Montpellier is a new development comprised of 21 luxury, two-bedroom apartments just a stone’s throw from the heart from the bustling seaside town of Teignmouth, Devon. Teignmouth is a small, historic port with a population of 15,000, sitting at the mouth of the river Teign, surrounded by sea, beaches, golf and scenery. Exeter Airport is only eighteen miles away, from where scheduled flights include destinations across Europe, as well as Edinburgh, Manchester and London City.
The Devon economy is worth over £20 billion – the largest in the South West region, having grown by 67% over the last decade – significantly faster than the UK average of 53%. The area also boasts high employment rates – 76.8%, higher than the UK average of 71.1%. The Devon Coastline is a designated ‘Area of Outstanding Natural Beauty’ and research by Lloyds TSB has shown that this factor consistently results in property prices increasing faster than the general market average. BNP Paribas Real Estate backs this research, stating property prices are set to increase by 39.7% between 2016 and 2019.
Suitable both for investors and owner-occupiers, Montpellier apartments are designed with a focus on open plan living, with modern airy living space comprising of high quality gloss kitchens, integrated appliances and all the mod-cons of a luxury apartment including off street parking. The development includes private lift access and a select few luxury apartments also include their own private sea view sun terraces.
Prices start at £175,000 GBP and target an annual yield of up to 5%. Coyne – the developers – are specialists in delivering upmarket projects in the South West, with 18 completed developments to date. Reserve with a £1,000 reservation fee.