Home Track House Price News for October

Reuters is reporting that the fall in house prices in England and Wales accelerated in October as consumers become increasingly worried about the outlook for the economy and shy away from buying homes, property data firm Hometrack said.

Average prices dipped 0.2 percent on the month compared to falls of 0.1 percent in each of the five preceding months, Hometrack said. House prices were 2.8 percent below the October 2010 level.

"Growing consumer concern over the outlook for the economy is beginning to impact directly on house prices," Hometrack Director of Research Richard Donnell said in a statement.

As in previous releases, the survey showed large regional differences, although prices stalled even in London after rising for seven months in a row.

"The evidence is clear that buyers are drifting away from the market in the face of weak consumer confidence and concerns over the prospects for the economy and their household finances," Donnell said.

Hometrack said that while demand eased, supply had grown by 11 percent over the past six months. "The balance between supply and demand is clearly shifting and points to an acceleration in price falls in the coming months," Donnell said.

Bootle Property With Planning for Sale

Merseyside Investment Property For Sale

Claremont Villas
Merton Road
Bootle
Merseyside
L20

GIA: 8866 sq/ft*

£ 185,000
Freehold

The property is located on Merton Road a predominantly business district which includes a number of government departments, Sefton Council, Sefton Town Hall and Sefton Magistrates Courts. Liverpool City Centre is approximately 3 miles to the south and Bootle Oriel Road Station is also with walking distance.

The property comprises of large office accommodation (8,866sq.ft) and was originally a pair of period semi detached houses which could be reinstated (STPP)

The property benefits from disabled car park, main reception, office suites, boardroom, kitchenette, male and female WCs, access leading to basement storage.

To the first floor there are further offices with male and female WCs and to the second floor there are further offices / storage, open plan meeting rooms, kitchenette.

At the rear of the building is a large garden providing parking for approximately 40 vehicles with potential for future development.

The property is offered for sale with vacant possession.

Freehold Development Property for Sale, Bootle, Merseyside

Kent Investment Property for Sale, Birchington

Kent Property With Planning

Birchington
The Square
Birchington
Kent
CT7

Net Saleable: 4879 sq/ft*

£ 340,000 Freehold

Birchington is a quiet popular Town located on the Kent North Coast. This development opportunity is situated at the rear of 8-10 Birchington Square and is a few minutes walk to the local shops, bus routes, railway station and local amenities.

Full planning permission has been granted for the conversion of existing outbuildings into 2 residetial dwellings and the erection of 4 new build houses.

All 6 houses will benefit from 2 bedrooms and off-street parking.

Net saleable approximately 4,879sq.ft

Kent North Coast Property for Sale

London Property Investment is a Safe Bet

Property in London continues to be a safe bet for investors as overseas demand is helping to keep the market stable, it has been revealed.

Selwyn Lim, director of Mouseprice, said the ongoing robust nature of the London market can be attributed to the city's position as a globally-renowned cultural and business centre, with the capital continuing to outperform the rest of the UK in terms of its ability to recover from the financial downturn.

"London has always been a unique case in that the supply and demand of property in London is [affected] by overseas cash and lots of overseas buyers," he commented.

According to figures published by Rightmove, the gulf in north-south average asking prices is now the highest it has ever been.

The firm revealed average prices in the south of England (£336,743) are now more than double those seen in the north (£164,347).

Aylesford Property for Sale, Kent

Kent Property in Conservation Area

Aylesford
High Street
Aylesford
Kent
ME20

£ 700,000
Freehold

Business Centre for sale in the Medevial Village of Aylesford on the banks for the River Medway.

The property is situated in a Conservation Area and is situated close to numerous eateries, coffee shops, a post office and primary school. Outside the village is Aylesford Secondary School, retail park and a supermarket.

Aylesford has its own train station and has road links to both the M2 and M20 motorways with links to London.

A planning application has been made for a change of use to residential (10 'private' flats) and both conditional or unconditional offers are invited. This comprises of a conversion of the existing business centre and public house and erection of an additional floor.

Property for Sale Kent

Property Investment Rising Despite Global Economy

Propertywire reports that global investment in real estate is holding up well despite the economic growth concerns with transaction volumes up 36% in the third quarter of 2011 compared with the same period in 2010.

Volumes totalled US$99 billion according to the latest figures from Jones Lang LaSalle. In the first nine months of 2011, investment activity increased by 43% with total transaction volumes amounting to US$297 billion, compared to US$208 billion in the same period last year.

Despite heightened economic and sovereign debt concerns, European transaction volumes have held up well, with a total of $US41 billion in the third quarter, an increase of 14% on the last quarter and a 38% rise on the third quarter 2010.

The UK, the largest market in Europe, saw a marked improvement in the third quarter 2011, in part due to deal completions delayed from the second quarter. Germany, France, Scandinavia, Poland and Russia all continue to attract strong investor interest, with safe haven status and relative GDP growth considerations prevalent.

In Asia Pacific, transaction volumes amounted to $US20 billion in the third quarter. This represents an 8% rise on the previous quarter and a 3% increase on the third quarter 2010. The deal volume for China’s direct commercial property investments rose to approximately $US2.8 billion, up 13% on last year. Japan the largest Asian market, saw volumes rise to over $US4.7 billion, in line with the same quarter in 2010, as the markets recovered following the tsunami and earthquake earlier in the year.

