West Kensington Flats & Houses For Sale & Rent

Investment Commercial Property for Sale

noreply@blogger.com (London Estate Agents) — Tue, 10 Jan 2012 14:25:00 +0000

Commercial Leasehold Property for Sale, Hammersmith

Tasso Road
Hammersmith
Greater London
W6

GIA: 1367 sq/ft*

£ 28,000
Leasehold

Tasso Road is a quiet, residential address moments from Queens Club, offering quick access to the shops, bars and restaurants of Fulham Broadway and West Kensington, with local shops close by on Fulham Palace Road.

The closest station is Barons Court (District and Piccadilly Line) and Kensington Olympia (Overground) while the A4/M4 provides the motorist with a rapid route out of London towards Heathrow Airport and the West.

Ground - 24sqm (excluding stair to basement)
First - 103sqm

W6 Leasehold Property for Sale

American Airlines Kensington Property On the Market

noreply@blogger.com (London Estate Agents) — Fri, 16 Dec 2011 16:07:00 +0000

Prowling through the bankruptcy papers filed by American Airlines last month makes for an interesting read, especially when you get to the bit about the company owning a five-bedroom town house in one of London’s most exclusive districts.

It sits in Cottesmore Gardens, one of Britain’s most expensive addresses, in the heart of ritzy Kensington neighborhood.

Property firm Zoopla puts the average price for homes in the area at £6.6 million ($10.2 million).

It was bought back in the 1990s, when the company didn’t have $30 billion of liabilities to its name.

It is an awkward revelation to come out of the firm’s Chapter 11 filing. The Transport Workers Union of America, already incensed that the airline filed for bankruptcy despite “sitting on $4.1 billion in cash,” sees it as an unnecessary luxury in these trying economic times.

The company said it would review its ownership of the house and its other real estate as part of its Chapter 11 reorganization.

Blogs Marketwatch

Investec Reports that UK Million Pound Property Market

noreply@blogger.com (London Estate Agents) — Sun, 11 Dec 2011 09:16:00 +0000

Bloomberg business week reports that Britain had 11 percent more houses valued at 1 million pounds ($1.6 million) or more available for purchase in the third quarter than it did a year earlier, Investec Specialist Bank said in a report today.

About 21,982 such properties were for sale with a combined value of 48.7 billion pounds, up 4.8 percent, according to research from primelocation.com commissioned by Investec, which said the market is “holding up well,” with a “huge” increase in mortgage applications in the category. The average valuation was 2.22 million pounds, a year-to-year decrease of 5.1 percent.

“This market is very international, especially in London,” said Jack Jones, head of Investec’s specialized banking lending team. “This has resulted in some people deciding to opt out of the capital’s million-pound property market and move to the home counties, which is more affordable.”

About 105 of the properties were valued at more than 15 million pounds, Investec Specialist said. Of the total, 44 percent, or 9,704, were in London and had a value of 26.9 billion pounds, with 10 percent in Surrey and worth 4.47 billion pounds, according to the report.

London Property Market News; £1 Million Property Investors See London As Safe Haven

noreply@blogger.com (London Estate Agents) — Thu, 17 Nov 2011 11:05:00 +0000

London is a haven for people looking to make a safe investment in bricks and mortar, says a leading property magazine.

Richard Bowser, editor of Property Investment News, said that capital remains a magnet for those looking for a solid long-term venture as values have risen by an average of nine per cent each year despite an otherwise gloomy economic climate.
He added that the rental market also shows no signs of slowing down with yields up by some 23 per cent on average over the past two years.

Mr Bowser feels a major factor in the London property market at present is the influx of cash-rich buyers from other countries.

He said: "Many overseas buyers have also been attracted, as they are buying with greatly increased purchasing power as a result of the 25 to 30 per cent decline in the pound against most global currencies since early 2007."

A particular area of interest for those from overseas is properties in the £1 million-plus market. According to figures released last month by Lloyds TSB, there were 3,375 purchases in London for that price or more during the first six months of 2011.

London Property Market News

South Kensington Station Redevelopment

noreply@blogger.com (London Estate Agents) — Mon, 03 Oct 2011 12:19:00 +0000

Londoners who wish to share their views on plans to redevelop South Kensington station are being urged to get involved before the public consultation closes on Friday.

