NW6 Property with Planning Permission For Sale

West Hampstead Site With Planning Permission

West Cottages
West End Lane
West Hampstead
London
NW6

Net Saleable: 4585 sq/ft*

£ 875,000
Freehold

A cleared site, formally occupied by an office building, located within a sought-after area of North West London, benefitting for planning permission for the development of 4 apartments.

The property is located just off West End Lane, West Hampstead, within the London Borough of Camden. The immediate area is made up of a mix of residential and commercial uses, with West Hampstead underground station within walking distance, along with a fashionable mix of shops, bars cafes and restaurants.

Planning permission has been approved subject to a Section 106 Agreement for the erection of a part 2-storey and part 3 storey building comprising 4 self-contained apartments (3x3 beds & 1x2beds)

West Hampstead Property for Sale

Interest in High End London Property for Sale or Rent

High end property sales and rentals in London saw increased interest at the start of the year due to owners trying to avoid the new five per cent stamp duty, Knight Frank has stated.

Liam Bailey, head of residential research at the property market firm, commented that March saw some improvement in the housing market, with more people "forcing deals through" last month.

"There was no doubt that the winter was pretty weak - December, January and February were all fairly down on last year. The market has really been subdued from last summer, so it did have somewhere to grow and the market has been a little bit better over the last two months," he pointed out.

In addition, confidence about interest rates appears to have improved, Mr Bailey argued."The perception about two months ago was that rates would rise pretty rapidly and that hasn't been the case. If anything, there is the feeling that we might even escape a rate rise this year," he added.

Mr Bailey's comments follow research from the National Association of Estate Agents recording a surge in the level of demand for property across the country in March 2011.

London Property Market News

Home Builders Federation See Positive Future for New Build.

More new build properties could be on the way because of increased demand for homes, the Home Builders Federation has suggested.

Steve Turner, head of communications at the organisation, commented that the outlook for the future is "more positive" because of the pent-up demand generated by two years of difficulties in the property market.

"First time buyers have found it very difficult to enter the market, but transaction levels across the property market have generally been low. We know that there is a pent-up demand that at some point needs to be, or will be, released," he explained.

Mr Turner went on to say that the government's Firstbuy Direct policy, which was announced in last month's Budget, is "good news" because it will help improve the market for first time property buyers, but added that the lack of UK mortgage offers is still a "significant constraint".

His comments come after research from the Office for National Statistics found the volume of construction output increased by 8.6 per cent in February this year compared with the previous month.

New Build Development News

The Royal Wedding and London's Celebrity Postcodes

Recent property blogs and articles have focussed on the impact celebrity connections may have on and business and the price of property. There has been a boost to Anglesey tourist industry since Prince William and Kate Middleton visited the local Spar and started having pub lunches, while the Prince is based in North Wales.

While Royal attendance and future support for St Andrews University will have greatly increased the interest in that establishment, it can be argued that interest would have reached its peak the year that Prince William applied to study there.

Conjecture has been rife about the impact on Berkshires tourist industry since the announcement of the Royal wedding since this is the county which produced the next Princess of Wales; a Hampshire-based coach company Mortons is making the most of Berkshire's future princess. It has organised a Kate Middleton Country tour, taking in previous homes, schools and the church where she was christened.

The BBC reported that the average cost of a three-bedroom detached home in Bucklebury is £600,000, and it is not expected that house prices will be affected by the royal connection. Likewise the price of property in celebrity rich Hampstead is unlikely to be affected by the fact that Keats lived nearby. However, local business and service industries do.

“We are not quite in the realms of Hollywood tours of the homes of the stars, but there is a tourist industry of sorts” said Paramount Properties Managing Director Mark Grieg;” The blue plaques of English heritage marking where Keats, Constable or Betchemin lived are of interest, and of course film locations; the borough of Camden has a rich cinematic history and is one of the busiest film boroughs in London. Hampstead Heath and the view from over London from Parliament Hill have been used nearly as often as Big Ben in recent movies.”

