Posts Tagged ‘property’

January house prices are 1.9% higher than a year ago

Posted by John King

January saw house prices across the UK up by 1.9% on the same time last year and up 1.4% on December, according to figures from the Nationwide Building Society.

The Nationwide, one of the UK?s leading lenders, said prices reached a 14-month high as the so-called ?Boris bounce? brought post-election confidence to the housing market.

In its report, the building society points to other signs of revival, including the highest increase in the number of mortgages approved by Britain?s high street banks in five years.

According to Robert Gardner, Nationwide?s chief economist: ?Healthy labour market conditions and low borrowing costs appear to be offsetting the drag from the uncertain economic outlook. January?s pickup comes after a whole year of annual house price gains below 1%.?

Meanwhile data from property portal Zoopla shows that annual house price growth in the UK?s 20 biggest cities has hit a two-year high, thanks to a surge in demand for properties. London saw 1.9% growth, the fastest since 2017.

Among the economists forecasting growth in house prices this year is Samuel Tombs, the chief UK economist at Pantheon Macroeconomics, who said: ?Indicators of demand at the very start of the homebuying process are red-hot.

?We think the pickup in demand can be sustained this year by the continuation of low mortgage rates and solid wage growth, driving prices up by about 4%.?

The discrepancy in house prices between London and elsewhere has narrowed by 20% since the Brexit vote, according to research published by the Resolution Foundation.

Read more about this story in The Guardian.

Tips for First-time Buyers – What is the difference between exchange and completion?

Posted by John King

If you have just had an offer accepted on your dream home, you might be breathing a sigh of relief. But don?t relax too much – there are a few more legal hurdles before the place is truly yours.

Anyone new to buying property might be confused by the process. So, if you?ve been wondering about the difference between exchange and completion, we explain what happens when you buy a home and what you need to do to keep things ticking along.

 

What is the difference between exchange and completion?

Put simply, exchange and completion are the two big stages in the house buying process.

Exchange of contracts is the point at which the buyer and seller?s solicitors or conveyancers do just that – exchange the signed contracts they have drawn up for they clients.

The buyer will also pay a deposit to the seller – usually 10% of the purchase price. At this point, the sale becomes legally binding and neither party can pull out without serious penalties. The solicitors will also agree a completion date.

Completion is the final point in the process, when legal ownership of the property is transferred to the buyer, the balance of the sale price is paid, they keys are handed over and the place is legally yours.

 

What needs to happen before I exchange contracts?

If you are buying property, the first thing you need to do after your offer is accepted is to appoint a solicitor or conveyancer, to act for you in the sale. They will get to work on the necessary property searches and paperwork to prepare for the sale.

It might feel like not much is happening at this stage. You can help speed things up by being proactive and communicative – the quicker you are at responding to queries, the faster the sale might go through.

The key things you need to do to get to the point of exchange are:
? Commission a professional survey of the property you are buying.
? Get a written mortgage offer.
? Check the terms of the contract, the lease (if a leasehold property), the results of the searches and any other relevant documents carefully and ask your solicitor about anything you are not sure of.
? Sign the contract and any other documentation and return it to your solicitor immediately.

Put your solicitor in funds for the deposit that has to be paid.

 

What happens at exchange?

Once all the paperwork is complete, the buyer and seller will sign identical contract documents and the exchange will take place. This will usually happen over the phone with both solicitors dating the signed contracts then mailing them to one another. If you are in a chain, each party in the chain will exchange at the same time. At this point the sale becomes legally binding and the exchange deposit is paid.

A completion date will also be set – usually this will be two to four weeks from exchange, although it is possible to complete on the same day, or much later. If there is no chain, you will have more flexibility around a completion date.

When exchange has happened, you are committed to buying the property. Should you wish to pull out now, for any reason, you are likely to lose your deposit and may be liable for other costs incurred by the seller – they may also sue you.

Once you have exchanged contracts, you should begin finalising your house move, confirming with the removal company and getting on with your packing. You should also contact the relevant companies to arrange to take over the utilities.

 

What happens at completion?

Once lawyers on both sides have completed their final checks, your solicitor will request any mortgage advance from your lender and transfer the balance of the purchase price into the seller?s solicitor?s bank account in return for the signed deed transferring the property to you. You will receive a phone call when the sale has completed and can collect the keys to your new home from the estate agent.

More than half of sales in England complete on a Friday – popular because it gives buyers the weekend to get the house organised and unpack. However, choosing a mid-week day can be beneficial if there is a delay for any reason – lenders will be open to sort out any issues, avoiding the risk of your being homeless over the weekend!
What happens next?

