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Investing And Growing At Development In Hounslow

Posted 8 December 2021 by Helen Christie

High Street Quarter from Barratt London is a mixed-use scheme in the centre of Hounslow that is appealing to a wide range of buyers for a number of reasons...

High Street Quarter is a £210m mixed-use scheme in the centre of Hounslow that will transform the town centre with 588 high-quality homes and more than 134,000 sq ft of commercial floor space, including a new 10-screen multiplex cinema and a range of restaurants, cafés, and shops. The regeneration of the area makes it ideal for both living and investing in.

Homes at High Street Quarter range from one- to three-bedrooms. As well as enjoying private balconies or terraces, residents will also have access to communal gardens at podium and roof level, bringing the great outdoors into a central urban location. The properties will enjoy a high standard of internal finish, including individually designed German kitchens with soft-close doors and drawers and fully integrated Zanussi appliances.

High Street Quarter is equidistant between Hounslow East and Hounslow Central Station (both on the Piccadilly Line), and Hounslow Station (South Western Rail) is a 15-minute walk away. It is a short train or car journey away from London’s Heathrow Airport.

Buy-to-let investment

Kam Waghela has bought his first buy-to-let one bedroom home at High Street Quarter, a development by Barratt London in Hounslow.

Kam explains: “I was looking for somewhere to invest my money, I’m not a high-risk investor so stocks and shares weren’t of interest, instead buying a buy-to-let felt more comfortable especially with it being a long-term investment. Initially I was looking at resales, but the problem with older buildings is maintenance, which made new build homes more attractive to invest in – especially as they come with a 10-year build warranty.

“The apartment is ideal, as it’s in a town centre with three stations within a 10-minute walk, with great transport links into London, Heathrow and further away. Barratt London is a trusted name, so I know I’m in good hands.”

Kam Waghela bought his one-bedroom ‘buy-to-let’ apartment for £350,000, with a deposit of £20,000.

Kam adds: “I live in Osterley with my family, which is not too far from the development. I know the area well, and I have an idea of who my tenant will be. The yields are attractive at between 4.5-5%, and I’ll be renting the apartment out for about £1,300 per calendar month. The area is transforming, so I’m confident that my investment will benefit from long-term growth too.”

Ed McCoy, sales and marketing director at Barratt London, comments: “For an astute investor High Street Quarter poses a great opportunity. As Kam Waghela can testify, the yields are attractive and long term there is potential for growth given the area’s regeneration.”

First-time buyers

There’s nothing quite like having your own patch of green in the heart of the city, and first-time buyers Jordon Thompson, 31, and his partner Cormac O’Donnell, 30, are loving the combination of having both a private balcony and a communal garden at their new home in Barratt London’s Hounslow development, High Street Quarter.

“We love to sit out on the balcony and are busy turning it into our own little patch of green,” says Jordon. “We already have a small greenhouse and flowers coming into bloom. There’s also a fourth-floor communal garden – we haven’t used it much yet, but we’ve had residents’ drinks there and it’s nice to have a communal outdoor space where you can meet the neighbours. There’s even some play equipment.”

Jordon and Cormac were renting an apartment at Great West Quarter in Brentford, also by Barratt London, when they decided the time was right to look for a place of their own. “We were renting a one-bedroom flat, but it was a bit small and we were looking to upgrade. Our rental agreement was coming to an end so we were wondering whether to buy or to rent something else. When the Stamp Duty Holiday came along, we decided we could afford to buy.”

In fact, Jordon, who is a clinical audiologist in Harley Street, had been preparing for that day since he was a teenager: “I had been saving and investing since I was 16, so I used all of that for my deposit and Cormac used all his savings too. We used the Help to Buy London scheme which really did help. Although our salaries would have qualified us for a sizeable mortgage, we would have still been nearly £100,000 short for this home without Help to Buy.”

Initially, the couple had begun looking in north London, but when they heard about the regeneration that was going on in Hounslow, they decided to take a look at High Street Quarter. “We are both immigrants to London – I’m from Canada and Cormac is from Ireland,” says Jordon. “Cormac used to live in Hounslow so he knew the area, but I’d never been that far west before!”

As soon as they saw the development, the couple felt it had the “wow factor” they were looking for. They put down a holding deposit, then were able to view the show home and see their apartment being built before they fully committed.

The couple purchased a two-bedroom apartment on the third floor of Hooper House with an en suite, second bathroom and a balcony. They particularly liked the space planning, as rather than having the kitchen along one wall of the main open-plan area, it was almost enclosed. “The layout does make the kitchen seem a bit separate and away from the living space, and we also like the fact that there’s a bathroom that guests can use and we can have our own bathroom,” says Jordon.

“I love the location. I hadn’t lived so close to a high street before, and I enjoy the fact that we can come down in the morning and pop to the shops. It’s really close to public transport which is important as we don’t have a car and buying one is not a priority. It’s straightforward to get to Harley Street on the Tube and Cormac can walk to the school where he’s a SEND teacher in about 20 minutes. It’s also a bit secluded away from the bustle.”

Ed McCoy, sales and marketing director for Barratt West London, comments: “Many people don’t realise just how much is changing in Hounslow, and how convenient a location it can be, both for commuting and for everyday needs; not to mention its affordability compared to neighbouring Chiswick. We’re so pleased to hear that Jordon and Cormac feel at home in their new apartment, and hope they continue to enjoy all that Hounslow has to offer for many years to come.”

One-, two- and three-bedroom homes are available, with prices currently starting from £358,000 for a one-bedroom apartment and from £459,000 for a two-bedroom.

 

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