Chalk Farm is one of the most interesting areas in all of Camden. It is largely residential but is within touching distance of incredible nightlife and leisure options. If that wasn’t enough, the transport links are also fantastic. The Northern Line now operates 24 hours a day, making the area even better for commuters. Continue reading
Investors are looking for 2018’s property hotspots
London is expected to remain a hot area for buy to let in 2018. Although prices fell slightly in a number of areas in 2017 there is still strong return on investment potential. There are plenty of good opportunities for capital gains in the long term. In addition, rental demand is high in a lot of areas so a good yield can be achieved. Continue reading
The first time POCA has been used
Brent Council has a reputation as one of the toughest local authorities in London when it comes to pursuing and punishing rogue landlords. They enforce two licensing schemes in areas across the Borough. Failing to adhere to these can result in big fines. In fact, to date they have issued over £100,000 in fines. Continue reading
Bexley has two popular property hotspots
New data from Rightmove revealed that asking prices across the UK were cut in January. This is seen as a bid by sellers to entice New Year buyers. The national average for reductions is 1.4% but not all areas have reduced prices. In fact some hotspots continued to rise in value. Continue reading
Proposals denied for a residential conversion in Barnet
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 UK has more million pound properties than ever before
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.
Work on new council housing in Wandsworth is underway
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
When should you list a property for sale?
Listing a property for sale is more challenging than many people expect, especially if they want it to go as smoothly as possible. You can list at any time but if you do there is no guarantee that you will get any interest. In fact you could go months without any if you don’t time it right. How do you know when to list though? Continue reading
A very special type of property renowned for its quality
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
Which Borough created the most affordable homes in 2017?
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
