PIMLICO - Ajay Ahuja

Area:	Pimlico
Catergory:	A
Postcode:	SW1
In Congestion Zone:	No – 0.5 miles outside.
Parking and Traffic:	Permits & Meters. No significant traffic trouble spots.
Ethnicity Bias:	None
Investor Profile	Pension, Business, Cash&Equity, University & Retirement.
Crime:	Violence		Sexual		Burglary		Motor
Per 1000 population	36		3		10		6
Yield Range:	5.5% - 8.7%
Price Ranges	Low £	Hi £		Low £pw	Hi £pw	Low		Hi
Studio flat	125,000	195,000		210	265	7.1%		8.7%
1 bed flat	195,000	360,000		260	425	6.1%		6.9%
2 bed flat	220,000	490,000		325	620	6.6%		7.7%
2 bed house	400,000	650,000		425	905	5.5%		7.2%
3 bed house	475,000	900,000		535	1050	5.9%		6.1%
Valuations above the London average by:	83.7% (£444,317)
	Actual				London Average
Capital growth last 12 months:	-16.4%				19%
Capital growth last 48 months:	52.0%				89%
Tube:	Pimlico Victoria Lines (Zone 1) – 5 mins to Victoria Station
Demand For Letting:	Good
Average void period:	5 days
	Total (out of 10)			Capital Growth (out of 5)		Yield (out of 5)
Out of 10:	6			4		2
Summary:	An unlikely area to offer good yields and good long term capital growth.
Sought After Streets:	Clarendon Street, Vauxhall Bridge Road and Cambridge Street.
Description:	Relatively quiet roads are a great feature of this area. Beautiful large white terraces with pillars line these quiet roads (called stucco terraces). I lived here for 3 months while I was at university and to be honest I didn’t really enjoy it much as there was nothing to do – and this is good! The fact that it isn’t much fun for a 20 year old university student is a credit to the area. Its so damn quiet and this is why its popular with affluent, mature renters. Pimlico is the cheap alternative to Belgravia but it will soon give Belgravia a run for its money. There are many riverside development plans on the Grosvenor Road and surrounding. Its worth taking a drive and contacting the developers to buy some properties off plan – but be careful, set a yield requirement and get at least a 10% discount on the suggested purchase price. The rents achieved are strong hence the yields are okay. I imagine a dip in prices but no crash. As you can see from the figures above they have already dropped by over 16% in the last 12 months. This year it might not be so savage but I do not suspect rental values to fall. Expect to get 9% yield or greater at the latter part of 2003.
Estate Agents:	Name		Address		Tel		Web
	Aldine Honey & Co		25 Eccleston Square, Pimlico, London, SW1V 1NS		020 7834 4901		www.aldinehoney.co.uk
	Topcrown Services Limited		71 Cumberland Street, Pimlico, London, SW1V 4ND		020 7931 8895
	Douglas & Gordon		67-68 Warwick Square, Pimlico, London, SW1V 2AR		020 7963 4600
	Dauntons		8, Denbigh St Pimlico London SW1V 2ER		020 7834 8000		www.dauntons.co.uk
	Kinleigh Folkard & Hayward		15, Sussex St Pimlico London SW1V 4RR		020 7821 0001
	Halifax Estate Agents		33, Moreton St Pimlico London SW1V 2NZ		020 7834 8340
Letting Agents:	Name		Address		Tel		Web
	Dauntons Residential		8 Denbigh Street, Pimlico, London, SW1V 2ER		020 7834 8000		www.dauntons.co.uk
	Hamptons International		50 Belgrave Road, London, SW1V 1RQ		020 7834 7316		www.hamptons.co.uk
	Douglas & Gordon		67-68 Warwick Square, London, SW1V 2AR		020 7931 8300		www.douglasandgordon.com
	Aldine Honey & Co		25 Eccleston Square, London, SW1V 1NS		020 7834 4901		www.aldinehoney.co.uk
	Chesterton Residential				020 7834 9998		www.chesterton.co.uk
	Kinleigh Folkard & Hayward		15 Sussex Street, Pimlico, London, SW1V 4RR		020 7834 3636		www.kfh.co.uk
	Jackson-Stops & Staff		16 Sussex Street, London, SW1V 4RW		020 7931 8300		www.douglasandgordon.com
	Moreton Property Management Services Ltd		72 Rochester Row, London, SW1P 1JU		020 7932 0101		www.moretons.co.uk

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