HS2 to make Solihull even more desirable
Those of us who know Solihull well know what a great location it is – excellent schools, a wide range of shops and restaurants, beautiful properties, lots of green open spaces… and it’s set to become even more popular with the planned HS2 Interchange Station.
This new station, which will be situated close to the NEC, will see journey times from Solihull to London almost halved, with commuters able to reach London Euston in just 38 minutes.
And it’s not just London that will become more accessible – Manchester will be a mere 37 minutes away, with Leeds only 46 minutes away and Edinburgh just 186 minutes away.
The impact on property prices in Solihull
HS2 Interchange Station, and the benefits it offers, is sure to drive property prices up in Solihull and the surrounding area, as commuters will be able to live further away from major city centres, selecting locations they want to live in rather than locations they have to live in to be close to work.
Prince’s Gate is a great example of property that’s set to increase in value. Based on Homer Road, in the centre of Solihull, these brand-new studio, 1-bed and 2-bed apartments have proven incredibly popular. 80% of the development has already sold to investors, downsizers and first-time buyers, who collectively appreciate the value of living in Solihull while maximising their future capital investment.
Come and visit the show apartments to see for yourself what makes this development such a good investment and to find out about the incredible incentives still available on the remaining apartments including:
- Furniture allowance
- 5% deposit contribution
- Legal fees paid
Just contact smarthomes’ new homes team on 0121 744 4144 to arrange your viewing.
The forecast for Birmingham’s property prices
According to a report by property investment company SevenCapital from January 2020, “Birmingham property prices and rental prices are both forecasting rises of 15% over the next five years – some of the highest in the country and a continuation of incredible growth over the last three years.”
Property consultancy Knight Frank have prepared a report on the residential property market in Birmingham which provides some great news for those who are thinking of investing in property in the area.
- In 2019 it ranked as one of the best cities in the UK for property price growth
- More people are choosing Birmingham over Manchester, Leeds and Bristol
- For the fifth year in a row, Birmingham has been named the top regional city for start-ups outside of London
Birmingham’s affordability is a large part of the attraction, especially when compared to London prices. However, the area - including Solihull - is set to become even more popular as HS2 gets closer to completion in 2026. Currently, expected rental yields are between 5.9% and 10.8% but these are likely to increase substantially as Birmingham moves to becoming a commuter town.
To arrange a viewing at Prince’s Gate please call smarthomes on 0121 744 4144.
To find out more about Prince’s Gate please click here:
More information on HS2 in Solihull:
Further information on Knight Frank’s Birmingham report: