St John’s Wood Gets Ultra-Prime Build To Rent Scheme

The first ultra-prime build to rent scheme in St John’s Wood has been launched by agents Aston Chase.

Blenheim Terrace offers three luxurious five bedroom townhouses, each 4,025 sq ft in size, with design and specification by award winning London-Miami interior designer Natalie Miyar of Natalia Miyar Atelier.

Aston Chase says that demand for properties of this type is rising due to interest from Americans relocating to London. Ben Sloane, Lettings Director, explains: “There is a sustained appetite from wealthy overseas tenants for high quality new homes, which they are choosing to rent for 3-4 year periods.

“Over the last 12 months we have seen a big spike in American families involved in banking and finance being relocated to London and we suspect that this is because American banks, financiers and other corporates are seeking to enhance their presence in London in anticipation of a big Post-Brexit USA-UK trade deal.

“We have seen a wave of US companies announcing office openings in London and American firms and expats asking about renting homes in London.

“As a result of all this activity, over the next 2-3 years we are likely to see a significant expansion in the number of luxury build to rent schemes launched in St John’s Wood and surrounding districts.”  

Build to rent, which is gradually gaining more traction in the UK, is most usually associated with affordable or co-living housing schemes. Although relatively small, this development perhaps shows that it offers opportunities at all levels of the market.

Source Aston Chase
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