Developer targets first time buyer market with latest scheme
Elevate Property Group has revealed its latest development in Birmingham aimed at first-time buyers.
Birmingham-based construction company Mossvale has been appointed as main contractor for a building programme of 64 studios, one and two bedroom apartments in Sheldon.
The development is scheduled to complete by the end of 2020 with buyers moving in early in the New Year.
Sheldon Court is Elevate’s first project aimed specifically at the first time buyer market.
David Hofton, sales and marketing director of Elevate Property Group, said: “This is very much the right development in the right area at the right time.
“The current Stamp Duty holiday, Help to Buy, plus historically low interest rates, means that Sheldon Court is perfect for those looking to get on the housing ladder.
“The apartments will also prove attractive to investors with potential 5-6% yields available.”
Prices will start at £130,000 for one of the 54 one bedroom apartments, with six two bedroom apartments and four studio apartments also available.
A show apartment will be opened in early October and Birmingham agents Centrick has been appointed to sell the apartments.