdington is its great public transportation and motorway links into the area.

Handsworth and Perry Barr

Population: 33,494
Average Property Price (flat): £171,000

The Athlete’s Village will be built at Perry Barr for the Commonwealth Games in 2022. This village will be utilized to provide 1,400 new homes after the games. Public transport, a new railway station, new shops and other regeneration will also be improved here, boosting the wider Perry Barr property market.

Edgbaston, Selly Forest, Harborne and Moseley South Birmingham

Inhabitants: 65,560
Average Property Price (House): £281,000

The suburbs of South Birmingham like Edgbaston, Selly Oak, Harborne and Moseley are some of the most prominent residential mid-market suburbs in the area. They draw professionals as well as families preferring to live outside the city centre. Some of the locations have a trendy ‘village’ feel – Moseley has been called one of the best places to stay in the city by the Sunday Times.

Birmingham University still has its campus at Edgbaston and some places are famous for student accommodation – but in recent years some students have been attracted to the city centre and more families have gravitated towards the area.

Sutton Coldfield

Population: 94,906
Average Property Price (House): £376,199

Sutton Coldfield – or The Royal Town of Sutton Coldfield to use its full title – is technically a city in its own right, though still within the district of Birmingham. It is one of the more affluent areas of Birmingham and is very popular with families because of its good schools and easy commuting – every 10 minutes there’s a 20-minute train ride to Birmingham New Street that residents can hop on to get to work fast.

Solihull

Population: 213,993
Average Property Price (House): £350,857

Solihull is one of the more upmarket and souht after residential areas in Birmingham, too. It is also an autonomous borough, and very different from the surrounding area. Solihull is cheaper than Sutton Coldfield but still at the high end of property prices in Birmingham and an excellent choice for those considering long term rental investment at the higher end of the scale.

Birmingham Airport

Finally, investors interested in Birmingham should be keeping an eye on the Birmingham Airport sector. There will also be a new HS2 station and transport hub opened here, as well as the completion of the ongoing airport expansion programme. Plans for a large-scale urban development of 4,000 + homes known as the UK Central Hub are also in progress.

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