Monthly Archives :

October 2016

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8 Buy-To-Let Locations To Consider In London Right Now

A recent survey carried out by Simply Business indicated that a majority of buy-to-let homeowners and investors prioritised rental yield over capital gains when considering their next investment. With this in mind, here are 8 London locations currently offering significant rental yields.

1. Chigwell

Following my recent articles on How the night tube will impact London property and 10 hotspots in London’s Zone 3 with cheaper house prices than Zone 2… and faster commutes, let’s start with Chigwell. Located in North East London on the edge of the Central Line in Zone 4, Chigwell now offers 24hr travel links courtesy of the Night Tube. This makes it an ideal location for young professionals who work and party in central London but seek an affordable alternative to Zones 1 & 2. Rental demand in Chigwell is likely to increase as the cost of living in the central zones continues to rise.

Areas to consider: High Road

Rental Yield: up to 5.8%*

2. Romford

Located in North East London, Romford is another area that looks to be benefitting hugely from proposed improvements to connectivity. With the announcement of Crossrail, rental values and property prices in the area experienced significant increases but remain comparatively low, appealing to tenants, potential homeowners and investors looking for good value.

Areas to consider: London Road

Rental Yield: up to 5.9%*

3. East Ham

East Ham has undergone a massive overhaul in recent times. Major regeneration, coupled with the 2012 London Olympics, have resulted in dramatic improvements to the East Village and High Street along with the introduction of the Olympic Park. This has become a popular spot for savvy first-time buyers looking to snap up an affordable introductory property investment, whilst tenant interest has also increased due to its great transport links into central London. Definitely worth consideration.

Areas to consider: London Road

Rental Yield: up to 6.1%*

4. Ilford

As with East Ham, Ilford looks set to be transformed by the introduction of Crossrail in 2018. Rental yields of up to 6.1% can already be found around the future Cross Rail station as people anticipate the introduction of rapid commutes into central London. Expect a surge of new tenants and buyers as Crossrail trains pull into Ilford Station for the first time. Cranbrook is also worth consideration following recent renovation and the arrival of several trendy shops, cafés and restaurants.

Areas to consider: Around the future Crossrail station, Cranbrook

Rental Yield: up to 6.1%*

5. Abbey Wood

Abbey Wood is another location performing well due to the impending arrival of Crossrail. Investors are already snapping up affordable accommodation in the vicinity of the soon-to-be Crossrail station. Travel time to central London will fall below 1 hour, making Abbey Wood a viable consideration for professionals seeking good value accommodation coupled with a manageable commute.

Areas to consider:        Around the future Crossrail station

Rental Yield:               up to 6.5%*

6. Creekmouth

Whilst it may not be the most glamourous part of London, there are still strong rental yields to be had. Due to its largely industrial nature, Creekmouth is one of Barking & Dagenham’s largest employment areas. Value accommodation in close proximity to its large industrial estate appeals to employees seeking a convenient and cost-effective rental solution. Although there is currently no underground station in Creekmouth, a proposed overground link at nearby Barking Riverside would certainly benefit the area.

Areas to consider: Near industrial estate

Rental Yield: up to 6.8%*

7. Chadwell Heath

Chadwell Heath is currently performing strongly both in terms of rental yield and capital gains. Once again, situated in the borough of Barking & Dagenham in East London, Chadwell Heath has benefited hugely from the announcement of Crossrail. Commutes to central London from Chadwell Heath Railway Station will be cut to below 30 minutes once the new route fully opens in 2019, with stops including Canary Wharf and Bond Street.

Areas to consider: Chadwell Heath Railway Station

Rental Yield: up to 8%*

8. Elm Park

Elm Park is a suburban district in Havering, East London, that offers residents excellent educational facilities and a range of independent retail along with a wealth of green space and parks. Situated in Zone 6, Elm Park is also linked to central London by the District Line. The area is very popular with young families and renters on a tighter budget. As the general migration from London’s inner zones continues, Elm Park is a classic example of an outer zone location benefitting.

Areas to consider: Elm Park

Rental Yield: up to 8.5%*

*Rental yields not guaranteed.

At Luxe Property Group, we work with clients with varying budgets to best advise on how to make a return on your investment. With extensive experience and an unrivalled success rate, we’re always keen to explore solutions that work best for you.

If you’re seeking advice on property development, give Luxe Property Group a call and a member of our experienced and friendly team will be happy to advise you. Reach us on info@luxepropertygroup.co or 020 7383 8042 or sign up to our newsletter via the form below.

