This self contained studio has come up that is about half a mile away from the tube and shops of West Hampstead. Its located on the 3rd floor and has a small balcony.
Looking at the images, it seems to be in decent condition with little preparation required for the rentals market.There are wood floors, a separate kitchen and plenty of storage. In terms of overall size , its above average coming in at just over 325 square feet, good news as this will also appeal to a couple who may have a lower budget broadening the target audience.
This blog follows the buy-to-let market in Hampstead. You'll find tips, guidance, and analysis that relates specifically to Hampstead and you'll also find properties from all the estate agents in the town on here that may make decent investments. I own and operate Ashmore Residential, a Hampstead Estate Agents, and if you're thinking of buying a property to let in Hampstead, I'm happy to offer a second opinion.
Monday, 14 December 2015
Friday, 11 December 2015
Hampstead vs Chelsea – Clash of the Property Market Titans
Many landlords have been asking me my thoughts on the
Hampstead property market recently, and in particular, what is happening to
property values. My calculations show property values in Hampstead quite
interestingly grew in the month of September by 0.6%. When one looks at the
annual growth, Hampstead values are 8.2% higher (when comparing Sept 14 to Sept
15). However, there are signs that the
fundamental growth of property values in Hampstead has now peaked, despite
those average property values being above levels recorded in 2007 (just before
the 2008 crash).
Even though prices are higher this month, this rise of
Hampstead property values masks the underlying truth in what is really
happening to local property values in the town. Throughout 2015, property values have
been yo-yo like on a month by month basis, being quite volatile in nature. For example;
·
- September 2015 0.6% rise
- August 2015 0.5% rise
- July 2015 1.1% rise
- June 2015 1.0% rise
- May 2015 0.1% rise
- April 2015 1.5% rise
- March 2015 0.3% drop
This is in
part due to seasonal factors, as well as mortgage approvals increasing over
June and July and then falling by over 15% in August, according to the Council
of Mortgage Lenders (CML).
The outlook for the Hampstead property market remains positive against the foundations of low mortgage rates and growing consumer confidence. However, I do have to question the recent CML mortgage data and whether that raises issues over whether the rate of growth since the Tory’s were re-elected in the early summer can continue? However, on a positive note, Hampstead property values are still running ahead of salaries and average property values are 69.5% above the levels recorded in 2007.
The outlook for the Hampstead property market remains positive against the foundations of low mortgage rates and growing consumer confidence. However, I do have to question the recent CML mortgage data and whether that raises issues over whether the rate of growth since the Tory’s were re-elected in the early summer can continue? However, on a positive note, Hampstead property values are still running ahead of salaries and average property values are 69.5% above the levels recorded in 2007.
Talking to
fellow property professionals in the suburb, demand for property has been
showing signs of moderating in the final few months of 2015, which in turn will
lead to a slight slowdown in the pace of house price growth in the run up to the
festive season. You see, it is really important not to read too much into one
month’s (September’s) headline figures.
Readers might
be interested to note that before
the 2008 property crash, all the UK region’s housing markets tended to move up
and down in tandem like the Hampstead Synchronised Swimming team at the Parliament
Hill Leisure Centre Swimming Pool! Since
then though, the Greater London property market took off like a rocket in
2009/10, whilst the rest of the UK only really started to grow in 2012/13, and
even then that growth was a lot more modest than the Capital’s. Looking closer to home, it can even be
different in neighbouring towns, areas and cities, so whilst Hampstead property
values are 8.2% higher than a year ago (as mentioned above), Chelsea property
values are only showing 2.3% higher (than a year ago)
I cannot stress enough the importance of doing your
homework. One source of information and
advice is the Hampstead Property Blog where I have similar articles to this
about the Hampstead property market and what I consider to be the best buy to
let deals around at any one time in the suburb, irrespective of which agent it
is on the market with. If you haven’t
visited and you are interested in the local property market in Hampstead….. you
are missing out! www.NW3propertyblog.com
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.
NW3 Eye Candy - Property of the Week - Greenaway Gardens NW3
For this week we shall visit a part of Hampstead where there is little movement in terms of sales, which , in part s why its a very sought after road known as Greenaway Gardens. For today, I'd like t talk about this substantial four bedroom flat that spans the entire first floor of this grand detached building.
This is a very well appointed property with four decent sized bedrooms , all with their own en-suite facility and each has plenty of fitted storage. On to the principal room; the living and dining rooms are intercommunicating, with the kitchen located just behind, so the hub of the home along with the entertaining areas flow beautifully. There is also a large terrace that leads out from the living room which is great for summer evenings or of you wish to create a potted garden. There is also use of the large rear garden and an allocated parking space for 1 car on the driveway.
This flat has much of the period features of the original building in tact giving the place true ambiance with the generous proportions giving the feel of light and space. There is some 2,144 sq feet of space on offer here, so house like proportions on offer here and despite the £2.75 million guide price, its much cheaper than what you would pay for a house on this road.
Looking for a place with house like room sizes, with outside space and allocated parking in sought after part of Hampstead ?, then here it is my friends... however, given the appeal, this one's Under Offer with Stella Lange estate agents. Click on the link below for the full story.
http://www.zoopla.co.uk/for-sale/details/38360997#qkryaZid2QEo5cCF.97
This is a very well appointed property with four decent sized bedrooms , all with their own en-suite facility and each has plenty of fitted storage. On to the principal room; the living and dining rooms are intercommunicating, with the kitchen located just behind, so the hub of the home along with the entertaining areas flow beautifully. There is also a large terrace that leads out from the living room which is great for summer evenings or of you wish to create a potted garden. There is also use of the large rear garden and an allocated parking space for 1 car on the driveway.
