Climb up the ladder at luxury Balsall Common development

This month’s surprise reduction in interest rates means now is a good time to climb onto the property ladder, relocate or make a buy-to-let investment while prices remain affordable - says family housebuilder Linfoot Homes.

The award winning Warwickshire based company has just reduced prices at its distinctive luxury apartment and duplex development, Oaklands, in Balsall Common’s leafy Station Road.

The combination of good deals and falling mortgage rates should see a surge in interest in the stunningly designed and individual homes, one of which has already been snapped up.

As an added bonus two of seven apartments, which offer a choice of very different styles and sizes, fall below the recently raised stamp duty threshold.

For cash buyers or those looking for an investment property the apartments offer a potentially excellent return and a medium term opportunity for capital growth.

The one bedroom apartments, priced at £150,000 and £155,000, are a healthy size, with large 16ft living rooms and bedrooms. Rental returns are likely to be around £700 a month – representing a 5.6 per cent gross yield.

The large, airy loft style two bedroom top floor apartment has dramatic sloping ceilings and an impressive 19 by 18 foot living room, enormous master bedroom with en suite, second bedroom and a bathroom.

The impressive 1,000 sq ft duplex offers two bedrooms and a study, which could be used as a third bedroom, living room, kitchen, en suite and family bathroom as well as an open fronted garage.

The show home, plot 2, offers a large living room/kitchen, two bedrooms, one en suite, and a bathroom and there is one further two bedroom, two bathroom apartment.

The beautifully designed building is set in a mature landscaped communal garden with allocated parking spaces just a stroll from the village centre.

Linfoot Homes development director Claire Linfoot McLean, whose company recently won two sought after awards for the quality of the design and construction of its properties, explained: “With the recent surprise reduction in interest rates now is looking a very positive time to buy. As fewer builders are constructing homes at the moment the stock of new build properties is diminishing, which means there will be fewer and fewer opportunities to buy a brand new home at a reasonable price as the months go by.
“As savings rates tumble those with money to spend would be well advised to think of investing their cash in an apartment rather than leaving it in the bank. Rental prices are likely to be between £700 and £850 a month at Oaklands. And a £700 per month rent on a £150,000 apartment represents a greater return than most building societies are offering at the moment. Added to that, in the medium term they will offer capital growth. Investing in property is beginning to look like a shrewd investment once more.”

The show home is open from Friday to Monday between 10am and 4pm.

For more information contact selling agents ehB Residential.