Will Londoners Move to Birmingham for Better Prices?
Kings Heath in Birmingham could potentially prove an ideal residence for Londoners looking to move away from the sky-high prices of the capital.
The Birmingham suburb is just 15 minutes from Birmingham New Street train station, which has recently been renovated. The homes are well presented, the streets are tree-lined, the parks are impressive and the schools are good.
For those looking for a quiet life, Kings Heath has a nice array of tearooms and for those still hoping for some culture, the music scene is growing.
If Londoners are looking to completely uproot from the capital, Birmingham’s economy is booming; George Osborne’s Budget revealed that a job is created every ten minutes in the Midlands.
But if working in London is still a priority, trains from Birmingham New Street to Euston take an hour and 20 minutes, with this time reducing when the HS2 arrives.
To Londoners, homes in Kings Heath are ridiculously cheap. Six-bedroom Victorian detached houses can be snapped up for £475,000, a five-bedroom terraced property is £350,000 and a three-bedroom home is £260,000.
If travelling from Birmingham to London everyday isn’t ideal, Londoners can sell up their pricey homes and split the cost between a house in Kings Heath and a studio flat in central London.
With people trying to get out of the London property bubble, non-London homes could rise in line with London prices. Now would be a perfect time to buy.