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THE MIDLANDS
From East to West, the Midlands are home to multiple thriving towns and cities showing great signs of growth in the property market giving investors some of their highest yielding assets in the country.
Key Features
Low Purchase Price
1 Bed apartments start from £99,995
Manageable Payment Plan
3% initial payment, 30% deposit paid over 24 monthly instalments, 67% mortgage options on completion
High Capital Growth
Areas undertaking huge regeneration plans. Property prices expected to double in next 5-10 years in some areas
Discounted Property
Below market value purchase price guaranteed
Hands Off Buy to Let
From initial reservation through to rental management, everything is taken care of. Have as much or as little input as you’d like.
Protection
Up to 24 Month build period and a deposit protection insurance bond guaranteeing your money is safe
Current Developments
From Walsall in the West to Nottingham in the East, see below some of our most popular Midlands developments. For more please contact us today.
Tameway Plaza, Walsall
Tameway Plaza is Walsall’s tallest building and well renowned landmark, recognised for what the Black Country is famous for, its industrial past and progressive modern community.
This luxury conversion comprises of 143 one and two bedroom apartments over twelve floors. All homes will offer contemporary open plan living and dining space with oversized windows (where possible) ensuring maximum natural light.
Completion date Q4 2019 with an estimated yield of 6.6%
Prices start from £99,995
Mapperly Park, Nottingham
Mapperly Park is a stylish collection of modern 1 & 2 bed apartments, beautiful penthouses with private rooftop terraces. This development mixes modern architecture with a stunning Vertical Garden set across the exterior. Situated a mile North of Nottingham, Mapperly Park is a leafy suburb and is renowned for its tree-lined avenues which gives it a parkland feel despite it being so close to the city and local road networks. A great selection of local banks, shops, schools and parks, are all within easy walking distance.
Completion date Q3 2019, assured net yield of 6% for first 2 years
Prices start from £162,999
Southside, Derby
The development comprises 69 one and two bed luxury apartments across three phases, offering a host of shops, bars and restaurants within walking distance, as well as sporting facilities including an 18 hole golf course.
Southside is now tenant ready and offers buyers multiple payment options. Please contact us to find out more.
Completion date Q2 2018 with an estimated yield of 6.5%
Prices start from £85,995
Payment Plans
Why Invest In
The Midlands?
Shopping & Leisure
The city centre offers a world-class retail experience with the Bullring, Grand Central and the Mailbox all offering high quality shopping, eating and drinking.
Culture & Heritage
The Midlands is a vibrant and creative city. Major cultural institutions include Symphony Hall, The Hippodrome, home to Birmingham Royal Ballet, not forgetting the National museum and art gallery.
Bars & Restaurants
The culturally diverse city makes eating out like a gastronomic tour of the world. With no less than four Michelin Star restaurants and plenty of others excellent choices to tempt, you really will be spoiled for choice
Education
With six major universities, a host of colleges and award winning schools, the educational future of Birmingham is bright. Over 73,000 UK and overseas students are choosing the city as their place to study and build their careers.
Transport Links
At the heart of the UK's road network Birmingham is extremely well connected. The international airport offers direct flights around the world, plus the planned high speed rail link (HS2) will bring the capital even closer.
Green Spaces
Birmingham is home to 571 parks, more than any other European city, they total over 14 square miles of open space. Sutton Park is a national nature reserve that covers over 2,400 acres in the north of the city, it is the largest urban park in Europe
Business Investment
Leading European business hub with a regional economy of over £90 billion. The city is home to more than 32,000 companies, including nearly 700 international firms.
Property Market
With the youngest population in Europe, Birmingham's transformation into a cosmopolitan city has ensured that property prices remain at a premium and rental demand continues to outstrip supply
Payment Plans
Payment Plan 1
MONTHLY &
MORTGAGE PLAN
Pay a 3% initial deposit (minimum of £3000) plus £850 legal fees. The remainder of your 30% total deposit is then divided into a 24 month payment plan and paid on a monthly basis. Upon completion a mortgage is obtained for the remaining 70%. You are welcome to use your own mortgage provider or, alternatively, prosperity have a preferred lender which they can refer you to. This option is well suited to investors looking to build a portfolio with an attractive income and capital growth.
Payment Plan 3
THE QUARTERLY
PURCHASE PLAN
An innovative, ‘fully asset-backed’ savings plan that presents an appealing alternative to the traditional savings plan.
Pay 8 payments of 12.5% across a scheduled two year period - at the 24th month you can either retain the property and receive the rental income for life, or look to sell the property in the open market.
Payment Plan 2
THE NO
MORTGAGE PLAN
Pay a 3% initial deposit (minimum of £3000) plus £850 legal fees. The remainder of your 51% total deposit is then divided into a 24 month payment plan and paid on a monthly basis. Upon completion, remaining payments are covered 100% by rental income over an estimated 6-8 years depending on rental market appreciation. This option is well suited to investors whose primary focus is capital growth and do not need an income from the investment until the balance is paid.
Lammont & Co. Asset Management
RENTAL &
VOID ASSURANCE
Exclusive to Prosperity clients, we have created a ‘Rental Assurance Investor Package’ including:
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Rental and Legal Protection
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Void cover between tenancies
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Discounted Management fee of 8%
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Unique secure online landlord tracker