Tenancy demand is ensuring that the buy-to-let sector is once again attractive to investors. According to a recent report published by the Association of Residential Letting Agents (ARLA), more than 8 in 10 ARLA members were able to register a minimum of 10 tenancies over the past quarter (July to September). This confidence in the buy-to-let market is evident at Welland Quarter, a new development in Market Harborough, Leicestershire, which has attracted a number of residential investors since its launch at the beginning of October 2009.
Situated in the heart of Market Harborough, opposite the mainline railway station, Welland Quarter offers a particularly attractive investment, with huge letting potential and anticipated yields of 3-5.5%, currently a better return than traditional investment products.
Jill Griffiths, Associate Partner, of estate agent, Andrew Granger & Co, comments: “We have had a lot of interest from investor landlords, who perceive the location, range of properties and low maintenance specification to be of real benefit to tenants, ticking all the boxes of their requirements, and therefore offering excellent letting potential. No other local development provides so much choice or individuality. Many investors also recognise the possibility for excellent asset appreciation because of its unrivalled location, as well as proposed future plans for the site which include a nursery and restaurant/retail complex. All of which ensures that Welland Quarter will become the key residential area of the town in the very near future.”
Built by St Mary’s Developments, a subsidiary of renowned London developer, BMB Property, Welland Quarter offers a range of studio, one and two bedroom apartments with secure underground parking, set in landscaped communal gardens leading down to the River Welland and Millennium Mile pedestrian walkway. Market Harborough town centre, a beautiful historic town with a Georgian market square, can be reached on foot within 10 minutes alongside the Millennium Mile walkway. The development also benefits from secure underground parking. The mainline railway station opposite provides regular direct services to London St Pancras in under an hour, and to Leicester city centre within approximately 20 minutes.
All apartments come with premium fixtures and fittings and a complete range of integral appliances such as Baumatic electric oven, hob and extractor hood, fridge / freezer and a washer / dryer. Bathrooms are elegantly finished with stone ceramic wall and floor tiling, Villeroy & Boch sanitary ware, Hansgrohe fittings and energy efficient lighting.
Each apartment also features communications infrastructure for Sky+, broadband and telephone services, and for safety, there are video entry systems, as well as a home sprinkler fire suppression system.
Prices at Welland Quarter start from £99,950 for a studio apartment, £125,000 for a one bedroom apartment and from £160,000 for a two bed apartment. There is a full estate management service by Qube, so landlords do not have to take care of managing the properties themselves. For further information or to register your interest, please call Andrew Granger & Co on Tel: 01858 431 315 or visit www.andrewgranger.co.uk
ENDS
Editor’s Notes
St Mary’s Developments is a subsidiary of BMB Property, one of the largest niche developers in the prime central London market, specialising in the purchase, development and resale of high-value residential property. Founded in 1992, BMB has established a reputation for a unique and highly desirable product, and has bought, developed and sold in excess of £700 million worth of property, including landmark developments in Kensington, Chelsea, Mayfair, Notting Hill and Knightsbridge.
BMB is managed by a highly experienced team of in-house property professionals. The Group is run by a small team of Directors, all of whom are directly involved in the business and benefit from many years of successful activity; predominantly in the Prime Central London market. For further information, please visit: www.bmbproperty.com
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