For an increasing amount of investors, it seems as though buying a second hand home is no longer as profitable as it used to be. With many new-build developments such as Crest Nicholson’s Empress Heights in Southampton, being built to the highest specification, it seems that people are going out with the old and in with the new.
With the ever-growing demand for rental properties and the opportunity for capital growth, more investors are acting now to see a favourable return on investment. This demand from the private rented sector has resulted in a surge of investors looking to capitalise on rising rental yields whilst also benefitting from the improved availability and affordability of buy-to-let mortgages.
Empress Heights, situated on College Street in the heart of the city, offers the perfect solution for savvy buy-to-let purchasers seeking a lucrative investment opportunity, with rental yield returns of up to 6%. The development suits both first-time landlords, who may want an additional and regular income as well as existing investors wishing to build on their property portfolio.
Crest Nicholson properties are built with a sustainable vision and low maintenance lifestyle in mind. The property builder places significant emphasis on affordable living which is why the apartments and duplexes at Empress Heights are designed with high quality using sustainable materials and are energy-efficient to keep the bills low, an attractive feature for tenants. By pioneering new approaches like having easily accessible E.ON meters in the home, residents are able to keep an eye on their energy consumption. Empress Heights even has a secure cycle store for those who wish to lead a more sustainable lifestyle.
Empress Heights is an ideal choice for investors, renters and first-time buyers alike. The modern collection of one and two bedroom apartments and duplexes feature fully fitted kitchens with stainless steel Bosch appliances and all bathrooms and en-suites contain classic white Roca suites, complemented by chrome Hansgrohe taps and a heated towel rail. Furniture packages are also available, so tenants can move in straight away without any hassle or shopping involved.
The development also benefits from offering city centre living, making it an ideal location for entertainment, shopping and sport. The apartments are only a short walk from Oxford Street with its great selection of restaurants and bars, and the city’s major shopping centres. Southampton’s docks, football grounds and central train station are also a short walk away.
New build developments like Empress Heights are undoubtedly an engine for growth. The benefits of buying a new-build are evident and with the demand for private accommodation exceeding the supply, there has never been a better time for investors to act now.
For more information please visit, www.crestnicholson.com/empressheights.