Courtesy Redrow
To steal a lead on their competitors some new homes developers are offering packages enabling the property to be rented out from the day of completion.
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Despite a long predicted slowdown in the rise of house prices, buying property is still an attractive proposition in today's market, and a good investment opportunity. Barratt Construction is reporting that an increasing number of parents of prospective students are seeing the value of buying at the Meridian Point development, King Street, Aberdeen, which is close to Aberdeen University as opposed to renting property for their offspring.
In London's most sought after areas, lettings are virtually constant and now Galliard Homes is offering trouble free investor opportunities where all the hard work is handled by a management property service.
Galliard Homes is offering purchasers the opportunity to buy attractive properties in good central locations with the benefit of a rental yield guarantee. Around 60% of Galliard Homes' purchasers are investors, and with the stock market under performing, bricks and mortar is seen as remaining a strong investment for the long term.
Galliard puts together packages specifically for the investor, typically a 6% yield over one or two years with turnkey packages also available. Even the initial worry of finding a tenant is taken out of the equation. Currently Galliard has around 200 rental guarantees on its books and not one is empty. In short, buy a property and let someone else furnish it and find a tenant.
The chance to enjoy good quality accommodation in a secure and accessible location, while their children pursue their studies is increasingly being seen as a shrewd investment by parents with most new developments offering the prospect of good capital growth by the time a student graduates and moves on.
Prices at Meridian Point range from £93,995 for a choice of attractive one, two and three-bedroom luxury apartments, all within a comfortable walking distance of the university's Kings College.
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