Investing in real estate can be lucrative, but it takes skill, strategy, and the right team to make it a resounding success. In the heart of South West London’s Wimbledon area, an astute buy-to-let investor discovered the key to triumph in property investment through a seamless and fruitful collaboration with Benham & Reeves. The journey to success began with the purchase of this lovely apartment at Durnsford House, followed by expert letting and management, ultimately yielding exceptional returns. Let’s dive into the details of this remarkable success story.
The investor’s journey started with the desire to acquire a property that not only promised long-term appreciation but also provided an attractive rental income. This vision and a background of our impressive track record in managing and letting properties in London led the client straight to us.
Our team helped secure an impressive 10% discount on the property’s asking price, allowing the investor to acquire the property for £500,000 instead of the initial £550,000.
We were intructed to let the property and within a week of listing on our website, an offer that exceeded the expected rent by an impressive 12% was swiftly secured.
Initially anticipating a monthly rent of £2,100, the client was elated to close a deal at £2,350 per month. Even after factoring in service charge deductions, the net rental yield for the landlord stands at an impressive 5.5%. This is a good return, particularly considering the Zone 3 location.
One notable advantage of this apartment is its freehold status, which means the landlord incurs no ground rent payments. The property was marketed so effectively that it generated 18 enquiries within the first 24 hours of listing. The meticulous interior and furnishing services provided by InStyle Direct played a significant role in attracting potential tenants.
With the tenancy set to begin on the 1st of November, the entire process was professionally and seamlessly handled by all our teams. This success in the sought-after SW19 postcode also exemplifies the remarkable results that can be achieved when an astute investor partners with a top-tier property agent.
The answer is simple: Benham & Reeves offers a comprehensive, one-stop service that encompasses the entire property investment journey. From property snagging and furnishing to a seamless lettings process, we have it all covered with expertise extending to rent collections, property management and even tax returns.
With 21 offices across London, including a key branch in Hammersmith that played a pivotal role in orchestrating this deal, and 14 international offices, including a dedicated Japan and China desk, we have the global reach and local knowledge essential for top property dealings. If you’re looking to turn your property investment dreams into reality, look no further than Benham & Reeves – where your success is our mission.
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