Take Advantage of The Buy-To-Let Boom

The average monthly rent across 18,000 homes in England and Wales has risen almost £30 in the last twelve months, with the average rent reaching over £700 per month, new research suggests.*  Investors are being urged to take advantage of this buy-to-let boom and invest in property with potentially excellent long-term yields, particularly in up-and-coming areas of London. 

According to multi-award winning house builder Higgins Homes, Aqua Vista in Bow, E3, is a prime example of one of these areas and new homes there could provide investors with a perfect opportunity to take advantage of the current rental record highs. 

Jeremy Marcus, Sales and Marketing Director, Higgins Homes, comments: “Rents have skyrocketed in London as demand for rental accommodation has increased. The average length of a residential tenure has also risen, now up to 19 months. These factors make now the perfect time for investors to purchase property, as they are almost guaranteed a healthy rental return for a considerable period of time.” 

Although house prices have risen throughout London in the past 12 months, there are still some great deals available. Higgins Homes is offering chic two-bedroom apartments at Aqua Vista for under £250,000. 

The newly completed Aqua Vista comprises four beautifully designed, highly contemporary, bright white apartment buildings with striking yellow ascents, each at a different height and easily identifiable by their extensive glazing. Also completed are the central courtyard and beautiful canal-side walk and for added security, there is now underground parking and an on-site concierge. 

The remaining apartments all have access to Aqua Vista’s beautifully landscaped communal central gardens. Each home also features a beautifully appointed Urban Myth kitchen with Smeg appliances, a stylish bathroom and a fabulous light, open-plan living area. 

Aqua Vista is also ideally located close to Bow and the financial hub of Canary Wharf and the City. Excellent transport links are available from Mile End Underground Station on the Central line and Bow Road Station on the District and Hammersmith & City lines, while Devons Road DLR and Langdon Park DLR stations are nearby. The North Circular Road leading to the M11 is also easily accessible, making Aqua Vista extremely well connected. 

Jeremy continues: “Aqua Vista’s exclusive design, fantastic location and easy commute to and from central London makes buying and living here a simple decision for investors and renters alike. 

“But in addition, a string of urban renewal projects is currently underway in the area, designed to improve the area’s aesthetic appeal, its community facilities and to attract more prospective buyers to the region, in time for next year’s Olympic Games. These projects will strengthen the popularity of this pocket of London, ensuring an investment at Aqua Vista is likely to be a safe long-term one.” 

Contemporary studio apartments at Aqua Vista start from £169,950, while two bedroom apartments are priced from £249,950. For more details please contact the Higgins Homes sales and marketing suite on 0207 537 3714 or visit www.aquavista.co.uk  

– Ends –

Sources:

* Research by LSL Property Services quoted by Ian Cowie in ‘Buy-to-let landlords’ boom as rents hit record high’, The Telegraph, 21 October 2011. http://blogs.telegraph.co.uk/finance/ianmcowie/100012768/buy-to-let-landlords-boom-as-rents-hit-record-high-but-what-about-the-tenants/  

** www.nationalrail.co.uk