Property Investment Guide - Hampstead, London
Elegant, period properties, leafy avenues and of course, Hampstead Heath, London's largest, ancient parkland, Hampstead is a rare find - a delightful, English village right in the heart of London. For many young families and professionals, it's the only part of London they wish to live in, and that's why it's such a good option for property investors, who are tapping into the ever increasing demand for rental properties in Hampstead.
Hampstead has its own unique charm. It's overflowing with trendy cafes, restaurants and shops, it has some excellent schools and yet is only minutes from Central London - it's not hard to see why the area has such appeal for tenants.
Hampstead property rentals
are a mix of Victorian and Georgian homes - terraced, detached and semi-detached properties. Properties range from one bed apartments to grand mansions. Locations around Hampstead Village are always the most desirable. Tenants vary from City executives looking for large, family homes to young professionals and couples looking for a one or two bedroom flats to rent in Hampstead, often a period conversion - these are exceptionally sought-after and let very quickly, usually within days. Apartments in mansion blocks also top many tenants' wish lists thanks to their airy, spacious feel and outside space. Rents in Hampstead range from £400 per week for a one bedroom apartment rising to £1,500 + per week for family size accommodation.
Property lets in Hampstead
There is a chronic shortage of rental properties in Hampstead, with few new developments in the area. This is prompting some tenants to look on the area's fringes at developments such as The Pulse on the Finchley Road plus high-end Melrose Apartments and The Visage in Swiss Cottage. These developments offer exactly the type of high specification homes that corporate tenants from overseas in particular are looking for. From these convenient locations, the West End and City are only 10 mins by underground train or bus.
Despite a shortage of property to rent in Hampstead, tenants can still be demanding - absolute 'musts' include neutral colours, wood flooring and hi spec kitchens and bathrooms. Features likes ensuite bathrooms, once luxuries, are now essential. Outside space is a real bonus and tenants are willing to pay extra for this luxury.
With higher rental budgets come higher expectations, so Landlords should be aware that corporate tenants will not take a tenancy unless the property is managed by a professional agent, in fact, 99% of global firms insist on it.
One of the most desirable places to live in North West London, Hampstead is a real magnet for tenants, making it an excellent choice for investors looking for a steady rental income.
If you're a property investor and considering buying a rental property in Hampstead or if you are looking for a property management agent in London, find out more about the area by talking to an experienced, Hampstead letting agent. You can talk to us 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