Modern amenities are one thing that can encourage people to live in a certain area. In particular they will attract younger, technically astute buyers and renters. In London, Kingston Upon Thames is taking the lead in terms of digital value. This comes after they announced in December they would be the first Borough in the capital to offer 24 hour free Wi-Fi. Continue reading →

The property market always seems to slow to a crawl over the Christmas and New Year period. This isn’t too surprising though because people generally have a lot of other things on their mind. January can see everything spring back to life, including an influx of newly listed properties. Continue reading →

In February Harrow council released details of a £10million plan to build new council properties and shared ownership homes. The Grange Farm Estate currently has 1960s pre-fabricated homes. These properties date back to a period when housing demand was outpacing supply. The shortage saw an influx in temporary homes. In many parts of the UK these buildings are still standing but are now very out of date. This is true of the estate in Harrow. Continue reading →

Imperial College London invested in the 23 acre White City site in 2009. Since then they have been in the process of redeveloping it. The north part of the site has been under construction since 2012. The Molecular Sciences Research Hub will be complete later in 2018. Afterwards it will become the home of the Department of Chemistry. Continue reading →

The Haringey Development Vehicle (HDV) came to light in 2015. It showed ambitious plans to regenerate the area and create 6,400 homes. It would have been the largest public-private project of its type, worth an impressive £2billion. Continue reading →

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 →

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.

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 →

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 →