Property investment strengthens family bonds

Price and location are what made savvy businesswomen and property investor, Marylou Wachter of Preston, buy an apartment at Miller Homes’ Central Park development in Headingley.

“It made economic sense to purchase a property here. My daughter Alex is working in Leeds and to secure her future by making a home available for her now, we purchased the apartment at a great price. I also feel that now is a particularly good time to buy,” said Mrs Wachter, owner of Garden of Eden Spa in Preston.

Jan Hanaby, area sales manager for Miller Homes Yorkshire said: “For those people with savings, it makes great sense to buy properties now, especially a new build as they have not been as affordable for a long time. No matter what the economic climes at present, we all know, a property is still a good long-term investment.”

Recent research has shown that young adults living at home could cost their parents as much as £12,500 over a five year period. During this time some are opting to save money for a deposit although many parents like Marylou are looking at investing their savings into property for their children.

“Properties are very good value at the moment although it is difficult for young people to get the deposit together to be able to adhere to the strict lending criteria afforded by the lenders,” said Marylou

“That is why we felt it was much better for us to initially help our children onto the property ladder. But it is thanks to Miller Homes to just how smoothly we have managed to do this. Our other properties around the country have not been as easy to purchase, the fantastic deal, the customer service and the after care Miller has given us has been the best experience by far.

“Alex is extremely happy in her tailor made home, she got to choose the fittings which makes it her home from the start. And I feel happy in the knowledge that she is safe in a nice area of Leeds and that she is not starting out her working career with unmanageable amounts of debt.” continued Marylou.

Central Park is a cosmopolitan style development set in the hugely popular area of Headingley, which includes a vibrant mix of local attractions, ensuring that there’s something to suit all tastes. It also boasts convenient transport links with Leeds city centre just a short ten-minute drive away. Properties available here range from a one bedroom apartment through to a five bedroom house, prices start at just £126,500.

The sales centre and showhome are open from 10.30am to 5.30pm Thursday to Monday. For more information, visit millerhomes.co.uk.