Hampstead House owners desert the housing market with an 8 year low

Even though the housing market is in an upbeat state in many parts of the UK, getting on the property ladder is still challenging for many and regarded as unattainable by some.  However, that goal has become even worse recently in Hampstead as the number of houses available to buy is at an 8 year all time low.

Back in Summer 2008, there were over 1,600 properties for sale in Hampstead and since then this has steadily declined year on year, so now there are only 744 for sale in the suburb. This continuing diminishing supply of housing has been happening over those years for a while and there simply aren’t enough properties in Hampstead to match demand.

According to a recent report by the National Association of Estate Agents, that said, “There are now 11 house hunters fighting after every available house which isn’t sustainable.” What that means is Hampstead youngsters, who are looking to buy their first home, are finding themselves being squeezed out by the competition. However, in the meantime, nobody wants to live with parents until they are in their 30’s, so that in turn creates demand for more rental properties, which means landlords have a greater demand for more rental properties so are buying more, resulting in even less smaller properties for the youngsters to buy, it’s a vicious circle.  

Talking to fellow agents, mortgage arrangers, surveyors and solicitors in the suburb, all of whom have extensive dealings in the Hampstead property market like myself, most of us agree the movement in the Hampstead market is taking place in the middle to upper end. One has to go higher up the ladder to see its second and third steppers pushing through the properties that are being bought and sold.

That has meant as people tend to move less in the middle to upper market, the number of the properties actually selling has drastically reduced over the last couple of years.

When we look at the individual areas of the suburb, it paints an interesting picture.NW3  – Hampstead, Belsize Park, Frognal, Childs Hill (east/south/west), South Hampstead (south), Swiss Cottage (south), Primrose Hill (south), Chalk Farm (south) and Gospel Oak (east)  56 properties sold in May 2015 (with a average value of £ 1,328,098), whilst over the Summer months of 2014, the number of properties selling in this postcode reached into the mid 80’s.

So what does this all mean for homeowners and landlords alike in Hampstead?  Demand for Hampstead property is good, especially at the lower end of the market. However, with fewer properties coming up for sale, it means property prices are proving reasonably stable too.

You see I believe a more stable, consistent Hampstead property market, with less people seeing property as an easy way to make a quick buck (as many did in the early 2000’s when prices were rising at nearly 20% a year so people were buying and selling every other minute). Instead a property market that has a steady growth of property values in Hampstead, year on year, without the massive peaks and troughs we saw in the late 1980’s and mid/late 2000’s might just be the thing that the Hampstead property market needs in the long term.

For more insights, comments and facts on the Hampstead Property market please visit the Hampstead Property Blog www.NW3propertyblog.com  where you will find many similar articles to this.

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

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Hampstead Investment Property Specialist Ashmore Residential Website

 

NW3 Eye Candy - Telegraph Hill- Platts Lane NW3

Now that the clocks have gone back and the days are gradually getting shorter, we slowly but surely get into hibernation mode over the coming months. This stunning 5  bedroom detached house just a short walk from The Heath has pretty much all the creature comforts on offer. The house is ideal for the growing family offering lots of living and entertaining space with an integral garage and parking for a further 2 cars. 

This house has real presence with a striking walnut veneer semi-circular staircase and very generous living and entertaining space on the ground floor accommodating for the large parties of the forthcoming season. The kitchen is superb with quartz worktops complemented by well planned lighting. On the upper level , there are 6 bathrooms and an impressive cinema room offering sumptuous seating. The main bedroom offers a dressing area, en-suite bathroom and access to its own terrace overlooking the garden. 

Technology is at the heart of this contemporary style home with Lutron home works lighting system, Multi room audio system, underfloor heating, CCTV and a sound insulated private screening room- very swish. 

Its all yours for a cool £7,950,000 and offered for sale by Aston Chase, click on the link below for a feat of your senses! 

http://www.zoopla.co.uk/for-sale/details/38349017

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

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Hampstead Investment Property Specialist Ashmore Residential Website

3/4 bedroom flat - Buy to let Investment Finchley Road NW3

We mainly talk about the smaller flats, ranging from studio to 2 bedrooms for buy to let investment, though as long as they are bought at the right level, the larger 3/4 bedroom properties can also make good returns. 

