The prestigious Spa Well Court housing development, close to the heart of the historic seaside town of Whitby, has been completed.
Developed by Caedmon Homes, Spa Well Court, which is situated off Broomfield Terrace, comprises 10 apartments and 10 town houses.
The apartments are priced from £180,000, with the town houses starting from £310,000. Already 60 per cent of the development has either been reserved or sold off-plan.
All homes on the three-acre terraced site are now ready for occupation with the state-of-the art showroom open every weekend and by appointment.
Leading Whitby estate agents Hendersons are marketing the development.
Nick Henderson of Hendersons said: “The news that the wonderful Spa Well Court development has been completed and is now ready for immediate occupation is now tremendous.
“Would-be buyers can now fully appreciate the high-quality of the build, interior design and fixtures and fittings of this very special development with its superb views over our historic, atmospheric town.
“It is clear that Spa Well Court, one of the very finest new residential developments in Whitby in recent years, has come to market at the right time, especially in light of the recent cut in Stamp Duty.
“The havoc wrought by Covid-19 means that overseas travel is not seen as an option by many people for the foreseeable future and so the idea of a British holiday at Whitby on Yorkshire’s majestic East Coast has become extremely attractive,” he added.
Eight of the ten apartments have already been reserved or sold with four town houses reserved as well.
Nicholas Goodall, who has bought one of the apartments in Compass House, explained: “I am excited to be investing is such a great Whitby development. Having decided to invest in the town, this was an easy choice and it came down to a few important factors.
“These included Spa Well Court’s superior standard of fixtures and fittings, its proximity to the town centre and the allocated parking on site. I really love how the site has been uniquely designed and it looks so attractive as you pull up, something I am sure will impress holiday guests.”
Nick Henderson added: “Whitby is becoming increasingly popular across the country. Its reputation as one of the hottest holiday destinations in the UK has never been higher, fuelled not only by the unique beauty of the town and the surrounding countryside, but also by the quality of its retail and leisure offering with outstanding shops and restaurants.
“The town has just been named the most in-demand seaside location in the whole of the UK by Rightmove, based on research into how many people were inquiring about new homes by the sea. I’m not surprised. Whitby has never been more attractive, especially as the Government has just announced the town will get a share of its £80m Towns Fund regeneration initiative.
“The fact that 60 per cent of Spa Well Court has either been reserved or sold off-plan is a resounding endorsement of the development. There are now only three apartments left, so would-be purchasers are advised to hurry.
“The town houses, which comprise eight three-bedroom homes and two four-bedroom homes, range from £310,000 to £325,000 and are attracting a good deal of interest. Now that the development is complete, and the Coronavirus lockdown eases, it’s a prime time to invest.
“Certainly the financial figures for investors stack up. For example, a £200,000 Compass House apartment would provide between £19,000-£22,000 rental income per annum, representing a very healthy gross annual return of between 9.5 and 11 per cent.”
Paul Brown, director of Caedmon Homes, said: “We are delighted to be working with such a respected local estate agent as Nick Henderson of Hendersons. The company has an excellent reputation in the Whitby area and beyond and have marketed Spa Well Court effectively and successfully.”
Nick Henderson added: “We are extremely proud to be working with Caedmon Homes on their superb Spa Well Court development. The team at Hendersons are enjoying selling these properties.”