Buy to let investors could be in for a great return
With a number of buy-to-let purchasers already snapping up Redrow apartments in Tonbridge, other would-be investors who choose to join them could see a higher yield on their savings.
The one and two-bedroom apartments at Cannons Wharf, located close to the banks of the River Medway, offer the ultimate in tranquil living in a sought-after setting.
Many buy-to-let investors have already purchased and successfully let out apartments at the venture and there’s still time for others to share in their success.
The stand out benefits for investors are:
Yields of up to 5.5%
Ten-year NHBC Buildmark Warranty
Two-year guarantees on all appliances
Carpets and flooring included
Walking distance to the train station
Close to the town centre; shops, cafes, restaurants and Waitrose supermarket
Ready to rent out immediately
Laila Walker, sales manager at estate agents RPC New Homes, believes Redrow’s apartments at Cannon’s Wharf are a solid choice for investors thanks to the winning combination of prime location and a great specification.
“The investment potential of the apartments is strong,” she said. “With current interest rates, investment in these properties could provide clients with a far better yield than savings in the bank. Based on the predicted rental values, a yield of up to 5.5% is possible.
“They are within walking distance of the town centre and train station, so they appeal to both local renters and commuters. For people working in London, there are direct rail services within 45 minutes.
“In addition, being brand new is a huge plus when looking to secure tenants straight away. Occupiers will love the contemporary fitted kitchens and bathrooms while the property owners will be safe in the knowledge they don’t need to spend time on money on renovations and the apartment is covered by a 10 year NHBC Buildmark Warranty.”
Based on previous values achieved at Cannons Wharf, RPC New Homes estimate the rental value of a one-bedroom apartment, priced from £151,995, is up to £800 a month and for a two bedroom apartment, priced between £194,995 and £224,995, is between £850 and £950 a month.
Kerry Jenkins, sales manager for Redrow Homes (Eastern), added: “With a proven track record of providing investors with a constant and continual income, the apartments at Cannons Wharf are a fantastic choice for those buying to let. If you calculate the current rentals that are being achieved at the development, there is potential for cash investors to get a higher return on the savings than if they leave their money in the bank.
“The quiet location of the development close to the town centre and train station is the stand-out feature and the high internal specification of the apartments ensures they appeal to discerning professionals.”
Properties are ready to move into and come fully carpeted. Designed for modern living, most homes offer open-plan living areas and all have fabulous fitted kitchens with an array of appliances included, plus clean and contemporary bathrooms with white suites and high quality fixtures and fittings.
Cannons Wharf offers commuters an ideal retreat from the hustle and bustle of city life, within easy reach of the M25 and M20 via the A21, providing great links to London and the coast.
Tonbridge town centre, with all its amenities including shops, cafes, restaurants and supermarkets, is just a short walk away.
For more information visit Cannons Wharf on Medway Wharf Road, where the sales office and show homes are open daily from 10am to 5.30pm. Alternatively, log on to redrow.co.uk/cannons.
