Canny buyers dive in at Parkside

Parkside, Barratt’s latest development in Wandsworth, south-west London, has proved 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 and has now sold out.

Barratt London managing director Alastair Baird said: “Parkside has done so well simply because it offered the key ingredients to shine through whatever the wider economy may have been doing.

“It looks tremendous, it’s in a supremely convenient location and, above all, it offered outstanding value for money. Like all our developments across London, Parkside’s apartments were sensibly priced for the current market conditions – and that proved very attractive to buyers, especially investors, who felt that now is probably the optimum time to buy.”

Parkside – which offered 62 superb two-bedroom apartments with a concierge service from under £305,000 - has been popular both with local purchasers and those from further afield, with a large sprinkling of buyers from South Africa and elsewhere.

It has also been popular with investors who took advantage of historically low prices to achieve rental returns of 6 per cent or more.

Centred round a 23-storey curved glass tower in London SW18, Parkside is on a prime site alongside King George’s Park, on the edge of Wandsworth town centre and adjacent to the Southside shopping mall.

Barratt is offering new home opportunities right across the capital – see barratthomes.co.uk for more details.