|Last Updated: Jun 18, 2014|
LONDON - Flats
|COST (£)||YIELD (p.a.)||PRICE/SQ.M. (£)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||670,680||2,040||3.65%||16,767||51.00|
|75 sq. m.||1,384,350||3,822||3.31%||18,458||50.96|
|120 sq. m.||2,458,320||6,578||3.21%||20,486||54.82|
|250 sq. m.||6,185,500||15,895||3.08%||24,742||63.58|
|LONDON - Flats
(other luxurious areas)
|50 sq. m.||735,650||2,091||3.41%||14,713||41.81|
|85 sq. m.||1,305,260||3,463||3.18%||15,356||40.74|
|120 sq. m.||2,251,560||5,098||2.72%||18,763||42.48|
|200 sq. m.||3,668,800||8,796||2.88%||18,344||43.98|
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%.
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