London investors calling at Morello Quarter in Basildon
Investors from London are rushing to buy at Housebuilder of the Year Weston Homes’ award-winning Morello Quarter in Basildon, Essex. With a strong tenant market and the prospect of yields between 6.1 per cent and 6.7 per cent for new build properties, Basildon is now regarded as a prime investment hotspot.
Morello Quarter comprises 425 luxury one and two-bedroom apartments only a short walk away from Basildon train station. Referred to as ‘the Docklands of Essex’, the Bronze Award winning development for ‘Best Starter Home’ (What House? 2010 Awards) appeals to young professionals, first time buyers and investors from the Capital.
As part of the £2 billion “More Basildon” Vision, Morello Quarter is an integral part in the transformation of Basildon into one of the UK’s most modern towns and the area has been firmly put on the map ahead of the London 2012 Olympics.
Wayne Mearns, a Director at independent investment and property management consultants Belvoir Lettings, commented: “London investors are recognising the potential of Basildon and are rushing to buy at Morello Quarter. Investors have started to look at commuter towns in close proximity to the M25 and can see the benefits of Morello Quarter. With two billion pounds of regeneration underway, Basildon has attracted investors and is likely to experience a population surge in the coming years.”
Bob Weston, Chief Executive and Chairman of Weston Homes, commented: “We have been enjoying excellent sales success at Morello Quarter, with Block C already 50 percent sold and work now starting early on building a further 112 apartments. Basildon will be an exciting place to be during the Olympics and after the Games residents will have access to Olympic standard sports and leisure facilities at Basildon Sporting Village. There has been a surge of investors from London buying at Morello Quarter, who are seeing the benefits of buying in Basildon. We can’t build the apartments fast enough.”
Each home boasts spacious bedrooms and living areas that benefit from ample light, a designer kitchen complete with integrated appliances, luxurious bathrooms with ceramic tiling and chrome fittings, and high quality fitted wardrobes in the master bedrooms. Morello Quarter comprises of four contemporary buildings rising from four to ten storeys in height.
The buildings have sleek tiered facades with balconies, expanses of glazing, terraces and penthouse roof gardens. South-facing landscaped gardens, decks and terraces on various levels provide ample amenity space and form a “green hub” in the town centre.
The C2C Fenchurch Street Line provides a short 30 minute commute into Central London, which means that buyers can take full advantage of the London lifestyle and still enjoy Basildon’s own excellent cafes, restaurants and retail facilities.
Prices at Morello Quarter start from only £125,000 for a one-bedroom apartment and £143,000 for a two-bedroom apartment. For more information, please contact Morello Quarter’s sales and marketing suite or visit: weston-homes.co.uk/morelloquarter