It is likely that you will owe stamp duty on the property. This is usually paid by your solicitor on your behalf, having collected the amount due from you in advance. Your ownership of the property is then registered by your solicitor at the land Registry.

If you are selling, It is worth organising all the paperwork for your sale as soon as you decide to move, including mortgage information, correspondence with solicitors, energy performance certificate guarantees and if applicable, service charge accounts, so it is easily found if needed.

If you are thinking of buying or selling property in the Wimbledon area, we?d be happy to help you through the steps you will need to take, and show you our current selection of properties. Contact us to find out more today.

 

What are the Minimum Energy Efficiency Standards?

Posted by John King

Making homes more energy efficient is vital if the UK is to meet its commitment to cutting carbon emissions and helping to halt climate change. For landlords, ensuring properties are well insulated and installed with energy saving measures is important too ? to give tenants a warm and comfortable home with reasonable energy bills.

This year, however, energy efficiency is about more than good practice ? it is a legal necessity. The government?s domestic Minimum Energy Efficiency Standard (MEES) regulations enforce energy efficiency in the rental sector. The regulations apply to all domestic privately rented properties with assured shorthold tenancies.

 

What do the MEES regulations say?

Under the regulations, since April 2018 all new tenancies must achieve an Energy Performance Certificate (EPC) rating of at least E. An EPC rates how energy efficient a property is on a scale of A to G, with A being highest. Any property, which has been sold, let or modified since 2008 is legally required to have an EPC.

As well as giving the property an energy efficiency rating, the EPC also sets out measures you can take to improve your score. You need to have an EPC inspection carried out every 10 years.

Under the law, landlords are not allowed to grant a new tenancy for any property rated F or G ? they must take steps to improve its energy efficiency first. From April this year, all existing tenancies must also achieve an energy rating of E or greater.

In other words,

  • If the tenancy started before 1 April 2018, you have until 1 April 2020 to improve the rating of your property to an E, if you plan to keep letting it.
  • If you plan to enter into a new tenancy before 1 April 2020, you must ensure you meet the standard before the new tenancy is signed.
  • If the tenancy started after 1 April 2018, you must take action immediately to make sure the property reaches an E rating.

If your property is currently rated F or G, and you have made energy efficient improvements since your last EPC assessment was carried out ? if you have had a new boiler or double glazing fitted for example – it is advisable to get a new EPC certificate, as you may not be affected by the MEES regulations.

 

How do I pay for improvements?

The government has introduced a cost cap on energy efficient improvements, meaning you should never need to spend more than ?3,500 (including VAT). There are three funding options open to you:

  1. Third party funding ? grants and payments may be available to landlords to help them make energy efficient improvements. These include grants from local authorities and the Energy Company Obligation, funded by energy companies. Find out more on the government website. The cap doesn?t apply to improvements which are funded by third parties.
  2. A combination of third-party funding and self-funding – if you receive some funding but it is not enough to bring your property up to standard, you may need to top it up with your own money.
  3. Self-funding ? if you aren?t eligible for any external grants you will need to pay for the improvements yourself. If it costs less than the ?3,500 cap to improve your property, you will only need to spend as much as it takes to achieve an E rating.

 

What if the improvements cost more than ?3,500?

If you cannot improve your property to EPC E for ?3,500, you should make all the improvements you can up to that amount, then register for an ?all improvements made? exemption. Find out more about this on the government website.

There are various other exemptions, which you may be eligible for too ? for example a wall insulation exemption can be used if fitting this type of energy efficiency measure would have a detrimental effect on your property.

Most exemptions last for five years, after which you will need to try again to bring your property up to standard or register for another exemption.

 

Should I invest in energy efficiency?

If the improvements will cost you more than ?3,500, and you can afford to make them, it may be advisable to go ahead regardless of whether you could have obtained an exemption. Regulations are likely to become increasingly stringent over time and it may cost you more to complete the improvements later.

The government has committed to improving energy performance standards of privately rented homes in England and Wales, with the aim of seeing as many as possible being upgraded to a B or C rating by 2030.

Energy efficiency improvements could have numerous other benefits for your property, from avoiding problems with damp, to attracting tenants and making it easier to sell if you wish to.

 

What can I do to improve my property?s energy efficiency?

