JEWELLERY QUARTER, BIRMINGHAM
OVERVIEW
1 BED PRICES FROM £185,000 2 BED PRICES FROM £275,000 RENTAL YIELDS OF UP TO 5.4%
THE DEVELOPER
KINGS CRESCENT HOMES
THE DEVELOPMENT A modern, contemporary development of 71 high specification apartments in Birmingham’s Jewellery Quarter, one of the country’s most exciting districts and the most desirable residential area in the city. Most major city centre landmarks, centres of employment, attractions and transport links can be reached within 10-20 minutes walk of the Copperworks. This includes New Street Station, Brindleyplace, Colmore Row, The Mailbox, O2 academy, International Convention Centre, St Pauls Square, Chinatown and University College Birmingham.
COMPLETION DATE B1 - Q1 2022 B2 - Q4 2021 B3 - Q4 2021 B4 - Q1 2022 B5 - Q2 2021 B6 - Q4 2021 TENURE 999 year leasehold BUILDING WARRANTY 10 Year CML approved warranty provided by Buildzone www.build-zone.com CYCLE STORAGE Secure cycle storage spaces provided free of charge GROUND RENT Ground rent set at 0.1% of purchase price and reviewed every 10 years to RPI
BIRMINGHAM
Liverpool
Leeds Manchester Birmingham London
Birmingham is the largest city in the UK outside of London with a population of 1.1m and one of the country’s biggest financial and commercial centres. With five universities and a student population of over 80,000 there is a vast tenant pool and the relocation of companies such as HSBC, PwC and Deutsche Bank to Birmingham will create a huge number of further professional jobs in the city. Construction on the £100bn HS2 rail link is now underway and will further improve the city’s connectivity, drastically cutting travel time to other major UK cities and reducing the travel time to London to just 45 minutes. The Copperworks is located in the Jewellery Quarter, immediately to the North-West of the City Centre and within short walking distance of Birminghams major landmarks, attractions and transport hubs. One of the most desirable residential districts in the city, the Jewellery Quarter has a thriving entertainment and arts scene with an abundance of independent bars, cafes and restaurants
PROPERTY PRICES • One of the best performing cities in the UK with 8.2% price growth between Dec 17 – Dec 19 compared with London at 1.4% and 31% growth over the 5 year period from 2013-2018, outperforming the nationwide UK market • Prices grew by 5.5% between Jan-Sep 2019, outperforming the UK average of 3.5% • Property prices in Birmingham are amongst the fastest growing in the country, further growth of 18% is predicted by 2024 • Rents are forecast to increase by 19.7% within the next 3 years SUPPLY AND DEMAND • Second largest city in the UK with population of 1.1m expected to grow by 171,000 to over 1.3m by 2040 • 40% of the population are below 25 – One of the most youthful cities in Europe • 3 .4% population growth compared to 0.7% in Manchester and London • Current shortfall of 2,300 homes required to keep pace with demand INVESTMENT & REGENERATION • £600m upgrade of New Street Station • £200m expansion of Birmingham Airport • £1.3bn expansion of Midlands Metro light rail line • £700m Paradise mixed use development between the City Centre and Jewellery Quarter
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Birmingham sits in the centre of the UK and is well connected on the national rail and road networks. The main rail terminus is Birmingham New Street Station, within a 15 minute walk from The Copperworks on the other side of the city centre and the busiest station in the country outside of London serving 140,000 passengers a day. The HS2 rail link is a £100bn infrastructure project that received government approval in February 2020 and is currently under construction. It will not only bring London closer at just 45 minutes by train but will create an estimated 36,000 jobs in Birmingham and 104,000 across the West Midlands region as well as billions of pounds of investment. It will carry 300,000 passengers per day when fully operational and will create an extra £1.5bn in economic output. Birmingham city centre is very walkable with the major commercial districts, entertainment and leisure attractions within short walking distance from The Copperworks.
