BIRMINGHAM NEW HOMES - Knight Frank...• Re invented 1930’s Art Deco landmark building • 6%...
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BIRMINGHAM NEW HOMES PROPERTY LIST 2018
Transcript of BIRMINGHAM NEW HOMES - Knight Frank...• Re invented 1930’s Art Deco landmark building • 6%...
BIRMINGHAM NEW HOMES
PROPERTY LIST
2018
WELCOMEAs one of the UK’s largest and most experienced new homes property consultancies, we are well placed to bring you your perfect new home or investment property.We work with the industry’s best house builders and developers so you can be assured of high specifications, outstanding workmanship and great after sales care.
As the largest privately owned global property consultancy, Knight Frank is driven by a uniquely personal culture. This culture enables a tailored approach to assisting our clients, drives us to continually strengthen relationships across our network and affords us the agility to stay ahead.
We hope this property list will provide you with an exciting flavour of our current new homes opportunities.
Peter Smith [email protected]+44 121 233 6406
Prices from £150,000THE BANK, SHEEPCOTE STREET
• Open plan layouts • Contemporary designed kitchens• Lift Access to all floors• Secure entry via Video Entry System• Close to the new HSBC offices, new
Paradise Birmingham and within a short walking distance to Colmore Business District, Mailbox & Grand Central
A selection of contemporary studios, 1, 2 and 3 bedroom apartments located in the Convention Quarter of Birmingham city centre. The completed development will enjoy views over Brindleyplace, and the Canal Basin.
Computer generated images for indicative purposes only.
Milly Shaw [email protected]
+44 121 233 6494
Birmingham New Homes | 4 Birmingham New Homes | 5
MOSELEY CENTRAL, ALCESTER ROAD Prices from £129,950
Contemporary studios, 1, 2 and 3 bedroom apartments set in the desirable bohemian location of Moseley Village. With many great places to eat and drink and independent retailers, it’s a real sense of community and a hive of creativity. Help to Buy available.Ready to move in Summer 2018.
• Parking available on selected plots• Lift access to all floors• Keslar kitchens, Porcelanosa bathrooms,
Neff appliances, Moduleo flooring• Close to many independent bars &
restaurants and boutique shops. Only 3 miles from Birmingham City centre
• Moseley private park membership available
Computer generated images for indicative purposes only.
Kate [email protected]
+44 121 234 0339
Show
Apartment
availa
ble to
view
Computer generated images for indicative purposes only.Computer generated images for indicative purposes only.
Birmingham New Homes | 6
Prices from £600,000GALBRAITH HOUSE, GREAT CHARLES ST
• Lift access to all floors• Engineered oak flooring to
Hall & Living areas• Porcelanosa fully fitted kitchen with
Krion solid worktops and a range of Siemens built in appliances
• Secure entry via Video Entry System• Duplex Penthouse is circa 1900 sq ft of
spacious open plan accomodation with a summer house & roof terrace
• Within walking distance to Colmore Business District, Jewellery Quarter, Mailbox, Grand Central & Snowhill stations
An exclusive collection of 20 stylish one and two bedroom apartments located in prime central Birmingham with a unique duplex penthouse apartment with a private roof terrace. Help to Buy available.
Computer generated images for indicative purposes only.
Christiana [email protected]
+44 121 233 6467
Birmingham New Homes | 7
Sharon [email protected]
+44 121 659 6004
HONDURAS WHARF, SUMMER LANE Prices from £460,000
• Balcony/Outside space with penthouse apartments
• Gated parking available with penthouse apartments
• Lift to all floors• High specification kitchen
and bathrooms• 5 minutes from Snow Hill station• 15 minute walk to HS2 Hub• Ready for immediate occupation
A fantastic opportunity to purchase a brand new apartment at the extremely popular Honduras Wharf development. Located within a 5 minute walk of Snow Hill station, Colmore Row and St Pauls Square this development is selling fast.
Computer generated images for indicative purposes only.
