5% Yield On This Stunning One Bedroom Flat in Colliers Wood

As the month comes to an end, here is another little number that I would like to share with you!

This one bedroom flat is situated in a quiet cul-de-sac in Colliers Wood just moments away from the northern line and the Sava Centre, making it an ideal property for commuters.

Looking inside, it has recently been redecorated with a contemporary kitchen, a modern kitchen and beautiful decor and it is on the market with Foxtons for £265,000.

This flat could achieve a rent in the region of £1,200 per calender month, giving you an annual return of 5%! Flats like these are very popular with tenants and will go quickly, so get in touch with the agent to view.

http://www.zoopla.co.uk/for-sale/details/37009368

What type of property performs the best in Wimbledon?

Wimbledon is a popular suburban district of London attracting all types of property hunters in our town. Fortunately, just about every preference of accommodation can be catered for. From highly desirable detached houses to late Victorian terraced house and modern luxury flats and apartments dotted around the town.

A good guide to judge what types of property performs the best is knowing what types are actually selling. Let us look at what has happened over the last twelve months in particular, this will give us a good indication of the saleability of the different types of property in SW19.

Between May 2014 and May 2015, 1,090 of the 35,374 properties actually sold in Wimbledon SW19.  The best performing type of property were flats and apartments with an average sale price of £413,000. 586 flats and apartments changed hands in the last year, representing 53.8% of the property sold. When you consider 50% of the housing stock in SW19 are flats and apartments, this means they have done very well.

In second are terraced properties, representing 28.6% of the sales. Nonetheless, terraced houses only but respectably make up 31% of the property in Wimbledon. Once again, good news for all terraced house owners.

Of the 3,995 semi-detached houses in Wimbledon, 82 properties changed hands in the last year. Whilst 31% of the housing stock are semi-detached houses, they only represented 7.5% of the sales.

However, its the detached properties that performed the worst in the last year. Out of 1,588 detached houses, only 35 properties changed hands, representing 3% of the sales. On the other hand, detached houses only make up 4.49% of the housing stock in Wimbledon.

What does this mean for property owners in Wimbledon? It means that there is a fairly even property market in Wimbledon. Most homeowners start with a terraced house, then aspire to move to semi-detached houses. If finances allow, they move to a detached property. With half of Wimbledon properties being flats and apartments and the majority of them may have been purchased by landlords to rent out to tenants. As a result, this is why these sales are a higher percentage compared to the other property types.

Stunning 'Apostles' two bedroom flat with a yield of 4.9%

Good afternoon all...just came across this stunning flat located in the very desirable 'Apostles' area of Raynes Park. This two bedroom split-level Edwardian conversion flat is on the market with Ellisons for £385,000.

Looking inside, this flat has been beautifully redecorated with neutral decor, a contemporary kitchen and bathroom and has an open plan living area With good local schools and Wimbledon Chase and Raynes Park stations just a stone throw away, this property would make an ideal investment property for families, commuters and sharers.

Based on achieving a rental figure in the region of £1,600 pcm, you could potentially generate an annual return of 4.9%!

http://www.zoopla.co.uk/for-sale/details/36975775

Wimbledon – Good time to buy property?

Following last month's article, I had an interesting conversation with someone who was thinking of buying his first buy-to-let property and he wanted my thoughts on the market and whether it was a good time to invest.

He was particularly worried with all the news headlines about the booming London house prices that there wouldn't be any demand from tenants. One of the best piece of advice I can give to those looking to invest in property is a simple trick of the trade. You can judge the affordability of an area property market (and thus how much demand there could be) by simply finding the ratio of the average property price to the average salary. The lower the ratio, the more affordable the property is.

When we put this to the test, we found that Wimbledon currently has an average property value of around £742,000. According to the Office of National Statistics, the average salary in Wimbledon is estimated at £39,685. This is a ratio of 18 to 1. Most lenders will only lend up to 4.5 times of the income, so to buy an average house in Wimbledon, a first time buyer would need to be on a salary in the late £130,000's. They would still need to take into account buying fees and raising the 5% deposit which then will be in the order of £31,000+

Tenants inability to raise that sort of money for the deposit is driving demand for rental properties. Whether you are a landlord with a portfolio or someone thinking of investing in the rental market for the first time, and If you would like some advice about buying to let, please feel free to email me at sam@masonandco.co.uk.

3 bedroom flat in Raynes Park with a 5% yield!

I have just come across this great investment opportunity situated moments from Wimbledon Chase, Raynes Park stations and good local schools making it a popular location for commuters, shares and families alike.

This three bedroom flat has recently been refurbished and redecorated with a modern fitted kitchen, neutral decor and wooden floors throughout. It is on the market with C James & Co for £374,999 which seems quite reasonable. Achievable rent could be in the region of £1,700 giving you a yield of 5%!

