West London Flat for Sale, Fernhead Road

Fernhead Road, London, W9

A two double bedroom flat, set on the first floor of this attractive character property.

The property is situated within walking distance of Queens Park Bakerloo Line Station and Salusbury Road with its great deli's. patisseries and restaurants.

The property offers a 17ft bay fronted reception room wooden flooring, modern open plan kitchen with butler sink and stainless steel oven and hob, master bedroom and second double bedroom with fitted wardrobes and a modern bathroom which comprise of a stunning double shower and white three piece suite.

Further benefits include newly varnished wooden flooring, share of the freehold and gas central heating.

Bakerloo Line Flat for Sale

Rightmove Consumer Survey Reveal Its a Buyers Market

Rightmove’s first Consumer Confidence Survey of 2012 was released today and finds that the public believes the property market balance of power currently lays firmly with buyers.

Over 60% of respondents are of the view that it is a ‘buyers’ market’ and just 13% a ‘sellers’ market’. There is also evidence of increased price confidence in the property market with the proportion of those forecasting prices to be the same or higher in 12 months’ time edging up to 66% from 62% a year ago. However, deeper analysis shows that both findings mask some significant regional and local variations which provide further evidence of an acute north-south divide and a property market pock-marked with localised micro-markets.

Shipside adds:
“On the surface it looks as though potential home movers are feeling a bit more positive about the outlook for property prices. However, hidden beneath is the real story that different market segments are performing very differently and that in all probability your price predictions will depend on your own local micro-market. While parts of the stock-starved south, and London in particular, are feeling relatively bullish about prices, the turmoil of the last few years has wreaked havoc in parts of the buyer-blocked north.”

It is worth considering the variations in national, regional and local price outlooks in the context of confidence. Rightmove’s survey asked respondents to indicate whether they believed that current market conditions favour buyers, sellers or whether the balance was about equal. 60% indicated that they felt that the ‘balance of power’ lay with buyers, and just 13% with sellers, giving a ‘market balance ratio’ of 5.4:1 – or 5.4 people who believe it is a buyers’ market for every one person who believes it is a sellers’ market.

Shipside comments:
“There is a clear north-south divide in both house price expectations and an even more acute contrast of opinion in where the balance of power lies. A shortage of stock and greater numbers of proceedable buyers lead those in the south to anticipate upwards pressure on prices and so a more tricky market for buyers to negotiate a price reduction in.”

West Hampstead Period House For Sale

Broomsleigh Street, West Hampstead, London, NW6

A superb period character house in excellent decorative order in a quiet residential turning off Mill Lane. All local amenities are available including a plethora of restaurants, bars and cafes and fantastic transport links (ThamesLink, Jubilee and London Overground stations) are all close by on West End Lane which can be reached via a useful footpath running directly from Broomsleigh Street.

The ground floor includes a bright double reception room benefitting from smoked solid oak flooring, central fireplace with a limestone mantlepiece and made to measure shutters. The fully fitted kitchen offers a tiled floor, a combination of solid beech and granite worktops and is dual aspect with windows overlooking the rear garden and a stable door giving outside access.

On the first and second floors the house offers 4 bedrooms and two bathrooms, one of which is a superb shower room with attractive tiling, a heated wall mirror and a wooden vanity unit complete with a contemporary circular wash hand basin.

Other features include made to measure shutters in the master bedroom, a large cellar, two eaves cupboards, a spacious dressing/storage area leading to bedroom 4, double glazed sash windows to the rear of the house, a feature entrance hall with original covings and period front door and a most attractive and private westerly facing rear garden.

Viewing is highly recommended on this beautiful house to avoid disappointment.

West Hampstead Property for Sale NW6

Middlesex Village Bungalow For Sale For Redevelopment or Refurbishment

Investment Property for Sale Middlesex

Ickenham
Hoylake Crescent
Ickenham
Middlesex
UB10

£ 410,000 Freehold

Located in the Middlesex Town of Ickenham Hoylake Crescent is a quiet tree lined street within close proximity to Ickenham Village and it's selection of shops, restaurants and schools.

