There is no doubt that the Birmingham property market is a great place to invest in right now. With prices starting at a relatively low point and with plenty of choice when it comes to properties, there are many reasons why you should consider buying a Birmingham property.
Why Birmingham, anyway?
Birmingham is a city on the rise, with many new projects transforming large sections of it. The Big City Plan has helped bring more people into this thriving metropolis and highlighted key areas for investment properties that are forecasted to experience high growth rates in demand as time goes by – all while you’re enjoying your hometown lifestyle.
Birmingham is a city that has seen incredible growth in recent years. The five universities, great shopping and nightlife options make it an attractive destination for students from all over the UK as well as tourists looking to visit this vibrant location. And with 90% of the rest of the UK within 4 hours driving distance you’ll be able explore pretty much any sight or event possible.
Here are some of the top locations to buy Birmingham property:
- Erdington.
Erdington is an affordable option for those on a tight budget. You’ll find the majority of shops you need in Erdington High Street, and if it’s necessary to head into central Birmingham then take public transportation which takes less than 20 minutes from your stop outside The Bullring.
The options for green space in Erdington are endless. You can drive to Sutton Park, one of the largest urban parks within Great Britain and also enjoy a leisurely stroll through Rookery Woodlands just outside your doorsteps! For those looking at buying property there’s plenty available- from terraced houses averaging £157,000 or flats paying an average price tag around £100,000-with all sorts of amenities within their neighbourhoods.
- Sutton Coldfield.
Sutton Coldfield is a town that has something for everyone. There are golf courses and the largest leisure centre in Birmingham, so sports enthusiasts will not be bored with their selection of activities on this list.
If you’re looking to catch some movies or see an evening show then there’s also plenty available here as well – from theatres down near central station all the way up towards Edgbaston Village where many popular attractions can easily be reached by foot (or bus).
But unlike Erdington, prices of homes in Sutton Coldfield are much more expensive, with the average cost of a detached house reaching almost £500,000.
- Moseley.
Moseley is a great place to invest in should you be moving in with your family. Apart from being highly suburban, Moseley is also home to the best schools, one of which is dedicated to children under the autism spectrum.
Buying a home in Moseley can be quite an investment too, with average prices of semi-detached properties averaging at around £402,000.
- Digbeth.
Digbeth is a historic, industrial area that has rapidly grown into one of Birmingham’s most vibrant neighbourhoods. The community offers an array shopping experiences with plenty of art and music venues to keep tourists entertained as well.
With a growing number of creative businesses and street art festivals, it’s no wonder that the area around Digbeth is seen as an increasingly attractive destination.
The average cost of property in Digbeth is £150,389, but with annual prices of homes increasing at around 19%, it’s recommended to invest in this part of Birmingham while the rates are still relatively more affordable compared to Moseley or those near Sutton Park.
References:
https://sevencapital.com/birmingham-property-investment/best-places-invest-birmingham/
https://www.reallymoving.com/help-and-advice/guides/the-best-places-to-buy-property-in-birmingham
