Cambridge has been featuring regularly in the recent news agenda, with it becoming a new ‘hotspot’ for 2011*, the University being voted one of the best in the world** and of course, the most famous royal couple right now being gifted the title of Duke & Duchess of this prestigious part of the country. So if it’s good enough for Kate and Wills, why not snap up a stylish new home at Crest Nicholson’s Kaleidoscope development in the heart of the city?
Buy-to-let investors are being offered a great opportunity to make a fantastic profit with Crest Nicholson. Recent rental apartments at the Kaleidoscope development have been achieving yields as high as 7%, but for those that don’t and if you purchase before the end of July, Crest will make up the difference.
Toby Greenhow at Savills Estate Agents says: “The demand to live in Cambridge is growing, thanks in part to the popularity of the University and the publicity generated by the Royal Wedding. We are certainly seeing a huge increase in both overseas and British investors purchasing buy-to-let properties. Last year, 58% of new homes in the area were sold to investors and Cambridge was second only to London in levels of overseas investor activity.
A recently launched, stylish new show apartment now offers viewers the chance to see what a home at the development can offer. The two-bedroom apartments at the Magenta Building, which are now available to move into, offer spacious, open-plan living and benefit from large windows which flood the space with natural light. The master bedroom comes complete with a built-in wardrobe and many of the apartment designs features an en-suite bathroom, in addition to the main bathroom. The apartments come complete with a private balcony which offers great views of either the city or the development’s landscaped, communal gardens.
Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern, comments: “Kaleidoscope appeals to a variety of tenants interested in living in the city centre, mainly due to the great location of the development, the high quality of homes on offer and the close proximity to superb transport links. Investors have caught onto this fantastic opportunity and with these high rental yields and prospects for good capital growth; their investments are certainly being rewarded. The development is situated in an ideal location from which purchasers can enjoy everything the city has to offer. As well as being a short walk from local amenities and the train station, a new guided bus route launches on the 7th August, making the journey to the station and city centre even quicker.”
Homes at Kaleidoscope combine a bright contemporary exterior with a classic and stylish interior, dispersed across 11 architecturally unique apartment buildings and courtyards that are linked by a sequence of shared spaces. All apartments meet the high specification associated with Crest Nicholson and come with parking spaces available and a private landscaped area for residents to enjoy – both a rarity in a city location.
Kaleidoscope is ideally located in central Cambridge, close to bars and restaurants as well as Addensbrooke’s Hospital, the Science Park and the Colleges. The development is also located within 2.5 miles of the Bio Medical Park which is currently under construction
Cambridge boasts excellent travel links; Cambridge Railway Station is just five minutes from the scheme and provides a non-stop service to London Kings Cross in just 45 minutes. Alternatively, the M11 is just three miles away providing a swift route to Stansted Airport and the motorway network beyond.
Prices at Kaleidoscope start from £309,000 for a two-bedroom apartment. For further information about purchasing a home at Kaleidoscope please contact the Sales and Marketing Suite on 0870 757 8186, which is open daily from 10am to 5pm. Alternatively, visit the website www.kaleidoscopecambridge.com. For disabled access please call the marketing suite prior to your visit to make an appointment.