Development Opportunity Sheffield, UK
Type: Student AccommodationMix use development site for £850,000
This striking waterfront development comprises a collection of stylish apartments along with an extensive range of amenities to form a new riverside destination, all just 43 minutes by train from Central London. Victory Pier is an award-winning development, part of the multi-billion pound ‘Medway Renaissance’ programme, which has seen a total transformation of this stretch of the river. Along with a vibrant new community, the programme is attracting businesses to the area and investment into the surrounding area. With attractive rental yields and the ongoing regeneration of Medway, Victory Pier’s waterside apartments provide a unique opportunity for investors who want to expand their current rental portfolio or make their first investment.
Just a 45 minute commute to St Pancras International railway station, Chatham is ideally located for those looking to work in London whilst also enjoying the peace and tranquillity of the picturesque maritime town. As well as being close to London, Chatham itself is one of the fastest-growing towns in the commuter belt thanks to a significant amount of inward investment which has been funnelled into economic growth, community infrastructure and cultural projects. In addition to being a destination itself, residents of Chatham are also only a 30 minute drive from the Bluewater Shopping Centre which is the fourth largest shopping centre in the UK.
Chatham is a fantastic opportunity for investors today as people are leaving the capital in droves, opting for the suburban areas where there is cheaper property. Competitive prices coupled with promising development schemes taking place in the Medway towns have made the south-eastern conurbation one of the most sought-after locations in the UK. House prices have been rising rapidly over the last decade, up 29% since 2004 with Chatham taking advantage of young professionals being priced out of London property. Despite being voted as the best city in the world last year by consultancy firm PwC, cash-strapped Londoners between the ages of 30-39 are leaving the city in numbers, with many moving to the nearby towns and villages in the London commuter belt.
It is predicted that these areas around the commuter belt will see house prices grow by approximately 17% by 2021, which means that investors must act quickly to snap up affordable housing, such as Victory Pier. Chatham has been identified as one of the best performing towns in the UK for house price growth in the last year, and it is certainly creating interest amongst investors who are looking for a future outside of London.
Contemporary fitted modern kitchens
Integrated Smart Appliances
MVHR Home Energy Ventilation System
Wifi Residents Lounge
Spacious balconies for all apartments
Outdoor gardens & landscaping
High-quality engineered flooring
10 Years Built Warranty
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