Property of the Month – September 2018
The Limes, Nottingham
Given our partners WealthKernel are partially based in Nottingham, it is only fitting that we start our “Property of the Month” series with one of our most recent acquisitions, The Limes in Nottingham.
Why I liked the City ?
The Investment Plan demonstrated that the Fund should invest in the East Midlands and that either Leicester or Nottingham would be suitable. Both have their strong points, but the two Universities and University Hospital, when combined with the public transport, especially the tram system (NET) just made Nottingham our choice.
Nottingham has good railway services, easy access to the M1 and a good selection of both City centre and edge of city shopping.
What I liked about the properties?
We have worked with Bellway, the parent company of the developer, and know that they build a good product. The Limes is in a convenient, but quiet location to the North West of the City Centre, with good access to university and hospital campuses.
Buying early we were able to choose house types that we thought would be good for letting, and an attractive specification.
How has it done so far?
Most importantly the houses have proved very popular with tenants and have let quickly. We hope that with good service from us and our property managers our tenants will make these great houses their homes for many years.
A quick look at the property
Investing involves risk. Investors should be aware that the value of an investment and the income from it can fall as well as rise, and they may not receive back the full amount they invest. Past performance is not a reliable indicator of future results.
The Authorised Fund Manager is Thesis Unit Trust Management Limited, Exchange Building, St John’s Street, Chichester, West Sussex, PO19 1UP. Authorised and regulated by the Financial Conduct Authority.
Hearthstone Investments PLC is the parent company of the Hearthstone Investments Group. Regulated business is carried out by Hearthstone Asset Management Limited. Hearthstone Asset Management Limited is an appointed representative of Thesis Asset Management Limited which is authorised and regulated by the Financial Conduct Authority (114354).