336 Upper Richmond Road,

Putney SW15

  • Yield: up to 4.9%

  • Completing q2 2023

  • Share of Freehold

  • 7 apartments: studio, 1, 2 & 3 bed apartments and duplexes

  • Prices from £450,000 - £995,000

UK INVESTMENT PROPERTY OVERVIEW

Introducing 336 Upper Richmond Road.

A boutique collection of apartments and duplexes in the affluent London suburb of Putney is regarded as “prime outer London” and one of the areas tipped to outperform over the next few years. Savills forecast Putney to have a 19.3% price growth from 2022-2026.

Only seven properties are available, two of which are studio apartments, the most popular type of newbuild apartment in London. Current rental demand for studios is 71% higher than in 2021.

Prices at Upper Richmond Road start from £500,000 with forecasted rental yields of 4.9%.

PROPERTY DETAILS

Completion: Quarter 2 2023

Share of freehold

20% deposit now, 80% on completion

Handsome homes inside and out

The homes at 336 are beautiful, encased in a Georgian style frontage with floor-to-ceiling windows, full of light and with outside space to enjoy; it’s easy to see they’d be a popular choice with tenants, especially when contrasted with Putney’s many Victorian properties to rent which are old and expensive to run.

With the current cost of living crisis, renting a modern, newbuild, and energy-efficient apartment has become a priority. Because these apartments are due to complete in a few months, investors can now take advantage of the upswing in London rents.

 

Studios, 1 beds, 2 beds, 3 beds & duplexes available

Experienced developer with a portfolio across London

Parking spaces available upon demand - £25,000 per space

 

A prime London location with broad appeal

Riverside Putney is regarded as one of London’s loveliest places to live; popular with families and young working professionals making for a diverse and wealthy tenant pool. 336 Upper Richmond Road is superbly located, a five-minute walk to Putney Station (London Overground network) and around a 10-minute walk to East Putney station (Zone 2), where residents can access the Underground. The development is around the corner from Putney High Street, but Upper Richmond Road has a celebrated food and drink scene. Its riverside walks are internationally renowned, notably as the backdrop for The Boat Race, the historic annual rowing regatta between Oxford and Cambridge Universities.

LOCATION

TAKE A WALK

• Putney Station - 7 minutes

• East Putney Underground (Zone 2) - 13 minutes

• Putney Bridge Underground (Zone 2) - 17 minutes

• Putney Leisure Centre - 5 minutes

• Sainsbury’s Supermarket - 9 minutes

• ODEON Cinema - 11 minutes

ASTONISHING RETURNS

Current rental demand for studios in London is 71% higher than in 2021, and these studios are set to complete by summer 2023, making them income producing within a matter of months.

Annual rental income available from £19,500 to £47,400

Predicted ROI of 142.5% over 10 years

JLL predict central London to increase in value by 19.3% to 2026

Rents rising fast thanks to lack of supply

Why should you invest in London property right now?

There has never been a better time to be a London landlord; the UK capital is experiencing record rental growth- 142% higher than the UK 5-year average (the highest since 1979) and a shortage of supply when it comes to quality new build homes has resulted in the supply pipeline being down 47% on 2022 levels. 

Savills has predicted a 4% growth in house prices in Putney in 2023 alone and JLL has predicted 19.3% growth across central London up until 2026. But with the currently desperately low supply of quality new builds, we wouldn’t be surprised if these estimates turned out to be conservative. 

The area’s unchanging fundamentals mean it remains one of London’s most desirable residential enclaves, hence its classification as “Prime Outer London.” 

  • A wealth of good private and state schools, plentiful parks and heathland, and its broad riverside vistas endow the neighborhood with an immense sense of space, rare for a capital city. 

  • The suburb’s average age of 42 tells you much about who chooses to live there; working professionals, young families, and Londoners “hankering for the countryside,” says the Evening Standard

  • Excellent transport connections make it easy to get into Central London and beyond, with close access to the Underground and Overground network.

Get in touch

A local developer with a portfolio across Richmond & Wandsworth 

Based within the Borough of Richmond-upon-Thames, David Gooding Design & Construction has acquired a reputation for quality and vision, which results in exciting, innovative projects in the best locations. Underpinned by the best craftsmen, all developments remain sympathetic to their surroundings and architectural heritage. We've been involved in the design and construction of high-quality developments for over 30 years.