Coastal town still a property 'hotspot'

DESPITE reports of a market slow down elsewhere, Southwold remains a property hotspot according to housebuilding Hopkins Homes. Following the May Bank Holiday launch of Tibby's Triangle, the company's latest development of contemporary, high specification housing, in the heart of the famous coastal town, six properties have been reserved and several other deals are close to being finalised.

DESPITE reports of a market slow down elsewhere, Southwold remains a property hotspot according to housebuilding Hopkins Homes.

Following the May Bank Holiday launch of Tibby's Triangle, the company's latest development of contemporary, high specification housing, in the heart of the famous coastal town, six properties have been reserved and several other deals are close to being finalised.

Southwold - last year voted Britain's favourite seaside town in a national poll, leaving Scarborough in second place - is popular with locals and tourists alike, and the launch event at the Swan Hotel was attended by around 300 people.

James Hopkins, chairman of Hopkins Homes, an independent company based in Suffolk, said: “We are absolutely thrilled with the public's response to the launch of Tibby's Triangle.

“It shows that top quality properties in an excellent location are still a highly desirable commodity, despite the slow down in the housing market.

“We are continuing to receive high levels of interest in the development and it has been very gratifying to hear such positive feedback with regards to the design and specification of the properties.

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“Tibby's Triangle is more contemporary in appearance than some of our other schemes and I am confident that this stunning development will prove to be extremely successful.”

Tibby's Triangle, located off Victoria Street in the centre of Southwold, involves a total of 34 homes - consisting of one, two, three, four and five bedroom apartments and houses - on the site of the former Adnams distribution depot.

The first are due to be completed in the autumn, with prices starting from £299,995 for a one bedroom apartment.