Savills new homes team in Reading enjoyed a record month for sales in January as buyers lined up to invest.
The team, which appointed a new head of department at the end of last year, saw an uptick in both interest and sales in the first month of the year, indicating positivity in the local market.
The busy start to the year can also be attributed to the launch of two anticipated new schemes, both of which were brought to the market by Savills in January.
300 Kings Road is a stylish scheme of 78 studio, one and two bedroom apartments in the centre of town. Greys Mews is a boutique collection of 13 apartments set in a Grade II listed former vicarage, alongside a number of new build mews-style homes, in the conservation area of Castle Hill.
Head of new homes Alexa Peters commented: “There is a buzz in the market, with the new year bringing a new wave of buyers who are actively searching and, for the right property, willing to commit. Fortuitously, two exciting new launches, together with our existing portfolio, mean we have been able to satisfy much of the appetite we have seen.
“The launch of Verto last year was a game-changer, with its state-of-the-art gym, landscaped roof gardens and concierge service introducing a standard of living that just wasn’t available here beforehand. 300 Kings Road is another scheme at the forefront of this new brand of ‘London-style’ lifestyle development, and as such, both developments are attracting considerable interest from first-time buyers, professionals, downsizers and investors.
“Outside of the town centre, smaller schemes, such as Greys Mews, add to the choice of high-quality accommodation. Located in a highly desirable area and meticulously designed and finished, Greys Mews opened its doors only a matter of weeks ago and already over a third of units have been reserved.”
Gordon Hood, head of residential lettings, added: “There is a good deal of interest in the Reading market, and the quality and type of housing stock being delivered is ticking the boxes for buyers, investors and tenants alike. I’m pleased to support investors and tenants across all our developments, offering a seamless service. This is particularly appreciated by our international investors, for whom we act as a ‘one stop shop’ – providing everything from virtual tours, investment guides, solicitor and interior designer recommendations, through to securing and supporting tenancy.”
Savills Reading offers extensive local knowledge and expertise, augmented by a powerful national and international network, helping clients get the best from the market.