Priest House set to create property investment opportunities in Birmingham

It can be hard to know what property to invest in sometimes, but a new development in a bustling city is hard to ignore.

The new Priest House development in Birmingham promises to be fantastic not only for residents but for investors too! Property in the largest city outside of London can be hard to come by, so a new development in an area attracting affluent professionals is a great opportunity.

Priest House Development

The Priest House residential development is being constructed in the Cradley Heath area of Birmingham. These one and two bedroom apartments are due for completion in the second quarter of 2019 and promise to offer a high standard of living for the young professionals currently flocking to the city. The apartments boast spacious living areas, comfortable double bedrooms and well-appointed kitchens to make it a very tempting prospect.

Cradley Heath is a fantastic location as it is situated just 8 miles from the centre of Birmingham. It is a developing suburb offering everything professionals and young families could need including leisure facilities, schools, open spaces and excellent transport links. Residents of the Priest House can enjoy having all this on their doorstep as well as easy links into Birmingham, the wider motorway network and an international airport.

Birmingham’s diverse history makes it a hub for creative industries, as well as a new destination for financial powerhouses such as Deutsche Bank and HSBC. It is one of the fastest growing centres for digital media businesses and presents a wealth of opportunities for a whole range of companies. The proposed HS2 rail network is also set to give Birmingham a further boost when it is less than an hour away from London.

Investment Opportunity

Investing in a Priest House apartment gives a 7% net rental return assured for one year and offer a fully managed hands-off investment. This means you can reap the rewards of this amazing opportunity whilst minimising the work involved.

A one bedroom apartment in the development spans 31.81 square metres and costs £84,950 and a 33.91 square metre two bedroom apartment costs £94,950. These apartments are priced below the market valuation, so they present an investment opportunity that is not to be missed.

To purchase one of these terrific apartments you will need to pay a £5,000 reservation fee. On exchange of contracts you will be required to pay 35% of the purchase price, and a further 15% will be due three months from the start of construction. The remaining 50% will be due on completion of the project.

As one of the biggest financial centres in the country, property investment in Birmingham is increasingly sought-after for many following the big business moves into the city. Investing in these apartments means that you can be at the forefront of a boom in property investment in a diverse and exciting city.

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