With low interest rates generating little return on savings, many investors are returning to the property market and investing in bricks and mortar as opposed to leaving their money in the bank. One savvy investor who has done just this is Robert Brooks who has recently invested in a two bedroom cottage at Crest Nicholson’s The Sycamores at Cedars Park development in Stowmarket.
“All my children have grown up and flown the nest so I felt it was the right time to move to a smaller property,” said Robert Brooks. “With the money I was saving from downsizing, the best option was to invest in a property to let instead of letting it sit in the bank where it would accrue little interest.”
“I chose The Sycamores at Cedars Park as I am certain I will be able to get a great deal of interest from potential tenants looking to live in a lovely development that’s close to the train station and just one mile from the centre of town. The coach house is perfect for a couple or some friends to share and I think it is exactly what young people want – low maintenance, great interiors and lots of space. I feel very confident about purchasing in the current property climate and am sure that bricks and mortar will prove to be a good long term investment, especially at The Sycamores.”
The Sycamores comprises two-bedroom coach houses, two and three-bedroom cottages and three and four-bedroom family houses. Homes have fully-fitted kitchens complete with a range of smart Bosch stainless steel appliances including oven, hob and extractor hood along with an integrated fridge/freezer. Well-designed bathrooms include smart white Roca sanitaryware complemented by chrome Hansgrohe accessories.
Annette Cole, Sales and Marketing Director at Crest Nicholson Eastern comments: “The Sycamores is an ideal opportunity for someone looking to venture into property investment. It has been extremely popular with investors and this trend looks likely to continue. The development provides a range of stylish homes in an attractive location, as well as being close to the train station with easy access into London, which is a huge attraction for potential tenants.”
Just one mile from the centre of the historic market town of Stowmarket, The Sycamores is surrounded by some of Suffolk’s most beautiful countryside. Situated close to Stowmarket Station, commuters to London can reach Liverpool Street in just 75 minutes, whilst Norwich is only 35 minutes away.
Prices at The Sycamores currently start from £117,500 for a two-bedroom coach house, £182,500 for a three-bedroom house and £260,000 for a four-bedroom detached house overlooking the green. For further information about buying a home and how to get a home mortgage at The Sycamores please contact 0870 755 1620 or visit www.crestnicholson.com/cedarspark.