Walsall is only nine miles from Birmingham city centre making it perfect for individuals who want to work in Birmingham but avoid the hustle and bustle of the city centre. Walsall also offers renters more for their money in terms of space when compared to the city centre, which makes it a popular choice for families.
In 2008, plans were approved to build a hi-tech business quarter in the centre of Walsall. The ‘Gigaport Corridor’ began construction in 2014 and is yet to be finished, however it has brought thousands of jobs into the town which has continued to make Walsall an attractive location for new start-ups and entrepreneurs.
It was recently announced that Cordwall Leisure is planning to build a mixed-use property development within the 400 million pound Gigaport corridor.
Walsall is rapidly becoming a high-tech business hub and as such house prices in Walsall are 5% up from the peak of 2017. House prices are forecast to increase further upon the completion of the Walsall Gigaport project.
Investors might be interested in the WS1 area, which could provide rental yields of up to 7.4% for a one bedroom apartment, making Walsall a prime area for buy-to-let investments.
As a result of the new Gigaport generation scheme, more people are moving out of the city centre for work and as such house prices are increasing with this demand. As part of the regeneration there are plans to build over 900 new homes, which gives investors plenty of opportunity to invest in property in the local area.
In the last 12 months, house prices in Walsall have risen on average by seven percent. That increase should be a green light for investors looking for an area with great capital growth potential. With further planned investments, house prices are only forecast to continue to rise.
Walsall has plenty of leisure and hospitality amenities that keep the visitors coming in and the residents happy. Popular attractions such as The New Art Gallery, which has free admission, is home to famous artists which constantly brings in art fanatics looking to view these famous pieces for themselves.
The high-street is full of independent shops and popular chains which many will recognise and regularly enjoy, as well as the larger shopping centre; Saddlers Shopping, which has everything from clothes, to food, to home wares.
While Walsall as a whole could bring great gains for investors, they are encouraged to invest into properties close to motorways, major transport links and new amenities along the Gigaport corridor.
Thousands of people visit Walsall each year, so the potential to attract new residents to the location is definitely there.
Residents of Walsall 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 residents more opportunities to work outside of the city.
£400 million has been invested to build the Gigaport Corridor providing 2500 jobs and 85,000sqm of business space, which is sure to entice fresh start-up businesses to the area.
Not only will the Gigaport Corridor provide a new data centre for businesses but residents and tourists can also look forward to a new modern hotel and health and sports facilities.
A huge £10.2 Million has also recently been granted in order to create a build-to-rent scheme comprising of 66 new homes bring new residents to the area.
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.