PROPERTY INVESTMENT IN LONDON
London has been chosen as the number on global city for foreign property investment. While the property market has struggled in several areas over recent years, the London property market continues to flourish and is set to see an increase in property prices and rental yields for the foreseeable future.
Investing in property in London should be a cornerstone of your property investment portfolio.
Our London office is based just off Clapham High street. Our property sourcing specialists are experts on buy to let properties in South West London. Location is key, and we always look for properties that are within a 10 minute walk from either a mainline overground station, or close to the Northern line tube. South West London is considered great rental area of London where demand is high for shared housing and corporate accommodation.
The houses we source for clients looking to invest in property in London are normally 3+ bedroom ex-council houses in improved areas of south west London. Ex council houses typically have much larger room sizes and so can offer higher rental prices and increased desirability. These properties, once refurbished, are then offered out to professional working tenants or tenants with a home owning guarantor. This typically allows us to reach yields of between 8 and 10%, doubling the average London yield of 4-5%.
Property Fit source investment property to specific briefs. Other types of property include:
1 bed flats;
2 bed apartments;
HMOs (Houses of Multiple Occupation).
– £270K = agreed price
– £295K = asking price
– 4 bed ex council 2nd floor apartment with large lounge
– 0.7m to Southfields tube (10 mins)
– Probate property – needed refurb of approximately £20K
– £2,300 rent per 4 month – letting rooms at £575 each per month
– Gross yield = 9.4%