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Building works near completion at Westbury Court, Bicester
August 15, 2016Article by Chelsea Battle
Almost two years ago now Property Frontiers launched an exclusive off plan buy-to-let investment opportunity in Oxfordshire’s fastest growing town – Bicester.
Westbury Court comprised one, two and three bed apartments with private balconies overlooking Pioneer Square, right in the heart of Bicester town centre and the new public area being developed by the local council as part of its ongoing regeneration plans.
With just 17 units available in this prime town centre location, it was no surprise that all the apartments sold out within weeks of launch becoming one of the most popular investment opportunities presented to our clients.
Investors were also keen to tap into the expected yields of 5.7% so interest has been understandably high in the construction process. With that in mind, we are delighted to be able to bring you the latest update on progress as construction nears completion.
Completion of Westbury Court will be undertaken in three phases, the first next month in September, the second in November and then the final phase in December 2016.
July saw the first fix complete in apartments 1 – 5 with the second due this month along with the kitchens and bathrooms being installed and balconies in place across the development. The windows are already fitted and September will see the final finishes being done.
The first fix on apartments 6 – 13 will also be completed this month with kitchens and bathrooms in place by September. The final finishes will be undertaken in October for completion in November.
The third and final phase, apartments 14 – 17 will be fully completed by December 2016. The second fix will be undertaken in November along with installation of kitchens and bathrooms.
Ray Withers, CEO of Property Frontiers, comments,
“Westbury Court has been one of the most rewarding buy-to-let opportunities we have presented. The superb town centre location indicated capital growth prospects to be strong (prices have risen by almost 3% in OX26 in the last year alone – Zoopla) and we remain confident of investors being able to enjoy gross yields of 5% or more upon completion.
“The construction process has been straightforward with regular updates from the developer and the opportunity for clients to be able to select the finishes of their apartments which has been a real positive. We look forward to seeing all the units completed by the end of the year and residents in place, enjoying their new homes.”
For more information on Westbury Court or investing in similar UK buy-to-let developments, contact the team on +44 1865 202 700 or email email@example.com.