Our Client
A trust based in Jersey that was looking to consolidate its property portfolio.
The Challenge
To assist the trust in the sale of an apartment in Earls Court. It should have been a straightforward sale of a well-proportioned and recently renovated one bed apartment in a very popular garden square in Earls Court. However during the marketing of the flat the managing agents issued a notice for significant major works to the roof which had passed is useful life, the costs of which were a big unknown.
The Perfect Conclusion
We not only successfully negotiated with the buyer to offer within 2% of the revised asking price but also to take a view on the costs of the works. This worked out at a most competitive £1,441/sqft especially when considering the two most recent comparable sales achieved only £1,267/sqft and £1,145/sqft respectively.
Our Client
An African Investor.
The Challenge
Our repeat client was looking to acquire his second investment property with us. Being based abroad, he was keen to find a property that required very little work and one that could be rented out straight away. Important factors were for the flat to achieve a good rental yield, be easy to rent out and be well located for longer term capital growth.
The Perfect Conclusion
We sourced an attractive 891 square foot two bedroom two bathroom flat on the third floor, benefiting from lots of natural light and views over communal gardens. The building has a lift, which is rare on the square. The property should rent for approximately £875 per week, giving our client a gross yield of 3.3%, which is above average for the area. We also saved our client £15,000 from the asking price and we will be managing the property through our Property Management Service. Earls Court is currently undergoing an £8 billion regeneration programme and we believe long term capital growth prospects are strong the for the area.
The Client
A British buyer.
The Challenge
Our English client was a first time buyer in London. She wanted a property with period charm, outside space and within commutable distance to St James’.
The Perfect Conclusion
We successfully sourced this charming freehold cottage townhouse with a private garden in Earls Court. We beat off stiff competition from two other buyers, and successfully re-negotiated the price down by £10,000 during the conveyancing period.
