Crest Nicholson advises property investors to act now in Penarth

Crest Nicholson is encouraging potential investors to consider the rental returns they could receive if they bought an apartment at its prestigious Penarth Heights development.

The waterside development is already proving to be a great success on the Cardiff property market, with 24 homes already purchased, so now is a prime opportunity to consider making a property investment in this area of South Wales.

Investors who purchase a buy-to-let property can currently expect to see a five per cent return* from a two bedroom apartment at Penarth. Making an investment at this Crest Nicholson development could help to build an existing property portfolio or provide a regular additional income, which is enticing for those who are keen to make their money go further in this tough economic climate.

Laura Osborne, Sales Manager for Crest Nicholson, commented: “There’s never been a better time to invest in a property, as it means you can take advantage of good rental returns and enjoy the opportunity for long term capital growth. In addition, the attractive property prices and low interest rates make buying even more affordable.

“Two bedroom apartments at Penarth Heights are now available from just £135,958, through our EasyBuy scheme. Our award-winning sales team are on hand to talk to potential investors about the benefits that buying a property at Penarth Heights can bring.”

Situated a short walk from the town centre, Penarth Heights currently offers a selection of contemporary one, two, four and five bedroom houses. The two bedroom apartments on offer at Penarth Heights include the Royal and the Lieutenant both of which offer spacious open plan living space and en-suites to the master bedroom making them particularly suitable for the rental market.

Vicki Crean, branch partner at agents Allen & Harris said: “The rental market in Penarth is currently very active especially for young professionals. With Penarth having great transport links including two train stations, bus routes and only ten minutes drive from Cardiff City Centre, it is an ideal location! The apartments are also ideal for people who want to be within a short walk from Penarth town centre so if anyone is looking for something within walking distance, these apartments are ideal.”

Penarth Heights has something to offer everyone from beautiful views across the marina, as well as a large variety of shops and leisure facilities and an assortment of excellent schools, making it the perfect location for those who enjoy a mix of bustling city life and picturesque surroundings.

Prices currently start from £129,000 for a one bedroom apartment or £159,950 for a two bedroom flat, £195,000 for a two bedroom house with parking, £399,000 for a four bedroom house and £750,000 for a five bedroom four storey house. Crest Nicholson’s EasyBuy scheme which offers buyers the chance to secure 100% of their property for 85% of the price may also be available on selected plots.

For further information, visit crestnicholson.com.

* Estimated rental yield sourced by Allen & Harris.