Location
Sapphire Court is due to launch on the 5th June, at the moment we can offer investors a 3% pre-launch discount as well as other potential incentives to secure the first 10% of apartments in the development.
Digbeth has been one of our most sought after locations over the past 12-18 months, and we are pleased to present an option to our investor community which provides both an excellent yield & also great expectations for capital growth.
Situated ideally within the local area, Sapphire Court sits on one of the main commuter arteries into the City Centre, and as such benefits from excellent transport links. It is a 11-minute walk from Birmingham New Street Station, 9-minute walk from the Bullring Shopping Centre and a 12-minute walk to the new HS2 Terminal. The accommodation is much needed to meet the demand of people moving to Birmingham, particularly young professionals moving from London and graduates from the Birmingham universities.
Named the one of the coolest neighbourhoods in the UK by the Sunday Times, Digbeth is Birmingham's hottest property spot. With plenty of bars and restaurants, it is comparable to the Northern Quarter and Ancoats in Manchester, and is a location in very high demand. Digbeth is one of the main creative centres in the city – a place where artists, digital and media enthusiasts mingle at The Custard Factory and Fazeley Studios with graduates, vintage lovers and musicians. The area is set to see huge regeneration efforts over the next few years. The £1.9bn Smithfield regeneration will be central to the wider, long-term transformation of Digbeth and Birmingham's city centre.
Investment Highlights:
- 166 Apartments consisting of 1-bed and 2-bed apartments and 2-bed duplexes
- Small development which is ideal for limiting rental competition and having the ability to increase rents in line with the market. Each apartment carries its own quirk and allows investors to command a premium on the rental and resales market with very few comparable apartments
- Key employment districts are within walking radius of the project - this includes (Lloyds Bank, RBS, Deloitte and Deutsche Bank), Arena Central (HSBC & HMRC), Paradise Circus (PwC & DLA Piper, BT & KPMG).
- Entertainment centres like Birmingham’s 15,000 capacity arena, The Symphony Hall, The ICC and Mailbox are all within a 10 minute walk of the development
- Full funding for the development has been secured from an institutional investor. This provides security over the investment and an added level of due diligence from an experienced 3rd party who has successfully deployed over £350m and funded the construction of 2,100 homes
- Property prices in Birmingham are amongst the fastest growing in the country with new build apartments especially in demand
- Rents are forecast to increase by 19.7% within the next 3 years driven by demand from young professionals and a growing population
- Peppercorn Ground Rent with 999 Year Lease
- Completion Q1 2025
Purchase Process:
- Sign and return reservation form & transfer reservation deposit (£5000)
- 25% deposit (less reservation deposit) is due on exchange after 28 days.
- On completion the remaining balance (75%) is payable by way of cash or mortgage in Q1 2025
Why Birmingham?
- Birmingham is home to over 75,000 students with a 49% retention rate. The University of Birmingham and Aston University are consistently ranked in the top 50 UK Universities and the local economy benefits from a vast talent pool which helps to attract major employers to the city.
- Construction on HS2 has now begun - valued at £100 bn this is the largest infrastructure project in the UK and connects London and Birmingham in 49 minutes. This puts 45 million people within 1 hour of Birmingham.
- 60% of the population is aged below 35 - one of the most youthful cities in Europe and this is the largest demographic of renter.
- With the population growth rate rising faster than other UK cities and a high graduate retention rate there is a continuous increase in demand for city-centre apartments. Current shortfall of 2,300 homes to keep pace with demand.
- Most popular destination for people to move away for London.
- £1.9 Billion Smithfield Regeneration – “Once in a generation opportunity” – Click here
- £900 Million Curzon Street HS2 Station Regeneration – Click Here
- Research shows regeneration schemes lead to 3.6% additional house price growth – Click here
Here is the full brochure for the development: