Barracks Estate: Sutton Coldfield's Sleeping Giant?

A buyer recently missed his chance to buy a three bed semi-detached property on the Barracks Estate, off Rectory Road, near Falcon Lodge, as it sold in a few weeks. He asked me if there something special about the area, so I did a little research. I have included Blakemore Drive, Sentry Way, Langley Park Way and Barrack Close in my findings for the Barracks Estate area. Blakemore Drive in the first part, near M.O.D. (Ministry of Defence) buildings, which was built in the 1980s by Clarke and Bryant Homes followed by the area closest to the A38, which was bought off the M.O.D.by Bryant homes in the 1990s. The most recent part was bought from the M.O.D. by Morris Homes, in the early 2000, construction finishing around 2004.

A number of 3 bedroom houses have sold in the area for around £200,000 to 215,000 in the last two years. To prepare the properties as a rental investment would take very little and this could achieve rents of around £850 per month, which would provide a reasonable annual yield of around 4.9%. The three bedroom semi-detached properties in the Blakemore Drive area which were selling for a maximum of £203,000 last year, are now estimated to be a little higher than this. The town houses found near Langley Park Way offer the tenant and buyer larger rooms, which can be more appealing and have recently sold in the region of £215,000. As the achievable rents could be between £850 and £900 per month, the possible annual yield is slightly lower on the Town houses at around £795pcm . Don’t be discouraged, however, as the houses have seen great increases in value and are popular with buyers and tenants. With capital growth on average increasing by 23% on Langley Park Way in the last 10 years, whereas Blakemore drive growth has been in the region of 14%. If you would like to talk to us about property in our area please feel free to visit our office on the Birmingham Road, Sutton Coldfield or call 0121 321 6090, email suttoncoldfield@martinco.com