January 21, 2008

One Bed Phenomenon

Many of my clients have had great successes with purchasing in city centres. There are several reason that they work really well and offer a slightly easier accessibility to buyers i.e. entry costs tend to be lower than traditional 2 bed apartments.

Approximately 46% of ALL new dwellings are 2 bed apartments, with about 5% of being 1 bed.

For investors with several properties a balance of 1 and 2 beds spreads risk.

Furnishing costs are usually less and often they fall below the current stamp duty threshold.

From a resale perspective, many will be able afford 1 beds.

New Build and off plan property are low maintainence and relatively hassle free

 

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