David Johnson, managing director of Independent Residential Property Consultants, said: “Those with the appetite and finances to purchase an un-modernised property and refurbish it in London are likely to see a great return of investment if they were to re-sell or indeed hold and rent. We’re witnessing a significant trend of high-net-worth individuals willing to pay above market value for these sorts of high-quality furnished properties.
“Choosing a property with potential for capital growth is the most important factor. It’s also integral to tailor the property to the target rental audience and ensure the property appeals to at least two market segments.”