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Birmingham is a property hotspot!

Thursday 17th August 2017

1 in 3 first time buyers want to move out of London and make the move to Birmingham where house prices are £345,000 cheaper than the capital!

birmingham-skyline

London’s cost of living is too high and it the big reason that over 40% of 25-34 year olds decide to buy their first home outside of the city. In addition to this 6% of Londoners said they would also move outside of the city for a better quality of life.

Birmingham is known as the second city and has just as much on offer as London with benefits of more affordable housing plus cheaper places to eat out and drink. On average a moving to Birmingham instead of buying in London and you will spend on average £354,000 less (according to data collected by Online Mortgage Advisor.)

With the scheduled arrival of HS2 in 2026 investors are already jumping on the bandwagon and purchasing property in Birmingham ready for the boom! We have already seen many new exclusive and luxury developments popping up over the city – for example the lavish development ‘St Pauls Townhouse’ in a prime position at the top of the only Georgian square in the city, with exclusive restaurants, bars and the business district on its doorstep, St Pauls House is in the heart of it all. These houses have sold in the region of £575,000 and are only set to rise over a period of time.

For further information / to discuss our current sales and lettings availability please call us on: 0121 236 5757 (option 1)

 

Best Developments in Brum...

Monday 12th June 2017

Birmingham is the UK’s property hotspot!

With the city set to benefit from substantial infrastructure investment, in particular the HS2 high-speed rail line to London scheduled to open in 2026, this reflects a trend seen in a number of European regional centres by offering good value for investors. Birmingham’s relative value is also bringing occupiers to its office market, with global bank HSBC moving its retail division to the city, taking a 20,000 square metre pre-let at 2 Arena Central in 2015. In addition, rising rents and a dwindling supply of good quality space have prompted several developers to start building or refurbishing offices.

Here at York Laurent we are huge advocates of this city (obviously being based here) and all that it has to offer both residents and visitors. Birmingham is a beautiful city, the buildings, the views, the people, the food – Birmingham is a hugely diverse city steeped in a deep, cultural heritage.

There is nowhere better to live in the UK right now than right here in Birmingham. So here are our top picks for the best residential developments in Birmingham:

Ludgate Lofts 

ludgate

Ludgate Lofts is an exclusive warehouse conversion development of just 31 luxury New York loft style apartments located on the corner of Ludgate Hill in close proximity to popular St Pauls Square, the Jewellery Quarter & financial district.

Each apartment has an interesting mix of features including high ceilings, exposed Brickwork, quirky bed decks & high level mezzanine storage areas. 

Some Ground floor apartments include large private patio areas & higher up on the penthouse floor duplex apartments with large terraces including views over the City.

We have recently sold one bedroom apartments in the building starting from £177,500 & £185,000.

The Cube

cube

The Cube is a world-class destination standing tall across the city’s skyline. This outstanding 25-storey structure includes an impressive mix of prime office, retail and restaurant spaces, luxury apartments, a boutique hotel, exclusive canal side restaurants, skyline champagne bar, luxury spa facilities, and the UK’s largest automated car park. 

High profile names established at The Cube include Marco Pierre White’s Steakhouse Bar & Grill, The Club & Spa, Rodizio Rico Brazilian restaurant, Bardolino pizzeria, Shogun Teppanyaki, Madeleine fine coffee house and Hotel Indigo.

Perfectly situated in the heart of the city, The Cube is next to The Mailbox and a few minutes walk from the convention centre, The Bullring, Brindley Place and Grand Central Station.

We have an 18th floor fully furnished one bedroom for rental coming to the market this month at £825pcm available from 11th July.

King Edwards Wharf

kingedwards

King Edwards Wharf is a landmark in the heart of the city’s booming Convention Quarter. Comprising of apartments and penthouses overlooking the canal network Brindley Loop with a striking mix of traditional and contemporary architectural styles.

Located just a short canal walk away from the International Convention Centre, Barclaycard Arena and Brindley Place offering a wide range of restaurants, offices and cultural amenities. The development incorporates breath taking design and characteristics with extensive balconies offering fantastic views across the canal waterways.

New Hampton Lofts 

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Converted around the Millennium, the old Lucas Building now houses some of the most spacious properties in Birmingham. These vary in layout and size, but tend to follow the ‘Manhattan’ Style loft living, with steel beams, RSJ’s and exposed brickwork these are usually very individual properties. 

