Confidence Builds as Buy-to-Let Investors Return
Story posted: 9/09/2009
The property market in Maidstone is recovering as bespoke new developments herald the return of buy-to-let investors. Developments such as Higgins Homes’ beautiful restoration project, The Old Hospital in Maidstone, are attracting investors such Fergus Alexander and restoring confidence back in bricks and mortar.
Fergus, a 45 year old lawyer who works in London comments: “Having lived in or around Maidstone for 20 years I know the local property market very well, so when I heard about The Old Hospital I knew that if it was developed sympathetically it would be a unique place and an ideal investment opportunity. The original site is in a perfect location as it is a quiet road, but within a short walking distance of the main high street and other amenities.
“Higgins Homes has an excellent reputation and the flat I have purchased is bespoke and finished to a very high standard. Everything is top quality, both inside and out. It possesses all of the High-Tec gadgets one could need and also has great environmental credentials, such as a heat recovery unit. I would only buy something where I would happily live myself.
“I see this property as secure, long term investment. Good properties always sell, but they don't tend to appear on the market when times are tough. I was really pleased when I heard that The Old Hospital was being progressed, and was the first in line when the apartments were available to view. I can say that Higgins Homes has exceeded all my expectations by a considerable margin. I have no doubt whatsoever that the flat will command a premium rental and also attract a tenant who wants the best.” The Old Hospital, the former Ophthalmic and Aural Hospital, is a collection of stunning Grade II listed buildings, which are being carefully restored and converted into 17 one and two bedroom luxury apartments by award winning house builder, Higgins Homes. Set around the same landscaped courtyard, 57 new homes are also being created on this central brownfield site behind the High Street, just off Church Street. The new homes cleverly combine sleek contemporary architecture with period style features and characteristics to reflect the historic buildings.
The apartments are all fitted with contemporary kitchens from leading designer Urban Myth which include a stainless steel oven, a ceramic hob, an integrated fridge/freezer and a washer/dryer. The properties are heated with an economical and ecologically friendly air-driven heat exchange system, which is one of the reasons why the development received a ‘Very Good’ rating under Code 3 of The Code for Sustainable Homes.
The historic town of Maidstone is just 37 miles* from London. The capital is easily accessible with regular direct trains to London Victoria taking under an hour.**
Prices at this unique development start at £129,950 for a one bedroom apartment and £169,500 for a two bedroom apartment. To view the brand new show apartment or for further information telephone: 01438 746 930.
*RAC route planner
** National Rail
