BIRMINGHAM NEW HOMES PROPERTY LIST

Transcription

1 BIRMINGHAM NEW HOMES PROPERTY LIST 2018

2 WELCOME As one of the UK s largest and most experienced new homes property consultancies, we are well placed to bring you your perfect new home or investment property. We work with the industry s best house builders and developers so you can be assured of high specifications, outstanding workmanship and great after sales care. As the largest privately owned global property consultancy, Knight Frank is driven by a uniquely personal culture. This culture enables a tailored approach to assisting our clients, drives us to continually strengthen relationships across our network and affords us the agility to stay ahead. We hope this property list will provide you with an exciting flavour of our current new homes opportunities. Peter Smith peter.smith@knightfrank.com

3 THE BANK, SHEEPCOTE STREET Prices from 150,000 MOSELEY CENTRAL, ALCESTER ROAD Prices from 129,950 Show Apartment available to view A selection of contemporary studios, 1, 2 and 3 bedroom apartments located in the Convention Quarter of Birmingham city centre. The completed development will enjoy views over Brindleyplace, and the Canal Basin. Open plan layouts Contemporary designed kitchens Lift Access to all floors Secure entry via Video Entry System Close to the new HSBC offices, new Paradise Birmingham and within a short walking distance to Colmore Business District, Mailbox & Grand Central Contemporary studios, 1, 2 and 3 bedroom apartments set in the desirable bohemian location of Moseley Village. With many great places to eat and drink and independent retailers, it s a real sense of community and a hive of creativity. Help to Buy available. Ready to move in Summer Parking available on selected plots Lift access to all floors Keslar kitchens, Porcelanosa bathrooms, Neff appliances, Moduleo flooring Close to many independent bars & restaurants and boutique shops. Only 3 miles from Birmingham City centre Moseley private park membership available Milly Shaw milly.shaw@knightfrank.com Kate Horton kate.horton@knightfrank.com Birmingham New Homes 4 Birmingham New Homes 5

4 GALBRAITH HOUSE, GREAT CHARLES ST Prices from 600,000 HONDURAS WHARF, SUMMER LANE Prices from 460,000 Last one remaining Last one remaining An exclusive collection of 20 stylish one and two bedroom apartments located in prime central Birmingham with a unique duplex penthouse apartment with a private roof terrace. Help to Buy available. Lift access to all floors Engineered oak flooring to Hall & Living areas Porcelanosa fully fitted kitchen with Krion solid worktops and a range of Siemens built in appliances Secure entry via Video Entry System A fantastic opportunity to purchase a brand new apartment at the extremely popular Honduras Wharf development. Located within a 5 minute walk of Snow Hill station, Colmore Row and St Pauls Square this development is selling fast. Balcony/Outside space with penthouse apartments Gated parking available with penthouse apartments Lift to all floors High specification kitchen and bathrooms Duplex Penthouse is circa 1900 sq ft of spacious open plan accomodation with a summer house & roof terrace Within walking distance to Colmore Business District, Jewellery Quarter, Mailbox, Grand Central & Snowhill stations Christiana Plati christiana.plati@knightfrank.com minutes from Snow Hill station 15 minute walk to HS2 Hub Ready for immediate occupation Sharon Murray sharon.murray@knightfrank.com Birmingham New Homes 6 Birmingham New Homes 7

5 ST PAUL S SQUARE Prices from 495,000 ST PAUL S CHAMBERS, ST PAUL S SQUARE Prices from 1,750,000 Last few remaining Last one remaining St Paul s Square is a luxury development of 6 studio four bedroom apartments and 1 three bedroom townhouse. High quality specification Allocated parking for selected plots Located on St Paul s Square Close to independant bars & restaurants in St Paul s Square and the trendy Jewellery Quarter Within short walking distance to Central Business District St Pauls Chambers offers eight contemporary new build apartments comprising 2 two bedroom apartments, 5 three bedroom apartments and a 3,518 sq ft penthouse each finished to a high specification. Located within a 10 minute walk from the Central Business district Within an easy walk of railway stations (both local and mainline services) Sought-after Jewellery Quarter location Short distance from the leafy oasis of St Paul s Square Quality flooring materials and high specification throughout the apartments All apartments have balconies/terrace Milly Shaw milly.shaw@knightfrank.com Ready for immediate occupation Kate Horton kate.horton@knightfrank.com Birmingham New Homes 8 Birmingham New Homes 9

