Regeneration development brings investment to Southampton
Upcoming launch of 3 bedroom homes at Centenary Quay sees investor interest grow
The regeneration of Itchen Riverside at Centenary Quay in Woolston is continuing to draw interest from local investors as Southampton’s reputation as a key UK rental hotspot grows.
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 Barclays financial data**.
As of Saturday 7th May Centenary Quay is releasing just eight three bedroom houses available to buy from £285,000. The development is continuing to draw praise from a number of local property experts, including Richard Fowler, Director, Lettings Direct, who has commented on the development’s attractiveness to potential investors.
Commenting on the Centenary Quay development and the wider Southampton investment market, Richard explained: “Southampton is a city on the up in terms of rental demand and Centenary Quay is a great example of investment in the city that is encouraging growth.”
“The latest three bedroom homes at Centenary Quay boast large room sizes, stunning kitchens, parking and a great waterside location. All this, combined with the extremely high level of finish that has made the development extremely popular with a wide range of tenants, from young professionals to retired couples looking to downsize.”
“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.”
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.
Mary Timlin, Sales and Marketing Director at Crest Nicholson, explained: “It is very exciting to see Southampton and Centenary Quay causing so much excitement in the rental and investor market. The multi-million pound investment in Centenary Quay has completely rejuvenated the waterside location and provided residents with breathtaking 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.”
Centenary Quay is launching a selection of three bedroom houses starting from £285,000 on the 7th May. For more information, please contact the Sales & Marketing Suite at Austen Heights, Centenary Plaza, Southampton SO19 9UE on 02380 441746 or visit www.centenaryquay.com.
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*Oxford University and Rightmove, October 2014
**Barclays, July 2015