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Offering 0% Commission for all new Property Managements *

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Published: 28/11/2017   Last Updated: 28/11/2017 12:20:22   Tags: Property, Landlords, Management, Offer, Commission, Deal, Info

Stamp Duty cut

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Published: 28/11/2017   Last Updated: 28/11/2017 13:26:34   Tags: Landlords, Property, News, Info, Stamp Duty, Buyer

Stamp Duty cut: 

first-time buyers rejoice, but experts warn of price rises


First time buyers may be emboldened to make an offer following the Stamp Duty cut announced yesterday, but industry figures and experts warn it's only a sticking plaster.


If Chancellor Philip Hammond thought his Stamp Duty cut for first time buyers announced during yesterday’s Budget would get a unanimous thumbs up, then things definitely aren’t going to plan.
Firstly Robert Cote, Chairman of the Office for Budget responsibility, revealed that his organisation thought the tax cut would push up prices by 0.3% and that “the main financial gainers will actually be people who already own properties, rather than first time buyers themselves”.
Treasury Chief Secretary has subsequently dismissed the OBR’s prediction and just a “minor increase”.
But Mark Hayward, Chief Executive of the National Association of Estate Agents (NAEA)  also sounded a note of caution saying that although overall it was a positive move, it would increase house prices by pushing up demand for first time buyer properties.
“We have seen this in areas where Help to Buy is offered, as it attracts a great deal of interest from first time buyers,” he said.

Sarah Beeny, TV presenter and founder of online agent Tepilo , also weighed in, saying she thought the measures would not make a huge difference to the market.
“Cutting stamp duty for first time buyers is unlikely to do much – the majority of first time buyers don’t pay anything or only a small amount presently, so it won’t make a huge difference to the masses,” she told The Express.
“The only people it will really help are first time buyers purchasing high worth properties, who already have the funds to do so.
“Essentially, it strikes me as a bit of a PR stunt designed to generate headlines, but something that will actually make very little difference to the market.”

Surveyors weren’t impressed either – Lewis Johnston, RICS’ Parliamentary Affairs Manager (pictured, left), said the thought “scrapping Stamp Duty for first-time buyers may stimulate activity at a time when the market is subdued, but this does not tackle the underlying problem and is something of a distraction from the need to increase supply”.
Alison Platt, CEO of Countrywide (pictured, right), however, didn’t think the Stamp Duty cut went far enough.
“It is activity among movers that is most critical to the growth of transactions in the wider housing market,” she said. “While first time buyers face affordability issues, so do movers and without making it easier for these second steppers to move on the supply of property to buy will always be limited, adding more to price pressures.”



House of the Year

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Published: 27/11/2017   Last Updated: 27/11/2017 16:11:03   Tags: Property, News, North London, Info, Landlords

House of the Year

Inside the 'spaceship' house in Highgate longlisted for Grand Designs 


 

If you go down to Highgate Wood today you're sure of a big surprise. On a leafy lane just behind the Tube station it looks as if a spaceship has docked in north London, wedged in between the houses on either side. The curved, steel-grey hull seems to float above the pavement, while a sloping metal gangway allows passengers on and off the vessel.

This is the home of Mike Russum, an architect, and his partner Sally Cox. It has been longlisted for the Royal Institute of British Architects (Riba) House of the Year award, which is the subject of a four-part series on Channel 4; the winner will be announced in the final episode on Nov 28.

It's the sort of house that makes people stop and stare. "If I see someone standing outside looking, I invite them in and give them a tour," says Russum.

The couple were living in nearby Highbury when they both inherited some money and decided to build their own home. Plots are in very short supply in the area, so when this one came up – originally the side garden of one of the neighbouring houses – they put in a successful bid of £276,000 at auction.

That was in 2006. It took the best part of a decade – via planning hold-ups (it took two years and an appeal to get permission), neighbours' objections and construction delays to finish the job.

The tiny plot, just 22ft wide, dictated the shape of the house. "We had to have a parking place at the front, so to compensate we extended the upper floors out towards the pavement, which gives it the appearance of a vessel in dock," says Russum. The whole of the upper two floors was constructed in a factory and the pieces craned into position. The lower section, built from grey engineered bricks infilled with concrete and supported by steel beams, acts as a plinth for the upper storeys.

