With an average salary of £65,000, the owner of an apartment in Brentwood, a £4.4million London suburb, might not be a household name, but that doesn’t mean it’s not worth saving for.
Read more about Brentwood apartments.
The apartment was sold in July 2019 for a record £4,000 per month.
It’s located on the top floor of a building that’s currently undergoing refurbishment.
This is where the money is coming fromThe property’s owner is also a former hedge fund manager, who said the apartment was in “excellent” condition.
“We’re very lucky because we’re in the middle of a major redevelopment of our building, and the market is good, the property is fantastic,” the property’s property manager, Daniel Lips, told The Independent.
“There are no significant issues with the building, we have no problems with the neighbours, the people who live on the building don’t have any issues with us, there’s a lot of great things about it.”
The building, located at 4-8-3, is a former oil refinery, and was one of the first of its kind in Britain.
“We had a lot in the building and we’ve done a lot for the community, including refurbishing the whole building,” Lips said.
“So the tenants who live here have had to be a little bit more responsible and the landlords have had a bit more responsibility.”
While the property was purchased for a very good price, it was only recently that the landlord had to pay £8,000 for repairs.
According to Lips the repairs had taken about a month to complete.
“When we found out that the property had to go to the cleaners and the water lines had been broken, we started to do some research on the properties we were leasing,” he said.
We had an average of around £40,000 to pay for the work to be done and the money was very good, he added.
If you’ve been looking for a place to rent in London, you’ll want to check out the list of apartments available in Brentford.