Last one
remaining
Last one
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Birmingham New Homes | 8 Birmingham New Homes | 9
Kate [email protected]
+44 121 234 0339
ST PAUL’S CHAMBERS, ST PAUL’S SQUARE Prices from £1,750,000
St Pauls Chambers offers eight contemporary new build apartments comprising 2 two bedroom apartments, 5 three bedroom apartments and a 3,518 sq ft penthouse each finished to a high specification.
• Located within a 10 minute walk from the Central Business district
• Within an easy walk of railway stations (both local and mainline services)
• Sought-after Jewellery Quarter location• Short distance from the leafy oasis
of St Paul’s Square• Quality flooring materials and high
specification throughout the apartments• All apartments have balconies/terrace• Ready for immediate occupation
Computer generated images for indicative purposes only.
Last one
remainingST PAUL’S SQUARE Prices from £495,000
• High quality specification• Allocated parking for selected plots• Located on St Paul’s Square• Close to independant bars & restaurants
in St Paul’s Square and the trendy Jewellery Quarter
• Within short walking distance to Central Business District
St Paul’s Square is a luxury development of 6 studio – four bedroom apartments and 1 three bedroom townhouse.
Computer generated images for indicative purposes only.
Milly [email protected]
+44 121 233 6494
Last few
remaining
Prices from £490,000THE MANSION HOUSE, EDGBASTON
• Individually designed luxury apartments• Generous sized reception rooms
& kitchens• High ceilings throughout with carpeted
hallways & bedrooms• High quality finishes with solid oak
entrance doors, high quailty engineered oak flooring in each reception room
• Beautifully landscaped grounds• Located in Edgbastons upmarket
conservation area, close to local amenities
A stunning conversion of an imposing detached house and adjoining lodge. The Mansion House is an impressive, low-density development set in landscaped grounds. It is located on the corner of Richmond Hill Road and Farquhar Road at the heart of Edgbaston’s premier residential district.
Computer generated images for indicative purposes only.
Christiana [email protected]
+44 121 233 6467
Coming
soon
Sharon [email protected]
+44 121 659 6004
REGAL COURT, OFF BROAD STREET Price on Application
Regal Court offers a mix of one and two bedroom modern apartments within a convenient City Centre location.
• Secure car parking sold at an additional cost on selected properties
• Lift access to all floors• Convenient location to Brindleyplace
aswell as the well-known Mailbox and Arena Central
• Within a 15 minute walk from both New Street and Five Ways train stations
• Well maintained communal areas• Located just off Broad Street
Computer generated images for indicative purposes only.
Birmingham New Homes | 11 Birmingham New Homes | 10
Birmingham New Homes | 12
Milly [email protected]
+44 121 233 6494
THE JEWEL COURT, JEWELLERY QUARTER Prices from £175,000
A new build development of 77 one and two bedroom apartments in the heart of one of Birmingham’s most sought-after districts.
• Quality Specification• Parking Spaces Available to buy• Lift Access to All Floors• Integrated high quality
kitchen appliances• Security Entry System• Bathroom suites with ceramic
wall & floor tiles• Ready for immediate occupation
Computer generated images for indicative purposes only.
Last few
remaining
Birmingham New Homes | 13
Kate [email protected]
+44 121 234 0339
THE LIGHTWELL, CORNWALL STREET Prices from £336,000
Luxury studios, one and two bedroom apartments and two bedroom penthouses in the heart of Birmingham’s central business district.
• Designed by award winning architects• High specification as standard• Located in the heart of Birmingham’s
business district• Close to many shops, bars & restaurants
within the Colmore Business District• Walking distance to New Street, Snowhill
station and the tram network• Ready for occupation end of 2018
Computer generated images for indicative purposes only.
Birmingham New Homes | 14
BURNE JONES HOUSE, 11-12 BENNETTS HILL Prices from £150,000
• Stylish 1 & 2 bed apartments• Re invented 1930’s Art Deco
landmark building• 6% projected rental yields• Great Investment Opportunity• Close to New Street station, Grand
Central & The Bullring• Ready for occupation early 2018
Elegantly designed apartments for sale in Birmingham city centre. Originally built in the 1930’s, Burne Jones House has today been re-invented to provide thirty luxury apartments in Birmingham city centre.
