silk works buy to let

Silk Works Coventry

Investment Highlights

  • Prices – From £121,875. ​Includes parking space
  • Yield – Estimated c. 5.8%
  • Type – 1 and 2 bedroom apartments
  • Units – 58 over 3 floors Completion – January 2021
  • Financing – UK and expat mortgages available
  • Tenancy – Full management option

Welcome to Silk Works

I am so proud to welcome you to The Silk Works, a luxurious collection of 58 one and two bed apartments housed in the iconic former Courtaulds Factory. The Silk Works, a former historic textiles factory, has been transformed into 58 well-designed stylish one and two bedroom apartments with modern and luxurious finishes. Located in the north of Coventry this area is long celebrated for its revolutionary textiles and silk ribbon industry. The local area is a haven of multiculturalism, and cultural attractions. Amidst by a variety of transport links, each apartment at The Silk Works features spacious living quarters, first-class amenities and is a short distance away from Coventry City Centre. The building has kept its original fabric, but the new modern interior now tells a different story.

Silk Works is a fully completed development. A landmark building north of the city centre, this handsome red brick conversion will provide 58 one and two bedroom apartments in an area lacking in accommodation for young professionals.

Dating back to 1905, The Silk Works retains many of the original features whilst offering ultra modern interiors. It is situated on a busy high street offering rapid access into the city centre.
Coventry is the UK’s fastest growing city. This has created a supply/demand imbalance with an urgent need for rental accommodation. The Silk Works is ideally placed to take full advantage.

Location

According to the Office of National Statistics, Coventry is the UK’s fastest growing city. Population growth increased by 27% between 2014 and 2019. Of these new movers, 42% were aged under 30, putting acute pressure on the rental market.
The Silkworks will benefit from the city’s vibrant business, financial and professional services sector which employs 23,000 people and its rapidly growing digital and creative sector.

©2021 Investinrooms

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