Barratt Showhomes offer guaranteed seven per cent yield to investors

A typical Barratt show home.
A typical Barratt show home.

Barratt Yorkshire East is unveiling a major initiative to sell Showhomes at its developments to buy-to-let investors– as investor buyers’ return to the Yorkshire property market in significant numbers for the first time in five 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 2012.

“We have not seen this level of demand from investor buyers outside of Yorkshire since the downturn of 2007,” said Paul Hogan, Sales Director at Barratt Yorkshire East.

“That is why we are 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 three 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 Yorkshire 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 Paul Hogan. “So they expect to be sitting on a tidy profit in three years’ time.”

“We expect high demand for this product and have set-up a new section of our website at { Showhomes|click here} to provide full details to interested investors.”

For further information on investment opportunities please call central sales on 0800 590733 or visit Barratt Homes