Computer generated images for indicative purposes only.
Christiana [email protected]
+44 121 234 6467
50% sold
in one w
eek!
Birmingham New Homes | 15
THE FITZGERALD, WEST BAR Prices from £108,500
• Central location next Sheffield’s prestigious £175 million West Bar redevelopment
• Modern specification• Contemporary interiors• Projected investment yields up to 6.5%• Help to Buy available• Ready for immediate occupation
Brand new, highly specified, city centre apartments. Luxury living in a league of its own, The Fitzgerald offers a unique opportunity to step onto the property ladder. Show apartment available to view.
Computer generated images for indicative purposes only.
Louise [email protected]
+44 777 348 9243
Show
Apartment
available to view
THE AXIUM, WINDMILL STREET Prices from £174,950
• Fantastic investment development opportunities
• Contemporary interiors & open plan living
• Communal courtyard• Close to New Street station,
Grand Central & The Bullring
A luxury development of 304 apartments in the heart of the city, with secured parking available at an additional cost.
Computer generated images for indicative purposes only.
Birmingham New Homes | 16
Sharon [email protected]
+44 121 233 6409
Birmingham New Homes | 17
TENNANT ST LOFTS
An exclusive development of 40 luxury loft style apartments located in prime central Birmingham set in the heart of Birmingham, due to be completed in Summer 2018.
DEVELOPMENT – COMING SOON
Knight Frank Global Research produces market-leading residential,commercial and agricultural property reports and indices, as well asundertaking bespoke consultancy projects. Our global network of offices, operating in over 50 countries, means we can carry out research virtually anywhere in world.
OUR RESEARCH
Knight Frank The Birmingham Report
1
THE
REPORT
Economic and housing market overview Average house prices rose at an annual pace of 2% in Q3, according to the latest data from Nationwide. However, there is still a significant difference in the rate of growth across the country, as the map below shows.
RESIDENTIAL RESEARCH
UK RESIDENTIAL MARKET UPDATE
“ Data indicates that net supply of housing in England rose to more than 200,000 in 2016/17, a key milestone, but some way off the 250,000 Government target.”Follow Gráinne at @ggilmorekf
For the latest news, views and analysis on the world of prime property, visit our blog or follow @KFIntelligence
GRÁINNE GILMORE Head of UK Residential Research
HOUSING POLICY PUSH The Government has now put housing firmly at the top of the domestic policy agenda. Theresa May, the Prime Minister, hosted a housing summit at Number 10, and now attention is turning to the Budget on November 22nd. Meanwhile, house prices are up 2% across the UK, and the price declines for existing homes seen in prime central London over the last year are starting to abate.
Key facts Oct 2017Average UK house prices are up 2% on the year in Q3, according to Nationwide
Prime central London prices for existing homes were unchanged in September, taking the annual rate of decline to -4.6%, from -6.7% in January
Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2%
Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3%
Average residential prices in London have shown a year-on-year fall for the first time in eight years, but even across this market, there are strong local differences in pricing. Data from the Land Registry, which is calculated on a different basis to the Nationwide, shows double-digit price growth in Camden and Hackney in the year to August 2017.
Overall price growth across the country has been underpinned by low mortgage rates for those who have access to equity or a deposit, but all eyes are now turning to the Bank of England as its Monetary Policy Committee gears up to decide whether to raise interest rates early next month. Swap and LIBOR rates, the money market rates that determine fixed-rate pricing, have already started to rise. However, even if there is a quarter-point rise, the base rate will still be ultra-low by historical standards,, and mortgage rates are likely to remain attractive compared to long-term norms.
