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.

Is Wimbledon really a game of two halves?

When a landlord who has invested in rental properties throughout Wimbledon asked me about the property market in our town and the village, what we found out about the differences in property values was quite interesting.

Over the last four hundred years the Wimbledon story has remained unchanged. It is an area that, due to its proximity to both the City of London and its rural recreational activities, attracts wealthy upper class families.

Comparing the 1851 census with the 1901, the population grew fifteen fold in 50 years. This resulted in building of many Victorian Villas and terraced houses in the SW19 area, and particularly around Wimbledon Common. Many of these have converted into flats, and this is traditionally is where the most expensive property is located.

The overall average value of a two bedroom property in Wimbledon is £527.100 which is £10.100 below the average of its neighbouring village of £537.200. The most expensive street in Wimbledon Village is Camp Road where an average property is worth in excess of £7.295.045 The most expensive property was a lovely 7 bedroom detached house which sold last year for a tremendous £8.500.000.

To better understand the investment opportunities available, we took a look at the rent achieved on a two bedroom property over the last year in both Wimbledon Village and town. The average rent achieved in Wimbledon is £1350 where as in the village, the average rent is slightly higher, at £1500. When you consider the rents achieved in both areas, this gives us an almost identical yield (or the annual rent as a percentage of the value of a property) of 3% per year. We found that both town and village to be as good as each other, which we would not have established without the additional research.

However, yields are not everything in property investment. Another factor you should also consider is how much the value of the property goes up in the long term. Looking at the Wimbledon property market in more depth enables us to give you the best advice and help you to find the best investment property.

Two bedroom flat – A perfect buy-to-let

For investors who have little time on their hands and are looking for investments that are in a good liveable conditions and are ready for immediate occupation, I was searching the market for such a property and came across this lovely flat that needs no work and is in a popular and desirable location. 

This little gem of a flat is just a short walk to Colliers Wood station and inside has been finished in a contemporary style with wooden floors throughout, neutral decor and fitted kitchen, making it just the ticket. 

It is on the market with Ludlow Thompson for £350,000 with no chain and a long lease, this flat could achieve rent in the region of £1300, giving you an annual return of nearly 4%! Viewings are highly recommended.

http://www.zoopla.co.uk/for-sale/details/36608432

 

Colliers Wood - A great investment flat with a 4.5% yield

Looking through the property market, I saw this this one bedroom first floor flat just a short walk from Colliers Wood High Street and moments away from both Colliers Wood and Tooting Broadway tube stations. These Victorian conversion flats are very popular with professionals seeking  an abode. Looking inside, this handsome property has wooden flooring, a contemporary open plan kitchen,neutral decor and a full width Juliette balcony.

On the market with our friends Grace Miller, with a purchase price of £315.000 and an achievable rent around £1200 per calendar month, yields could potentially be around 4.5%. Also these Victorian homes close to Colliers Wood station have always shown great capital appreciation over the last few years.

If you are looking to purchase a buy to let in SW19 or maybe this one has caught your eye and you would like a second opinion, then please feel free to contact me on 020 8947 6613. I am more than happy to help.

http://www.zoopla.co.uk/for-sale/details/36505054

             

                           

                           

                            

                           

                           

Property value in Wimbledon has risen 20.5%

Over the last 2 years the average property value in Wimbledon has risen by 20.5% from £617.391 to £743.967 or £1217 per week

I was contacted by a landlord last week from Colliers Wood who wanted to know more about Wimbledon and Kingston property market. Having properties in all three areas, it was then interesting to compare the increase in property values in the different areas.

With Wimbledon property values rising by £1217 per week, Kingston has had a slightly lower average increase in property values, at around £946 per week. Whilst Colliers Wood has had an even lower rise of an average of £540 per week.

This gets more interesting when you consider these weekly figures only tell half the story. Whilst prices have gone up by £1217 per week, it represents an average growth of 10% year on year.

Nonetheless, seeing a rise in average property values suggests the market is recovering steadily in our areas, but especially Wimbledon.

When considering this, yeilds can be in the order of 3% to 4% per year, depending on where you buy. Combine that with steady rental growth and an impressive increases in capital values of the properties themselves, then this could be a good time to invest in the property market as Wimbledon property values start to rise.

Whether you are a landlord or someone thinking of investing in the rental market for the first time, We are certainly more than happy to offer our advice and opinion on your potential investment.

