- Purchase price : £215k 1-bedroom serviced apartment
- City centre location 10 minute walk from HS2 terminal
- High local demand for serviced apartments
- Short term lets is a growing market
- Rental income averaging £2,200 per month
- Yield = 12.28%
Why Invest In Digbeth, Birmingham
Birmingham is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres. There is a wealth of opportunities for companies seeking to expand or invest in Birmingham. The city has exceptional connections to both national and international destinations. The new HS2 rail line will bring the capital even closer with a journey time of 45 mins and will welcome an estimated £1.5bn and 22,000 jobs to the region. Alongside this Birmingham International Airport sits just 5 miles south-east of the city centre with a choice of over 400 direct or one-stop flights across the world A £600million makeover of New Street Station was unveiled in September 2015, complete with the launch of Grand Central shopping mall also the Bullring where high street favourites can be found, alongside the iconic department store Selfridges. The city houses 5 universities with over 73,000 UK and overseas students choosing Birmingham as their place to study and build careers. The relocation of firms such as Deutsche Bank, HSBC and HMRC will increase the number of affluent professionals making Birmingham their home. Plans have been announced for a £1bn transformation of the area around the iconic Custard Factory located in Birmingham’s Digbeth. The scheme will include up to 2.2 million sq. ft of commercial space and 1,850 homes alongside shops, restaurants, cafes and additional leisure facilities. It is a major part of the city councils plan to regenerate Digbeth ready for the opening of the HS2 terminal.