PIP is delighted to bring to select investors an ‘early bird’ off plan investment opportunity at One BHM, Birmingham, ideally situated on the outskirts of the famous Jewellery Quarter. The One BHM development will comprise of 165, 1,2 & 3 bed contemporary and sustainable luxury apartments, with predicted yields of up to 6%.
A modern sophisticated development, One BHM is ideally located to attract the rapidly rising number of professionals, young couples and students This enviable location offers everything a tenant or investor would be looking for in a city-centre development, with the very best of the city within easy reach, either on foot or by accessible transportation links. Less than 15 minutes' walk away from One BHM is the stylish canal-side area of Brindley Place. This key hub for both work and leisure next to the Barclaycard Arena and International Convention Centre is home to some of the city's best upscale bars and restaurants.
The great news is that we are delighted to have secured our clients amazing properties at today’s investor prices in a growing market! In fact, Hometrack UK cities index states that Birmingham has experienced 6.5% growth over the past 12 months, in relation to the UK’s overall growth of 3.4%. A report by Savills also gives us the 5-year residential property forecast, predicting that the Midlands should see growth of 19.3% between 2019 and 2023 – so the future is bright for Birmingham!
Investing at this early stage enables you, the investor, to secure a property in a growing and buoyant property market for an initial deposit of only 3% of the property value.
Reasons to Invest
- Unique ‘early bird’ offering;
- High specification apartments, in an excellent location;
- Strong capital appreciation predictions;
- Excellent location close to the city’s main business, shopping and leisure areas;
- Direct trains from Birmingham to London St Pancras in 1hr 8 minutes;
- Excellent Universities, schools and colleges;
- High rental demand area;
- Up and coming area with lots of regeneration taking place.
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Latest Build Update
Disclaimer: As with any off-plan development, completion and the timeline stated below can be subject to change as the build progresses. We will notify you of any changes to the below, specifically the anticipated completion date, as and when this happens.
Update - Q2 2019
We are pleased to confirm that the developer will shortly be submitting the planning application.
The standard statutory planning process takes around 16 weeks, so this is expected to be granted November/December 2019.
Detailed design of the development is due to commence August 2019 and construction is programmed to start January 2020.
Practical completion is currently programmed for Q2 2021.
Latest news from the developer
As you may have seen in the press, Prosperity Developments has announced a new partnership with one of the UK’s largest independent development management consultancies. Marking their continued vision for bigger, wide scale growth, they have joined forces with strategic and professional development manager - F3GROUP. This exciting partnership will enable them to bring forward plans for a series of new development schemes nationwide.
"F3GROUP is a hugely respected consultancy with vast experience of advising on and delivering major development projects and we see our relationship as a vehicle for significantly increasing opportunity. Our joint capabilities will allow us to take advantage of a large pipeline of potential development schemes across the UK and deliver at a bigger scale than ever before." - Joe Billingham, CEO Prosperity Developments
"We are delighted to be part of this exciting new partnership. Prosperity is a highly respected property investor, having a wealth of experience in offering a select range of first-class pre-build and off-plan property investments to a global audience. We look forward to working together with them to deliver its current and pipelined schemes, enabling us to offer our full scope of services to a new location and build our portfolio further, whilst utilising the skill set of Prosperity. Birmingham has great potential in the market this series of new schemes." - Gavin Gleave, CEO & Director F3Group
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