An African Investor.
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.