152 Silbury Boulevard

Transcription

1 152 Silbury Boulevard MILT O N KE YNES The Residencies 1

2 152 Silbury Boulevard MILT O N KEYN E S 30 Milton Keynes 29 S property B S prices B S S early B B minutes from London Euston up in 5 years by 37.63% luxurious, centrally located Completion due 2019 apartments 2 3

3 CONTENTS 1. Introduction 2. The Development 3. Milton Keynes, Buckinghamshire 4. Milton Keynes in Figures 5. The Investment 6. One Investments 4 5

4 Milton Keynes designed to be perfect for access to London, Birmingham, Leicester Oxford and Cambridge Property prices in Milton Keynes have risen by 3.88% in the past year and by 37.63% in the past 6 7

5 The ultimate example of a new style of urban living for those wanting access to London while living in a town based on garden city ideals S B S which are ideal for local professionals and London commuters alike. 8 9 B

6 MILTON KEYNES: 50 YEARS OF SUCCESSFUL TOWN LIVING Milton Keynes is a thriving economic hub in its own right. Average wages (based youthful population that contributes to its dynamic business environment and family atmosphere. Why Milton Keynes? Milton Keynes Stevenage Unique town that was built to showcase the best principles of city planning Equidistant from London, Birmingham, Leicester, Oxford and Cambridge. 30-minute train ride from London Euston. Over 20 million trees planted in the town. A5 Dunstable M1 Luton A1 St Albans 22.6% of residents are under 16; 12.1% are 65+ (compared with 19.0% and 17.3% respectively for England as a whole). Watford Extensive shopping scene, complete with two malls that give it one of the largest covered shopping areas in Europe. London Milton Keynes Central Bletchley Leighton Buzzard Cheddington Tring Berkhamsted Hemel Hempstead Ansley Kings Langley Watford Junction Bushey Harrow & Wealdstone Wembley Central London Euston Milton Keynes plethora of green spaces and outdoor areas has led to it being a local hub for cultural events, from festivals to concerts. The focus on outdoor living is emphasised through the town s 270 km of cycle routes and 5,000 acres of parkland

7 The Residencies at 152 Silbury Boulevard MILT O N KEY N E S 12 13

8 152 Silbury Boulevard MILT ON KEY NES The 29 luxury apartments at 152 Salisbury Boulevard have been designed with contemporary, professional central location is perfect for those working in Milton Keynes and looking to get the best out of the nearby array of bars and restaurants

9 The development is within walking distance of Central Milton Keynes railway station, with London Euston just a 30-minute train journey away. 152 Silbury Boulevard MILT O N KE YNES 16 17

10 152 Silbury Boulevard MILT ON KEY NES Investment options vary, bathroom and appliances packages all available, as well as ready to move in furniture packs. Studios, onebedroom and two-bedroom apartments are all available, with a focus on open plan design and luxurious living. Allocated parking and a concierge service come as standard. The high specs include built-in wardrobes and city views

11 152 Silbury Boulevard MILT ON KEY NES plan apartments is due to begin in February 2018, with completion in early

12 Open plan living area Outdoor and Indoor Living Italian style designer kitchens with white gloss and wood trima Fitted hob, oven and cooker hood Integrated Fridge, Freezer and Dishwasher White Panelled internal doors with chrome ironmongery Built in wardrobes Luxury bathrooms Double glazed windows 152 Silbury Boulevard 10 year warranty MILT O N KE YNES 22 23

13 Travelodge 152 SALISBURY BOULEVARD MK College The individually designed, luxury apartments come in a range of shapes and Silbury Blvd Upper Second St 5 min (priced from 206,700). One-bedroom apartments are sized from 350 sq ft / 32.5 m2 (priced from 217,300), while two-bedroom homes start f rom 549 V6 Grafton St Wetherspoons sq ft / 51 m2 ( 259,700). Yields are in the region of 5%. A5 A5 A5 A5 would be delighted to introduce you to a broker if required. M&S MK Rail V6 Grafton St V6 Grafton St 10 min A5 Argos Toys R Us Morrisons is available from 206,700 for a 150-year leasehold. A deposit of 5,000 (taken from the purchase price) is required, followed by a 15% payment upon ex - change of contracts and a further 10% payment 60 days after the commence - ment of works (due February 2018). The balance is due upon completion, which is estimated to be in early

