Anyone looking to get into the buy-to-let market in Birmingham can be sure they are making a shrewd investment when they buy a property at Barratt West Midlands’ Skyline development on Granville Street / Bath Row.
Skyline is a landmark development situated in the heart of Birmingham city centre, just minutes from the hustle and bustle of the Mailbox, making it ideal for first-time buyers, young professionals and investors.
Graydon Worthing, Sales Director for Barratt West Midlands commented, “Skyline is a fantastic development offering purchasers stylish city centre living for an unbelievable price.
“This means it has been very popular with both people looking to invest in the property market as well as potential tenants. In fact, we receive so many enquiries from people wanting to rent a property here, we are in desperate need of investors.”
Residential letting specialists, Accord Lets, manages many of the investment properties at Skyline and has experienced strong demand from potential tenants.
Carl Mimmack, Regional Director of Accord Lets said, “The Skyline development has a young feel, which is probably why it is popular with young professionals and some international students.
“It is in a great location, which appeals to city workers, only a five-minute walk from the Mailbox and the canal network and just ten minutes from The Bull Ring and New Street station.
“Being a low rise development of good sized apartments with a nice finish also helps and having a Tesco supermarket on the ground floor is a real bonus.
“The area is extremely popular for all these reasons and at any one time we have more than 120 prospective tenants looking at city centre apartments. This figure doubles during the summer months.
“On average Skyline apartments are only empty for five days between tenancies which means maximum returns for landlords. Rental prices for furnished Skyline apartments vary from £575pcm for a one bedroom apartment without parking (£600 – £625 with parking) to £825pcm for a two-bed, two-bathroom apartment with parking.”
Graydon continued, “With house prices increasing, bricks and mortar is once again looking like a sound investment and new build properties in particular make great buy-to-let homes due to their low maintenance and ten year NHBC guarantee. Plus our standard two-year warranty has now been extended to five years giving buyers added piece of mind.
“The homes at Skyline are built to the highest specification and with a minimum rental income of around £575 pcm, this really is an opportunity not to be missed. Anyone looking to become a landlord in the West Midlands should visit the Skyline sales office today.”
Skyline currently has a selection of one- and two-bedroom apartments remaining for sale priced from £99,950. For more information, please contact the sales office on 0121 666 6728, open daily from 10am to 5pm. Alternatively please call the sales hotline on 0121 585 5605 or log on to www.barratthomes.co.uk/skyline.