Price Street, Gun Quarter, Birmingham, B4 6JZ
Gunsmith House
Industrial-style apartments in a restored former gun works in Birmingham’s historic Gun Quarter
1-bedroom duplex & 2-bedroom apartments
Projected yields up to 6%
Gun Quarter, close to Snow Hill Station
An Overview of Gunsmith House, Price Street, Birmingham
Gunsmith House is a completed regeneration scheme on Price Street by Elevate Property Group, named Midlands Residential Developer of the Year. The site sits on the edge of Birmingham's historic Gun Quarter, the part closest to the city centre, and was home to gunmakers for more than a century. Designed with Digbeth-based K4 Architects, the scheme restores the original 1901 Gunsmith House building and frames it with new architecture in a matching industrial style, creating 85 one and two-bedroom apartments in total.
The development is within walking distance of Snow Hill Station, the Colmore Business District and Aston University, with Birmingham Children's Hospital a five-minute walk away. This mix of professional, academic and healthcare employment on the doorstep is one of the key drivers of property investment in Birmingham. The HS2 Curzon Street station is also close by, part of the wider growth corridor covered in our Birmingham buy-to-let guide.
Many apartments have private balconies or terraces, and residents share a landscaped garden courtyard, a residents' lounge with co-working space, cycle storage and a limited number of gated parking spaces. Interiors follow Elevate's signature industrial style, with Duravit sanitaryware, Hansgrohe brassware, Porcelanosa tiling and Wi-Fi controlled heating. For investors, Gunsmith House offers a completed asset with heritage character in a central location, supported by TKPG's completion and property management service. Elevate's Birmingham portfolio also includes Fountain Court on Steelhouse Lane and No. 30 St Pauls in the Jewellery Quarter.
Key Details
- Developer: Elevate Property Group
- Address: Price Street, Gun Quarter, Birmingham, B4 6JZ
- Status: Completed
- 85 apartments across the restored original building and a new-build block
- Available: 1-bedroom duplex and 2-bedroom apartments
- Projected yields up to 6%
- Service charge: £2.07 psf
- Payment plan: £5,000 reservation, 20% on exchange (less reservation fee), 80% on completion
- Designed by K4 Architects
Amenities At
Gunsmith House, Birmingham
Take A Look Inside Gunsmith House
On the Map
Gunsmith House, Price Street
▸ Birmingham Children’s Hospital – 5 minutes on foot
▸ Aston University – 11 minutes on foot
▸ Birmingham Snow Hill Station – 13 minutes on foot
▸ Colmore Business District – 13 minutes on foot
▸ HS2 Curzon Street and Millennium Point – 16 minutes on foot
▸ New Street Station – 17 minutes on foot
▸ Bullring and Grand Central – 18 minutes on foot
▸ Jewellery Quarter – 19 minutes on foot
Why Choose Birmingham
Birmingham
Market Summary
The Birmingham property market is strategically positioned for growth. Forecasts suggest the West Midlands region will see property price growth of 27.6% over five years, outpacing the UK average of 24.5%. This resilience is built on strong demand, fuelled by a forecasted 15% population growth by 2031. As a result, rental prices are also predicted to soar, with a +22.2% rental increase by 2028 (compared to the UK average of 17% by 2029), making it a high-confidence market for capital appreciation.
Yields
Birmingham's rental yields are strong, averaging 6% for traditional buy-to-let (BTL) and reaching 9% for short-term let (STL) strategies in central, high-demand areas. This is primarily due to a severe housing shortage: Birmingham's housing delivery is only meeting around 60% of its annual target, resulting in an estimated deficit of approximately 3,243 homes per year. Amid the city’s pressing need for 89,000 new homes by 2031, this undersupply creates fierce competition for rental properties, offering a lucrative opportunity for investors.
Regeneration
- Smithfield: This £1.9 billion, 17-hectare regeneration site in the heart of Birmingham is one of the largest single city centre developments in the UK. With £172.8 million in grant funding allocated, Smithfield will deliver 3,000+ new homes and 10,000+ jobs.
- Big City Plan: This city framework outlines the expansion of Birmingham’s core by 25%, dividing it into distinct quarters such as Digbeth and the Jewellery Quarter. The regeneration aims to enhance connectivity, create up to 50,000 new jobs, and contribute around £2.1 billion to the local economy, strengthening tenant demand beyond the traditional city centre.
- UK Economic Engine: Birmingham's thriving finance and tech sectors, bolstered by major corporate relocations, position it as a key UK economic hub outside of London.
Connectivity
- HS2 Transformation: The construction of the future HS2 Curzon Street Station is the key driver of future value, cutting the rail journey time to London to approximately 49 minutes. This proximity will push property values in the Eastside and Colmore districts.
