Recently I was invited out by Saira and the team at Barratts homes to the launch of their second building in Hayes Village, the old Nestles Factory near Hayes town. Saira was kind enough to show me around the show flat and explain what they are doing here. As I was coming into the new development what struck me right away was the lovely open space that was created with the original Nestles art Décor building still standing at the end of the green area. It was great to hear that they were keeping the art décor front of the building.
Arriving in the sales building I could see it was busy with potential buyers walking around and speaking to all the sales staff there I questioned Saira to see what proportion of the first building was sold to end users and what proportion was sold to investors and I was surprised the vast majority were end users.
Saira showed me around the large luxury model that was stationed in the middle of the show room and pointed out some great amenities that will be available in this development. The site will have its own coffee shop, gym and there also talks for an onsite health centre aswell.
I can see from the design they have tried to be mindful of the environment and the historic site. They have including a new public park, gym, running track and lots of green open spaces and play areas. They are also opening large parts of previously inaccessible parts of the canal which can be accessed by the public. There’s also a car club on site for residents to use and help keep this development environmentally friendly as possible. This is in keeping with the great art deco look of the buildings.
The flats themselves look great from the inside with spacious living areas and large wall to ceiling windows on the front facing apartments modern kitchens and bathroom fittings provide an excellent finish. She also mentioned that when clients reserve an apartment, they work with them to help designed to their needs. They had a case where they had a wheelchair bound client and assisted in redesigning the apartment to their needs.
If you are looking at this site as an investment in my opinion a 2 bed 2 bath flat would give you a rental income of between £1450 to £1550 PCM as they are on par with the build to rent apartments around the station and also the High Point Village apartment.
All in all, I would say looking at the development is coming along it would be a great addition to Hayes and its worth while a look at their sales office on Nestles Avenue. If you would like to discuss anything further, please give me a call and I can go over a few things or I can put you in touch with the team on site.
The Hayes Property Blog 