Last week I received a call from a Landlord looking to invest in another residential property.
The preferred area being Clapham. Now for the style of property, they don’t like blocks nor modern buildings – aesthetic reasons, so that leaves period buildings- the ever popular choice! Sharing knowledge of the most popular requests from Tenants, these being-
- Garden/ outside space
- Wood flooring
- Generous Room Sizes
- Close to Transport
My Landlord was now certain what features to look for, though she wanted to further understand what style property will give her the best return? I carried out some research (on properties with gardens) and came up with the following-
Style property Average sale price Average Rent Yield
1 Double Bed £522,083.33 £1708.25pcm 3.9%
2 Double Bed £651,250.00 £2194.85pcm 4.0%
3 Double Bed £868,571.00 £2549.28pcm 3.5%
4 Double Bed £844,666.00 £2839.16pcm 4.0%
Looking at the above we can see either a two or four double bedroom property will give the best return, depending on budget! Remember, if you are looking for a rental investment try to include as many of the popular Tenant requests as listed above. My Landlord has since begun her search in Clapham for a well-proportioned, two double bedroom garden flat with wood floors and lots of natural light!
If you are also looking to invest in residential property, other popular spots to consider would be would be Balham, Brixton, Stockwell and Tooting.
Contact me or Bruno if you’re looking to buy rent, or want to sell or let your property.
Melissa De-Vall, Revere Property Limited