For those with some expertise in creating something out of
nothing this could be a great project. A bit unclear whether it still needs
excavating, but one thing is certain; the end product is to be a desirable
studio flat in “Emerging Outer Prime” Streatham Hill.
Studio flats on these roads should fetch in the region of £215,000
to £230,000. So with a potential resale of £215,000 plus a guide of £30,000
plus some legals and building work makes for a handy profit of £150,000plus.
Unless of course the bidding goes crazy….
But, will planning permission be granted? There have been
objections in the past on the road by the looks of things, so perhaps the
vendor was wiser to await the decision before throwing this one under the
Interesting for the right buyer with the right experience to
see it through.
So, if you're in the market for a good opportunity to develop
something from nothing then have a look at this one.
So, you're letting your property? Now is the time. Take advantage of that summer market whilst you still can. What's that you say? Property available in November? Well get marketing. Now. Because whilst there are stragglers around from the busy summer period you will do very well, despite your property being available in what is usually a slow time of the year.
How does that work? Simples...
August is the busiest month in lettings. This has always been the case. After that there are some stragglers left over in September, snapping up anything that is left. Even properties with move dates far in advance are taken, simply because they can't rely on anything else coming on to the market. You know the student saying "if you leave it to late EVERYTHING will be gone." Not true of course, there will be plenty of greedy landlords with sky high prices, but nobody rents those. Well-priced, well-presented properties let. Beds in sheds do not. Regardless of imminent homele…
Not a day goes by without people saying that they would love to invest in property. Of course, I hear this all the time because property is what I eat, sleep and breathe regularly! Little do people know that being a full-time investors does come with its perils. I'm quite hands-on and I self-manage - admittedly because I've been doing this for over a decade it doesn't require a lot of time from my part, but sometimes I do have to jump in the car and see things with my own eyes.
This was no exception. I've put together a little video for your viewing pleasure to depict "A day in the life of..." A little bit light-hearted and gives some insight into the reflection I have to do with the information I receive from various sources... and yes, a lot of traffic!
Another day, another law passed. I'm referring to the Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020’ Basically just like a gas safety certificate it's the requirement of a certificate, this time to ascertain the electrics are safe.
Now I don't know about you, but I get the heebiejeebies when a new law like this has been passed. I mean, when was the last time you got electrocuted in your own place? Right, never I'd imagine. I'd wager that most, responsible, landlords like yourselves and me would never dream of letting a place with extension cords dangling over a fish tank. You know, the kind you see on Rogue Landlords on TV and the like... The government however thinks that this happens all the time. Well, it does happen enough to warrant a TV Series, but still, more red tape me thinks. Electrics are perfectly safe aren't they?? If sparks aren't flying then it's all good, right? The Flip side Maybe not... think about th…