kingstonproperties

I N T E R N A T I O N A L

Longmore House

Birmingham

6% NET yield assured for 1 year

 

Birmingham's famous Moseley village is one of the best place's in the UK for city living. Moseley is famous for its village community and huge array of amenities whilst having quick and easy access to the City Centre, Edgbaston, Solihull and The University of Birmingham.

 

This trendy district, famous for its pubs, independent shops and cultural scene, came out tops above London suburbs such as Muswell Hill, Mayfair and Blackheath in a list compiled by The Sunday Times. The 600-year-old suburb topped the list of Britain's top 50 urban districts and comes just days after a report ranked Birmingham alongside Rome in a global index rating the quality of life for city dwellers. Longmore House is a 20 unit 3 story traditional brick built scheme boasting a collection of 1 & 2 bedroom apartments (all with dedicated parking spaces) that is situated in a quiet road amidst the vibrant and fashionable area of Moseley with its shops, bars and transport links.

 

Longmore House- Key Points

Parking space written into lease thus mortgageable with total purchase

A collection of 20 apartments situated close to Birmingham City Centre and University of Birmingham

1 & 2 Bedroom apartments finished to a high standard

Village location with superb transport connections to M6 motorway and Birmingham & International Station & Airport

Part of the Midlands Engine regeneration and investments masterplan

5 minutes from high speed railway station (HS2) at Curzon Street

Within easy reach of many of Birmingham's best schools and universities

Premium specification offering the best in modern living

Video entry & Parking spaces for all apartments

Quiet road close to transport links and entertainment

Large private terraces available on top floors

10 year new build warranty

 

Pricing & Payment Plan

1 beds from £163,250 2 beds from £212,000

£2500 Reservation fee

20% On Exchange

80% upon completion Q3 2020

Parking spaces only £10k and mortgageable

 

Mortgage attributes

Located in residential area away from commercial and retail parks

No commercial or retail within building

Building height 3 floors (Ground, 1st, 2nd)

Traditional Brick build with no cladding

Ground rent at 0.1% (Apartment £170k = £170 p.a)

10 year review in line with RPI

200 year lease

£1.80 psf service charge

 

Longmore House, Investment Highlights

Moseley is an up and coming town, a beautiful suburb outside of Birmingham. People visiting the town will almost certainly take note of the stunning architecture, remnants of a past when Moseley was where business owners use to live, not too far from their city factories. Today there is a more modern appeal to the town, making it the perfect place for families, business workers and naturally investors.

 

Midlands Engine Improved transport links – government initiative to connect the Midlands by delivering a radical transformation and regeneration

HS2 now confirmed for Birmingham Curzon Street and Interchange terminals. Link: News article

Major Corporations – Lloyds Bank, RBS, PWC, HSBC, BT, HMRC, Rolls Royce and Jaguar are just some of the organisation based in Birmingham

More employment opportunities - the Big City Plan and The Hub (Airport, Arden Cross & HS2) creating 50,000 new jobs

Growth – rentals yield to benefit 21% over 5 years (Savills)

Increased population – UK's 2nd largest City with 1.1 million people. 80,000 new homes required in Birmingham over the next decade to meet demand

 

 

 

 

 

 

 

 

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Longmore House