Refurbished studio flat - Buy to let Investment - Belsize Grove NW3

This is a smart self contained studio flat that has just been refurbished and ready to go. Located on Belsize Grove just a short stroll from the Tube and local shops on Haverstcok Hill making this a cracking buy to let investment flat that is in very high demand.

1 bedroom buy to let investment - Redington Road NW3

Thought this one bedroom flat on Redington Road would be worthwhile looking at. This is a really decent address in Hampstead and by dint of its location will generally attract a good quality tenant. Located  on the first floor and is of pretty generous proportions with some 520 sq ft of space on offer and in very good all round condition too.

Could your Hampstead property save you from Pension oblivion?

If you were born in the early 1970’s or late 1960’s, if you haven’t started to think about it yet, retirement is closer than you think. In fact the number of years you have left to work is less than the number of years you have worked. The basic state pension is worth £115.95 a week for a single person in 2015/16 (or £6,029 a year) and £231.90 a week for a couple (£12,118 a year) as long as your partner has paid their stamp (although there are certain get out of jail cards if they haven’t). 

As a household, could you live on just over £12k a year?

However, could the property you are living in save you from poverty when you reach retirement? You see, a regular income is vital in retirement, and the bricks and mortar you own in Hampstead could provide a way for you to finance life when you retire.

If you are in your 30’s, instead of saddling yourself with bigger and bigger mortgages, going from your first time buyer flat, to a terraced, to the semi and then the large detached house, you could instead keep your terraced or small semi, turning it into buy a buy to let property, let the rent pay the mortgage and then rely on capital growth to provide you with a lump sum when you sell the property and retire. One of the biggest plus points of buy to let is what is known as leverage. Let me explain ... say you have a deposit of 25% and the value of the property rises by 3% a year, your gains in fact multiply to 12%.  However, if property prices drop, 'leverage' can be catastrophic, as losses will also be multiplied. Property values have dropped a number of times in the last 50 years, but they always seem to bounce back ... property must be seen as a long term investment.

Let me explain how leverage could work for you. If you had bought a Hampstead house in the Spring of 1983 for £100,000, using a 75% mortgage and 25% deposit, (meaning your deposit would be £25,000). Today, that Hampstead property would have risen in value to £993,145, a rise of 893.1%. However, when you look at the growth on just your deposit, the rise is even better ... instead of 893.1%, we see a rise of 3873% (remembering that the mortgage would have been paid off).

However, buy to let is not all about capital growth and in retirement, income is more important than capital growth, as rent is the key to a steady income.

So surely the best strategy is to buy those Hampstead properties with the high rents (when compared to the value of the property). These are called high yield properties in the buy to let world because the monthly return is so much greater. So, surely they are the best in Hampstead? Possibly, but the properties that offer these higher yields (in the order of 4% to 6% per year) tend to be in such areas as Finchley Road in Hampstead. Historically they haven’t offered such good capital growth when compared to the suburb average, have a higher tendency for void periods and such properties tend to attract tenants that have a greater propensity to be high maintenance.

Therefore, if a high maintenance rental portfolio wasn’t for you, another strategy could be buy a property with relatively smaller rental returns of 2% to 3% per year (i.e. lower yields), but in a more up market area such as Primrose Hill. Properties such as these tend to suffer from less void periods (i.e. when there is no tenant in the property paying you rent) and they historically have had better long term capital growth when compared to the suburb average.

Every landlord is different and every property is different. All I suggest to you is do your homework.

As regular readers will know, I am happy to share my knowledge and experience of the Hampstead property market; high yields, high capital growth, what to buy, what not to buy and where to buy can always be found on the Hampstead Property Blog www.NW3propertyblog.com

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

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Hampstead Investment Property Specialist Ashmore Residential Website

NW3 Eye Candy - Property of the week- South Hill Park NW3

It's back to the South Hill Park conservation area this week and my pick is this superb 3 bedroom ground floor flat with garden. This pocket of Hampstead has some of the most impressive conversions in the area and its location offers a great mix of tranquility (with no through traffic), easy access to The Heath and all the local shops and transport on South End Road. For this reason, prices in this part of Hampstead have been rising rapidly over the past 5-7 years and are fast catching up with those west of The Heath.

