Properties available at Crest Nicholson’s Centenary Quay development in Woolston are now offering investors rental yields of up to 6%. Combined with the prediction that Southampton will have one of the fastest growing property markets in the UK over the next five years, this incline certainly looks set to continue.*
Since the launch of Phase Three at the riverside development, Centenary Quay has seen an expanding portfolio of first-time and seasoned investors choosing Southampton due to the increasing number of young professionals looking for long-term lets in the city. The apartments, which start from £150,500, are an ideal low-maintenance option and investors can keep their costs to a minimum thanks to Crest Nicholson’s two-year warranty and 10-year NHBC warranty.
This February, Centenary Quay is hosting its first events designed exclusively for potential investors. To be held on Thursday 12th and Saturday 14th February, the events will provide an opportunity for anyone who is interested in a long term property investment to see the development first-hand. The event starts at 5pm on the 12th, and from 10am on the 14th, in the Sales and Marketing Suite, with formal presentations starting at 6pm. Property experts from Lettings Direct and New Homes Mortgages will discuss the benefits of investing in Centenary Quay and attendees will also have the opportunity to chat one-to-one with them for professional advice on their potential investment.
Richard Fowler, Managing Director from Lettings Direct, commented: “Demand for property in the maritime city is at an all time high and this is only set to continue as the regeneration of Southampton progresses. Property is one of the most secure and lucrative investments and Centenary Quay offers a range of high quality apartments with an excellent return on investment based on 75% loan to value. Rental yields are currently at 6% and also provide great long term growth potential as the development becomes more established.”
Based in the flourishing Woolston area, Centenary Quay has a selection of one, two and three bedroom apartments available. The Keppel & Austen apartments, part of the Meridian Circus complex, surround the retail hub of Centenary Quay and provide far-reaching scenes over Southampton. Alongside the apartment complex sits the newly opened YMCA Nursery and the soon to be opened Morrisons supermarket.
Susan Young, Sales and Marketing Director at Crest Nicholson, said: “Southampton is a thriving city and, with property demand set to increase, so too will Centenary Quay’s appeal - with its waterside, central location. Anyone looking to make the most of Southampton’s lucrative market should join us at one of Centenary Quay’s investor events.”
For more information or if you would like to attend one of the events, please contact the Sales & Marketing Suite, off Victoria Road, Woolston, Southampton SO19 9EG on 0870 758 0432 or visit www.centenaryquay.com. Properties will also be available through the Help to Buy scheme.
*Rightmove, October 2014