Broad Oaks, Downham Market
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Why Invest In Broad Oaks, Downham Market?
A truly unique property investment, located 30 minutes from Cambridge we are pleased to present Broad Oaks, a freehold housing investment opportunity from an established developer, in the market town of Downham.
Located in the East of England, Broad Oaks is a brand-new collection of 300 houses for stylish family living. Our houses are designed for modern day life, energy efficient with open plan spaces, masses of natural light and plenty of storage.
In 2020 we have seen a consistent trend of movement from city centre occupancy to more spacious and green living spaces in the commuter belt locations, we do expect to see demand from such tenant and buyer demographics in Broad Oaks which the development perfectly caters for.
With some negative press and leasehold property causing some investors concerns, freehold property limits any potential issues with leases and associated charges, it would just be management fees rather than service charges and ground rent that investors have to pay.
The payment structure means that investors can put down just a 5% deposit, then pay the remaining deposit monthly through the construction period with the remainder via a mortgage on completion. Ideal for those who want new freehold property without the large deposit levels, submit an enquiry for a full financial breakdown.
Broad Oaks will provide a mix of one, two, three and four-bedroom luxury homes across the 30-acre site, unit sizes will range from 49m2 up to 124m2.
"Well-priced, freehold accommodation with outdoor living space in a safe, community-lead environment".
No Service Charges or Ground Rent
5% and Monthly Deposit Payment Plan
Prices from only £139,995
Phase 1 Entry Level Pricing Available Now
4 – 5% Projected Rental Yields
Nightingale Lane, Downham Market PE38 9FD
Location & Market Summary
Voted one of the happiest places to live in Britain, Downham ranked 6 in the top 10 list of an annual “happy at home” index compiled by Rightmove. Figures from Zoopla (December 2020) state the average price for property in Downham Market stands at £233,138 – a rise of 1.92% since September.
On the banks of the River Great Ouse, and dating back to Saxon times, Downham Market is one of Norfolk’s oldest market towns. The attractive market place is immediately identifiable by the splendidly unusual and majestic black and white clock. The town retains areally intimate feel, characterised by many fine historic buildings, craft and collectables markets.
Frequently Asked Questions
Below you can find a range of common questions from previous investors. If you require specific details and advice please do not hesitate to contact us today.
The developer requires a 5% down payment for the reservation payment, the remaining 30% of the deposit will be divided by the amount of months remaining throughout construction, it works out at £1,600 to £3,000 per month. If you submit an enquiry we will provide a full financial breakdown for you to make an informed decision.
As the properties at Broad Oaks are freehold there are limited running costs, overall investors will need to consider legal fees, furnishing the property, tax implications and management fees.
Given the size of the Broad Oaks site, there are a wide range of properties available from one bedroom maisonettes through to four bedroom detached houses, sizes range from 49m2 up to 124 m2.
Given the position of Downham, the site is centrally located in between Cambridge, Peterborough and Norwich and as such we expect to see strong demand from commuters, as well as those living and working locally, both families and young professionals. In addition, there is a significant Royal Air Force base nearby who are potentially looking for accommodation on long term leases at Broad Oaks.
The East of England is expected to see regional growth rates of +17.3% by the end of 2024 according to the latest residential market forecasts by Savills.
What does our Founder, Nick, think of Broad Oaks, Downham?
“We are really pleased to be working with this experienced property developer on this unique product. To my knowledge there isn’t anything similar on the market that offers high-quality, spacious freehold properties with just a 5% and monthly payment deposit structure for buy-to-let investors. It’s outside of our core focus on the regional markets across the UK but we expect significant levels of interest in Broad Oaks given the premium location and rental yields.”
Nick Hyland, Founder & Director