Examples of energy efficient measures that will improve your property?s rating include installing floor insulation, switching to low energy lighting, adding double glazing, increasing loft insulation and changing to a modern heating system. Adding renewable energy sources such as solar panels or ground source heating can really boost an EPC score too.

If you are a landlord with property in Wimbledon, we would be happy to advise you about the many aspects of letting homes. Please contact us today to find out more.

General Election 2019 – what do the parties say about the property sector?

Posted by John King

As Britain enters the final week before the general election polls open on 12 December, competition for every seat if fierce.

In Labour?s general election manifesto, Jeremy Corbyn promises to ?transform? the UK with an ambitious set of pledges. For the Conservatives, underlying every policy announcement is Boris Johnson?s promise to ?get Brexit done.? And Jo Swinson?s Liberal Democrats want to ?stop Brexit? and ?build a brighter future.?

But what do the three main parties say about housing? From reforms for renters to housebuilding and energy efficiency, we break down some manifesto pledges that concern the property sector.

Housebuilding

The Conservatives say they will build at least a million more homes over the next parliament in an effort to reach their existing, 300,000 homes a year, target by the mid-2020s.

The Liberal Democrats also make pledges around this figure – they will build 300,000 homes per year by 2024, including 100,000 social housing units.

Labour announced a ?75 billion programme to build 150,000 council or housing association homes a year, with 50,000 being ?genuinely affordable? based on local incomes.

Landlords and tenants

The Conservatives will follow through on their pledge to end Section 21 no-fault evictions. The party also wants to introduce ?lifetime deposits?, where tenants transfer their deposit from one property to another.

The Liberal Democrats want mandatory licensing of landlords and longer tenancies, of 3+ years. They would also introduce a Help to Rent scheme, providing government-backed tenancy deposit loans for first-time renters under 30.

Labour would introduce rent controls, capped by inflation and end no-fault evictions by creating open-ended tenancies.

Homebuyers

Labour wants to reform the Help to Buy scheme, increasing its focus on first-time buyers on ordinary incomes. The Conservatives will introduce ?lifetime? fixed-rate mortgages, with a 5% deposit.

There are no proposed changes to stamp duty for ordinary buyers. But all three manifestos address non-UK residents buying homes in the UK. Boris Johnson has pledged a stamp duty surcharge of 3% and Labour would add a 20% surcharge for foreign companies buying here.

Energy efficiency

The Liberal Democrats would launch a programme to insulate all of Britain?s homes by 2030, cutting both emissions and fuel bills.

Labour has announced a ?new green deal?, creating one million jobs to tackle climate change. Among its pledges is a promise to upgrade 27 million homes to the highest energy-efficiency standard.

The Conservatives say that homes will be made more energy efficient, with ?9.2 billion to be spent on insulation, and similar measures for schools and hospitals.

Read a quick guide to each party?s pledges in the Guardian.

What to do about bats in your rafters

Posted by John King

Increasingly, bats are choosing to roost in residential properties ? old and new ? as the number of traditional woodland habitats has fallen. As creatures of habit, they will often return to the same spot time and again.

Wimbledon Common is home to several bat species. While living nearby means that nature really is on your doorstep, if you find the bats have moved closer to your home than you might like, what should you do?

Firstly, it is important to remember that it is rare for bats to cause damage to a home. You may not even notice they are there, especially during the winter months when they are less active, seeking refuge from the weather in roofs and outbuildings while they rear their young.

The problem comes if you wish to sell or renovate your property, as bats are a protected species under UK law. Jack Parker, of Cornerstone Barristers explained: “The legal protection afforded to bats means that it is not only a criminal offence to kill a bat, you also commit an offence if you ?disturb? a bat [for example, by interfering with its habitat] or if you damage or destroy a bat’s roost [where they rest and breed].”

If you are selling a property with bats, you must inform your potential buyers. Withholding this information could lead to a claim for compensation later on ? if the buyers are unable to renovate the property as they would have liked, for example.

The other issue comes if you wish to carry out building work, as celebrities including musician Noel Gallagher and radio presenter Kelly Brook have recently found.

Having bats doesn?t necessarily mean your renovation plans will be permanently scuppered. Kelly Brook applied to build two bat boxes in the chimney of her Kent home, following an ecology survey, which found long-eared and pipistrelle bats living in the roof.

According to Jack Parker: “Various measures can be used to avoid any impact on bats, such as carrying out work at certain times of year when bats aren’t present; by incorporating bat roosts into the development in question, or by making sure that artificial lighting is designed in a way which does not affect bats.