6 THE MANSION HOUSE, EDGBASTON Prices from 490,000 REGAL COURT, OFF BROAD STREET Price on Application Coming soon A stunning conversion of an imposing detached house and adjoining lodge. The Mansion House is an impressive, low-density development set in landscaped grounds. It is located on the corner of Richmond Hill Road and Farquhar Road at the heart of Edgbaston s premier residential district. Individually designed luxury apartments Generous sized reception rooms & kitchens High ceilings throughout with carpeted hallways & bedrooms High quality finishes with solid oak entrance doors, high quailty engineered oak flooring in each reception room Regal Court offers a mix of one and two bedroom modern apartments within a convenient City Centre location. Secure car parking sold at an additional cost on selected properties Lift access to all floors Convenient location to Brindleyplace aswell as the well-known Mailbox and Arena Central Within a 15 minute walk from both New Street and Five Ways train stations Beautifully landscaped grounds Well maintained communal areas Located in Edgbastons upmarket conservation area, close to local amenities Christiana Plati christiana.plati@knightfrank.com Located just off Broad Street Sharon Murray sharon.murray@knightfrank.com Birmingham New Homes 10 Birmingham New Homes 11

7 THE JEWEL COURT, JEWELLERY QUARTER Prices from 175,000 THE LIGHTWELL, CORNWALL STREET Prices from 336,000 Last few remaining A new build development of 77 one and two bedroom apartments in the heart of one of Birmingham s most sought-after districts. Quality Specification Parking Spaces Available to buy Lift Access to All Floors Integrated high quality kitchen appliances Security Entry System Bathroom suites with ceramic wall & floor tiles Ready for immediate occupation Luxury studios, one and two bedroom apartments and two bedroom penthouses in the heart of Birmingham s central business district. Designed by award winning architects High specification as standard Located in the heart of Birmingham s business district Close to many shops, bars & restaurants within the Colmore Business District Walking distance to New Street, Snowhill station and the tram network Ready for occupation end of 2018 Milly Shaw milly.shaw@knightfrank.com Kate Horton katep.horton@knightfrank.com Birmingham New Homes 12 Birmingham New Homes 13

8 BURNE JONES HOUSE, BENNETTS HILL Prices from 150,000 THE FITZGERALD, WEST BAR Prices from 108,500 5 sold in one week! Show Apartment available to view Elegantly designed apartments for sale in Birmingham city centre. Originally built in the 1930 s, Burne Jones House has today been re-invented to provide thirty luxury apartments in Birmingham city centre. Stylish 1 & 2 bed apartments Re invented 1930 s Art Deco landmark building 6% projected rental yields Great Investment Opportunity Close to New Street station, Grand Central & The Bullring Brand new, highly specified, city centre apartments. Luxury living in a league of its own, The Fitzgerald offers a unique opportunity to step onto the property ladder. Show apartment available to view. Central location next Sheffield s prestigious 175 million West Bar redevelopment Modern specification Contemporary interiors Projected investment yields up to 6. Help to Buy available Ready for occupation early 2018 Ready for immediate occupation Christiana Plati christiana.plati@knightfrank.com Louise Platts louise.platts@knightfrank.com Birmingham New Homes 14 Birmingham New Homes 15

9 THE AXIUM, WINDMILL STREET Prices from 174,950 DEVELOPMENT COMING SOON TENNANT ST LOFTS An exclusive development of 40 luxury loft style apartments located in prime central Birmingham set in the heart of Birmingham, due to be completed in Summer A luxury development of 304 apartments in the heart of the city, with secured parking available at an additional cost. Fantastic investment development opportunities Contemporary interiors & open plan living Communal courtyard Close to New Street station, Grand Central & The Bullring Sharon Murray sharon.murray@knightfrank.com Birmingham New Homes 16 Birmingham New Homes 17

