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How Landlords Can Capitalise on The Popularity of Serviced Apartments in London

In the busy and bustling city of London, finding suitable accommodation can be a daunting task. With so many options available, it is not always easy for tenants to determine which one will best suit their needs. However, in recent years, Upperkey have noticed that there has been a significant rise in the popularity of serviced apartments among renters in London. Managed by professional serviced apartment operators, the best serviced apartment services in London offer a wide range of benefits that make them an attractive choice for both short-term and long-term stays. Keep reading and learn more about why serviced apartments have become the preferred option for many renters in the UK’s capital, and why this is a good thing for landlords.

Managing a serviced apartment, representing the professional management that sets serviced apartments apart
Finding the perfect accommodation in London: The rise of serviced apartments.

Convenience and Flexibility

At Upperkey, we know that convenience and flexibility is often a top priority for tenants – and it’s one of the primary reasons why serviced apartments in London have become so popular. Unlike traditional rental properties, serviced apartments come fully furnished, providing tenants with everything that they need for a comfortable short-term or long-term stay. From kitchen appliances and utensils to comfortable beds and living room furniture, these apartments are thoughtfully equipped to cater to the needs of modern renters.

What’s more, serviced apartments are also known for being flexible in rental terms. Whether a tenant is staying for a few days, weeks, or months, it’s easy to find a serviced apartment that suits their desired duration. This flexibility is especially beneficial for those visiting London for business or leisure purposes, as it allows them to tailor their accommodation to their specific needs.

Landlords with an empty serviced property can cash in on demand for serviced apartments. If you own a property close to event centres and the business district, it should be easy to find corporate tenants looking for high-quality, long-term accommodation.

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Superior Services and Amenities

Another of the main reasons tenants prefer to choose serviced accommodation in London is the array of amenities and services that often come along with it. Upperkey and many other serviced apartment operators focus on providing top-notch service to residents, ensuring that they have a comfortable, enjoyable stay. From round-the-clock concierge services to regular maintenance and housekeeping, these apartments offer a level of convenience and customer service that’s hard to find anywhere else.

Plus, many serviced luxury short term rentals London boast an impressive range of amenities on-site. This might include swimming pools, gyms, communal lounges, and even business centres, catering to the residents’ diverse needs. The availability of such facilities ensures that tenants can enjoy a premium lifestyle without having to leave the comfort of their accommodation.

Landlords with high-end, serviced properties will have no problem finding tenants with demand so high.

Prime Locations in Central London

Location is an essential factor to consider when choosing serviced accommodation in London. The good news is that serviced apartments often occupy prime locations within the heart of the capital. Whether tenants are looking to explore the vibrant nightlife, visit renowned landmarks, or access the major business districts, serviced apartments are strategically situated to offer easy access to everything that London has to offer.

By opting for a London serviced apartment, tenants can save valuable commuting time and experience the vibrant atmosphere of the city right at their doorstep. This proximity to key areas of interest is especially advantageous for business travellers or tourists who want to make the most of their time in the city.

The London rental market has been a boon for landlords. Popular areas like Covent Garden always attract a lot of people looking for someone to stay while visiting London or staying a bit longer for business. Property investors can make a lot of money by investing in serviced apartments in prime locations.

Cost-Effective Solution

Contrary to popular belief, serviced apartments can often be a cost-effective solution for renters in London. While initial rental rates may appear higher in comparison with traditional apartments, it’s hard to deny the overall value for money. Serviced apartments eliminate the need to purchase furniture, appliances, and other household items, saving tenants from significant upfront cost.

What’s more, the inclusive nature of serviced apartments eliminates the need for tenants to worry about additional expenses like utility bills, internet connections, or even TV subscriptions. As these services are often bundled into the rental package, tenants can find it easier to accurately budget their accommodation costs and avoid unexpected surprises.

This makes letting a serviced apartment a lot easier for landlords.

Personalised Service from Professional Managers

One of the standout features of serviced apartments in London is the level of personalised service provided by professional service apartment management. These dedicated managers are experienced in catering to their tenants’ specific needs and preferences. They work hard to create a comfortable, welcoming environment, ensuring that residents feel at home throughout the day.

Whether tenants require assistance with local transportation, restaurant recommendations, or receiving parcels, serviced apartment managers are there to help. These professionals possess in-depth knowledge of the city and are well-equipped to offer guidance and support, making sure that each tenant’s stay is as seamless as possible.

Plus, serviced apartment management teams are available around the clock to address any issues or concerns that may arise. Whether tenants have simple queries or maintenance requests, they can be relied on for a prompt and efficient response. This level of dedicated service sets serviced apartments apart from other accommodation options, giving tenants peace of mind and a sense of security.

For a landlord, this makes life a lot easier. Serviced apartment management teams handle all service requests and problems, so the landlord doesn’t have to worry.

Showcasing the personalized service provided in serviced apartments
Quick responses and maintenance support in serviced apartments.

Why Serviced Apartments are a Smart Choice for London Landlords

As a landlord in London, it’s crucial to stay ahead of the game and meet the evolving needs of tenants. The rising popularity of serviced apartments among renters presents a unique opportunity for landlords to tap into a lucrative market and maximise their returns. Here’s why serviced apartments are a smart choice for London landlords:

Higher Rental Yields

One of the main benefits of venturing into serviced apartments is the potential for higher returns. The demand for short-term rentals in London is consistently growing, driven by factors such as tourism, business travel, and relocation. By offering serviced apartments, landlords can charge premium rates for the additional convenience and flexibility that they provide. Compared to traditional long-term rentals, serviced apartments generally command higher rental prices, resulting in increased profitability.

Minimised Void Periods

Vacancy periods can be a concern for landlords, as it means a loss of rental income. However, there is a significantly reduced risk of extended void periods with service apartments in London. Since this type of property is so popular, it often ensures a steady stream of tenants, particularly in prime locations like central London. Whether it’s professionals on short business trips, tourists exploring the city, or individuals in need of somewhere to stay on a temporary basis, there’s a consistent demand. This allows landlords to maintain a stable rental income and minimise the time between tenancies.

Professional Property Management

Managing a rental property can be time-consuming and challenging, particularly when dealing with multiple tenants and maintenance issues. By partnering with Upperkey, landlords can benefit from an expert Central London serviced apartment manager. As a landlord, you can enjoy peace of mind with everything from tenant enquiries and bookings to maintenance and housekeeping handled on your behalf.

Are you a landlord interested in taking advantage of the growing demand for serviced apartments in London? Upperkey can help. With years of property management experience, we know what tenants are looking for. Contact us today to discuss your property management requirements.

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