Following on from our round up of the commercial department’s year, we couldn’t possibly have told you Davis Brown’s ‘Best Bits’ without mentioning our residential team in Fitzrovia. Emma and Sarah-Jane have let more properties in 2015 than any calendar year previously, including some stunning interior designed properties, new build town houses and compact suites.
2015 started with a busy January, following an increase in new instructions in the West End, including Covent Garden, Fitzrovia, Soho and Marylebone. One of favourite properties was unique loft apartment with a large mezzanine floor which overlooked and had direct access onto a charming roof terrace. The property was snapped up fast and became our first let of 2015. Our tenants have just renewed for another year until January 2017.
February saw the sale of two flats in Fitzrovia both of which had short leases and our Chartered Surveyors in London have since been instructed to negotiate the extension of the leases. February also brought our residential design team instructions to refurbish and interior design a portfolio of flats in Bloomsbury , Covent Garden and Fitzrovia. One of the flats was based in in the period mansion block, Queen Alexandra Mansions in Bloomsbury and had a complete makeover on a budget, with a new kitchen, bathroom and décor throughout and let almost immediately after coming onto the market at the full market rent. Keep an eye out on our website for our other properties which will be coming to the market soon.
With the run up to the general election, the Spring market was surprisingly busy for our estate agents in W1 and we widened the areas we covered with new instructions in Bayswater, Clapham and Islington. Our residential lettings negotiator, Sarah-Jane managed to let a two bedroom apartment on Hatherley Grove in Bayswater, a garden flat on Clapham Common Northside and a studio flat in Charing Cross in one day – making it….. . We had a number of one and two bedroom refurbishment opportunities in Notting Hill with long leases which were attractive to buyers and all sold in excess of the asking price.
We were fortunate enough to market an exciting development opportunity in Bourlet Close in Fitzrovia in July and August. With planning permission for a full residential scheme, the property attracted developers and owner occupiers alike. Best bids were invited for the freehold interest and we achieved in excess of £10 million making it one of the biggest on-market property sales of 2015.
September and October are traditionally busy months in the rental market, with an influx of students arriving in London for the new scholastic year. The estate agents in W1 were pleased to offer a portfolio of 10 new rental properties in areas such as Fitzrovia and Covent Garden. One of our favourites was a stunning two bedroom split level apartment on Goodge Street, with features such as wooden floor throughout. We also had two beautifully finished one bedroom apartments on Conway Street and Fitzroy Street, decked out with stylish and sleek furniture, these two let in just a few viewings each – dressing your property to let really does make a difference!!
Our last let of 2015 was on Carlisle Street. This beautiful second floor flat, with modern interior and features such as surround sound throughout, is the perfect pad in the heart of Soho. The new tenants moved in on the 20th December and were delighted to be in their new place for Christmas. For those of you that like the look of this flat, we have the top floor flat above coming available in January!
Davis Brown estate agents have had a fantastic year, letting properties all over London, from Fitzrovia to Marylebone, Covent Garden to Islington and Clapham to Soho. We have got lots of exciting properties coming up in 2016, so keep in touch with either Emma or Sarah-Jane to stay up to date on all of our latest properties.