Investors return to the property market

Leading residential developer Durkan Estates reports a rising number of investors are coming back to the property market, capitalising on low mortgages rates and the increasing demand for rental properties in prime locations across London.

Ian Clarke, an experienced investor from Hertfordshire has just purchased a one bedroom apartment at Durkan’s Morton Grand development, on Ecclesbourne Road in Islington N1.

Morton Grand comprises a range of one, two and three bedroom apartments and two and three bedroom houses, all finished to a high standard with integrated contemporary kitchens featuring granite and stone worktops and lacquered timber flooring. The development combines a range of newly built homes plus the careful restoration of the 19th Century main building which has been sympathetically renovated and refurbished using high quality materials and modern methods of construction, old meets new in these comfortable, stylish homes designed for modern living.

It was the prospect of purchasing a new build apartment in a classic development which proved most attractive to the Hertfordshire businessman who already has two other buy to let properties in Eastbourne and the Midlands. Ian comments: “I always purchase new build when looking for a buy to let property as they have proved to be far easier to let in the past. However, we are in a very different market now as rental demand is high and there is more competition. This is why I chose Morton Grand as it is the best that Islington has to offer, a quiet, secure residential location within easy reach of the tube and Angel, one of north London’s liveliest areas for shopping, eating and nights out.”

“Durkan offers a really good product and Morton Grand is testament to this, providing a unique development which is aesthetically pleasing and unlike other developments where purchases may find their home is one of many in high rise blocks. My aim is to rent the property to a corporate company for an employee to use and I have a few interested parties so far.”

Durkan’s sales process also ensured an easy move into the property: “The sales process was straight forward and the Durkan team could not have helped me more, a much smoother process compared to what I have experienced while purchasing other buy to let properties.”, added Ian.

Situated off Ecclesbourne Road, with a desirable N1 postcode, Morton Grand is ideally placed for a City base. Just a stone’s throw from Essex Road Station and only a short walk to Islington’s popular Upper Street, the development enjoys a central location in this vibrant and exciting borough. The West End, with its fantastic choice of shops and theatres is just 10 minutes away by tube.

Prices at the Morton Grand development start from £265,000 for a one bedroom apartment. For further information and to arrange an appointment, visit morton-grand.com.