1st September 2007
Northern Echo – Reaching new Heights in Darlington
Property investment company Imagine Homes has acquired an exciting new off-plan development in Darlington.
City Heights offers a selection of new, two-bedroom apartments in Darlington's West End.
Continuing inward investment, excellent transport links and a thriving regional economy have made Darlington an attractive area for long-term investment.
Between 2002 and 2004, year-on-year residential property values grew by 18 per cent. Demand for accommodation, from buyers and renters alike, continues to exceed supply - the perfect scenario for buy-to-let investment.
Grant Bovey, CEO of Imagine Homes, said: "We are delighted to offer property investors long-term capital growth prospects in Darlington.
"Property in the North-East has shot up in value recently and future re-generation is set to make City Heights a real success."
Prices at City Heights currently start at £160,000.
Imagine Homes offers its customers a way to invest in residential buy-to-let. It sources new-build opportunities in locations with strong capital growth and rental prospects. Imagine Homes also finds the tenants, manages the property and guarantees a rental return of 7.5% per annum for the first two years.