Ickenham and West Ruislip stations are within walking distance offering easy access into Central London via the Metropolitan/Piccadilly, Chiltern and Central lines. The A40, M40 & M25 motorways offer alternative transport options.

The accommodation briefly comprises an un-modernised bungalow with entrance hall, lounge, kitchen, 3 bedrooms and a bathroom.

Further benefits include a private driveway and a rear garden backing onto playing fields.

Potential to increase its square footage by way of extension and loft conversion (STPP).

Bungalow for Redevelopment for Sale, Middlesex

London Estate Agents Fees Should Be Clear

Estate agents are often secretive about what they charge sellers, it has been alleged, whilst there is great variation in the levels of fees that they charge.

A new survey found that only one agent in London – Winkworth – disclosed its fees on its website. About 20% of London agents refused to disclose their fees over the phone or via email.

The survey, by new estate agent comparison website ipostcode, looked at 250 agents’ fees across London and found that it is not necessarily in the most expensive postcodes where agents charge the highest fees.

Some of the highest average commissions are charged in the SE1 (Bermondsey), NW11 (Golders Green) and W6 (Hammersmith) postcodes, although agents in some lower priced areas – E8 (Dalston), N8 (Crouch End) and SE28 (Thamesmead) – offer some of the lowest commission rates.

The majority of the London estate agencies surveyed quoted 1.5% commission, but 15% of agents quoted 1%. The highest commission level quoted was 2.5%.

There were several postcode areas including Islington (N1) and Clerkenwell (EC1) where commission levels spanned the range from 1%-2.5%, which means that on a property priced at the London average of £342,749 (according to latest Land Registry figures), the seller could be paying anything from £4,113 to £10,282 including VAT to sell the same home.

Estate agents’ reputation for being guarded about their fees was borne out by the survey, with one in five of agents refusing to say what their fees were, either on the phone or via email. Only one agency, Winkworth, which has 43 London offices, displayed fees online.

One in four agents said that their fees are negotiable based on either a realistic valuation of the property or depending on the price range of the property. Many agents in the survey stressed that an agency should not be chosen simply on their commission rates but on service, track record and marketing.

The survey also found that estate agent fees in London at an average of 1.7% are more or less in line with the national average of 1.8% – contrary to the perception that London estate agent fees are the highest in the country.

Estate Agent Today

Kenley Ex Nursing Home for Sale for Redevelopment

Surrey Investment Property for Sale, Kenley

Kenley
Hayes Lane
Kenley
Surrey
CR8

Gross Site Area: 31507 sq/ft*

£ 1,300,000 + VAT

Kenley is a small town nestled in the Surrey countryside which borders Coulsdon, Caterham and Whyteleafe. Kenley is approximately 13 miles south of Central London.

Located on the corner of Hayes Lane & Abbotts Lane within a quarter of a mile of Kenley Railway Station with services via Purley into Croydon, Central London, Gatwick and the South Coast. Kenley is an affluent area and offers good access to surrounding towns and the countryside.

This vacant former Nursing home is arranged over ground and first floors of brick construction under a pitched tiled roof.

With an approximate gross site area of 31,000sq.ft the property offers good alternative development potential (STPP).

Freehold Development Property for Sale, Surrey

London Property Market News; WSJ Looks At London Property in 2012

How long can London's property market defy gravity asks the online Wall Street Journal? House prices in the capital rose in December, even as prices elsewhere stayed flat or fell, says the Royal Institution of Chartered Surveyors.

Prices in prime central London are around 16% higher than their September 2007 precrisis peak. Some forecasters predict a further 25% jump by 2016, as foreign investors continue to seek havens for their cash. But downward pressures are likely to intensify this year.

Foreign buyers account for more than half of the sales of London's most desirable residences, helping shield the market from a domestic downturn. Many have large chunks of equity to invest, so are less affected by the mortgage-lending squeeze. Recent sterling weakness against many currencies—down 20% against the dollar since the start of the crisis—has added to London's allure, while ultralow interest rates have kept a lid on distressed sales.

