Only seven properties are available, two of which are studio apartments, the most popular type of newbuild apartment in London. Current rental demand for studios is 71% higher than in 2021. In addition there are a selection of 1, 2 & 3 bedroom apartments and duplexes.
Prices at Upper Richmond Road start from £500,000 for a studio and upto £1,150,000 for the larger units with forecasted rental yields of upto 4.9%.
Share of freehold.
Payment terms; 20% deposit, 80% on completion.
HANDSOME HOMES INSIDE AND OUT!
The homes are beautiful, encased in a Georgian style frontage with floor-to-ceiling windows, full of light and with outside space to enjoy; it’s easy to see they’d be a popular choice with tenants, especially when contrasted with Putney’s many Victorian properties to rent which are old and expensive to run.
With the current cost of living crisis, renting a modern, newbuild, and energy-efficient apartment has become a priority. Because these apartments are due to complete in a few months, investors can now take advantage of the upswing in London rents.
BATHROOMS:
• Bette baths, Italian Arteform and Laufren sanitary and brassware, Italian porcelain tiles. Bespoke shower enclosures, heated towel rails.
KITCHENS:
• Bespoke painted timber cabinetry with soft close hinges to doors and drawers.
• Fully integrated Neff appliances.
• Italian stone worktops with undermounted Silgranite Blanco sinks with monoblock tap.
FLOORING:
• Oak herringbone or planks to all reception and common part areas, with wool carpet to bedrooms.
HEATING:
• Individual Vaillant gas fired boilers, with underfloor heating throughout.
SECURITY:
• Video door entry systems.
WIFI:
• BT fibre optic cable to each apartment.
GARDENS:
• Fully landscaped gardens with timber decking areas.
Parking spaces available upon demand – £25,000 per space
10 Year Building warranty by ICW.
Location:
A prime London location with broad appeal.
Riverside Putney is regarded as one of London’s loveliest places to live; popular with families and young working professionals making for a diverse and wealthy tenant pool.
Upper Richmond Road is superbly located, a five-minute walk to Putney Station (London Overground network) and around a 10-minute walk to East Putney station (Zone 2), where residents can access the Underground.
The development is around the corner from Putney High Street, but Upper Richmond Road has a celebrated food and drink scene. Its riverside walks are internationally renowned, notably as the backdrop for The Boat Race, the historic annual rowing regatta between Oxford and Cambridge Universities.
TAKE A WALK
- Putney Station – 7 minutes
- East Putney Underground (Zone 2) – 13 minutes.
- Putney Bridge Underground (Zone 2) – 17 minutes.
- Putney Leisure Centre – 5 minutes.
- Sainsbury’s Supermarket – 9 minutes
- ODEON Cinema – 11 minutes.
Why London, why Putney?
There has never been a better time to be a London landlord; the UK capital is experiencing record rental growth – 142% higher than the UK 5-year average (the highest since 1979) and a shortage of supply when it comes to quality new build homes has resulted in the supply pipeline being down 47% on 2022 levels.
Savills has predicted 4% growth in house prices in Putney in 2023 alone and 13.7% between 2022-2026.
