Apartments being built in a rejuvenated part of Smethwick are proving popular with a wide cross-section of buyers, especially investors.
The leading developer has seen a surge in demand for apartments over the past few months and Butlers Court is no exception, offering a selection of individually designed two-bedroom apartments, which feature large open plan living spaces that encompass the kitchen, lounge and dining room.
Alison Reading, sales and marketing director for Persimmon Homes South Midlands, said: “We believe this development is selling well because it does appeal to a wide variety of buyers.
“We are seeing first-time buyers, young professional couples and older couples looking to downsize as well as people wanting to purchase an affordable out-of-town pad. It is also appealing to the investment market and the properties are renting out very quickly.
“I think investors can see that these homes are produced to a high quality and will give a high yield return. We are very pleased that we have produced a design of apartment that seems to be ticking the right boxes for many, many people.
“All of the apartments have been thoughtfully designed, with many featuring their own balconies, and offer the peace of mind of a newly-built home at a price which simply cannot be beaten.”
The development, which is just ten minutes away from Central Birmingham, offers investors a stream of possible tenants with a prime rental location close to all three Birmingham Universities, just three miles away from Birmingham Children’s hospital and Birmingham City Hospital.
Alison added: “The Government-backed Help to Buy scheme has also proved popular with our buyers. It is a fantastic scheme that is really helping people get on or move up the property ladder.
“Help to Buy is a Government backed shared equity scheme. It provides a 20% loan on the term of a mortgage, which is interest and repayment free for the first five years. People only need a 5% deposit and it is available across the vast majority of our developments. It’s for first time and next time buyers and there is no salary cap.”
Prices at Butlers Court start from as little as £92,995 and £71,996 with the Help to Buy scheme.*
For more information visit www.persimmonhomes.com