BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which...

15

Transcript of BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which...

Page 1: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast
Page 2: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

BIRMINGHAMIN NUMBERS

1.1M

12.2%

50,000

243%

Population growth between 2012 and 2032

New city centre jobs to be created by 2030

Increase in foreign direct investment between 2011-2015

Investment into Birmingham driven by the High Speed 2 rail project

Public sector investment committed across the city

Residents, the UK’s second-largest city

Students graduating each year from Birmingham’s 5 universities and 4 colleges73,000

GBP1.3bn

GBP1bn

Page 3: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

Home to over 1.1 million people and within four hours’ commute of 90% of the UK’s population, Birmingham is Great Britain’s second-largest city and plays a key role in the national economy. The city is open for business and attracting considerable inward investment from major corporations and brands, with national and local government stimulating historic levels of regeneration through major infrastructure and public realm investments.

URBAN RENAISSANCE: ENGINE OF GROWTH

Page 4: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

ECONOMY

1.8 million square feet of new commercial floor space to be

created by 2030

Home to over 75,000 companies including 1,190 international firms

– The UK’s largest concentration

of businesses outside of London

Over 50,000 new city centre jobs will be created by 2030

2016 saw a 37% increase in new start-ups while foreign

direct investment rose by 243% between 2011 and 2015

The city’s retail sector is renowned, with 38 million people visiting the iconic Bullring shopping centre

each year

At the heart of a GBP94 billion regional economy

Page 5: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

A Special Enterprise Zone, Arena Central will deliver a 1.2 million square foot mixed-use destination in the heart of the city centre. From 2018 the site will also house HSBC’s UK business and personal banking services – including up to 1,000 staff.

ARENA CENTRAL

Birmingham Council’s Big City Plan is a 20-year masterplan to rejuvenate the city centre. Transport infrastructure is also undergoing historic levels of investment. Here are the highlights:

When completed in 2032, HS2 will bring London within 49 minutes and cut journey times to Edinburgh, Newcastle and Manchester. The city is home to HS2’s construction headquarters, so between now and project completion in 2032, over 1,500 jobs will be created in the city. The project is also stimulating local regeneration around the future station and is expected to deliver a GBP1.3 billion economic boost.

HIGH SPEED 2 (HS2)

Brindley Place is a groundbreaking mixed-use canalside development initiated in the 1990s which transformed Birmingham’s business and leisure offering. The scheme delivered over 1.2 million square feet of grade A office space which today accommodates over 8,500 employees and corporations including Deloitte, Deutsche Bank and RBS. Brindley Place’s premium dining and leisure offering attracts over 10,000 visitors every day.

BRINDLEY PLACE

REGENERATION

Page 6: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

SUPPLY

Birmingham is home to over 1.1 million people, a figure forecast to rise by 12.2% between 2012 and 2032. This influx is driven by employment opportunities and the lifestyle on offer – it is estimated that more than 6,000 people left London for Birmingham in 2015.

Source: Deloitte Crane Survey 2017

DEMAND

Growing confidence and a concerted effort from major land-owner Birmingham Council, is spurring a surge in construction activity across the city. Despite this, housing supply across Birmingham will struggle to meet soaring demand for many years ahead.

Birmingham needs 30,000 new homes by 2031

To meet growth ambitions, the Council’s Big City Plan is targeting to build a minimum of 5,000 new city-centre homes between 2011-2020

Confidence continues to rise, with more than 2,300 units to be delivered over the next three years. Ten new developments started on site in 2016 – up from only one in 2015

Development activity peaked in 2008, with 1,983 units delivered

Over 4,200 new households in Birmingham by 2021

Young professional demographic driving demand for city centre living

Home to over 75,000 companies, including 1,190 international firms

Over 50,000 new city centre jobs to be created by 2030

37% increase in new business start-ups between 2011 and 2015

RESIDENTIAL UNITS UNDER CONSTRUCTION

Page 7: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

Birmingham property prices have seen steady appreciation for over a decade, and growth is on the cusp of accelerating. There is plenty of room for further uplift with prime city centre developments still relatively affordable compared to other major cities.

