Barnet House, in Whetstone, London is a former council offices building. It became the focus of redevelopment plans last year but the proposals met some tough opposition. The main issue was the size of the flats that were proposed for the site. The studios were criticised for being too small. Continue reading
The latest data from Zoopla showcases the big rise in properties valued at £1million or more in the UK. It also further highlights why Barking and Dagenham remains one of the cheapest areas in London to buy a home.
The headline figure is there are now 768,553 homes in Britain in the upper price bracket. This translates to 22.95% growth since August 2016. During the period prices have continued to rise in a number of areas, creating new property millionaires in the process.
The capital has the most
Not surprisingly the highest concentration of million pound properties is in London. When the figures were collected there were 430,720 in total. The South East of England had the second highest with 180,397. Wales was bottom of the list with just 2,223.
In London the properties were spread throughout all of the Boroughs but some areas had far more than others. For example Westminster had 54,231 and Kensington and Chelsea had 45,366. At the other end of the list Barking and Dagenham had just 20.
In total 2.7% of the housing stock in the whole of the UK is valued at £1million or more according to the figures. This shows that the market is healthy and demand is still high in many areas.
Barking and Dagenham remains a popular area for people seeking more affordable housing though. It has the lowest average house price in the capital but healthy annual growth at around 3%. This means there are plenty of opportunities on offer for buyers and investors.
Finefair is an established lettings agent Barking and Dagenham landlords trust. We can help them to achieve good returns for their investments and also provide additional security. For example we can arrange guaranteed rent to protect income or council leasing to provide a series of benefits.
If you are interested in investing or already own a property you want to let, we can help. Contact us to find out more and see what opportunities our services can provide.
In January work on the biggest council house development in the UK began in Wandsworth, London. The £150million project will create 1,000 homes, 60.5% of which are intended to be made available at discounted rates. These houses will be perfect for people who live and work in the Borough. Continue reading
Walthamstow has become one of the most quirky and popular areas in London over the past few years. Before that the Village was traditionally the only area in demand; properties outside of it weren’t as well sought-after. This all changed thanks to restoration and regeneration work plus the performance of local schools. These factors added up to a younger crowd and attracted more businesses too. Now this is one of the best locations in Waltham Forest. Continue reading
Official Government figures were recently revealed to detail how many affordable homes were created in the capital in 2017. In total, 6,762 were built, falling far short of the target. City Hall claims that as many as 40,000 would be needed every year to match demand. Although this target was missed, the total delivered is an 18% rise over 2016. Continue reading
Eco-friendly houses continue to rise in popularity. Buyers value them highly because they are designed to be sustainable and generally have lower energy bills. Developers across the UK are looking to create more of these properties, ensuring they design with the future in mind. Continue reading
Elephant & Castle Shopping Centre had the honour of being the first covered mall in Europe when it was finished in 1965. It was an ambitious building but has struggled over the years. The internal layout is lamented for being confusing and the facade is aged and unattractive. Incredibly there are some thriving businesses still on the site, including a number from Latin American backgrounds. Continue reading
Richmond Upon Thames is renowned for having some of the highest performing primary schools in the whole of the UK. This encourages a number of families to move to the area and results in high demand for places. Fortunately, new schools are planned to help deal with this. Continue reading
Towards the end of January a government inspector granted approval for the new Local Plan by Redbridge Council. It has taken 11 months to work on the document, setting out exactly what the local authority plans to do in the area between now and 2030. A variety of topics are covered including the aim to build new houses, create shops and leisure facilities, and improve the infrastructure. Continue reading
Beckton is one of the most eastern urban neighbourhoods in the London Borough of Newham. It was initially a stretch of marshland but the rapid expansion of the capital brought transformation. A lot of industrial activity arrived in the area, including what was once the largest gasworks in Europe. Continue reading