A DEVELOPMENT of just six apartments on Mersea Island is proving not only very
successful for the developer but is playing its part in the quest of a
Colchester man who is one of a new generation looking to secure their future
through property investment.
Mersea Homes has completed its development of six individual apartments in
Westwood Drive – four conversions and two new build – in a superb location, just
a couple of minutes walk from the beach yet within 10 miles of Colchester town
centre.
It was this idyllic setting combined with a prior knowledge of the developer’s
commitment to quality build and high specification, which convinced Russell
Vinson to add to his personal property portfolio.
Russell, of Myland, Colchester, is 39 and wants to have ten homes in his rented
portfolio by the time he’s 50.
“I work in the mortgage industry and spend all of my time helping people acquire
houses, nowadays often as investment properties. It occurred to me that I should
grab a piece of the action!” said Russell.
Taking the bull by the horns he purchased not one but two apartments at Mersea
Homes’ conversion project at the Old Brewery on East Hill and is enjoying a good
rental return on his investment.
“I looked around carefully but was very impressed with the quality of build and
particularly the high specification, which I believe is second to none, which
you get from Mersea Homes.
“My third investment has been an apartment at Westwood Drive but, to be honest,
I’m so smitten with it, I’m considering living there and renting out my current
home!”
Just one two-bedroom apartment remains available at Westwood Drive, priced at
£149,995. The apartment is ready now and Mersea Homes is currently offering to
pay a purchaser’s Stamp Duty, five per cent deposit and a contribution towards
legal fees. Further details can be obtained on 01206 383159.