{"id":78469,"date":"2023-07-05T18:21:24","date_gmt":"2023-07-05T18:21:24","guid":{"rendered":"https:\/\/www.complete-ltd.com\/?p=78469"},"modified":"2024-10-23T15:46:36","modified_gmt":"2024-10-23T15:46:36","slug":"a-rental-market-guide-to-investing-in-birmingham","status":"publish","type":"post","link":"https:\/\/www.complete-ltd.com\/zh-hans\/a-rental-market-guide-to-investing-in-birmingham\/","title":{"rendered":"A Rental Market Guide to Investing in Birmingham"},"content":{"rendered":"

Your Buy-to-Let property guide to the areas and tenant profiles in Birmingham. <\/span>Learn about rents, yields and what factors matter to tenants in 2023.<\/span><\/p>\n

Is Birmingham a good place for landlords to invest in?<\/span><\/h2>\n

Birmingham is a city and metropolitan borough in the West Midlands, England. Its working population has increased by 21% in the last 22 years and as of 2022 the city has 1.15 million residents, forecast to reach more than 1.2 million (+4%) inhabitants by 2035. <\/span>Located approximately 100 miles (160 km) from Central London, Birmingham is fondly dubbed the United Kingdom\u2019s Second City, and is considered to be the social, cultural, financial and commercial centre of the Midlands.<\/span><\/p>\n

Birmingham is home to many entertainment and leisure venues, including Europe\u2019s largest leisure and entertainment complex, Star City, as well as Europe\u2019s first out-of-city-centre entertainment and leisure complex, namely, Resorts World Birmingham. It was also host to the Commonwealth Games in 2022, drawing drones of international attention. <\/span>Birmingham\u2019s economy has grown by 122% since the year 2000, totalling <\/span>\u00a336 billion as of 2022. The economy is expected to expand by a further 63% to reach \u00a359 billion by 2035. The city has a strong business community and is<\/span> home to several large corporations, including HSBC and PwC, which provide job opportunities and drive demand for rental properties. Birmingham also is an educational hub as it is home to six universities, making it ideal for students. With a city full of young working professionals and students, the opportunities for prosperous property investment are high.<\/span><\/p>\n

Read on to learn about the most popular buy-to-let investment locations in Birmingham and what tenants and features you need to consider for each.<\/span><\/p>\n

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Birmingham Rental Market Overview<\/span><\/h2>\n

As the second most populous city in the UK, it’s no surprise that Birmingham\u2019s buy-to-let opportunities reflect that. Birmingham’s thriving rental market, coupled with its growing population and economic development, has attracted many buy-to-let landlords. The city offers a range of property investment opportunities in residential and commercial property. Ongoing regeneration projects are the result of the subsequent increase in wealth and economic growth. Birmingham’s property prices have increased by 80% over the past 10 years and the city expects to see a further 19.2% growth from now until 2027.<\/span><\/p>\n

Birmingham has a high demand for rental properties, driven by its six universities and a strong job market. With a significant international student population, there are particular areas nearby with a strong demand for student accommodation. <\/span>With the second highest rental forecast outside of London, the rental growth forecast is set to to increase 19.3% between 2023 – 2027. The average rent in Birmingham has increased 4.7% between September 2021 and September 2022. And with the introduction of the HS2 high-speed railway line, which is due to open between 2029 and 2033, the distance between Birmingham and the UK\u2019s other major cities will be much shorter. This therefore will result in the London commuter belt widening, and further boost the housing market in Birmingham.<\/span><\/p>\n

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Birmingham’s Top Areas for Investment<\/span><\/h2>\n

Jewellery Quarter (B1)<\/span><\/h3>\n

With 200 listed buildings, the Jewellery Quarter is undeniably one of the most charming and attractive places to live and work in the city of Birmingham. Dating back to the 18th century, it is home to the largest collection of Victorian and 20th century buildings devoted to jewellery manufacturing in Europe. The manufacturing industry is still thriving today with the Quarter producing 40% of all the jewellery made in the UK.<\/span><\/p>\n

Since its industrial start, the area has attracted significant investment and restoration and is now home to a bustling food & beverage scene. Bars and modern eateries line the streets up to St Pauls Quarter, along with trendy stores and galleries attracting young professionals from across the city.<\/span><\/p>\n

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Jewellery Quarter H<\/span>ousing Market<\/span><\/h3>\n

Tenant Profile<\/h4>\n

The Jewellery Quarter is the \u2018national treasure\u2019 of Birmingham, with celebrated architecture that is regenerated and restored to house many young working professionals that live and work in the area. The young professionals work in creative industries, including jewellery design, architecture, graphic design, and digital media. The area’s artistic and entrepreneurial atmosphere makes it an appealing choice for individuals starting their careers or seeking a vibrant work-life balance. With just a 2-minute drive to the Central Birmingham College and a 6-minute drive to Aston University, the Jewellery Quarter is therefore an attractive location for <\/span>students<\/span>, especially those studying disciplines related to art, design, and business.<\/span><\/p>\n

Housing Market<\/h4>\n

The average sale price for the Jewellery Quarter (B1), according to Zoopla over the past 12 months is \u00a3383,059 (May 2023).<\/span> We have collated a case study on a completed development typical of the area with rental market statistics to give you an overview of what to expect below. <\/span>The average sale price for the Jewellery Quarter (B1), according to Zoopla over the past 12 months is \u00a3383,059 (May 2023).<\/span><\/p>\n

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Development Case Study: Bishton Fletcher Building in the Jewellery Quarter<\/span><\/h4>\n

The Bishton Fletcher Building, launched in 2020, is located in the heart of the Jewellery Quarter and is managed by Complete Prime Residential Ltd. This residence was sensitively restored and converted into 12 bespoke, modern apartments. Properties were priced between \u00a3302,000 and \u00a3385,500.<\/span><\/p>\n

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