Those looking to reap the benefits of property investment should consider The Garden Quarter, Caversfield by leading heritage developer, City & Country. The properties at the development are ideal as investment properties delivering impressive yields of over 5% and rental incomes of up to £1,450 per month.
The range of unique converted and new build homes have proven very popular with investors due to their close proximity to Bicester North train station and commutability into central Oxford. What’s more, maintenance of the properties is low as they are newly refurbished and tenants can move in straight away.
This marked increase in individuals investing in buy-to-let properties reflects the rising number of new property investors across the UK, who are attracted by strong yields and potential long term capital gain. A new report by Knight Frank has shown that average rents across the UK have risen by 3.5% year on year, with recent data confirming that the rental sector is growing in prominence.*
Helen Moore, Managing Director of City & Country commented: “Since the development launch in June last year, the homes at The Garden Quarter have been in high demand and with established rental incomes and good yields, it has proven very popular with investors. The Garden Quarter has so much to offer from its excellent location, beautiful setting to high quality living and as a result the properties have appealed to a range of purchasers including investors, couples, professionals and downsizers who want to own a piece of history and also make a good investment.”
City & Country recently launched a range of two and three bedroom cottages which offer spacious open plan lateral living areas. Each property at the development offers an all-inclusive specification and has been cleverly designed to maximise space and natural light. Careful attention has been paid to every detail of the interior finishes, from flooring and lighting to tiling and décor.
Formerly the RAF Bicester domestic site, The Garden Quarter is being carefully converted into a selection of luxury apartments and cottages and when complete, the development will provide 196 homes set within 23 acres of beautiful landscaped parkland.
Bicester is an attractive choice for a wide variety of purchasers, from locals upsizing or downsizing, families moving into the area from London, commuters taking advantage of the superb road and rail links, through to professionals who enjoy living near the countryside and first time buyers who can get a lot more for their money in Bicester. With such a range of prospective purchasers, it comes as no surprise that the housing market is very buoyant with more people looking to buy than there are properties available.”
The Grade II Listed development is steeped in history, having formerly been the domestic site associated with RAF Bicester. Its status as the best preserved example of the bomber bases constructed as the principal arm of Sir Hugh Trenchard’s expansion of the RAF from 1923 caused it to be designated a conservation area in 2002. 18 of the buildings, including the Officers Mess and Quarters, have been listed as Grade II by English Heritage.
Prices start at £182,500 for a one bedroom property, and go up to £395,000 for a three bedroom property. For further information please contact the on-site sales suite, open daily between 10am and 5pm, on T: 01869 253 999, or visit: www.cityandcountry.co.uk.
*Knight Frank UK Residential Market Update July 2013
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