Over half of the 438 houses and apartments being delivered at the Belgrave Village development in central Birmingham will be completed during 2024. The £106m 12-acre regeneration scheme is being delivered by Wavensmere Homes in partnership with Galliard Homes and Apsley House Capital.
Accessed off Belgrave Middleway (A4540), just outside the city’s Ultra Low Emission Zone, 70% of the homes have already been matched with purchasers at the off-plan stage. The popularity of the scheme is being attributed to the attainable prices – which start from £208,000 – eco technology including air source heat pumps, and design features such as three-metre-high ceilings within each floor of the houses.
In late 2023, new residents moved into the first 40 houses at the development. A two-bedroom show house and the first phase of the communal gardens were also unveiled to the public. The 225 completions for 2024 will comprise 100 houses and 125 apartments, with new residents scheduled to move in during every month of this year.
Once build complete in spring 2025, Belgrave Village will provide residents with an on-site gym, co-working space, screening room, and concierge service. The six acres of linear parks and mix of apartment and house types will enable occupiers to care for a small pet. The gas-free homes have a high EPC-rating, enabling purchasers to benefit from Green Mortgage rates.
James Dickens, Managing Director of Wavensmere Homes, said: “With more people now working from the office rather than home, city living is having a resurgence across the UK. Even with the volume of high rise rental blocks being developed, there is a significant shortage of new homes in Birmingham.
“What Belgrave Village offers is a unique mix of houses and apartments within spacious green surroundings. The range of amenities, parking, convenient location, and affordable prices, has seen it become central Birmingham’s destination of choice with local owner-occupiers, especially first time buyers.
“Even for PLC housebuilders, it’s unusual for more than 100 homes to be delivered on a single development within a 12-month period. We’re proud of our reputation for construction deliverability, which will see the keys for close to £60m of new homes handed over to customers here this year.”
Homes purchased for investment at Belgrave Village are in high demand with vying tenants. Rental yields equate to well over 6%, which reflects a greater return than other comparable areas of central Birmingham, such as the Jewellery Quarter and Digbeth.
Donna Smith, Sales Director for Wavensmere Homes, said: “Birmingham is an international city with a property market to excite all tastes and budgets. The sales rate at Belgrave Village has bucked the trend ever since the launch in summer 2022. City professionals and families are choosing to move here because they can get a better quality home for their money, especially if they’ve previously been renting.
“Our show home is enabling us to showcase the specification and wow-factor of the three-metre-high ceilings within the two- and three-storey houses. Meanwhile, the apartment buildings rise up to 11 storeys, with amazing views across Birmingham and its suburbs. This development is really appealing to design-conscious buyers who lust after an Instagram-worthy home they can afford.”
Each Belgrave Village home benefits from air source heat pumps, natural ventilation, and low energy appliances, to enable occupiers to lower their carbon footprint and household bills. The houses are sold with a parking space, while purchasers have the opportunity to buy parking with the one- and two-bedroom apartments.
All Belgrave Village homes feature contemporary fitted kitchens with integrated appliances. Bathroom suites are by Geberit with coordinating Bristan brassware. Flooring is provided throughout each home, consisting of a mix of luxury vinyl tiling and fitted carpets. A one-bedroom first floor 430 sq ft apartment is priced at £208,000, while a two-bedroom third floor 648 sq ft apartment is priced at £265,000. Three-bedroom 1,079 sq ft Lucas houses are priced at £399,950. A 50% share of a Heylo shared ownership one-bedroom apartment is £105,000.
For local journeys into the city’s business, shopping, and cultural quarters, cycling and E-scooters that are readily available for hire are the preferred methods of transport for most residents, although bus stops are positioned close to the new development. 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. The A4540 leads to the Aston Expressway (A38M) and provides easy access to the national motorway network.
Wavensmere Homes has invested in virtual reality, augmented reality, and a range of fly-through videos, to give prospective purchasers the opportunity to get a real feel for each available home.
The Belgrave Village site was previously Joseph Chamberlain Sixth Form College and Birmingham Sports Centre, but had lain derelict for 20 years. Headquartered in Edgbaston, Birmingham, Wavensmere Homes has close to 3,500 new homes either in production, or planning.
For further information on Belgrave Village, or to view the show home, contact Connells’ Birmingham office on 0121 212 0800, or email info@wavensmere.co.uk.
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