Occupying a highly desirable spot along the River Thames, Richmond upon Thames is a borough with plenty of potential for those who are in search of lucrative investment properties. Home to attractions such as the historic Hampton Court Palace and Twickenham Stadium, the borough draws huge numbers of tourists every year, as well as people looking to buy or rent high quality homes in one of the capital’s most appealing areas.
One of the biggest draws of the borough is the fact that it contains more green space than any other part of the capital. It is home to more than 100 parks, including Bushy Park, Richmond Park, and the amazing Kew Gardens, the world’s biggest collection of living plants and one of London’s top tourist attractions.
The population of Richmond upon Thames tends towards the affluent, with incomes higher than the national average. It’s long been known as a favourite spot for the rich and famous, with celebrities such as Mick Jagger, Ronnie Wood, Brian May, and Angelina Jolie and Brad Pitt owning homes here. This is a particularly popular area for people involved in business, IT and finance who need to be able to travel to the city centre for work. It is also popular amongst German expats, due to the fact that the German School London (DSL) is located here.
If you own a property here or are considering investing in one, it may be worthwhile to target your marketing campaign towards professional people, as this will give you an excellent chance of securing tenants. It is also important to consider that your prospective tenants will expect an excellent quality finish in their rented home, so it is advisable to make sure the property is in great shape before placing it on the rental market.
If you need any assistance relating to investment properties in Richmond upon Thames, or are in search of a suitable property to purchase in any other area of London, our team of property specialists are here to guide you. With our pre-auction services, portfolio reviews and expert advice, we can give you the best possible chance of making a great purchase and successfully managing it once it has been secured. Contact us today for further details.