“Work which would disturb bats may only be carried out with a licence, which will only be granted in exceptional circumstances.?

Read more about this story in the Evening Standard Homes & Property and Property Reporter. For more about bats, visit bats.org.uk .

The Problem with Japanese Knotweed

Posted by John King

I recently attended a conference at which Richard Snape, a nationally renowned property expert and Consultant and Professional Support Lawyer with Davitt Jones Bould Solicitors, was one of the speakers. Part of his lecture, the substance of which I share here, concerned the issues around Japanese Knotweed. The plant was imported into the UK via Swansea back in the 18th Century. Its use was to reduce landslide but it spread across the counties and over the past 100 years its growth has been quite significant.

Japanese knotweed is a notifiable substance and it is illegal to cause it to be propagated in the wild. Local authorities can take action against property owners, both under the Wildlife and Countryside Act 1981 by the issue of remediation notices and charges for its removal, and under the Anti-Social Behaviour, Crime & Policing Act 2014. That piece of legislation gives the local authority power to serve Community Protection Notices on property owners who fail to control their Knotweed.

The presence or otherwise of Japanese knotweed has, therefore become a routine enquiry raised by solicitors during property transactions, not least because it constitutes a contamination substance and infestation of land.

Richard Snape highlighted the problems around knotweed when it comes to a sale. The standard enquiry that is asked as to whether the property is affected by Japanese Knotweed allows the response of ?Yes?, ?No? or ?Don?t Know?. Richard warned: ??No? would be a statement of fact and potentially actionable. ?Don?t Know? may be a representation that attempts have been made to investigate. Moreover, the property may be affected by Japanese Knotweed if it is within the neighbourhood. It is suggested that response should be made clear that there has been no attempt to find it.?

There has been some recent litigation involving Japanes knotweed, where claimants have succeeded in recovering damages. In Williams & Waistell v Rail Infrastructure Limited, landowners were awarded damages of ?10,000 for lost development potential and possible future damage to property plus ?5,000 for remedial work. In Ryb v Conway Consultants damages of ?50,000 were awarded against a surveyor who failed to identify the presence of Japanese knotweed in a garden ? a lesson to my own profession!

Still, it?s not all bad news. Although Japanese Knotweed is not one of your ?5 a day? vegetables, it has been known to be used in the making of gin and apparently, the result is rather good. If you are looking for professional advice on a particular property problem, whether residential or commercial, we would be happy to have a conversation with you to see if we can help. Contact us today!

What is a protected lease?

Posted by John King

Many business premises are rented on protected tenancies. This offers tenants security of tenure. It means that, in most cases, landlords are obliged to renew the lease when it expires on terms, which are not significantly less favourable than before. Find out what you need to know about protected leases for commercial premises.

Why are commercial leases protected?

If you are running a business, you need the security of knowing that you can continue trading from your premises, even if your lease is close to expiring. You may have been operating for some time from a location that suits you, your customers and suppliers and where you are known well. Having to pack up your business and move premises could be as detrimental to your company as it is inconvenient.

Fortunately, as a business owner, the law in England is one your side. Under the Landlord and Tenant Act 1954 Part II business leases are protected. This means that most commercial tenants have a statutory right to have their tenancies renewed on expiry.

If you are not able to come to agreeable terms with your landlord, the law gives you the right to apply to the courts to set the new lease terms including a fair market rent based on expert advice.

 

Can a landlord refuse to grant a new lease?

Under the 1954 Act, a landlord can only refuse to grant a new lease to a tenant, who wishes to remain in occupation, on certain grounds. The principal ones are:

? Where a tenant has failed to pay their rent or keep to other conditions of the lease.

? If a landlord wants the property back for his own use or to redevelop it.

? If the landlord offers to provide suitable alternative premises.

? If the property has been divided into smaller, sub-let units and the landlord wishes to let the property as a whole.

Usually, the terms of the new lease can be agreed between landlord and tenant without the need for court proceedings which can be costly.

 

Are there other exceptions?

The landlord and tenant can agree to contract out of a protected lease, if the tenant is willing to do so. In this case, there are certain formalities that need to be complied with.

This situation is most common where the lease relates to part of a building or where the landlord is unsure of his plans and wishes to ensure that he is able to regain possession of

the property without having to pay compensation or establish one of the grounds set out in the Act and avoid potential dispute.

 

What happens at the end of the lease term?

