Cambridge apartments at forefront of regional property market upturn

Local Cambridgeshire estate agents are reporting that one and two bedroom newly built apartments, such as those at Crest Nicholson’s development, Kaleidoscope, are outperforming other sectors of the region’s property market due in part to heightened demand from investors for the limited available quality stock.

David Bentley, Head of Cambridge new homes for Bidwells Estate Agents, comments: “We have seen a rise in the number of property investors and cash rich buyers coming back to the market in Cambridge. Developments such as Kaleidoscope are proving extremely popular, as they offer a top quality product in a prime location. There is a shortage of similar stock on the market at the moment which is starting to drive prices higher so would-be investors should capitalise now before prices rise much further.

“Kaleidoscope is popular with investors, due to its close proximity to Cambridge rail station and stylish, contemporary design, there are good levels of demand from tenants in the area and potential yields are high.”

Ideal for those looking to make the most out of living at the heart of this historic University City, Kaleidoscope boasts a sophisticated range of 408 properties in total. The development has been meticulously master-planned to create a lively community with a strong sense of place.

Designed by award-winning architects Proctor and Matthews, whose other work includes the Greenwich Millennium Village, the development incorporates traditional, locally sourced materials with the architecture imaginatively using feature panels in a variety of colours. Combining a sleek, modern exterior with a classic and stylish interior, homes at Kaleidoscope will, when complete, be dispersed across 11 architecturally unique buildings and landscaped areas that will be linked by a sequence of shared spaces.

Annette Cole, Sales and Marketing Director at Crest Nicholson (Eastern) Ltd., comments: “We continue to have an excellent level of interest at Kaleidoscope and have certainly noticed increasing numbers of buyers who are now keen to buy. The development is well suited to investors and apartments at Kaleidoscope continue to be in high demand in the local rental market.”

Cambridge boasts excellent travel links; Cambridge Railway Station is just five minutes from the scheme and provides a non-stop service to London Kings Cross in just 45 minutes. Alternatively, the M11 is just six miles away providing a swift route to Stansted Airport and the motorway network beyond.

Prices at Kaleidoscope start from £240,000 for a one bedroom apartment. For further information visit kaleidoscopecambridge.com.