Following the recent news that one in three Britons expect property to form part of their retirement income and that 44% do not consider a pension a retirement funding source*, Crest Nicholson’s buy-to-let incentive at its BASE development in Brentwood is set to prove popular with investors, especially younger purchasers looking to invest in their future.
For the first two years following purchase, Crest Nicholson is offering investors to top-up rental yields to 7% across the mix of contemporary one and two-bedroom apartments**.
Adam Johnson, Lettings Manager at Beresfords, in Brentwood, comments: “We’ve seen an increase in the number of investors in Brentwood over the past few years. Those who have come-of-age amidst the financial crisis are finding investing in property a very appealing option having in some cases watched their parents and grandparents lose money in pension funds. Investors are attracted to the Brentwood buy-to-let market due to a combination of low interest rates, competitive mortgage finance and strong rental demand.
“Brentwood is an ideal location in which to invest. With a high proportion of young professionals who commute to London but are keen to avoid the city’s high rental prices, demand for rental properties here remains consistently high.”
Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern said: “We have sold a high number of apartments at Base as buy-to-let investments. The homes are extremely popular with both investors and tenants who are keen to avoid the issues that can often occur in older properties, such as boilers breaking, electrics needing rewiring and windows requiring replacement.
“The brand new, contemporary, well-designed and attractive apartments together with the superb location right next to Brentwood Train Station and close to the town centre have proved a winning combination. With the guaranteed 7% yield for the next two years, properties represent very good value for money and a sound investment.
Providing an excellent choice for investment, Base is situated fewer than 500 metres from Brentwood Train Station with regular services running into London Liverpool Street in just 38 minutes. The development is also 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.
BASE properties come complete with fully fitted kitchens featuring a comprehensive range of modern integrated Bosch appliances including a fridge/freezer and washer dryer; reducing the upfront costs for any investor.
For further information about the information day or investing at Base, please contact the sales and marketing suite to speak to a sales advisors, or alternatively call 0870 751 3594 or visit www.crestnicholson.com.
** Incentive available for a limited time only on specific plots only