Pick up any magazine with a celebrity spotting section, and Hampstead is sure to be pictured. Whether it be Kate Moss and Sadie Frost going for lunch, Jamie Oliver pushing a buggy or James Corden having a picnic, Hampstead or its immediate neighbours will be the location. Snappy Snaps in West Hampstead experienced the best free advertising campaign when George Michael mounted the curb and smashed into the front door.

Hampstead is a long established choice of residence for those who can afford to live there; the intelligentsia, writers and artists live side by side with a healthy smattering of young, upwardly mobiles and enough celebrities’ faces to keep Hampstead firmly at the fore front of fashionable addresses. Local delicatessen, bars and restaurants may prosper from the celebrity connection but property prices will not feel the impact.

The fact that Alexa Chung and Alex Turner live in Bethnal Green, and that Keira Knightley has made a new property purchase in Shoreditch simply reinforces what we already knew; these areas of East London have long been known recognised as trendy, up and coming areas of London.

London Property News

London House Prices Rise by 2.2%

London house prices are almost double the average amount seen for properties in England and Wales.

Research from an estate agency revealed the price of an average London property is around 1.94 times that of an average home outside of the capital, with the city recording a 0.2 per cent rise between February and March this year.

It was the only region in England to see a house price rise.

Robert Bartlett, chief executive of the organisation that carried out the research, noted: "What also sets London out from the rest of the crowd is the fact that house prices were higher in March 2011 than they were in March 2010.

"Over the year, house prices in London have risen by 2.2%, compared to a comparatively steep annual decline throughout the rest of the country," he explained.

The typical price of a home in London is, at £338,583, minus 3.9 per cent below the highest ever price recorded for the city as a whole, Mr Bartlett added.

London House Price News

London's Luxury Property Market Retains Its Position in Property Market Survey

London and New York have retained their leading positions in the luxury Property market survey carried out by Knight Frank. Paris and San Francisco were the biggest losers, sinking from third to ninth and 16th to 20th, respectively.

The Knight Frank surveys are based on the conclusions of a panel of experts who consider the cities "in terms of their importance to HNWIs," or high net-worth individuals. The agency has been compiling its surveys annually since 2008.

The survey noted that Russians were the most active buyers of luxury property in London until two years ago, but now rank fourth in that category, behind buyers from China, Hong Kong and Malaysia.

However the survey agency notes a general eastward shift in ranking that is expected to gain momentum rapidly. While seven of the top 10 cities in the 2011 survey are located in Western Europe, North America or Australia, another survey, called "Attitudes," focused on the future potential of the world's top cities, has only four non-Asian cities in its top 10 for 2020.

North London Leasehold Flat for Sale, Willesden Green

Flat for Sale Willesden Green

Willesden Green
Walm Lane
London
Greater London
NW2

GIA: 1029 sq/ft*

£ 250,000
Leasehold

Lease length: 165 years

Walm Lane is a pleasant residential area close to the shops, bars and restaurants of Willesden Green. Willesden Green Underground Station is also within walking distance.

With its own private front entrance above commercial premises the flat is situated on the first and second floor.

The property is light, spacious and comprises a reception room, kitchen and three good-sized bedrooms and would make an ideal rental investment to add to your portfolio.

London Residential Property above Commercial Premises

Mill Hill Freehold Property For Sale With Planning

Freehold Property for Sale

Watford Way
Mill Hill
London
NW7

£ 1,250,000 Freehold


The property is located 8 Miles north of Central London and at the end of a local parade of shops on the busy A41. There is Parking immediately outside the shop at the front and there is access to the back via a rear service road.

The existing property comprises the commercial shop on three levels (ground, first and second) and there are 3 x 2bed maisonettes above with rear access off a terraced walkway on the first floor level.

Planning has been approved to divide each of the maisonettes into self contained flats and for the existing loft space to be converted into a 2 bedroom loft flat. Building regulation drawing have been prepared and submitted and a builders quote for the construction works have been obtained.

