Alastair McKee, who is a director at One 77 Mortgages in Corsham, is now the proud owner of a one-bedroom apartment at Crest Nicholson’s Bath Riverside development which he bought as an investment.
Having advised numerous house hunters on buying at the development, Alastair has seen first-hand the remarkable transformation of what was a derelict eyesore into one of the country’s best inner-city regeneration projects that has provided a place where the people of Bath can now live.
And with properties at the waterside development selling fast spurred Mr McKee to secure his own property before it was too late.
Once he and his partner spotted the property they wanted, they were very soon the new owners of a brand new apartment which has already been let.
Alastair said: “I’ve advised lots of people and helped them buy at Bath Riverside so know the development very well. The fact that so many others were benefitting from this fantastic new development made us think that we wanted to be part of it.
“It’s a very impressive site and the build quality and location all add up to an attractive proposition.
“After speaking with my partner we then decided to look at potential investment opportunities of our own and went for a one-bedroom apartment in the Highgate phase which we thought would give us a good return.
“Three weeks after we had exchanged the property was occupied and is a good indication of the development’s popularity.
“There are a number of factors that sets Bath Riverside apart and is why it appeals to people wanting to live here. It’s very close to the city-centre so residents can easily walk to work, the shops or to catch a train.
“The specification is also of a very good quality and because the properties are new means there is very little to do as a landlord.
“Working in the property sector I wanted something that would not only prove attractive to potential tenants, but give a decent capital appreciation over time. I’m delighted with the purchase.
“Having bought a property at Riverside proves that I have faith in the product I’m often advising on which, judging by recent sales shows that people like what they are seeing.”
With the property already let, Mr McKee is now advising others looking to do the same to act now especially as they can expect a yield of around 5.1% and capital growth of 8% based on performance over the last two years.
On the site of the famous Stothert & Pitt, Engineers and Founders, the 44-acre development has been described as being the most important project the world heritage city has seen for more than 100 years, providing new homes and facilities that better reflects the needs of the city.
Helped by the mix of property styles, types and sizes as well as the private courtyards, landscaped seating areas and contemporary design, it has attracted an assortment of buyers from first timers, downsizers and professional couples.
The landscaped riverside, which has now been completed, leads down to a newly constructed riverside walk and has opened up the area allowing for easy, traffic-free, access to the city centre and for the public to experience and enjoy.
For further information please call 0845 8945 888 or visit http://www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.