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Buy-to-let with Miller Homes

19th October 2012 Print
Miller Homes City Quay

Buy-to-let is becoming an increasingly attractive offer as many investors turn to new build developments to add to their investment portfolio. Miller Homes, the 5 star housebuilder is receiving more interest from potential investors at its Varcity North and Varcity South developments in Edinburgh and City Quay in Dundee.

With the number of people renting private properties in Scotland almost doubling over the past five years, the rental market is buoyant and, in the current lending climate, is likely to remain this way for some time.

With large student populations, Edinburgh and Dundee will continue to see an influx year on year on those seeking to rent, and the investment return in these areas is more profitable compared to some other traditional investment deals.

Anne Marie Britton, Sales Director at Miller Homes East said: “The current stringent lending climate is making buy-to-let an attractive proposition for investors. We are seeing a variety of buyers, from those who are buying a one-off flat, through to grandparents investing in their grandchild’s education by buying their student accommodation and at the other end, established investors snapping up multiple flats in each development.

“A good quality furnished property, with a good tenant, can command a rental figure that gives investors a 5% return. Miller Homes also offers a range of incentives, including furniture packs, equipping new investors with all they need to get into this growing market.

“Savvy investors, looking for a longer term commitment can be confident that the rental market, with the right property, can offer steady capital growth.”

Varcity South, Miller Homes’ flagship development in Edinburgh offers a range of stylish one, two and three bed apartments which are unashamedly targeted at people looking for chic homes that offer the ultimate in luxurious, contemporary living in one of the best city locations. Prices start from £149,999.

Varcity North is an eclectic mix of 209 one, two and three bedroom apartments. Purchasers to date have included first time buyers, investors, downsizers and those looking for a quality city apartment, in a good location and at a competitive price. Prices start from £124,000.

Both developments are ideally located minutes from Edinburgh’s trendy Shore area with its cosmopolitan mix of bars, restaurants and shops. Princes Street and the old town are also within easy reach by road with regular buses to and from all parts of the city.

City Quay in Dundee is one of Miller Homes newest developments and has one of the most stunning sceneries. Each of the stylish 58 two and three bedroom apartments have views either overlooking the River Tay, or the dock that is home to the frigate HMS Unicorn.

Prices start at £124,000, making City Quay popular with both first time buyers and investors. Moments from restaurants, cafes and the popular City Quay Designer Outlet, the development is within convenient reach of the road and rail network and only a short distance from the centre of Dundee.

City Quay is part of the regeneration of the city which was named the UK's 'best place to work in academia' (2010, 2011) by The Scientist Magazine. The concept behind the redevelopment of Dundee’s waterfront is to extend the city centre down to the Tay, transforming it into a world leading destination for visitors and businesses alike.

For more information, visit millerhomes.co.uk.

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Miller Homes City Quay Miller Homes Varcity North Miller Homes Varcity South