Waterside apartments an enticing prospect

Buy-to-Let investors can now purchase from the next wave of brand new waterside apartments in Newport, where demand for new homes is expected to grow over the next three years.

With a new state-of-the-art hospital and university campus being built, investors will be looking to take advantage of a potential influx of new people moving to the city.

Redrow's new apartments at Alexandra Gate are sure to appeal to tenants looking for a stylish property in an ideal location in the town, with stunning views of the surrounding countryside and the River Usk.

The award-winning housebuilder has released two further blocks of apartments for sale, which front the riverside, and form part of the multi-million pounds regeneration of the city, which is led by urban development company Newport Unlimited.

Alexandra Gate, being built on the site of the former Black Clawson engineering works, which will have a finished value of more than £50million and consist of around 400 contemporary homes.

Luly Brice, area sales manager for Redrow Homes (South Wales), said: "These apartments are sure to be a sound investment for buy-to-let purchasers, given their great location and affordability.

"It is an exciting time for Newport, which is enjoying the same sort of investment that has changed the fortunes of Cardiff and Swansea, and has a very bright future.

"In addition, the views from the apartments, looking out over the river with the hills in the distance, really are spectacular and will appeal to many different people looking for a new waterfront home in the heart of this forward-thinking city."

The new homes are part of a major facelift for the city and the first part of the wider regeneration plans for Old Town Dock. The surrounding area will also contain an office district, an 80-room hotel, a park and other facilities all set along the banks of the River Usk.

With the M4 motorway nearby providing easy access to other major towns and cities, including Cardiff and Bristol, the development is perfect for commuters working outside of Newport.

The new apartments are priced from £126, 995 for a one-bedroom apartment and from £144,995 for a two-bedroom apartment.

For further details on the development log on to Redrow.co.uk.