10 CITY CENTRE DEVELOPMENTS 1 5 ry A Birmingham te Wa Jewellery Quarter OUR RESEARCH Midd Ln 7 et r av 13 em idd Small Heath RESIDENTIAL RESEARCH Knight Frank The Birmingham Report lew ay UK RESIDENTIAL MARKET UPDATE THE 54 0 lg Chinese Quarter Gay Village A4 A4 Be 11 l S t re A B ri s t o o Br A4540 leway ad St 8 Knight Frank Global Research produces market-leading residential, commercial and agricultural property reports and indices, as well as undertaking bespoke consultancy projects. Our global network of offices, operating in over 50 countries, means we can carry out research virtually anywhere in world. 5 THE BIRMINGHAM REPORT REPORT Edgbaston ALL CHANGE? Chancellor Philip Hammond is preparing to deliver his Autumn Budget later this month, with housing expected to feature heavily. Meanwhile, the Bank of England raised interest rates for the first time in a decade. Key facts Nov 2017 Average UK house prices are up by 2. over the year to October, according to Nationwide Interest rates were raised to 0. in November, the first rate rise in a decade Prime central London prices for existing homes edged up by 0.1% in October, taking the annual rate of decline to -3.6% Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2% A4 41 A4 A3 8 Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3% Economic and housing market overview In what was a widely expected move, the Bank of England raised interest rates in November. The official bank rate has been lifted from 0.2 to 0., the first increase since July This will be the first time some borrowers will have ever experienced an increase in their mortgage payments. However, what happens next is likely to set the tone. Last month s move was simply a reversal of the cut in August of last year 6% following the vote to leave the European Union and means that the base rate is still at a historically low level. Another rate rise 4% in the coming months would likely have a firmer impact on sentiment. It is also 3% worth noting that while economists are forecasting more rate rises, they expect 2% that the base rate will be at 1% by % still near record low rates UK2008 base rate v mortgage rates 35 A % 7% United Kingdom, Policy Rates, Bank Rate 2 Year (7 LTV) Fixed Rate Mortgage 5 Year (7 LTV) Fixed Rate Mortgage 6% 4% 3% GRÁINNE GILMORE Head of UK Residential Research 12 All eyes now turn to the Chancellor as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following June s General Election. Sparkhill Follow Gráinne For the latest news, views and analysis on the world of prime property, visit our blog or 2% 1% Source: Bank of England Households with a variable rate mortgage will be most affected by the 0.2 rate rise. While it is likely that mortgage rates on new home loans will rise slightly, the move is unlikely to have an impact on overall pricing. Across the UK, average house prices rose by 2. over the year to October, according to the latest data from Nationwide. This was a slight pick-up from September, but notably below the near growth reported a year ago. The market remains highly localised, with affordability a key concern in many markets. UK house price change Annual, % Source: Nationwide All eyes will now turn to the Chancellor, Philip Hammond, as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following this year s snap General Election in June. Housing has leapt up the political agenda in recent months and is likely to feature heavily. The property industry s wish-list for the Chancellor is extensive covering both planning and policy. The Budget may be the opportunity for the Government to announce additional changes or support to further boost supply. Official housebuilding figures released this month by DCLG showed annual housing supply in England amounted to 217,350 net additional dwellings in , up 1 on Stamp duty, which is payable on all residential purchases, remains another sticking point. It is seen as a barrier to moves up and down the housing ladder, as well as for those saving for a deposit. There is speculation that first-time buyers may see some change in stamp duty rules, which emerged as new data shows that the levy raised 9.4bn in the year to September, taking receipts to a record high Net Supply of Housing, England 250, Net supply of houses New-build completions EPCs 200, , ,000 50,000 0 Source: Knight Frank Research/DCLG 1.25 GRÁINNE GILMORE Head of UK Residential Research Amid increasing speculation that a rate rise in the UK might be on the cards in the coming months, the Bank of England Governor has emphasised that any changes would be gradual and limited. Follow Gráinne For the latest news, views and analysis on the world of prime property, visit our blog or 1.20 Chancellor Philip Hammond is preparing to deliver his Autumn Budget later this month, with housing expected to feature heavily. Meanwhile, the Bank of England raised interest rates for the first time in a decade. Key facts Nov 2017 Average UK house prices are up by 2. over the year to October, according to Nationwide Interest rates were