They always rent and sell well, and the penthouse properties on the third and fourth floors are occasionally duplex properties and benefit from large terraces with views of the City. We have dealt with a significant volume of properties in this block in the last year, and are always on the lookout for more to help you achieve the best rental or sales price.

I-land 

iland

Styled on the ‘Flat-Iron’ building in New York, this development is in the Chinese Quarter and is extremely popular because of its central location and security as the development has a 24 hour concierge on site. It is a well maintained block and this adds to the desirability of the properties. 

The main reason this building stands out though are down to some of the views offered, as the curved building exterior allows for some stunning views as you get higher up. The views are over towards Digbeth from this side through a curved glass window, and on the other sides of the property you can see the City centre and out over Edgbaston. Unfortunately there are only 8 of these in the entire development so they’re a rare property to find.

Our office is less than 1 minutes’ walk from the I-land Building, and so we know this building extremely well, and always have clients looking for properties in this development similar to this property we have recently sold: Click here to view

Amazon and Wexler Lofts

amazon

Offering the most variety of all apartment blocks, almost all of the properties are completely unique. The building itself was converted in the early 2000’s, and all of the original plots were sold as shells with the freedom to work with the property as though it were a blank canvas. Much like New Hampton Lofts, there are original features galore and plenty of variety in the properties, ranging from 1 bedroom loft-style studios, through to large 3 bed triplex properties. 

Due to their uniqueness, they are always in high demand for sales and rentals, and we have a large number of tenants and purchasers looking for properties here. 

Amazon TO RENT Click here

Wexler FOR SALE Click here

Amazon FOR SALE Click here

For further information on any of these developments / our current sales and lettings availability please call us on: 0121 236 5757 (option 1)

 

Meet Alex Cattanach - Sales & Lettings Negotiator

Monday 5th June 2017 

alex

BIOGRAPHY

I am relatively new to the Birmingham property scene, I started with York Laurent in January 2016 at 19 years old, but working for an Independent agent with fantastic colleagues has enabled me to gain valuable experience in a short period of time.

FAVOURITE FILM

It is difficult to choose just one, but I would probably say The Big Short, although any based on real events such as Wolf of Wall Street and War Dogs would be up there. 

MY DREAM HOME

A large contemporary mansion with plenty of land, having an older external appearance but luxurious and contemporary interior design, close Alderley Edge in Cheshire or around Ascot/Virginia Water so that there is a Major City not too far away but plenty of surrounding countryside.

ONE OF THE BEST REASONS TO LIVE IN BIRMINGHAM IS

You will always see something new. Being the UK’s second city, Birmingham gets its fair share of pop-ups, independents, and on-trend shops, bars and cafés instead of everything being in London. You are spoilt for choice no matter what you are looking for in a bar or restaurant.

MY FAVOURITE RESTURANT / BAR IN BIRMINGHAM

For a good mix of classic cocktails and fresh takes then I would recommend Siamais on Brindley Place as it has a good atmosphere and stylish interior, definitely try the Bang Pai Falls cocktail when you are there. My favourite restaurant would have to be Lasan, just off St Paul’s Square. This is an Indian fine dining experience worth trying, its numerous awards and celebrity patrons will confirm that. 

I LAST WENT THE EXTRA MILE WHEN

I pride myself on going the extra mile for all clients, even if I’m sunning myself on a relaxing holiday, I’ve always got a close eye on all my Sales and Lettings with great attention to detail, so that things are always running smoothly where I have an influence.

 THE MOST HONEST ADVICE I’VE EVER GIVEN 

The true goal for a salesperson is to help the customer win.

THE BEST THING ABOUT WORKING FOR YORK LAURENT IS

The fact they have operated in the city for almost 20 years and so are well established, and the fact they offer the potential for individuals to improve and excel.

 

HS2 will see Birmingham property prices boom!

Wednesday 26th April 2017

hs2

The plans to build the new railway line between London and the West Midlands will see 400m-long (1,300ft) trains with as many as 1,100 seats per train which would operate at speeds of up to 250mph - faster than any current operating speed in Europe - and would run as often as 14 times per hour in each direction. This would be followed by a V-shaped second phase taking services from Birmingham to Manchester and Leeds. “The Department for Transport says there will be almost 15,000 seats an hour on trains between London and the cities of Birmingham, Manchester and Leeds - treble the current capacity.”

