SINGAPORE (EDGEPROP) - London-based developer Berkeley Homes will launch a new collection of riverside apartments, known as Huntley Wharf, on May 20. JLL, which has been appointed as the international marketing agency for this development, will host a webinar on the launch day featuring the project.

The project is located in the town of Reading in the south of England. According to the developer, Huntley Wharf is set to be a new landmark development in the area, boasting a prime location close to the town centre and the Reading railway station.

The development is on a seven-acre site that will comprise 700 apartments in three residential buildings. The site will also feature amenities such as a restaurant, a coffee shop, a convenience store, a day nursery, a resident’s gym, and a co-working studio.

Apartments come with riverside views, and many units will feature a balcony or terrace to maximise the south-facing, riverside views. Units include one- to three-bedroom apartments, including an option for a larger sized two-bedroom variant that comes with a main en suite bathroom and a bonus study room. A few duplex apartments, as well as two riverfront-facing, three-bedroom triplex units, will also be launched for sale.

According to UK lettings agency Haslams, typical rental returns in Reading are between 4% and 4.5%, and most properties in the area usually find a tenant within a week of being on the market. “Property values in Reading have experienced consistent growth over the last decade, with town centre apartments rising in value by 75% over the last five years,” says Steve Woodford, managing director of Haslams.

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