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.

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. 

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. 

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.