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26th Jun 2019|News|

Digbeth – Creativity meets Capital Growth…

Digbeth, once the industrial heart of the UK’s 2nd city, is undergoing an uncompromising renaissance…

It’s been touted as “the Shoreditch of Birmingham” and applauded as “The coolest place to live in the UK” by the Sunday Times. Establishing itself as the city’s creative quarter, Digbeth is heavily in demand from a variety of aspects and is filled with exceptional amenities and progressive digital businesses.

The area boasts character as evidenced by the architecture and buildings within this conservation area. The regeneration of these buildings is creating some fabulous living spaces designed to meet the massive demand for property in the region.

Transport

As the site of the HS2 interchange Curzon Street Station and a key stop in the Midlands Metro expansion, Digbeth will become a central hub of connectivity. HS2 will put London within reach in just 49 minutes while the Midlands Metro expansion will offer direct links to key destinations in the West Midlands.

With the arrival of HS2 in 2026 connectivity with the capital will make Birmingham an even more attractive choice for the swathes of London commuters seeking the richness and vibrancy that Birmingham has in abundance. HS2 represents an unprecedented level of investment in Birmingham and demonstrates the confidence the government has in the second city as a transport hub.

Redevelopment

The other major development for Birmingham’s Eastside is the Smithfield Masterplan – 14 hectares of prime city centre estate in Digbeth reimagined as one of the largest, most attractive city-centre developments in the UK. Birmingham Smithfield will capitalise on the rich history of the area to deliver vibrant markets, public areas and 300,000 sq.m of floor space comprising new retail, leisure and commercial space.

Digbeth’s historic setting will provide a variety of unique and inspirational opportunities perfect for the growing number of companies involved with digital technologies, design, television production and the arts. It is envisaged that this will include a mixed-use scheme at the prestigious Typhoo Wharf and a canal side residential neighbourhood.

Education

If you look at some of the more buoyant property markets around the UK many of them have high quality education facilities. Birmingham is no different with a reputation for hosting some of the best universities in the UK. Around 40% of Birmingham’s population is under 25 years old, and much of this can be attributed to the number of students living there. For those looking at buy to let opportunities this is the Holy Grail, a strong flow of prospective university tenants attracted by an active nightlife and growing employment opportunities.

With such a high number of students, graduates and other young working professionals based here, its only natural that the amount of people renting is rising all the time. This presents an opportunity for investors looking for a property that secures them a solid rental income and masses of capital growth because of the ever-growing demand.

Culture & leisure

Digbeth is renowned for its leisure and nightlife. Offering everything from music festivals, to street food, art galleries to Birmingham’s oldest pub, Digbeth is a hub of all things cultural and creative.

|For foodies, the area is ome to the infamous Digbeth Dining Club, a street food dining experience. Cooking a range of alternative cuisines with energetic DJ’s, visitors can enjoy everything from Pizza and crepes to Caribbean and Malaysian dishes under the partially covered rooftop.

If it’s art your craving, Eastside Projects is a free, public, artist-run space, showcases temporary shows from both local and international artists. Every Friday of the moth, the artists’ collective teams up with other groups in the area to delivery special events.

And then there’s Digbeth’s famous Custard Factory. Built in 1906 by Alfie Bird and set in 15 acres of beautifully restored Victorian Factories, just five minutes walk from the Bullring, it is the heart of Birmingham’s buzzing creative and digital district. Custard Factory is a creative hub home to many independent shops, cafes, bars, restaurants and the Mockingbird Cinema.

Property Market

Digbeth has all of the qualities that make it a prime location for investment. An affordable district within the city that has experienced incredible property price growth of 401% over the last 20 years, Digbeth is building a bright future with phenomenal developments in the pipeline.

Digbeth asking prices have increased by 38% since 2018. Driven by links to key transport hubs such as New Street Station, world-class amenities and exceptional employment opportunities in progressive businesses, Digbeth is already achieving some of the highest rental yields in the city.

 

To find out more about Digbeth and our available developments in the area or the Birmingham’s property market in general, get in touch with our team of experts on 0121 347 6116 or email birmingham@centrick.co.uk and discover how Digbeth could be your next property investment…