Showing posts from December, 2017

December update Latona Road SE15 - 1 month in!

Well here we are, I'm a month into this lovely rental property. Acquired at a bargain price of course, this will be the pinnacle of my rental portfolio. I'm really looking forward to this one of course, it will be finished to an even higher specification than my previous rental properties, so stand by to be impressed!
This is a 5 bedroom, 1000sqft property that we're adding a shower room to as well as the usual back to brick refurbishment. Watch the video for more!

If you are looking to either invest in one of my projects or perhaps have me source a property for you then do get in touch. if you would like me to email you opportunities DIRECT to your inbox as and when they arise then register here. Now remember I offer a FULL service so from acquisition to refurbishment to dressing, letting and managing. It doesn't get more hands-off than that!

12.54% of Clapham and Lambeth is Concreted over ... Building Plot Dilemma or Not?

Well the fallout from the recent Budget is still continuing. I was chatting to a couple of movers and shakers from the Clapham area the other day, when one said, “There isn’t enough land to build all these 300,000 houses Philip Hammond wants to build each year”.

...and if you read the Daily Mail, you would be forgiven for thinking the Country was at bursting point ... or is it?

It was 60 years ago the first satellite was launched (Sputnik). All the Superpowers have used them to take high definition pictures of each other for decades, but now satellites and their high-powered cameras are being used for more peaceful purposes. The European Environment Agency (EEA) have been taking high definition pictures of the UK from outer-space to give us a focused picture of what every corner of the Country really looks like … and the findings will come as a surprise.

As my blog readers know, I always like to ask the important questions relating to the Clapham property market. If you are a Cla…

Clapham Property Market and Hammond’s Budget Promise to Build 300,000 more homes

I miss the good old days of George Osborne as Chancellor, with his hardhat and hi-vis jacket. He must have visited every new home building site in the UK with his trademark attire! For the last few years, the nearest Philip Hammond got to donning a ‘Bob the Builder’ outfit was at his grandchild’s birthday party. However, with what appears to be a change in focus by the Tories to ensure they get back in power in 2022, they appear to have fallen in love with house building again with the Chancellor’s promise to create 300,000 new households in a year.

Nationally, the number of new homes created has topped 217,344 in the last year, the highest since the financial crash of 2007/8. Looking closer to home: in total there were 1,135 ‘net additional dwellings’ in the last 12 months in the London Borough of Lambeth Council area, a decrease of 17% on the 2010 figure.

The figures show that 96% of this additional housing was down to new build properties. In total, there were 1,088 new dwellin…

Clapham Rents Set to Rise to £2,208 pm in Next 5 Years

It’s now been a good 18/24 months since annual rental price inflation in Clapham peaked at 4.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Clapham rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?

Well, possibly in the short term, but in the coming few years, it is my opinion Clapham rents will regain their upward trend and continue to increase as demand for Clapham rental property will outstrip supply, and this is why.

The only counterbalance to that improved rental growth would be to meaningfully increase rental stock (i.e. the number of rental properties in Clapham). However, because of the Government’s new taxes on landlords being introduced between 2017 and 2021, that means buy-to-let has (and will) be less attractive in the short term for cert…