Buy to let investments in Farnborough
With a number of buy-to-let purchasers already snapping up apartments at Farnborough Central, Redrow has a strong message for would-be investors looking for a higher yield on their savings.
The spacious one and two-bedroom apartments are located at the historic site of the former Royal Aircraft Establishment, close to Farnborough mainline station, from where London Waterloo can be reached in less than 45 minutes.
Many buy-to-let investors have already purchased and successfully let out apartments at the venture and there’s still time for others to share in their success.
Ben De Rossa, lettings manager for Chilli Lettings in Farnborough, said: “The Farnborough Central Development is our client s favourite in the area due to its locality and reputation of good build quality.
“We constantly have professional applicants registering to rent properties in this specific area and more often than not, we secure tenants for properties before a sale has even completed. The rental figures we secure for these apartments and houses in this particular development are above the local average.”
Chilli Lettings estimate one-bedroom apartments can be let for up to £750, two-bedroom apartments for up to £850, two-bedroom houses for up to £1,000, three-bedroom houses up to £1,250 and four-bedroom house up to £1,500.
The figures are backed up by Hampshire-based lettings agents Clear Move UK, who have estimated that one bedroom apartments can be rented for between £650 and £750, two bedroom homes from £800 to £1,100 and four-bedroom properties from £1,200 to £1,500.
Tonia Tyler, areas sales manager for Redrow Homes, added: “The Farnborough Central apartments have a track record of providing investors with a continual income. Based on the rentals that are being achieved, the potential is certainly there for one-off cash investors to get a higher return on the savings than if they leave their money in the bank.
“The location of the development, close to the town centre, is a stand-out feature and the high internal specification of the apartments ensures they appeal to discerning professionals.”
When it comes to choosing an investment property, a new-build apartment has plenty in its favour, as satisfied Redrow customers have confirmed.
Purchaser Deidre Galloway, who’s just invested in a second buy to let property with Redrow Homes at another development, said: “It didn’t make sense to leave our money sitting in the bank and we had previously let out properties very successfully. So we knew if we found the right property in the right location, we could make another sound investment.
“Redrow’s properties were beyond comparison to anything we had seen before and had everything you would expect from a high quality new build, such as fitted wardrobes and an en-suite to the master bedroom. A letting agent takes care of our tenants for us and we feel like we now have control over our own money and our future.”
The new homes at Farnborough Central are conveniently situated next to IQ Farnborough, a vibrant business park with offices, a café, crèche, heritage centre and a recently-opened four-star hotel and leisure complex.
Prices for one-bedroom apartments start from £159,950, with two bedroom apartment available from £199,950. Four-bedroom homes are also for sale from £264,950.
To be part of the new community at Farnborough Central visit the sales and marketing suite off Fowler Lane, open daily from 10am to 5.30pm.
