People looking for an investment opportunity in the Midlands could benefit from the high rental yields on offer at Crest Nicholson’s Park Central residential development, located in Birmingham city centre.
The luxury two bedroom apartments at Park Central are a popular choice amongst young professionals in Birmingham, with monthly rental fees standing at approximately £775 for an apartment priced at £143,500.
Crest Nicholson reports that the apartments at Park Central boast a gross rental yield of around 6.5 per cent, meaning landlords can expect an annual return of approximately £9,300.
Ruth Williams, sales manager at Park Central said: “With rental costs expected to rise by nearly five per cent in the next year alone, investing in property has never made more sense. Many more people are becoming first time landlords and it is hardly surprising when you look at the national statistics.
“The homes at Park Central are always a popular choice when people are searching for an apartment to rent in Birmingham city centre. The contemporary design and high quality fixtures appeal to young professionals, as does the central location close to all the bars, restaurants and retail outlets that the city has to offer.”
Park Central is located off Lee Bank Middleway, just a ten minute walk from popular leisure destinations such as The Mailbox and Brindleyplace. The Chinese Quarter, theatres and the Bullring are also situated close by.
Designed to the highest quality, the apartments at Park Central boast designer Symphony Kitchens, double bedrooms and two bathrooms, along with oversized covered balconies overlooking the eight acres of landscaped parkland which is central to the development. Each apartment also benefits from allocated parking.
Apartments are currently available for sale in the Lower Parkside phase of the development, with prices starting from £143,500 for a two bedroom property. For more information on Park Central and to arrange a viewing please call the sales team on 0121 666 4666. Alternatively visit the marketing suite, which is open daily from 10am to 5pm and is located at Park Central, Spring Street, Birmingham B15 2GD.