Wandsworth development proves hit with buyers

Parkside, Barratt’s latest development in Wandsworth, south-west London, is proving a big hit with buyers despite the gloomy economic climate.

The development – overlooking one of London’s best public parks – has been selling at the rate of almost three apartments per week since January. Now, the final phase of just 19 homes has gone on sale.

Parkside has proven popular both with local purchasers and those from further afield, with a large sprinkling of buyers from Australia, New Zealand and South Africa.

It has also been popular with investors who know that, despite the downturn, property is still a brilliant investment. Taking advantage of historically low prices, investors at Parkside can achieve rental returns of 6 per cent or more – and get a £15,000 package of help on top.

Barratt East London sales director Gary Patrick said: “Parkside has been doing so well simply because it has the key ingredients that shine through whatever the wider economy may be doing.

“It looks tremendous, it is in a supremely convenient location and, above all, it offers outstanding value for money. Apartments here are sensibly priced for current market conditions, offering superb two-bedroom apartments with a concierge service from under £305,000.”

All homes at Parkside have two bedrooms, two bathrooms and luxury specifications, plus fully-fitted designer kitchens and fully-fitted family and en suite bathrooms. Lifts serve all floors through stylish common areas and there is a daytime concierge.

Investors can get their service charges and letting fees paid for a full two years, and Barratt will also provide fitted wardrobes, carpets and a fantastic furniture pack comprising everything from beds, table and chairs to teaspoons – everything needed to get ready for renting. What’s more, Barratt will team investors with reliable letting agents who will find tenants and manage the tenancy on the owners’ behalf.

Said Gary Patrick: “Now is a better time to buy than many people think, and history shows that – despite the ups and downs of the property market – property is still one of the best medium and long-term investments you can get.”

Parkside – centred round a 23-storey curved glass tower in London SW18 – is already selling well, with less than 50 apartments remaining available.

On a prime site alongside King George’s Park, on the edge of Wandsworth town centre and adjacent to the Southside shopping mall, most apartments feature floor-to-ceiling glazing and spacious balconies.

Wandsworth’s transport links are excellent, with six underground and eight mainline rail stations. Parkside is around half a mile from Wandsworth Town mainline station (trains to London Waterloo in approximately fifteen minutes) and from East Putney and Southfields tube stations on the District Line.

King George’s Park, which Parkside overlooks, is regarded as one of the finest public green spaces in the southern half of Greater London.

A sales office and show apartments are open at Parkside. The final phase of apartments is on sale from £304,995.

For more information, log on to Wandsworthparkside.co.uk.