Investment properties at Sycamore Park, Mildenhall
Investing in property can be hit and miss in today’s climate, but at Persimmon Homes’ Sycamore Park development in Beck Row, Mildenhall, investments are returning a high yield and the rental market is buoyant.
“For investment buyers, Sycamore Park should be a number one choice. We’ve teamed up with Balmforth Estate Agents in Mildenhall to offer a one stop service from reservation on a property at the development to finding tenants and managing the tenancy if required,” states Jon Gibbs, sales director at Persimmon Anglia.
He adds: “Plus, our location near to the US air bases means a steady stream of prospective tenants who are looking for exactly the type of properties we can offer.”
Sycamore Park is ideally situated between two US air bases at Mildenhall and Lakenheath, representing an exceptional opportunity to provide a strong yield from great quality tenants.
Robert Lewis, a partner at Balmforth Estate Agents explains: “Modern properties close to both USAF bases are highly sought after by the 20,000 personnel and their dependents. They will normally give a yield of between 6.5 per cent and 8.5 per cent with exceptionally reliable tenants.
“The USAF rental market is very buoyant and fast moving with generally high levels of occupancy.”
Once purchasers have selected a property, Balmforth can provide legal services, mortgage advice and the complete range of rental services. Those unsure whether to invest can request a ‘Sycamore Park Rental Pack’ giving details of predicted rental yields for the various housetypes, together with an in depth guide to the specialist USAF rental market.
In general, USAF personnel are looking for spacious detached houses with big garages, such as the five bedroom Broadland housetype. This large family home offers flexible living space over three floors. On the ground floor is a dual aspect living room with patio doors to the rear garden, a vast kitchen / dining room with a feature bay window area at the front, plus a cloakroom.
The first floor sees a master bedroom with en suite, three further bedrooms, a bathroom and a study, while on the top floor are two bedrooms and a shower room. There are currently two Broadlands available, priced from £254,250 with a double garage.
Alternative properties are available including a selection of three bedroom Leicester housetypes which are available from £160,607, or the four bedroom Curtiss and Newbury housetypes, with prices starting from £201,950.
Sycamore Park enjoys an idyllic village location in Beck Row and is surrounded by rural countryside. Plenty of day-to-day amenities are on hand at Mildenhall, just two miles away, including a wide range of eateries which appeal to USAF personnel.
The development is close to the A14 and A11, with Bury St Edmunds less than half an hour away and Newmarket less than ten miles.
To find out more about investment opportunities, please visit the marketing suite at Sycamore Park, open Thursday to Monday from 10.30am to 5.30pm.
