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Key information
Property description & features
- Tenure: Leasehold (109 years remaining)
JEWELLERY QUARTER INVESTMENT OPPORTUNITY | 7 Apartments | ALL Tenanted | £81,960 pa rental income | 2 Mins Walk to Train/Tram Station | Sale Inc. 4 Parking Spaces | SPENCER POINT | No EWS1 Required | Investment Summary Available | Viewings Strictly by Appointment Only |
| IN SHORT |
*6 x 1 Bed Apartments and 1 x 2 Bed Apartment
*Includes 4 Parking Spaces
*ALL Tenanted- Turnkey!
*2 Minutes Walk to Jewellery Quarter Tram & Train Station
*15 Minutes Walk to Colmore Row Business District
*Area Remains One of THE Most Popular Areas to Rent
*£81,960 pa rental income
|| Full Investment Summary Available, Request Copy Today! ||
| THE AREA |
The district’s proximity to the city centre’s major offices (a 15-minute walk), coupled with the M6 motorway just a 15-minute drive away, make the Jewellery Quarter (JQ) a commuter’s dream, both in and out of the city. Against the backdrop of jewellers that trade here and historic monuments like the Chamberlain Clock, the JQ has gained a contrasting reputation as the home to a much younger demographic.
The majority of residents are aged 21-30 here, most of whom will not yet be homeowners but instead long-serving members of ‘generation rent’. With little sign of this changing soon, the investment case remains as incredibly strong as ever, with an average price growth of 28% reported over the last three years.
-The JQ is responsible for producing 40% of the UK’s jewellery
-The neighbourhood has over 200 listed buildings
-15% property price growth in five years
-Two-bedroom apartments averaging a 7.1% rental yield
| HIGH-PERFORMING AREA OF THE CITY |
Property prices in the area have risen by 28% over the last three years, making the Jewellery Quarter a top performer for growth on this list. Average rental prices have risen to around £930/month and property in the area includes everything from luxury converted flats to loft-style apartments and townhouses. As Birmingham’s population grows, the Jewellery Quarter will remain heavily in demand.
| IMPORTANT INFORMATION |
-110 Years remaining on the lease
-Ground Rent £250.00/annum/unit
-Service Charge:
*1 beds Approx. £2,200/annum
*2 bed £3,200/annum
*Contact Davidson Estates for Further Information
*Full Investment Summary Available
*Site Viewings Strictly By Appointment Only
Places of interest
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*DISCLAIMER
Property reference DVC230068. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Davidson Estates - Birmingham.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
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Energy Performance data and Internal floor area
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