Investor chooses bricks and mortar
With statistics* showing that nationwide buy-to-let investors enjoyed a 7.6% annual return on their investments in 2009, it’s no wonder many people are looking to put their hard earned cash into bricks and mortar.
Gwendoline Lynes decided to make her money work harder by buying two properties to rent out at Bryant Homes’ Augusta Park development in Andover.
Gwendoline, 64, said: “With such low interest rates it seemed silly to leave my money in the bank and so I decided that property is a sound long term investment. When I visited my daughter Anoushka, who is the owner of a local business – Coversure Insurance – in Andover, she told me about an advert she’d seen for a community event at Augusta Park. We thought it would be a good idea to go along and see the different options available. I wanted to invest in two properties to let and as soon as I saw the two bedroom coach houses at Augusta Park I knew they would be ideal.”
Gwendoline, who lives in Devon, is now letting one coach house to a couple who have just given birth to the first baby born at Augusta Park. She has recently appointed an agent to look after the second property.
She added: “Being a landlord for the first time was a bit daunting but I have been pleased with how straightforward things have been. The sales executives at Augusta Park have been excellent and my tenants are lovely – it’s wonderful that their baby is the first to be born here! I would recommend buying at Augusta Park to anyone. As an investor the homes are ideal as they are new, so there’s no need to worry about any maintenance, and they are in an excellent location close to a host of amenities and transport links. I am really pleased I decided to put my money into property over leaving it in the bank.”
Pauline Fletcher, regional sales and marketing director, comments: “We’re delighted that Gwendoline has decided to invest in our stylish coach houses at Augusta Park. The properties here are ideal for first time landlords or those who are experienced investors. As well as the benefits of buying new in terms of security and maintenance, the development also boasts a fantastic location which is bound to appeal to a range of people looking to rent. With low interest rates we’re urging prospective purchasers to look at the benefits of buying bricks and mortar and come and talk to us.”
Augusta Park offers the best of town life in a semi-rural setting with residents within easy reach of the Hampshire countryside, the South Coast and the New Forest. The development is also ideally located for those who need to commute with excellent road links to both the east and west via the A303. The A34 and M3 are both close at hand and the train journey from Andover to London takes just 1 hour 20 minutes.
For further information visit: bryant.co.uk
*According to CHL Mortgages statistically, buy-to-let investors enjoyed a 7.6% annual return on their investments in 2009, with the value of their properties increasing by 3% and rental income has adding a further 4.6%.
