Flat for sale in Brierley Hill DY5, 1 Bedroom

The development is a boutique gated development comprising of 64 luxurious apartments with on-site parking. The development is situated in Brierly Hill which is set within the bustling & historical Borough of Dudley, 9 miles from Birmingham city centre in the heart of the prosperous West Midlands. This development presents a unique opportunity for our investors to capitalise on a low entry point development with rental yields of 7%. Located in the middle of a £1 billion regeneration zone designed to capture the emerging young professional and family market in the uk’s 2nd largest city.
The Birmingham commuter belt serves two key rental markets. The Borough of Dudley, where the development is located, is home to some 319,400 residents – equivalent in population terms to the town of Reading. That figure is expected to rise to 336,900 by 2041, according to population projections from the Office of National Statistics (ons). Across the borough and in the surrounding Black Country, regeneration and investment works totalling £1 billion are taking place, making this a key area of interest in coming years

Being ideally positioned to serve renters working in central Birmingham, we expect this area to become a growth location. That city’s meteoric growth over the past decade looks set to continue. Ons figures project population growth of 13.6%, from 1,156,200 people in 2019 to 1,313,300 in 2041 an increase of 176,177 people. Jll, meanwhile predicts cumulative house price growth of 15.9% over the five years to 2023, along with rental growth of 16.5%. With families increasingly priced out of the city centre, as well as more traditional outer city suburban markets, it will fall to destinations such as Brierly Hill to house the city’s workers.