The great range of house types at the Park gives landlords plenty of scope to invest, with affordable two, three and four-bedroom homes that are set within one of the most commuter-friendly areas on the south coast. If tenants need to go into the office, a walk through the former deer park to the railway station or a hop onto the motorway, brings it within easy reach.
Versatile layouts in the Park’s Langley and Harewood homes and the two-bed, two-bath, two-parking space Radleys present an appealing picture for investors who want a low-maintenance, tenant-ready BTL option as one the Park’s landlords confirms.
When construction first began at the Park, Helen, a local homeowner, decided to invest in two new properties in Avenue Park because it made sound financial sense.
‘I loved the appeal of the Park and its setting,’ she explained. ‘Who wouldn’t want to live in a new home with that beautiful landscape all around you? It’s a wonderful place to live and, with mortgage rates, rental values and long-term property values so favourable, I decided to invest here.’
Helen invested in two two-bedroom Woburn homes at Avenue Park and both were rented quickly. Indeed, the exercise was so worthwhile that she recently added to her portfolio with two, two-bedroom Radley homes in Homewood Park that were snapped up by tenants who are now enjoying life at the Park.
Two and three-bedroom homes are traditionally considered the most secure in terms of a BTL purchase and with rates as low as 1.19 % fixed for two years with The Mortgage Works, it’s a great time to take a consider an investment at the Park. We asked Charters Financial Services, the Park’s recommended mortgage advisor, to provide an illustration for a 3-bed Harewood, which are among the most popular homes for landlords and tenants.
Example Buy to Let mortgage illustration:
If you’d like to explore your options and find out more about the most suitable private rental properties for Buy to Let investors at the Park, please view our Homes pages or contact our Sales Team on 023 8001 1620.
To download the full UK Rental Market Report by Zoopla, please click here.
*This illustration is provided on the basis of an Interest Only mortgage over a 25-year term on a two-year fixed rate of 1.69% with a £1,499 arrangement fee.
This is an example rate; these vary daily so this illustration does not constitute an offer. Mortgage is subject to full underwriting, affordability and credit scoring via the lender, this rate and product was valid at point of printing.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.