Beat the bank rate with buy-to-let

George Wimpey and Bryant Homes are launching three new London developments offering investors returns of up to 5.60%, more than twice the rate available from the best savings accounts on the high street.

With Bank of England base rates at a 300-year low and stock market volatility still causing nervousness, the launch comes at a time that sees investors starting to return to the property market, attracted by the potential for better immediate returns, and predictions of longer term investment growth.

The three new developments are based in Lewisham, Tooting and Thornton Heath in Croydon and offer a selection of well-appointed studios, one, two and three-bedroom apartments, with prices starting from only £144,995.

The competitive prices and attractive locations mean the properties are also expected to have strong appeal with first-time buyers looking to take advantage of current market conditions.

Would-be purchasers can find out about the full range of apartments by visiting a joint launch event which takes place at the Axis development in Lewisham High Street on Thursday 21st May (11am-8pm).

Axis in Lewisham features a selection of stylish properties enjoying access to a stunning roof terrace – a fantastic feature with masses of appeal. Close to the pedestrianised precinct, the new shopping centre and an open air market held seven days a week, Axis boasts a vibrant location only a short distance from Lewisham station, the Docklands Light Railway southern terminus, and the soon-to-open Lewisham Tube station. Prices start from £144,995 for a studio apartment, with rental returns across the development set to be up to 5.50%.

St George’s Quarter in Tooting High Street is a paradise for commuters, comprising studios from £169,995 and two-bedroom apartments from £249,995 perfectly positioned only 350 metres from Tooting Broadway Tube station and within a short stroll of an amazing range of shops plus the popular Broadway Market, as well as restaurants, leisure amenities and employment opportunities, including St George’s Hospital. Rental yields are expected to reach 5.28%.

A choice of cosmopolitan one and two-bedroom homes priced from just £149,995, and each with access to a pretty communal terrace garden, are being constructed at 793 London Road in Thornton Heath, where rental returns are expected to be up to 5.60%. A location that has everything, including local shops and restaurants and a new sports and leisure centre, Thornton Heath Station provides regular services to London Victoria in around 25 minutes, and the bus to Croydon stops right outside the front door.

Kate Gordon, Regional Sales and Marketing Director for George Wimpey, says: “The launch is a unique opportunity for people to find out about the outstanding range of apartments available, ideal for those looking to buy their first property or invest in a well-appointed maintenance-free new home.

“With banks offering low returns on savings, savvy people with money in the bank are switching to an investment in bricks and mortar. By doing this now they are taking advantage of today’s great prices and up to 5.60% rental yield, and better still, a buy-to-let home looks set to become a brilliant investment as property prices pick up again.”

Selected new apartments will feature en-suite bathrooms, attractive balconies and superb open-plan living areas – and by coming along to the launch, buyers can secure plots with the greatest potential.

To arrange an appointment for the launch event, visit Axis located in High Street, Lewisham, on Thursday 21st May from 11am – 8pm.

Further information on studios and apartments at all three developments is available by at georgewimpey.co.uk or bryant.co.uk.