Connells: Buy and benefit at Belgrave Village in Birmingham

Eco-efficient apartments and houses available through Shared Ownership

Recent research by Hamptons, part of the Connells Group, has found that the average rent in the Midlands rises nearly £1,000 per year – an increase of nearly 10% on the year before.

Meeting the need for affordable housing in Birmingham, one of the West Midland’s major cities, is Home Reach, who have launched a collection of Shared Ownership homes at Belgrave Village.

The development, which is being delivered by Wavensmere Homes in partnership with Galliard Homes and Apsley House Capital, comprises a collection of 438 one and two bedroom apartments and two, three and four bedroom houses. The eco-efficient homes are set moments from the centre of Birmingham, and the 12-acre community-focused development features extensive new public open space alongside contemporary living.

Home Reach’s 44 Shared Ownership homes offer first time buyers an alternative route onto the property ladder at this exciting new development.

Image of a bedroom at the Belgrave Village development from Connells - available to purchase through Shared Ownership on Share to Buy!

Save through Shared Ownership

Home Reach’s Shared Ownership homes at Belgrave Village allow buyers to purchase a share of their home, instead of purchasing outright, which can be a more affordable option.

Shares at Belgrave Village start from 30%, with a one bedroom apartment starting from just £63,000, requiring a 5% deposit of just £3150. A 30% share of a two bedroom apartment starts from just £79,500 with a 5% deposit of £3975. Two bedroom homes start from £96,000 requiring a 5% deposit of just £4800. Offering further flexibility, buyers can initially purchase up to 75% shares, depending on their financial situation.

When compared to the local area, Connells research has found that the average rent paid on a one bedroom apartment nearby would see a monthly cost of £950, whilst the typical rent for a three bedroom house sits at £1,800 per month. Comparatively, homes bought through Home Reach at Belgrave Village see estimated monthly outgoings start from just £821 for a one bedroom home, and £1,356 for a three bedroom house – a huge 35% saving.*

Image of the interior of Belgrave Village development from Connells - available to purchase through Shared Ownership on Share to Buy!

Access to amenities

Once complete, Belgrave Village will offer residents access to an abundance of onsite amenities – perfect for those searching for a home that ticks all the boxes. The development will be home to an onsite co-working space, making it ideal for those hybrid working or completely remote, while a film screening room is available exclusively to residents for private hire as a place to unwind.

An onsite gym is available for all residents to enjoy, giving fitness enthusiasts access to dedicated workout areas. Belgrave Village will also provide first-class concierge services that offer round-the-clock security, visitor management and postal management – acting as the first point of call for residents.

A sustainable solution

Homes at Belgrave Village have been created with eco-efficiency in mind – something that tops the wish list for plenty of purchasers. Each home benefits from air source heat pumps, natural ventilation and low energy appliances, to enable occupiers to lower their carbon footprint and household bills. Alongside this, the two, three and four bedroom houses are the city’s first EPC-B rated houses, which also qualify for green mortgage rates.

An unrivalled location

Belgrave Village sits just moments away from Birmingham’s thriving commercial centre, New Street Station and Grand Central Shopping Centre. Moor Street Station and New Street Station are both around 1.5 miles away, offering frequent services across the UK rail network. Trains from New Street to London Euston take 63 minutes, while the nearby A4540 leads to the Aston Expressway (A38M) and provides easy access to the national motorway network. With plenty to do on the doorstep and a host of onsite amenities, residents at Belgrave Village will be spoilt for choice.

Image of a bedroom from Belgrave Village development from Connells - available to purchase through Shared Ownership on Share to Buy!

For more information on Home Reach’s Shared Ownership homes at Belgrave Village, please visit Estate Agents & Letting Agents | Houses For Sale – Connells.

*Please note these figures are indicative and are used for illustrative purposes.

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