raised to 0. in November, the first rate rise in a decade Prime central London prices for existing homes edged up by 0.1% in October, taking the annual rate of decline to -3.6% Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2% Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3% Economic and housing market overview In what was a widely expected move, the Bank of England raised interest rates in November. The official bank rate has been lifted from 0.2 to 0., the first increase since July This will be the first time some borrowers will have ever experienced an increase in their mortgage payments. However, what happens next is likely to set the tone. Last month s move was simply a reversal of the cut in August of last year 6% following the vote to leave the European Union and means that the base rate is still at a historically low level. Another rate rise 4% in the coming months would likely have a firmer impact on sentiment. It is also 3% worth noting that while economists are forecasting more rate rises, they expect 2% that the base rate will be at 1% by % still near record low rates UK2008 base rate v mortgage rates % 7% United Kingdom, Policy Rates, Bank Rate 2 Year (7 LTV) Fixed Rate Mortgage 5 Year (7 LTV) Fixed Rate Mortgage 6% 4% 3% 1.15 GRÁINNE GILMORE UK average house prices Source: Knight Frank Research/ BOE The money markets now assess that the likelihood of a rate rise in November is at around 6. However, the Bank has indicated several times over the last few years that rate-setters were minded to raise rates, and no increase has yet materialised. In a recent speech, Mark Carney, the Bank of England Governor, indicated that even if rates did start to rise, it would be a gradual process. He said: Any prospective increases in Bank Rate would be expected to be at a gradual pace and to a limited extent, and to be consistent with monetary Head of UK Residential Research Annual % change 1 All eyes now turn to the Chancellor as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following June s General Election Follow Gráinne Source: Nationwide 01/01/ /01/ /01/ /01/15 For the latest news, views and analysis on the world of prime property, visit our blog or 1.50 Meanwhile, house price growth continues to moderate. Average values across the UK dipped by 0.1% in August, according to Nationwide, taking annual growth to 2.1%. A breakdown of regional house price growth calculated by the Office for National Statistics, shows that the East of England and the Midlands are leading the growth, with London showing the most modest level of annual growth. However, this comes after several years of very strong growth in the capital, and the market remains highly localised, with prices rising strongly in some boroughs. 01/01/13 Follow Gráinne Overall price growth across the country has been underpinned by low mortgage rates for those who have access to equity or a deposit, but all eyes are now turning to the Bank of England as its Monetary Policy Committee gears up to decide whether to raise interest rates early next month. Swap and LIBOR rates, the money market rates that determine fixed-rate pricing, have already started to rise. However, even if there is a quarter-point rise, the base rate will still be ultra-low by historical standards,, and mortgage rates are likely to remain attractive compared to longterm norms. Pound strengthens against the dollar 01/01/11 Head of UK Residential Research UK interest rates held at 0.2 for 13th consecutive month 01/01/12 GRÁINNE GILMORE Data indicates that net supply of housing in England rose to more than 200,000 in 2016/17, a key milestone, but some way off the 250,000 Government target. Average residential prices in London have shown a year-on-year fall for the first time in eight years, but even across this market, there are strong local differences in pricing. Data from the Land Registry, which is calculated on a different basis to the Nationwide, shows double-digit price growth in Camden and Hackney in the year to August /17-0.6% 3.9% 2014/15 3.9% 2.6% 4.8% Average UK rents rose by 1.6% in the year to August, down from 1.8% in July A lack of supply of housing has also been a key factor in pricing in some parts of the market. Indeed, the delivery of housing is now at the top of the domestic political agenda. Data suggests that net additions of new homes in England rose to above 200,000 in 2016/17, a key milestone, but some way off the 250,000 Government target. The Communities Minister announced earlier this month that there would be an extra 10 billion in funding for Help to Buy, while Theresa May pledged an additional 2 billion for Affordable Housing. The November Budget may be the 2015/16 5.1% 01/01/ Source: Knight Frank Research/BOE 0.4% 4.6% The discussion around increasing interest rates comes as mortgage rates have hit near record-lows. While accessing a mortgage still requires a substantial deposit, those who have access to this finance can take advantage of rates as low as 1.6% fixed for five years. 