Rental supply will ease as Camden sees new property completions

You’d be forgiven for thinking that there were no plots of land left to be developed in Camden, North-West London, such is its international reputation for pristine period architecture and cool hipster vibes. It does, however, share one thing with its Zone 2 neighbourhoods and that is a commercial history that has left it with many post-industrial plots that are ripe for redevelopment. Some are modest in size, while others like newcomer Camden Goods Yard by leading UK developer St George, are part of something bigger that will provide a further lift for this pulsating NW1 postcode.

Camden Goods Yard is a grand concept, and we eagerly await the coming apartment completions in The Regent, its’ first phase. Overall, the area is not cheap to buy in, but the upside is there is continual strong tenant demand delivering average yields of 5.2% which is considerably good when looking at Camden’s proximity to upmarket neighbourhoods Regent’s Park and Primrose Hill.

Wherever renters choose to live, Camden’s compact proportions and West End-adjacent location means that they are never more than a short walk away from cultural stimulation. Everywhere you look, you will find eclectic music venues rubbing shoulders with independent art galleries, quirky clothes sellers and exciting new food concepts.

The lure of the Regent’s Canal which runs through Camden Town, offers a sophisticated lifestyle with regular narrowboat trips and the famous Camden Market along the river-banks.

Families thinking of being near the centre of London not only have the nearby open spaces of Regent’s Park to enjoy, but there is a great selection of schools to choose from in every direction including North Bridge House Prep, Channing School and also The American School in St John’s Wood.

Transport links via Tube and Overground are convenient and fast – all of which ticks the box for professional renters.

We are currently achieving strong rents for our landlords in the local area but with more choice for renters coming down the pipeline this inevitably means they will want to see lots of options and negotiate, so investors need to be flexible, opting for a good quality tenant who can afford the rent and the ability to pay on time.

Projected rents at The Regent are based on a fully furnished, professionally managed apartment and we would welcome instructions from anyone who is looking to let their property: Manhattan (Studio) from £1,950 per month; 1 Beds from £2,425 per month; 2 Beds from £3,575 per month; 3 Beds from £4,160 per month.

If you would like more information on why you should invest in Camden, please contact our Camden sales and lettings teams who will be delighted to assist you.