Nine Elms comes of age with huge surge in tenant demand

Leading London lettings and estate agent, Benham and Reeves, has found that demand for rental properties in their Nine Elms Point development is pushing rents to above-average levels as homebuyers scramble to secure a home in the second phase of sales.

Benham and Reeves, who has a branch on-site, has seen a huge surge in tenant demand with just 10 units left to sell in Gladwin Tower over the next few weeks, despite these new homes completing during the autumn season.

Nine Elms Point already benefits from great transport links, but with the Northern Line extension due to open directly opposite the development next year, it has proved popular amongst both investors and London tenants looking to secure a property now in order to take advantage of this future convenience.

The development also boasts five-star amenities and fabulous views of London’s riverside skyline and has proved popular with both wealthy overseas students from top universities such as the London School of Economics and Kings College London, as well as professionals working in various tech sectors in the surrounding areas. This has been bolstered by the arrival of high-profile neighbours such as Apple’s headquarters and the American Embassy.

Benham and Reeves has already seen the first 32 homes that completed with their onsite branch let within 10 days, with investors spoilt for choice from multiple tenants offering as much as 10% above the market price for rents on a three-year term.

With the current average monthly rent in the SW8 for a one bed property at £2,000, the rents being achieved at Nine Elms Point are a clear indication of the above and beyond demand for property within it, with the higher floors achieving between £2,500 and £2,700 in rental income per month for a one bed alone.

This is a clear sign of the public interest in the Nine Elms area which is now firmly plotted as a Zone 1 rental hotspot.

Such is the confidence in Nine Elms Point and the rental demand here, Benham and Reeves are offering investors a rental guarantee yield for up to 24 months. Investors can take advantage of a 5% gross yield paid from the day of completion, reducing the urgency in finding a tenant or for rental payments to start.

This is a new approach reinforcing confidence which appeals to both seasoned as well as entry-level investors.

Sarah Edwards, Branch Manager at Benham and Reeves, commented:

“Nine Elms has been in the spotlight for quite some time now but the arrival of Apple and the American Embassy, coupled with the impending extension of the Northern Line, have been real signs of intent for the future of the area and this has resonated amongst the investment community and tenants alike.

Now that the area has come of age, we are starting to see buy-to-let properties exceed expectations where rental income is concerned, and this is only going to continue as the number of properties entering the market slows and demand grows as a result of new infrastructure and the desirability of living in such a prime location.”

Sarah Edwards: 020 3282 3700, ne@benhams.com

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Breaking News

Rent and run? Agents warn of new ‘Stopover Tenant’ epidemic

Nearly 1 in 3 letting agents report tenants walking away from 6–12 month tenancies – some after just a few months Experts warn rental reforms are fueling relocation-style, short-term renting Almost half of agents now advising landlords on how to manage early exits A new trend is sweeping the rental market and it’s leaving landlords…
Read More
Breaking News

Breaking Property News 11/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   A ‘workplace companion that’s not just about managing buildings’ Smart Spaces has launched Space Agent, its new agentic AI-driven workplace concierge designed to transform how people manage and engage with buildings and their workplaces. Space Agent – introduced through its friendly persona, Max – is fully…
Read More
Breaking News

Where can you still buy a home for under £150k?

Zoopla reveals Great Britain’s property bargain hotspots Just 12 per cent of all homes for sale across Great Britain are priced under £150,000 making location key for home buyers looking for a bargain In the North East, a remarkable 41 per cent of all homes for sale fall within this price range, followed by Scotland…
Read More
Breaking News

Landlord repossessions soar as Renters’ Rights Bill looms

Landlord repossessions soar as Renters’ Rights Bill looms, with some areas seeing increase of over 2,500% The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, shows that landlord repossessions have increased by 6.8% across England and Wales. However, in some areas of the country they have soared by…
Read More
Breaking News

These are Britain’s most active housing markets

New research from The Property DriveBuy reveals that the busiest homebuying postcodes in Britain right now are found in Croydon, Buckinghamshire and Waltham Forest, however, for those hopeful homebuyers facing tough competition, shifting to a neighbouring postcode could see them secure a property. The Property DriveBuy analysed latest housing market data to discover which of…
Read More
Breaking News

Downsizers can bag 2 for 1 on property purchases

The latest research from over-50s property specialists, Regency Living, reveals that downsizing retirees could own two homes for the price of one, combining a comfortable home in England with a sunny escape in Europe. According to Regency Living’s latest analysis, retirees who sell a traditional bricks and mortar house and purchase a park home can…
Read More