sandfords

Specialists in Sales, Lettings and acquisition of prime

residential property in Central and North West London

Regents Park Rental Market

Rental market in Regent's Park

The appetite for rental property in the capital is rising, and it's a trend not
confined to the lower end of the market either. Overall, the average rents for
new tenancies in London are 8.4% higher now than in the same period in
2014*. When it comes to prime areas in the capital, Central London letting
agents are seeing a month-on-month rise in rental values, with one agent
estimating that annual growth at March 2015 was 4% - the highest rate for
more than three years and on a par with demand during the 2012 Olympics.
.

Regent's Park is one of the most illustrious places to rent a property in London
and its address is coveted around the world.

Prime Central London - new rental trends

The compounded result of the above is increased competition for the very best
houses and flats to rent in Regent's Park, which has sparked a trend of its own.
Upfront rental payments are becoming more popular, with tenants transferring
six to 12 months of rent to the landlord in advance. One Central London letting
agent estimates that 100 million in rent has been paid upfront by tenants since
the beginning of January 2015 - with double the amount of tenants now paying in
advance to see off stiff competition.

There are a number of factors in the current market that are pushing demand
for rental properties up, comments Andrew Ellinas - the Managing Director at
Central London letting agent Sandfords: "The election is having an impact on
the property market. First, the vote-winning strategy to reform the stamp
duty system - which made buying a home cheaper for 98% buyers - is
actually making many flats and houses for sale in Central London more
expensive to purchase. Secondly, many would-be purchasers are turning to
rental properties in light of any mansion tax that may come in to force after
the election result."

Types of properties to rent in Regent's Park

Most Regent's Park area highlights

Many tenants head to NW1 for the opulent, period houses and flats to rent in
Regent's Park. The postcode has a distinct Regency flavour, with the white
stucco-fronted faades and Corinthian-style columns of architects John Nash
and Decimus Burton characterising the area. Cambridge Gate - a French second
empire building built around 1875 - is another residential landmark, with this
building being skilfully turned into luxury apartments. Elsewhere, the red-brick
terraces on the Crown Estate and more modern portered mansion blocks
provide fantastic apartments to rent in Regent's Park.

Regent's Park itself is one of London's top attractions, home to London Zoo, a
boating lake, The Hub (the largest outdoor sporting facility in London) and an
open air theatre. For a leisurely pace of life, take a trip on the Regents Canal,
passing along the edges of the park and the zoo. Most of the West End's most
respected attractions and venues are within walking distance of Regent's
Park, although the area is well served by Underground stations and buses.
* Figures from the HomeLet March 2015 Rental Index

Contact Us
For more information on properties available for sale or to rent in Regents Park, dont hesitate to contact or visit our Regents Park Estate
Agents office.

Sandfords Regents Park Estate Agents

213-215 Gloucester Place
London NW1 6BU
+44 (0)20 7723 9988
rpsales@sandfords.com
rplettings@sandfords.com
www.sandfords.com