Investors reap rental rewards in Yeovil

Leading housebuilder Barratt Homes has highlighted Yeovil as one of the region’s buy to let hotspots with investors benefitting from some of the best yields in the area.

Increasing numbers of people working at Westlands and the NHS locally have contributed to the buoyant rental market with this trend looking set to continue.

Barratt Homes sales director Sara Parker said homes at its Wyndham Park development appeal to a wide range of buyers – with investors particularly active at the moment.

“We are seeing demand from both new and experienced investors looking to capitalise on the influx of people in Yeovil, and the low interest rates currently available on buy-to-let mortgages,’’ she said.

The five star housebuilder has been working closely with local estate agent Connells to help meet demand from the rental sector and its lettings manager Loi Cam said that new homes in particular are in high demand with those looking to rent.

“At the moment yields are up to 10 per cent on some properties which represents an extremely good return,’’ said Loi. “The corporate market has huge requirements for homes in Yeovil and they are looking for brand new homes for tenants.’’

He said new homes have the advantage of everything being brand new, they portray the right image and features such as ensuite facilities open up the market to professionals sharing.

“There is no doubt that brand new homes let the fastest and demand the highest premiums,” said Loi.

Barratt Homes currently has a range of homes available at Wyndham Park and ideal for investors. Two bedroom apartments start from £129,995 with three bedroom houses priced from £209,995.

For further information Barratt has produced a series of videos for investors at vimeo.com/124697594 and vimeo.com/124801576 or log onto barratthomes.co.uk.