2021 was an incredibly busy year for the Prosperity completions team, as we delivered six developments across the country – and 2022 looks to be just as productive as we kick off the new year with a further four developments.
Last year, of course, brought many challenges to every type of business as the world grappled with the implications of the Covid-19 pandemic – and we in the construction industry certainly faced the global supply issues on materials. But I am proud to say we still managed to deliver more than 500 properties within contractual time frames.
Tameway Tower in Walsall, a prominent former office block in the town centre, has been converted into 143 stunning one- and two-bedroom apartments and will help to revitalise the town centre as a location in which to live, work and enjoy leisure time.
Just over an hour up the road from Birmingham, in the beautiful market town of Ilkeston, Derbyshire, we handed over 69 spacious one- and two-bedroom apartments. Southside is a prime location in the heart of the market high street, surrounded by local shops, bars and restaurants, plus sporting facilities, including an 18-hole golf course.
In nearby Nottingham, at our Constable Court site, new builds on phase one and phase two, which is a converted police station, quickly sold out as local buyers were keen to take advantage of investing in this exciting and successful East Midlands city, which is ranked as one of the best locations to live in the UK.
Also completed were two developments in Halifax, with 106 apartments, and 108 stunning studios, one- and two-bedroom apartments in up-and-coming Southend on Sea, just an hour’s commute from London, where rental demand is extremely high, thanks to the more affordable costs. Beautifully finished with the latest high tech appliances and security systems, plus a lobby area that would challenge any five-star hotels, this development is a real boost for this rising seaside location.
2022 will see us completing four amazing developments – and there are still some apartments available for buyers who are looking for a new home or investors who want to expand their portfolios in this buoyant market.
Severn House, Birmingham, which sits in the highly sought-after B1 postcode in Severn Street, is just a stone’s throw from the city centre’s business, retail, leisure and entertainment destinations. This fabulous development forms a contrasting backdrop to the ultra modern infrastructure of the Mailbox, The Cube and landmark Library of Birmingham.
It has 30 one- and two-bedroom luxury apartments, with prices ranging from £225,000 to £350,000 , making it an ideal purchase for young professionals who want to enjoy city living. These apartments are also an attractive prospect for investors, with a projected 7% yield.
There’s never been a better time to invest in the trendy Digbeth area of Birmingham, where we are just about to complete Moseley Gardens. This area of the city has seen huge regeneration and investment over the last few years and attracts creatives, media and digital professionals. A quick walk around Digbeth will quickly reveal why so many are looking to invest here. Moseley Gardens comprises 67 one- and two-bedroom apartments, from £199,995 and upward. Investors can expect a healthy 6.6% yield, too.
Market Court, in thriving Birkenhead, is part of our conversion portfolio and comprises 59 stylish, contemporary one- and two-bedroom apartments. They are available from £99,995 and there are a few remaining available units, which, at this fantastic price, are suitable for any first time buyers.
The final development we will complete this year is Lombard House in Newark-on-Trent, a former office block that will be converted into 18 one-bedroom modern and stylish apartments. Located in between Nottingham and Lincoln, these apartments are available from £89,995 – an opportunity to buy now at these ‘never to be repeated’ prices.
Our expert teams are continuously looking for investment opportunities up and down the country. Thanks to our commitment to quality, buyers can be assured of a first-class experience and a completed residential unit that boasts superior fixtures and fittings.
Want to find out how you can invest in a Prosperity development? Talk to the team today about securing your new home – or you next investment property.
