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Students Drive Increase in Rental Returns

The Royal Gallery, Crest Nicholson SouthThe market for apartments in Kingston upon Thames continues to rise, according to local estate agents Gascoigne Pees, with investors looking to snap up one and two bedroom properties to meet growing demand from tenants. Rental rates are being pushed up by a lack of stock and increasing demand from students, with Kingston recently being named the second best place to invest in student property in the UK, as well as young professionals commuting into London according to Knight Frank. There’s never been a better time to invest in an apartment in Kingston, and award-winning house builder Crest Nicholson’s development The Royal Gallery, situated right in the centre of the vibrant town, is ideally suited to meet the growing demand.

Charlene Williams, Branch Manager of Gascoigne Pees Kingston, comments: “We’ve seen rental prices rise exponentially in Kingston over the past couple of months, mainly for apartments. This is largely driven by the student population, but also those looking to commute into London. We’re seeing a lot of interest from overseas investors, and in particular those who have older children who could live there as students or young professionals, who see it as a personal investment as well as a financial one.

“Kingston is a great place to live and the Royal Gallery is right in the centre of the action with a host of bars, restaurants and shops right on the doorstep. It’s a vibrant town but with its riverside walkways and easy access to the countryside, it also offers a more relaxed pace of life than many other areas closer to Central London. In addition, it’s considerably better value than other Central London suburbs, but with trains to Waterloo taking less than half an hour, everything the capital has to offer is still within easy reach.”

Christine Tiernan, Sales and Marketing Director at Crest Nicholson South, comments: “Kingston has always been a popular destination and what we’re seeing here is a rising demand for apartments with a limited amount of stock to reach that demand, pushing rental rates higher and higher. The Royal Gallery is a great choice for investors with its quality and conveniently located one and two bedroom apartments. There’s everything that the student or young commuter would look for in a home, with shops, bars and restaurants nearby and central London within easy reach. Whether you’re looking for a home for a family member or the perfect rental apartment, The Royal Gallery is the ideal solution.”

Situated on Skerne Road, The Royal Gallery comprises of 78 one, two and three bedroom apartments and two and three bedroom penthouses all with spacious interiors. All apartments benefit from either a terrace or balcony, with a selection of penthouses will also be available encompassing large roof top terraces. Kitchens come complete with stylish units, electric ovens and brushed steel Bosch appliances, including an electric oven with chimney hood and gas hob. Bathrooms and en-suite bathrooms to master bedrooms include elegant Hansgrohe fittings.

The area has much to offer tenants, with the nearby leisure complex, the Rotunda centre, encompassing an Odeon cinema, ten pin bowling, and many restaurants. For more active tenants, the Rotunda centre is also home to a David Lloyd Fitness Centre and a number of golf clubs are available to join in the area. The Esporta health and fitness club is also on the doorstep. In addition, Canbury Gardens is just minutes away from the development and covers over 14 acres of public space along the River Thames, encompassing tennis courts and Kingston Rowing Club.

Kingston upon Thames has good communication links with London and the south east via the M25 and M3 motorways as well as the A3. South West Trains also run peak time services from Kingston every 10 minutes via Wimbledon and Clapham Junction to Waterloo. Heathrow Airport is located approximately 16 miles away and can be accessed via the A307 and M4, whilst Gatwick Airport is located approximately 30 miles away and can be accessed via M25 and M23 motorways.

One bedroom apartments start at £239,950, two bedroom apartments start at £309,950, and two bedroom penthouses start at £459,950. For further information please contact Crest Nicholson’s Sales Advisors on 0870 751 3956. Alternatively, please e-mail theroyalgallery@crestnicholson.com or visit www.crestnicholson.com/theroyalgallery.

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