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Property Details:

Property ID: 27734353

Price: From £192,825 to £401,053

Property Location: United Kingdom, England, Surrey, Sunbury On Thames

Investment Type: Property Investment

Type of Property:

  • Apartment

Studio
£192,825

One Bed
£290,378

Two Bed
£401,053

Apartment

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The Richmond

Description

The Richmond is an exclusive collection of 59 exceptionally spacious apartments in a luxury development in the heart of Sunbury-onThames and is only a few minutes walk from a future Crossrail station.

 

Boasting a beautifully finished, contemporary and light exterior matched with well-appointed interiors from some of the world’s top fashion houses, this attractive contemporary building is a refurbishment of an unused office block and is in advanced stages of the construction cycle with internal fit-out currently underway and completion due in May 2017.

 

Consisting of studios, 1 and 2 bedroom apartments The Richmond has been designed to appeal the young professionals and families commuting to central London or working in the local area.

 

As stated, Sunbury-on-Thames is a large employment centre for digital technologies and services and boasts some key employers in the immediate area as well as a short train or drive away in nearby Heathrow Airport, Kingston and Richmond.

 

Sunbury station (10 minutes walk) and Kempton Park station (15 minutes walk), serve The Richmond as well as Sunbury Cross Shopping Centre, leaving all major amenities right on residents’ doorsteps. This provides an ideal location for strong rental demand for luxury rental apartments which are preferred amongst young professionals and working families.

 

With apartments making up the lowest proportion of accommodation in Sunbury-on-Thames’ local housing stock (only 20%) this is an undersupply of this property and furthermore the available apartments are mainly only either older conversions or a lower and basic specification when compared to The Richmond. A further boost comes from the current regeneration drive underway in Sunbury-on-Thames.

 

This will benefit property prices in The Richmond as it reaps the positive effects of the high values and growth of surrounding area as price increase off a lower base. Whilst these factors all add up to pointing to Sunbury-on-Thames as a London commuter belt hotspot, perhaps the two biggest positive effects on property prices here are the Heathrow Airport expansion and Crossrail project across London. Both of these will provide huge stimulus to further property price growth to The Richmond.

 

Such is the appeal to investors for a luxury property like The Richmond in an area with so many strong growth opportunities that we are offering apartments with a ready-made letting and management package with local and experienced agents Chancellors. At current projected rental rates, gross yields of up to 5.6% can be achieved due to the string rental demand and very low supply of available quality properties.

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