Buy-to-Let Property Investing in Birmingham

If you’re looking to start or expand your property portfolio, Birmingham is a superb location for your purposes.

In this article, the specialists at Property Solvers – experts in selling your home fast – explore the benefits of investing in buy to let property in the city and surrounding areas.

We’ll explain the growing attraction to this quickly redeveloping city, outline some of the most popular areas and offer a few tips to make your experience as easy as possible.

Why Birmingham?

Its location in the heart of the Midlands means that Birmingham provides an effective gateway to both the north and south of England. After all, it sits right in the very centre of the country.

Its accessibility is an attraction in itself, but prices in the city – once the engineering heart of the region – are also impressive.

Even towards the centre of Birmingham, the price of a flat or terraced house averages at just under £90,000. It’s a great time to invest, too, as Savills predicts that prices in the region may rise by a considerable 20% over the coming five years.

The airport is expanding, and there are a number of sizeable commercial developments taking place within the city centre. Birmingham is seeing a lot of investment, which will influence considerable growth over the next few years.

Birmingham is certainly an attractive location, boasting more miles of beautiful canal than Venice. It features both stunning industrial revolution-era architecture and an expansive collage of modern building designs.

With the exponential growth of the manufacturing and technology industries in the city, more and more new opportunities are arising that are likely to draw in young professionals and trade specialists. Birmingham is reinventing itself, adding more value to its properties every year.

About the City

Birmingham’s weather is relatively mild in general, with average temperatures peaking at 21°C in July and hitting lows of 1°C in February.

The main shopping district in the city centre features the Bullring and Grand Central shopping centres as well as numerous other retail outlets, right next door to Birmingham Moor Street station.

The city also features an efficient Metro Tram system and the airport is just under half an hour’s drive away from the centre.

Most Popular Areas

One of the most affordable spots in Birmingham is also one of the cheapest – the Jewelry Quarter, a thriving location complete with resplendent Victorian buildings and trendy bars.

If you prefer canalside properties with stunning views, Brindleyplace may just be the spot for you. It’s particularly popular with young professionals.

For something more high end, Edgbaston is ideal. Featuring a number of superb eateries along with a cricket ground and golf club, this suburb is the place for investors looking for high value property.

Aston, Nechells, Solihull, Sutton Coldfield, Handsworth, Penny Barr, Eastside, Digbeth, Moseley, Selly Oak and Harborne are also highly sought-after areas with a variety of amenities and atmospheres that will appeal to almost any prospective buyer or tenant.

Thanks to the gradual expansion of Birmingham’s Metro Tram system, the outskirts of the city will become far more accessible in the coming years, making areas such as Edgbaston, Brierley Hill, Dudley and Solihull more appealing to commuters than ever before.

Renting

With more people now moving out of London than are moving in, the individuals involved in this gradual exodus are seeking out somewhere new to settle.

Birmingham is one of the favourite spots for this, being less than an hour and a half from the capital by train. Plans for a HS2 station will mean that this time will be cut down to just over three quarters of an hour by 2026.

Birmingham’s properties are considerably more affordable than those in the south-east too, and commuting within the city far quicker and easier.

If you’re considering build to let as an option, Birmingham is ideal. Due to the predicted massive population boost, the city will need around 89,000 new homes before 2031.

It’s highly likely that landlords who invest in Birmingham property will enjoy yields of between 4% and 9% annually on average.

Economy

Due to its proximity to London and its extremely reasonable prices, it is likely that there will be still greater demand for Birmingham property during times of economic uncertainty.

Those looking to live somewhere more affordable or to make a sound investment in a harsher financial climate will no doubt be drawn to this fast-developing city, as will job seekers looking for roles within the fields of tech and manufacturing.

Birmingham provides a variety of superb opportunities for buy to let investors to build their portfolio and make considerable returns. There is no time like the present to acquire your first property, as your Birmingham portfolio will grow in value considerably over the next 15 years.

If you invest in property in a smaller scale and wish to sell any part of your portfolio, you can get in touch with the team at Property Solvers today. We specialise in exploring our clients’ real home selling options and offer both quick estate agency and fast cash sale services. We will be happy to assist you with any enquiries.

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