Why is Birmingham such a great investment area for rental property? Birmingham Letting Agent, Senate Property looks at why you should invest in Birmingham property.
As Britain’s second largest city, Birmingham is one of the UK’s most thriving cities, attracting millions of people each year to live, study, work and play, with property for rent in Birmingham supporting that exciting lifestyle.
With a £600m Birmingham New Station development project, a £128m extension to the Metro, a £65m runway extension at Birmingham International Airport (BHX), the £1.3Bn Selly Oak Investment, an approximate £181m capital expenditure on various major transportation schemes and the newly approved £32Bn HS2 rail link to London the infrastructural face of Birmingham is changing rapidly.
Birmingham has three University’s and in addition to a flourishing student population, with superb road, rail and air links, it is a major international commercial centre, ranked as an important transport, retail, events and conference hub, attracting individuals, business start-ups and multinational organisations (Jaguar, Cadbury Trebor Bassett, Goodyear Dunlop, Price Waterhouse Cooper, Deloitte & Touche and Eversheds are just a few of the globally recognised brands based in the city who have 1,000’s of staff who wish to take advantage of the city’s booming cultural, shopping and entertainment venues.
The growing residential properties to let in Birmingham rental market, allows property investors to make profit and money investing in Birmingham property, so it’s no wonder then that Birmingham was recently voted one of Britain’s top 10 investment hotspots and explains why the area is snapping at London’s heels as the UK’s property city of the future.
Senate Property Letting Agents can offer you affordable properties giving exceptional returns and rental yields that are hard to find in other parts of the UK today; which is why with so many attractive Birmingham properties for sale this is an ideal area for using property investment to gain an excellent alternative investment stream.
As a result Birmingham Lettings, Solihull Lettings and the surrounding areas enjoy a burgeoning market that caters for all tastes offering flats, apartments, traditional starter and family homes though to multi-lets or HMO (House of Multiple Occupancy) properties and executive properties for sale.
With a traditional 3 bedroom house starting from less than £100,000, buying a property in Birmingham can be a great investment, so it’s no wonder Birmingham is attracting both new and veteran landlords.
As an experienced residential Birmingham Letting Agent, Senate Property are currently helping landlords throughout Birmingham and Solihull effectively manage their property portfolio, which includes ensuring properties are fully compliant with the myriad of regulations including the Housing Act 1998, Landlord & Tenant Act 1985, Consumer Protection Act 1987, along with other regulation changes such as Energy Performance Certificates (EPC’s) and Tenancy Deposit Schemes (TDS) etc.
For the passive property investor, Senate Property Birmingham Letting Agent use their local knowledge and contacts with Birmingham estate agents, solicitors and property finders to select the ideal single or multi-let property, at the best price, in the right location.
After which our team of experienced trades people will renovate, refurbish and even provide the furniture to attract the best tenants, quickly, so as to minimise void periods and maximise rental yields, whist at the same time removing the time and hassle traditionally associated with building a profitable property portfolio.
It doesn’t matter if you are an accidental landlord, with a single property, an experienced landlord with a large property portfolio or simply wish to start investing in property for the first time, if you have a Birmingham property or property to let in Birmingham, along with Senate Property Lettings, we will help you to satisfy your individual needs.