New apartments in Totnes proving a hit with investors

22/05/2017 - General

A superb location, competitive prices and good rental yields have made the apartments at a riverside development in Totnes an attractive option for investors.

There are now just four apartments remaining for sale at Bloor Homes’ Baltic Wharf development on St Peter’s Quay, which is located just a short, five-minute walk away from the town centre.

A one-bedroom apartment is available for £189,950, while there are three two-bedroom apartments priced between £249,950 and £274,950.

With easy access to the town’s wide range of amenities, close proximity to the Devon coastline and Dartmoor National Park, and direct rail services to Plymouth, Exeter, Bristol and London, Baltic Wharf has proved extremely popular with a variety of buyers, from young professionals to retirees.

And the stylish new build apartments, which offer high quality finishes and low maintenance requirements, present an ideal opportunity for would-be investors.

Rowena Adams, Regional Sales Director at Bloor Homes South West, said: “Totnes has been described by the Sunday Times as one of the best places to live in Britain so it’s no surprise that the homes at Baltic Wharf have proved so popular. The development enjoys a prime location close to the town centre and offers a rare opportunity to live in a new build apartment in Totnes, and these factors have undoubtedly proved a major draw for buyers.

“Although the benefits of buying new are well known, the apartments also hold great appeal for young professionals who would prefer to rent, making them an attractive proposition for investors, particularly as they require less maintenance than older properties and are more energy efficient.  

“The remaining four apartments at Baltic Wharf are all ready to move into, with applicances, light fittings and curtains included, and with an estimated annual rental yield of four per cent, provide excellent value for money.

“We don’t expect these properties to be available for long, so I would therefore encourage potential buyers and investors to contact us without delay in order to avoid disappointment.”

Among the investors to purchase at Baltic Wharf is 52-year-old Dave Brayley, who has bought two apartments at the development.

He had been looking to invest in property closer to his home in Bristol, but discovered he could get more for his money in Totnes after being impressed by the quality of the homes at Baltic Wharf.

He said: “I spotted the development whilst driving away from Totnes one day and decided to have a closer look.  I was particularly impressed by the finish of the properties, the location is ideal and the rooms are very generously sized.

“The two-bedroom apartment has a very nice view over the river and provides a pleasant atmosphere for young professionals, to whom I rent out the property.

“I was extremely impressed with the speed of the buying process. Just seven weeks after I first visited the development, my first tenants had moved in. It was an unbelievably quick process, thanks to the efficiency and quality service from Bloor’s sales team.”
For more information about the remaining apartments at Baltic Wharf call 01803 896957.