Pegasus has launched a collection of 10 luxury apartments at its Fitzjohn’s development, exclusively for people over 60, which has been curated to meet the demand for privately rented accommodation
The new apartments at the Fitzjohn’s development will be able to purchase and rent.
The newly released collection of homes available to rent at the Fitzjohn’s development includes apartments ranging from a 1353 sq ft two-bedroom ground floor apartment to a 1969 sq ft three-bedroom third floor apartment.
The collection spans the ground to third floor of the development with the ground floor apartments boasting private gardens or terrace space.
Recent market research has shown a sharp rise in the over-60’s rental market over the past few years, with the government’s English Housing Survey stating that around 371,000 people in later life are currently in private rented accommodation.
Each residence at Fitzjohn’s development has a distinctive design and layout, ensuring the customer has unrivalled options and choices that meet their personal requirements.
‘A strong demand for quality rental accommodation for those over 60’
Francesca Fox, lettings manager at Beauchamp Estates commented: “We are currently seeing a strong demand for quality rental accommodation for those over 60 with a distinct lack of opportunities currently on the market.
“The newly launched collection at Fitzjohn’s provides everything those over 60 are looking for including rare private off-street London parking.
“The rental collection provides the ability to ‘try before you buy’ allowing residents to experience all that Hampstead Village has to offer before making any permanent commitments – something we are seeing demand for more and more.”
Bridging a niche gap in the rental market
Adam Nachman, associate director and lettings area manager at Goldschmidt & Howland commented: “What we have witnessed in the later living rental market is that the flexibility that renting provides is main the reason for people over 60 choosing to rent.
“The market is also filled with those from outside the area of Hampstead who desire to ‘test’ the area and see how it feels to live there before committing to a purchase, which makes the rental options at Fitzjohn’s so advantageous. Fitzjohn’s provides an opportunity to bridge a very niche gap in the market for those in later life looking for a luxurious block with an abundance of fabulous amenities in a central village location.”
