Ladbroke Grove- Letting & Property Management
Client Background
J.J.F., the owner of a stunning property in Notting Hill, has placed their trust in Chambré’s expertise since 2011. They value our strategic advice on the London rental market and our ability to secure high-quality tenants while optimising rental yield.
Challenge
The key challenges included maintaining and increasing the rental yield in line with market rates, managing relationships with neighbours during significant refurbishments, and ensuring the property retained its high specification.
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Project Objectives:
- Rental Yield Optimisation: Successfully negotiate annual rental increases to reflect market trends.
- Neighbour Relations: Manage communications and maintain positive relationships with neighbouring properties during extensive refurbishment works.
- Property Refurbishment: Undertake refurbishment works to preserve the high standard of the property.
Solutions Implemented:
- Rental Increase Negotiations: Secured annual rental increases, aligning the rent with current market rates.
- Neighbour Relationship Management: Effectively managed relationships with two neighbouring properties during their major refurbishment works, ensuring harmony and minimising disruption.
- High-Specification Refurbishments: Conducted refurbishment works to maintain the property’s luxurious standards and appeal.
Time and Budget:
All objectives were met efficiently, with careful consideration of budgetary constraints and timelines.
Results and Achievements:
The property has been continuously let to a high-calibre American couple, now in their sixth year of tenancy. Our strategic management and effective negotiation of rental increases have maximised the rental yield, and our meticulous upkeep of the property’s specification has ensured ongoing tenant satisfaction. The successful navigation of neighbour relations during refurbishment works further highlights our comprehensive approach to property management.