A desirable postcode

Apartment-living appeals to all ages. Flats are not just made for the young as the Cambridge-based developer Encore New Homes revealed in a study.

Apparently, 45 per cent of apartment home owners are now aged 46 or older.

Also with "flat" rates predicted for this year, the chief executive of Barratt Developments, Mark Clare, explained that he is expecting flat prices for the full financial year and assumes there will be no changes for the following year as well.

In that case it's no wonder that apartments have become the favoured living choice in London.

Apartment buildings are on the rise in all areas in London as more investors are showing an interest in that lifestyle.

One of the greatest benefits is the freedom to relocate. The freedom to relocate means greater career opportunities or promotions that may be offered in any part of the city.

There are also several other advantages to owning an apartment. Apartments are mostly maintenance free with lower utility bills and flexible leasing terms.

Many of the apartment complexes today offer amenities that would not be possible when owning a home.

Apartment complexes offer security with gated access, relaxation with pools, convenience with laundry, no-hassle utilities like cable and internet access, and a built in neighbourhood that any suburb would be envious of.

Depending on where you are in life's pursuits, the advantages of apartment living provides great opportunities and growth.

With that said, investors are now offered a highly desirable London postcode following the attainment of Collingham Place which is made up of a collection of six apartments in South Kensington, ready for immediate occupancy.

South Kensington is defined by its garden squares, iconic buildings, and institutions. It is a good choice for commuters and those seeking the culture of London's West End.

Earls Court Tube Station is just two minutes walk and The Royal Albert Hall, The Natural History Museum, The Victoria and Albert and the Serpentine Gallery are just a handful of the cultural attractions in close proximity to the apartment.

If it's the outdoors you seek then make your way to the Royal Parks of Kensington Gardens and Hyde Park which are both within walking distance.

For retail therapy, Kensington High Street is one of West London's most popular shopping streets and is nearby Knightsbridge which is home to many exclusive shops, restaurants, and night spots.

Collingham Place features five spacious one and two bedroom apartments and one, two bedroom penthouse in a Georgian town house conversion.

The apartments have been finished to the highest standard with under floor heating, superior sound proofing, Miele kitchen appliances and bespoke fixtures throughout.

The penthouse offers a top floor terrace, decked in Brazilian hard wood, with excellent views.

Imagine Homes CEO Grant Bovey said: "South Kensington has always been a highly desirable London postcode and we are delighted to offer property investors a rare investment opportunity in such a sought-after location."

Tenants can also expect a guaranteed rental return of 7.5 per cent of the purchase price per year for two years.