B1 Birmingham City Centre — Property Development

B1 covers Birmingham City Centre in Birmingham (West Midlands). Big City Plan core — BTR towers and Class MA conversions.

Local market snapshot

• Average property value: £245,000
• Indicative gross rental yield: 6%
• Council planning regime: Gateway 3

Local authority: Birmingham City Council — Gateway 3, Article 4 active, average build cost £2100/sqm.

Hot strategies in B1

• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules
• Build-to-Rent (BTR) Schemes — Institutional residential rental developments
• Airspace & Rooftop Development — Adding floors above existing buildings

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