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Low interest rates boost appeal of buy-to-let

Berkeley Homes’s landmark regeneration project which will consist of some 400 homes, a quality hotel, café, restaurants, commercial space and a small amount of retail, has proved particularly popular to date with owner-occupiers.

However, since the launch of the latest phase, Chamberlain Court, interest from those looking for a buy-to-let investment has picked up significantly, the firm said.

Steve Slawson of Belvoir Lettings said: "Having recently let property in the Waterside development we wouldn’t hesitate to recommend the development for investors looking for a good long-term investment. We have achieved £795 per month on a two-bedroom apartment which gives a healthy figure for the Worcester property market. The properties are in an ideal central location and are all finished to the high standards required by our tenants."

Lucy Gibbons, Sales Manager at Knight Frank said: "Chamberlain Court’s main selling point is the great location. It is the closest apartment building on the development to Worcester’s city centre and this appeals to both mature purchasers looking to downsize and young professionals alike. Whilst the luxurious apartments at Chamberlain Court have attracted a range of owner-occupiers we have recently seen significant interest from the buy-to-let market.”

Chamberlain Court which comprises just 11 one and two-bedroom apartments has already achieved seven sales since the launch. While all the apartments benefit from waterside aspects, the two-bedroom apartments also offer views of the historic cathedral.

The recently launched stunning two-bedroom show home is now available to view daily. There are just three apartments remaining within this phase and prices start at £149,995.

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