The final properties at a Nottingham riverside development have gone on the market, with 95 per cent of homes on the site already sold.
Construction at Trent Bridge Quays has been completed, and only the last few one- and two-bedroom apartments remain available to buy.
The development has provided 156 homes, including townhouses and apartments. With just five per cent left to sell, the appointed estate agent said there was a sense of urgency growing amongst would-be buyers.
Built by award-winning developer Elevate Property Group, the development stands on a former brownfield site on the banks of the River Trent, adjacent to Notts County football ground.
David Hofton, Elevate’s sales and marketing director, said: “This has been a fantastic project to work on. The riverside location is stunning and, being in the heart of the city’s sporting heritage, it has been a privilege to bring the development to fruition.”
Trent Bridge Quays is located in the NG2 area of Nottingham. Within easy walking distance and sight of Notts County, Nottingham Forest, and Trent Bridge, homes there have appealed not only to first-time buyers, downsizers, and families but also to sportspeople and fans.
The remaining apartments for sale in the final block are priced at £215,000 for a one-bed and £260,000 for a two-bedroom apartment, with gated parking available.
All have been equipped with high-specification, ‘best in class’ interior design features, including fully integrated kitchens, quality flooring throughout, and Porcelanosa tiles in the bathroom.
In addition, a large two-bed, two-bathroom duplex apartment fronting the River Trent is available to buy. Measuring 1,580 sq. ft (the size of a typical four-bed house), it is priced at £570,000, has a penthouse specification, and a patio that faces due south and takes in some stunning river and canal-side views.
All properties at the development have an EPC rating of B, putting them in the top 10 per cent of energy-efficient homes in the country.
Trent Bridge Quays is part of Nottingham’s wider urban regeneration project, which has seen land alongside the River Trent transformed into desirable locations for waterside homes.
Kerri Bywater, new homes partner at William H Brown, said: “Trent Bridge Quays has transformed this section of the riverbank. High buyer interest has reflected the desirability of the homes here.
“The location of these apartments is a tonic for the body and soul. The benefits of waterside living on both physical and mental health are tremendous, especially here, where there are some beautiful walks alongside the River Trent to Victoria Embankment or a stroll into West Bridgford.”
The site is equidistant between Nottingham city centre and West Bridgford. It has attracted a high proportion of owner-occupiers keen to enjoy the waterfront views and newly planted promenade in one direction, and the city skyline in the other.
Buyers have also commended the apartments for their ‘lock up and leave’ potential, thanks to their low maintenance and easy access to the train station and East Midlands Airport.
Kerri said: “There is now a sense of urgency amongst homebuyers who want to secure a property at this prime riverside location. Just five per cent of the original release remains for sale, so time really is ticking. Plus, those reserving now have the potential to move in for Christmas.”
Elevate Property Group is an award-winning developer founded in 2011, establishing countrywide expertise in residential, commercial, and land acquisition.
David said: “Having analysed market conditions, we believe the property market has now bottomed out. Halifax and Nationwide are reporting price rises, inflation is falling with mortgage rates following, and we are offering first-time buyers a helping hand to help buy their first home with a ‘five per cent gifted deposit’. There is no better time to buy.”
“Encouraging reports from other experts in the field are also coming in. In its five-year residential forecast, Savills predicted that the East Midlands region would outperform national house price growth by over 20 per cent over the next five years.”
