With property prices in Cambridge predicted to rise by over 23 per cent in the next five years, canny investors are taking a long term view, investing in property in the city primarily to benefit from capital appreciation. Good rental yields are proving an additional benefit while they wait for their investment to mature.
Investor Fiona Brown, 36, from Market Deeping in Lincolnshire, decided that in the absence of a pension, property offered her the best return long term and Crest Nicholson’s Kaleidoscope development in Cambridge was the place she chose to invest.
Fiona, Director of her family motorsport engineering business, comments: “I don’t currently have a pension and, given market conditions, I believe that at this moment in time, investing in property will give me an excellent return and provide a nest egg for my future. I have a friend who lives in Cambridge who had told me how property prices were continuing to rise in the city, so I did some research, saw the market predictions and then went to have a look around to see if it fit the bill for me.
“I already own a second hand property in Hertfordshire which I rent out, and my experience there led me to decide that my next investment would be a newly built property, as there would be no maintenance required which, given I don’t live in Cambridge, was really important for me.
“When I visited Kaleidoscope I was immediately impressed on several fronts. The development is well located, very close to the city centre, yet it retains a certain tranquillity which I felt would be attractive to tenants. The size and layout of the apartments and the high specification and finish helped me quickly make my mind up. I bought a two-bedroom apartment and I haven’t been disappointed. The rental market in Cambridge is extremely buoyant and I let the apartment almost immediately to a young professional couple. I’m convinced that in the long term, my investment will really pay off.”
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 offer the high specification associated with Crest Nicholson and come with parking spaces available to purchase, and a private landscaped area for residents to enjoy – both a rarity in a city location.
Kaleidoscope boasts a location on the newly launched guided bus route in Cambridge, which offers fast and simple access both into the town centre and to the train station. 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.
At Kaleidoscope, one-bedroom apartments are available from £295,000 and two-bedroom apartments are available from £387,000. 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.crestnicholson.com/kaleidoscope.