Enjoy high yields with this exclusive development of luxury apartments in one of the UK's fastest growing cities, Southampton.
Southampton leads the South in the UK's top 10 rental hotspots for landlords in 2018, having seen the biggest rise in yields in the UK since May 2017 – an uplift of 20%.
Apartment prices in the city centre also continue to increase, having risen by 14% in the last 12 months (Rightmove). This acceleration continued with 1.9% growth achieved in Q1 of 2018 (Hometrack). This explosive growth is set to continue with the Core City Strategy identifying a housing requirement for the city of 16,300 - with a current undersupply of 940 homes a year.
Southampton's determined City Centre Master Plan is playing a pivotal role in the city's transformation and drawing further investment into the city. The ambitious plans for the city forecast up to 24,000 new jobs, 2016 alone showed an increase in business start-ups of 20.45%, amongst the UK's highest (ONS).
Uniquely for the city for a new build, this new development boasts virtual freehold ownership. As such, all apartments will come a 999 year lease with no ground rent charged, enabling investors to capitalise on maximum returns and security.
The 1 and 2 bed apartments are located centrally, minutes from the financial centre and central station.
The development comes with a favourable payment plan, investors requiring just 10% deposit to exchange and only a further 20% during construction with the remainder on completion.
Prices start from £142,500, with investors earning 6% NET Yield assured for 2 years.