George Wimpey targets buy-to-let investors

Buy-to-let investors who purchase a new George Wimpey property at The Presidents near Mildenhall or Concept in Red Lodge, Suffolk can enjoy a great return on their new assets. Properties at the developments provide yields of between 6% and 10% according to local rental agents.

For example, two-bedroom maisonettes and coach houses, and three-bedroom houses at The Presidents development in Beck Row, close to RAF Mildenhall where US Air Force personnel are stationed, provide a 7% rental yield, with prices starting from £88,000.

Three-bedroom houses, townhouses and four-bedroom homes at The Presidents, which range from £139,995 to £229,995, can offer a yield between 8% and 10%.

The Concept development at Red Lodge is served by good commuter routes and lies only six miles from RAF Mildenhall and Newmarket, and 12 miles from Bury St Edmunds – an excellent tenant catchment area.

Two-bedroom maisonettes start at £97,995 and can provide a rental yield of 7%, while with three-bedroom homes it’s up to 7.5% and up to 8.5% for four-bedroom properties available from £234,995.

Steve Rolt, Regional Sales and Marketing Director for George Wimpey East Anglia, says: “Our homes are modern, well designed, low maintenance and cost-effective to run, making them ideal rental properties – and with RAF Mildenhall, home to the US Air Forces, just a stone’s throw away, demand for rental properties in this area continues to be high.

“Investors can enter the buy-to-let market safe in the knowledge that they can receive an excellent return.”

Each property at The Presidents or Concept has at least one dedicated parking space or a garage and enjoys a high standard specification, including central heating, double glazing, and fitted kitchen with built-in oven, hob and hood.

For more information, log on to Georgewimpey.co.uk.