So long as the economic uncertainty continues, the torrent of foreign cash flowing into London property—an estimated £6 billion, or roughly $9 billion, in the 18 months through mid-2011—will likely be sustained. But the top end of the market is sensitive to the global picture. If the euro crisis is resolved or the world economic outlook improves, overseas investors might turn to riskier, higher-return assets. A rise in sterling or a fall in commodity prices are other possible factors.

London property isn't cheap by any measure. Yields are low—at 3.9%, compared with 5% in the wider U.K. housing market and up to 7% for prime offices in most European capitals. Soaring prime central London rents, up 25% since mid-2009, have provided some support to valuations, but an estimated 55% of "prime" tenants work in financial services, where heavy job losses are on tap. Yields are likely to remain flat into 2016, estate agent Savills says.

Meanwhile, the average house price in London is equivalent to 7.8 times earnings for a typical first-time buyer, compared with an average of 4.8 times across the country, website Findaproperty.com estimates. Such a disparity looks unsustainable, and provides a strong incentive for capital-dwellers to relocate and investors to seek better value elsewhere.

Kilburn Park Freehold Investment Property for Sale

Freehold Investment Property for Sale London

Kilburn Park
Canterbury Road
London
Greater London
NW6

Existing: 10000 sq/ft*

£ 2,750,000
Freehold

Kilburn Park can be found to the south of Kilburn High Road close to Carlton Vale. The area has seen a recent resurgence of good local bars, coffee shops and hotel opening.

The building is situated on Canterbury Road offering easy access to Kilburn Park (Bakerloo Line) station and further transport, shopping and recreational facilities of Kilburn High Road.

The existing character building comprises of a large B1 office of some 10,000 sq.ft over ground and first floors with off-street parking for up to 25 cars.

Planning permission has granted for the change of use from offices (B1) to residential (C3) on the first floor to create 2x1 bed and 3x2 bed flats and a 3-storey side extension to provide staircase and lift, erection of additional storey to form a further 4x2 beds flats.

There is a S.106 contribution of £48,000 and car free housing.

The building also offers the potential to create serviced offices, student accommodation or a hostel.

Rates payable £28,200 p.a.

NW London Site with Planning for Sale

Commercial Real Estate Investors Head for The US in 2012

The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a survey released Sunday.

While the United States offers the most stable and secure option in commercial real estate, investors said improvement in rent and occupancy growth and the repeal of a 1980 foreign investment tax would have the strongest impact on their investment decisions, according to the 20th annual survey of Association of Foreign Investors in Real Estate (AFIRE) members.

For about the past year or so, investors in U.S. commercial real estate have focused on gateway cities such as New York, Washington, Boston, San Francisco and Los Angeles, driving prices up and yields down.

Meanwhile commercial property in Brazil, with its bubbling economy and safer investment environment, has become a hot spot for global investors. Sao Paulo, Brazil's largest city, jumped to the fourth best city for real estate investment dollars in 2012, up from 26th place last year.

The United States is still very desirable and was second behind the UK in attracting cross border investment in 2011, according to Real Capital Analytics preliminary figures.

"The negative is it doesn't promise a whole lot of capital appreciation because the prime markets are already fully priced," AFIRE Chief Executive Officer James Fetgatter said. "By no means will Brazil replace the U.S., at least not in the forseeable future. Brazil is considered now a much safer place to invest and a place where you can get capital appreciation and good yield."

AFIRE'S survey respondents hold more than $874 billion of real estate globally, including $338 billion in the United States.

Sixty 60 percent of respondents said they plan to increase their investment in U.S. real estate in 2012, down from a record 72 percent last year, according to the 20th annual survey.

Some 42.2 percent said they believed the United States in 2012 would offer the best opportunity for the price of their commercial real estate investments to increase, down from 64.7 percent last year's survey.

The United States lost ground to Brazil, with 18.6 percent saying Brazil's property market offered the best growth opportunity for their investment dollars. That's up 14.2 percentage points, moving Brazil up to second place from fourth, and pushing China down to No. 3, according to the AFIRE survey.

Seventy percent of respondents picked one of the three countries as their favorite, while the remaining 30 percent had top choices from 13 other countries on five continents.