Thursday 30 October 2014

Spacious Victorian family home in need of modernisation. Arlesford Road, SW9

This five bedroom Victorian family home has just come onto the market with an asking price of £999,950. Arlesford Road is one of SW9's most desirable streets, within east walking distance to Clapham High Street as well as Clapham North (Northern Line) and Stockwell (Northern and Victoria Lines) tube stations.



Split over three floors, and offering four sizeable bedrooms and one single/small double as well as outside space, it would make a fantastic family home once modernised throughout. 

Alternatively, developers will notice its potential to be reconfigured into two properties - a 2 bedroom ground floor garden flat, and a split-level 3 bedroom flat on the upper floors. Finished to a high standard they could be expected to fetch £700,000 and £650,000 respectively in the current sales market. You may need to offer a fair way below the asking price to create a good profit margin, but for a cash offer that might be acceptable.

If you have your eye on a development or buy-to-let opportunity in SW London, feel free to send the Rightmove/Zoopla link to kevin@xandermatthew.com and I'll happily give you my honest opinion. 

Tuesday 28 October 2014

Development opportunity, North Side Wandsworth Common, SW18

This Victorian ground floor flat in one of Wandsworth's premier areas, and just a stone's throw from celebrity chef Gordon Ramsay's home, is available via auction this Thursday 30th October, with a guide price of £440,000.




Currently arranged as a one bedroom flat, with a generous 756 sq. ft. it has the potential to be reconfigured as a two double bedroom property. The opportunity to do just that and turn a quick profit is obvious, with a comparable two bed flat currently on the market with an asking price of £700,000 (http://ow.ly/Ds9ks).

Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.


Friday 24 October 2014

Low rise Brixton flat offering high rental yield

This split-level four bedroom flat in Brixton Hill is available for offers in excess of £350,000. In a similar location to Wednesday's blog entry (http://ow.ly/Dhwmk) it offers four good size bedrooms, a reception room and a well designed kitchen and bathroom.



Whilst it is around 200 sq. ft. smaller than the New Park Court property, it comes with a much lower asking price and judging by the photographs, appears to be immaculate inside. The property would achieve a minimum of £500 per week in the current rental market offering a whopping 7.4% rental yield if purchased for £350,000. 

Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.

Thursday 23 October 2014

Development opportunity on Hazelbourne Road SW12

One for the developers today. You'll have to act quickly, with final viewings scheduled for tomorrow (24/10) at 10.30am before it goes under the hammer with Savills Auction House on Tuesday 28th October.


Lot 49

With "four rooms", a kitchen, separate WC, and the potential for a loft conversion to create a split level flat with roof terrace, the guide price of £480,000 represents an enticing opportunity for a savvy developer. I can't comment as extensively as I would like having not inspected it, but knowledge of the area dictates a two bedroom flat would comfortably change hands for £700,000 plus. If the potential exists to get three bedrooms, a roof terrace, and to make the property split-level by converting the loft then there is huge margin to be made.

Hazelbourne Road is an excellent location moments from Clapham South tube (Northern Line) and the A205 South Circular. Clapham Common, Clapham High Street and Balham High Road are all within walking distance.

If you're thinking of buying, selling, or letting a property then why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.

Wednesday 22 October 2014

More than meets the eye. Four bedroom Brixton buy-to-let opportunity

This four bedroom flat in Brixton has just come onto the market at £450,000. Whilst not the most attractive property from the outside, internally it offers four decent size bedrooms, a galley kitchen and a large reception room making it ideal for letting sharers, and therefore all you buy-to-let landlords!



At the top end of Brixton Hill, the walk to the station is a little more than most would like, but with at least 8 different bus routes running down the hill to Brixton and central London the transport links are significantly better than you may expect. It's rare to come across a four bedroom unit where at least one bedroom isn't compromised and/or a lounge is sacrificed. To get four double bedrooms and a lounge should appeal to tenants and ensure their stay is a happy one. It would comfortably achieve at least £500 per week in the current rental market, offering a yield of 5.8% at asking price.

Got your eye on a buy-to-let property? Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.


Monday 20 October 2014

Period flat with excellent capital growth prospects, Queenstown Road SW8

This three bedroom period flat is just a two minute walk from Queenstown Road (Battersea) station and has recently come onto the market for £565,000. 

Period properties generally offer fantastic potential for capital growth, but the investment appeal of this location is increased further by the ongoing regeneration of Nine Elms as well as the Northern line extension to Battersea, which is marked for completion by 2020. 



In the short term, with two good size double bedrooms and one small double/good single, this property could be expected to fetch £450 per week in the current rental market, offering a decent yield of 4.1% at asking price. Hold onto it for a decade and the capital growth is where you’ll see a huge return.

It makes you wonder why the current owner, having appeared to renovate it, is selling it. Take advantage and grab it from them!

Got your eye on a buy-to-let property? Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.

Friday 17 October 2014

Two bedroom flat in Clapham SW4, short lease, priced accordingly

Although this flat having a 43 year lease could be perceived as problematic, I’m a positive person and prefer to look at it as a great opportunity for an investor. “Normal” buyers will either be put off or unable to raise finance, so if you are a cash buyer or have a deposit in excess of 50%, you’ll find there is less competition to fight off for this one. My advice would be to take advantage!


http://www.rightmove.co.uk/property-for-sale/property-47984792.html

Once you have ownership, get that lease extended as soon as possible, or run it in conjunction with your conveyancing when purchasing, and you’ll have an asset worth a long way north of what you paid for it before you have even considered adding value with some simple, quick repairs and renovation.

In the short term, with two reasonably sized double bedrooms and nearby transport links at Clapham High Street (London Overground) and Clapham North (Northern Line) the property would achieve £350 per week in the current rental market, offering an attractive yield of around 6%. 

It's worth noting that this property is also available via auction, set to take place on 3rd November 2014, with a guide price of £285,000. http://www.rightmove.co.uk/property-for-sale/property-32651850.html

Got your eye on a buy-to-let property? Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.


Thursday 16 October 2014

High yield buy-to-let flat, SW9

I've just come across this chain free 3 bedroom split-level flat in SW9. A recent price reduction from £314,950 to £299,950 makes it an even better buy-to-let prospect.



Within easy walking distance of Brixton (Victoria Line) and Stockwell (Victoria and Northern Lines) and in a well maintained ex-local authority block, it would comfortably rent for £425 per week after a quick clean and a lick of paint. This offers an excellent rental yield of 7.4% - even better if you can negotiate to below asking price of course! Capital growth won't be as high as other property types, but where else can you get a 7.4% yield for under £300k? The option to then re-mortgage in the near future and draw finance to purchase another could see you operating a small portfolio in no time.

Got your eye on a buy-to-let property? Thinking of buying, selling or letting? Why not ask my opinion with no obligation? Feel free to email me in confidence at kevin@xandermatthew.com or call me on 020 3397 2099.


Gazundering on the Rise: What South London Sellers Need to Know!

  Introduction Hey there, South Londoners! Are you familiar with the term 'gazundering'? If you're planning to sell your propert...

Popular Post!