Budget bonuses and the lockdown roadmap

A perfect storm of positives is prompting a major upsurge in sales enquiries across Elevate Property Group’s current developments in Birmingham and beyond.

The Chancellor’s Budget with its Stamp Duty holiday extension until the end of June, the Help to Buy extension and the Government-backed 95% Mortgage Guarantee Scheme, plus historically low interest rates has produced a flurry of interest in Elevate’s properties.

Sales and marketing director David Hofton said that in the past week since the Budget they had seen the highest level of website traffic in the last six months, leading to potential buyers contacting the developer to book socially distanced viewings across all their sites.

“It is no coincidence that these positives combined with the fact that we now have a roadmap out of lockdown, more people are being vaccinated every day, - and a bit of sunshine – have all led to a surge in enquiries.

“We have seen increased interest across all our current sites at Sheldon Court in Birmingham, Princes Gate in Solihull, Trent Bridge Quays in Nottingham, Alban House in Hereford and Victoria Point in Ashford, Kent.”

Work on Heaton House Lofts in Birmingham will start later this year, to deliver 14 townhouses, 42 apartments including six loft apartments, plus the restoration of the historic 19th century Georgian villa Heaton House.

Elevate announced this week that its Cliveland Street development in Birmingham’s Gun Quarter is now completed and is 90% sold off-plan with only five shared ownership properties remaining.

Cliveland Street joins an impressive collection undertaken by Elevate Property Group in Birmingham in recent years, including Concord House, Queensway House, St Paul’s House, Honduras Wharf, Tennant Street Lofts, Assay Lofts and Sheldon Court which is also nearing completion.

In February Elevate announced the appointment of James Costello as development director with a remit to drive the delivery of all current Elevate projects as well as a pipeline of developments to be announced during 2021.

Elevate Property Group currently has nationwide interests in 1,300 plots with a gross development value in excess of £330 million.