I recently highlighted a couple of new developments in Dunstable and last week I was one of the first people to sit down with the Linden Homes representatives to see the information and prices for the 2 bedroom apartments and 3 & 4 bedroom houses due to be ready next year.This is a new development of 109 homes named Kaleidoscope located behind the recently completed new Central Bedfordshire College building on Court Drive.
The 2 bedroom apartments range in price from £170,000 - £195,000, the 3 bedroom houses from £260,000 - £290,000 and the 4 bedroom houses are £375,000
My main interest is in the 2 bedroom apartments as most investors and tenants are looking for these. When you can purchase an apartment in Dunstable that is about 10 years old with 2 double bedrooms and an ensuite for around £150,000 - £160,000 these do look quite expensive, but my surprise was being told that ‘sealed bids’ had to be submitted by the following Monday lunchtime. This was on Friday late afternoon !
Will these apartments and houses sell well ? Only time will tell. Would I submit a sealed bid on a property that is only a drawing in a glossy brochure ? Probably not. There is another around the corner I can purchase now for £30,000 less.
Daniel Bourke is the owner of Belvoir Lettings Dunstable and in his previous career in Architecture he was an Associate in a leading London Architectural practice