Enterprize Zone, Birmingham

Investment Highlights

  • Prices from £192,250
  • Gross yields up to 5.49%
  • 1 and 2 beds
  • 33 units in Phase 1
  • Phase one completion expected Q2 2020
  • Excellent location, moments from city centre and New Street and Grand Central stations

There’s never been a better time to invest in Birmingham property. HSBC moved its retail division from London to Birmingham and over 2,500 staff relocated as a result. Deutsche Bank also increased its staff in Birmingham from 35 in 2007 to over 1,500 by 2018. Key financial institutions are taking advantage of the city’s six economic growth zones which are expected to attract a £1.5 billion investment program generating some 1.8 million square metres of new floor space and around 50,000 new jobs. Read more about Birmingham’s growth on ERE’s own blog here.

Enterprize Zone, Birmingham Rental Comparables

Enterprize Zone – Phase 1:
• Blended PSF – £361
• 1 Beds – From £192,250
• 2 Beds -From £262,500

PSF Comps:
• Beaufort House – £389
• Broadway Residence – £401
• Iron Works – £412
• Lunar Rise – £500 (Estimated circa)

https://www.isgplc.com/en/news/isg-over-the-moon-to-be-preferred-contractor-on-65-million-lunar-rise-scheme

1 BED COMPS:

• £269,950

http://www.rightmove.co.uk/property-for-sale/property-72235277.html

• £261,950

http://www.rightmove.co.uk/property-for-sale/property-53490300.html

• £227,500

http://www.rightmove.co.uk/property-for-sale/property-64295536.html

2 BED COMPS:

• £350,000

http://www.rightmove.co.uk/property-for-sale/property-64167433.html

• £310,950

http://www.rightmove.co.uk/property-for-sale/property-52676640.html

• £294,950

http://www.rightmove.co.uk/property-for-sale/property-53490903.html