At the start of February, our Client Services team visited River Wandle Apartments in Hackbridge, south London and the team were able to provide us with the following update.
There has been significant progress at River Wandle Apartments since our last visit, largely to the exterior of the building and the units on the ground floor. The block and beam floor to the south end of the building is almost completed and will then make way for screeding to take place. Alongside this exterior blockwork has been finished and is ready for the windows to be fitted in March.
Further progress has materialised with the installation of partition walls on the ground floor units along with the mezzanine floors, which will host the bedroom space for these apartments.
Once completed River Wandle Apartments will be a striking new development forming a collection of high specification studios, one and two bedroom apartments. Each of the apartments are beautifully arranged and extremely stylish, with fully fitted kitchens, bathrooms and some apartments will feature a mezzanine level.
River Wandle Apartments is due for completion in Q3 of 2019 and we are anticipating the development will be extremely popular with tenants. Currently, we are estimating that the rental yields will be between 3.5% and 5.4%.
One of our most recent developments in the London Borough of Sutton, was the Old Gas Works on Sutton High Street and is approximately 2.2 miles from River Wandle Apartments. We believe that the tenant demographic between these two schemes will be very similar, due to the proximity between the two locations and the extensive transport links available to residents at Hackbridge.
Please find below a copy of our tenant profile for the Old Gas Works:
|Total number of tenants||Average age||Average income|
If you would like to find out more information about River Wandle Apartments, please contact the team on 020 3551 9900 or email email@example.com
*Our projected yields are subject to change in line with the current market conditions and are based on individual apartment specification which may vary. These rental yields are correct as of March 2019.