A fantastic opportunity to acquire a performing Buy-to-Let investment in the ever-popular Jewellery Quarter. This 2-bedroom apartment is currently tenanted until October 2021, with the tenants indicating that they would like to sign an additional 12-month contract. The current gross rental yield is 5.4% – an excellent return in the city.
The apartment briefly comprises 2 double bedrooms, one family bathroom, an open-plan living room and kitchen; there is one parking space in the underground car park allocated to this apartment. The bathroom has a full-size bath with an overhead shower on the wall, white sanitaryware, laminate floor and tiled walls.
Westgate is located on Summerhill Terrace, next to the Greek Orthodox Church, and backs onto Camden Street which has seen increasing popularity in recent years. There are a number of new residential schemes under construction in the area; the Jewellery Quarter continues to grow in popularity.
The Guardian newspaper had this to say about the Jewellery Quarter in 2015: “with a population of over 6,000 and growing, offers 18th- and 19th-century terraces and townhouses, as well as flats in large converted factories. There’s a vibrant atmosphere around St Paul’s Square and along Warstone Lane, with an abundance of pubs, bars and restaurants.”
This apartment has been let for several years and continues to perform well. GRY 5.4%, NRY 4.3%.
Location-wise, the Jewellery Quarter is perfect for city living as you are within an easy journey of city amenities, with the added benefit of escaping into a tranquil safe-haven within a matter of minutes. While in the heart of Birmingham and a stone’s throw away from the city core, the Quarter does not have the grey, congested feeling that you would expect so close to the city. In fact, it is very much a hidden neighbourhood with its own quaint charm and character that makes it so unique.
The 250 year old Jewellery Quarter feels like a friendly village in the heart of the city. It’s this welcoming vibe that’s attracted lots of creative folk, cool bars, independent restaurants and one sympathetic regeneration investment after the next. It’s refreshingly unpretentious and is a wonderful place to call home, especially if you work in Colmore Business District which shares a border with the Jewellery Quarter.
Independent businesses galore. Creative eateries, bars, delis, businesses, experiences and interesting places to visit.