SALES MARKET

Rents are climbing across Birmingham, driven by the rising popularity of city centre living, unprecedented population growth and a shortage of rental stock to meet this demand. The average rent for a 1-bedroom city centre apartment is GBP700, with 2-beds receiving GBP900.

RENTAL MARKET

3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017

House price growth of 21.7% forecast between 2017-2021

The average price for 1 and 2-beds in the prime city centre is GBP172,500 and GBP250,000 respectively

High demand for rental accommodation saw average rents increase by 3.2% in 2016

Prime housing rents rose by 4.9% during 2016

Rental growth of 17.6% is forecast between 2017 and 2021

Private renting grew by 5% between 2001-2011 and continues to grow in popularity

RENTAL PROJECTIONS 2017-2021

BIRMINGHAM AVERAGE HOUSE PRICES

Source: JLL

Source: Land Registry

Page 8: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

St. James Rd

Fred

eric

k Rd

Geor

ge R

d

Whe

eleys

Rd

Elve

tham

Rd

Ryland Rd

Lee Cres

Pakenham Rd

Carpenter Rd

Aust

en P

l

Woodview Dr

Gough Rd

Charlotte Rd

A4400

SUFFOLK STREET QUEENSWAY

HOLLIDAY ST

BRIDGE ST

BROAD ST

HARBORNE RD

WESTBOURNE RD

CALT

HORP

E RD

B4532

VICARAGE RD

A4540

A38

WELLINGTON RD

BRIS

TOL

ST

SHER

LOCK

ST

B410

0

B4100

B410

0

BATH ROW

B4127

A441

BELGRAVE MIDDLEWAY

ICKNIELD PORT RD

MO

NUM

ENT

RD A4540

A456

ISLINGTON ROW MIDDLEWAY

Sprin

g Rd

Duchess Rd

Huntly Rd

Francis Rd

Ruston St

Ryland St

Sheepcote St

Gilby Rd

Lighthorne AveLedsam St

Freeth

St

Ladywood Rd

Oliver Rd

Reservoir Rd

Gas St

Berkley St

Bishopsgrate St

Granville St

Cregoe St

Bell Barn Rd

Great Colmore St

Irving St

Grant St

Wyn

n St

Mosedale Way

Bell Barn Rd

Rick

man

Dr

Hope St

Wrentham St

Bromsgrove St

Pershore St

Bish

op S

t

Barfo

rd S

t

Rea S

t S

MacDonald St

Alcester St

Biss

ell S

t

Gooch St

Bellevue

Balsall Heath Rd

St Luke’s Rd

Angelina St

Conybere St

Highgate St

Emily St

Leopold St

Dymok

e St

Char

les H

enry

St

Lom

bard

St

Birc

hall S

t

Moseley St

Rea

St

Bradford St

Oxfo

rd S

tMer

iden

St

Allis

on S

t

Tren

t St

New

Can

al S

tPark

St

Bull St

Temple R

ow

Waterloo St

Hill St

Gough St

Bordesley St

Mason Way

BIRMINGHAM NEW STREET

FIVE WAY

BIRMINGHAM MOOR STREET

HS2

1

1

2

34

5 6

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

1718

Birmingham City University, City South Campus

EDUCATIONLANDMARKS

University of Birmingham, Campus The Vale

St Thomas C of E Academy

St Catherines Catholic Primary School

University College Birmingham

Birmingham City University, City Centre Campus

Quarter Horse Coffee Roasters15

Hippodrome Theatre Birmingham16

Bullring, Birmingham17

Malmaison Birmingham18

Broadway Plaza

Cineworld

Brindley Place Business Hub

Brindley Place

Barclaycard Arena

International Convention Centre

1

2

3

4

5

6

1

2

3

4

Crowne Plaza Hotel

The Mailbox

The Cube

Tesco Express

Spar

Birmingham Town Hall

7

8

9

10

11

12

5

6

Birmingham Museum & Art Gallery13

O2 Academy Birmingham14

BIRMINGHAM CONNECTIONS

Curzon Street HS2 Station

Birmingham International Airport 12 mins from New Street Station by train

MailboxBrindley Place

DRIVE TIMESFROM THE CURVE

New Street Station

5 mins

7 mins

8 mins

20 mins

140 DIRECT ROUTES

New York

Istanbul

Dubai

Major European hubs

BUS TIMESFROM THE CURVE

6 mins

11 mins

