Flats to rent in London being refurbished

This rental investment flat in Courtfield Gardens, SW5 previously let at £300 per week was let by Chard South Kensington lettings agents at £525 per week following an extensive refurbishment


Chard Property Management is unusually busy dealing with major refurbishment projects on flats to let in London.

Three projects, budgeted between £25,000 and £55,000 have been put underway in recent weeks.

With more flats to rent in London in the middle price range of £500 - £1500 per week, refurbished property stands out from the crowd. Despite the premium price of flats and houses to let in London, relatively few are refurbished to the high, exacting standards demanded by expatriate corporate tenants.

One house to let in Kensington, recently refurbished by Chard, saw a rental increase from around £700 per week to £1200 per week - a massive lift in rental yield for an outlay of around £50,000. For investment landlords in London, a well thought out and properly executed "make over" can make buying a property to let in London a very lucrative proposition, whatever the short term vagaries of the property market.