Property investors are finding The Garden Quarter, a very attractive proposition; being a unique development of homes located on the site of the former Domestic Quarters for RAF Bicester, where homes are being swiftly purchased off-plan.
Built by multi award winning heritage developer City & Country, the second phase of The Garden Quarter offers a range of very individual apartments, cottages and houses from the Art Deco buildings. Following the launch of this second phase of properties at the development earlier this year, The Garden Quarter is now proving popular with would-be landlords attracted by the strong rental returns on offer.
Helen Moore, Managing Director of City & Country comments: “Since the second phase launched we have witnessed a steady stream of sales, selling just over one property per week, many of which have been off-plan. A significant number of these have been purchased due to their investment potential. Currently landlords are seeing rental returns averaging 5%, and there is a consistent influx of new tenants attracted by the unique nature of the properties within their wonderful landscaped setting.”
The development combines characterful and historic restoration properties with a range of new build homes that seamlessly blend into the existing vernacular of the historic buildings. The clever site design and layout of the development maximises space and light, with buildings formally arranged in symmetrical patterns around formal squares and landscaped spaces.
Maxine Allington of local agent Tobin Jones comments: “The Garden Quarter has proven very popular with investors; we have a consistent number of new clients seeking to buy for rental purposes at the development. The properties tend to be let to professionals or couples. Tenancies are longer here than for average properties, indicating that the atmosphere and designs are agreeable to the residents. Most tenancies are in excess of 12 months, rather than the usual six months, and since the development launched two years ago we have only had one tenant leave, and that was due to a business move.”
Features of the second phase properties include oak engineered flooring, sanitaryware from Roca and Laufen, brassware from Hansgrohe, prewired connections to Virgin Media and voice activated door entry (where applicable) to communal areas.
The Garden Quarter has been a particular hit with professionals who are keen to enjoy the privacy that it offers. Meanwhile Bicester’s excellent transport connections have also helped to attract commuters who work in Oxford and London.
Maxine Allington continues: “The Garden Quarter offers the style and atmosphere of an older character development but with new build finishes and facilities. The proportions of each property are very pleasing and often one bedroom homes rival similar two bedroom properties within Bicester for size.”
Properties at The Garden Quarter benefit from an enviable location surrounded by superb countryside, yet with fantastic road and rail links to local towns and larger cities. Nearby Bicester North station provides regular train services to London Marylebone, with journey times from 48 minutes. Oxford is less than fifteen miles away, and by road the A4095 by-pass provides quick access to Junction 9 of the M40, linking the Garden Quarter homes to London and Birmingham.
Prices at The Garden Quarter start from £187,500.
For more information visit: www.cityandcountry.co.uk, or call 01869 253 999.
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