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2 Bed Flat For Sale Clement Street, Birmingham, B1

£260,000- Flat

Yield: 5.3%
1 of 5
Yield: 5.3%
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  • Rental Guide: £915 - £1,150
  • 2 Bedroom(s)
  • Description
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Key Features

  • Ideal B1 Postcode
  • High Rental Income
  • Close To Transport Links
  • Amenities Nearby
  • Experienced Management Company
Last Updated: 2nd June 2020

Description

Contemporary Birmingham Apartments

These contemporary buy-to-let residential development, taking home the sought-after B1 postcode in Birmingham.

A modern sophisticated development, this development is ideally located to attract the rapidly rising number of professionals, young couples and students who are choosing the area to live and work.

These apartments have been strategically located in the heart of Birmingham, within walking distance to the city's key business and entertainment areas.


Investment Overview

*Ideal B1 Postcode
*Below Market Value
*High Rental Income
*Close to Transport Links
*Amenities Nearby
*Experienced Management Company


Birmingham

Birmingham is the UK's largest city outside of London. Birmingham is a quickly growing city in which the supply of new housing is struggling to keep pace with the growing demand,

Therefore, it is rising the ranks of popularity as a location for local and international buyers as it is growing centres for digital media ventures, with a high reputation as a hub for creative industries.

Property Demand

Birmingham is home to the youngest population in England, which ensures high demand for rental property.

Furthermore, the city has had very little residential development over recent years, the supply of available homes to rent and buy is outstripped by demand. Therefore, as Birmingham continues to grow as a leading business destination.

Consequently, the new job creation will further enhance the demand for housing. What's more, the HS2 will bring a further £1.5bn and 22,000 jobs to the region. Park View Birmingham will be ideal long-term rental accommodation for the working professional market.

Computer Generated Images for Illustration Purposes Only
Sizes listed are approximations. Please contact the agent to verify actual sizes


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Agent Details
Alesco Investment Properties Ltd
Hays Lane, London, SE1 2HB
Show Contact Number
020 3819 7366

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
4.8

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current record low interest rates encourage house prices as it encourages people to borrow.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages will lead to steady house price growth.
5

Fiscal Policy

Stamp Duty:
£7800
Lower taxes for this property type will not burden this property type as much leading to potential future price growth.
9

Comparison with other investment alternatives

Investng in this property will give you a slightly better regular return when compared to other conservatve nvestments.
5

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 Bedroom properties in “B1” are mostly listed between £915 - £1,150. There is limited data on listings in proximity to this property.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested