Bellway’s hot investment homes in Hackney
According to data from property website Move with Us, rental values for homes in east London have overtaken those west of the capital. Properties in Hackney have comparable monthly rental values to homes in Richmond upon Thames and other areas of west London of around £2,125 per month. Investors looking for an investment property would do well to consider Bellway Homes’ Pembury Circus development in Hackney. The east London development is less expensive to buy than a comparable property in Richmond, and when coupled with the potential rental yield Pembury Circus certainly is an attractive prospect to investors.
Pembury Circus, from Bellway Homes is part of an extensive regeneration scheme and is providing new homes for private sale, with studio, one, two and three bedroom apartments. The development is in an ideal location, just a few minutes’ walk from Hackney Downs and Hackney Central train stations, close to chic Dalston and Shoreditch.
Peter Knights, Sales Director of Bellway Homes Thames Gateway comments: “With potential monthly rental values of up to £1,850 for a two bedroom apartment at Pembury Circus, a significant number of investors have made purchases at the development. Investors can have an assurance that the properties comes with a 10 year NHBC guarantee and residents will enjoy the wider facilities available, including private gym, concierge service and residents’ roof terrace.”
The development is being brought forward in partnership with the Peabody Trust and a number of additional community facilities will be open for all residents, including a new community hub, IT centre, café, a nursery and children’s playground. There will also be several commercial units.
Currently available are a selection of homes in The Masque Apartments. The collection of one, two and three-bedroom apartments, all of which have a balcony or terrace offer a variety of practical and imaginative layouts. All the homes have spacious living rooms with open plan kitchen/dining rooms, ideal for entertaining and spending time with friends.
With a stylish specification, the properties include a fully fitted kitchen with contemporary units, matching upstands and integrated appliances, including oven, hob and fridge/freezer. Bathroom suites are crisp white with chrome plated accessories and wall and floor tiling. Flooring includes attractive carpets to all bedrooms and laminate wood flooring to the living room and hallway.
The master bedroom benefits from fitted wardrobes and each property includes a video entry system for added security. Master bedrooms include en-suites in all three bed and most two bedroom homes, an added benefit for tenants who share the apartment with a friend.
Investor are particularly attracted by Pembury Circus’ great location. The development appeals to young professional commuters, as it is situated within a two minute walk of Hackney Downs station, which provides access to London Liverpool Street Station in just eight minutes, where the Central, Circle, Hammersmith & City and Metropolitan Lines connect to the City. Hackney Central Overground station is also just a short walk away, with great links across London, east to Stratford and west to Richmond. The development is also served by an extensive bus network.
Not only is the development close to a vibrant range of boutiques, shops and street markets, it is also well served by an excellent nightlife, including the trendy restaurants, bars, cafés and music venues of neighbouring Shoreditch and Dalston. Shopping enthusiasts will appreciate the nearby Ridley Road Market, with great fresh fruit and vegetable stalls, whilst Westfield Stratford City, with its wide range of high-end retailers is a short train journey from home.
Starting prices for the Masque Apartments are £279,995 for a studio apartment, from £359,995 for a one bedroom apartment, from £494,995 for a two bedroom apartment and from £774,995 for a three bedroom penthouse apartment. For more information, visit pemburycircus.co.uk.
