Whether you’re already a landlord and experienced in running your own buy-to-let business or you’re considering making your first foray into the investment property market, exploring the possibilities at North Stoneham Park should form part of your plan of attack in 2019.
‘Planes, trains and automobiles’, as the experts say, should be top of your list of deliberations when it comes to investment property location. In this regard, North Stoneham Park would be hard to beat: the nearby Southampton International Airport, its neighbouring Parkway rail station and its proximity to one of the South’s major motorway networks make it worthy of weighty consideration.
These great transport links offer great appeal to professionals, your would-be tenants, who are looking for an effortless commute to Southampton, Winchester and on into London, while those working in any of Eastleigh’s local business centres would relish the daily walk through a former deer park to reach the office.
Then there’s the community setting. North Stoneham Park is investing heavily in an array of new facilities for the Park’s residents – from a new school and nursery to retail outlets, a community centre and places to relax and recharge. Those looking to relocate or simply set up home in a rental property with ample space and a superb specification will certainly be influenced by the amenities that are close at hand.
Helen Bartlett, a homeowner from nearby Chandlers Ford, decided to invest in two new properties in Avenue Park because it made sound financial sense, as she explains.
‘I loved the appeal of the Park and its setting,’ she reveals. ‘Who wouldn’t want to live in a new home with that beautiful landscape all around you? When the entire development is completed and the community facilities are finished, it’s going to a wonderful place to live – and that’s why I decided to invest in property at North Stoneham Park. Mortgage rates and rental values are favourable so the income that can be achieved together with long-term property values at the Park makes this a very worthwhile exercise.’
Helen chose to buy two Woburn homes at Avenue Park; these two-bedroom houses offer lovely accommodation with generously proportioned rooms throughout. Both were rented quickly and Helen’s tenants are loving their new lives at the Park – indeed the exercise was so seamless that Helen is currently considering purchasing another investment property at the Park.
According to Upad*, the UK online letting agent, two- and three-bedroom houses achieve the best rental values, so we asked The Mortgage Hut, the Park’s recommended mortgage advisor, to provide an illustration for the Trentham house type, which looks set to be very popular at Homewood Park – for landlords and tenants as well as homebuyers.
Sample Buy to Let mortgage illustration:
Trentham Plot 151 purchase price: £372,500
Less deposit (25%): £93,125
Buy to Let mortgage (25 years): £279,375
Your monthly repayment**: £393.45
When you consider the yield you could achieve when renting a property in this area, it’s clear that buying a new home at the Park can represent a welcome return on your investment. According to report published by RICS (The Royal Institution of Chartered Surveyors) in April 2019***, ‘in the lettings market, tenant demand remains on a gently upward trajectory’, so the future for current and potential landlords certainly remains positive.
If you’d like to explore whether an investment property at North Stoneham Park is for you, please visit our Marketing Suite and talk to our Sales team (023 8001 1620) and contact The Mortgage Hut on 01329 822878 to evaluate your finance options.
**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.