If I see someone standing outside looking, I invite them in and give them a tour"I like houses to be a series of unfolding surprises," says Russum. The first is Sally's study on the upper ground floor, with a glazed back wall that opens on to a full-width terrace overlooking the garden and trees beyond. Sally, a retired interior designer, creates designs for her wood sculptures here.

They had to dig into the hillside of the sloping plot to create their fourstorey home. Two en suite bedrooms are "below decks", on the lower ground floor, and the main bedroom is flooded with morning light from sliding doors that lead straight on to the garden.

The nautical theme spreads through the house, with design details such as steel wiring along the stair balustrades and a porthole window in the cloakroom. The wow factor really kicks in when you emerge into the main double-height living area, suffused with light from both ends. On the street side, the stairs continue up to full-height glass doors opening on to a roof terrace, but the garden side has the pièce de résistance.
A floating conservatory is suspended above the living space; it has a circular yellow floor and a curved blue structure that is part seating and part planter filled with tropical foliage. The glazing curves up into a dome ceiling, with views over gardens, trees and the city.

"It's like sitting in a tree canopy up here," says Russum. "It's a great place to come for a sundowner, and at night you can see the moon very clearly. This is a small house – 1,345 sq ft – but I wanted the main living space to be as grand as possible, so we devoted the two upper floors to open-plan living and made it double height."

The furniture in this space is bespoke, designed by Birds Portchmouth Russum, Russum's firm, with ideas from Sally. A window seat curves against the wall, as does the sleek white kitchen, and hidden storage is incorporated neatly throughout the house. The bench near the front door doubles as a storage box and an ice bucket is built into a side cupboard.
"This is a great house for summer parties, everyone spreads out onto the terraces and up into the conservatory," says Russum. The final outdoor space is a balcony jutting out from the living space, suspended over the garden like the prow of a ship.
"We call that the Kate Winslet balcony," says Cox, "as in Titanic."


Rising Rental Income

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Published: 25/10/2017   Last Updated: 25/10/2017 15:51:24   Tags: Landlord, Tenant, News, Rental Market, Property, Income

Rental income continues to rise,

 despite increase in supply


THE underlying strength of the rental market has been emphasised once more by new statistics that show rental prices are continuing to rise, despite more property stock becoming available to tenants. 

  Rightmove’s most recent Rental Price Tracker shows asking rents outside London in the second quarter of 2017 were 2.8 per cent up on the previous quarter. While some may expect a rise in rents to be at least partially a result of low supply, the opposite was in fact true with property availability up by seven per cent in comparison with Q2 in 2016. 


Wood Green is the new Shoreditch?

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Published: 28/09/2017   Last Updated: 28/09/2017 15:47:27   Tags: Wood Green, Art, North London, News, Info, Property, Rent


Blue House Yard
A unique creative hub in the heart of Wood Green

Blue House Yard is a redevelopment and re-imagining of an empty and underused site a few minutes from Wood Green station.High Street Works in partnership with London Borough of Haringey will transform the site into a place for local creatives, entrepreneurs and residents for the meanwhile use period of 5 years.
The redevelopment will create both private space for rent and a new public space for meeting friends, discovering events and interacting with local designer makers.




Broad Walk

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Published: 26/09/2017   Last Updated: 28/09/2017 15:37:23   Tags: Property, Lettings, Sales, House, London, Info, Mansion

BROAD WALK
Detached Mansion
8 Bedrooms & 10 Bathrooms
Enquire on 0208 800 1155 or info@paul-simon.co.uk



Haringey - Biggest annual house price gains

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Published: 01/08/2017   Last Updated: 15/08/2017 09:20:54   Tags: London, Haringey, Property, House Price, Landlord, News


London house prices:

Haringey enjoys biggest annual house price gains while Islington named the biggest faller


Sales of London homes to the end of April were 29 per cent lower than the same period last year, according to Your Move’s latest England and Wales house price index.
House prices in the capital continued to rise, up 2.7 per cent in the year to April 2017, but this is the second lowest annual rise seen in London since March 2012. The average house price in London at the end of April stood at £615,838, up 0.1 per cent on the month before.

Haringey was named the best performing borough, with house prices up 12.5 per cent annually thanks to an increase in prices of flats. In contrast, Islington was the worst performer with house prices down 10.4 per cent following a surge in sales of terraced houses ahead of the three per cent stamp duty surcharge on second homes introduced last year.
The index also found that prime property in the capital registered strong growth on an annual basis.

