Buy-To-Let bargain

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Just a quick one from me today - blog followers will remember this three bedroom flat in Camberwell from a couple of weeks ago. 

http://www.rightmove.co.uk/property-for-sale/property-49183244.html

The asking price has now been reduced from £335,000 to O.I.E.O £300,000. This represents a potential rental yield of up to 6.7%, a great opportunity for any buy-to-let investor. 

If you're a landlord or developer who's spotted a property with investment potential, email the web link to jeroen@xandermatthew.com and I'll be happy to give you my opinion. 
Location: Camberwell, London, UK

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Clapham Property Market – Which Houses are Actually Selling?

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Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down ... the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.

… And that made me think … is there just one Clapham Property Market or many?

I like to keep an eye on the property market in Clapham on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Clapham, be that a buy-to-let property for a Clapham landlord or an owner occupier house for a home owner. So, I thought, how could I scientifically…
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The end of one deal means the start of many Joint Ventures in Clapham! Or Deptford....

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Well it's done! This was probably the easiest deal I have ever done. You will remember reading about this one for sure, but now that it's all completed, done and dusted I'd like to give you a bit of a summary.

A client came to me asking for my expertise. He wanted to acquire a property and use it as a vehicle for wealth. He wasn't ready to become a landlord yet, he wanted to "grow his cash pot" - his words. Amazing coincidence was that a day before I had let a deal go because it did not fit my criteria - everyone knows I love a good rental property!

This particular property needed to get sold ASAP and presented a prime opportunity for a quick refurb and resell, a Buy-to-Sell (BTS).

Terms were agreed between the investor and I and I would charge a fee for the project management and the sourcing of the investment, it came through my network of contacts of course!

I priced up the deal and the property was purchased. Alas we did encounter some problems during the…
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210 First Timer Buyers in Clapham Bought Their First Home in 2017

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A little bit of good news this week on the Clapham Property Market as recently released data shows that the number of first time buyers taking out their first mortgage in 2017 increased more than in any other year since the global financial crisis in 2009. The data shows there were 210 first time buyers in Clapham, the largest number since 2006.

I expect in 2018 that this increase of first time buyers will level out and maybe dip slightly as, nationally, figures demonstrate that first time buyer’s average household income was £40,691 and this represented 17.3% of their take home pay. Although, it might surprise readers that it is actually cheaper to buy than it is to rent at the ‘starter home’ end of the housing market. Many of you can remember mortgage rates at 12% ... even 15%. Today, at the time of writing this article, I found on the open market, 189 first time buyer mortgages at 95% (meaning only a 5% deposit was required) with 3 year fixed rates from a reputable High Street ba…
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