Walking through Sherbourne Wharf this week, it was depressing to see how this wonderfully revitalised area brought back from dereliction had altered, so took a picture on my trusty iPhone.
Only last year this area was bustling with people, the futuristic ‘Jupiter’ marketing suite, health spa, restaurant and a busy waterbus on the canal. It now appears as a ghost town. The businesses, the customers and the residents have gone, and so has the character of the area.
The credit crunch has without doubt had a harmful effect here. Properties once worth £195,000 are now available for a mere £120,000, many are rented out by investors for next to nothing.
Redrow the Tamworth based housing developer has ordered its marketing suite overlooking the canal to be ripped out, all but one of it’s sales staff have been made redundant who is now based in an off site portacabin.
The surrounding area after the regeneration of Birmingham’s canals looks to be going backwards rather than forwards. Let’s hope this all changes soon, it’s a fantastic spot in Birmingham and has the potential to really be a great place to relax and unwind.