"..buyers at Parkside are achieving rental returns of over 6 per cent."
Despite the downturn, Barratt is proving that property is still a brilliant investment – and that now is the time to take advantage of historically low prices. Investors buying at Parkside, Barratt’s latest development in Wandsworth, south-west London, can achieve annual rental returns of 6 per cent or more – and get a £15,000 package of help on top.
Investors will get their service charges and letting fees paid for a full two years, and Barratt will also provide fitted wardrobes, carpets and a fantastic furniture pack comprising everything from beds, table and chairs to a kettle and teaspoons – everything needed to get ready for renting.
What’s more, Barratt will team investors with reliable letting agents who will find tenants and manage the tenancy on the owners’ behalf.
Alastair Baird, managing director at Barratt Homes East London, said: “Now is a better time to buy than many people think, and history shows that – despite the ups and downs of the property market – property is still one of the best medium and long-term investments you can get. Investor buyers at Parkside are achieving rental returns of over 6 per cent, thanks to a combination of sensible selling prices and a buoyant local rental market.”
Parkside – centred round a 23-storey curved glass tower in London SW18 – is already selling well, with less than 50 apartments remaining available.
On a prime site alongside King George’s Park, on the edge of Wandsworth town centre and adjacent to the Southside shopping mall, most apartments feature floor-to-ceiling glazing and spacious balconies.
All homes at Parkside have two-bedrooms, two bathrooms and luxury specifications, plus fully-fitted designer kitchens and fully-fitted family and en suite bathrooms. Lifts serve all floors through stylish common areas and there is a daytime concierge service.
Wandsworth’s transport links are excellent, with six underground and eight mainline rail stations. Parkside is around half a mile from Wandsworth Town mainline station (trains to London Waterloo in approximately fifteen minutes) and from East Putney and Southfields tube stations on the District Line.
King George’s Park, which Parkside overlooks, is regarded as one of the finest public green spaces in the southern half of Greater London.
A sales office and show apartments are open at Parkside. The current phase of apartments available with gas, electricity and water paid, are on sale from £324,995.
February 11, 2009