There is always uncertainty in the UK property investment market, and with Brexit and changes to government laws this has increased recently. You may be considering property investment as an option but remain unsure about whether it will provide the yields you are looking for.
Well it is hoped that this post will convince you that property investment in the United Kingdom is still alive and kicking and that demand is still very strong for properties. There is still an acute housing supply which the government has failed to tackle successfully, and this shows no signs of slowing down.
House in Battersea hits the Market at £12 Million
Recently the Evening Standard reported that a mansion in Battersea, South West London, had been listed as available for £12 million. This is certainly a very grand mansion and it has a history of hosting lavish parties for the rich and famous which include Elizabeth Taylor, Margaret Thatcher and the former USA President Ronald Reagan.
This Tudor mansion is a Grade II listed building and dates back to the 17th century. It is located close to Battersea Square and it is claimed that the house has 110 feet wide lawns that almost go as far as the River Thames.
There are claims that the house was actually designed by Sir Christopher Wren. What is known as a fact is that the property was built in 1699 and it has 10 bedrooms, 5 reception rooms and 7 bathrooms. Between 1971 and 2011 the Forbes family lived there.
Malcolm Forbes purchased the house in a fairly derelict state and spent a fortune (millions of pounds) on renovating it. It is claimed that the house did not even have a roof when he purchased it. It is now a house of total beauty with immaculate grounds. It has marble on the floor, outstanding interior design including works of art and the room entrances are pillared.
Will it sell Quickly?
This is difficult to say. You need to consider that there is only a small target market for this kind of property. Is it really worth £12 million? Well it is in an excellent location, it is in excellent condition and it has an amazing history. These are critical factors in determining the price.
The property is now thought to be owned by a Russian, Sergei Pugachev. He has been in trouble with the British courts and in 2014 had his assets frozen. He also has an ongoing dispute with his own government in Russia. All of this will probably explain why the asking price is only £12 million. It is rumoured that Pugachev paid the same sum for it in 2014 so it must have increased in value since then.
Get a Great Return on your Property Investment without the hard work
When you select the right location to invest in property you can make a considerable return on your investment. The condition of the property will also have a major impact on the price that you can sell your property for. Both of these factors require a lot of hard work and experience to get right.
For a limited time, CPI are offering “hands off” property investment partnerships to the right people. We will take care of the hard work and experience, and you will just sit back and receive a great ROI on your investment. If you are interested please contact us for more information and a no obligation discussion.