14 MILTON KEYNES BUCKINGHAMSHIRE MULTINATIONAL HQ S BASED IN MILTON KEYNES As of Q2 2016, Milton Keynes was ranked as the joint fastest growing city in the UK by the City Tracker report (though technically a town, Milton Keynes is often referred A wealth of service and knowledge-based industries contributed to annual GVA growth of 2.7%, according to UK when it came to urban economic projections looking ahead in the decade to 2026 (with projected growth of 22.6%). The local economy is made up of a range of sizeable employers and small and medium enterprises. The latter account for some 99.4% of private businesses in Milton Keynes, compared with 99.9% nationally. Large employers in the area include Santander, the Open University, Network Rail, the Volkswagen Group and Mercedes Benz

15 MILTON KEYNES IN FIGURES of four major growth areas in SouthEast England. As a result of this, Milton new development. (Milton Keynes Local Economic Assessment, January 2016) Milton Keynes has experienced an 18% increase in its population in the past decade. That puts it well ahead of the national average of 8% growth. That growth is expected to accelerate over the coming decades, grow ing by 24% to reach 310,000 residents by While Milton Keynes is any easy commute from London, the Local Economic Assessment report from January 2016 shows that 70% of the town s employed residents work locally. Elementary administrative/service occupations, administrative roles and sales/ customer service jobs account for more than 30% of local employment

16 THE PROPERTY IMPACT In many respects, Milton Keynes is leading the UK in terms of its approach to housing. The town added to its stock of residential prope rties by 18% in the decade from 2004, meaning it boasted the highest growth of any local authority outside of London (and only one area within London Tower Hamlets added to its dwelling stock at a faster rate, based o the Department for Communities and Local Government). England s overall residential accommodation stock grew by 8% over the same period, with many areas falling further and further behind the number of units needed to house their growing populations. has risen by 3.88% over the past year, to reach an average of 315,342. The average apartment price (at the time of writing) stands at 173,098. Viewed over the longer-term, home values The proportion of private tenants in Milton Keynes has doubled, from 9% of residents in 2001 to some 18% of residents at present. The average asking rent, based on Zoopla data, currently stands at 1,030 pcm. Apartments are popular among the town s renters, with both one-bedroom and two-bedroom apartments commanding higher rents than houses with the equivalent number of bedrooms. From an investment perspective, this creates some excellent opportunities. Milton Keynes has a well-established housing marketing with strong underlying conditions in place for the development of new homes. Meanwhile, its growing population and stable economy provide a wealth of families looking for a high standard of rental accommodation. Despite its excellent rate of progress, Milton Keynes still needs to build plenty more accommodation if it is to keep up with the projected 24% increase in population by In terms of the town s tenure characteristics, 81.3% of homes are privately owned. These are split between a mixture of owner occupiers and private landlords. One dwelling type that Milton Keynes lacks, when compared with the South East, as well as England as a whole, is apartments. The town s Strategic Housing Market Assessment showed that just 17% of its stock of accommodation was made up of apartments

17 INVESTMENT Flat 17-2 Bed Apartment 265,000 NET Rental Return Year 1: 13,352 NET Rental Return Year 2: 14, NET Rental Return Year 3: 14, NET Rental Return Year 4: 15, NET Rental Return Year 5: 16, NET Income Over 5 Years: 74, % Price Uplift on Purchase Price: 89,040 Total Projected Income Over 5 Years: 163, As affordability becomes even more constrained in London, demand will spill out to commuter towns like Slough and Reading. High projected population growth will be coupled with high household disposable income growth. Above average house price increases will improve total returns for residential investors. Regional Rental Market Report. Projected ROI after 5 Years: 55.03% Projected Annualised NET ROI: 11.61% *Rental return less management costs at 10%, service charge and ground rent. ** 20% rental growth to 1560 PCM in line with opening of Crossrail. *** Steady 5% rental growth per annum. Recommended Management Company One asset management One Assets Management are a management and lettings company based in London specialising in the management and lettings of city centre properties to young professionals and city workers. One Assets Managements team have a wealth of experience in the London and commuter belt propert market and have recently turned our attention y service in this growing market. One Assets Management pride ourselves in providing an all encompassing lettings and property management service ideal for armchair buy to let property investors

18 PAST PROJECTS: Q3 - THE RESIDENCES HEATHROW, LONDON SAPPHIRE COURT SLOUGH HIGH STREET A commercial to residential conversion to create collection of 16 modern apartments. Apartments are 1 bedroom (studio) and 1 bedroom with sizes from sqft due for completion Q apartments, 4x Studio, 9x 1 Bedroom apartments and 3x 2 Bedroom apartments on Slough High Street completed in June

19 152 Silbury Boulevard MILT ON KE YNES ITALIAN CONSULTANT Milano/Trieste Tel Servizio Clienti: italia@caseineuropa.it 38