Cambridge Apartments at Forefront of Regional Property Market Upturn

Wednesday, 25 November 2009 15:21

Local Cambridgeshire estate agents are reporting that one and two bedroom newly built apartments are outperforming other sectors of the region’s property market due in part to heightened demand from investors for the limited available quality stock.

David Bentley, Head of Cambridge new homes for Bidwells Estate Agents, comments: ‘We have seen a rise in the number of property investors and cash rich buyers coming back to the market in Cambridge. There is a shortage of stock on the market at the moment which is starting to drive prices higher so would-be investors should capitalise now before prices rise much further.

‘Crest Nicholson’s development Kaleidoscope is popular with investors, due to its close proximity to Cambridge rail station and stylish, contemporary design. There are good levels of demand from tenants in the area and potential yields are high.’

Kaleidoscope has a range of 408 properties in total. The development has been planned to create a lively community with a strong sense of place. It was designed by architects Proctor and Matthews, whose other work includes the Greenwich Millennium Village.

Annette Cole, Sales and Marketing Director at Crest Nicholson (Eastern) Ltd, comments: ‘We continue to have an excellent level of interest at Kaleidoscope and have certainly noticed increasing numbers of buyers who are now keen to buy. The development is well suited to investors and apartments at Kaleidoscope continue to be in high demand in the local rental market.’