Why Should You Invest in a 2-Bed Apartment in Birmingham?
While each property type comes with its benefits and drawbacks, trends in tenant demand often maximise the potential of your Buy-to-Let property. After the temporary city exodus we saw throughout 2020, city living is making a strong return.
With Birmingham set to experience a huge boost in property values of 19.9% from 2024-8, and a similarly significant boost to rental prices of 22.2% according to JLL, there truly is no better time to be looking to the second city for investment opportunities.
At the same time, 2-bed apartments are typically more flexible, giving investors plenty of scope for attracting different tenant demographics.
Featured Development
Lockside Wharf
Birmingham
Stunning Off-Plan Investment Opportunity
- Off-plan apartments – estimated completion 2023
- City-centre location just 3 minutes from Brindleyplace
- Unique waterfront living in Birmingham
- 24.5% price growth expected by 2026 (JLL)
- Top location for London leavers – forecasting yields above 5%
Prices From
£299,950
Tenant Demand for Birmingham Investment
Since 2016, Birmingham has been on an upward trajectory that has barely ebbed, even in the face of market challenges. Fuelled by HS2 and the 2022 Commonwealth Games, the city is attracting incredible global businesses and a wave of young professionals looking to rent within the city.
With investment banking giant, Goldman Sachs, set to join the likes of HSBC, Deloitte and EY, the subsequent demand for property is seeing many investment opportunities in Birmingham showcase their incredible potential.
Similarly, as HS2 continues to progress, demand for city centre apartments will continue to climb. By cutting an already low travel time, Birmingham will quickly become a popular destination for transient tenants working in the capital but seeking the affordability of Birmingham.
Rental Yields
With some buy-to-let hotspots in Birmingham surpassing 6% rental yields, especially in inner-city regions such as Digbeth and the Jewellery Quarter, 2-bed apartments in the second city offer a potentially lucrative investment asset. With 2-bed properties appealing to couples with more significant double-incomes, the ability to charge a premium rental rate and access these higher yields makes these units particularly appealing. What’s more, the continuation of the city’s regeneration will make Birmingham property investments even more competitive in the years to come, with up to 22.2% rental growth by 2028.
