Affordable living for singles and couples
The demand for smaller units
There is an ongoing shortage of housing in the UK, with only 150,000 houses per year currently being built. The country needs in excess of 250,000 built every year. This has resulted in a growing demand for smaller sized accommodation. With the high cost of buying and renting a property, many people are prepared to sacrifice space for convenience, quality and value. Affordable studio and one bedroom apartments are enjoying unprecedented popularity, particularly from young people, semi professionals and related employee classes.
Along with numerous people and local councils in the UK, St David believes that structurally sound buildings, particularly those with character and classic features, should be preserved and given a new lease of life rather than be demolished and replaced. With this in mind, we have created the Majestic range of properties. These are affordable, conveniently located developments comprising studio and one bedroom apartments that appeal to both owner-occupiers and tenants.
Over the past twenty years plus we have refurbished multiple properties and our team has extensive experience in all aspects of refurbishing and modernising existing properties for the rental market. This includes upgrading buildings and apartments which simply require new kitchens and bathrooms and decoration through to a major overhaul including new plumbing, wiring, plastering. Majestic apartments are a quality product that will stand the test of time.
A winning formula
After being extensively refurbished and modernised our Majestic developments offer self contained studio and one bedroom apartments that are ideal for singles and couples who want affordable, quality living space in a convenient location. The investment level varies from £2.5m for whole developments down to individual units starting from £100,000. With low maintenance costs and service charges, they are ideal trouble-free property investments and have a net rental yield of around 6% p.a.
(our upcoming project)