Birmingham is one of the most popular places to invest in property in the UK. However, while areas such as the Jewellery Quarter, Sutton Coldfield and Moseley are well-known hotspots, their popularity means that many properties command a premium price. Thankfully, there are some lesser known up-and-coming areas of Birmingham which could make for the perfect real estate investment. Here, we offer a guide to four areas you should check out when planning your next property investment in the city.
Digbeth will change a lot over the next ten years. The area is very close to the city centre, all major transport links and shopping areas such as New Street Station, the Bullring and Birmingham Coach Station. Also the famous Custard Factory has been sold to an ambitious property developers which can be an additional regeneration project.
Maybe the most important government plan – HS2 (High Speed 2), which station will be on Curzon Street in Digbeth and is what will change the face of area completely. Digbeth will benefit most from the HS2 and the Metro tram with new independent shops, pedestrian routes and cultural events. All these factors together make Digbeth the most attractive buy-to-let investment area in Birmingham.
Ladywood forms part of the B16 postcode and neighbours the sought after area of Edgbaston. While areas of Ladywood around Edgbaston Reservoir and Hagley Road aren’t as reputable at Edgbaston, this is beginning to change. There’s a lot of redevelopment currently underway in this area, with plans for over 3,000 new properties, along with leisure facilities, schools and shops. As the area is regenerated is likely that property prices in the area will begin to rise. Ladywood is also becoming increasingly popular with students from Birmingham City University, which makes it the ideal choice if you are interested in investing in a buy-to-let property.
Holloway Head is an often overlooked part of Birmingham. Nestled in the centre of the city, it’s been somewhat in the shadow of trendier areas such as the Jewellery Quarter. However, Holloway Head features excellent transport links, easy access to the Bullring, and restaurants and theatres. The construction of Concord House has helped to kickstart development in this area of town. There are currently plans to construct nine luxury apartment blocks in this part of the city, which could transform this area into a ’millionaires row’, while also helping to boost the price of surrounding property. If you are looking to invest in an apartment, Holloway Head could be the place to do it.
While the B29 postcode in the south west of the city may not seem highly desirable, it has many things to recommend it as a future investment hotspot, especially for the buy-to-let investor. Selly Oak is very close to the University of Birmingham which means there is high demand for rental properties. It’s just 10 minutes from New Street by train, which means it is also popular with young professionals who wish to commute into the city.
Contact Prosperity today to find about our buy-to-let apartment to buy in Birmingham – click here
