Summer completions makes for appealing investment at Bath development
July completions at Bath’s leading new property development will provide canny investors an ideal opportunity to make the most of favourable rental conditions in the world heritage city.
The rental market in July and August has historically been extremely buoyant in Bath when potential occupiers – including international students starting their studies at the city’s two universities – look in earnest for somewhere to live, and the attraction of living in a brand new property has not gone unnoticed by potential investors.
The sales team at Crest Nicholson Regeneration’s Bath Riverside are now advising those looking to put their money in bricks and mortar to consider the development which, with its central location and high-end spec, has appealed to tenants looking for somewhere suitable to live.
Availability at the award-winning development currently includes a selection of one and two-bedroom apartments in Alexandra House, often seen as the preferred choice for investors.
The urgency to act now has been heightened further by the fact that the Alexandra House apartments are set to be the last properties of this type for at least two years, so anyone thinking about investing are being advised to do so before it’s too late.
Christine Hamilton, Crest Nicholson sales advisor said: “July and August has traditionally become a peak time when potential tenants look for somewhere to live. This ties in perfectly with completions in Alexandra House.
“Bath Riverside also offers investors the best opportunity in the area, consistently delivering higher returns than any other development.
“The properties available are ideally suited to today’s typical tenant and its central location is also ideal. The fact that a lot of the apartments in Alexandra House are earmarked for July completions now presents the perfect blend for investors.”
Christine is also keen to point out that those looking to invest see new properties as the preferred option as, unlike older properties, they don’t come saddled with hefty maintenance bills.
With yields being as much as 20 per cent higher in new properties than old, void periods much shorter and maintenance costs lower, buying a new property at the development makes for a very attractive investment package.
It also helps generate an income as well as a steady investment through capital appreciation.
Christine added: “Much of the existing rental property in surrounding residential areas has long since been snapped up by existing and first-time landlords, with many traditional family homes having changed to houses in multiple-occupation.
“With Bath Riverside being the most significant property development in the city, it is not surprising we are attracting investors who are looking at new build for letting opportunities right in the centre of town.”
“Striking now would mean getting the most from the investment not only in terms of potential equity, but future rental returns.”
For further information please call 01225 463517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.