Record sales as buyers flock to new property development
The UK’s property market has come under scrutiny over the last few months due to the Brexit vote, however the uncertainty hasn’t dampened demand in one of the leading cities in England. Oaking Developments, one of the country’s most vibrant housing developers, has today announced record demand on two of its newest sites in the Sherwood area of Nottingham.
The company acquired the two sites earlier in the year which contains two unique properties set to be converted into high specification residential apartments. Oaking Development’s reputation, along with the great value offered, has resulted in over 60 per cent of the apartments being reserved within 7 days of release, by buyers keen to acquire one of the high-specification homes.
Managing Director, Alan Forsyth, states, “We have seen the high demand for 1-3 bedroom apartments finished to a high standard in Nottingham, and the lack of suitable property pushing rental figures up to record high figures in the area – with big demand both from students and young professionals.
“We identified this area as up and coming, and have been delighted to secure two existing properties that were being no longer used and gain planning to convert these into residential properties. These will bring 34 stunning apartments to the market, with several having private gardens and the vast majority having private parking spaces.
“The demand has been sky high, with us already having exchanged on over 60% of the available apartments to buyers, with a mix of local buyers and buy to let investors keen to secure properties at discounted prices.”
The developments, located on Ebury road and at Vivian Avenue respectively, will be completed in March and May of next year. Each development will boast its own unique charm and individuality so is set to attract residents of all ages and suit all tastes. Both sites are located just minutes from the city centre, so are ideal for professionals, young families and even commuters thanks to Nottingham’s central location.
Oaking Developments pride themselves on providing high specification properties at affordable prices. Each conversion comes with a specific set of features that really make the developments stand out. ‘A’ rated double glazing for increased thermal efficiency, feature lighting to the front and rear of the property, an intruder alarm, telephone, TV and sky points in the living room and master bedroom, a shaving point and the choice of top-quality kitchens, bathrooms and flooring are just some of the options available to buyers.
Oaking Developments develop sites nationwide and currently have a number of locations secured around the UK, with more in the pipeline set to be announced later this year.
To find out more about Oaking Developments, their current locations and what makes the company stand out, visit the website: http://www.oakingdevelopments.com
Media contact: Rebecca Appleton
Tel: 01623 428996