Purpose built hands Free Buy-to-Let investment opportunity with 6% yield (before mortgage)
Overview
Apogee Living @ Westlegate & Boars Head has been designed to be a centre point of the city of Norwich, located right in the heart of NR1.
Starting at £150,000, Apogee Living’s latest development consists of 60 residential Buy-to-Let apartments, ideal to add to your portfolio.
When leveraging a buy to let mortgage, you can buy an Apogee Living apartment from as little as £45,000.
5-Year Overview
Maximising the return on investment of UK residential property.
| Stage | Value | Capital Appreciation | Rental Yield | Rental Income |
|---|---|---|---|---|
| Pre-Completion | £180,000 | 3% | - | - |
| Year 1 | £185,400 | 3% | 6% | £10,800 |
| Year 2 | £190,962 | 3% | 6% | £10,800 |
| Year 3 | £196,961 | 3% | 6% | £10,800 |
| Year 4 | £202,592 | 3% | 6% | £10,800 |
| Year 5 | £208,669 | 3% | 6% | £10,800 |
| Total Appreciation: | £28,669 |
| Total Return: | £82,669 |
| Return on investment | 45.93% |
| Total Rent | £54,000 |
Amenities at Westlegate & Boars Head
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Contemporary bathrooms
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Contemporary kitchens
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Stainless steel sockets throughout
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Video intercom entry system for security
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Energy-efficient LED lighting
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USB plug sockets in certain rooms only
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Bicycle parking
Prices starting from £150,000
Choose from 60, buy-to-let apartments on the doorstep of a bustling city ideal for working professionals or young families. Costs include:
Beautiful city living
Key Locations
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Norwich Train Station
15 minute walk
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Chantry Place
3 minute walk
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Norwich City FC
7 minutes by car
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Riverside Retail Park
5 minutes by car
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Norwich Airport
17 minutes by car
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Lowestoft
50 minutes by car
Norwich Snapshot
Norwich is an incredibly accessible city with many local people choosing to walk and cycle to get around.
Norwich offers a fantastic range of restaurants, pubs, bars and clubs. There are also many fascinating museums and historic buildings to explore when you’re looking to experience some culture.
Your buying options
Buy to Let Mortgages
If you're looking to let out one of the stunning properties at Westlegate & Boars Head you're able to use a residential buy to let mortgage.
Find out more
Frequently Asked Questions
When will Westlegate & Boars Head be ready for occupation?
The development is on schedule to be completed and handed over for occupation by Q1 2025.
What type of tenure does my Westlegate & Boars Head property come with?
Each property has its own 250 year leasehold.
As Westlegate & Boars Head is a new development, is there a structural warranty?
Yes, there is a 10 year structural warranty in place with Advantage AHCI. View Advantage's Consumer Code for Developers of Homes for Sale.
How much is the ground rent?
Ground rent will not be chargeable due to the Leasehold Reform (Ground Rent) Act 2022.
What is the payment plan for buying a Westlegate & Boars Head property?
To reserve an Apogee Living apartment, it requires a £5000 deposit a £400 searches fee and an admin fee of £299 + VAT.
Thereafter upon your solicitor receiving the draft contract pack, you have 3 weeks to exchange contracts with a 25% deposit (less the reservation deposit) with the completion being five working days after the issuance of the building completion certificate. The reservation deposit will be deducted from the exchange deposit of 25% of the property purchase price.
What utilities are in place?
There are air source heat pumps for this development therefore avoiding the need for gas making this development both environmentally friendly and low maintenance. There will also be separate electric meters for each apartment and a pooled water meter charge, which forms part of the estimated service charges.
What appliances are in the homes?
In every Apogee Living apartment, there is a fully functioning and working apartment ready for your tenant to simply turn the key and move in.
What type of tenancy does the proposed tenant enter into?
Instead of the traditional AST route, the tenant will enter in a license to occupy.