Introducing The Silversmiths, Birmingham: A Jewel in Jewellery Quarter’s Crown
Surrenden Invest is pleased to present a unique opportunity for investors to own a remarkable Grade ΙΙ listed apartment in Birmingham city centre. Located in the most sought-after corner of central Birmingham, The Silversmiths presents buyers with the chance to own a slice of history and benefit from the rising demand for a rental property in the city’s affluent Jewellery Quarter.
With construction already underway, this beautifully executed period conversion will be delivered by NVSM – a Developer with an extensive track record in delivering high-quality restorations of listed buildings in Birmingham and London. With an exclusive allocation of 10 apartments within The Silversmiths development, Surrenden Invest has a range of units available within this historical buy-to-let investment.
Due to demand, four apartments have been reserved and taken off the market by clients searching for a property of this calibre in Birmingham city centre. Investors looking for a top-performing property investment with a historical-wow factor and an exceptional kerbside appeal should act now to ensure they don’t miss out on this rare opportunity to invest.
Presenting The Silversmiths Apartments
The Silversmiths is a boutique development of 34 luxury, two, and three-bedroom apartments spanning three floors. Tenants will be offered a peaceful slice of city-centre living, overlooking a residence-only courtyard or a quiet residential street.
Unlike other new-builds available in Birmingham city centre, the Developer will focus on amplifying the property’s existing period features by delivering open-plan interiors that include beautiful original wood beams and exposed brick walls.
Sold on a long leasehold agreement, buyers searching for a truly unique property in one of the UK’s best-performing locations for buy-to-let returns need to look no further than The Silversmiths.
OWN A SLICE OF HISTORY
Over the last 10 years, the UK’s Private Rented Sector (PRS) has played a critical role for investors and tenants alike, delivering new-build properties in locations with rising demand for rental property. Yet despite increasing levels of construction, it is safe to stay that the ability for investors to own a period property in the heart of a UK property hotspot is incredibly rare.
Dating back to 1865, The Silversmiths building was created during the reign of Queen Victoria and has seen six monarchs, the start and end of the industrial revolution, plus it remained standing throughout WW1 and WW2. Today, the thoughtful renovation will bring the building back to its former glory, making The Silversmiths development a unique opportunity for investors.
Birmingham is the largest city outside of London, boasting a city centre population of 1.1 million people.
Between 2002 and 2015, the Birmingham City Centre population grew by 163%.
Over the next few years the cost of renting in Birmingham forecast to rise by 15.9% by 2024.
INVESTING IN A UK PROPERTY HOTSPOT
Widely considered the UK’s Second City, Birmingham is the largest city outside of London, boasting a city centre population of 1.1 million people and 2.6 million across the wider metropolitan area.
Between 2002 and 2015, the Birmingham City Centre population grew by 163%, making it one of the fastest-growing populations across the country. Moreover, with the introduction of various multibillion-pound regeneration projects and the introduction of HS2 rail, the city’s central population is set to rise rapidly, creating an ideal environment for buy-to-let investors.
Potential rental income is one of the key factors buy-to-let property investors consider when evaluating an investment, so it will be encouraging news to many that average rents across Birmingham are rising.
The latest data from JLL has offered an insight into the rate of growth in rental values over the next few years, with the cost of renting in Birmingham forecast to rise by 15.9% by 2024. The regional picture also shows that property values are set to climb at a markedly fast pace in Birmingham, with property prices tipped to rise by 16.5% by 2024.
Buyers considering The Silversmiths investment are likely to witness the value of their off-plan apartment rising throughout the construction period. With completion due in 2024, early investors can benefit from the potential to secure strong capital gains and higher rental returns.
INVESTING IN BIRMINGHAM’S JEWELLERY QUARTER
Located in the North-West of the City, the Jewellery Quarter is the ‘most walkable’ residential district and is more than just a hub for jewellery makers. This already prestigious corner of the city is undergoing a rapid transformation and has welcomed multimillion-pound commercial and residential projects, and it is on track to benefit from the planned Metro Tram extension.
With a high standard of living on offer plus a steady demand for rental accommodation, when it comes to property investment in Birmingham, The Silversmiths really is the jewel in the Jewellery Quarter’s crown.
WHY INVEST IN THE SILVERSMITHS?
Alongside securing a reliable rental return and the potential to sell the property at a later date for a profit, there are plenty of reasons for buy-to let-investors to consider The Silversmiths. Seasoned property investors will be fully aware of the time it takes to manage a successful buy-to-let asset, which is why an experienced Management Company will fully manage apartments within The Silversmiths upon completion.
What’s more, apartments within The Silversmiths will also include a 10-year building warranty upon completion, which places an obligation on the Developer to repair any defects that aren’t caused by general wear and tear or maintenance issues. This reassurance offers valuable peace of mind for investors who want to feel confident their asset has been completed to the highest standard and will retain its value should they wish to sell at a later date.
Finally, when it comes to offloading the property, investors are likely to find the demand for a newly renovated Grade ΙΙ listed apartment in Birmingham city centre a highly attractive asset on the local market. The rarity of a period conversion that has been completed to such a high standard will naturally be a highly-desirable choice on the local property market.
Commenting on the development, Jonathan Stephens, Managing Director of Surrenden Invest, said:
“We have admired the Developer’s previous projects and the remarkable attention to detail that has gone into the thoughtful renovations which has persevered some of the UK’s oldest buildings whilst delivering functional spaces that are perfect for modern living. The quality of the end-product has not gone unnoticed on the property market, with their latest project achieving 100% occupancy rate and delivering investors exceptional rental yields.
“The whole team at Surrenden Invest is delighted to have the opportunity to market ten truly unique apartments within The Silversmiths development. There is already a buzz around the project, and we have no doubt that these remarkable buy-to-let properties will be snapped up by our clients quickly.”