A bustling financial hub by day and a concrete ghost town by night? That description no longer fits when talking about the City of London. The oldest part of the capital has returned to its roots as a desirable and vibrant residential quarter, thanks to a cluster of far-sighted regeneration schemes and the cultural rise of neighbouring East London. The banks may have decamped to Docklands, but the City is still home to the insurance, legal and accounting sectors that help drive one of the world's most important financial engines.
Having said all that, workers in these parts no longer wish to make epic rail journeys from the suburbs and may even prefer a little gym time or breakfast with the kids, before arriving fresh at their desks after a quick stroll along the Thames. These are the factors which continue to drive demand for high quality accommodation in and around the Square Mile and which have led to many an historic building being imaginatively and lucratively converted into luxurious apartments to rent. Standards are high. They have to be, as corporate professionals and international relocation agents who are booking executive rental accommodation for their blue-chip tenants are used to the very best. Individuals wishing to invest in such a market as this would do well to employ the services of an experienced property management company in order to get the best rental return possible. In fact, most companies insist a property is professionally managed by a letting agent so it's necessary to factor in the cost of this if you are considering a buy-to-let property to rent out in London.
Apartments here are ingeniously designed within historic buildings often packed with original features and copious windows introducing lots of light. Inside, the room specifications are often sleek and contemporary with up-to-the-minute appliances and good security.
An imaginative combination of history, function and convenience is what the discerning landlord or investor generally looks for and an apartment in the City of London is sure to tick many boxes. On their doorstep, they will discover a financial district that has taken on certain aspects of the nicer parts of the West End with shopping malls, restaurants and night spots all in evidence, albeit in a more discreet and orderly fashion.
When it comes to transport, the City displays almost a plethora of options. Bank Tube station houses an underground interchange that includes the Central, Northern, District and Docklands lines. Liverpool Street, London Bridge and Blackfriars stations are overground hubs that link London to a large part of Southern England and beyond, including Gatwick, Stanstead and Luton airports.
A large solvent workforce with a keen eye for a well turned out, centrally-located apartment is a great motivation for the ambitious investor to get involved. With judicious planning and expert help, there is adequate scope for anyone wishing to buy a rental property here for long term capital gain and income. Find out more by contacting our City lettings agency and they will be happy to talk about any aspect of property rentals, from free rental advice to finding a tenant and property management.
Call our Lettings office on 020 3603 3135 or Post your query here