In today’s tough economic climate where bank savings are accumulating little interest, investing in property for the rental return alone is a highly attractive option. According to local estate agent Beresfords, Crest Nicholson’s BASE development in Brentwood is indicative of this trend and is proving popular with savvy buy-to-let investors. Achieving rental yields as high as 7%, above the UK average of 5%-6%, Crest Nicholson has noticed a rise in the number of investors looking to buy at the development.
Terry Holmes, Director at Beresfords Residential says: “BASE has demonstrated that buy-to-let investors have a great opportunity to capitalise on the increasing demand for apartments in Brentwood. Brentwood is very popular amongst commuters as Brentwood train station, which is just 300m from BASE, provides fast and efficient links into London Liverpool Street in less than 40 minutes. Despite its close proximity and easy access to the City however, property prices in the town are considerably lower than in London and provide ideal investment opportunity. BASE is particularly appealing to investors as it offers the perfect combination of a top quality product in a prime location. We’ve seen rental yields at BASE of up to 7%, although investors who hold on to their property for a number of years can achieve yields of as much as 9%.”
Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern, comments: “BASE is attracting a variety of tenants, particularly young professionals, many of whom commute into London due to its position close to the train station as well as the high quality of the apartments. Investors have caught onto this combination and their investments are certainly being rewarded.
“To make things even easier for investors, we can offer them a furniture pack which includes flooring throughout the property, all light fittings, window treatments and a fully furnished home.”
BASE comprises a mix of one and two bedroom apartments with spacious, open-plan living. Many homes benefit from a balcony as well as large windows which fill the rooms with light and bring the ‘outside in’. Homes include fully fitted kitchens that feature a comprehensive range of integrated Bosch appliances including a fridge/freezer and washer dryer.
In addition to the train station, the development is just a short walk from the retail and leisure facilities in Brentwood, which include a wide range of bars, cafes and restaurants as well as major high street shops.
Prices at BASE start from £183,000 for a one bedroom apartment and from £215,500 for a two bedroom apartment. For further information about BASE, please contact the sales and marketing suite on 0870 757 8384 or visit www.crestnicholson.com/base.