Vista Tower, Stevenage, Hertfordshire SG1Guide Price: £210,000 – £270,000
In an excellent town centre location, Vista Tower is a contemporary refurbishment project that is perfectly placed to reap the benefits of the new investment in Stevenage. With attractive entry prices secured, investors can be confident of first-rate yields as well as strong capital appreciation.
Stevenage is just a short distance north of the capital, this prime commuter town is set for a surge of regeneration investment that is already beginning to drive the local property market upward.
With direct journeys to King’s Cross within 24 minutes and property prices significantly lower than London, Stevenage is the ideal destination for the busy commuter that wants an affordable home. Stevenage qualified as one of the top ten most affordable commuter towns in The Telegraph in Q4 2014. The ripple effect from London will continue to spur growth in housing prices.
- Modern open-plan 1/2-bed apartments
- Private car parking spaces available
- At the heart of a wider GBP250 million regeneration programme set to revitalise central Stevenage
- Nine minutes’ walk from Stevenage station, from where trains reach King’s Cross in just 24 minutes
- Apartment sizes from 527 to 825 square feet
- Completion expected in Q3 2016
- Projected gross yields of up to 6.63%
The case for Stevenage:
- Stevenage has one of the highest proportions of first-time buyers in the UK at 21.68%. House prices grew 15% between 2013 and 2014.
- Across Greater London and the commuter belt, homeowners are expected to see values climb by 24% to 2020
- Rental supply is limited in the area and therefore demand is high. This is fuelled by the number of bluechip companies in the area, such as GSK. Stevenage tops the list as the most sought after area to rent outside Greater London.*
- Stevenage Borough Council has granted outline planning permission for the comprehensive redevelopment of Stevenage town centre. The GBP 250m scheme is designed to re-establish
- Stevenage as a major business and leisure destination. Proposals include new shops, restaurants, offices, a public transport interchange, a hotel and up to 120 new homes.
- With about 108 trains a day going directly to locations like King’s Cross or Finsbury Park, Stevenage is particularly well located to serve north and central London. An increase in the availability of jobs in the local area has also seen an increase in the demand for flats and new build properties.