The once derelict Knightstone Island has achieved the highest ever rental incomes in Weston super Mare for properties of their type according to a local letting agent.
David Plaister, a director at West Coast Properties, believes the Redrow development on the island has become a hotspot for buy to let investors because the properties appeal to high-end renters.

Plaister said: “The apartments at Knightstone Island are attracting some of the highest rental levels that have ever been achieved in Weston super Mare. That is partly down to the uniqueness of the location, the magnificent views and the high specification of the units.

“We are finding that the development is even attracting tenants away from nearby towns and city’s such as Bristol because of its distinctive nature. Although the properties are valued higher than some others in the town, we have been negotiating rental incomes that are interesting to investors.

The historic seaside town is enjoying a new renaissance as regeneration initiatives, economic partnerships and private investors strive to deliver a better environment to bring Weston back to prominence.

Knightstone Island ticks many of the boxes on local peoples’ wish list. It involves the £20 million renovation and conversion of three Grade II listed buildings – the Pavilion Theatre, Dr Fox’s Bath House and the Edwardian Swimming Baths – into apartments, duplexes and penthouses and the creation of two stunning contemporary apartment buildings.

Sandra Hughes, sales manager for Redrow Homes (South West) claims there is no other development in the Weston area that offers living space of this calibre in one of the best vantage points in the town. She said: “We’re delighted to be playing a part in the resurgence of the area, helping North Somerset Council achieve its ambitious goals, returning much loved landmarks back to the community and creating an environment Weston people can once again be proud of.”

Apartments are priced from £150,000 for a one-bedroom apartment, from £199,000 for a two-bedroom and from £342,000 for a three-bedroom.