- Midland Metro: The Metro is actively expanding, with the Eastside Extension reaching key investment areas such as Digbeth and the future HS2 station, significantly improving citywide access for residents.
- Air & Rail: Birmingham Airport (BHX) provides international connectivity, and Birmingham New Street remains the busiest rail hub outside London, ensuring high-speed access across the country.
Areas Overview
- City Centre (B1/B3) - Capital Growth & Premium Rent: Attracts high-earning tenants due to corporate relocations (PwC, Goldman Sachs) to Paradise Circus.
- Digbeth (B5/B9) - Regeneration Hotspot: Central to the massive Smithfield project and served by the new Metro line. High capital growth forecast.
- Jewellery Quarter (B18) - Heritage & Stability: High demand for unique, character-filled conversion apartments. Strong community and lifestyle appeal.
- Colmore District (B3) - Professional Commuter: Premium location near the financial district and the future HS2 Curzon Street Station. Excellent for capital preservation.
Related Developments
West Gate
One Trafford Edge
Tranquillity
Vista River Gardens
No. 30 St Pauls
Parkside Place
The Quayline
Frequently Asked Questions
Gunsmith House is on Price Street, Birmingham, B4 6JZ, on the edge of the historic Gun Quarter closest to the city centre. Snow Hill Station and the Colmore Business District are both around 13 minutes on foot.
Gunsmith House is delivered by Elevate Property Group, named Midlands Residential Developer of the Year. Elevate specialises in heritage-led regeneration across Birmingham, including Fountain Court and No. 30 St Pauls.
The development has 85 one and two-bedroom apartments. Current availability includes 1-bedroom duplex apartments and 2-bedroom apartments, and many homes have their own balcony or terrace.
Gunsmith House offers projected yields of up to 6%. Yields are projections only and depend on the individual unit, rental achieved and market conditions.
Yes, Gunsmith House is complete.
A £5,000 reservation fee secures the apartment. 20% is then due on exchange, less the reservation fee already paid, and the remaining 80% is due on completion.
The service charge is £2.07 per square foot.
Each apartment has a contemporary fitted kitchen with an integrated fridge/freezer, dishwasher and washer/dryer. Bathrooms include Duravit sanitaryware, Hansgrohe brassware and Porcelanosa tiling. Heating is Wi-Fi controlled electric, with LVT flooring in living areas, carpeted bedrooms and Virgin/BT fibre. Two-bedroom apartments include an ensuite shower room plus a second bathroom with a shower over the bath.
A limited number of gated parking spaces are available at the development, alongside secure cycle storage for residents.
The Gun Quarter sits between Birmingham city centre, Aston University and Birmingham Children’s Hospital, so it draws tenants from professional, academic and healthcare employment. It is also within walking distance of the Colmore Business District and the HS2 Curzon Street station, and next to the established Jewellery Quarter.
Heritage Regeneration
From Gun Works to Industrial-Style Homes
For more than a century, Birmingham’s Gun Quarter was one of the world’s leading centres of gunmaking, supplying arms for the Napoleonic and Crimean Wars and both World Wars. Gunsmith House dates back to 1901 and was home to gunmakers for over 100 years. Working with K4 Architects, Elevate has restored the original building to its former character and framed it with new architecture designed to complement its industrial heritage.
For investors, this part-old, part-new approach gives Gunsmith House a distinctive identity in the rental market, appealing to tenants who want character and history alongside modern living.
Location
Between the City Centre, Aston University and the Children’s Hospital
Gunsmith House sits on the edge of the Gun Quarter closest to the city centre. Birmingham Children’s Hospital is a five-minute walk away, Aston University is 11 minutes on foot, and Snow Hill Station and the Colmore Business District are both around 13 minutes away.
For investors, this location puts several of Birmingham’s major employers within walking distance. Healthcare, academic and professional staff create a broad, steady base of tenant demand.
City Regeneration
On the Doorstep of HS2 and the Knowledge Quarter
The HS2 Curzon Street station is around 16 minutes on foot from Gunsmith House. It is set to cut journey times to London and to anchor major regeneration across Eastside and the £4.2bn Knowledge Quarter. Further south, the £1.9bn Smithfield scheme is planned to deliver more than 3,000 homes, while the Colmore Business District continues to attract major financial and professional services employers.
For investors, Gunsmith House offers a completed asset in a central location that is still benefiting from new infrastructure, employment and investment around it.
Birmingham Economy
The Largest City Economy Outside London
Birmingham is home to a £31.9bn economy, the largest of any UK city outside London. HS2 alone is expected to support around 50,000 new jobs and a £4bn increase in economic output for the region. The city’s strengths in financial services, education, healthcare and the creative industries continue to draw young professionals to the city centre.
For investors, this economic base supports long-term rental demand and capital growth for well-located, completed city-centre homes like Gunsmith House.