London’s property market appears to hold just as much appeal as ever, with tenants snapping properties up at extremely fast rates. In fact, a new record has been set this month: a flat in the much sought-after area of Mayfair, in the City of Westminster, was let only 40 minutes after being placed on the letting agent’s website.
The agent received over 200 enquiries about the compact 301 square foot flat in just 15 minutes, and it was let less than an hour later. The new tenant will be paying £1,560 a month in rent and chose the flat because of its location just off Regent Street and its proximity to their place of work. Despite the intense interest, the flat itself is a small, fairy ordinary property rather than a luxurious high end one, proving that location is everything when it comes to property investments. If you own a flat or other kind of property in the right area of the capital, you can appeal to many prospective tenants and ensure you receive plenty of interest.
If you are considering searching for investment properties in the City of Westminster or any other areas of the city, we are on hand to help you make the right decisions and purchase a property that will give you optimum returns. We have a pre-auction service that guarantees your rent before you even buy the property, giving you complete reassurance that you will make a great income from your investment. Whether you are looking to buy or already own a property and need full management services, we can provide the services you need.
Get in touch with us today to learn more about our fantastic guaranteed rent offer, or to find out more about how you can take full advantage of London’s hot property market. With rental flats and houses being snapped up at amazingly fast speeds, it is an excellent time for investors to get involved in the capital’s buy to let market.