Bath bound downsizers who are not quite ready to leave the family home but want to secure the ideal property for their future or those looking to invest on the back of poor returns from traditional channels, can do so at Bath’s leading new property development.
Offering a host of benefits, buying something now at Crest Nicholson’s Bath Riverside will not only secure one of the exclusive river side properties, but potentially provide capital growth and the opportunity to enjoy a rental income.
For those looking to downsize, the idea to secure now a property that better fits their needs, while giving them time to sort through what to perhaps keep or give away, is an ideal solution for those getting ready to ‘rightsize’.
Marcus Evans, sales and marketing director at Crest Nicholson, agrees and says it could fit a lot of people’s plans who weren’t quite sure how or when they would get the ball rolling.
He said: “The idea to downsize, or rightsize as we prefer to call it, is often triggered by the fact that children have grown up and left the family home. This then leaves mum and dad with more room than they perhaps need.
“And although the idea of trading down is not a new one, the benefits it brings do outweigh any preconceived disadvantages.
“Whatever the reasons, ‘rightsizing’, is seen as a great way to change the way people live, often leading them to appreciate more the possessions that they do have rather than worrying about what they don’t.
“Securing the right property now offers a real peace of mind, as they know where they will go when the time is right. To be able to generate rental income in between the time they buy and eventually move is a real bonus.
“The low maintenance properties currently for sale are also perfect as a lock up and leave, allowing owners to perhaps enjoy time away safe in the knowledge their home is secure.”
With Bath being listed by Rightmove as one of the five highest growth areas outside of London, will also appeal to those looking to invest in property.
Marcus added: “Bath Riverside has benefitted from considerable high-flying gains since the first properties were sold over five years ago where comparable properties to those currently for sale have increased in value by up to a whopping 39 per cent over an 18 month period*.
“There are also many reasons why someone who is interested in investing in property might choose to look at a new building. The most obvious is that they can expect there to be virtually no initial maintenance costs - always a tremendous benefit for a landlord.
“Also, the first impression made on potential tenants of an immaculate new building is likely to be very favourable.”
Current availability includes a unique collection of luxurious apartments on the new phase called Royal View. Located next to the historic Victoria Bridge, it comprises 45 apartments including eight one-bedroom, 34 two-bedroom and three stunning penthouse apartments.
With 60 per cent of properties now sold, those considering buying in this particular phase will need to act quickly.
For further information on penthouse apartments at Bath Riverside 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.
* Figure quoted from January 2016 to June 2017.