Viewings are highly recommendable because flats like this does not stay on the market for very long.

http://www.zoopla.co.uk/for-sale/details/36813310

Wimbledon SW19 Property – Do you know the Facts & Figures?

One of the final portions of census data has recently been released by the Government, and for those of you who like to look at data, it is a treasure trove of information. Information is so important when making decisions on what (or not) to buy when investing in property. Such information allows us to weigh up potential hotspots in the rental market and show potential landlords where there could be an opportunity.

Therefore, I looked at Wimbledon SW19 as whole. There are over 83,000 people living in 32,895 properties, but it is the home ownership percentages that really got me interested. As it is this information, tied in with our intimate knowledge of the market, where we can match tenant demand to an under supply of rental properties. In Wimbledon SW19, of those 32,895 households, 24% own their property without a mortgage and additional 29.5%  of households own their property with a mortgage.

However, the surprising thing was the high level of private rented properties. Normally, when you have high percentages of home ownership, the renting is low. Quite the opposite in this area where 32.5% (or to be exact 10,713 households) are in the private rented sector. With such excellent demand from homeowners and tenants, this could be the right area to purchase your next buy to let investment, especially some of the one bedroom flats are achieving yields in the 3% to 4% region and Wimbledon property values always perform well over the long term (as you recall last month, we said that Wimbledon property values had risen by 20.5% in the last two years).

If you are a landlord new or old and considering buying a property for investment in the near future, I am certainly more than happy to give my considered opinion on what you want from your investment. 

Perfect first time investment opportunity!

http://www.rightmove.co.uk/property-for-sale/property-34591974.html

Just came across this little gem which has just come on the market on Derwent Road. Located just moments away from Raynes Park Station and local shops, this lovely ground floor maisonette would make a perfect first time investment property. It is on the market with Haart and the guide price is £270.000 with a potential to generate an annual return of around 5%. This is based on achieving a rental figure in the region of £1,250 pcm which is pretty good.

Viewings for this property is held on 16th of May so get down to the agents to book a viewing as this kind of property will not be on the market for very long. Click on the link to see the details.

If you like to discuss about the property market and would like some advice, please feel free to email me at sam@masonandco.co.uk

Colliers Wood - Deal of the Day!

Good morning property hunters. Here is my pick for today, it is a two double bedroom split level maisonette located in a quiet cul-de-sac and a short walking distance to northern line tube stations and the Tandem Centre.

This property is on the market with our friends at Urban for just £315,000 and would make a perfect first time investment. Rentals on this property could achieve £1400 per calendar month, that's a yield of 5%. Not bad for starters.

For full details, click on the link below.

http://www.zoopla.co.uk/for-sale/details/36722112

 

                             

                             

                             

                             

4% return on this stunning two bedroom flat

Having a look this afternoon and spotted this flat on the market in a cul-de-sac near Raynes Park Station.

This two bedroom flat would make a great investment for couples, sharers or families. It has been beautifully refurbished throughout with neutral decor, fitted kitchen and has a private garden at the back. It is on the market with Goodfellows for £350,000 and achievable rent of £1,400 giving you an annual return of 4%.

I would suggest to contact the agent to book a viewing as these properties are always in demand.

You can click on the link to see the details.

http://www.zoopla.co.uk/for-sale/details/36741007

High Path Estate property market outperforms Cottenham Park's by nearly 55%

Following a conversation with a landlord from Cottenham Park area in Raynes Park, we were discussing his Buy to Let properties in Raynes Park where he owned one and how different it is from his other property which is in Priory Close, High Path Estate.

Cottenham Park takes its name from Charles Pepys, 1^st Earl of Cottemham who lived in West Wimbledon and served two terms as Lord Chancellor and is one of the highly desirable neighbourhood to live in. The average three bedroom property in Cottenham Park sells for around £725.000 and rents are on average £2.550.

With this in mind, it was a surprise to find that similar three bedroom property on Priory Close, High Path Estate have outperformed those in Cottenham Park. This is because a three bedroom property in High Path Estate can be bought for around £276.700 and the achievable rents can be around £1.500 per calender month. The yield which could be achieved from property in High Path Estate is around 6.5% per year. When we compare this to the possible 4.2% in Cottenham Park, it is nearly 55% higher in High Path Estate.

However, we must remember that yields are not the only factor when investing in a Buy to Let investment as you should also consider how much the value of the property goes up in the long term. In the last 12 years the average value of a three bedroom property in High Path Estate was around £157.000, which has since risen on average by 56%. A three bedroom property in Cottenham Park was around £335.000 meaning the value has increased on average by an impressive 116% in the same 12 years.