ELEPHANT & CASTLE - Ajay Ahuja

Area:	Elephant & Castle
Catergory:	A
Postcode:	SE11, SE17
In Congestion Zone:	Yes.
Parking and Traffic:	Permits & Meters. All around the shopping centre gets congested.
Ethnicity Bias:	Afro Caribbean, African & Asian
Investor Profile	Pension, Business, Cash&Equity, University
Crime:	Violence		Sexual		Burglary		Motor
Per 1000 population	30		2		20		11
Yield Range:	5.6% - 16.3%
Price Ranges	Low £	Hi £		Low £pw	Hi £pw	Low		Hi
Studio flat	120,000	220,000		150	295	6.5%		7.0%
1 bed flat	125,000	325,000		210	490	7.8%		8.7%
2 bed flat	170,000	350,000		260	1,100	8.0%		16.3%
2 bed house	185,000	550,000		325	525	5.0%		9.1%
3 bed house	200,000	650,000		440	700	5.6%		11.4%
Valuations above the London average by:	23.4% (£298,400)
	Actual				London Average
Capital growth last 12 months:	-7.6%				19%
Capital growth last 48 months:	93.2%				89%
Tube:	Elephant & Castle Bakerloo and Northern Line (Zone 1) – 15 mins to Oxford Circus
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:	9			5		4
Summary:	This place is a long term punt but will surely deliver over the long term.
Sought After Streets:	Surrey Square, Chatham Street and Brandon Street.
Description:	I’ve chosen this area because of the ambitious project planned for completion by 2012. the place will be completely overhauled with the traffic channeled underground and the ugly shopping centre knocked down and replaced with a big glass umbrella housing all the big chains for leisure and retail businesses. There will also be the creation of social and private housing to revamp the area as a whole. I think the planners have chosen the right area. I’ve always thought the Elephant was under-priced considering it had the tube (connected to both Bakerloo and Northern Lines), bus connections to all over London and only 1 mile or so from the centre of town. I would stay away from most of the ex-council blocks. The Rockingham Estate is worth a punt as these properties seem of solid construction and could gentrify as from the outside they have a Georgian feel. Yields will be good and so will capital appreciation in the long term (if you can wait that long!).
Estate Agents:	Name		Address		Tel		Web
	Field & Sons		54 Borough High Street, London, SE1 1XL		020 7407 1375		www.fieldandsons.co.uk
	Daniel Cobb Residential		82-84 Bermondsey Street, London, SE1 3UD		020 7357 0026		www.danielcobb.co.uk
	Williams Lynch		90 Bermondsey Street, London, SE1 3UB		020 7407 4100		www.williamslynch.co.uk
	Urban Moves Ltd		60 Borough High Street, London, SE1 1XF		020 7378 7892		www.urbanmoves.com
	Hamptons International		41 Shad Thames, London, SE1 2NJ		020 7407 3172		www.hamptons.co.uk
	Alex Neil		216, Tower Bridge Rd London SE1 2UP		020 7234 0288		www.alexneil.co.uk
Letting Agents:	Name		Address		Tel		Web
	Daniel Cobb Residential		82-84 Bermondsey Street, London, SE1 3UD		020 7357 0026		www.danielcobb.co.uk
	Hamptons International		41 Shad Thames, London, SE1 2NJ		020 7407 3172		www.hamptons.co.uk
	Stirling Ackroyd Ltd		26 Borough High Street, London, SE1 9QG		020 7940 3888		www.stirlingackroyd.com
	Urban Moves Ltd		60 Borough High Street, London, SE1 1XF		020 7378 7892		www.urbanmoves.com
	Churchill House Lettings		8 Mill House, London, SE1 2BA		020 8570 3655		www.tower-bridge.co.uk
	County Hall Letting Co		252, Westminster Bridge Rd London SE1 7PD		020 7620 1600

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