Our next development launch of 2021 is located in Dudley, 10 miles outside of Birmingham. With great returns and prices starting at £81,000 Oak Court is ideal for cash buyers who are looking to start building or add to their existing portfolio.
The Area – Dudley, Birmingham
Located 10 miles from the UK’s second city, Birmingham, Brierley Hill is the strategic centre of Dudley borough which is attracting massive inward investment, including important improvements to its transport infrastructure.
A £450 million extension to the Metro network will speed connections with Dudley town centre, which is itself being transformed through a regeneration programme valued at nearly £1 billion. As part of the wider West Midlands Transport Network, the new line will also give residents a direct link to central Birmingham, cutting the journey time by half.
- A vital component of the West Midlands economy
- £1bn of regeneration works across Dudley borough
- £450m investment in new tram links
- Fast connections to Birmingham city centre
- Rising rental demand
- Strong capital growth
The Development – Oak Court
Set in the heart of the UK, in a region that’s home to over 10 million people, Oak Court is a fantastic new development comprising 78 single-bedroom apartments. Due for completion in April, 2021, the property is located in an area that’s seeing rapid economic growth and rising demand for good quality accommodation.
Key Investment Highlights
- 78 Residential Apartments located across 8 Floors
- Apartments from £81,000
- Completing in April 20201
- Finished to High Standard with Open-Plan Kitchen and Living Room
- 250 year leasehold
- 1 & 2 Bedroom Apartments
- Up to 7.14% NET yields
|
POSTCODE |
DY5 1LG |
|
UNITS |
78 |
|
TYPE |
New Build |
|
UNIT TYPE |
1 & 2 beds |
|
PRICE ENTRY / MAX |
£81,000 / £125,000 |
|
COMPLETION |
April 2021 |
|
RENTAL YIELD P.A. |
7% NET |
|
CAPITAL GROWTH P.A. |
5 – 6% |
|
PAYMENT PLAN |
£6,000 reservation fee |
|
20% as deposit (minus reservation fee) 80% on completion |
|
|
GROUND RENT P.A. |
£100 |
|
SERVICE CHARGE P.A. |
£900 |
If you are interested in this development or would like to talk to one of our investment advisers please contact us on admin@hoxton-property.com
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