Investors are being drawn to new apartments being built in Perry Barr just a stone’s throw from key locations of the 2022 Commonwealth Games. The one and two-bedroom flats at Perry Park View on Aldridge Road are being delivered by housebuilder Persimmon Homes, ideal for investors wanting to build up their property portfolio.
The apartments are ideal for modern-day living, offering a bright, open plan living/dining room with a good-sized kitchen alongside either one or two well-proportioned bedrooms and a family bathroom. Priced from just £125,000 the properties offer new or established investors the opportunity to establish a hold in the rental market before the Games begin.
Persimmon Homes Central Sales Director Sarah Preston said: “The development is appealing to the investment market as the properties are renting out very quickly.
“I think investors can see that these homes are produced to a high quality and will give a high yield return. We are very pleased that we have produced a design of apartment that seems to be ticking the right boxes for many, many people.” Local estate agent Martin & Co estimates the apartments have the potential to secure a rental income of from £700pcm, a yield of 6.7%.
Just a short walk from the development is Perry Park, home to Alexander Stadium which will be hosting not only the athletic events, but also the opening and closing ceremonies of the 2022 Commonwealth Games. Perry Park View is also in close proximity of the Commonwealth Village. As well as apartments, a handful of 3-bedroom family homes are for sale on the development, including the detached Chatsworth priced at £250,000 and the 3-bed, 3-story end terrace Souter for £237,000.
Sarah added: “Perry Barr is a brilliant location with everything that Birmingham has to offer just down the road. Excellent links to the road and rail networks make for easy access to Birmingham, Solihull, Royal Leamington Spa and Coventry.”
