QUEEN MARY’S GATE IN SOUTH WOODFORD IS PROVING TO BE A WISE INVESTMENT
Telford Homes’ landmark Queen Mary’s Gate development in South Woodford, London E18 is proving to be a savvy investment despite unsettled times in some areas of the property market, thanks to it’s high quality design, great location and proven track record of rental returns.
Queen Mary’s Gate ticks all the right investment boxes â€“ including its location in the heart of thriving South Woodford, close to a London Underground station, major roads and town centre amenities. The apartments are finished and fitted to an excellent specification and are set within beautiful gated landscaped gardens. All homes benefit from a 24/7 concierge service at the gated entrance and the dedicated Telford Homes’ customer service team provides exceptional service before and during your move-in. The additional 24/7, 365 days a year emergency service provided aims to ensure minimal fuss for all residents, with any problems swiftly resolved.
Recent completions at Queen Mary’s Gate have included a number of apartments being rented out by local lettings agents who report that they have been extremely popular. Marc Lissen from Forest Bureau, part of the PMS FB Corporation Ltd has marketed a number of rental apartments at this development. He comments: “The quality at Queen Mary’s Gate speaks for itself and we have had no problem renting out homes at the development and achieving a good monthly rental income for our clients. We have even had speculative enquiries from prospective tenants, asking specifically for apartments at Queen Mary’s Gate, proving that they are genuinely sought after.”
Sean Cracknell of neighbouring agents Homes & Co, South Woodford adds: “The tenants we are placing at Queen Mary’s Gate are delighted with the size and finish of the apartments and we have been achieving full rental asking prices for the properties. Such is the demand that we have even let some apartments off-plan before they have even completed and that is practically unheard of here in the lettings industry!”
One bedroom apartments are proving particularly popular amongst investors who, as as well as a good rentals, should also achieve a good return on their investment in the long term â€“ Land Registry figures show an 11% rise in house prices in the borough of Redbridge in the last year.
Telford Homes Marketing Director Sheena Ellwood comments: “With its great location, close proximity to the Central line tube and excellent quality of finish, we knew from the outset that Queen Mary’s Gate was going to be a popular choice for investors. We are delighted that this is proving to be the case; with the great majority of buyers being owner-occupiers here, good rental returns are being achieved by investors in so far as demand exceeds supply. Completions at the development are ongoing so investors who purchase now should start to see a return pretty much straight away as the rental market is generally strong. Most investors so far haven’t even needed to furnish to let, adding further savings.”
All apartments at Queen Mary’s Gate benefit from all floor coverings and kitchen appliances being included as standard. Appliances by Smeg are fully integrated into the Urban Myth kitchen and include oven, hob, extractor hood, fridge/freezer, washer/dryer and dishwasher.
Apartments available now which would be well suited to the rental market include a one bedroom apartment in Ivory Court (IC02) available for £222,500 or a two bedroom/two bathroom apartment in Harrison Court (HC02) available for £290,000, which also includes a basement parking space.