10 Hotspots In London’s Zone 3 With Cheaper House Prices Than Zone 2… And Faster Commutes

One of the core attractions to a life in London’s central zones 1 & 2 is the convenience of quicker travel times than those living further afield. Residents pay a sizeable premium to avoid lengthy commutes to and from work, whilst being able to take full advantage of the city’s infamous nightlife, safe in the knowledge that home is never far away.

Recent research, however, indicates that there are actually many locations in Zone 3 offering faster commutes to central London locations than the Zone 2 average. Furthermore, beyond Zone 2, house prices currently drop by an average of £86,000 between each zone. Therefore, purchasing a home in Zone 3 instead of Zones 1 or 2 won’t just save you money, it could also cut your commute time.

In light of this research, here are 10 property hotspots in Zone 3 currently producing strong yields whilst offering residents rapid commutes into central London locations.

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The standout location in Zone 3 over the past 12 months has been Ladywell in South East London. Residents can reach London Bridge by train in just 12 minutes. The average property price is £362,748 whilst yields experienced over the past year reached a whopping 18.9%; a worthwhile consideration for potential investors and homeowners alike.

In addition, Tulse Hill has also performed very well. Properties have yielded around 17.2%, however, the average house price sits a little higher than Ladywell, currently at £459,169. Residents of Tulse Hill can reach Elephant and Castle and the Bakerloo and Northern underground lines in just 11 minutes via the Thameslink.

As mentioned in a previous article, whilst until now the choice has been one of either a ‘better’ location or a cheaper purchase, the latest research hints that you can indeed have your cake and eat it. As London continues to evolve, the definition of a ‘better’ location is continually redefined. With the added knowledge that some locations even offer faster commutes than the Zone 2 average, the perception of Zone 3 is rapidly changing. More and more people are looking to take advantage of the opportunities on offer, making now the ideal time to explore the investment potential of London’s ‘middle’ zone.

At Luxe Property Group, we work with clients with varying budgets to best advise on how to make a return on your investment. With extensive experience and an unrivalled success rate, we’re always keen to explore solutions that work best for you.

If you’re seeking advice on property development, give Luxe Property Group a call and a member of our experienced and friendly team will be happy to advise you. Reach us oninfo@luxepropertygroup.co or 020 7383 8042 or sign up to our newsletter via the form below.

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To Buy In London, Or Not To Buy In London?

Without a doubt, London is one of the best cities in the world to live in, but this comes at a premium, with the average property price now over £470,000 which will get you a 1-2 bedroom house if you’re lucky. This is more than double the average house price across the UK which is estimated to be about £210,000.

Following Brexit prime central London has arguably been hit the hardest as it sees new buyer enquiries and instructions falling over the last few months. Along with Brexit and the prior increase in buying and rental costs London is witnessing the most drastic wave of home buyers leaving “the smoke” to set up camp in commuter towns where one can buy more space and better value than in London. Last year alone some 68,000 residents moved away from London and there is some logic in this.

Take a look at Notting Hill’s skinniest house, which at just 7 feet across doesn’t provide a huge amount of living space as you might imagine, yet is still on the market for a whopping £1.25m. Let’s take a look at some comparables in attractive rural locations that combine good quality schools and more indoor and outdoor space with less crime and clearer air. For the same price as Notting Hill’s skinniest house you can buy this beautiful Oxfordshire home which recently sold through Savills and isn’t much more than an hour commute into London.

But what about those who are seeking a good investment opportunity and still seek the buzz of the city, the convenience of living in London, close to work, bars, restaurants and handy transport links.

Now is the time to buy in London

The property market has been quieter than usual over the summer and house prices aren’t rising and this is an opportunity worth taking advantage of if you’re looking to see a good return on investment. We recommend referring to our earlier insights which explain how to recognise a good property development and 10 clever ways to add value to your London home. If you’re clever and conduct your research, London currently provides plenty outstanding property investment opportunities.

At Luxe Property Group we work with clients from all walks of life and with varying budgets to best advise on how to make a return on your investment. With extensive experience and an unrivalled success rate we’re always keen to explore solutions which work best for you.

If ever you’re looking for advice on property development give Luxe Property Group a call and a member of our experienced and friendly team will be only too happy to offer our advice. Reach us oninfo@luxepropertygroup.co or 020 7383 8042 or sign up to our newsletter at the form below.