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.