The newest edition to Bath’s skyline has captured the imagination of house hunters looking for somewhere to live, with six apartments being sold within an hour of them being released for sale.A unique collection of luxurious apartments, Sovereign Point is the exciting new phase at Bath Riverside. Overlooking the River Avon, it comes hot on the heels of its sister building Royal View.
The launch of this stunning new phase has already stoked up the Bath property scene which is bereft of high-quality, new properties and provides those who missed out on Royal View the chance to secure a brand new apartment that’s within a 15 minute walk of the bustling city centre.
Comprising 52 apartments, Sovereign Point includes 10 one-bedroom, 39 two-bedroom and three stunning two-bedroom penthouse apartments.
And while the property market in Bath struggles, the unprecedented sales success goes against current market sentiment fuelled by a range of people buying at the multi award-winning development. This includes first time buyers who are making the most of the Government’s Help-to-Buy scheme, and those looking to invest in property.
Through Help to Buy the Government will lend up to 20 per cent of the value of the property through an equity loan. This means the purchaser will have to pay just 80 per cent the cost of the property – made up of a 75 per cent mortgage and five per cent deposit.
The scheme gives people on all stages of the property ladder the opportunity to purchase a new home whether it’s a first time buyer or second steppers.
For investors, strong yields and excellent capital growth makes new build properties the vehicle of choice for those looking to place their money in bricks and mortar, with Bath Riverside in particular being the only real option.
Strong demand for high-quality rental accommodation in the city has also resulted in a shortage of property for those wanting something of a superior standard.
With local letting agents appealing particularly to owners of new apartments to come forward with potential lets, is now expected to make Sovereign Point the focal point for those looking to buy as an investment.
Danielle Simpson, sales manager said: “Bath hasn’t experienced a launch like this for many years and indicates people’s appetite for high-quality, well-located new homes is strong.
“Royal View has all but sold out within less than a year after being released and if initial sales at Sovereign Point are indicative of what’s to come then anyone thinking about buying will need to act quickly.”
To register interest for Sovereign Point and to make an appointment please contact the sales and marketing team on 01225 463517 or visit www.crestnicholson.com/bathriverside
The marketing suite on Victoria Bridge Road is open daily from 10 am to 5pm.
