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Home News Landlords News, Rental market update High rents being achieved at The Green Quarter in Southall

High rents being achieved at The Green Quarter in Southall

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Demand for London rental properties was sky-high over the summer when we saw a further influx of renters – professionals, new graduates starting their first jobs and many more international students starting university courses for the Autumn term. London remains one of the world’s most attractive cities to live, work and study in.

With such a shortage of available homes locally and across London, 87% of our tenants have renewed their tenancies for a further year at The Green Quarter this year. Good news for investors as rents have increased here by an average of 15.7% over the last year too.

We continue to attract high calibre professionals from a wide range of industries including media/tech, fintech, insurance, banking, education and a high level of international students who are commuting on the Elizabeth line into central London Universities.

Chronic shortage of homes to rent leaving many on waiting lists

The Green Quarter

We currently have an average of 37 applicants for every available property with good enquiries for homes of all sizes; Suites, 1 beds, 2 beds and 3 beds although smaller units do seem to be snapped up the quickest.

Current rents being achieved by our lettings team remain very strong at The Green Quarter and we see this continuing due to continuing demand for high quality accommodation that is near to the Southall Elizabeth Line station. To date, we have successfully concluded 182 lets on-site:

Studios achieving up to £1,500 per month
1 Bedroom achieving up to £1,800 per month
2 Bedrooms achieving up to £2,400 per month
3 Bedrooms achieving up to £2,900 per month
Townhouses – projected rents to be circa £3,500 per month

Our brand-new lettings and sales branch is open on-site next to the concierge in Parkside Yards at The Green Quarter. Knowing the buildings so well allows us to be even more responsive at getting all our properties let and managed efficiently. We are very keen to talk to anyone who has a property becoming available to let soon within the scheme or the surrounding area.

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About the Author

Established in 1958, Benham and Reeves is one of London’s oldest, independently owned property lettings and sales agents.  With specialism in residential sales, corporate lettings and property management in prime areas of London, the company operates from 21 prominently located branches and 14 international offices.

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