photo credit: ! Artist – Carolyn Hietala
A property firm is selling apartments starting at less than £250,000 near one of London’s most desirable areas where rental yields could touch “seven per cent gross”.
The new homes for sale at Sandy Lane, Teddington, are close to Richmond and have been developed by Linden Homes.
Estate agents Knight Frank said only a small number of the units were up for grabs, with some boasting views over nearby Bushy Park.
The firm said the apartments could be a “great opportunity” for property investments thanks to the current lettings market in the UK.
Cassandra Elliott of Knight Frank said: ”
It presents a great opportunity for investors as demand for rental properties has surged as many have opted to rent rather than buy in recent months.
“This, combined with a reduction in overall property prices, is resulting in some great opportunities for cash-rich investors who are now able to snap up great value properties and achieve good rental returns through buy-to-let.”
She added the scheme showed there was still “real value” to be had in the London real estate market.
Earlier this month estate agents Cluttons said some London properties are now being “priced to sell” with some homes going for 25 per cent less than the peak prices of last summer.