Property management in Westminster, London

2 bed rent

£4,395 a month

3 bed rent

£6,835 a month

Typical sale price

£700,417

Gross yield

2.7%

Read around W2. Rents are advertised rents; the sale price is the average of completed sales in the last twelve months.

Westminster is a central London borough and rents are among the highest in London, reflecting its position at the heart of the capital, covering areas from Mayfair and Marylebone to Pimlico and Maida Vale. It is home to many of the capital's well-known landmarks and government buildings, which shapes both its housing stock and its tenant profile.

The housing stock is dominated by Georgian and Victorian terraces and mansion blocks, many converted into flats, with grand stucco-fronted squares in Belgravia and Pimlico contrasting with the busier, more commercial streets around Soho and Victoria, and Maida Vale offering a quieter, more residential character towards the north of the borough.

Victoria, Paddington, Baker Street and Oxford Circus stations, along with the majority of the Underground's central lines, mean almost every part of the borough is within easy reach of the rest of London, so tenants include corporate and international lets, professionals working nearby in Whitehall, the West End or Mayfair, and a smaller number of long-standing residents in the quieter residential squares.

For a landlord, Westminster's central position and international profile mean demand tends to remain fairly resilient, with corporate and overseas tenants forming a larger part of the market here than in most other London boroughs, and this can bring a different set of expectations around presentation and service compared with more typical residential lettings. Marylebone, in particular, has a strong reputation for its independent shops and restaurants, which adds a further layer of appeal for tenants choosing between the borough's various neighbourhoods.

• Rent collected and paid to you within 3 working days of your tenant paying
• Your rent held in a ring-fenced client account, separate from Caso's own money, until it is paid to you
• Tenant calls and messages answered 24 hours a day, every day
• Repairs assessed, priced and arranged for you, charged at the contractor's invoice with no markup
• A monthly statement for each property, with every invoice attached, in your portal
• Late rent chased from the first day it is overdue, with a dated record
• Tenancy agreement drawn up and signed online
• Renewals, changes of tenant and legal notices prepared and served
• Rent reviewed every year and the Section 13 rent increase notice served for you
• Deposit protected with the Tenancy Deposit Scheme within 30 days, and the deposit paperwork the law requires served on your tenant
• Deposit deductions agreed and the deposit returned at the end of the tenancy
• Gas safety, electrical safety and energy certificates renewed before they expire, at cost
• Smoke and carbon monoxide alarms checked and recorded
• Council landlord licence applied for where your area needs one, and its renewal date tracked
• Optional: rent guarantee at cost, with no markup. You are paid even when the tenant does not pay.

Selective or HMO licence (council licence). The City of Westminster has no selective licensing scheme currently. A shared home let to five or more people from more than one household still needs a mandatory HMO licence.