A daughter of a longstanding LCP client wanted to use our exclusive buying service to acquire a rental investment in Prime Central London. Our unique ‘one stop’ service, including purchase, refurbishment, letting and management offered a hassle-free and appealing route to market during a global pandemic.
Share of Freehold
- Search Area:
Prime Central London
- Specific Preferences:
Unmodernised one or two bedroom flat in need of modernisation
- Purchase Price Budget:
The Final Selection
A two-bedroom property in Pimlico had been under the same ownership for a long time and as a result required a total refurbishment. Our in-house design and project management team, specialising in space optimisation, were able to reorganise the property to create a more practical and appealing layout and an open plan living area.
- Agreed Purchase Price:
The End Result
The flat post-refurbishment achieved a 33% uplift in rent compared to the other similar rentals. LCP were able to identify two professional tenants within a matter of weeks during the third national lockdown.
- Gross Rental Yield:
- Valuation Post-Refurbishment: