New homes for sale promise Olympic gold for fast investors

A UK property developer hopes a new scheme will prove a competitive investment thanks to its proximity to the site of the next Olympic Games. George Wimpey said packages to suit a range of buyers including investors were available at its eye-catching Altius apartment homes development.

Close to site of the London 2012 Olympic Village, the homes include one, two and three-bed apartments plus a range of houses. The company is offering a range of price cuts for those prepared to snap up a property quickly.

Some buyers of the ‘ready-made’ homes could pay £199,995 ($280,759) for a one-bedroom apartment, but a ‘Fastmover’ scheme means a buyer exchanging in four weeks pays only £189,995 ($266,830), while someone sealing a deal in two could get the property for £179,995 ($252,786).

George Wimpey said: “Altius enjoys an excellent location, close to local shops, bars and restaurants, within walking distance of the London 2012 Olympic Village and within easy reach of the City for commuters.”

Property close to the site of the 2012 Olympics, in the east end of London, is expected to be in high demand in the run up to the event.

The Altius is also near to Clapton train station and the homes are also close to a golf driving range and equestrian centre.

The property market in the UK could get a boost after interest rates were cut to 0.5 per cent, according to some estate agents.

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