London Best Property Guide

FREEHOLD RESIDENTIAL GROUND RENT INVESTMENT FOR SALE -SOLD
BOWERDEAN
COLLEGE ROAD, LONDON NW10

A modern development comprising 14 flats each producing a ground rent income of £365 per annum ( total £5,110 per annum)

Leases: 125 years with increases every 10 years linked to the private sector average earnings index.
Freeholder has the benefit of Insurance. No management

PRICE: £89,500 subject to Section 5 Notices and subject to contract

For further information contact Daniel Lachs
tel: 020 7566 9444

The statements contained in these particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any part of an offer. None of such statements are to be relied upon as a statement or representation of fact and intending purchasers/tenants must satisfy themselves as to their correctness by inspection or otherwise.

Other ec1 property  - Property in Clerkenwell / London new flats

London Lettings Agent, Hurford Salvi Carr have reported a new trend “The Cascade Effect” – across the West End, City and Docklands market places.

Kari Trajer, Associate Director at Hurford Salvi Carr adds: “We have identified the latest trend – “the Cascade Effect” where Tenants from the upper end of the lettings market have downsized on rental costs and property size to come into the mid range end of the lettings market and the Tenants from the mid range end of the lettings market have also downsized to the lower level end of the lettings market.. The result is that demand is strongest for the properties in the £300- up to £600- per week price range.

Despite the demand remaining strong at the lower-level and mid price ranges, professional Landlords are still being flexible with furnishings (i.e. offering the property on either basis), decoration (the Tenants may have a request for the property to be repainted or upgraded some way), or other terms, like length of Tenancy agreed with their Tenants.

Kari concludes that the clear winners of “the Cascade Effect” trend will be Landlords who own smaller one and two bedroom units under £600- per week. Tenants may well see a return to sealed bids on these particular units, due to the increased competition from fellow prospective Tenants.

The investment market London continued to experience a minimum level of activity in the first half of 2009. Although borrowing costs fell as the Bank of England reduced the Official Bank Rate from 2% to 0.5% by March 2009, banks remained unwilling to lend in the sector to all categories of investor including buy-to-let, investment clubs and other private investors. Very few investment deals were completed due to the insurmountable gap in price expectations between buyers and sellers.

There are investors with equity pursuing products from distressed sellers at deep discounts, but there was little evidence of sales at deep discount in the first half of 2009. The unexpected revival of the sales market brought relief to some developers, with new stock selling well from March 2009 onwards. With vendors’ expectations rising towards the end of the first half of 2009, buyers and sellers were, if anything, further apart at the end of the period.

The four months from March to June 2009 witnessed an unexpected increase in confidence and optimism amongst buyers and a renewed willingness to sell amongst vendors. In the second half of 2008, we reported that the sales market in Midtown, City and Docklands was characterised by falling prices and a historically low level of transactions. We pointed out, however, that the rate at which prices were falling decelerated in the second half of 2008 compared to the first half of the year.

In broad terms, the market continued in this vein in January and February 2009: sales activity was moribund. There was evidence, however, in Midtown, City and Docklands that prices had stabilised at the beginning of the year, albeit the limited number of transactions meant that evidence was thin and inconclusive.

From the beginning of March, however, the sales market experienced a dramatic recovery. March 2009 was the first month since May 2008 that our website received more visits to sales than lettings pages. The recovery, which involved a higher volume of sales, fed through to price increases in Midtown and the City and maintained stable prices in Docklands. The increase in sales and prices affected all price-bands of residential property up to £1 million (for property priced at over £1 million, sales remained difficult to achieve). Our overall view is that prices for a typical one-bedroom flat across Midtown, City and Docklands increased marginally by 3% in the first half of 2009

It is important to emphasise that the banks have had little impact on this recovery in both sentiment and sales transactions. The market was created by purchasers with either very low loan to value ratios or “100% cash buyers”, as the banks had yet to re-enter the business of granting mortgages. Over 70 % of our sales in the first half of 2009 were to cash buyers. Investors were absent from the market, allowing us the pleasure of selling finished flats of high quality to owner-occupiers, most of whom were working locally.

Foreign buyers, especially from the Euro Zone were strongly evident in Midtown, City and Docklands, buying apartments for owneroccupation close to their workplace. Price falls of between 13% in Midtown and 20% in Docklands from September 2007, combined with the movement in the exchange rate from €1:£0.80 in October 2008 to near parity at the end of December 2008, generated enhanced “discount” for Euro Zone buyers. The Financial Times termed it “Half-price London”. In recognition of the enhanced level of interest from Euro Zone buyers, Hurford Salvi Carr added a page to its website for “Clientela Italiana” in January 2009, which enhanced our volume of sales to Italian buyers. In May and June 2009, we also saw
an increase in Far Eastern buyers from Hong Kong and Singapore where exhibitions of London property were once more being held.

