When news happens, text SDE and your photos or videos to 80360. Or contact us by email and phone.
Apartment investment chance at Barratt's Hollybrook Lodge
12:42pm Monday 20th February 2012
The housebuilder is offering buyers at the development with the chance to own a two bedroom apartment for £154,999 and then rent it back to the developer for £646 per month for a minimum of six months.
“At the moment this superb apartment is being used as a sales office,” said Barratt senior sales manager, Zak Long. “This represents a fantastic opportunity for someone to invest and then we will rent it back for more than they are likely to receive if they rent it privately.
“The apartment will continue to be used as a sales office until all of the properties are sold at Hollybrook Lodge. The lucky buyer will receive a guaranteed income on their new investment and it could also provide valuable cash to those who are not ready to move in to their new home just yet.”
The offer is part of Barratt’s offering for investors which it says have returned to the local property market. “We have not seen this level of demand from investor buyers outside of London since the downturn of 2007,” said Zak.
“Rather than have to worry about untidy tenants, the investor knows that we will maintain the property in pristine condition. Barratt is also the only major housebuilder which guarantees internal fixtures and fittings for a full five years.”
He added that rents in Hampshire are rising rapidly which means that rental homes are increasingly in demand. “Investors take the view that the direction of prices in the medium term is up,” added Zak. “So they expect to be sitting on a tidy profit in three to five years’ time.”
Hollybrook Lodge is just a short journey from city centre shops, restaurants and entertainment venues – including Ikea, West Quay, the Mayflower Theatre and Leisure World. There is also easy access to the M27 and M3 motorways – with links to Portsmouth, Bournemouth and London.
For more information about Hollybrook Lodge, visit the sales office, open Friday to Wednesday from 10am to 5pm and on Thursdays from 1pm until 8pm, call Barratt on 0844 811 18 77 or log onto www.barratthomes.co.uk.