01/01/ % While the UK central bank s direct mandate is to use monetary policy to manage inflation, policymakers will also have one eye on Brexit, as they need to manage the potential economic effects of the UK s withdrawal from Europe. 01/01/ Source: Nationwide 7. Burne Jones House Prime central London prices for exisiting homes dipped 0.2% in August, taking the annual change to -5.4% 1.00 The Bank of England has voted to keep interest rates unchanged for the 13th consecutive month, but the account of the meeting held by rate-setters attracted attention, particularly on the foreign exchange markets. The minutes of the rate-setters meeting, published after every rate decision, indicated that the Bank may be preparing to raise rates and this caused the pound to climb to $1.35 against the US dollar, up from around $1.25 at the beginning of the year, although this is down from $1.70 in policy continuing to provide substantial support to the economy. 01/01/08 Prime English country home prices dipped by -0.1% in Q3, taking the annual rate of growth to 0.2% 13. The Mansion House Prime Scottish house prices edged up by 0.2% in Q3, with an annual change in values of -0.3% 6. Galbraith house Average annual house price growth slowed to 2.1% in August, down from 2.9% in July 1.50 Economic and housing market overview 01/01/ Number 12. Moseley Central Key facts Sept 2017 LIBOR 12-month Bank of England base rate 01/01/ /02/ /03/ /04/ /05/ /06/ /07/ /08/ /09/ /10/ /11/ /12/ /01/ /02/ /03/ /04/ /05/ /06/ /07/ /08/ /09/2017 Annual house price growth, Q % 5. The Lightwell The Bank of England has given more forward guidance, indicating that it may move to raise interest rates from their record low in the coming months, although there is no guarantee that this will happen. Meanwhile, house price growth across the country continues to moderate, while the prime London market shows signs of regaining momentum. UK Bank base rate & 12-month LIBOR rate Average house prices rose at an annual pace of 2% in Q3, according to the latest data from Nationwide. However, there is still a significant difference in the rate of growth across the country, as the map below shows. 2013/14 Prime central London prices for existing homes were unchanged in September, taking the annual rate of decline to -4.6%, from -6.7% in January Economic and housing market overview 2011/12 Average UK house prices are up 2% on the year in Q3, according to Nationwide 2012/ The Axium Key facts Oct 2017 ALL CHANGE? RENEWED INTEREST IN INTEREST RATES The Government has now put housing firmly at the top of the domestic policy agenda. Theresa May, the Prime Minister, hosted a housing summit at Number 10, and now attention is turning to the Budget on November 22nd. Meanwhile, house prices are up 2% across the UK, and the price declines for existing homes seen in prime central London over the last year are starting to abate. 2010/11 4. St Paul s square 10. Regal Court HOUSING POLICY PUSH 2009/10 3. St Paul s chambers UK RESIDENTIAL MARKET UPDATE UK RESIDENTIAL MARKET UPDATE Percent 9. Tennant St Lofts RESIDENTIAL RESEARCH RESIDENTIAL RESEARCH UK RESIDENTIAL MARKET UPDATE 2007/08 2. The Jewel Court RESIDENTIAL RESEARCH 2008/09 8. The Bank 2006/07 1. Honduras Wharf For the latest news, views and analysis on the world of prime property, visit our blog or 2% 1% Source: Bank of England Households with a variable rate mortgage will be most affected by the 0.2 rate rise. While it is likely that mortgage rates on new home loans will rise slightly, the move is unlikely to have an impact on overall pricing. Across the UK, average house prices rose by 2. over the year to October, according to the latest data from Nationwide. This was a slight pick-up from September, but notably below the near growth reported a year ago. The market remains highly localised, with affordability a key concern in many markets. UK house price change Annual, % Source: Nationwide All eyes will now turn to the Chancellor, Philip Hammond, as he prepares to deliver the Autumn Budget on November 22nd, the first major set piece following this year s snap General Election in June. Housing has leapt up the political agenda in recent months and is likely to feature heavily. The property industry s wish-list for the Chancellor is extensive covering both planning and policy. The Budget may be the opportunity for the Government to announce additional changes or support to further boost supply. Official housebuilding figures released this month by DCLG showed annual housing supply in England amounted to 217,350 net additional dwellings in , up 1 on Stamp duty, which is payable on all residential purchases, remains another sticking point. It is seen as a barrier to moves up and down the housing ladder, as well as for those saving for a deposit. There is speculation that first-time buyers may see some change in stamp duty rules, which emerged as new data shows that the levy raised 9.4bn in the year to September, taking receipts to a record high.

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