Crest Nicholson advises property investors to act now
Crest Nicholson is encouraging potential investors to consider the rental returns they could receive if they bought a property in the heart of the historic Gloucester Docks. The Quays area is about to see further re-development, which is predicted to bring even more people into the city centre, so now is a prime opportunity to consider making a property investment in this up and coming part of Gloucester.
Investors who purchase a buy-to-let property in the city centre can currently expect to see a six per cent return* from a one bedroom apartment at Merchants Quay. Making an investment at this Crest Nicholson development could help to build an existing property portfolio or provide a regular additional income, which is enticing for those who are keen to make their money go further in this tough economic climate.
The docks has become a thriving part of the city following the recent regeneration and properties at Merchants Quay have proven to be particularly popular with buyers, as more than half of the apartments have already been purchased. With rental yields currently estimated at an annual return of £6,900* for a first floor, one bedroom Stern apartment, investors should move quickly if they want to buy a property at Merchants Quay.
Amanda Benjamin, Sales Manager at Crest Nicholson South West, commented: “There’s never been a better time to invest in a property, as it means you can take advantage of good rental returns and enjoy the opportunity for long term capital growth. In addition, the attractive property prices and low interest rates make buying even more affordable.
“The remaining one bedroom apartments at Merchants Quay are now available from just £99,950* (FirstBuy price), making it even easier to buy property by the water for less than £100k. Our award-winning sales team are on hand to talk to potential investors about the benefits that buying a property at Gloucester Docks can bring.”
Merchants Quay offers buyers a range of modern one and two bedroom apartments, which feature spacious open plan living areas, with the duplex apartments offering additional, contemporary mezzanine living space. Furthermore, many offer stunning waterside views, which provide the perfect backdrop to relax and unwind after a busy day.
Prices at Merchants Quay currently start at £99,950* (FirstBuy price) for a one bedroom Stern apartment. For more information about the properties and the packages available at the Merchants Quay development, visit crestnicholson.com.
* Estimated rental yield sourced by Naylor Powell.