16/09/2023
If you’re thinking about property for sale in Birmingham and you’re
wondering where to look for your investment, here are FIVE of the best areas to invest in Birmingham.
1. Birmingham city centre
Avg purchase price: £250,297
Avg rental yield: 5.14%
Like many UK cities, Birmingham has seen huge growth in city centre living. Apartments in converted warehouses and sleek new builds attract professional singles and couples looking to take advantage of Birmingham city centre’s food scene, nightlife, shopping and leisure facilities. Over the last year, house prices here have boomed. Of course, the transport links in Birmingham are already pretty good, but add a HS2 station into the mix and you have the recipe for an investment hotspot to firmly keep your eye on.
2. Digbeth & Eastside
Avg purchase price: £231,700
Avg rental yield: 5.62%
Digbeth has been hailed by the Sunday Times as one of the coolest neighbourhoods in Britain. It’s a place that’s proud of its identity: street art & graffiti walking tours, nightlife and DJ events and culture of young start-ups continue to preserve its character. With the arrival of HS2 nearby, over-ground Metro lines, inward investment and planned regeneration, the ‘Creative Quarter’ is set to boom.
3. Jewellery Quater
Avg purchase price: £247,282
Avg rental yield: 5.21%
Renowned for Europe’s largest cluster of businesses in the jewellery trade, Birmingham’s historic Jewellery Quarter (JQ) once employed over 30,000 people.
The Jewellery Quarter has gained a contrasting reputation as the home to a much younger demographic. The majority of residents are aged 21-30 here, most of whom will not yet be homeowners but instead long-serving members of ‘generation rent’.
4. Edgbaston
Avg purchase price: £319,455
Avg rental yield: 4.69%
Largely recognised for its sporting heritage before anything else, Edgbaston also happens to be one of Birmingham’s most affluent postcodes and a clear investment hotspot. For investors that want a buy-to-let property in an area with established capital growth, Edgbaston is the place to keep your eye on. The growth here is driven by high tenant demand - particularly with young families who are looking for a safe place to live.
5. Erdington
Avg purchase price: £208,671
Avg rental yield: 4.12%
Representing one of the most affordable areas in this list, Erdington is a truly emerging market for the city. Home to around 23,000 residents, plenty of amenities and easy access to the city core, it’s an ideal choice for the investor that is planning for the long-term. A plus point for Erdington is its great public transport and road links into the city.