Investors can now secure a guaranteed rental income on three bedroom apartments as part of a new rental package launched by Crest Nicholson at its waterfront development, Centenary Quay in Woolston.
Southampton is expected to have one of the fastest growing property markets in the UK over the next five years, and offers one of the highest rental yields in the country according to new data.
Located on the banks of the River Itchen, Centenary Quay has transformed the Woolston area in Southampton from a disused stretch of riverside into a bustling residential community. Comprised of stylish, contemporary new one, two and three bedroom homes finished to high specification, the development offers investors a low-maintenance investment thanks to Crest Nicholson’s two-year warranty and 10-year NHBC warranty.
Investors in Centenary Quay’s three bedroom apartments will receive guaranteed rental income within 10 days of legal completion for a period for 24 months at £1,450 a month, secured through Lettings Direct. Existing buy-to-let investors in Centenary Quay currently receive gross rental yields of up to 6.1 percent. Three bedrooms are currently available in the Austen apartments, part of the Merdian Circus complex, which surround the retail hub of Centenary Quay.
Susan Young, Sales and Marketing Director at Crest Nicholson, said:
“The multi-million pound investment in Centenary Quay has completely regenerated the riverfront area. Its breath-taking views, central location and traffic-free riverside walkways have made it a very popular development for both homeowners and renters.
“Shops, cafes, bars, restaurants and a new supermarket are due to open, which will only increase appeal amongst those looking for the ultimate waterside destination in Southampton.”
Richard Fowler, Director, Lettings Direct, commented:
“Southampton has become one of the UK’s best investment opportunities for buy-to-let property buyers, and rightly so. The city is rich in culture, has excellent shopping and entertainment amenities, two world renowned universities and is less than two hours to London. The city offers not just fantastic rental opportunities and excellent yields but also strong capital appreciation. The guaranteed rental package offered on selected apartments coupled with the excellent build quality, Centenary Quay represents some of the best investment opportunities in the region.”