“The first phase of the £56bn railway is due to open in December 2026, with trains to travel at high speed between London and Birmingham before continuing on the existing West Coast Main Line.” Work is scheduled to begin in 2017…

“As Birmingham Interchange doesn’t exist yet – and will be located in an area where there are few houses around; on the opposite side of the M24 motorway to Birmingham Airport, Birmingham International railway station and the NEC – there is no point in looking for house price data here. Birmingham Curzon Street, on the other hand, is located right in the heart of the city centre. The old Curzon Street railway station opened in 1838 but closed down permanently in 1966. The proposed new station would be built partly on the site of the historic one, where the original Grade I listed entrance building still survives.”

“The UK’s second city, which is generally seen as one of the most affordable locations for buyers, currently has an average asking price of £169,373, up by 6% in the last year. The arrival of HS2, even though it’s a decade away, is likely to give a significant boost to house prices in the area.”

 It’s inevitable that the new line will make Birmingham a thriving property hotspot. It already seems that London workers have started to relocate in Birmingham now by grabbing themselves a property bargain and commuting to London in the meantime via the normal means of train. They know full well that when HS2 is complete they will have made money on their property in Birmingham and can commute into London much quicker on the new high speed line (infact often quicker than living in London and taking the tube!)

The HS2 sees the UK’s second biggest city plan a big regeneration, such as the £900million redevelopment around Curzon Street Station which is proposed to include the Birmingham Smithfield project creating a new market area and adjoining Digbeth, “which is already reinventing itself into a digital media, gaming and arts quarter – all within minutes of the city centre and the planned Eastside High Speed Rail terminus.” The city is just packed with potential and we are already seeing Chinese investors jumping on the bandwagon by investing football and flats.

Now is just the right time for another property and industrial revolution in Birmingham!


References / Images:

http://www.bbc.co.uk/news/uk-16473296

https://www.tepilo.com/blog/2016/8/high-speed-2-and-property-will-there-be-an-hs2-effect-on-house-prices

http://www.express.co.uk/life-style/property/713731/Midland-Engine-Birmingham-property-hotspot

 

Our Favourite Curries in Brum!

Monday 24th April 2017

So National Curry Week has just passed and we know how much us Brummies love a good curry! We just can’t resist a bit of spice - well that’s mainly because it is addictive plus we do have some of the best curry houses around! The city is buzzing with restaurants with cuisines from all corners of the globe especially Indian restaurants so here is our top 10…go on give them a try…

spiced

1. Hen & Chickens (Constitution Hill, Birmingham B19)

2. Viceroy Tandoori (Icknield Street, Jewellery Quarter, Birmingham B18)

3. Ashas (Newhall Street, Birmingham B3)

4. Ittihas (Fleet Street, Birmingham B3)

5. Lasan (James Street, St Pauls Square, Birmingham B3)

6. Raja Monkey (Stratford Road, Hall Green, Birmingham B28)

7. Mughaleazam (Stratford Road, Birmingham B11)

8. Shababs Balti (Ladypool Road, Balti Triangle, Birmingham B12)

9. Cardamoms (High Street, Harborne, Birmingham, B17)

10. Umani Indian Kitchen (Lordswood Road, Birmingham, B17)

Enjoy!

 

House prices are crawling but Birmingham gains the most in 21 years!

Thursday 20th April 2017

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Annual house price inflation is now three times less than 12 months ago thanks to last year’s Stamp Duty rush, data shows.

Your Move’s England & Wales House Price Index showed that prices returned to growth annually in March, rising 3.3% to 301,278, with monthly price inflation at 0.5%.

In comparison, house price growth in March 2016 was 9.1%, but this was most probably skewed by the Stamp Duty rush.

The March 2017 index at least stemmed a four-month tide of falls that saw price inflation slip from 5.8% in November to 5.3% in December before declining to 4.7% in January and 3.1% in February.

Meanwhile, Birmingham property prices posted the most gains out of all regions for the first time in 21 years. West Midlands property grew 4.8% in March to £212,706, compared with growth of 1.3% in London and 3.5% in the South-East.