The Americas saw a slowdown in the third quarter with volumes down 22% compared with what was a very strong second quarter. Investment reached $US38 billion, up 60% on the same period last year.

Buy to Let Investment News: Buy to let mortgage rates 'fall in last 12 months'

People who need to secure buy to let funding in order to expand their portfolio might be pleased to hear that average mortgage rates have fallen in the last 12 months.

Research from Defaqto revealed that the average two-year fixed rate for a buy to let mortgage at 75 per cent loan to value has dropped from 5.78 per cent in September 2010 to 4.86 per cent last month, while three-year product have seen average rates fall to 5.56 per cent from 6.03 per cent last year.

However, those looking to buy flats and houses for sale in Mapesbury, London, in order to rent to tenants will still find a buy to let mortgage is significantly pricier than an equivalent residential mortgage.

Defaqto insight analyst for banking David Black commented: "People should factor mortgage fees into their calculations as, like the interest rate, they tend to be much higher for buy to let mortgages than for residential mortgages, and can make a real difference to the overall cost of the mortgage."

Buy to Let Investment News

Essex Development Land For Sale, Laindon, Basildon

Basildon Freehold Development Site For Sale

Basildon
Roberts Road
Laindon, Basildon
Essex
SS15

Net Saleable: 5675 sq/ft*

£ 375,000
Freehold

The development is located in the Essex Town of Laindon near Basildon and can be found on Roberts Road.

This cleared site is situated in a residential area and offers easy access to the local shops and amenities.

Planning permission has been granted for the construction of 10 luxury apartments with associated off-street parking.

The Laindon Railway Station and A127 are within easy reach.

The site measures approximately 12,000sq.ft.

Laindon Site with Planning for Sale, Basildon

Bristol Property With Planning Permission for 9 Houses

Bristol Freehold Site With Planning For Sale

Barrowmead Drive
Bristol
Somerset
BS11

Net Saleable: 9266 sq/ft*

£ 295,000

Kings Weston is located on the outskirts of Bristol, just 6 miles North West of Bristol City Centre.

The area is convenient for easy access to the M5 motorway (Junc 18) Temple Mead Railway Station and Bristol Airport is approx 12 miles away.

Full planning consent has been granted for demolition of the existing public house and for the construction of 9 houses (8x3beds & 1x4bed) and associated parking.

The houses will comprise of 1 x 4 bed unit 106.9sqm, 5 x 3 bed units 94.8sqm and 3 x 3 bed units 93.3sqm.

Net saleable 9,226 sq.ft

Somerset Site With Planning, Kings Weston, Bristol

Wolverhampton Site With Planning For Sale, West Midlands

West Midlands Property With Planning For Sale

Hare & Hounds
Stow Heath Lane
Willenhall
West Midlands
WV1

Gross Site Area: 1.6 acres*

£ 595,000
Freehold

Wolverhampton is located in the West Midlands approximately 15 miles north west of Birmingham. Major facilities include the Mander Centre and the Wulfrun Centre.

The development is located on Stowheath Lane a predominately residential area and connects the A41 to the A454 Willenhall Road.

Sitting on 1.65 acres this former public house has the benefit of full planning permission for the construction of an 86 bedroom care home.

West Midlands Site With Planning for HMO Care Home.

Clacton-on-Sea Freehold Commercial and Residential Property for Sale

Essex Seaside Property for Sale, Clacton-on-Sea

The Eldorado
Broadway
Clacton-on-Sea, Essex
CO15

Ground floor footplate: 2830 sq/ft*

£ 395,000
Freehold

The property is located on the busy main seafront of Jaywick which boasts beautiful beaches and is positioned on the outskirts of Clacton-on-Sea.

Operating from a substantial and well presented three storey detached premises the business and private dwellings are of considerable size and quality.

On the ground floor is an amusement arcade & Social Club and the first floor comprises of a snooker club.

The top floor is a 4/5 bedroom self contained apartment which benefits from a private roof terrace. This flat is currently let at a discounted rate of £850.00 pcm.

The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.

We are advised that the Business Rates currently stand at approximately £6,290 per annum and the Council Tax is £725.

Clacton-on-Sea Investment Property for Sale

Ramsgate Property with Planning for Sale

Kent Development Property for Sale

Belmont Road
Ramsgate
Kent
CT11

Gross Site Area: 3514 sq/ft*

£ 250,000
Freehold

Ramsgate is a seaside town in the district of Thanet on the Kent East Coast.

The development is located on Belmont Road in the popular Ellington area of Ramsgate close to the Town Centre, Ellington Park and Mainline Station (British Rail)

Belmont Road is a quiet street off the High Street and is a short walk to the sea.

Planning permission has been granted for the demolition of the existing building and construction of a new block to provide 8 apartments (5x1beds & 3x2beds) and associated parking.

Approximate net saleable 3,750 sq.ft (348.4 sq.m)

Kent Property for Sale with Planning for Redevelopment