|Last Updated: Jun 19, 2013|
LONDON - Flats
|COST (£)||YIELD (p.a.)||PRICE/SQ.M. (£)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|60 sq. m.||894,240||2,424||3.25%||14,904||40.40|
|120 sq. m.||2,485,440||4,337||2.09%||20,712||36.14|
|175 sq. m.||4,219,250||10,213||2.90%||24,110||58.36|
|300 sq. m.||7,393,800||19,584||3.18%||24,646||65.28|
|LONDON - Flats
(other luxurious areas)
|60 sq. m.||702,240||2,550||4.36%||11,704||42.50|
|120 sq. m.||1,706,280||4,088||2.88%||14,219||34.07|
|250 sq. m.||4,735,250||10,015||2.54%||18,941||40.06|
Prime Central London: Belgravia, Brompton, Chelsea , Kensington, Knightsbridge, North Mayfair
Other Luxury Areas: Bayswater, Earls Court, Hampstead Heath, Notting Hill, Marylebone, Regent“s Park, Pimlico, South Kensington and St. John“s Wood
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Prices per square metre (sq.m.) of apartments in Prime Central London (PCL) range from GBP 15,000 to GBP 25,000. Bigger apartments tend to cost more. A 120-sq.m. apartment costs on average, GBP 2,500,000 whereas a 300-sq.m. apartment costs around GBP 7,400,000.
Monthly rents per sq. m. range from around GBP 36 to GBP 65. This means that a 120-sq.m. apartment rents out for around GBP 4,300 per month, while a 300-sq.m. apartment rents out for around GBP 19,600 per month.
Average square metre prices in the other luxurious areas of London range from around GBP 12,000 to GBP 19,000. A 120-sq.m. apartment here costs on average, GBP 14,000 per sq. m. or about GBP 1,700,000 to buy.
Monthly rents per sq. m. range from around GBP 34 to GBP 42. A 120-sq.m. apartment rents out for around GBP 4,000 per month.
The gross rental yield or gross returns on a fully rented out apartment, both in PCL and in the other luxurious areas of London is very poor.
In PCL, rental yields range 2.09% to 3.25%, whereas in the other luxurious areas of London, rental yields range from 2.54% to 4.36%.
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
Fortnightly updates from the global property arena directly to your inbox.
Connect to professional advice in United Kingdom
Which parts of the world are most attractive for property investment today?