The Brentford Project, London, UK
- £457,500
Description
The Brentford Project in London is a selection of 1,2 and 3 bed apartments situated on the River Thames and opposite Syon Park. 31 minutes from London Piccadilly and 20 minutes to Heathrow Airport. The newly opened clubhouse boasts an outdoor heated pool, sauna and steam room, Gym, Co-working Space and residents lounge.
This is a huge regeneration project being undertaken by a developer called Ballymore, who have a 40 year track record of building UK property. In July 2024 The development won ‘Development of the year’ at the UK Property awards.
Links below:
https://www.ballymoregroup.com/feature/an-award-for-the-brentford-project
https://www.linkedin.com/posts/ballymore-properties_its-a-win-for-the-brentford-project-the-activity-7212117669364330496-rASN
The prices start from £457,500
Leasehold: 999 years
Ground Rent: Nil
If you were to buy one of these with a UK mortgage you could be looking at a capital employment of around £250,000 approximately. (South Africans can borrow up to 70% loan to value from UK lenders and current interest rates sit around 6%)
Estimated Rental Values:
1 bed suites: £425 – £450pw (4.7% – 5.5% gross yield)
1 beds: £430pw – £480pw (4.5% – 5% gross yield)
2 beds: £635pw – £695pw (4% – 5.2% gross yield)
Why we like it as an investment property:
This is a huge regeneration project meaning that it is an attractive option for a long term investment given the uplift of the local area by the developer.. Pricing has increased since phase 1 launched. Development of the year 2024. Fantastic developer with 40 year proven track record.