Triple ground floor commercial unit is let to Hearing, Health and Mobility Ltd 15 years from May 2010 at a current rent of £35,000 pa. There is a fixed increase to £37,500 on 10th May 2012 and a review there after 10th May 2015 to market rent. CAPITAL VALUE OF THIS INVESTMENT £450.000

Upper Parts has a proposed approved scheme to divide the existing duplex maisonettes above into 2 self contained flats (5 x1beds and 1 x studio). Also to add a large 2 bed lateral loft conversion.

PROPOSED RE-SALES ARE:
3x Smaller 1 beds approx 424 sq ft @ £180,000 each = £540,000
2x larger 1 bed approx 484 sq ft @195 each = £450,000
1x 2bed approx loft 626 sq ft = £260,000

TOTAL RESALES PLUS CAPITAL VALE OF INVESTMENT = £1.8m

We are advised that the build costs are an anticipated total of £220,000.

Entire property for sale freehold for £1.25m or the residential uppers can be bought on a 999 year lease for £850,000.

North London Investment Property for Sale

UK Property Market On Plateau for The Rest Of 2011

There is no sign yet of the UK property market pulling out of the doldrums, says the Royal Institution of Chartered Surveyors (Rics), reports the BBC.

Its latest monthly survey for March shows sales and prices were generally flat, while interest from would-be buyers was declining.The survey results chime with those of other recent property surveys.

However, Rics said there were big regional differences, with London very different to the rest of the UK."The rather negative outlook for property prices across the UK seems to better reflect the general economy than the micro climate of London," said Rics housing spokesperson, Ian Perry.

"The low level of buyer interest in many parts of the UK continues to impact on the market, resulting in some downward pressure on prices.

"With the prospect of forthcoming interest rate rises and continued shortage of mortgage funding, it seems that overall recovery for the national housing market is still some way off," he added.

Central London Property for Sale; Freehold Mayfair Investment Property

Mayfair Investment Property for Sale

Upper Brook Street
Mayfair
London
W1K

Existing: 2800 sq/ft*

£ 4,150,000
Freehold

This freehold property is located on Upper Brook Street and is situated between Central Londons largest Royal Park, Hyde Park, and the public space of Grosvenor Square.

Some of the finest restaurants, shops and hotels in the world can be found on your door step.

The house is arranged over basement, ground and three upper floors with planning permission to add an additional floor to create over 3,000sq.ft of residential accommodation.

Currently being used as an office the house is in need of refurbishment.

London Residential Property for Sale, Mayfair

Freehold Pub for Sale Southwark SE5

London Pub for Sale, Southwark SE5

Greendale (Oriwu Spot)
Wanley Road
Southwark
London
SE5

Gross Site Area: 11157 sq/ft*

£ 250,000 + VAT Freehold


Public house/development land for sale with full vacant possession. Unconditional offers are invited for our clients unencumbered interest.

The property represents excellent value for continued licensed use / owner occupation. There is also enormous potential for redevelopment (residential / commercial / mixed use) subject to gaining the appropriate Local Authority consents.

Approx ground floor foot plate: 2,549 sq ft*

Greendale Pub for Sale Southwark SE5

Royal Wedding.Pub Menus Roled Out

Licensees and managed pubs are running a range of food offers to drive trade around the royal wedding.

The Morning Advertiser reports that Marstons Inns & Taverns is running a Royal Wedding menu in its Milestone pubs until 10 May.It features themed dishes including sea bass princess; steak Royale; Willams pear and goats' cheese salad and chicken Windsor.

M&B brand Nicholsons is offering a Royal Celebration menu until 3 May.Dishes include beef and vintage ale pie and summer pudding and costs £15 for two-courses and a glass of Pimms Royale.

At freehold the Five Bells at Colne Engaine, Essex, the wedding day offer includes breakfast baps from 10am and big screens to show the wedding.If customers come dressed as a bride or groom they get a free breakfast.

Peach Pub the One Elm in Stratford is hosting a British afternoon tea party with fizz on arrival, screenings of the wedding and kids activities and a 'Crowns and Tiaras Party Night'.

Brunning & Price pubs are offering a Best of British menu from April 22 to 2 May.
At the Exhibition in Godmanchester a Royal Wedding Garden Party is being hosted with with live music, barbecue and a bouncy castle.