Studio flat – Ideal buy-to-let Investment

Here is a self-contained studio flat that I have spotted. Nestled in between Wimbledon and Raynes Park, this flat has been neutrally decorated with wooden floors throughout and comes with a lovely communal garden.It is just moments away from Wimbledon town centre making it an ideal property for commuters.

It is on the market with Brinkleys for £199,950 and comes with no chain,You could potentially get a 5% annual return. This is based on achieving a rental figure in the region of £1,000 pcm making it a perfect buy-to-let investment.

http://www.zoopla.co.uk/for-sale/details/34596465

Great buy to let deal in Colliers Wood

Here is a fantastic deal I have spotted for you..

An immaculately presented refurbished one bedroom end terrace house situated within close proximity to Colliers Wood and Merton Abbey. The property comprises of wooden flooring, fitted kitchen and neutral decor, and there is a small garden at the front.

As ever, these properties are in great demand either for young professionals, couples or sharers and the rent achieved should be in the region of £1,200 pcm. So with the asking price at £299,950 your annual yield would be 4%,

It’s on with Eddison White so why not pop in and see them or give them a call and arrange a viewing and for more information click on the link below: 

http://www.zoopla.co.uk/for-sale/details/36316068

 

An Ideal Investment Opportunity!

I came across this lovely little flat that I would like to share with you. It's a two double bedroom flat nestled in between Raynes Park and Wimbledon Chase stations and it is on the market with Hawes & Co for just £295,000 making this a perfect investment opportunity.

Looking at the photographs, this flat has been nicely decorated with a fitted kitchen and bathroom. A flat of this size and its location should easily rent for in the region of £1,300 pcm.Therefore, you could be looking at a potential annual yield of 5%!

http://www.zoopla.co.uk/for-sale/details/36275470

 

Two bedroom maisonette with a 3.5% return in Raynes Park

Good morning property investors, Just came across this property which I would like to share with you.

This beautiful first floor two bedroom maisonette located in a very popular area with good local schools and very close to Wimbledon Chase and Raynes Park Stations, this property would make an ideal buy-to-let opportunity for professionals, couples or a perfect home for families.

The property has been refurbished beautifully inside with sophisticated decor and has a lovely paved garden space.

With no onward chain and comes with a new lease, it is on the market with Tennisons for £425,000 and achievable rent at £1500 per calendar month. It could generate you an annual yield of 3.5%! I would suggest to book a viewing as it would go pretty quickly.

http://www.zoopla.co.uk/for-sale/details/36132412

5% return on this two bedroom maisonette in Colliers Wood

Now and then, these investment properties come on the market and make an appearance. This two bedroom flat maisonette, nestled in the heart of Colliers Wood cul-de-sac makes a perfect buy-to-let investment opportunity. Looking inside, this flat has recently been refurbished with wooden floors, a contemporary kitchen and neutral decor throughout.

It is on the market with our neighbours Eddison White with a purchase price of £319,950 and achievable rent at £1400 per calendar month giving you a yield of 5%.

Viewings are a must because this property will not be around for long. Click on the link below to see the details.

http://www.zoopla.co.uk/for-sale/details/35966135

         

          

          

         

          

         

A room with a beautiful view!

Situated in between Wimbledon Park and Southfields tube stations,this larger than average Studio flat is on the market with Brinkleys Estate Agents for £250,000 making it a great buy-to-let opportunity and it comes with no onward chain.

Looking inside, this flat has been beautifully decorated throughout with neutral decor, fitted kitchen and bathroom and has a private balcony with stunning views of the communal garden.

Based on achieving a rental figure of £1000 pcm, this little number could potentially get an annual return of nearly 5% which is pretty good.

http://www.zoopla.co.uk/for-sale/details/35485392

Investment opportunity not to be missed

With my eyes peeled, I came across this two bedroom first floor maisonette situated just moments away from the local Thames Link and Morden tube station. This spacious property comes with a new contemporary fitted kitchen, neutral decor and a rear garden. It is on the market with Lauristons for £319,950 with no chain and would make a great buy-to-let investment for professionals and families.

This property will achieve an average rent of £1250 per calendar month, giving you a yield of 4.6%. So get down to the agent and book a viewing as two bedroom flats are very popular with tenants and don't stay on the market for very long.

http://www.zoopla.co.uk/for-sale/details/34459144

     

     

     

     

If you are thinking of purchasing a buy-to-let property and you would like a second opinion, 

then please feel free to email me direct at sam@masonandco.co.uk