Dudley is less than thirty minutes from Birmingham International Airport and just forty minutes from the city centre. As well as this, Dudley is easy to reach by rail from the North in Manchester and the south in London.
Its geographical location and fantastic transport links aren't the only key connection it boasts. It is one of the best areas in the UK for people desperate for super fast internet speeds, making it ideal for families and business owners alike.
There are plans for a number of high profile investments for this area already. Millions of pounds are going to be injected into the centre of Dudley to revitalise the area with new entertainment complexes, places to eat and shop, all aimed to boost tourism.
In addition to this, at Brierley Hill there are plans to develop the business sector by building an additional million square feet of office space. This will most certainly attract attention from new start ups and small businesses.
Due to its close proximity to Birmingham and its several universities, Dudley is a perfect location for students. As such, if you are investing in flats, apartments or any form of alternate student housing, you will definitely find a demand here. A top tip for accessing the demand would be to invest in large Victorian terraced housing. Buying properties big enough for multiple students to rent together makes them more attractive and affordable.
Figures from 2019 to 2020 demonstrated how the Dudley housing market is continuing to grow, and with the planned new investments and regeneration project in the town centre it’s clear to see why.
Continuous development in the town is leading more people to take advantage of what it has to offer. The new regeneration projects have created new business spaces and residential properties and this is bringing new people already residing in Birmingham who are looking for properties that give them more for their money, as well as setting up local businesses.
Buyers looking to invest in Dudley are encouraged to look at hot spots in the area to ensure the best return. Areas such as Brierley Hill are seen as a hotspot within Dudley, as it has good transport links and fantastic local amenities.
Improved transport links to Birmingham have made Dudley a key area for students and those working in the city looking for more affordable living and as such, residential property demand has increased.
With the recent and planned investments into the area, businesses and retail spaces have seen a considerable boost and the need for residential property has increased alongside it. This demand has understandably led to increased numbers of investors looking to purchase property in and around Dudley.
Being considered the UK’s second city, Birmingham has a high demand for property; it is forecast to need 4,000 homes per annum over the next 10 years. This gives investors plenty of opportunities to get involved in the city and the surrounding areas as demand continues to grow.
In Birmingham, investments can yield different results depending on the location; however you could expect to see yields up to 5% with average house prices above £250,000.
Birmingham and the surrounding areas are providing fresh prospects for property investors. Birmingham has seen huge developments in its economy recently and this year house price rises increased beyond homes in London.
In the last 12 months, house prices in Dudley have risen on average by six percent. That increase should be a green light for investors looking for an area with great profit potential. With the new developments already planned, the home prices here could rise even further, particularly if the area can attract an artsy crowd of former city dwellers. That might just happen, thanks to the new art exhibits and museums that have opened in recent years.
To put the home prices in perspective, the increase or six percent equates to just over ten thousand pounds. This means that home prices are rising at around £28 a day.
Retail and tourism is at the heart of Dudley, with a bustling town centre and large shopping centre in Brierley Hill which is perfect for a day out shopping. There are also several tourist attractions in the town such as the Dudley Zoo and Black Country Museum making Dudley fantastic for families to enjoy a day out together.
Dudley is also home to a range of green spaces including the Himley Hall and Park which attracts around 200,000 visitors each year.
There are various places in and around Dudley that could bring great gains for investors. However, in general, new buyers should be looking to purchase properties close to the motorways, major transport links and new amenities in developing areas such as the town centre. Four million people visit Dudley every year, so the potential is definitely there to attract new residents to this location.
Residents of Dudley will also have access to the HS2 which is planned to pass through Birmingham. This will allow for more tourists to visit the area as well as give residence more opportunities to work and live outside of the city.
The borough is to experience a wealth of investment which includes a multi-million pound plan to develop a new Midland Metro and bus exchange, not only will this improve the areas transport links but it will connect certain tourist hotspots such as the Dudley Zoo and Black Country Living Museum.
The £41 million funding bid will help surrounding businesses, boost the local economy and continue to make Birmingham and its surrounding borough a fantastic place to live, work and of course, invest.
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Published: 14 August 2018One BHM is our latest residential development perfectly situated in the sought after B1 area in Birmingham. One BHM will bring 165 one, two and three-bedroom apartments to the market, each designed with a bespoke and distinctive finish.