UK Bank base rate & 12-month LIBOR rate
Source: Knight Frank Research/BOE
0.25
0.50
0.75
1.00
1.25
1.50
1.75
2.00
20172016201520142013201220112010
Per
cent
LIBOR 12-month Bank of England base rate
Net Supply of Housing, England
Source: Knight Frank Research/DCLG
0
50,000
100,000
150,000
200,000
250,000
2016/1
7
2015/1
6
2014/1
5
2013/1
4
2012/1
3
2011/1
2
2010/1
1
2009/1
0
2008/0
9
2007/0
8
2006/0
7
Net supply of housesNew-build completionsEPCs
Num
ber
A lack of supply of housing has also been a key factor in pricing in some parts of the market. Indeed, the delivery of housing is now at the top of the domestic political agenda. Data suggests that net additions of new homes in England rose to above 200,000 in 2016/17, a key milestone, but some way off the 250,000 Government target. The Communities Minister announced earlier this month that there would be an extra £10 billion in funding for Help to Buy, while Theresa May pledged an additional £2 billion for Affordable Housing. The November Budget may be the
Annual house price growth, Q3 2017
Source: Nationwide
1.9%
2.5%
2.8%
0.4%
5.1%
4.6%
4.8% 3.9%-0.6%
3.9%2.6%
THE BIRMINGHAM REPORT
Economic and housing market overview The Bank of England has voted to keep interest rates unchanged for the 13th consecutive month, but the account of the meeting held by rate-setters attracted attention, particularly on the foreign exchange markets. The ‘minutes’ of the rate-setters’ meeting, published after every rate decision, indicated that the Bank may be preparing to raise rates – and this caused the pound to climb to $1.35 against the US dollar, up from around $1.25 at the beginning of the year, although this is down from $1.70 in 2014.
RESIDENTIAL RESEARCH
UK RESIDENTIAL MARKET UPDATE
“ Amid increasing speculation that a rate rise in the UK might be on the cards in the coming months, the Bank of England Governor has emphasised that any changes would be ‘gradual and limited’.”Follow Gráinne at @ggilmorekf
For the latest news, views and analysis on the world of prime property, visit our blog or follow @KFIntelligence
GRÁINNE GILMORE Head of UK Residential Research
RENEWED INTEREST IN INTEREST RATES The Bank of England has given more ‘forward guidance’, indicating that it may move to raise interest rates from their record low in the coming months, although there is no guarantee that this will happen. Meanwhile, house price growth across the country continues to moderate, while the prime London market shows signs of regaining momentum.
Key facts Sept 2017Average annual house price growth slowed to 2.1% in August, down from 2.9% in July
Prime central London prices for exisiting homes dipped 0.2% in August, taking the annual change to -5.4%
Average UK rents rose by 1.6% in the year to August, down from 1.8% in July
UK interest rates held at 0.25% for 13th consecutive month
The money markets now assess that the likelihood of a rate rise in November is at around 60%. However, the Bank has indicated several times over the last few years that rate-setters were minded to raise rates, and no increase has yet materialised.
In a recent speech, Mark Carney, the Bank of England Governor, indicated that even if rates did start to rise, it would be a gradual process. He said: “Any prospective increases in Bank Rate would be expected to be at a gradual pace and to a limited extent, and to be consistent with monetary
Pound strengthens against the dollar
Source: Knight Frank Research/ BOE
1.10
1.15
1.20
1.25
1.30
1.35
1.40
1.45
1.50
20172016
01/0
1/20
16
01/0
3/20
1601
/02/
2016
01/0
5/20
1601
/04/
2016
01/0
7/20
1601
/06/
2016
01/0
9/20
16
01/1
2/20
1601
/11/
2016
01/1
0/20
16
01/0
8/20
16
01/0
1/20
17
01/0
3/20
1701
/02/
2017
01/0
5/20
1701
/04/
2017
01/0
7/20
1701
/06/
2017
01/0
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1701
/08/
2017
1.10
1.15
1.20
1.25
1.30
1.35
1.40
1.45
1.50
20172016
UK average house prices Annual % change
Source: Nationwide
-20%
-15%
-10%
-5%
0%
5%
10%
15%
01/0
1/17
01/0
1/16
01/0
1/15
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01/0
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1/11
01/0
1/10
01/0
1/09
01/0
1/08
01/0
1/07
01/0
1/06
policy continuing to provide substantial support to the economy.”
