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Buying a property in Enfield

Buying a Property in Enfield

One of the desirable parts of Enfield is River View, a picturesque street of charming terrace houses

The fringes of North London are dotted with dozens of family friendly, if unexciting suburban areas, but Enfield’s just a little bit different. Although it is not really described as edgy or hip, this town certainly has a few surprises up its sleeve and is held in great affection by those who have chosen to make it their home.

Enfield is only a half an hour journey away from the City and West End. Trains run from Enfield town to Liverpool Street and from Gordon Hill and Enfield Chase to Moorgate and King’s Cross. Alternatively, first time property buyers can pick up the Victoria line at Seven Sisters or Finsbury Park for speedy access to Oxford Circus. All three of Enfields stations are in zone 5, and an annual travelcard into Zone 1 will cost you £1,992. Road connections are even better with the M25 to the north and the A10 to the east.

One of Enfield’s greatest assets is its open space. It has a wide number of parks and landscaped gardens throughout, including a 160 acre Forty Hall Park, which includes woodland, informal and walled gardens and an ornamental lake dating back to the 18th century.

Enfield is also blessed with some fantastic historical pubs as well. These include The King and Tinker, the Crown and Horseshoes, in a picturesque riverside setting, and the 17th century Pied Bull, renowned for its tasty Sunday roasts.

Unlike many suburbs, which are packed with 1930’s built homes, Enfield has an impressive selection of period properties. The elegant Georgian houses in Gentleman’s Row in the town centre, rarely come onto the market, and there are plenty of Victorian and Edwardian houses in and around Bush Hill.

Quite a few homebuyers in this area are families moving up the A10 corridor from areas such as Edmonton and Tottenham for the schools. Older homes to buy are located on the western side of Enfield and the cheaper east has more 1930’s and ex council houses. In the east you’ll pay from £120,000 for a one bed and from £150,000 for two beds. In the west this will be £160,000 for a one bed and from £180,000 for two. Three bed Victorian terraced houses for sale start at just over £300,000, so it’s no wonder upsizers from Muswell hill are laughing. For those home buyers looking for a new build there are one and two bedroom apartments in Enfield Central, close to Enfield Town Station. Prices start at £177,000, and much interest is anticipated from investors as well as owner occupiers. Across Enfield, landlords can expect good returns, with one bed flats renting from £750 per month and two beds from £900.

If you need professional help finding your desired property type in your chosen area you should employ the services of a professional buying agent to do the work for you. These types of companies can substantially increase your chances of finding your dream property and also remove the hassle, cost and risk of going it alone. The UK’s leading property buying agent and most widely used can be found with Propsavvy and can revolutionise your buying experience. Buy Property in Enfield today!

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Why Dalston is a good area to buy a property

Buy property in DalstonGentrification is a slow process. It takes most areas ten to twenty years to make the transition from down trodden to desirable, and sometimes even longer. Dalston though is an exception to this rule and seems to have somehow fast tracked. In the space of about four or five years, it has become extremely cool and a great hub for arty types who can’t afford Clerkenwell, Shoreditch or Hoxton for home buyers.

Dalston is centred around the high street, specifically Kingsland Road, which runs south to Shoreditch and North to Stoke Newington, and where grubby shops and pubs have given way to trendy bars, cafes, clubs and boutiques. Some of the cash funded from the Olympics has created a new railway station – Dalston Junction – on the East London line, and trains run frequently to West Croydon and Crystal Palace via Canada Water and Surrey Quays.

Connections to the City, West End and Canary Wharf are already good: the Jubilee line, Victoria line and DLR can all be picked up within a few stops – and they’re about to get even better. The area’s other station, Dalston Kingsland, is on the North London line, linking Stratford and Richmond, and there are numerous buses. Dalston is in Zone 2, and an annual Travelcard into Zone 1 costs £1,168.

At the heart of the regeneration scheme sits Dalston Square, a huge development featuring a public square, shops, restaurants, a library and archives as well as the well renowned station.

