Close to Clapham South - another high yielding investment opportunity - Clapham SW4

Love them or hate them, from an investment point of view they are proving very popular with our clients.

More and more renters are priced out of period conversions and with the growing trend of flat-sharing longer and longer (it is taking longer of course for people to settle down with Mr/Mrs right in their own place) the demand for bigger units is only going to rise.

We estimate a rental return of £450pw in average condition, but with no internal photos on show this one may need some TLC. Nonetheless nearly 6.2% @ asking price, so I trust this flat will be popular.

Check out the full details here

This estate is close to Clapham South tube so offers excellent links to the underground (zone 2/3 border), Balham High Road and Clapham High Street for local bars and restaurants as well as Clapham Common itself for recreational use. Ideal for renters in their 20s.

Drop me a line if you are looking at an investment and you need another pair of eyes or by all means call the office on 020 3397 2099.

Jeroen Hoppe
Director
XanderMatthew

6.8% rental yield in Clapham South

This four bedroom flat in Poynders Garden SW4 has just come onto the market with Foxtons, at an asking price of £399,950.

http://www.rightmove.co.uk/property-for-sale/property-49501853.html

Finished to a reasonable standard, with four good size double bedrooms, a large reception room, and within easy walking distance of Clapham South (Northern Line) and Balham (London Victoria), the property would make an ideal home for professional sharers. 

After studying the floorplan and noting the lack of a bathroom photograph, it seems unlikely that it includes a shower - something most sharers would consider essential. A bathroom refit should be considered if you want to make the property as attractive as possible to prospective tenants. After making minor changes a weekly rent of £525 would be achievable, offering a 6.8% yield at asking price. The recent stamp duty reform also represents a saving of £2,000 when compared to the old 'slab' system.

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.

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.

7% yield in Brixton

This four bedroom flat in SW2 is available through Beresford Residential with an asking price of £375,000. 

http://www.rightmove.co.uk/property-for-sale/property-49181534.html

At over 1,000 sq. ft. and offering four good size double bedrooms plus a reception room, it would make an ideal buy-to-let property. If there's one downside it's the lack of public transport links in the immediate area. Potential tenants would have a 15 minute walk to the nearest train station, but given the demand for four bedroom properties this shouldn't be problematic.

At this time of year it could be expected to achieve in the region of £480 per week, but in the peak summer rental market where sharers are willing to pay a premium for three and four bedroom properties, £525 per week wouldn't be unrealistic. This represents a fantastic 7.3% yield at asking price. 

If you've spotted a buy-to-let or development opportunity in SW London, give us a call on 020 3397 2099 for free advice with no obligation. 

Auction Lot: Victorian terraced house in Balham SW12

This four bedroom Victorian terraced house on Calbourne Road is available via Barnard Marcus Auctions and goes under the hammer next Monday 17th November, with a guide price of £775,000. 

http://www.rightmove.co.uk/property-for-sale/property-48977084.html

Calbourne Road is very highly regarded. Located within a few hundred yards of Wandsworth Common and Balham stations it offers an easy commute to London Victoria and London Bridge via the Northern Line. The property is comprised of four bedrooms, two reception rooms, cellar, kitchen, bathroom and rear garden. Requiring complete refurbishment, a developer could turn it into a superb family home and see a sizeable return on their investment. 

Given that an immaculate four bedroom property on the same road recently sold for £1,365,000, my advice would be to go and take a look. Barnard Marcus are conducting viewings at 10.30am on Wednesday 12th and Friday 14th November.

SOLD: August 2014

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=39327772&sale=52152977&country=england

If you're a developer or landlord who's spotted an investment opportunity, email me the web link to 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.

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.

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.

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.

http://www.rightmove.co.uk/property-for-sale/property-46412839.html

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.