Riverside project 'good property investment material'

Barratt Homes is marketing a riverside development as a top UK buy-to-let opportunity after it began to prove a hit with property investors.

The firm said its Riverside Plaza project in Maidstone was attracting buyers with an eye on the long-term market.

Professional property investor Sue Hainsby and her husband bought a two-bedroomed apartment in the development and remain “undeterred” by the current difficulties in the UK property market.

Mrs Hainsby said:

“We choose properties to invest in very carefully and we don’t believe the buy-to-let market will be affected in the long-term.

“Riverside developments are always in demand, and the quality of the homes, together with a great location close to the town centre and station, tick the boxes for a good investment property.”

Riverside Plaza is located on the banks of the River Medway, a short walk from Maidstone.

Remaining one-bedroom apartments in the scheme are priced from £129,995 and two-bedroom apartments from £169,995.

A study from Bradford and Bingley recently found 90 per cent of property investors, four per cent more than last year, remain confident in their portfolios despite the current house price slump.

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