12th June 2017
Boston apartments are just the ticket for first-time investors
People looking to invest in their first buy-to-let home have been finding their ideal property to rent out at Riverside in Boston.
Developer Chestnut Homes has sold a number of apartments at Riverside, off Tattershall Road, to first-time investors looking for a property which will offer a good rental return while requiring minimal maintenance.
A buy-to-let investor who purchases a ground-floor apartment within Somerton House at Riverside for £112,500 can achieve a monthly rent of £645 – a yield of 6.88 per cent – according to Boston-based estate agency Hill & Clark.
Investors who have become buy-to-let landlords for the first time at Riverside include Hazel Gosling, who lives in Boston and bought a two-bedroom apartment which was quickly let.
Hazel said: “I had been thinking of investing for some time but couldn’t find a suitable property until I saw the homes at Riverside.
“The views from the development look out over one of the prettiest spots in Boston and the riverside setting is a real draw to young people looking to rent.”
Chestnut Homes is now selling the final two apartments at Riverside, which are priced from £112,500.
David Newton, Managing Director of Chestnut Homes, said: “We are meeting more and more people who are looking to invest their money in property to let, and are looking for a home which will be appealing to tenants while letting for a good monthly rental figure.
“The feedback we often receive from these buyers is that choosing a new build home for a buy-to-let investment is particularly appealing, as the property is handed over painted and in excellent condition – meaning that there is no need to worry about maintenance and renovation costs.
“Our final two apartments are all completed, ready for tenants to move straight into – so I’d encourage any would-be investors to find out more without delay.”
Visit our dedicated Riverside page, visit our show home off Tattershall Road in Boston or call us on 01205 311473 for more information.Back To News