On to the flat, well its been renovated to a high standard throughout and many of the period features have been restored retaining much of the charm and character of the original house. All the usual benefits of light and space with the generously proportioned rooms and the layout of the accommodation works a treat with access to the garden afforded from both the kitchen/dining room as well as the main bedroom. The owners have been very thoughtful in combining the period features with the contemporary design cues making one appreciate what this place once was and what it is today. 

In the market for a 3 bedroom flat with a difference ?  Get your hands on this one whilst the leaves are falling as there's a race for them in spring and summer months. On the market with Amberden Estates for £1,950,000 click on the link for the full story.

http://www.zoopla.co.uk/for-sale/details/38390114

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website

1 bedroom flat for investment- College House, Finchley Road NW3

Hello to all,

Sorry I've not been around much this week as we've had a busy spell with many people moving lately, though wanted to talk about this 1 bedroom before the day is over. Located on Finchley Road and within a minutes walk to the tube, this second floor 1 bedroom flat is in a commuter heartland. I've not seen what it looks like internally, as there are no images available , only the floor plan which tells us the size.

Hampstead tenants feel the squeeze as rents continue to rise

As my regular readers know, my passion is talking about Hampstead property. As a property agent I like to comment on the Hampstead property market, which I hope will be of interest to both homeowners and buy to let landlords alike. However, this week, I want to highlight the plight of the tenants of Hampstead as more and more of their wages are being taken up by ever increasing rents.

The cost of renting a home in Hampstead has broken through the £2,000 a month barrier as the average rent for a property in the suburb, now stands at £2,150 per month, a rise of 1.4% last month, leaving rents for new lets 8.2% higher than they were 12 months ago.

House price inflation has certainly eased in Hampstead from the heady days of 2014, but still with retail price inflation (for goods and services) reducing to 0% any increase in property values, no matter how small, means in real terms property is still getting more expensive. Meanwhile, many tenants have given up saving for a mortgage deposit as rents continue to take more and more of their wage packets leaving nothing to save for a deposit. That means, more and more tenants are deciding to rent for the long term and therefore the desire for decent high quality rental properties continues to exceed the available rental stock.

I would go as far as to suggest that rents are an ideal barometer to the state of the local economy as a whole and strongly believe that the recent increase in Hampstead rents are a sign that the Hampstead economy is picking up. 

This means Hampstead landlords are continuing to capitalise on the local property market. The most recent Land Registry data suggests the annual property price rises in the suburb have eased over 2015, leaving property values only 5.77% higher than 12 months ago, so as property price growth is easing off, with the increased rents, rental yields are strengthening for the first time in years to compensate. The mortgage market has become more stable after the mad months of May and June after the Tory’s got back into No.10, and so, everything is set to be good news for landlords; even with the Chancellors change of tax rules in the coming years for buy to let mortgages.

You can get some amazingly low mortgage rate deals at the moment, so with mortgage rates so low and returns still extraordinarily attractive, there’s rarely been a better time to invest in rental properties.

However, (you knew there would be a however!), it’s all about buying the right property at the right price. Not all property types are seeing equal rises in rents and capital growth.  Different parts of the suburb, different types of properties are experiencing quite different changes.  For example, the average length of time the 728 Hampstead properties up for rent between £1000 to £2000 per month is 26 days, whilst the average length of time the 794 properties at £2000 to £5000 per month is 58 days and 318 properties that fall into the over £5000 per month price bracket is an eye watering 153 days. 

When you start comparing different parts of Hampstead, the numbers are even stranger!  The bottom line is that you must take advice and opinion. One source of advice and opinion is the Hampstead Property Blog. In the Hampstead Property Blog, you will see many more articles like this, discussions and even what I consider to be the best buy to let deals around, irrespective of which agent is selling it.

Whether you are a landlord, ‘Homes Under the Hammer’ addict or just a homeowner who is interested in what is happening to the local property market, then please visit the Hampstead property Blog www.NW3propertyblog.com

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website

NW3 Eye Candy - Property of the week - South Hill Park Gardens NW3

I have been trawling through the market to see if there are some modestly (by Hampstead standards) priced homes that offer a balance of location, size, quality and individual style. For all my efforts, the hunt for this home was a success and this stunning period house in the sought after South Hill Park conservation area that abuts Hampstead Heath.