Most of Dalston’s housing is somewhat older – a typical inner city mix of Victorian and ex local authority properties, plus a smattering of Georgian buildings. The spacious 19th century houses in the streets of Kingsland Road were long ago converted into flats, and home buyers after period family houses head to the conversation areas in pricey London Fields or De Beauvoir Town. These houses have remained the same but other aspects of Dalston have changed enormously.

Dalston’s upturn is reflected in property prices. A one bed period flat starts at around £270,000 and two beds range from £350,000 to more than £600,000. People who live on the N1 side want to say and announce they live in Dalston, whereas in the past they would have called it Islington. The areas trendiness is reflected in the letting market too. One bedroom flats start at around £1,000 per month, so there’s something in the area for all, even if you are on a budget.

If you are looking to buy property in Dalston or need more information on Dalston properties, you can contact Propsavvy, the leading property buying agents.

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Top 10 tips when purchasing a Buy-to-Let Property

purchasing a buy-to-letHere are just a few tips to help you if you are thinking of purchasing a buy-to-let, courtesy of Propsavvy.com

Research Location

Research thoroughly in a location before even deciding to invest.  Check for local amenities, transport links, schools and more. These factors will all have an effect on the value and rental demand for your property

Define Tenant Profile

Think about what type of tenant you are looking for to reside in your UK property (family, young professionals, students) and present the property according to this type. There is no point producing a five star quality home when the local rental market requires student accommodation – you’ll be wasting your time and money. If your property is classed as a HMO (House in Multiple Occupation), make sure the property has a licence to operate from the local council.

Talk to a broker

Some buy to let mortgages are not available direct so get a complete picture of the finance available, consider using an independent specialist broker that has access to the whole market. They will have the necessary experience to match your borrowing needs. Make sure you use a broker that is part of the National Association of Commercial Finance Brokers.

Monitor buy-to-let rates

Monitor market rates and compare them to yours. Look to see if switching to another rate makes more financial sense. Make sure you are getting the best deal possible.

Maintain your property

Weigh up the pros and cons of maintain your property yourself or paying a letting agent to do it for you. If managing yourself you need to consider whether you have the right skills and contacts to make sure things are done quickly and efficiently.

Check your tenant

Undertake credit reference checks on new tenants. Tenant referencing checks can cost as little as £10 per person. You should also ask for an employee reference.

Protect tenant’s deposit

You must, by law, protect tenants deposit via a deposit protection scheme. Failure to protect the deposit could result in you having to compensate the tenant up to 3 times that of the deposit.

Claim Landlord Insurance

Landlord insurance is designed specifically for rental properties and covers circumstances not covered by normal household insurance. If you own multiple UK properties you could save money using an insurer that will provide cover for all properties on a single policy.

Keep Records

Keep accurate records for each UK property you own. Create a simple spread sheet or if you have a number of properties you could hire a bookkeeper.

Become Accredited

You can get support from your local council, many of which offer accreditation schemes to help landlords protect tenants interests.

Hopefully this helps you when purchasing a buy to let property. If you need any more help please contact Propsavvy for further information on this and other BMV property.

 

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Investing in Real Estate – Can they help you grow your dollars and earn good profit?

Are you interested in real estate investment? Do you know that investing in this market will help you grow your money very fast and earn good profit? There are definitely several pros and cons associated with real estate investment. You will have to gather sufficient knowledge about the real estate market before you decide to invest your hard-earned money here. Since this kind of investment requires good amount of cash, many people cannot afford to invest in this sector. In a real estate investment, the investor purchases a property by checking its present value and the profit it can bring in the future.

