Up and Coming Digbeth
Completion Q1 2021
exclusive and sole Portfolio of 4 x 1 beds and 5 x 2 bed only £1,993,395
Approx just under 7% yield!
• Concierge service
• Parcel and food delivery facility
• Online tenant portal
• Community events
• Car parking and cycle storage
• Central communal courtyard
• 24/7 security
• Professional building management
• Smart technology
• Furniture packs available
Digbeth’s appearance is set to drastically change over the next few years and Westminster Works is ideally located to benefit from this regeneration. Based on what has happened to other major UK cities that have seen huge regeneration programmes, this is likely to help fuel the predicted capital growth.
In addition to the regeneration in the immediate area, This Development is also positioned within walking distance of the 500m Smithfield Development, the £900m HS2 regeneration area (site of the 2026 ultra - fast rail network, connecting London to Birmingham in just 49 minutes) and the £700m Paradise Development.
It is predicted that by 2020, high quality city centre residential schemes will reach £500 psf. With some niche schemes already hitting £425 to £450 psf, Birmingham looks well on track to hit this. With apartments in this development starting at just £323, the potential capital growth that could be achieved by the time this development completes is up to a massive 54.61%. Even if the actual price per square foot is less than the predicted £500 by 2020 due to economic or external factors, we believe that the price of this development is reasonable enough to still have great capital growth potential.