|Location||Richmond, Greater London|
|View larger image|
Eminence House, Richmond, Greater London, TW9
Through our consultation with the clients it became apparent that they were not interested in deriving and income from the property and were more focussed on the potential for capital growth over the medium to long term. They did however want the rental return to cover any expenses so that they didn't have to worry about funding the property on a month to month basis from their South African income. Lastly, on-going maintenance was also a concern. We concentrated our search on smaller boutique apartment blocks in south-west London, paying particular attention to areas such as Richmond, Putney and Barnes where capital appreciation has consistently outperformed the Greater London market. Shortly after being retained by the clients we successfully secured a brand new one bedroom apartment in a purpose built block in Richmond-upon-Thames.
Not only was the apartment close to the river, transport links and local amenities but was also equipped to offer the very best in contemporary living with secure underground parking, solid walnut wood flooring, granite worktops, under floor heating and high end fittings throughout.
Thanks to our expert negotiation skills and proven track record with developers we were able to secure the property at 7.5% under asking.
Within one week of completion we had the property furnished and had secure a professional tenant who paid £1500pm for 12 months in advance, giving our clients an impressive 6% yield.