The current owners have sympathetically renovated this house retaining as many of the period features as possible and combined it with contemporary fixtures and fittings. You get the feel for what this place must have been like back in its hey day and how it serves its occupants in the 21st century. The combination of colours and selected furnishings give this place a cool and uncluttered look and really helps to show off its dimensions and the feeling of space on offer. 

The house has a super kitchen with all the toys and an island taking center stage with patio doors leading out a typical urban garden that has been well though out and lends itself to low maintenance- ideal for City dwellers. There are also a further two balconies from rooms 2 and 3 and that all important wine cellar to offer out the finest vintages when one is entertaining. This is a great house for the growing family and for the price well worth a look. For sale through Amberden Estates with an asking price of £3,250,000 

http://www.zoopla.co.uk/for-sale/details/38078280

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website

Buy to let - I bedroom flat behind Hampstead Heath - Tanza Road NW3

Here's an interesting flat that doesn't come up for sale that often in Hampstead. Its a one bedroom with a small patio and in an attractive location that is abutting The Heath. The flat is offered in good condition throughout and i would suggest little preparation is needed to have it ready for the rental market. Being on the lower ground floor it has its own entrance and has the added benefit of being in a peaceful location with no through traffic on the road. 

1 bedroom flat in "The Etons" buy to let investment

Morning folks, 

this is a cracking buy to let opportunity that has come up in this popular block just a stones throw from Chalk Farm Tube in a development known as "The Etons". This is a typical 1 bedroom flat of a generous 517 sq ft and according to what i see in the details in very good all round condition and ready for immediate long term letting. 

NW3 Eye Candy - Property of The Week -Branch Hill NW3

Hampstead has a peppering of bespoke houses in and amongst some of the grand Victorian and Arts and Crafts inspired period buildings. For this week , this "Grand Designs" house was definitely worth a mention. 

Discretely located on Branch Hill with secure gated access and a large frontage this contemporary six bedroom house arranged over three storeys has lots on offer and caters for every whim. Apart from all the usual refinements that you get with houses at this level, the center piece is the stunning indoor swimming pool with sauna behind the glass facade of the kitchen/breakfast room. This leads out to a patio with a 63" rear garden and soft play area for the kids. There is also a playroom for the kids if the weather is not too bright and cheery ,four further bedroom suites and the main bedroom with en suite bathroom and dressing room. The house also features a detached double lock up garage for the Bentley and the Ferrari (or whatever your preferred mode of transport may be). Oh, and don't worry, there's also a staff suite as well, as you will no doubt need some help looking after this superb home. 

If the specification of this house isn't enough, the location just puts the icing on the cake for me. Situated behind a gated entrance, the house sits on an island like site giving it a very exclusive and unique feel. Branch Hill is just opposite Hampstead Heath and within a short stroll of The Village, local shops and transport making it beautifully positioned for the superb selection of amenities Hampstead has to offer. So,if you are an indoors type there's plenty to keep you occupied with all the wonderful living and entertaining space here or if you're active and outdoorsy, take a stroll on The Heath and then down to the cafe culture and great shopping of The Village. 

On the market with TK with a guide price of £9,000,000

 http://www.zoopla.co.uk/for-sale/details/38324002

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website

Hampstead Property Market - Asking Prices Drop but Values rise

Those of you who regularly read my weekly articles in the Hampstead Property Blog will know I like to keep abreast of the Hampstead property market. Something attracted my attention this week about the local property market, something I wanted to share with my many readers.

 Over the last month, there appears to have been an anomaly in the local property market, whereby asking prices in the borough have dropped, yet property values have increased.  The average asking price of a Hampstead property, according to Rightmove, fell 1.3% this month yet the average value of a Hampstead property rose by 0.3%.

So how does this relate in monetary terms?  This anomaly has driven the average asking price of a Hampstead property down slightly to £1,989,000 whilst the average value is now £1,494,900.

So why the difference? Technically an ‘asking price’ can be any price that a homeowner wants to place his or her property on the market for. Unfortunately, many times this is done without research and can result in overpriced properties that don't sell. As the summer months are normally slightly quieter those left on the market wanting to sell often temper their asking prices in these months to try and generate interest in their property. 

