Hospital Becomes Luxury Apartments

‘The Residence’ is a development of Luxury apartments facing Clarence Crescent, the regency terrace of fine homes in central Windsor and on the corner of Trinity Place.

The development is on the site of the former Princess Christian Nursing Home dating back to 1904 and following extensive re-development offers a collection of apartments, penthouses and a town house; now known as ‘The Residence’, Clarence Road, Windsor. SL4 3AP.

The town house is being offered at £1.7 million and is a 4 storey residence within the Clarence Wing enjoying its own private entrance and front garden. The house has direct access to parking within the secure gated courtyard. Further information and details are available from Savills.

Trinity Place, which runs along one side of ‘The Residence’, is home to a diverse collection of elegant townhouses from the regency period and many with basements now converted into flats. They command a range of prices and are much sought after.

The average asking price in Trinity Place £845,000, compared to the average for the SL4 area at £518,000. Values have increased by 6.1% over the last 12 months. The average rentable value of property in Trinity Place is £1900 pcm which gives a gross yield of 2.7% which is way below the national average for 3 bed properties at 4.7%. This is possibly distorted by the cost of the basement flats.

Nevertheless if you are a dedicated ‘townie’ who wishes to enjoy all the amenities of Windsor town centre restaurants, entertainment and shopping all within walking distance of two rail stations to London, that’s what you’re paying for.

Call us if you are thinking of investing and you would like a 2nd. opinion on any property in the area, we’ll be happy to talk to you on 01753 622686. This blog can also be read on our website www.rentahome.co.uk

Advertisements

Published by

Windsor and Maidenhead Property Blog

This blog will feature all news around property in the Windsor and Maidenhead area. Enjoy!

One thought on “Hospital Becomes Luxury Apartments”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s