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Valuations for city centre residential apartment situated in purpose built modern buildings can range from £300 - £450+ per square foot with an average based on comparables (both off-plan and built) of £381 per square ft. Bevois Residence apartment prices average £333 per square foot allowing for an average 12% below market comparables across both 1 and 2 bedroom accommodation.






Market Trends: Southampton


The Southampton residential property market has proved irrepressible over recent years having witnessed 32% increase over 5 years. However, prices still remain relatively affordable compared with neighbouring Winchester, Chichester and East Hampshire where average house prices are close to or above £400,000. Following a strong 2017 for property in Southampton, 2018 is expected to be another positive year for buyers and investors in the city. House prices continue to increase with, apartment prices having risen by 14% in the last 12 months to May 2018 (Rightmove).

The rental market also continues to go from strength to strength, Southampton seeing the highest growth in yields of any UK city since May 2017, now being the UK's No.4 buy-to-let hotspot, the highest of any southern city. 25% of all residents in the city live in privately rented accommodation, above the UK average and that of comparator cities, with increasing demand being fuelled by a rising population - stimulated by the booming growth of its economy, with plans to create 24,000 new jobs within 20 years. This is combined with an existing undersupply of housing and a further requirement for the city of 16,300 homes by 2026 as a priority issue.



With over £3 billion of public and private investment, the city's strategic master plan outlines its commitment to enhance the urban experiences of residents, businesses and visitors as the city grows economically and culturally, enhancing Southampton's appeal as a great place to do business, visit and live, attracting further inward investment. Locations close to the regeneration schemes and major employment such as the marina and city centre, command the most impressive returns.

Bevois Residence is an exclusive investment opportunity comprising of 24 opulent 1 and 2 bedroom apartments designed to deliver a taste of luxury in a city where tenants' affluence and aspirations continue to soar.



 
 
Approximate currencies on July 2018
65,970 GBP | 74,308 EUR | 87,015 USD
 
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