Spotted: 5.8% yield in Battersea SW11 - bordering on Nine Elms regeneration area so good long-termer!

Not often does a day go by that my eagle eye doesn't spot another hot investment.

I'll kick off this week with this one:

http://www.rightmove.co.uk/property-for-sale/property-52045577.html

Rollo Court, Strasburg Road, SW11 OIEO £405,000

A lovely flat in Battersea Park/Queenstown Road (who knows where the boundaries really lie in London?). Anyway it looks good, needs no work really and it will rent in the region of £450pw, thus producing a gross yield of 5.8%. Nice! If you look down the road (Battersea Park Road that is) you'll find a few building sites and the like, or to the well-informed the new quarters of the American, Dutch and many more embassies. All these new builds will most likely be bought by those looking for ultimate convenience and luxury - 1 bedroom flats are selling for over 700k! Tenants will still need somewhere to live for sure. Always. The area promises even better tenant demand in the next few years as these new builds complete - the secretarial staff, chauffeurs, cooks and cleaners and all the other people waiting on these high-flying diplomats will add to that demand.

So, if you're in the market for a good buy then have a look at this one.

Call me or drop me a line if you'd like to talk property. 020 3397 2099 or email jeroen@xandermatthew.com.

Happy investing folks.

Want to buy a piece of the regeneration in Battersea SW11? Look no further!

This superb ideal investment property should fetch between £400-£420 per week producing a mouth-watering yield of 8% if purchased for the asking price of £267,500!

This flat is perfect placed for those professionals that would like to be close to a train station with Queenstown Road and Battersea Park Stations both within 0.3 miles away. The split level apartment offers 3 double bedrooms which is almost a pre-requisite for sharers so that’s another major box ticked. It can only be purchased by a cash buyer so is ideal for an investor with liquid asset available and looking for a good long term return. Of course there is the multibillion pound investment programme of nearby Nine Elms into homes as well as the £1 billion connecting Underground line which will naturally increase the value of properties in the area.

As always if you want to talk property call the office on 020 3397 2099 or pop in and see us on Clapham Park Road.

http://www.rightmove.co.uk/property-for-sale/property-49150753.html?utm_content=v2-ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdatesinstant&utm_term=buying&sc_id=15889878&onetime_FromEmail=true

Another great investment property!

Well, Christmas out of the way and it’s back on the investment bandwagon! I hope everyone had a welcome break. It certainly looks like the December blues are gone in the London property market and there are some lovely properties to be had.

I came across this particular one with Andrews the other day and I must say it is a charming flat. We have let before in Chalmer’s House and can assure despite it’s rather typical 1930s Art-Deco looks it boasts a host of other things. Rooms are spacious and there is a gym and a roof terrace for residents to enjoy. A lovely property to live in and hence popular with tenants, despite being a little further from Clapham Junction than one would like. Appealing to a slightly more mature tenant who can appreciate better value slightly further from the station this one is sound to attract a good quality tenant. Estimated rental income £350-£375pw, making this one yield 4.9%-5.2% gross at asking price. Not the highest yield in the world, granted, but looking at the photos there is not much more to do than furnish it with some good quality furniture. Bathroom, kitchen and general décor is A*. Happy bidding fellow investors! http://www.rightmove.co.uk/property-for-sale/property-32411193.html

If you've spotted a buy-to-let opportunity or need impartial advice regarding your current property portfolio, feel free to give me a call on 020 3397 2099 or email me at jeroen@xandermatthew.com.

Auction: 5 bed between Clapham and Wandsworth Commons

This five bedroom terraced house in Mayford Road SW12 is available via Barnard Marcus Auctions and goes under the hammer on 16th December.

http://www.rightmove.co.uk/property-for-sale/property-49351424.html

The property appears to be in reasonable condition - an empty shell ready to be turned into the superb family home that the location warrants. Mayford Road is very highly regarded and is just a stone's throw from Wandsworth Common Station (for London Victoria) and easy walking distance from Balham Station for the Northern Line. 

With a guide price of £900,000, it's a potentially lucrative investment opportunity. In February 2014, a five bedroom terraced house in Mayford Road, finished to an extremely high standard throughout, sold for £1,795,000, while another comparable four bedroom property is currently on the market with an asking price of £1,650,000.

Viewings with Barnard Marcus Auctions are scheduled for 1.30pm on the following dates:

Friday 5th December

Tuesday 9th December

Thursday 11th December

Monday 15th December

If you're a developer or buy-to-let landlord who's spotted a potential investment opportunity, why not ask my opinion with no obligation? Give me a call on 020 3397 2099 or email me at jeroen@xandermatthew.com.

