Sussex House phase one launch

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22 Jun 2015

Buyers snap up cosmopolitan apartments in central Reading

Author: Tim Foreman

Sussex House bedroomA new development in central Reading is proving to be very popular, with all of the apartments released in phase one of the launch selling within 24 hours.

Sussex House is a development of 26 one, two and three bedroom apartments with panoramic views over Market Place and The Forbury. The highly sought after location is ideal for commuters with Reading train station and the future Crossrail services just a five minute walk away.

“We knew these apartments would be popular due to their high specification and premier location but we were still surprised at the result of the phase one launch” comments Tim Foreman, New Homes Manager at Romans, the selling agents. “Ten apartments were launched and all of them were snapped up within 24 hours, with nine being reserved by investors.”

Romans has recently experienced a surge of interest from investors in Reading thanks to the high demand from tenants, good capital growth, highly anticipated Crossrail and further development such as Green Park train station. All of these reasons combined with low mortgage rates and strong rental yields make property investment in Reading an attractive option for many buy-to-let landlords.

Furthermore, first time buyers can take advantage of the Help to Buy equity loan, whereby the Government lends you up to 20% of the cost of your new build home, so you’ll only need a 5% cash deposit and a 75% mortgage to make up the rest. Plus, you won’t be charged loan fees on the 20% loan for the first five years of owning your new home.

More apartments will be released in phase two of the launch in mid-July. To register your interest contact Zoë Smith from Romans New Homes on 0333 9204 412 or

Sussex House living room

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