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St Martin provides the perfect choice for investors

19th February 2013 Print

Five star homebuilder Barratt is planning a dedicated event for property investors at its St Martin development in Looe.

The event will take place at the development on Saturday March 2 and Sunday March 3 and is designed for first time investors and those looking to boost their property portfolio.

“We offer a range of investment opportunities such as our showhome leaseback scheme and the opportunity for buy-to-let investments,’’ said Barratt sales director Lee Monk.

With a number of new developments throughout the region, Barratt currently has a wide range of showhome leaseback opportunities.

These come with a guaranteed yield of six per cent and under this option buyers have the opportunity to purchase the showhome at selected developments in the region and then immediately lease it back to the five star housebuilder for up to three years to use as a marketing suite.

“Rather than have to worry about untidy tenants, the investor knows that we will maintain the property in pristine condition,’’ said Lee.

And for those looking for a buy-to-let, Lee said the brand new option is proving particularly popular this year with Barratt’s five year warranty giving landlords total peace of mind.

The items which Barratt will cover at no extra cost to the buyer include kitchen units, the central heating system, doors, windows, drainage, the hot and cold plumbing system and even the driveway.

The five-year guarantee of fixtures and fittings in place at the time of purchase is in addition to the existing ten-year warranty on the structure of new homes and remains valid even if the home is sold on to a new owner.

Happy investors include Nick Faulkner who believes that property continues to provide an excellent return for his money and uses Barratt’s showhome leaseback scheme to boost his portfolio.

Nick has been investing with Barratt since 2009 with his first purchase an apartment in the south. This was quickly followed by the addition of a house and Nick then sold both properties and bought two further Barratt houses.

His portfolio has continued to increase with Barratt properties and Nick praised the approach from Barratt which helps investors such as himself. “It’s all very easy with Barratt and I’d definitely look to more purchases with them.’’

For details of current investor availability at St Martin and the event, log onto barratthomes.co.uk.