If your London rental investment property needs a little more work than just a furnishings pack, then we can help you create a bespoke interior that looks visually stunning and also meets your practical requirements and budget. From a basic freshening up; putting in a new kitchen and bathroom or a more comprehensive property refurbishment, we have many years’ experience at managing all sizes of residential projects across London.
Modernising your rental property to add value
We can advise on how best to maximise available space.
Creating a desirable interior that tenants will love
Our proven track record will help you attract top quality tenants.
Design flair with a practical eye for detail
Overseen by a qualified interior design team. All work fully insured.
If you are planning to refurbish a property, whether it's a principle room or an entire property, we can manage that too. From planning and design to construction and installation, we work with partners who have an in-house team of builders, bathroom and kitchen specialists and can manage the entire renovation project. And throughout, you'll work with our experienced design and support staff who will ensure that the work is completed to the highest standard, on time, and within budget.
We can also help with the supply of furniture, window dressings and soft furnishings or why not take a look at our Furnishing packs which include everything needed for an incoming tenant. These are ideal for overseas investors or for those who want to save time and get on with letting their property.
Not sure if you need to refurbish your property? Take a look below at our advice for when you should refurbish your London rental property.
Well presented properties always let more quickly, often for a higher rental, so landlords should always aim to enhance the presentation of their rental property. It's important to match the presentation of the property to the calibre of tenant you're hoping to attract. For example, a professional or corporate tenant will expect a high spec finish with stylish, contemporary furnishings. People with higher budgets have high expectations and so Landlords have to ensure their property is appealing and up to date.
Kitchens and bathrooms are priorities. Investing in a smart, contemporary kitchen is a must. Equally important are bathrooms. A two bed property should have two bathrooms if possible. If you own an older property, it is worth creating an ensuite by taking space from an existing bedroom (which tend to be larger in older properties). Always retain original features in period properties, such as ceiling roses, cornicing and fireplaces. If you have a limited budget, simple measures like a lick of paint, new flooring and curtains are worth doing. Tenants usually prefer the contemporary look of wood flooring but check your lease allows them.
At the end of the day investing in your property will add to the overall capital value too, so it is worth considering employing a a specialist to look at the layout. Older properties often have small rooms, so by removing some internal walls you can create a more spacious, open-plan layout with a real 'wow' factor – it will definitely increase the asking rental. A great example of this is an apartment opposite the Science Museum in South Kensington which we were instructed on by a client. The apartment was old fashioned and had a layout that didn't maximise space so we brought in a refurbishment specialist to carry out alterations. They suggested removing some internal walls to create a larger and elegant reception area. The client agreed and the result was better than even he could have imagined. They created a grand, double height reception area that makes the most of the room's floor to ceiling windows. And the work reaped dividends too as the apartment let very quickly, in 10 days, and for an asking rental of £1500 per week, £500 per week more than previously.
Marc von Grundherr, Director of Benham & Reeves talks about how after several years of subdued house price growth, the recent General Election victory by the Conservatives has offered a sense of stability and greater confidence to property investors. The latest Rightmove Index has just seen the biggest January rise on record, up 2.3% led by a surge in London prices. The fundamentals of London property continue to be strong, as prices have increased by a staggering 75% over the last decade. High prices have left many Londoners unable to buy and so demand for rental accommodation in the capital remains phenomenal. A third of Londoners rent and 60% are expected to rent by 2025. Well-presented and accurately priced properties let within a couple of days with minimum voids. This is great news for landlords and will help them maximise their yields at a time when changes to tax legislation have presented some challenges. Our 17 lettings branches are situated on-site at some of London’s most popular residential developments and so we are ideally positioned to offer tenants and landlords an unrivalled service. If you have a property to let in London, or would like a free no-obligation rental valuation of your property please contact us. For more London property market news and updates, subscribe to our newsletter.