With strong price growth predicted for the regional housing market coupled with ongoing low interest rates, the buy to let market is looking favourable for landlords seeking to invest outside of London. In the South East, house prices are predicted to grow 17% by 2025 according to recent data from Savills compared to 12% in London. One of the hottest regional locations is Winchester where the strong property market has boosted the influx of people relocating to this small but vibrant city. At Knights Quarter close to the heart of Winchester, renowned developer Berkeley is offering an outstanding collection of apartments, penthouses and houses that make an exciting investment opportunity.
Winchester boasts all of the pull factors that attract tenants – a thriving jobs market, good transport links and excellent schools for families with children. And with tenant priorities changing post-Covid, more people are looking to move out of London with better access to the great outdoors. According to Dataloft research, access to a garden or outdoor space has become more important for over two-thirds of tenants, as has broadband speed and the availability of space to work from home, while nearly a third are prepared to pay a premium for access to an on-site gym.
Tenants renting a home at Knights Quarter will have access to tranquil landscaped gardens, a private residents’ gym, on-site concierge services and secure car parking, all within easy walking distance of everything Winchester has to offer. Investors will be assured of strong yields as well as the peace of mind of buying from a high quality housebuilder like Berkeley. The city has seen a 3.6% rental price growth over the past year, a trend that is set to continue.
Ben Annetts, Sales and Marketing Director at Berkeley Homes Southern, comments: “Winchester’s rental sector is robust and attracts a wide variety of tenants reflecting the city’s flourishing nature. Investors will find much better potential here than in London with market conditions indicating strong growth in the next few years and the cost of borrowing made easier by historic low interest rates. The homes at Knights Quarter are conveniently located within easy reach of the station, city centre and green spaces ticking all of the boxes for tenants that want convenience and an excellent quality of life. We understand that tenants’ needs are evolving especially in light of the pandemic and that those renting new build properties are particularly discerning but our flexible, high specification properties are carefully designed to suit different lifestyles.”
Job opportunities in Winchester are booming and the employment centres of Southampton and Portsmouth also close by, meaning this sought after place to live is continuing to rise in popularity. The city is is ranked in the top 7% in the UK for its economic growth potential, attracting workers from many professional industries especially technology and bringing many…