This flat has much of the period features of the original building in tact giving the place true ambiance with the generous proportions giving the feel of light and space. There is some 2,144 sq feet of space on offer here, so house like proportions on offer here and despite the £2.75 million guide price, its much cheaper than what you would pay for a house on this road.
Looking for a place with house like room sizes, with outside space and allocated parking in sought after part of Hampstead ?, then here it is my friends... however, given the appeal, this one's Under Offer with Stella Lange estate agents. Click on the link below for the full story.
http://www.zoopla.co.uk/for-sale/details/38360997#qkryaZid2QEo5cCF.97
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.
Thursday, 10 December 2015
1 bedroom flat - Buy to let investment - Adelaide Road NW3
I've mentioned this one bedroom flat in the not so distant past, towards the end of October in fact. Strangely, it was first listed with a price of £460,000 which seemed reasonable, though looking through the details again, it appears to have shot up to £499,950?
At the original price of £460,000 this is an ideal flat for investment, 1 bedroom , very close to shops and the tube at Chalk Farm with Camden and Primrose Hill at either side. The rent will be coming in at £1670 per calendar month, that will give you a net yield of 4.15%- which is pretty good for the local area , especially in this case as its been modernised and just needs a bit of dressing up to get it ready for letting.
As we are in the seasonal lull with Christmas just a fortnight away, I'd make some enquiries and test the water here. The bottom line is, that despite the price hike, it was listed 6 weeks ago and it hasn't sold (which is unusual for a flat in this location). By the way, the lease has been fully extended to 150 years, so no other large bills waiting to be settled. Click on the link below for a refresher of all the details. Its on the market with our friends at CH Peppiat just over the road from the flat itself.
If you are thinking of investing in the NW3 property market, now or in the future and would like to know more about the important things to consider, then by all means feel free to pop in to the office on Heath Street for an informal chat. I don't bite and I don't hard sell, I will simply give you my honest opinion on what and what not to buy locally and where and where not to invest.
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.
Tuesday, 8 December 2015
Room at the top! 1 bedroom penthouse apartment - Maitland Park Road NW3
Here's an interesting flat that rarely comes to the market and was tempted to put it out there. Its a 1 bedroom penthouse flat in this 1960's ex-local authority block just a short walk to Chalk Farm tube. Its got a wrap around balcony with stunning views on offer and the flat itself is offered in pretty good condition throughout.
Monday, 7 December 2015
1 bedroom buy to let- Palgrave House, Fleet Road NW3
Hello folks!
Although we are in the seasonal shift for the industry with Christmas fast approaching, the local market still has some worthwhile opportunities to consider. Trawling through to see what has recently come up, i 'd like to talk about this 1 bedroom in an ex-local authority block located on the 7th floor.
Friday, 4 December 2015
Values of Hampstead Terraced Houses smash through the £1,265/sqft barrier
The Council of Mortgage Lenders (CML) latest snapshot of the
buy to let mortgage market shows us that buy to let landlords haven’t been put
off by the Chancellors announcements on the way buy to lets are taxed.
Last month, the CML stated £1.4billion was borrowed by UK
landlords to purchase 10,500 buy to let properties, up 26.5% from the same
month in 2014, when only 8,300 properties were bought with a buy to let
mortgage. Go back two years and the number of buy to let mortgages used for
purchasing (again not re-mortgaging) is 36.4% higher! Even more interesting has
been the fact that the average amount borrowed has risen as well. The average
buy to let mortgage last month was £133,330, up from £128,480 a year ago.
In Hampstead, I am speaking to more and more landlords, be
they seasoned professionals or FTL’s (first time landlords), as they read reports
that the Hampstead rental market is doing reasonably well, with rents and
property values rising. Interestingly, one landlord recently asked how much he
should be paying per square foot (more of that in a second).
The first thing you have to decide is whether you want great
capital growth or great rental yield, as every knowledgeable landlord knows,
you can’t have both. Over the last twenty years, property values in Hampstead
have risen by 582.81%, compared to Kensington and Chelsea’s 606.08%. This has proved
that capital growth increases faster in more expensive central London, but your
investment money doesn’t go very far, meaning there won’t be as much rental
yield from a 1 bed apartment in Chelsea (2% per year at best with a fair wind)
compared with a 2 bed apartment in Hampstead. However, whilst the figure of 582.81%
is an average for the area, certain parts of Hampstead have seen capital growth
much higher than that and other pockets much worse (we have talked about those
in previous articles).
If you recall in an earlier article, my research reveals that
Hampstead apartments tend to generate a better yield than houses, probably
because several sharers can afford to pay more than a single family. But houses
tend to appreciate in value more rapidly and may well be easier to sell, simply
because there are fewer being built.
So what should you be buying in Hampstead, and more
importantly, how much?
- · The average apartments in the area are currently selling for approximately £1,204 per square foot.
- · Terraced houses in Hampstead are currently obtaining, on average, £2,294,100 or £1,267 per square foot.
- · An average semi in Hampstead is selling for £3,583,900 and achieving £1,424 per square foot.
Now these are of course averages, but it gives you a good
place to start from. In the coming weeks, I will look at rents being achieved
on Hampstead houses and apartments, and the yields that can be obtained,
depending how many bedrooms there are. In the meantime, if you would like to
read more articles like this, then can I suggest you visit the Hampstead Property
Blog www.NW3propertyblog.com
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.
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