At the Inn at Farnborough offers include Champagne Happy Hours from 6 pm to 9pm. The Cricketers at Redbourn is offering afternoon tea with Kir Royale.

London Freehold Property for Sale, London Pub for Sale

Freehold Pub for Sale

Sir Alexander Fleming
Bouverie Place
London
Greater London
W2

GIA: 5000 sq/ft*

£ 2,000,000 Freehold

The Sir Alexander Fleming is located on Bouverie Place and is a short walk from Paddington & Edgware Road Stations.

This freehouse pub benefits from outside seating on a private terrace and serves wines, beers, spirits and traditional pub food.

Approimately 5,000 sq.ft on four floors.

In addition to the above are 8 double letting rooms whith a current income in excess of £60,000 p.a.

The vendor advises that the weekly trade is approximately £7,000 per week on wet/food sales. This does not include machine income or income from the letting rooms

Alexander Fleming Freehold Pub for Sale, London

New Build Development News: Demand 'is still out there'

Demand for new build properties is still out there, according to the Home Builders Federation.

Steve Turner, head of communications at the organisation, noted: "A lot of the things we have seen have shown that visitor levels and reservations on site have been up in the past few months.

"That is not to say that we are not still severely constrained by the lack of mortgage availability, but we do know that demand is out there," he noted.

Figures from the Markit/CIPS Construction Purchasing Managers' Index revealed activity in the construction sector in March expanded, with a seasonally adjusted index posting of 56.4.

Mr Turner said the figures are reflective of the construction industry's situation since January "and must be a reflection of the demand that has been constrained over the past year or so, when there has been a very tough environment for both builders and house buyers".

New Build Development News

Demand For Freehold Residential Property Increases

Demand for high end property sales and rentals in London has increased in the last few months, according to an industry expert.

Nigel Ellis commented: "The mood is better. Whereas people were holding back a bit and wondering whether prices were going to fall, I think everyone has come to terms in London that the prices are here to stay."

He insisted that housebuyers will not get a bargain if they continue to wait for another year because of the increase of enquiries in the London property market."There is more coming on, there is more activity generally and it is all fairly healthy activity," Mr Ellis added.

His comments come after Buying Solution revealed sales of luxury residences in London - those valued at between £1 million and £3 million - accounted for over three-quarters (78 per cent) of total property transactions in central London in the last year.

London Housing Market News

Royal Wedding and A Late Easter Impact on Prime London Property

Those interested in high end property sales and rentals have been warned that the prime London property market is currently "cutthroat".

Property expert Ed Mead commented that certain parts of the city are experiencing "astronomical" house prices while "everybody else [is] struggling".

The issue of prime central London property has been highlighted at the moment "by the fact that a lot of people are waiting until May", because of the late Easter and upcoming royal wedding.

"At the moment it looks like supply will increase by not a lot possibly in May or early summer," said Mr Mead."It is not a particularly good market for anybody at the moment."

His comments come after Buying Solution research showed prices for high end properties in London have risen by around ten per cent since the start of 2011, with demand growing for homes worth between £1 million and £3 million in particular.

London Housing Market News

While owners of property in need of restoration might want to carry out improvements by themselves, it could affect the future value of their home if they make a mistake.This is the advice from Andrew Leech, director at the National Home Improvement Council, who noted any major DIY projects in the home should be logged for future reference.

"You have also got to be careful that you are quite competent at doing these jobs because some of these things like electricity and gas require specialists," he pointed out.

"If you have done things on heating or electricity, when the solicitor asks for details of the improvements that you have made, he or she may also ask for certificates to show that you have made these improvements; if you haven't got certificates, then you won't sell the house."

Meanwhile, figures from Nationwide show London house prices and those in other parts of the country rose 0.5 per cent on average in March.

Property Repossession News

Freehold Studio Flats Become More Popular

Small flats and houses for sale in Hampstead, London, and other parts of the country might attract more attention from buyers in the coming months.According to Jane Marr, company director at the Little House Company, one-bedroom flats and studios are set to see increased demand.