While the UK central bank’s direct mandate is to use monetary policy to manage inflation, policymakers will also have one eye on Brexit, as they need to manage the potential economic effects of the UK’s withdrawal from Europe.
The discussion around increasing interest rates comes as mortgage rates have hit near record-lows. While accessing a mortgage still requires a substantial deposit, those who have access to this finance can take advantage of rates as low as 1.6% fixed for five years.
Meanwhile, house price growth continues to moderate. Average values across the UK dipped by 0.1% in August, according to Nationwide, taking annual growth to 2.1%. A breakdown of regional house price growth calculated by the Office for National Statistics, shows that the East of England and the Midlands are leading the growth, with London showing the most modest level of annual growth. However, this comes after several years of very strong growth in the capital, and the market remains highly localised, with prices rising strongly in some boroughs.
Economic and housing market overview In what was a widely expected move, the Bank of England raised interest rates in November. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.
This will be the first time some borrowers will have ever experienced an increase in their mortgage payments.
However, what happens next is likely to set the tone. Last month’s move was simply a reversal of the cut in August of last year following the vote to leave the European Union and means that the base rate is still at a historically low level. Another rate rise in the coming months would likely have a firmer impact on sentiment. It is also worth noting that while economists are forecasting more rate rises, they expect that the base rate will be at 1% by 2020 – still near record low rates.
RESIDENTIAL RESEARCH
UK RESIDENTIAL MARKET UPDATE
“ All eyes now turn to the Chancellor as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following June’s General Election.”Follow Gráinne at @ggilmorekf
For the latest news, views and analysis on the world of prime property, visit our blog or follow @KFIntelligence
GRÁINNE GILMORE Head of UK Residential Research
ALL CHANGE? Chancellor Philip Hammond is preparing to deliver his Autumn Budget later this month, with housing expected to feature heavily. Meanwhile, the Bank of England raised interest rates for the first time in a decade.
Key facts Nov 2017Average UK house prices are up by 2.5% over the year to October, according to Nationwide
Interest rates were raised to 0.5% in November, the first rate rise in a decade
Prime central London prices for existing homes edged up by 0.1% in October, taking the annual rate of decline to -3.6%
Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2%
Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3%
Households with a variable rate mortgage will be most affected by the 0.25% rate rise. While it is likely that mortgage rates on new home loans will rise slightly, the move is unlikely to have an impact on overall pricing.
Across the UK, average house prices rose by 2.5% over the year to October, according to the latest data from Nationwide. This was a slight pick-up from
UK house price change Annual, %
Source: Nationwide
-20%
-15%
-10%
-5%
0%
5%
10%
15%
2017201620152014201320122011201020092008
UK base rate v mortgage rates
Source: Bank of England
0%
1%
2%
3%
4%
5%
6%
2017201620152014201320122011201020092008
2017201620152014201320122011201020092008
United Kingdom, Policy Rates, Bank Rate2 Year (75% LTV) Fixed Rate Mortgage5 Year (75% LTV) Fixed Rate Mortgage
0%
1%
2%
3%
4%
5%
6%
7%
8%
September, but notably below the near 5% growth reported a year ago. The market remains highly localised, with affordability a key concern in many markets.
All eyes will now turn to the Chancellor, Philip Hammond, as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following this year’s snap General Election in June. Housing has leapt up the political agenda in recent months and is likely to feature heavily.
The property industry’s wish-list for the Chancellor is extensive covering both planning and policy. The Budget may be the opportunity for the Government to announce additional changes or support to further boost supply.
Official housebuilding figures released this month by DCLG showed annual housing supply in England amounted to 217,350 net additional dwellings in 2016-17, up 15% on 2015-16.
Stamp duty, which is payable on all residential purchases, remains another sticking point. It is seen as a barrier to moves up and down the housing ladder, as well as for those saving for a deposit. There is speculation that first-time buyers may see some change in stamp duty rules, which emerged as new data shows that the levy raised £9.4bn in the year to September, taking receipts to a record high.