4 Tips for Investing in Real Estate         Investing in Real Estate

Read on to know about the 4 tips you need to know for real estate investment:

  • Start by making small investment – You can buy a house to keep it as investment even when you already have one. This will help you start your business with little investment. It’s advisable that you do not purchase many properties at a time when you’re making small investment. This is because if the price of real estate falls suddenly, you may have to face loss in investment.
  • Begin from your own place – It is a wise decision to start real estate investment from your own place where you are well-known. It is very common that people like to purchase real estate from a known person. So, it’s important that you have good reputation in your place. This, in turn, will help you get more customers and increase your high chance of earning profits.
  • Try to invest more money – You will require more money if you’re planning to go for real estate investment. Make it a point to check out your financial condition properly before investing in real estate. In this way, you’ll be able to make more money by investing in real estate.
  • Do not make cheap investment – The real estate investors often commit the mistake of buying cheap property with the hope that it’ll bring them good profit in return. It’s advisable that you do not purchase inexpensive property. Before purchasing any property, find out whether or not it will fulfill your exact requirement. In case you buy cheap property for the sake of money, it can be the most valuable property for you if it does not bring you any profit in future.

Make it a point to gather proper education on real estate investment when you decide to purchase property. Try to build good and healthy relationship with the real estate agents within your area. This way, you will be able to invest in the right property and make good profit with it in future.

About the Author:

This guest post was contributed by the guest blogger, Shannon Williams.

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Smart Ways to Invest in Real Estate

Purchasing valuable property is one of the secure ways to invest money. These days, there is a tremendous growth in real estate industry as more people are investing their money in real estate business. One of the major reasons for investing in real estate is change in price rates. The prices of these estates are growing very high, where people who have invested in it are able to earn huge profits in return. If you are looking for a smart investment for future security then invest in real estate.

Smart ways to invest in real estate:

  • Budget: Organise your budget effectively. Analyse the amount that you can spend in real estate. Based on your budget, research on the internet or shop around to find best deals.
  • Do a survey: You need to do a survey to find the best real estate agents who can minimise your risks. Through survey you can find the false and authorised agents. Take smart decisions before approaching a particular agent. For instance, try taking advice from your friends or relatives to find the best local dealer.
  • Location: Location matters a lot. As you’re investing a hefty amount in property, select the best location which can ultimately bring profits in the long run. For example, some may look for the place that supports eco-friendly environment and well connected with the public transportation.
  • Real estate agent: Select the best real estate agent. You can ask your broker to show properties and their rents respectively. Also find the number of investors who have already took his advice. If possible, speak to those customers and get their feedback. Ensure that your agent has a well-connected team which includes property managers, mortgage brokers, home inspectors, accountants, lawyers, insurance adviser etc.
  • Property manager: If you have purchased more than five rental units, consult a property manager. The Property manager helps in proper maintenance of your home and can bring renters. But you need to give some percentage of amounts, probably 10% of your rental amount to these managers.
  • Have an agreement: Partnership agreement can balance future conflicts because you may not know how life turns out to be after you sign a legal agreement in beforehand. Investing with others can be a smart option.
  • Eliminate certain activities: After making a successful plan, find the areas where you can save your time and money. For example, if your goal is to make five offers per week then try to cut down your entertainment time, chatting with friends etc. Doing these little sacrifices, you can gain a lot in future.
  • Increase your home value: There are many advantages of investing in real estates. Be active and find different ways to increase your home value. For instance, painting home, fixing plumbing and other issues can increase home value. You can identify hidden or upcoming expenses by taking the help of home inspectors. Never ignore home inspection which reveals hidden problems. Try to take smart decision after home inspection.

Follow these simple tips and make a smart investment. It is must to insure your property to safeguard it from unexpected situations. While taking real estate loans or personal loans, consider payment protection insurance(PPI Claims) policy to protect its monthly payments. You can also compensate refund on this policy using ppi claims when you met eligibility criteria as disclosed in the agreement..

About the Author:

This guest post was contributed by Leo, financial guest blogger from Manchester, UK. Find out more about her finance related blogs at financeport

 

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Property the Best Long Term Investment – in Past, Present and Future

If you were to look at the rich list for the past 10 years and study the occupations of the majority of the top fifty individuals listed you would find that they all have something in common & that would be property.