On the other side of the coin, the property ‘value’ is the price that a willing buyer is prepared to pay and a willing seller is prepared to sell at. Therefore, in a nutshell, Hampstead property values are continuing to rise and those homeowners in Hampstead who have properties on the market, last month on average, reduced their asking prices... great news for property owners and buyers alike!

In previous articles, I have spoken about the continued fundamental shortage of property coming on to the market compared to buyer demand. That is especially true for homeowners wanting to upgrade to a better house/better location. I can appreciate Hampstead home owners are reluctant to put their own property on the market speculatively and wait for the right property to become available and some high demand locations can suffer from a property stalemate.

Most homeowners don’t want to sell and have nothing to buy.

But that’s the beauty of the much maligned English and Welsh house buying process. You can find a purchaser for your property, and then ask them to wait. By agreeing a sale (subject to contract) before you try to buy sounds concerning to many, but with fewer properties for sale you need to have a buyer for your property or you will be treated as a less serious buyer yourself. If you cannot find the right home for you, you can slow the deal with your purchaser until it comes along. If nothing suitable does comes along and you lose your buyer then the worst outcome is that you have to find another purchaser or take your property off the market and stay put for now, and as long as you mention this at the start they must not commit to any costs until you have agreed your onward purchase.

 However, for the landlord/buy to let investors, these potential problems are nothing further from the truth. As I write this article, there are over 390 flats for sale, 44 terraced houses and 16 semis for sale in Hampstead.  Landlord/Buy to let investors can normally pick up some bargains in the Autumn months, as sellers who are selling their homes often have a pressing need to sell by this time.

The types of houses a Hampstead landlord typically buys, are not the same types as the homeowners wanting to move to a posher area of the borough as they are attracted by larger semis and detached properties. The best types of properties for buy to let are the smaller flats, terraced and semis (not the big detached ones). There are in fact too many of these smaller properties for sale .. just look at the numbers of properties for sale (mentioned in the previous paragraph).

If you are a landlord or thinking of become one for the first time, and you want to read more articles like this about the Hampstead Property Market together with regular postings on what I consider the best buy to let deals in Hampstead, out of the hundreds of properties on the market, irrespective of which agent is selling it, then you might like to visit the Hampstead Property Blog www.NW3propertyblog.com  

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

Ashmore Residential Hampstead Twitter Page

Hampstead Investment Property Specialist Ashmore Residential Website

Center Heights - Finchley Road NW3

Morning folks,

I've written about this new development called Center Heights located just next door to Swiss Cottage tube. This is a top floor flat with great views and with brand new everything. 

Cracking 2 bedroom flat for Buy to Let Investment - Maitland Park Villas NW3

Hi folks,

back to the old stomping ground that is the Maitland Park Estate and this two bedroom flat in a purpose built ex-local authority block has come up for sale. I've only got the one photo of this flat which, ironically, is of the outside, so not much to go by. However, in the selling agents details it says the flat is in need of modernisation, so lets not make the assumption that its a coat of paint and vacuuming the carpets!

4 bedroom ex local authority maisonette- Waxham-Mansfield Road NW3

Most of the buy to let investment opportunities that i put out are studio , 1 and 2 bedroom flats. Every so often if something larger becomes available and its good value, then i will certainly make my recommendations. For today, there is one such flat; located in a block called Waxham on Mansfield Road , just a short walk from The Heath, local shops and transport of Hampstead Heath mainline station and Belsize Park Tube. 

Christ Church catchment area properties outperform Hampstead average by 26.64%

I was having a chat with a Hampstead property investor the other day, when he asked if schools, especially primary schools, affected the local property market in terms of demand from buyers and tenants to a property. Anecdotally, I have always known this to be true, a good school creates good demand and good demand does affect house prices.  So, I asked my colleagues on the front line, who take the phone calls from people putting themselves on our mailing list and they confirmed that most people cite location as their number one factor.

After looking through our mailing list, it confirms there is a close correlation between the high demand areas of Hampstead and the close proximity to a good primary school.  Talking to my team in a recent morning meeting, they agreed many people would look to increase their budget quite significantly, whilst others would consider downgrading their property requirements to be close to a good primary school.

