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'Flats grow in value faster than all other properties'

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A recent study, conducted by Halifax, revealed that flats have increased in value over the last decade by more than any other type of property. In fact, on average they have increased in value by a massive 60%. 

Growth has still been strong in other types of property. Over the same period of time the value of terraced homes has gone up by 41%, while semi-detached homes have increased by 32% and detached homes have increased by 21%. 

As you can see from these figures, all types of residential property have proved to be sound investments over the past decade. Flats, however, have outstripped their competitors in terms of appreciation. 

After reading these figures we had a look through our current offerings, and found a flat in each of our three main locations - Birmingham, Solihull and Nottingham - which, based on growth figures in the relevant areas, should prove to be an investor's dream. 

 

Blossomfield Road, Solihull

Blossomfield Road, Solihul

This two bed flat is situated within easy access of Solihull town centre. It's part of Wircester Manor, which is a development of luxury apartments set back from the road behind a secure gated entrance. This particular flat is light and airy, with ample storage space and a family bathroom in addition to the master bedroom's ensuite shower room.

Most importantly for investors, the average value of property in this area has increased by 4.8% in the past year alone.

 

Queens Road, Nottingham

 Queens Road, Nottingham

Part of the popular Picture Works development, this two bed flat can truly be called the perfect city pad. It's a well-proportioned apartment with a large living area, and a living/dining room with an off-set kitchen area. It is also in an excellent location for professionals, only a stone's throw from Nottingham Train Station and Nottingham City Centre. 

Investing in this area has proved a sound investment. In the past 12 months properties have increased in value by an average of 2.4%. 

 

Millenium Apartments, Birmingham

Millenium Apartments

The Millenium Apartments building is in a great location, within walking distance of Snow Hill and New Street train stations. It also features a communal roof terrace, gym, sauna and concierge service. This particluar apartment contains a newly-fitted kitchen, two sizable bedrooms and secure allocated parking. 

Property in this particular area of Birmingham has, on average, increased by an excellent 4.4% in the past year.

 

 Centrick Property

These growth figures show that it truly is a great time to invest in property, and in particular flats. If you'd like any further information, please don't hesitate to call Centrick Property. We also frequently host evenings for potential investors. To keep up to date with these, like our Facebook page now or sign up for our mailling list.

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