Having launched more than 30 buy-to-let developments onto the UK market since the beginning of 2012, totalling more than 3,000 units at a value in excess of £195million, Knight Knox International is a specialist in the sector and has a vast portfolio of past, current and future products to its name.
Celebrating its 10-year anniversary in 2014, the company has grown exponentially over the past two years, focussing largely on residential apartments and private student accommodation projects across the country.
This growth has largely been the product of a rising demand from investors for buy-to-let stock. The current housing crisis is pushing up the value of rental properties across the country, with off-plan developments becoming increasingly popular due to the extremely competitive price point they enter the market at. A successful provider of both off-plan and refurbishment projects, Knight Knox International has noticed first-hand the speed at which the market has moved over the past 18 months.
Lee Chettoe, Sales Manager at Knight Knox comments, “In October 2012 we launched Phase One of our X1 Salford Quays development, which allowed investors to purchase a 1-bed apartment for as little as £85,000. The launch of Phase Two 11 months later saw 1-bed apartments priced at £90,000 and our most recent residential development in the area – X1 The Exchange, has a starting purchase price of £97,500.
“Whilst we strive to remain competitive for our investors, there is simply nothing of the same standard on the market today for less than £100,000, which highlights just how far and fast the market is moving. The potential for capital appreciation in off-plan units is something that our investors are acutely aware of and, coupled with the knowledge that their investment will be let and managed for them, is a driving factor in the increased demand we are experiencing”.
Knight Knox International has noticed first-hand the speed at which the market has moved over the past 18 months
Working in partnership with three leading developers, Knight Knox International is planning to launch over 1,000 units onto the UK market over the next six months, with the majority of those located in the North West.
X1 Salford Quays, Phase 1 – Salford Quays; The first phase of this development was completed on schedule and tenants have started to move in.
X1 The Courtyard - Liverpool; The second phase of X1 The Quarter – one of the largest residential developments in the UK, The Courtyard contains 77 modern 1, 2 and 3 bed apartments, in addition to 3-bed town houses and has an allocation of private parking spaces to purchase with selected units. Construction is heavily underway and the development is on course for completion in September 2014.
X1 Salford Quays, Phase Two - Salford Quays; Following the same formula as phase two, the ground works have already started and construction will follow a 12-month build plan, with the project due to be completed in Quarter 1 2015.
Trinity Church – Bolton; A beautiful refurbishment project of an historic church, the developer also has planning permission for two additional modern buildings, providing a combined total of 82 apartments. Work is progressing nicely and on course for completion in Q3 2014.
X1 Chapel Street – Salford; In the midst of a huge regeneration project on the Chapel Street corridor, this student accommodation development will comprise of 90 units and is close to all Greater Manchester universities. Construction is underway and will be ready for the September 2014 intake.
Minerva House – Nottingham; Located in one of the most popular university destinations in the UK, this 151-room residence will provide a home-away-from-home for the students of Nottingham. All five floors
are being completely refurbished and will be completed for April 2014.
All Saints – Sunderland; An existing halls of residence, All Saints is being refurbished into high-end accommodation for the students of Sunderland. Adding a new-build block to provide communal facilities will increase the rental potential of the 90 studios, and students are expected to be housed in time for the September 2014 intake.
Halley House – Nottingham; Built over four floors, this 61 unit development will also include a fully-equipped gymnasium and common room for the private use of students. Located in an area that has a severe shortage of purpose-built student housing, the refurbishment is due for completion in April 2014.
Merebank Court - Liverpool; A 14-storey development in the beautiful Sefton Park, Merebank Court is being converted from an existing residential block into 78 x 1, 2 and 3-bed apartments. With the renovation
underway, the apartments are due to be completed for Quarter 3 2014.
Units are still available in X1 The Courtyard, All Saints and Trinity Church, and anyone interested should contact [email protected]. Alternatively, view our complete portfolio of buy-to-let investments or call 0161 772 1370 and speak to a property advisor about our new projects launching in March 2014.