Birmingham property diary – Autumn 2015

. by James Laurence Estate Agents

Reading time: 2 Minutes

Property investment hotspots!

Birmingham is buzzing again! In the month John Lewis’ flagship New Street store opens and the rugby World cup is in town, the rental market in the area is expected to reach new highs!
August, “the holiday season”, provided us with confidence of a busy autumn period with a record number of new tenancies secured for September already.

Birmingham has been ranked fourth by the Barclays UK Prosperity Map last month. With increasing property prices and large returns in equity markets in recent years, a combination of higher wages and employment rates has created more millionaires as both the Birmingham and UK economy gets back on track. The research also shows that the region is more affluent than it was five years ago with measures including household wealth, gross domestic product, exam results, charitable donations and entrepreneurship taken into account.

Statistics produced by the Lettings division here have revealed that leafy suburban living is current flavour of the month as Edgbaston properties, based on the B15 postcode and Harborne, B17, hit a new record for the year with 39% currently under offer-up 13% on July alone. Professionals including local doctors, university lecturers, banking professional and MoD tenants are an example of relocating clients choosing Birmingham’s most aspirational suburb as their next destination and quality is top of their tick list. An excellent example of let properties in August is Michael Drive. A great cul de sac off Wellington Road, with close proximity to Birmingham City Centre, as with excellent local schooling and leisure facilities, Edgbaston and Harborne are popular areas for private professional tenants.

 

 

The city centre market is buoyant in line with the quarter’s record lettings performance, as the city core (B1, B2 and B3 postcodes) returns currently show one in every four apartments have successfully been let. Birmingham is becoming increasing attractive for young working professionals due to redevelopment in the city, Birmingham New Street Station and Grand Central and the stunning new Mailbox redevelopment alone takes retail complex’s to a new level. Therefore it is no surprise that an increasing number of properties are letting within 24 hours. See the ultimate in exclusive living at St Pauls Place on St Pauls Square itself with THE concierge service of all concierge services, within short walking distance of all the city amenities needed.

Contact us to discuss your investment requirements on 0121 456 5454 or contact the lettings manager Andy McHugo on [email protected].

 

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The people we've helped

  • We recently switched from another letting agency to James Laurence, as we found their team so warm and friendly and loved the local aspect of the agency. The team have absolutely exceeded our expectations, making the changeover feel so seamless and finding new tenants for our apartment at really short notice. Lotti could not have been more wonderful to work with, going completely above and beyond to ensure our tenants could move in just before Christmas. We felt an immediate affinity with her and have so appreciated her attention to detail, quick thinking and creativity. She has made us feel so at ease, supported and like our property is in the safest of hands. Charlotte and Melissa have also been so helpful and lovely to deal with during the process. Having worked with several other agencies in Birmingham, I cannot recommend James Laurence highly enough. Look no further, they are the best!

    Julia Collins Andreu Avatar Julia Collins Andreu
    28 December 2022

  • The team at James Laurence was very helpful when I tried to find an apartment in Birmingham. I was in contact with a different letting agency but things fell through and they couldn't help me. A colleague of mine recommended James Laurence Lettings so I emailed them immediately since I was was moving from Sweden and the move would take place in less than a week. The team at James Laurence responded within 5 minutes and managed to offer me a few different apartment-options. Things proceeded quickly and smoothly and just a few days later I had they keys to the apartment. James Laurence helped me every step of the way and went above and beyond to accommodate my requests. The only minor negative thing I can say is that the interntal communication could be improved a tiny bit. I received slightly different information depending on who I was speaking with at the time. When I said I received different information earlier the person I spoke to said she would talk to her colleagues and then get in contact with me later with the "correct" information which she did and the issue got solved very quick.

    Elias Avatar Elias
    15 October 2022

  • Our experience with James Laurence Estate Agents was absolutely fantastic! Melissa Wilson made the application and referencing process smooth and easy with excellent communication. Everyone we spoke with from the office was kind, helpful, and welcoming. To top it all off, the loft we moved into was even better than the pictures! We are thrilled with our new home and we would absolutely recommend James Laurence to anyone looking for a place to live!

    Dominic James Avatar Dominic James
    2 October 2022

  • I have been very impressed with James Laurence, who have recently sold my property. Having previously had a poor experience with Purple Bricks, I instructed James Laurence to help sell my property. I have worked with Henry throughout the whole process and have found him to be very professional and knowledgeable as well as being efficient. It can't be stressed enough how important this is to have an estate agent that responds quickly, negotiates well and truly understands the market (especially during uncertain times like recently with the cover pandemic). I have briefly worked with Caroline and some of the other team members who also seem to be very efficient and friendly. Thanks again to James Laurence who I would fully recommend to anyone looking to Buy/Sell in Birmingham.

    David Jolly Avatar David Jolly
    16 June 2022

  • I recently sold my property with James Laurence, and the overall experience was great. They demonstrated a good knowledge of the Birmingham property market when discussing sales strategy, marketing and pricing (more than I was expecting) towards the beginning of my experience with them. This showed when we achieved 2 asking price offers within the first couple days of showings. Once an offer was accepted, their support did not stop there, Caroline (Sales Progression) did a fantastic job at liaising between myself and the buyers side, helping to progress items and remove any potential blockers. I would fully recommend James Laurence to anyone looking to Buy/Sell in Birmingham.

    Jack Darby Avatar Jack Darby
    20 May 2022