13 mins

16 mins

19 mins

Bullring Shopping CentreNew Street Station

Curzon Street HS2 Station

Birmingham City University, City Centre Campus

Jewellery Quarter

University of Birmingham

Bullring Shopping Centre

WALKING TIMES FROM THE CURVE

New Street StationThe Mailbox

future Arena Central

Brindley Place

13 mins

15 mins

18 mins

20 mins

Page 9: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

A prime location in the south city centre, The Curve at Park Central is at the heart of an area undergoing an urban renaissance.

Blending the benefits of convenience with the tranquillity of park-side living, this is a chance to be a part of Birmingham’s budding growth story.

99 spacious 1, 2 and 3-bed apartments

Curved structure provides stunning city views

Stylish living just minutes from central Birmingham’s key landmarks

Computer generated images are intended for illustrative purposes only

Page 10: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

LIVING/DINING

Computer generated images are intended for illustrative purposes only

Page 11: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

BEDROOM &BATHROOM

Computer generated images are intended for illustrative purposes only

Page 12: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

FLOORPLANS

1F

2/8F

9F

1 BEDS

1 BEDS

2 BEDS

2 BEDS

3 BEDS

3 BEDS

1 BEDS

2 BEDS

3 BEDS

N

N

N

1

1

1

2

2

2

3

3

3

4

4

4

5

5

5

6

6

6

7

7

7

8

8

8

9

9

9

10

10

10

11

11

11

1 2 3 4 5 6 7 8 9 10 11

2200 2201 2202 2203 2204 2205 2206 2207 2208 2209 2210

2211 2212 2213 2214 2215 2216 2217 2218 2219 2220 2221

2222 2223 2224 2225 2226 2227 2228 2229 2230 2231 2232

2233 2234 2235 3326 2237 2238 2239 2240 2241 2242 2243

2244 2245 2246 2247 2248 3349 2250 2251 2252 2253 2254

2255 2256 2257 2258 2259 2260 2261 2262 2263 3364 2265

2266 2267 2268 2269 2270 2271 2272 2273 2274 2275 2276

2277 2278 2279 2280 2281 2282 2283 2284 2285 2286 2287

2288 2289 2280 2291 2292 2293 2294 2295 2296 2297 2298

Unit numbers

Page 13: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

Bath/shower with mixer tap and bath screen

Shower tray and shower enclosure with chrome finishings

Soft close WC with concealed cistern and dual flush

Heated towel rail

BATHROOM

Dulux White Emulsion throughout

Wall tiling to bathrooms and en-suites

Leoline comfytex vinyl to open plan living/dining/kitchen, bathrooms, ensuites, hallways and hall store cupboard

Wool twist carpet to bedrooms

FINISHES

Worktops with upstands and soft close doors and drawers

Integrated extractor unit, four ring ceramic hob, oven, fridge/freezer and dishwasher

Pull out recycling bins to be fitted in one kitchen cupboard

Freestanding washer/dryer located in hall cupboard

Low energy lighting to underside of wall units

KITCHEN/LIVING

SPECIFICATIONS

Page 14: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast

Please note: floor plans and images are for information purposes only and are subject to change from time to time. Areas shown are approximate measurements.

IP Global is only licensed to sell The Curve in Hong Kong, United Arab Emirates, South Africa, China, Singapore, and Malaysia. If you are based outside these countries you may have mistakenly received this communication.

Page 15: BIRMINGHAM - Avocado Estates€¦ · RENTAL MARKET 3.6% annual capital growth in 2014 which accelerated to 7.94% in the 12 months to February 2017 House price growth of 21.7% forecast