BERMONDSEY - Ajay Ahuja

Area:	Bermondsey
Catergory:	B
Postcode:	SE16
In Congestion Zone:	No – 0.3 miles outside.
Parking and Traffic:	Permits & Meters. Odd places free. No significant traffic trouble spots.
Ethnicity Bias:	None
Investor Profile	Pension, Business, Cash&Equity, University
Crime:	Violence		Sexual		Burglary		Motor
Per 1000 population	33		2		14		12
Yield Range:	6.8% - 11.4%
Price Ranges	Low £	Hi £		Low £pw	Hi £pw	Low		Hi
Studio flat	115,000	185,000		150	295	6.8%		8.3%
1 bed flat	125,000	260,000		210	490	8.7%		9.8%
2 bed flat	150,000	290,000		260	1,100	9.0%		9.0%
2 bed house	175,000	300,000		325	525	9.1%		9.7%
3 bed house	200,000	380,000		440	700	9.6%		11.4%
Valuations above the London average by:	-6.4% (£226,282)
	Actual				London Average
Capital growth last 12 months:	27.0%				19%
Capital growth last 48 months:	91.0%				89%
Tube:	Bermondsey Jubilee Line (Zone 2) – 3 mins to London Bridge and 9 mins to Westminster
Demand For Letting:	Good
Average void period:	6 days
	Total (out of 10)			Capital Growth (out of 5)		Yield (out of 5)
Out of 10:	8			4		4
Summary:	Offering both strong yields and potential growth which is unique. One of the few areas that has the ability to deliver big returns from both angles.
Sought After Streets:	Mill Street, Jamaica Road and Bermondsey Wall East.
Description:	This used to be a horrible place. About 10 years ago the area looked like a scene out of a gangster movie. There are still places like that but the area has cleaned up a lot. The area serves Canary Wharf and the city and is linked by the relatively new tube station. There are plenty of developments occurring in this area and there is a respectable cluster of shops and restaurants at nearby Shad Thames. These areas are highly sought after by the young professionals who work in the city. This has led to both property and rental prices rising in proportion with each other hence the decent yields of nearly 10% in some areas. I think these young professionals do not mind taking the risk in living in these ex-gangster type of areas as they get a lot more for their money. Tenant demand will be strong if our financial economy is strong as this area relies on jobs being provided by Canary Wharf and the city. Currently the state of the financial economy seems good for at least the next 12 months but be aware this can change quite rapidly. In the last 6 years the number of jobs in London have grown by 17% but we are heavily linked to the US economy so it pays to keep abreast of what’s going on across the Atlantic.
Estate Agents:	Name		Address		Tel		Web
	Williams Lynch		90 Bermondsey Street, London, SE1 3UB		020 7407 4100		www.williamslynch.co.uk
	Daniel Cobb		82-84 Bermondsey Street, London, SE1 3UD		020 7357 0026		www.danielcobb.co.uk
	Acorn Estate Agents		118 Bermondsey Street, London, SE1 3TX		020 7089 6565
	Kalmars Residential		Bermondsey House, 165 Bermondsey Street, London, SE1 3UW		020 7940 7980
Letting Agents:	Name		Address		Tel		Web
	Daniel Cobb		82-84 Bermondsey Street, London, SE1 3UD		020 7357 0026		www.danielcobb.co.uk
	The County Hall Letting Co		Spice Quay, 34 Shad Thames, London, SE1 2YG		020 7234 0666		www.countyhall.co.uk
	Property Liaisons of London Ltd		1 Wapping Wall, Wapping, London, E1 3ST		020 7680 0222		www.propertyliaisons.co.uk
	Chesterton Residential		220 Tower Bridge Road, London, SE1 2UP		020 7357 6911		www.chesterton.co.uk

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