Investors can make their money work for them by purchasing a home at Taylor Wimpey's Academy Central development of properties in Barking - and then taking advantage of the rental market.
With interest rates still so low, savers are stuck with little reward for their prudence, but by investing in a new property in Barking they can benefit from the widening gap between rising rents and low-interest mortgage payments.
And with the possibility of seeing rental returns of up to £1,000 a month on a typical £175,000 property - that's a 6.8% yield - an investment at the Academy Central development of houses and apartments in Barking has the potential to prove much more lucrative than leaving money in the bank.
Michael O'Leary, Regional Sales and Marketing Director for Taylor Wimpey, says: "The area's wealth of amenities and exceptional transport links with central London are making it a real home-buying hot spot, with lots of investors rushing to get in on the action by securing a new apartment or house in Barking.
"We're seeing landlords make big monthly rental returns on our stunning apartments and houses in Barking, so anyone hoping to join them should get in quick - or risk missing out!"
One-bedroom apartments at Academy Central are on sale now from as little as £135,995, two-bedroom apartments from just £168,995 and three-bedroom apartments from only £199,995, while four-bedroom houses are available from £269,995.
All homes for sale in Barking at Academy Central are completed to a high standard specification, including energy efficient central heating, double glazing and a fitted kitchen with integrated oven, hob and hood.
Academy Central enjoys an exceptional location offering great opportunities for work and leisure, with Vicarage Field, The Mall and Exchange Mall shopping centres all located within easy reach. A choice of health and fitness centres is also located nearby, while Mayesbrook Park provides acres of green space.
Goodmayes Railway Station is within walking distance of the development, and operates regular services to London's Liverpool Street in just over 20 minutes and to Stratford, home of the 2012 Olympics, in approximately 13 minutes.
Homes at the development are designed to be up to 25% more energy efficient than properties built just three years ago. Plus, the majority of homes feature 'green roofs' which help improve air quality, provide natural insulation and promote bio-diversity.
To find out more about making an investment at Academy Central, property-seekers should visit the Sales and Marketing Suite and showhomes, located off Longbridge Road, Barking, and open Thursday to Monday from 10am to 5.30pm.
See Also: Property News (0), Taylor Wimpey (0), Academy Central (0), Barking (0)
Date Published: 20 July 2012
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