Those of you who regularly read this blog will know I like a challenge, so I decided to look at the science behind these assumptions.  According to the SchoolGuide website, Christ Church Primary School is one of the best primary schools in Hampstead. Its figures are certainly impressive. Their last Ofsted Report classified it as Outstanding, 100% of 11-year pupils achieving Level 4 or above in maths, reading and writing whilst 67% of them achieved level 5. There is also a great pupil/teacher ratio of 19:1. Finally, the schools’ KS2 rating was classed as Excellent.

Looking at property sales within half a mile of Christ Church, property values have risen since 2001 by 206.67%, whilst according to the Land Registry, the Camden average as a whole has risen in the same time frame by 163.19%.

That means the parents of Christ Church have seen the values of their properties rise proportionally 26.64% more than the Hampstead average ... interesting don’t you think?

However, whilst a good primary school significantly contributes more to house prices, the same can’t be said for secondary schools. There are two reasons for this, firstly, as secondary schools are much larger, so their catchment areas are correspondingly much larger, meaning parents don’t need to live so close to the school. Secondly, in the UK, whilst the difference between the top 25% and bottom 25% of secondary schools is not insignificant, in the primary school sector, the difference between the top 25% and bottom 25%, according to the London School of Economics, is considerably and significantly more.

Many other Hampstead landlords, both who are with us and many who are with other Hampstead agents, like to ring/email us to discuss the Hampstead property market, to consider how Hampstead compares with its closest rivals and hopefully we can answer all their questions. You must take lots of advice and seek out the best opinion. One good source of opinion, specific to the Hampstead property market is the Hampstead Property Blog www.NW3propertyblog.com   I don’t bite, I don’t do hard sell, and I will just give you my honest and straight talking opinion.

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

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NW3 Eye Candy- Property of The Week-Daleham Mews NW3

Amongst the grandeur of the classic Victorian and Edwardian period buildings which are the staple of housing in the NW3 area, there are the hidden gems by way of the Mews houses that deserve some exposure.Tucked away off the wide tree lined avenues are some interesting mews homes in cobbled streets. Most of these are in the form of 2/3 bedrooms,though this wide fronted four bedroom example caught my eye. 

Located on Daleham Mews which is equidistant to either Hampstead or Belsize Villages, makes for a good address. Once inside is where the fun starts; the owners have appointed some clever people in the development of this place creating something with individuality, that is of architectural merit, giving it a unique and special feel. 

The showstopper is the circular reception room with 360 degree views surrounded by the 53" south facing terrace giving a great ambiance to the house.This is something you can really enjoy with family and friends as its great for entertaining on 2 levels-weather permitting ! The other feature is the cleverly conceived staircase that is overlooked by the atrium filling the house with light-an intelligent use of space. Finally,that all important thing that comes at a premium in NW3-secure allocated parking,there is a wide integral garage that will accommodate 2 cars. The interior is neutral with well chosen fixtures and fittings making the house look colourful and contemporary. 

If your'e in the market for a mews house,the smart money is on this one.It's big,it's different and for what it's got to offer,you can be sure it will always hold its own. Offered for sale through our good friends at TK International for £3,499,950  click on the link below for the full story.

 http://www.zoopla.co.uk/for-sale/details/38231916

How Much Is Your Property Worth? Click Here To Find Out For FREE

If you are looking for an agent with experience that can help you find the right tenant for your property, then contact us to find out how we can get the best out of your investment property. Email me on chris@ashmoreresidential.com or give me a call on 020 7435 0420. Pop in for a chat – we are based on Ashmore Residential, Suite 7, 25-27 Heath Street, London, NW3 6TR. The kettle is always on.

Don't forget to visit the links below to view back dated deals and Hampstead Property News.

Follow The Buy-To-Let Property Investment Market in Hampstead

Hampstead Property Market LinkedIn Page

Ashmore Residential Hampstead Facebook Page

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Hampstead Investment Property Specialist Ashmore Residential Website

  

Studio flat for buy to let investment -Studholme Court Finchley Road NW3

Morning folks, 

Looking through what is available at under £400,000 in the local area , i spotted this good size self contained studio flat in an ex-local authority building called Studholme Court. This flat is in pretty good condition and features a separate kitchen, spacious studio room that leads out to a small west facing balcony.