Two beds are better than three for investors

According to a leading local lettings agent, Redrow’s brand new two-bedroom apartments in Bridgend are achieving the same rental incomes as older three-bedroom houses.

Karen Caddy, owner of Abode Lets in Bridgend, has successfully let a number of two-bedroom properties at Redrow’s Coed Castell development in Brackla and believes the sums add up favourably for investors.

She said: “We are achieving monthly rents of between £525 and £540 on these two-bedroom properties, which is similar to the average rental income achieved on an older three-bedroom property in the area.

“Redrow’s apartments have widespread appeal. Tenants like the fact they are brand new and have never been lived in, as well as their close proximity to the M4 motorway for commuters and also Bridgend town centre. They have proved popular with young single professionals sharing a home as well as couples.”

With brand new two-bedroom ‘Argal’ style apartments reduced from £136,995 to just £114,995 they are sure to appeal to local buy-to-let investors as well as first time buyers, young families and downsizers.

The development’s fantastic location – having the perfect balance of accessibility to towns and cities, whilst a short drive from the beautiful Welsh coastline – is a big selling point and Redrow anticipates its popularity will keep rising

The village of Brackla has a choice of pubs and leisure facilities, whilst nearby Bridgend has a host of amenities available to its locals – from doctors and dentists, to family-friendly pubs and stylish wine bars – something that will suit everyone.

The village also has several excellent schools nearby – both English and/or Welsh speaking – and is only three miles from the fantastic McArthur Glen retail shopping outlet.

The marketing suite at Coed Castell, off Coychurch Road, Brackla is open daily from 10am to 5.30pm. For further information go online at Redrow.co.uk.