Kensington and Chelsea, where average prices stand at £1.9m, enjoyed annual growth of 8.8 per cent while house prices in the the City of Westminster rose by 9.7 per cent. Meanwhile, the City of London saw the biggest monthly increase up 9.6 per cent to £998,709.

Meanwhile, average house prices in England and Wales during May reached new peak of £303,200 despite "General Election uncertainty", Your Move said.
Transactions in the north east (up 10 per cent), North West (six per cent), Yorkshire and Humberside (seven per cent), East Midlands (four per cent), West Midlands (six per cent) and Wales (13 per cent) are all higher in the three months to the end of April 2017 than the same period in 2015.

Meanwhile, transactions in greater London and the south east are down by 19 per cent and seven per cent respectively.
Oliver Blake, managing director of Your Move and Reeds Rains estate agents, said: “There was a lot of talk about housing from the parties in their election manifestos, it’s now time for those words to be put into action.
“The market remains resilient and there’s encouraging activity in the north, but we need to urgently address the serious blockages in house building holding back labour mobility and economic competitiveness in too many areas of the country.”

RANKLONDON BOROUGHApr-16 (£)Mar-17 (£)Apr-17(£)Monthly changeAnnual change
1KENSINGTON AND CHELSEA£1.83m£1.95m£1.99m2.1 per cent8.8 per cent
2CITY OF WESTMINSTER£1.62m£1.75m£1.77m1.1 per cent9.7 per cent
3CAMDEN£1.03m£1,03m£1.07m3.5 per cent3.5 per cent
4CITY OF LONDON£978,300£911,046£998,7099.6 per cent2.1 per cent
5HAMMERSMITH AND FULHAM£924,728£870,635£850,121-2.4 per cent-8.1 per cent
6RICHMOND UPON THAMES£787,671£759,416£768,3011.2 per cent-2.5 per cent
7WANDSWORTH£779,290£776,782£765,262-1.5 per cent-1.8 per cent
8ISLINGTON£793,998£726,011£711,374-2 per cent-10.4 per cent
9BARNET£638,817£649,619£672,4273.5 per cent5.3 per cent
10HARINGEY£574,186£647,189£645,872-0.2 per cent12.5 per cent
11MERTON£628,355£625,435£641,7542.6 per cent2.1 per cent
12SOUTHWARK£646,663£652,751£623,206-4.5 per cent-3.6 per cent
13LAMBETH£593,444£599,002£598,081-0.2 per cent0.8 per cent
14BRENT£550,006£569,111£583,6122.5 per cent6.1 per cent
15HACKNEY£592,321£577,075£571,739-0.9 per cent-3.5 per cent
16EALING£527,086£562,858£558,959-0.7 per cent6 per cent
17KINGSTON UPON THAMES£565,193£536,596£538,0360.3 per cent-4.8 per cent
18HOUNSLOW£507,108£527,306£535,5691.6 per cent5.6 per cent
19HARROW£495,212£539,875£528,555-2.1 per cent6.7 per cent
20TOWER HAMLETS£485,493£541,603£521,627-3.7 per cent7.4 per cent
21BROMLEY£469,537£486,981£493,6601.4 per cent5.1 per cent
22ENFIELD£444,711£469,098£472,2200.7 per cent6.2 per cent
23HILLINGDON£450,907£462,411£462,014-0.1 per cent2.5 per cent
24WALTHAM FOREST£434,126£455,296£452,757-0.6 per cent4.3 per cent
25LEWISHAM£447,725£451,719£451,8380.0 per cent0.9 per cent
26REDBRIDGE£420,450£445,638£449,0660.8 per cent6.8 per cent
27GREENWICH£439,019£431,684£420,661-2.6 per cent-4.2 per cent
28SUTTON£398,310£399,118£404,9361.5 per cent1.7 per cent
29CROYDON£377,330£397,070£393,490-0.9 per cent4.3 per cent
30HAVERING£352,493£375,895£377,2910.4 per cent7 per cent
31NEWHAM£361,310£373,505£365,573-2.1 per cent1.2 per cent
32BEXLEY£338,756£353,308£352,643-0.2 per cent4.1 per cent
33BARKING AND DAGENHAM£289,577£297,827£298,2240.1 per cent3 per cent

ALL LONDON599,661614,971615,8380.1 per cent2.7 per cent





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