Ground Rent Sale - SOLD

FREEHOLD GROUND RENT INVESTMENT OPPORTUNITY FOR SALE DEAN HOUSE, READING

A small development consisting of 9 flats each producing £250 per annum
(Total Ground Rent Income: £2,250 per annum).

All the flats have been sold on 125 years leases with the ground rents subject to 25% increases every 10years.
The freeholder controls the insurance but not the management.

The leases are structured in such a way that Section 5 Notices are not required. Offers are invited subject to contract only.

For further information contact

Daniel Lachs
Tel: 020 7566 9444
E-mail: daniel.lachs@h-s-c.co.uk

Victory place was built in 1996 by St George PLC. This secure gated development consists of several different blocks, including Osprey House, Gainsborough House, Oriana House, Imperial House, Hamilton House, Drake House, Fleet House, Challenger House, Conrad House and Forrester house. The various blocks are made up of one, two and three bedroom flats that surround a central car park and garden area. Although most of the flats include covered parking, which is located underneath each block. There is also a three bedroom penthouse in Drake house, that has panoramic views across the basin and out towards the River Thames. VICTORY PLACE , BASIN APPROACH

The homes which are free from taxes have been dramatically returned for London. It was disappeared virtually because of the increasing booms for properties. Everybody knows the fact there is a huge dip in markets. There was increase of stamp duties previous year. This was a resultant of an amazing offer given due to recession for the first time buyers. The offer was that they were free from the Gordon Brown bills which seemed to be a great burden for most of the new house owners. There has been a huge increase in offering of the houses which down with the threshold in the capital. Especially it was at that time when government decided to raise the cost under the influence of the survey.

There were only few tiny flats which were offered south and eastern part of the London for cheap rates and mainly free from all kinds of taxes. It has took a drastic change as now there are some more available. Any property which has been purchased at a difference of 1% from the threshold will gain you some good amount. The agents criticized that it is not such a big revival and there are all chances to improvise it. The vendors have been very much encouraged by the high thresholds. The encouragement was regarding the reducing possibilities of the price levels such that it seems more realistic. They all come at that times when the reports suggested by the agents at the buyers stalk levels is at the peak. The property market of London especially has faced a great problem of great dip in biddings.

One of the survey recommended by a well known property finders offered online named as Globrix was successful to find a large number of duty properties which are not stamped in Corydon. The properties counted up to 639 in numbers. The boroughs which seemed to be most expensive in Chelsea and Kensington are a single studio which is located at Gloucester Road. It has a single flat and it is less than the threshold level of the stamp duties. There are about five spotted in Westminster. The place where property has been offered for a lowest price is recorded as Dagenham and Barking and Newham. Te magnet for the prices of your house is nothing but is nothing but the higher thresholds as they help you by pulling them down such that it seems realistic.

Property in Islington guide

The name relates to the local lime kilns located by the river and operated by the large potteries that served shipping in the London docks[1]. The earliest reference to Les Lymhostes occurs in 1356[2]. From its foundation, Limehouse, like neighbouring Wapping, has enjoyed better links with the river than the land, the land route being across a marsh. Limehouse became a significant port in late medieval times, with extensive docks and wharves. Although most cargoes were discharged in the Pool of London before the establishment of the docks, industries such as ship building, ship chandlering and rope making were established in Limehouse.

Limehouse Basin

Bethnal Green is an area in the London Borough of Tower Hamlets, in the East End of London. Bethnal Green is situated in 5.3 km (3.3 miles) north east of the Charing Cross. During the 19th century, this place was characterized by market gardens and also by many silk - weaving traders. This was also a place of gardens and large houses. In the end of 19th century, this place was also one of the slums in the London. The operator of Bethel Green was “Jack the Ripper”.
In the year 1900, the “Old Nichol Street Rookery” was destroyed, and in the same site they started a “Boundary Estate”, near by boundary with Shore ditch. This building was also known as the first council housing in the world, and brothers Bernard Delfont and Lew Grade were brought up in this place.

In 1943, the Bethnal tube station which was not opened was a site of wartime disaster. Lots of families and people crowded in this underground tube station to escape from the German bombing. Even tough the sound of the bomb explosions started the panic and one hundred and seventy three people was crushed and died in this incident. The news of the death of these people was not released as it will damage the wartime morale.

During the 1960s, “Kray twins” who were famous gangsters lived in this place, but by the starting of the 21st century, this place started to undergo a route of gentrification.

Most of the famous sketches of Lou and Andy in the Little Britain are also filmed in “Bethnal Green’. This place is also famous for staple cheap London mash, meal and pie with jellied eels. The Kelly’s shop which was located in Bethel Green Road was famous for mash and pie. They also have 2 outlets in this area.

Bethel Green is also well - known for street market on “Roman Road”. This market is specialized for fashion. The seventh model of “Lara Croft” (Karima Adebibe) lives in this place with her family. In the videogame of Lara Croft the Bethnal Getaway is showed as a hub of cockney gangster activity.

Related information

• Property for sale in Bethnal Green
• Bethnal Green Council Tax Valuation
• About Bethnal Green

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