I'll kick off this week with this one:
Rollo Court, Strasburg Road, SW11 OIEO £405,000
A lovely flat in Battersea Park/Queenstown Road (who knows where the boundaries really lie in London?). Anyway it looks good, needs no work really and it will rent in the region of £450pw, thus producing a gross yield of 5.8%. Nice! If you look down the road (Battersea Park Road that is) you'll find a few building sites and the like, or to the well-informed the new quarters of the American, Dutch and many more embassies. All these new builds will most likely be bought by those looking for ultimate convenience and luxury - 1 bedroom flats are selling for over 700k! Tenants will still need somewhere to live for sure. Always. The area promises even better tenant demand in the next few years as these new builds complete - the secretarial staff, chauffeurs, cooks and cleaners and all the other people waiting on these high-flying diplomats will add to that demand.
So, if you're in the market for a good buy then have a look at this one.
Call me or drop me a line if you'd like to talk property. 020 3397 2099 or email jeroen@xandermatthew.com.
Happy investing folks.
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