Latest developments at The Eye
Buy to Let: 7%* ROI is back!
26th November 2012
No one will deny that the Buy to Let investor has been conspicuous by their absence in the last few years. It’s no surprise, a combination of reluctance by the banks to lend and a generally nervous economy has made all but the most confident property investor think twice. On-going concerns about pensions and the stock market are making investors look again at the property. But canny investors have been demonstrating their confidence in The Eye since launching in April 2012, creating a healthy balance of owner occupiers and tenants.
Investors are on the lookout for good returns and minimal voids and this is where The Eye wins hands down. In a recent report, HSBC suggests that Employers’ confidence is returning. Enterprise Zones like Temple Quarter**, which will benefit from this new confidence. With its central location, The Eye is ideal for the professional tenant, unrivalled transport links make it easy to get to work whilst riverside walks, cafés, bars & restaurants and a gym on the doorstep provide a great work life balance.
Bristol Residential Letting Company are quoting rental values for the apartments as:
- Studio apartments from £550-£600
- 1 Bed apartment from £700-£795
- 2 Bed apartment £1100-£1200
*The Yield is based on a third floor studio apartment with an asking price of £100,500 and a rental projection of £600 pcm (supplied by Bristol Residential Letting Co) which generates a gross yield of 7.2%.