UKPI have today announced the launch of a new development in Newbury, Berkshire.
The new scheme is a brand new block comprising just 10 x two bedroom purpose-built apartments, set over two floors. Situated in a quiet location on Sidestrand Road, in the heart of an established residential area, the site is surrounded by mature trees and attractive landscaping.
The development is conveniently located within easy walking distance to local schools and just over a mile from Newbury town centre and the railway station.
The location and design of these high specification apartments make them ideal for letting and investment. There is good rental demand in the area and a shortage of suitable property.
The spacious apartments have been designed to make the best use of space and light while creating a modern and comfortable living environment. Set over two floors, the development is located in a quiet and tranquil setting within an established residential area, surrounded by mature trees, attractive landscaping and with ample parking.
Inside you’ll find well designed interiors making the most of natural light. Kitchens come with a range of modern appliances, all seamlessly integrated into beautiful and practical layouts. Bathrooms feature designer fittings, creating relaxing havens of white and chrome. Master bedrooms are complete with built-in wardrobes.
Prices start from just £165,950 and anticipated rents will be from £825 per month, providing a yield from 5.7%.
Richard Gordon from UKPI said: “We are delighted to be releasing these fantastic new apartments. This is an excellent block in a quiet and established residential area and at these prices we are expecting a great deal of interest.
“The scheme will be finished around the end of May and we already have interest from tenants, and a possible deal with a serviced apartment operator who will rent the entire block for five years. This could be a fantastic deal for investors as it means guaranteed rent, no voids and no management fees.”
To obtain further information, brochure and floor plans, click here.