CONTENTS: INTRODUCTION, UNDERSTANDING THE TEMPLATES, BETHNAL GREEN, PADDINGTON, BARNES, ACTON, KINGS CROSS, CAMDEN, CHISWICK, CLAPHAM, CROUCH END, EAST DULWICH, EALING, FINCHLEY, GOLDERS GREEN, HAMMERSMITH, BELSIZE PARK, HIGHGATE, HOLLAND PARK, ISLINGTON, KENNINGTON, KENSINGTON, TUFNELL PARK, KILBURN, MAIDA VALE, MUSWELL HILL, NOTTING HILL, PIMLICO, POPLAR, PUTNEY, RICHMOND, SHEPHERDS BUSH, COVENT GARDEN, ELEPHANT & CASTLE, GREENWICH, STEPNEY, FRIERN BARNET, WANDSWORTH, WEST HAMPSTEAD, WIMBLEDON, BERMONDSEY, PROPOSED TUBE STATIONS, PROPOSED RAIL STATIONS, POWER OF THE POSTCODES, CONGESTION ZONE
| Area: | Kensington | ||||||||
| Catergory: | C | ||||||||
| Postcode: | W8 | ||||||||
| In Congestion Zone: | No – 3.6 miles outside. | ||||||||
| Parking and Traffic: | Permits & Meters. Kensington Church St & High St gets congested. | ||||||||
| Ethnicity Bias: | International | ||||||||
| Investor Profile | Pension, Business, Cash&Equity & Retirement. | ||||||||
| Crime: | Violence | Sexual | Burglary | Motor | |||||
| Per 1000 population | 16 | 1 | 10 | 6 | |||||
| Yield Range: | 3.1% - 10.0% | ||||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | |||
| Studio flat | 130,000 | 350,000 | 250 | 350 | 5.2% | 10.0% | |||
| 1 bed flat | 250,000 | 525,000 | 265 | 595 | 5.5% | 5.9% | |||
| 2 bed flat | 295,000 | 900,000 | 360 | 1000 | 5.8% | 6.3% | |||
| 2 bed house | 500,000 | 1,100,000 | 390 | 1100 | 4.1% | 5.2% | |||
| 3 bed house | 750,000 | 1,700,000 | 450 | 2950 | 3.1% | 9.0% | |||
| Valuations above the London average by: | 190.3% (£702,147) | ||||||||
| Actual | London Average | ||||||||
| Capital growth last 12 months: | -9.6% | 19% | |||||||
| Capital growth last 48 months: | 159.0% | 89% | |||||||
| Tube: | High St Kensington Circle, District & Circle Lines (Zone 1) – 15 mins to Oxford Circus | ||||||||
| Demand For Letting: | Excellent | ||||||||
| Average void period: | 2 days | ||||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | |||||||
| Out of 10: | 5 | 2 | 3 | ||||||
| Summary: | It’s all good! | ||||||||
| Sought After Streets: | Kensington High Street, Queens Gate and Gloucester Road. | ||||||||
| Description: | This place is an international address. Famous for Kensington Palace prices are very expensive. For this hotspot I direct you only to buy the studios and 1 bed flats. Here there are places for sub £300k and you will have no shortage of tenants. There is strong demand from not only UK residents but also from overseas. I would suggest that you use the services of an agent as they will have the contacts to these overseas tenants who usually pay over the odds. Service charges on these flats may be high and can sometimes halve your overall profit if you’re not careful. I was tempted to purchase a small studio in Kensington High St for £195,000 about 6 months ago yielding around 8% but when looking at the service charges it dropped the yield to 6%. There are absolutely no no-go spots in Kensington and surrounding areas so wherever you see something that is cheap – go for it! There are a number of short-leased flats, less than 50 years, that are available. The law is changing with regards to short leases making it possible to renew the lease at the end of the term for a minimal fee. Speak to your solicitor before entering in to this type of market. Its very risky and there are investors out there (very rich ones!) that are playing this game that can afford to lose. | ||||||||
| Estate Agents: | Name | Address | Tel | Web | |||||
| Simon Korn | 11 Curzon Street, Kensington, London, W1J 5HJ | 020 7499 6070 | www.simonkorn.co.uk | ||||||
| Shaws Estate Agents Ltd | 49 Palliser Road, Kensington, London, W14 9EB | 020 7386 9996 | |||||||
| The London & Leicester Property Group | 17 Norland Square, Kensington, London, W11 4PX | 020 7727 1005 | |||||||
| Druce & Co | Petersham House, 29 Harrington Road, Kensington, London, SW7 3HQ | 020 7581 3771 | |||||||
| Harpers | 53 Abingdon Road, Kensington, London, W8 6AN | 020 7938 2311 | www.harpers-kensington.co.uk | ||||||
| Farley & Company Limited | 44-48 Old Brompton Road, Kensington, London, SW7 3DY | 020 7589 1243 | |||||||
| F W Gapp | 5 Hillgate Street, Kensington, London, W8 7SP | 020 7243 0964 | www.fwgapp.co.uk | ||||||
| Leslie Marsh & Co | 126 Ladbroke Grove, Kensington, London, W10 5NE | 020 7221 0099 | www.lesliemarsh.co.uk | ||||||
| Lease of Life Estates | Unit 304 56 Gloucester Road, Kensington, London, SW7 4UB | 020 7937 1687 | |||||||
| Addison Properties | 273 Kensington High Street, Kensington, London, W8 6NA | 020 7602 6633 | |||||||
| Letting Agents: | Name | Address | Tel | Web | |||||
| Druce Lamy Ltd | Petersham House, 29 Harrington Road, London, SW7 3HQ | 020 7727 7123 | www.druce.com | ||||||
| Knight Frank | 54 Kensington Church Street, London, W8 4DB | 020 7937 8203 | www.knightfrank.com | ||||||
| Lurot Brand Lettings Ltd | 5 Kynance Place, London, SW7 4QS | 020 7590 2525 | www.lurotbrand.co.uk | ||||||
| Scotts (Kensington) Ltd | 13b Stratford Road, Kensington, London, W8 6RF | 020 7937 9976 | www.scottskensington.co.uk | ||||||
| Palace Gate | 11 Palace Gate, Kensington, London, W8 5LS | 020 7581 1631 | www.palacegate.com | ||||||
| Dominics Residential Lettings | 38 Gloucester Road, London, SW7 4QT | 020 7581 0154 | www.dominicsuk.com | ||||||
| Hamptons International | 8 Hornton Street, London, W8 4NW | 020 7937 9372 | |||||||
| F W Gapp | 5 Hillgate Street, London, W8 7SP | 020 7243 0964 | www.fwgapp.co.uk | ||||||