Buy to let in failsafe Cambridge
Savvy buy-to-let investors looking to take advantage of the down-turn in the property market and expand their portfolios should turn their sights to failsafe locations such as Cornwall, the Cotswolds and the famous collegiate city of Cambridge according to Bidwells Property Consultants.
While Central London continues to be a popular investment area for the buy-to-let market, those on the lookout for new investment opportunities should consider UK “investinations”. In the case of the coastal resort of Cornwall, the Cotswolds’ area of outstanding natural beauty and the university city of Cambridge; the property market will remain strong and the old age phrase of location, location, location really does ring true when it comes to investing in 2010. These locations will benefit from universal appeal and will always be sought after due to their heritage and thriving tourism market, which make them set to top the ranks for failsafe investments.
Cambridge is one of the most avidly sought after towns for property in Britain according to propertyfinder.com. More people searched for property in the city than anywhere else in the country, beating Oxford, by a wide margin, into second place.
As the leading university town in the UK, Cambridge has shown resilience in the face of the credit crunch. It is recognised as an economic powerhouse and its strength and popularity is due to a combined mix of factors. Having the world famous university is a huge attraction to many, as is the city’s superb location, the amenities on offer, employment opportunities, thriving town-centre, and of course the excellent commuter links into Central London.
Bidwells Property Consultants, the leading estate agent in Cambridge reported that the strongest recovery in the UK New Homes market has been seen in Cambridgeshire. Cambridge has increasingly become regarded by individual and professional investors - both domestic and international - as one of the top locations for investment in residential property. As the city’s residential market shows strong signs of recovery it is expected that Cambridge house prices should continue to show a material rise over the next few years.
Buyers seeking to invest in buy-to-let property in the city can be rest assured that there will continue to be a strong and stable lettings market. Rental values have, on average, risen more than five per cent annually over the last five years due to Cambridge University, the academic, medical and scientific centres, the abundance of young professionals seeking to live in the city and the restrictive planning policies which have led to an underlying shortage of new housing in the city.
For those looking to expand their property portfolio in Cambridge, Redeham Homes, is currently marketing a range of stylish apartments and townhouses ideal for both investors and residents alike at the architecturally dynamic Accordia Living, one of the most desirable and striking new build schemes the city has to offer and the UK’s most award winning development. What’s more it is the first-ever residential scheme in Europe to be awarded the highly coveted Royal Institute of British Architecture (RIBA) Stirling Prize, in recognition for its dynamic, innovative and unique architecture.
Pam Reardon, Sales and Marketing Director at Redeham Homes comments: “Cambridge is a great investment opportunity for buy-to-let investors due to its ideal commuter location and the wealth of young professionals in the area looking for rental accommodation. We have a range of stunning homes which will appeal to both investors and tenants alike offering some of the highest specification homes in the best locations within the city.”
Set in 23 acres, Accordia Living, located on the prestigious Brooklands Avenue, a designated conservation area and one of the most expensive streets for property in England and Wales, comprises a total of 203 one and two-bedroom apartments and three and four-bedroom townhouses.
The development is set alongside some of Cambridge’s most stunning period properties and is within walking distance of the University, the Botanical Gardens, a wealth of exceptional schools and the city’s mainline train station.
Cambridge is renowned for its culture, heritage and leisure activities and is an ideal location for capital city commuters with journey times into central London in just 45 minutes. The city features three local markets, offering a mixture of local produce and goods, along with an exceptional array of high street shops, exclusive boutiques, restaurants, bars and cafes.
Prices for homes at Accordia Living start from £379,950 for a two-bedroom apartment and from £754,950 for the townhouses. For further information visit redehamhomes.co.uk.