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• HS2 – New £100bn high speed rail link will drastically reduce journey times to London (45 minutes) and Manchester (41 minutes) creating jobs, encouraging investment and driving growth. • Birmingham is in the centre of the country, well connected to the rail network with direct trains to most major regional UK cities • 90% of the UK population is within a 4 hour drive • Birmingham Airport is the seventh busiest airport in the UK
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WALKING TIMES FROM THE COPPERWORKS St Pauls Square Jewellery Quarter station University College Birmingham International Convention Centre Colmore Row Brindleyplace The Mailbox New Street station Chinatown Aston University Curzon Street (future HS2 station)
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6 mins 8 mins 8 mins 10 mins 12 mins 12 mins 14 mins 15 mins 20 mins 22 mins 25 mins
TRAIN TIMES FROM BIRMINGHAM NEW STREET STATION (15 MINS WALK) London Manchester Liverpool Leeds
1 hr 21 mins (45 mins HS2) 1 hr 28 mins (41 mins HS2) 1 hr 34 mins 1 hr 58 mins (49 mins HS2)
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LOCAL ECONOMY
Major blue chip companies are relocating to Birmingham including major multi-national organisations such as HSBC who will take their total workforce in the city to 3,500. Other major employers include RBS, BT, Deutsche Bank (2,000 employees), HMRC (3,600 employees), Barclays (1,300 employees) and WSP (700 employees) Birmingham Airport is a major employer, the airport has seen investment of over £300m in the past decade and has 19,000 full time jobs. Another main contributor to the local economy are the universities, not only through the direct employment of over 10,000 staff between them but also by producing a talented pool of graduates which helps in attracting and retaining businesses to the city.
LOCAL ECONOMY AND EMPLOYMENT • Highest GDP outside of London at £120bn with employment forecast to rise by 38,000 within the next decade • Top regional city for start-ups for the 6th consecutive year with over 18,500 new business start-ups in 2018, twice the number of Manchester • Universities – 5 universities with over 80,000 students with a graduate retention rate of 49%, the third highest outside of London • Host city for the 2022 Commonwealth Games
PARTNERS RECOMMENDED LETTING AGENT
VENDORS SOLICITOR
Complete RPI www.completerpi.com
Excello Law www.excellolaw.co.uk
Rupert Smith, Managing Director Tel: +44 (0)7903 155 742 rupert.smith@completerpi.com
Stephen Croasdale, Lawyer Tel: +44 (0) 845 257 9449 scroasdale@excellolaw.co.uk
RECOMMENDED SALES AGENT
RECOMMENDED PURCHASERS SOLICITORS
Benham & Reeves www.benhams.com
Charles Russell Speechlys LLP www.charlesrussellspeechlys.com
Claire Collier Tel: +971 501493115 claire.collier@benhams.com
Kelly Dunn, Chartered Legal Executive Tel: +974 4034 2037 kelly.dunn@crsblaw.com
RECOMMENDED FURNITURE SUPPLIER InStyle Direct Head Office Studio 13, The Courtyard 100 Villiers Road London NW2 5PJ Tel: +44 208 964 1966 info@instyledirect.co.uk
PAYMENT TERMS 1). A non-refundable reservation fee of £2,000 is payable on reservation. 2). 1 5% of the purchase price (less £2,000 reservation fee) is payable on exchange of contracts which must take place within 28 days of reservation. 3). T he balance of 85% of the purchase price is payable on legal completion.
All reservation fees should be paid directly to the developer BANK NAME ACCOUNT NAME SORT-CODE ACCOUNT NUMBER IBAN SWIFT BANK ADDRESS
Sources: Knight Frank, www.hs2.org.uk, Land Registry, Office for National Statistics
Metro Bank KCH (Birmingham) Limited 23-05-80 36598387 GB02MYMB23058036598387 MYMBGB2L One Southampton Row, London, WC1B 5HA