Economic and housing market overview In what was a widely expected move, the Bank of England raised interest rates in November. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.
This will be the first time some borrowers will have ever experienced an increase in their mortgage payments.
However, what happens next is likely to set the tone. Last month’s move was simply a reversal of the cut in August of last year following the vote to leave the European Union and means that the base rate is still at a historically low level. Another rate rise in the coming months would likely have a firmer impact on sentiment. It is also worth noting that while economists are forecasting more rate rises, they expect that the base rate will be at 1% by 2020 – still near record low rates.
RESIDENTIAL RESEARCH
UK RESIDENTIAL MARKET UPDATE
“ All eyes now turn to the Chancellor as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following June’s General Election.”Follow Gráinne at @ggilmorekf
For the latest news, views and analysis on the world of prime property, visit our blog or follow @KFIntelligence
GRÁINNE GILMORE Head of UK Residential Research
ALL CHANGE? Chancellor Philip Hammond is preparing to deliver his Autumn Budget later this month, with housing expected to feature heavily. Meanwhile, the Bank of England raised interest rates for the first time in a decade.
Key facts Nov 2017Average UK house prices are up by 2.5% over the year to October, according to Nationwide
Interest rates were raised to 0.5% in November, the first rate rise in a decade
Prime central London prices for existing homes edged up by 0.1% in October, taking the annual rate of decline to -3.6%
Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2%
Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3%
Households with a variable rate mortgage will be most affected by the 0.25% rate rise. While it is likely that mortgage rates on new home loans will rise slightly, the move is unlikely to have an impact on overall pricing.
Across the UK, average house prices rose by 2.5% over the year to October, according to the latest data from Nationwide. This was a slight pick-up from
UK house price change Annual, %
Source: Nationwide
-20%
-15%
-10%
-5%
0%
5%
10%
15%
2017201620152014201320122011201020092008
UK base rate v mortgage rates
Source: Bank of England
0%
1%
2%
3%
4%
5%
6%
2017201620152014201320122011201020092008
2017201620152014201320122011201020092008
United Kingdom, Policy Rates, Bank Rate2 Year (75% LTV) Fixed Rate Mortgage5 Year (75% LTV) Fixed Rate Mortgage
0%
1%
2%
3%
4%
5%
6%
7%
8%
September, but notably below the near 5% growth reported a year ago. The market remains highly localised, with affordability a key concern in many markets.
All eyes will now turn to the Chancellor, Philip Hammond, as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following this year’s snap General Election in June. Housing has leapt up the political agenda in recent months and is likely to feature heavily.
The property industry’s wish-list for the Chancellor is extensive covering both planning and policy. The Budget may be the opportunity for the Government to announce additional changes or support to further boost supply.
Official housebuilding figures released this month by DCLG showed annual housing supply in England amounted to 217,350 net additional dwellings in 2016-17, up 15% on 2015-16.
Stamp duty, which is payable on all residential purchases, remains another sticking point. It is seen as a barrier to moves up and down the housing ladder, as well as for those saving for a deposit. There is speculation that first-time buyers may see some change in stamp duty rules, which emerged as new data shows that the levy raised £9.4bn in the year to September, taking receipts to a record high.
Watery Ln M
iddleway
A45A4540
A41
A435
A456 A4540 Belg rave Middleway
A454
0
A38
Brist
ol S
tree
t
A441
Broad
St
JewelleryQuarter
ChineseQuarterGay Village
Edgbaston
Bearwood
Birmingham
Small Heath
Sparkhill
2 3 1
46 5
7
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CITY CENTRE DEVELOPMENTS
1. Honduras Wharf
2. The Jewel Court
3. St Paul’s chambers
4. St Paul’s square
5. The Lightwell
6. Galbraith house
7. Burne Jones House
8. The Bank
9. Tennant St Lofts
10. Regal Court
11. The Axium
12. Moseley Central
13. The Mansion House