"Across the UK it seems the demand will be for flats and studio apartments as first time buyers manage to finally get a foothold on the market. Investors not keen to overstretch themselves may also seek these types of property," she pointed out.

"It is this type of first time buyer properties that we all need to [see] start moving to help breathe life back into the housing market."

Ms Marr also insisted that starter homes will be sought by those who have been waiting to move on from their flats builds.

Her comments come after research from HSBC revealed that 78 per cent of non-homeowners aspire to become first time property buyers.

London Estate Agents News

East London Commercial Property for Sale

Commercial Property for Sale London E5

Lea Bridge Road
London
Greater London
E5

NIA: 1744 sq/ft*

£ 200,000 Leasehold

Prominently situated fronting onto Lea Bridge Road a short distance from the Clapton Roundabout junction with Lower Clapton Road and Upper Clapton Road.

The building is adjacent to North Millfields Recreation Ground and within close proximity to Hackney Central and other local facilities giving good access to the A12, A406 North Circular Road and M11.

Clapton Station (services from Chingford, Walthamstow to Liverpool Street) is within
easy walking distance.

Forming part of a new mixed use development with the commercial accommodation
arranged over lower ground and ground floors.

Both floors will provide flexible open plan accommodation. To the rear of the ground
floor there will be break out space and external storage.

The building has D1 (Nursery/Creche) use although could be available for a number
of alternative uses within this category and others subject to obtaining the relevant
planning consent.

The site is currently under construction and will be completed in October 2011.

London Investment Property for Sale

London Pub For Sale With Full Planning Consent

London Property with Planning for Sale

Resolute
Poplar High Street
London
Greater London
E14

Net Saleable: 6463 sq/ft*

£ 850,000 Freehold

Public house for sale with full planning consent for the demolition of the existing building and construction of a contemporary new-build scheme to provide a retail/restaurant unit at ground floor level and 7 luxury flats above.

The site is situation on the corner of Poplar High Street and Harrow Lane close to a number of similiar mixed use schemes. It is located within short walking distance of Poplar DLR Station and only a stones throw to Canary Wharf.

The proposed scheme with provide a mixture of one, two and three bedroom flats and a ground floor restaurant of 1878 sq.ft. The total net saleable residential accommodation is 4,585 sq.ft.

Offers are invited for our clients unencumbered freehold interest.

London Investment Property for Sale

London Prime Property Appeals to Foreign Investors

Overseas tenants for London properties are most likely to purchase prime residencies in the centre of the capital, according to an expert.

Ed Mead, director of a London property agency, said the only premises that are currently recording a value increase are those that appeal to international buyers.

"If you have got a very nice property in a street that is appealing to foreigners, then you are going to be getting a price which is well in excess of where the peak was three and a half years ago," he explained.

"It is good news if you own a property which is in a very desirable location which is appealing to international buyers."Mr Mead pointed out that supply of desirable property is at an all-time low while demand is high, which has led to a two-tier market.

His comments come in light of figures released by Savills showing that the prime central London residential market saw its sixth consecutive quarter of growth, with values rising by 2.8 per cent since the beginning of this year.

Residential Landlords News

London Underground Property Refurbishment for Pub Use

A London entrepreneur is attempting to secure funds to reopen disused underground stations for a variety of businesses including pubs and bars.Ajit Chambers, the businessman behind the scheme, believes the forgotten stations and tunnels can be revitalised by opening up new businesses.

Chambers, who has set up The Old London Underground Company, is confident of raising the money for the refurbishment of 26 disused stations.

The idea also has the blessing of Mayor of London Boris Johnson, who said: “This guy has a brilliant plan to open up disused underground stations. My pledge to you is that we will do it if it doesn’t cost a penny of tax payers’ money.”

Stations that could be reopened for businesses include Aldwych, which opened in 1907 and is commonly used for filming; South Kentish Town, which has been closed since 1924 and already hosts a sauna and massage parlour; and Euston, which is still a working station, but with a network of closed off tunnels, platforms and a ticket hall deep underground.