Are you in the London property market 'sweet spot'?
Homeowners in London who have invested in a pool house, kitchen extension or bespoke conservatory in order to make their home more attractive to buyers may be interested in the latest comments from London Central Portfolio (LCP).
According to the firm, those whose houses are worth between £500,000 and £1.5 million stand a great chance of getting their property sold at the moment.
It explained that this is currently the "sweet spot" for investors who seek to buy the homes and rent them out for between £400 and £1,200 per week.
They are sought-after as they tend to be popular in the corporate rental market, LCP chief executive Naomi Heaton explained.
"Investors who spend more money on spacious properties or three-bedroom properties will find they will not get as high a yield because there is not the rental demand," she said.
According to The Buying Solution, there has been a recent increase in investor activity at the bottom end of the property market in the capital.
It noted that there has been a spike in sales between £1 million and £3 million.
Posted by David Waxman
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