Special investor event at Camberley development next week
Posted 14 January 2016 by Keith Osborne
With buy-to-let and second homes subject to a sizeable 3% stamp duty surcharge on purchases from the beginning of April this year, Hodson Developments is inviting investors to its Viridium scheme in Camberley later this month in order to snap up a home and beat the hefty new charges.
On Thursday 21 January, from 4.00pm to 7.00pm, the developer is hosting a buy-to-let evening to allow new and experienced investors to take a first-hand look at the new homes available at the scheme, located off London Road (GY15 3BA) in the Surrey town. The Hodson team will be joined by a number of other experts, including mortgage specialists, to explain the properties and their suitability for a property investment portfolio.
Christie Alaimo, sales director for Hodson Developments, says: “Forthcoming changes in the buy-to-let market will not only make it harder to get a mortgage but also an increase in taxes will make stamp duty costs a bit more expensive. Any investor looking to make savings when buying their next investment property will likely be aiming to complete on their purchase before the April deadline.”
Award-winning Viridium is in the heart of Camberley and offers a range of one-, two- and three-bedroom apartments, already a hit with buy-to-let investors as well as first-time buyers and downsizers. Prices start at £280,950 for a one-bedroom property.
Alaimo continues: “Although popular with a range of buyers, Viridium has proved very appealing to investors with properties achieving a return of around 5%. As well as generating a healthy return on investment, the high-quality build, finish and superb interiors means they are buying a sound property that will require minimal maintenance.
“We also have a range of special deals available on certain properties at the event which may prove even more appealing to any buy-to-let investor looking to reduce their upfront buying costs.”
Dean and Carol Meredith recently expanded their buy-to-let portfolio with a two-bedroom apartment at Viridium, with an eye on their children’s future. Ten years into their property investment career, they are now considering another property, bringing their total to five homes.
Dean says: “We knew as soon as we saw Viridium that it was going to be a good investment. From our point of view as the property has been finished to a very high standard and is brand new. No maintenance needs to be done, meaning less up-front cost for us and tenants could move in straight away. We are looking at a rental yield of around 5%, which we are more than happy with.”
Find out more about Viridium at www.hodsondevelopments.co.uk ; 01276 66693 (Romans)