Elevate Property Group targets first time buyer market with Sheldon Court launch
Elevate Property Group has revealed its latest development in Birmingham – 64 affordable studios, one and two bedroom apartments in Sheldon.
Birmingham-based construction company Mossvale Ltd has been appointed as main contractor for a building programme which is scheduled to complete by the end of 2020 with the first buyers moving in early in the New Year.
Sheldon Court is Elevate’s first project aimed specifically at the first time buyer market.
David Hofton, sales and marketing director of Elevate Property Group, said: “This is very much the right development in the right area at the right time.
“The current Stamp Duty holiday, Help to Buy, plus historically low interest rates, means that Sheldon Court is perfect for those looking to get on the housing ladder.
The apartments will also prove attractive to investors with potential 5-6% yields available.”
Prices will start at just £130,000 for one of the 54 one bedroom apartments, with six two bedroom apartments and four studio apartments also available.
Sheldon Court is located just off the A45 arterial route which leads from the M42, Birmingham Airport and NEC area, into Birmingham city centre, with good public transport in both directions.
The apartments will also have 60 parking spaces, six of which will provide electric charging points for hybrid and electric vehicles.
David Hofton added: “Sheldon Court is located on a main commuter route which gives access to both Birmingham city centre with all its attractions and also to the desirable town of Solihull. Birmingham International train station, Birmingham airport and Junction 6 of the M42 are conveniently only a ten minute drive away.
“Locally, it has the 300 acre Sheldon Country Park and Hatchbrook Leisure Centre virtually on its doorstep, perfect for those seeking outdoor space.”
A show apartment will be opened in early October and Birmingham agents Centrick have been appointed to sell the apartments at Sheldon Court.
New homes manager Christiana Plati said: “Centrick are excited to be able to offer first time buyers the chance to buy their first property using the Help to Buy scheme while potentially spending significantly less on a mortgage rather than the equivalent rent.”
In Birmingham, Elevate Property Group has earned an enviable reputation for the quality and popularity of its developments, with apartments in Concord House, Honduras Wharf, St Pauls House, Tennant Street Lofts and Assay Lofts all selling quickly.
Elevate Property Group is renowned for the quality of its residential-led schemes. Current high-profile developments throughout the country include Victoria Point (Ashford, Kent), Alban House (Hereford), Trent Bridge Quays (Nottingham), Princes Gate (Solihull), Sheldon Court (Sheldon, Birmingham) and Cliveland Street (Birmingham).