At the end of the term specified in the lease document, the lease continues until either the landlord or the tenant takes steps to end or renew It, which can be done once the lease has no more than12 months left to run. If neither party takes any action, the lease simply continues until either takes the appropriate steps. Whether the landlord or tenant wishes to take action will depend not only on individual circumstances but also strategically on whether rents for similar properties are increasing or decreasing, which makes advice from a surveyor experienced in commercial property so necessary.

 

How do I renew the lease on my business premises?

Once your lease has no more than 12 months left to run, you can serve what is known as a section 26 notice on your landlord, giving not more than 12 nor less than 6 months notice that you require a new lease. This is in a form prescribed by the legislation and includes details of the amount of rent and the length of the new lease you propose. Your landlord has two months to dispute the granting of the new lease, under one of the statutory grounds, or he may suggest alternative terms for a renewal of the lease. If agreement cannot be reached before the proposed renewal date, the matter has to be referred to the court.

 

What can a landlord do?

Once the lease has no more than 12 months left to run, a landlord can bring it to an end by serving a Section 25 notice under the Act using a prescribed form. This gives no more than 12 nor less than 6 months notice of either the fact that the landlord is willing to grant a new lease including his proposals for the length of the new term and the rent or that he is not willing to grant a new term and on which of the statutory grounds he relies. If the landlord opposes the grant of a new lease and the Tenant disputes this, or terms for a new lease cannot be agreed, an application will need to be made to the court.

If a landlord refuses to renew the lease on one of the grounds which is no fault of the tenant ? to occupy the property themselves, for example rather than because of a failure to pay rent, then the tenant may be entitled to compensation.

 

How can I find out more?

Renewing a business lease is a complex area and anyone contemplating the process should get professional advice. One of the team of Chartered Surveyors in our Commercial Department would be happy to provide this. Please also contact us to discuss your requirements if you would like help finding commercial premises within the local and surrounding areas.

 

Contact Us

If you have any questions about a protected lease, we would be happy to answer them, please contact us today.

Is Help to Buy costing new homeowners more?

Posted by John King

The government?s Help to Buy scheme was launched in 2013 to boost housebuilding and help generation rent onto the housing ladder. However, new research shows that people using scheme may actually be paying a premium – and that they may have been able to get on the housing ladder without it.

Conveyancing firm Reallymoving analysed data from 40,000 first-time buyers over the year to September 2019. The researched showed that those using Help to Buy, paid on average 10% more than those who funded their purchases without the scheme. The figure in London was higher at almost 12%, however, in Yorkshire and the West Midlands it was more than 21%.

The study follows the release of figures from housebuilder, Barratt, which revealed that 40% of its business comes from Help to Buy customers.

New builds generally attract a premium price and can subsequently lose value, meaning that first-time buyers using the scheme are at risk of negative equity.

Critics also believe that the popularity of Help to Buy has led developers to inflate prices and that the scheme could have a negative impact on the overall housing market.

Reallymoving chief executive Rob Houghton said: ?Most first-time buyers find it difficult to raise a deposit and as a consequence they are being cornered into the new-build sector, where homes already command higher prices, before paying an additional premium on top if they need to use a Help to Buy Equity Loan.

?In many cases they simply don?t have the deposit required to explore other options such as buying a second-hand home, which may offer considerably better value.?

How help to buy works

Opening a Help to Buy ISA means the government will add 25% to the amount saved, up to a maximum of ?3,000 on savings of ?12,000, if used as a deposit on a first home.

The deposit can be used to buy a property using a Help to Buy: Equity Loan, where the government lends 40% of the cost of a new-build home in London (or 20% elsewhere). The loan is interest free for five years. A Help to Buy: Shared Ownership scheme allows the purchaser to buy a share of the home (between 25% and 75%) and pay rent on the remainder.

Applications for a Help to Buy ISAs close on 30 November this year, and prospective homeowners have been encouraged to open an account now, to ensure they can take advantage of the scheme ? including by Money Saving Expert founder, Martin Lewis.

Read more about this story in The Stylist.

Homeowners warned of property fraud increase

Posted by John King

In her 2018 bestseller, Our House, Louise Candlish describes the moment when a woman realises an imposter is moving into her London home ? and appears to own it. While the book centres around the twists of an elaborate blackmail plot, losing your home to fraud is a real, if small, possibility in 2019.

Research on the website Property Investor Today has revealed that since 2005 property fraud claims submitted to the Land Registry totalled ?73.3 million, averaging out at ?107,669 per scam. This contrasts to the more common, and heavily publicised, online financial scams, which set the average victim back by ?600.

