Due to the current £1.7m regeneration programme which is dramatically improving the town centre, and the potential for High Speed One rail links extending to the town, Hastings has become an increasing popular choice for investors looking to capitalise on a strong rental market. With a strong mix of renters and buyers wanting to move from the city and down to the coast, HSBC’s annual report shows that Hastings had the third best rental yield in England, with an eight per cent increase on the previous year .
David Quick (60), who runs a property investment business in East Sussex, has recognised the quality of Millwood Designer Homes on more than one occasion. Not a stranger to the Millwood brand, David saw a great investment opportunity after discovering one of their earlier developments close to his home. Twelve years later, recognising the potential of the surrounding area and quality of homes on the development, David purchased a garden apartment with private carport at Woodlands View, The Ridge, Hastings.
“I originally bought a Millwood home 12 years ago. It was a traditional 15th century Yeoman-style farmhouse with private jetty on the Sovereign Harbour development in East Sussex. I lived close to the development and just spotted it one day. It seemed a natural choice to invest in such a unique, high quality home, an opportunity I could not resist. Like Sovereign Harbour, the decision to purchase at Woodlands View was instinctive and it has proven to be right by the speed of reservations.”
With a regeneration strategy to develop and rebrand Hastings as a major cultural destination, including the opening of the Jerwood Gallery and the Creative Media Centre; the town’s artistic credibility is on the up. The seaside town’s popular café culture is also helping towards its transformation into a trendy place to live, and now with plans to extend the High Speed 1 train line to Hastings; buyers should look to make a smart investment at Millwood Designer Homes’ new Woodlands View development.
“As an investor, I am constantly viewing new build property, and Woodlands View in particular stood out due to its unique setting and design appeal. Thanks to the current improvements and regeneration of the surrounding area and possible extension of the High Speed One rail line, these factors will likely increase desirability and not least rental yield. It seemed unquestionable the apartment would be very lettable, and at some future point easy to sell on.”
The one and two bedroom apartments have now sold however Woodlands View still offers traditional two to five bedroom terraced, semi and detached homes, the development is located on a desirable private road, and combines semi-rural period charm, with a wealth of amenities and first-class transport links.
Homes at Woodlands View have been carefully laid out with a mix of different styles and are nestled in picturesque surroundings backing onto woodland with stunning views across the countryside towards the coast. The homes blend contemporary and traditional facade with a modern specification and the latest trends, which include stylish kitchens and contemporary bathrooms.
Hastings is conveniently situated on the south coast with major cities and towns such as Brighton & Hove and Royal Tunbridge Wells only an hour away. From Hastings station trains into central London currently takes 90 minutes with direct services into Charing Cross, Cannon Street, Waterloo East and Victoria. The introduction of High Speed rail links to Hastings will reduce the journey time from Hastings to Kings Cross to 68 minutes.
Prices start from £325,000 for a four bedroom home with the Help to Buy scheme, all properties at Woodlands View are available with Help to Buy.