Apartments in Farnborough are a good investment says agent

Demand for rental properties in Farnborough means new Redrow apartments in the town are proving popular with buy to let investors.

According to Chilli Lettings savvy buyers are choosing to invest in apartments at Farnborough Central rather than in the capital. They are seeing a good return for their money thanks to a combination of the high specification and the location, which in turn is attracting tenants.

Ben De Rossa, lettings manager at Chilli Lettings, explains: “Investors have been renting out apartments at Farnborough Central through us for more than three years and in that time we have let out more than 100 properties. We have only had three tenants move out so the fact that people are staying is good for our clients as they are guaranteed an income from their investment. There’s a real demand for the apartments, which wouldn’t be there if the standard wasn’t so high.”

According to Chilli Lettings, two-bedroom furnished apartments at Farnborough Central can generate rental yields ranging from £1,250 to £2,000 a month.

“For an investor the figures more than add up as they can get a hefty return for their money,” Ben added.

“We have a good reputation as a corporate lettings agent which means we sit well alongside Redrow who are known for building quality homes. The finish of the apartments at Farnborough Central makes them appeal to investors as they know they won’t have to worry about repairs or maintenance issues.”

For those who want their money to work for them rather simply leave it sitting in the bank, there are still opportunities to invest in apartments at Farnborough Central.

Current availability includes one and two-bedroom properties, with prices from £155,950.

Julie Davies, area sales manager for Redrow Homes (South Midlands), said: “The rise of ‘generation rent’ has created an opportunity for buy to let investors. As rents continue to increase in line with demand, we’ve experienced an influx of people who want to purchase properties and let them out to tenants. One of the things investors tell us they like about our apartments is that they include many of the essentials their tenants want and need from a home. These include integrated top brand name kitchen appliances such as fridge freezer, oven, hob and extractor plus washer-dryer.”

The apartments at Farnborough Central are being built on the historic site of the former Royal Aircraft Establishment, with some homes enjoying views over the open space of the airfield.

There’s wealth of amenities nearby at IQ Farnborough, including a cafe, crèche, four-star hotel and leisure complex. Plus with trains from Farnborough Central reaching the capital in around 45 minutes, it’s a great base for commuters.

To discover more about buying an apartment at Farnborough Central visit the sales office, open daily from 10am to 5.30pm.

For details of the latest availability and pricing, see redrow.co.uk/farnborough.