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Rental market update at Beaufort Park

Property investment at Beaufort Park, Marc von Grundherr comments

The Beaufort Park branch is continuing to see good demand for rental properties, with enquiry levels up noticeably. The recent completion of apartments at Golding House means properties are letting quickly. One beds are achieving £310 – £340 per week and two beds £370 – £450 per week. Three bed rental values are good and achieving £600 – 700 per week.

We are finding increasing numbers of applicants relocating to London from overseas and rather than head straight for central London, they are now investigating other parts of London such as Colindale where regeneration continues apace. The area is often recommended to them by friends while the easy commute to central London in less than thirty minutes makes the location very convenient. The recent introduction of the weekend night Tube service has also made quick access into the West End a round the clock reality. Tenants coming to Colindale can now find apartments offering a high specification and good amenities at more affordable rentals.

The transformation of this former RAF airfield into one of North London’s most popular residential quarters has been mesmerising. Beaufort Park has grown into a well-known development with a truly international feel, attracting professionals from central London and overseas. Today, we have 20 buildings and over 2,000 homes. Its luxurious feel and great amenities have made it a game-changer locally. Until Beaufort Park came onto the scene, this standard of accommodation was hard to find here. Through our rigorous marketing, we are attracting high calibre professionals, people who once would never have considered living outside of Zone 1 or 2. Developments of a similar standard in central London are far more expensive but here tenants know the standard of accommodation they will find, the high spec and the amenities on offer – the spa, pool and fitness suite. Quality is a given and often the viewing is a formality.

Lettings at Beaufort Park have tripled in the last couple of years and with continued pressing demand, competition for properties is strong. So a key trend we’re noticing is the move towards longer, two or three year tenancies, with tenants keen to stay long-term rather than have the hassle and expense of moving. This is good for landlords and provides an assured income for a longer period.

The highlight of this year has been completion at the Goldhawk/Golding apartments in January – tenants love the feel of a brand new apartment and demand has been extraordinary. Most of the units are letting within a few days, at first viewing.

Beaufort Park is the preferred investment and investor choice in North West London. Please contact our Beaufort Park branch on 020 8732 7980 for further information or email us.

 

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About the Author

Marc has been a board director since 2001 and oversees the company’s rental operations as well as developing new business. He is instrumental in the company’s expansion and works closely with Managing Director Anita Mehra to develop its core services. Read more about Marc von Grundherr here - Read full profile

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