Savvy investors looking for strong rental yields in the capital should look no further than Crest Nicholson’s Dylon Works development in Lower Sydenham. Once complete, this development will offer 223 properties, with homes at this popular development ready to move into now.
As an area, Sydenham provides potential for strong capital growth. In the SE26 postcode, prices have increased by 52.48% in the past five years, according to Zoopla*. This leafy corner of London is popular amongst those commuting to central London for work, with frequent trains into London Bridge in just 16 minutes, and Cannon Street in 25 minutes.
For those looking to invest, Dylon Works presents a fantastic opportunity. With potential gross rental yields of over 3.5%, alongside the excellent build quality, this development offers some of the best investment opportunities in the area.
Dylon Works comprises a collection of high-specification apartments, ranging in size from one to three bedrooms, each with underground private parking and access to communal landscaped gardens at the centre of the properties. These homes feature integrated Bosch appliances in the kitchen, and Hansgrohe taps and Roca sanitaryware in the bathrooms, demonstrating the high-quality finish at this development.
Crest Nicholson is also offering stamp duty contribution on selected plots at Dylon Works, which helps alleviate the high costs when buying a second investment property. For added peace of mind, all homes at Dylon Works include the 10 year NHBC warranty, and the first two years are covered by the dedicated in-house Crest Nicholson customer care team.
Alex Greaves Head of Sales at Marsh & Parsons New Homes says; “Sydenham presents great value for money and a real opportunity for buy to let investors. Sandwiched between popular locations such as Dulwich and Beckenham it has previously been somewhat overlooked.
“With an abundance of good schools, quick access into London Bridge in just 16 minutes, large green, open spaces and independent coffee shops and restaurants, as well as a popular summer arts festival, Sydenham is firmly taking its place on the map as a good value alternative to its nearby neighbours for both buyers and renters. With prices in the area rising nearly 10 per cent over the past year and with further predicted growth, a property at Dylon Works, situated right by Lower Sydenham Station, represents a fantastic investment opportunity.”
Sean Ruane, Sales and Marketing Director at Crest Nicholson London, said: “We’ve seen a huge amount of interest in this development from young professionals looking to be situated in this up-and-coming area of South East London, that offers affordable prices, excellent transport link and an abundance of open space, contrasting to the city centre.
“Homes at Dylon Works are selling fast, and with a recently launched new two-bedroom show apartment, we’d urge prospective buyers and investors to come and view first hand this excellent investment opportunity.”
Prices at Dylon Works start from £349,995 for a one bedroom apartment, or just £209,997 with Help to Buy London. To find out more, call 020 3437 1262 or visit www.crestnicholson.com/dylonworks