Set in the heart of the UK in a region home to over 10 million people, Oak Court is a fantastic new development of 64 1-bed converted apartments, due for completion at the end of 2019.
Developed by a company with an outstanding track record across the UK, the apartments are strategically located in a high growth area that is about to benefit from a series of huge infrastructure and connectivity projects.
Just 10 miles from the UK’s second city, Birmingham, and 4 from Dudley town centre, the development sits in an outstanding area, just 0.6 miles from the intu Merry Hill shopping centre, 1 mile from Russel Hall Hospital – providing for over 700,000 patients a year – 0.5 miles to the beautiful canalside area with its bars and restaurants, and 0.5 miles to the Waterfront Business Park.
Each 1-bed apartment will be finished to a fantastic specification, with Karndean flooring and carpets throughout, a fully fitted modern kitchen complete with integrated white goods, contemporary fully tiled bathroom, LED lighting and window blinds. Selected units also include an allocated parking space.
With the 11km West Midlands Metro extension to Brierley Hill now funded and construction beginning later this year, residents will soon be able to effortlessly reach the city centre of Birmingham and the new HS2 links in half the current travel time. This has led to house price growth in the area of 9% over the last year, and is predicted to keep growing by 195 over the next five years. (Birmingham Mail)
The Midlands Engine covers a considerable area. Powered by over 10 million people, it contributes £220 billion to the UK economy and accounts for 19% of all UK exports going to over 100 countries – making the Midlands one of the highest regional exporters in the UK.
The Midlands Engine plays a vital role in the UK’s economic prosperity and has an unrivalled plan for regional growth and connectivity that will help to boost the economy both locally and across the UK.
The Midlands has also attracted a significant amount of investment that has boosted the region’s economy and will contribute to the growth ambitions of the Midlands Engine. The Chancellor announced in the Autumn Budget transport commitments such as the £1.7 billion Transforming Cities Fund and a second devolution deal for the region, while a manufacturing zone will be piloted in the East Midlands to drive business investment and productivity. The first ever Spring Statement in March 2018 also announced a housing deal to build 215,000 homes in the West Midlands by 2031.
The Midlands is the centre of the UK automotive sector, worth £8 billion per year, with 885 companies and 60,000 employees
The West Midlands accounts for 40 per cent of the UK motor industry’s total output and is home to the country’s largest car manufacturer Jaguar Land Rover as well as Aston Martin, Morgan Motor Company, London Electric Vehicle Company and dustcart maker Dennis Eagle. BMW also has an engine
The Midlands’ creative sector is worth more than £5.5 billion a year, and it is growing fast. Employment in the industry, which ranges from advertising to architecture, rose by 45 per cent between 2010 and 2015 to 379,000 people, with marketing and digital businesses accounting for about half.
In the West Midlands, the sector’s value to the economy is expected to grow almost three-fold to £11.2 billion by 2030. The industry is dominated by slick and nimble small and micro businesses.
A centre for manufacturing for more than three centuries, the Midlands has grown to become home to a vast range of high-tech manufacturing businesses in industries including aerospace, automotive and medical technology. The main players include Rolls-Royce, Jaguar Land Rover and JCB. The region’s cutting edge in manufacturing is driven by a series of world-leading innovation and research centres.
The Midlands-based rail sector is enjoying one of the most exciting periods in its history.
The £56 billion HS2 project and multimillion-pound improvements to existing infrastructure mean there is huge demand for the region’s expertise.
The National College for High Speed Rail in Birmingham will teach 1,200 students each year. Birmingham is also the headquarters of HS2 Ltd, the company behind HS2. The benefits from HS2 – the high-speed rail link which will connect London with the north of England, via the Midlands – and other rail improvement projects are not just limited to specialist businesses, they will be spread across the region.
Greater Birmingham will benefit from two HS2 stations, at UK Central in Solihull and Curzon Street in Birmingham, which will open in 2026.
The Midlands is a leading player in the energy sector, supporting 162,500 jobs – one in three of the industry’s total – and contributing £14 billion each year.
The region accounts for a quarter of the national energy capacity: 12 gigawatts from coal, gas and oil, and 200 megawatts (MW) from wind.
A third of the 17,100 jobs to be created in the UK energy sector between 2014 and 2024 are expected to be in the Midlands. In that time, overall employment in the region’s energy sector is poised to grow by a fifth. The skills will be essential if the sector is to meet its main challenge: making the cost of renewables as attractive as that of fossil fuels.
Dudley is the historical capital of the Black Country, a region located in the heart of the West Midlands, in the centre of the UK. It is close to the M5 and M6, just eight miles from Birmingham city centre and within easy reach of Birmingham International Airport.
In January 2008, Brierley Hill was designated as the new strategic town centre for the Borough of Dudley. This will enable plans to go ahead for more shops, leisure facilities, offices and housing all to be built in such a way to link Merry Hill, the Waterfront and Brierley Hill High Street together as one centre.
The £450m West Midlands Metro extension to Brierley Hill has just been giving the go ahead, paving the way for nearly 1 million sq ft of new commercial space and 34,000 permanent jobs.
The new tram extension will improve connectivity to the DY5 business and innovation enterprise zone at Waterfront in Brierley Hill, as well as linking in with the planned multi-million pound transport interchange in Dudley town centre.
DY5 is located in Dudley Borough’s strategic centre of Brierley Hill and will put Dudley on the national and international map as location of choice for business and innovation, with low cost and high quality office space connected to the regional infrastructure.
Manufacturing and technology of the region will help deliver new business, as well as broaden the digital and professional base into existing manufacturing technology.
The high tech hub of the Black Country will create 7,000 new jobs over 25 years.
The enterprise zone will reinvigorate the existing waterfront office complex offering businesses rate enhancements for vacant offices, as well as potentially expanding floor space by 1 million sq ft.
Dudley’s existing manufacturing and industrial base will be bolstered by the introduction of new industrial space as well as creating new accommodation for businesses in the technology and service sectors.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.