Property is and will always be the single best long term investment, you can ever invest in. If you have any plans about financially protecting your future or really generate wealth for yourself & family property must be at the top of your investments list.                                          

Historically every 5- 7 years property doubles in price now this is not a new thing this has been happening for the last fifty years, now compared to any other investment whether it be stocks & shares, gold, diamonds, insurance, mutual funds etc. when compared over any long term period property will clearly outperform.

Believe it or not building a property portfolio in a property slump is far easier to do than in a property boom. Why I hear you ask while property prices are at historic lows it has never been a better time to buy than right now today.
Low property prices allow individuals who once had little to no chance of getting on the ladder, a real chance to stand up and take their very first step. Savvy Investors have never had it so good with so many fantastic property deals available to them with the added bonus of cheap finance many people who I come in to contact with just can’t stop buying.

So what is the difference between a savvy investor & you why is it that they can buy multiple properties every single month on end building their property portfolio, while for many owner property is nothing more than a dream.
The single most important thing to any serious property investor is their power team, look at like this if you were are a football coach your power team would be the players who play on the field, each player and the position that they play is vital to whether you succeed or fail.

A property investor power team is just the same it is made of professional individuals, companies or groups that each specializes in area of property which is vital for your deals as an investor. Your power team should consist of solicitors, mortgage brokers, financial advisors, accountants, tax specialist, property sourcers, property finders, lawyers, builders, handy men, architects, funders, estate agents, letting agents, & more. These are people that will ultimately make or break your deals, so choosing the right people is vital to your success, choosing right could give you an endless supply of fantastic deals & have all the right finance & knowledge you need to execute in buying property in UK.

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Finally there seems to be real help for first time buyers!

For many potential homeowners one of the biggest stumbling blocks they face when attempting to buy property is not the actual mortgage itself, it is in fact the huge deposit which banks are currently requiring from all potential clients to insure that their investment is protected.  

We are all too aware of the current financial mess that many solid financial institutions like banks are currently facing and believe it or not things are due to get a lot worse before they get better. With the 100% mortgage none existent banks are now trying to recoup their losses & secure any future investments by making budding new home owners pay out tens of thousands of pounds in deposit fees alone.

Let’s be a little more accurate the average UK property price is 220k, currently most homeowners will need at least a 15- 20% deposit to buy, let’s be positive & take the lesser value of a 15% deposit which in this case will equate to a whopping £33,000.00 this will automatically rule out a lot of people.

Buying a property in London at 220k has other associated costs involved such as stamp duty which in this case would be £2,200, legal fees (solicitors fees) which varies upon the service & the searches you require to be done however you are most likely to pay around £800- £1000 and finally you may have to pay a valuation fee depending on the mortgage lender you have gone to which could cost you around £300 in this case.

In this example before you have even began to turn your new house in to your new home you would have already paid out £36,300.00 in costs alone not to mention your new mortgage cost for the next 25- 30 years of whatever amount you agreed, at current mortgage rates you may be looking at around £1200 per month as your new mortgage cost.

For many people in full time employment the £1200 per month mortgage cost is easily affordable especially when you consider joint incomes, however putting a heavy deposit is just not possible for most people. This leaves many people who want to buy their dream home stuck looking for options which in the long run are likely to put them in an even worse position.

Buying your first or a new home is one of the single biggest things that you will ever do in your life so it is vital that it is done correctly. You must insure that buying your home has not stretched your finances to thin & one way to make sure that does not happen is by having all your fees covered.

No matter what location you are looking for buying property in UK or the type of property you require through a simple creative finance facility, you will be able to own your dream home or multiple investments without having to raid your savings, and gain from tens of thousands in instant equity.

My name is Alex Bailey& I am professional property Entrepreneur and one of the leading experts on making savvy property investments. Aligning yourself with an expert buying agents like myself specialising in PPS investment ultimately allows you to buy multiple properties earning you thousands in instant cash and tens of thousands in instant equity without having to spend the traditional fees associated with a BMV property purchase. If you would like to know more about buying agents and savvy investments benefiting from saving up to 75% in the traditional fees associated with a property purchases: http://propsavvy.com