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Economy
Leading European business destination with regional economy of over £90 billion.
St Mary’s Square
Chesterfield
Key points
- Property type: Luxury residential new build
- Location: Birmingham City Centre
- Units available: 226 one, two & three bed apartments
- Guide price: £199,995 - £449,995
- Predicted yield: 5.5%
Get in touch
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Population
Youngest population in the UK, Birmingham has a thriving and ever-growing market for city centre property.
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Connectivity
25 min walk to New Street Station, 30 min walk to the future HS2 Station (49 mins to London), 20 min car or bus journey to Birmingham International Airport.
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HS2
HS2 will bring the capital even closer at 49 mins, welcoming an estimated £1.5bn of investment and 22,000 jobs to the region.
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Business
Relocation of Deutsche Bank and HSBC is increasing the number of affluent professionals making the city their home here.
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Transport
£750 million transformation of New Street train station, and £100 million Metrolink expansion connecting key city residential hubs.
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Education
5 universities with over 73,000 UK and overseas students choosing Birmingham as their place to study and build careers.
Payment plans
Monthly & Mortgage Plan
1 Bedroom Apartment
Payment plan provided is correct at the time of development launch
Purchase Price: £199,995.00
Reservation Deposit: £9,999.75 plus £850 legal fees
30% Deposit: 24 x £2,374.94
70% Mortgage arranged on completion
Estimated gross rental income £900.00
Estimated gross rental yield 5.4%
Monthly & Mortgage Plan
2 Bedroom Apartment
Payment plan provided is correct at the time of development launch
Purchase Price: £249,995.00
Reservation Deposit: £12,499.75 plus £850 legal fees
30% Deposit: 24 x £3,124.94
70% Mortgage arranged on completion
Estimated gross rental income £1,200.00
Estimated gross rental yield 5.8%
The latest Development updates
Site hoarding
JQ Rise Site Update
- The profession team to deliver the development has been appointed and are now working in conjunction with Interserve Construction Ltd to procure the Main Design and Build contract.
- Service disconnections to the existing are being procured prior to the October / November commencement of the demolition works.
- Design development & contract procurement to December 2020
- Targeted start on site January 2021.
JQ Rise Site Update
- Planning permission was granted on the 4 June for the 226 units
- 106 Agreement is progressing and will be executed September 2020
- The profession team to deliver the development is being assembled along with discussions with a number of main contractors
- Service disconnections to the existing are being procured prior to the October / November commencement of the demolition works
- Design development continues
- Targeted start on site January 2021
Architects impression of JQ Rise
JQ Rise Site Update
- We are pleased to report that planning permission was granted on 4th June 2020 for 226 dwellings.
- S.106 Agreement is progressing and will be executed late August 2020
- Professional team to deliver the development is being assembled along with discussions with a number of main contractors
- Design development continues with construction anticipated to commence onsite in January 2021
One BHM Site Update
- Birmingham Planning Committee have confirmed a hearing date of 4th June, which is positive news as we were mindful of any further delays due to the current back log from Covid-19. We will inform you of the decision as soon as we know
- Meanwhile, further detailed design work continues with a view to construction work commencing late 2020
One BHM Site Update
- We are working with Birmingham City Council to compile a second round of requested reports
- Micro climate survey successfully completed
Proposed aerial view of site
CGI of revised scheme
One BHM Site Update
- Architects have been engaged with Birmingham City Council in response to comments by planning officers
- Detailed design finalised with alterations to the originally proposed scheme in response to the location and shape of the site
- Full finalised planning application will now be submitted
- Statutory planning process due to take approximately 16 weeks
Hoarding up at One BHM site
One BHM Site Update
- Planning to be submitted June 2019
- Upon planning being granted construction anticipated to begin Q1 2020
- With the standard statutory planning process taking around 16 weeks, we’re unlikely to have much in the way of updates until this next stage has been reached and consent is granted
One BHM CGI
One BHM Update
Planning
- Planning submission by Q2 2019
- Estimated date for planning approval July 2019
Delivery & Construction
- Detailed design estimated to commence in August 2019
- Construction estimated to commence in January 2020
