High demand for homes in Reading

In spite of tough economic conditions, properties at the St James Homes development, Kennet Island on Reading’s South side, have continued to sell at a steady rate throughout the first half of 2009, with visitor levels up by nearly 25% year on year.

St James has announced that the final house in ‘Phase One’ has just been sold to a local sportsman.

St James has succeeded in creating a very real sense of community at Kennet Island with a pleasant living environment that includes a central piazza, green open spaces and thoughtful landscaping. Local amenities enhance the sense of community, with a café and hair salon and dentist already open and a convenience store set to open next month.

Residents can also take full advantage of the superb facilities including a bar, restaurant, LivingWell health club and swimming pool at the Reading Hilton which is located at the front of development., The emphasis on local facilities is part of a distinctly green design agenda, which also extends to a dedicated bus service and a residents’ car club.

Deana Everingham, Head of Sales & Marketing explains: “We are delighted that demand for Kennet Island remained consistently high, even with such tough market conditions. A lot of our recent purchasers have come through recommendation from existing residents.

“We have found that early buyers have recommended Kennet Island to friends and relatives looking for properties. That’s one of the best compliments you can get. We’ve also seen a number of early purchasers investing in a second property to rent out, and other investors have been keen to buy into the development too. Conventional wisdom is that buy-to-let demand is weak – but investors are identifying a real opportunity here.”

Anyone still keen to buy at Kennet Island will be pleased to hear the next release of one and two bedroom apartments are due to be launched in September 2009.

For more information visit kennetisland.co.uk.