New build property investment can be an attractive proposition for CXG clients, as we have built excellent relationships with major investor developers. This can result in genuine market discounts of up to 25% in areas in the country with good capital appreciation potential. For added comfort, an attractive yield is offered for the first year, for added value maintenance issues should be minimal and the builds are backed by 10 year building warranty’s.
There is a higher rental demand for this type of property due to pristine and modern condition and location.
An example of a residential new build property investment opportunity we have to offer our clients is Ayres Road in Manchester. With a purchase price of £160,000 and a NET yield of 7.5% these 4 bedroom town houses, with private parking and gardens, can bring in an income of up to £1,100PCM (gross) giving you a NET income of up to £1000PCM.
This site was purchased by the developer six years ago and is owned by them outright.
Each of these 14 town houses is built at 1,050 square foot, making them spacious, appealing to potential tenants. Each house is provided with allocated parking and private gardens.
Every town house, once complete, will be fitted with sealed double glazed windows, Gas central heating combi boilers as well as carpet and vinyl fitted throughout. With a stylish black and brick exterior finish with stone driveways, not to mention the secure gates, making the entire development private to only those who live on it. These houses are bound to let quickly!
Once the development is complete ACARIA Management and Consultancy Ltd. will take charge of the maintenance of the communal areas which will be a small annual cost to the owners of the properties of £100.
Find more information here: http://cxginvest.co.uk/invest_opportunities/ayres-road-manchester/
For further information, please contact CXG on 01440 784159 or email email@example.com
CXG Invest has built its name and award-winning service in the property portfolio building arena, by offering a transparent and trustworthy service across the entire life-cycle of a landlord’s relationship with an investment property. From highly discounted properties to a full management service, CXG Invest is your partner in property success.