 Oliver Blake, managing director of Your Move and Reeds Rains estate agents, said: “There is little in the short to medium term that will disrupt the market greatly, with interest rate increases seemingly on hold, mortgage supply and pricing remaining favourable and consumer confidence strong. In addition, first-time buyer numbers are up, not least as a consequence of government schemes and the Bank of Mum and Dad.

“However, with supply still tight, rising house prices remain a problem. We therefore cannot afford to overlook the ongoing housing shortage in the UK, which continues to dampen the hopes of many would-be home owners.

“The RICS indicated in its February UK Residential Market Survey that ‘tight supply conditions’ across most regions, along with flat sales in that month, resulted in ‘a further erosion of available stock for sale, with the average stock per surveyor just shy of a record low. Our data shows that March has seen a pick-up on this.” 

If you are looking to get onto the property ladder then contact York Laurent – the city’s leading agent in lettings and sales!* Call today on: 0121 236 5757 (www.york-laurent.co.uk)

Article from Property Industry Eye: http://www.propertyindustryeye.com/thanks-george-a-year-on-from-the-chancellors-stamp-duty-reforms-and-price-growth-is-three-times-slower/

*According to Rightmove statistics for April

 

NEW Elevate Property Group Development

Thursday 23rd March 2017

image1

Elevate Property Group, the developer behind Birmingham’s  most expensive apartment ever sold, the £1.8m penthouse flat in the former Debenhams warehouse in Holloway Head, better known as Concord House, is to lead the development of a new mixed apartment scheme on Tennant Street that will be built on a site of a pay and display car park located just off Broad Street.  

This will be Elevate Property Group’s 5th project in just 2 years after completing the impressive residential schemes ‘St Paul's House’ on St Pauls Square, ‘Queensway House’ off Lionel Street and Honduras Wharf in the Gun Quarter and enforces the Elevates credentials as a leading developer of new and imaginative schemes.   

Tennant Street development which has “outline planning” consent will consist of 40 stylish apartments with some retail units and parking will be in walking distance of the Mailbox, Brindley Place and the new HSBC banking building at Arena Central which is currently under construction.

Elevate property hope to begin the project later in the year, the continued confidence in the city housing market that is being generated from first time buyers, investors  and a buoyant resale market is all helping to buoy the confidence of developers in the city and the recent news of royal assent being granted last month for the HS2 London to Birmingham fast rail link enforces the city’s credentials as a place to invest. 

York Laurent are pleased to be acting on behalf of  Elevate Property Group and have a number of outstanding properties on their books for both sale and letting.

To arrange viewings or to obtain details please contact Luke Jones : 0121 236 5757 (option 1) or visit our website: http://www.york-laurent.co.uk

 

Birmingham property market is at its strongest

Thursday 15th March 2017

 birmingham

The Birmingham city centre property market is at its strongest for many years, confidence in the housing market is being driven by the city's overall appeal and its increasing confidence as a major European city with five Michelin-starred restaurants, striking new architecture with the Grand Central station , Selfridges , Bull Ring and Library and now as a popular tourist destination and a place that is known for featuring in the stylish TV crime drama Peaky Blinders and as a popular filming location for many new movies including  Steven Spielberg's latest Sci Fi   " Ready Steady one".

The success story continues with the city's  record economic growth of 5.2 per cent in 2015, and businesses such as HSBC and Deutsche Bank opening offices outside London have all contributed to house prices and confidence rising, not least because royal assent was granted last month for the HS2 London to Birmingham rail link, which is expected to be completed in 2026.

The overall improvements to the city infrastructure, increasing supply of new development and regular press coverage on the city's invest ability have all contributed to the current climate..

Despite the options for an off plan new build residential opportunity,  the resale housing market is very much in demand but still in very short supply against the volume of buyers looking to purchase , investors, owner occupiers and first time buyers are all clamouring to buy in the city and take advantage of the current low mortgage rates. It is common for a new residential listing to attract five plus viewings in the first few days of marketing, leading to potential multiple offers and in some cases offers in excess of the asking price.

York Laurent is leading the way for buyers and sellers  for the latest information. Contact York Laurent for free advice on current valuations, investment & mortgage referral. Call today on: 0121-236-5757 (option 1)

 
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