Property investors wanted at Hawkins Wharf in Colchester
Hawkins Wharf, a development of new townhouses and new apartments in Colchester from Weston Homes, is proving extremely popular with the local student population thanks to its high-specification homes in a pleasant waterside location, just a short distance from the University of Essex campus.
Investors can expect a yield of up to 10% p.a. at Hawkins Wharf, according to local agents
In fact, there is currently a shortage of property investors owning homes there and consequently a “waiting list” of tenants hoping to find a property to rent at the scheme. The selection of one- and two-bedroom apartments and three-bedroom, two-bathroom townhouses all make ideal student accommodation boasting contemporary styling and modern fixtures and fittings.
Jackson & Co, a local estate agency, works with Weston Homes to place tenants at the scheme and they currently report having around 40 students who are looking to rent at Hawkins Wharf. Investors buying a property at the scheme can expect an annual return of up to 10 per cent with Jackson & Co guaranteeing the rent for two years and managing the property alongside Weston Homes’ customer care team, providing extra peace of mind to buy-to-let homeowners.
The first phase of homes at Hawkins Wharf comprises 43 apartments and seven townhouses, many with views of the River Colne running alongside the development. Prices currently start at £116,500 for the apartments and £199,995 for the townhouses. A further 178 apartments with one, two or three bedrooms are planned for the next phase.
The high-quality interiors at Hawkins Wharf are bound to attract large numbers of tenants
Weston Homes includes a high-quality specification with their properties at Hawkins Wharf, as one would expect from a company currently wearing the crown of Housebuilder of the Year. The fully fitted kitchens boast a range of quality name-brand appliances and the bathrooms, cloakrooms and en-suite facilities have a luxurious feel with stylish modern sanitaryware.
Carpets to the bedrooms and wooden flooring to the rest of the property are standard, as are fitted wardrobes to the master bedroom. There are Sky+ points and telephone points installed in both the living room and master bedroom. Residents at the townhouses benefit from allocated parking and private gardens too.
Hawkins Wharf is just around the corner from Hythe station. Rail services to London take about an hour. From Hythe station there are direct services to Clacton and Walton on the Essex coast and intercity services head north to destinations in Suffolk and Norfolk from Colchester’s main station. The A12 arterial road passes the outskirts of the town, heading south to London via Chelmsford and north to Ipswich. The surrounding countryside is home to numerous villages and you are not far from the coast and ‘Constable country’.
by Keith Osborne