Barratt showhomes offer guaranteed seven per cent yield to investors

18th January 2011

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Barratt Mercia is unveiling a major initiative to sell Showhomes at its developments to buy-to-let investors - as investor buyers return to the Warwickshire property market in significant numbers for the first time in four years.

The housebuilder says the return of investors may be an early sign that the local property market will outperform other areas of the country in 2011.

"We have not seen this level of demand from investor buyers outside of London since the downturn of 2007," said Steve Barton, Sales Manager at Barratt Mercia.

"That is why we are today unveiling a deal called Showhome leaseback, which comes with a guaranteed yield of seven per cent."

"Buyers have the opportunity to buy the Showhome at selected developments in the region and then immediately lease it back to us for up to five years to use as a marketing suite."

"Rather than have to worry about untidy tenants, the investor knows that we will maintain the property in pristine condition. Barratt is also the only major housebuilder which guarantees internal fixtures and fittings for a full five years."

Rents in Warwickshire are rising rapidly which means that rental homes are increasingly in demand. Whereas investors were primarily interested in flats before 2007, today they are looking for high-quality new houses.

"They take the view that the direction of house prices in the medium term is up," added Steve. "So they expect to be sitting on a tidy profit in three to five years' time."

"We expect high demand for this product and have set-up a new section of our website at www.barratthomes.co.uk/showhome to provide full details to interested investors."

Barratt Mercia is currently selling properties at the following developments in Warwickshire:

Bluebell
Queen Elizabeth Road
Camp Hill
Nuneaton
CV10 9BS
Tel: 02476 399 520
Bluebell comprises two-, three- and four-bedroom houses priced from £114,950. The sales office is open daily from 10am to 5pm.

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Lythalls Lane
Coventry
CV6 6HY
Tel: 02476 601 669
Icon features one-, two-, and three-bedroom houses priced from £79,950. Julie Skerratt, Sales Adviser is available at Bairstow Eves from 10am to 5pm Tuesday to Saturday by appointment only.

Zest
Exhall Road
Keresley End
CV7 8LP
Tel: 02476 335 831
Zest offers a selection of three- and four-bedroom houses priced from £175,000. The sales office is open daily from 10am to 5pm.

For more information, please contact the sales office. Alternatively, please call the sales hotline on 0844 811 9988 open seven days a week from 8am to 9pm or log on to www.barratthomes.co.uk