Alarmingly, with so much at stake, property fraud can be quite simple to carry out. Details of ownership of properties in England and Wales can be sourced online and recent cases have involved fraudsters using the homeowner?s identity to secure a mortgage. In other examples, scammers have impersonated the homeowner to have deeds transferred to their name.

Other forms of property fraud include mortgage scams involving fake sellers and holiday homes advertised as properties for sale. So-called ?Friday afternoon scams? are also common ? with many property transactions taking place on a Friday, hackers intercept solicitors? emails, sending their own bank details to buyers instead.

According to the HomeOwners Alliance, these types of fraud are on the increase. ?Unfortunately, the value of successful frauds of property sales have more than tripled ? from ?7 million in 2013 to ?25 million in 2017,? says chief executive, Paula Higgins.

?Email and IT systems (especially those of conveyancers) are being attacked continuously. Scammers are becoming more sophisticated ? fake emails can now be very hard to spot, and people may find themselves caught out, especially when under the stress of buying a home.?

If you are concerned about property fraud, register for free email property alerts from the Land Registry. Using the service means you will be alerted of any attempted activity regarding the deeds of your house.

In addition, for a ?40 fee, homeowners can opt to put a restriction on the title deed of their property, stopping the Land Registry from registering a sale or mortgage unless a conveyancer certifies the application is genuine.

For more information about property fraud visit the gov.uk and the HomeOwners Alliance websites.

Why location is the key to successful buy-to-let investing

Posted by John King

We all know location counts when you are looking to buy a family home, but the same is true if you are buying to let. If you are looking in South West London, Wimbledon is a good choice as it will undoubtedly always be popular with tenants.

Wimbledon?s appeal lies in its versatility. Living in Wimbledon gives you all the amenities of the town centre with the rural feel of the village close by. Plus, there are amazing transport links to central London and beyond, as well as plenty of outstanding schools in the state and independent sectors.

Wherever you decide to invest in a buy-to-let property, location is key. As a landlord you?ll be looking for high rental yields, minimal void periods and for your property to gain in value over time. Choosing the best location for your budget can help you achieve this, so before you commit to a property think carefully about how attractive it will be to tenants.

It makes sense to have your ideal tenant in mind when deciding on a location. If your budget will only stretch to smaller apartments, your target market probably isn?t families, where more space is a priority.

If you are looking at young professionals, you?ll probably want a flat that?s close to amenities and night life as well as handy for good transport links. You might also want to consider whether it?s close to a local employer ? Wimbledon is close to St George?s Hospital and medical school, for example.

You should do plenty of research about who lives in the area and the average rents they pay. This will help you get a good idea of whether you?ll achieve the return on investment you?re looking for.

To help you decide if a location is right for your buy-to-let project, look at our local area guides. Then use our checklist of what to look out for when choosing your investment.

 

1. Avoid traffic hotspots

Go back a street from the main road – quieter streets with less traffic may hold their value better and are more attractive to tenants.

 

2. Look to the future

Do your research on any planned regeneration schemes in the area and think about the impact on the property you?re considering, good and bad. Will the plans bring better transport links and upgraded facilities, or mean noisy works for years to come that will deter renters?

 

3. How are the schools?

Families are drawn to areas like Wimbledon because of their proximity to good schools. Houses close to outstanding state schools will be popular with renters and retain their value ? as long as the schools remain high-performing and popular. If you?re targeting families, do your research into popular schools and where people need to live to secure a place.

 

4. What are the main attractions?

Look at properties with good amenities close by. Attractive parks, bars, restaurants and shops can all make a place appealing to tenants. Wimbledon is well served in this respect, with the common and Wimbledon Park, plus numerous other open spaces. The area also has plenty to do, including New Wimbledon Theatre and a range of amazing places to eat in both the town and village.

Factors like a corner shop or mini supermarket, neighbourhood pub and coffee shop can also give a particular street the edge.

 

5. How is the transport?

This is a crucial one, especially for city professionals looking for an easy commute. Wimbledon may have been planned with commuters in mind, so well is it served for transport, with frequent trains into London Waterloo, Vauxhall and Clapham Junction as well as access to the District Line, Tram, Thameslink and Northern Line services.

 

If you are considering purchasing a buy-to-let property in the Wimbledon area, we?d be happy to discuss the merits different parts of the area and show you some great properties. Contact us today to find out more.

24 High Street,
Wimbledon Village,
London SW19 5DX

Tel: +44 (0)20 8971 6780
Fax: +44 (0)20 8946 3683