Buy-To-Let in Streatham Hill

This two bedroom flat in Streatham Hill has been on the market with Haart for just over a month, and was reduced today from £295,000 to £288,000.

http://www.rightmove.co.uk/property-for-sale/property-46638283.html

The ground floor flat in Balcombe House, SW2 is within walking distance of Streatham Hill station (for London Victoria) and offers two good size double bedrooms as well as a large reception room. In the current rental market it could be expected to achieve £1,400pcm, offering a 5.8% yield at asking price. 

It's not uncommon for properties in the £250,000 - £300,000 range to have difficulty attracting buyers because of the stamp duty threshold. It's likely that the vendor would entertain offers lower than the asking price, enabling a buy-to-let investor to maximise their yield.

Thinking of buying, selling or letting? Ask my opinion with no obligation by giving me a call on 020 3397 2099, or email me at jeroen@xandermatthew.com.

Development opportunity on Cavendish Road

The lots for December's auctions have been released, and this four bedroom property in Balham SW12 looks to be one of the best opportunities available for developers and investors.

http://www.rightmove.co.uk/property-for-sale/property-32958450.html

The property on Cavendish Road goes under the hammer on Wednesday 10th December with Auction House London, with a guide price of £675,000. It's available with 124 years remaining on the lease, and planning permission has already been granted to create a separate lower ground floor two bedroom flat in addition to extending the existing two bedroom garden flat. 

With its enviable location close to Clapham South Tube (Northern Line) and The Common itself, two bedroom period flats on Cavendish Road can fetch anywhere from £500,000 to £700,000, depending on condition and outside space. 

Viewings can be booked with Auction House London (020 8012 3603) and are scheduled for the following times:

Thursday 27th November 14:30

Monday 1st December 13:30

Thursday 4th December 14:30

Monday 8th December 13:30

If you have your eye on a development or buy-to-let opportunity, why not get a second opinion? Email the Rightmove or Zoopla link to jeroen@xandermatthew.com and I'll be happy to give you my thoughts.

Update on Queenstown Road period flat

Eagle-eyed blog followers will remember me telling you about this 3 bedroom period flat a few weeks ago http://claphamproperty.blogspot.co.uk/2014/10/period-flat-with-excellent-capital.html

http://www.rightmove.co.uk/property-for-sale/property-48777956.html

In the last 24 hours the asking price has been reduced from £565,000 to £535,000, offering a rental yield of 4.4%. The demand for period properties, ongoing regeneration of Nine Elms, and the Northern Line extension to Battersea all bode well for future capital growth prospects, and this is where you'll really see a return on your investment. 

To maximise your future profit I'd suggest testing the water with an offer below the £500,000 stamp duty threshold.

If you're thinking of buying, selling or letting and want a second opinion with no obligation, give me a call on 020 3397 2099 or email kevin@xandermatthew.com.

How much? £144,000 annual salary needed to buy in Wandsworth.

I came across this article in The Wandsworth Guardian this morning and thought it was worth sharing. In order to buy an average Wandsworth property, an individual or family has to earn an annual household income of £143,534. 

Northcote Road in Battersea

The stats are perhaps slightly exaggerated. In the current sales market the average buyer usually has a deposit considerably higher than the 5% quoted, often supported by The Bank of Mum and Dad who worry that it's a case of "now or never" for their child to get on the property ladder. Regardless, the figures are still staggering.

The good news for buy-to-let landlords is that with more and more young professionals and families resigning themselves to renting for the foreseeable future, there are excellent opportunities for both high rental yield and capital growth. If you come across a property that interests you on Rightmove or Zoopla, send the link to me at kevin@xandermatthew.com and I'll be happy to give you my honest opinion. 

Location, Location, Location

Moments from Stockwell tube (Northern and Victoria lines), this 2 double bedroom apartment would be ideal for a first time buyer or buy-to-let investor.

http://www.rightmove.co.uk/property-for-sale/property-46850578.html

The property is listed with LudlowThompson for £350,000. Having recently been refurbished, and available chain free, a quick sale seems likely. Two double bedrooms so close to the tube will catch the eye of good quality professional tenants who would expect to pay up to £1,600pcm in the current rental market, offering a 5.5% yield at asking price. 

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.

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.

http://www.rightmove.co.uk/property-for-sale/property-46602880.html?utm_content=v2-ealertspropertyimage

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.

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.

http://www.rightmove.co.uk/property-for-sale/property-48774170.html

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.

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

http://catalogue.auctions.savills.co.uk/London-National/Online-Catalogue/Default.aspx?st=2#&&s=2

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.

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!

http://www.rightmove.co.uk/property-for-sale/property-48325697.html

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.

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. 

http://www.rightmove.co.uk/property-for-sale/property-48777956.html

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.