Elevate Property Group, developers of a multi-million mixed-use development in Ashford, Kent have reported nearly half of the units have already been pre-sold ahead of completion later this year.
As featured on Residential People in June last year, properties at the £55 million development were proving popular downsizers and young professionals.
Today, Elevate and property agents Savills, report that Phase 1 of the development has already sold out, with Phase 2 selling equally fast.
Tom Bryant, Head of Residential Development Sales for Savills in the South East, said: “As we move closer to completion this autumn, we are beginning to see more owner-occupiers, in particular, young professionals, seeing the benefits of living at Victoria Point.
“This has been helped by the launch of two new show apartments, showcasing the high-quality specification and generous size of the apartments. In addition, Victoria Point’s exemplary amenities, with the Super Lounge, concierge service and large courtyard garden, have resulted in increased demand from this particular demographic.
“The close proximity to the town centre and Ashford International railway station will mean there is likely to be a strong and continued tenant demand at the development.”
One of the main driving factors behind the success of the 216 luxury apartment development is its proximity to Ashford International – the high-speed rail link that links Kent to London St Pancras in 36 minutes; as well as the Eurostar to Brussels and Paris.
David Hofton, sales and marketing director of Elevate Property Group, said: “Ashford’s excellent transport links, plus the ongoing regeneration of the area, make it a very attractive town to live in.
“During 2019, we saw the Ashford Designer Outlet expansion completed and the opening of Junction 10A on the M20, with continuing developments at Ashford College, Elwick Place and Connect 38 in the Ashford Commercial Quarter.
“With fast transport connections, plus millions of pounds of inward investment, a growing leisure and shopping offer and a vibrant culture, Ashford has a really excellent future ahead of it.
“Victoria Point, with Help to Buy available, is a real opportunity for young couples to get a start on the housing ladder – and what a way to start!”
Victoria Point offers a range of studios, one, two and three-bedroom apartments with prices currently ranging from £142,500 to £355,000.