Mortimers International
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Redditch, St Stephen's House
St Stephen’s House is a brand new, off-plan office conversion scheme that will create 98 high quality apartments within Redditch Town Centre. The building is set in a leafy business district, neighbouring offices solicitors, accountants and other associated professionals. Upon completion in Q1 2021, the apartments will appeal to tenants who are looking for stylish, modern apartments in a very attractive location. The property is located close to all the amenities of the town, yet just 2 miles from the open countryside of the Arrow Valley Country Park.
Investment Highlights:
- 98 top quality one and two bedroom apartments
- 10% below market value, starting from £113k
- Completion Date Q1 2021
- Prime Town Centre location
- Optional assured 8% rental return for 10 years
- Less than a 3 minute walk to the Train Station (London 2 hrs, Birmingham 30 mins)
- A 2 minute walk to the newly refurbished Kingfisher Shopping Centre (140+ stores)
- Over £200m of regeneration works in the local area
- Average house price growth of 7.7% in B97
- Leasehold – 250 years
- Savills predicted that by 2022 West Midlands would see average capital values rise by 18.3% – more than twice the projected rate in London
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