Local regeneration development, Centenary Quay in Woolston, is continuing to excite local investors as Southampton’s position as a UK rental hotspot grows. Richard Fowler, Director, Lettings Direct, has spoken out in support of the Woolston developments’ offering to would be investors.
According to industry experts Southampton is expected to have one of the fastest growing property markets in the UK over the next five years*, and offers one of the highest rental yields in the country according to new data**.
Located on the banks of the River Itchen, Centenary Quay has transformed the Woolston area in Southampton from a disused stretch of riverside into a bustling residential community. Comprised of stylish, contemporary new one, two and three bedroom homes finished to high specification, the development offers investors a low-maintenance investment thanks to Crest Nicholson’s two-year warranty and 10-year NHBC warranty.
Speaking about Centenary Quay and the Southampton rental market, Richard Fowler, Director, Lettings Direct, explained: “Centenary Quay has never failed to disappoint investors offering great yields and minimal void periods. As one of the leading Letting Agents in Southampton we work with most of the blocks of flats in Southampton, but nothing really excites us as much as Centenary Quay - it’s one of the most sought after new developments we have had for a very long time.
“The development boasts large room sizes, balconies, parking and water views with most apartments and this combined with the extremely high level of finish has made it extremely popular with a wide range of tenants, from young professionals to retired couples and company lets to corporate relocations, it is one of the most diverse developments we know.
“As an experienced property investor myself, Centenary Quay ticks all the boxes as it offers very good yields, minimal void periods and excellent capital growth prospects with a development that has still plenty of exciting phases in the coming years, including a range of retail and restaurant outlets - it really has put Woolston on the map.”
Susan Young, Sales and Marketing Director at Crest Nicholson, said: “We are delighted that Centenary Quay is receiving positive backing from a number of local experts, including Richard Fowler at Lettings Direct. The multi-million pound investment in Centenary Quay has completely rejuvenated the waterside location and provided residents with breath-taking views, a central location and access to traffic-free riverside walkways. With this combination, it is no surprise the development is proving popular for both homeowners and renters.
“In 2016, shops, cafes, bars, restaurants and a new supermarket are due to open on site, which will only increase appeal amongst those looking for the ultimate waterside destination in Southampton.”
Existing buy-to-let investors in Centenary Quay currently receive gross rental yields of up to 6.1%. Three bedrooms are currently available in the Austen apartments, part of the Merdian Circus complex, which surround the retail hub of Centenary Quay.
Centenary Quay currently has a selection of three bedroom apartments available starting from £285,000. For more information, please contact the Sales & Marketing Suite at Austen Heights, Centenary Plaza, Southampton SO19 9UE on 0870 758 0432 or visit www.centenaryquay.com.