Local residents and stakeholders have been giving their thoughts on the proposal to London Underground for the past 6 weeks.

The proposal details plans for a modest development that would help fund key station improvements.

The plans, which have been created with input from the Royal Borough of Kensington and Chelsea, reflect local residents' concerns by aiming to enhance the listed elements of the station and the surrounding neighbourhood.

As such, the existing arcade, listed shop fronts and northern and southern entrances would all be retained, as would the facade of the Thurloe Street terrace.

London Rental property Demand

noreply@blogger.com (London Estate Agents) — Fri, 02 Sep 2011 11:31:00 +0000

New tenant demand in London again outpaced supply of rental property in the three months to July, as many continued to turn to the lettings sector, says the latest RICS Residential Lettings Survey.

As a result of this, rents continued to increase in the capital, although the survey indicates that the pace of growth moderated, with 52% more surveyors reporting a rise in rents rather than a fall (from 80%). Significantly, the imbalance between demand and supply is thought likely to persist with the survey results suggesting that further gains in rents are likely over the coming months (a net balance of +31%).

One of the main drivers of demand for rental property continues to be would-be buyers who have moved to the lettings market after struggling to find mortgage finance, or first-time buyers unable to meet lenders’ deposit requirements. Although demand fell back in London in the three months to July it still remains positive, with 5% more chartered surveyors reporting a rise in demand than a fall.

New landlord instructions – which indicate the flow of rental property coming to the market – fell back with 6% more respondents reporting a fall than rise in new instructions. Surveyors report that where tenancies are coming up for renewal, landlords in London, where the sales market is stronger, are now choosing to put their properties on the sales market, leaving fewer rental properties available.

The combination of tenant demand and a limited stock of good quality properties on offer is pushing rents ever higher in London. This is the case both for houses and flats. Moreover, with mortgage finance for first time buyers likely to remain in short supply for some time to come, this imbalance is set to persist. The inevitable outcome is that rents will continue to increase."
RICS London spokesperson Genevieve Mariner

Kensington Flats & Houses For Sale & Rent: Zoopla; Surreal real estate prices: The 2011 Prope...

noreply@blogger.com (London Estate Agents) — Thu, 16 Jun 2011 08:42:00 +0000

Kensington Flats & Houses For Sale & Rent: Zoopla; Surreal real estate prices: The 2011 Prope...: "Britain's Property Rich List 2011, released today by leading property website Zoopla.co.uk, reveals Kensington , London W8, to be by far the..."

Prime London Property Market Boom in June

noreply@blogger.com (London Estate Agents) — Sat, 04 Jun 2011 13:08:00 +0000

June is predicted to be a frenetic month for prime property in London as interest in both the sales and lettings market from buyers in the Middle East, Russia, France and Italy continues

A latest report shows that average prices per square foot increased by 20% in prime addresses such a Knightsbridge, Belgravia and Chelsea in the last six months.

It reports strong interest in properties with development potential. A property which would have achieved £1,700 per square foot six months ago is now likely to be worth around £2,000 per square foot. Many developers are now basing their projections upon a price point of £3,000 per square foot, it says.

The property market in prime central London stalled somewhat during April due to the bank holidays and the Royal Wedding, but during May, we saw the market return to its full strength. We now have double the amount of properties for sale than we had in April, a welcome influx as stock levels were depleting.

As is customary for the time of year, we have experienced an increasing number of foreign nationals coming to purchase or rent properties in London during May, particularly from Russia, Italy, France and the Middle East. London property appeals to foreign investors because of the continued weakness of Sterling, the expected continuation of capital growth and ever increasing rental yields.

Despite the tight lending criteria, the strong market has resulted in an increasing number of investors showing high levels of interest in properties with development potential and the possibility to maximise square footage. Basement excavations continue to be popular, but buyers are increasingly concerned about ceiling heights and natural light.

Although high premiums are being achieved for good quality properties, the agents expect poorly presented or secondary properties to languish during the summer months if they are too ambitiously priced.

Property Wire

Eurozone Debt Crisis Fuels Foreign Property Invest...

noreply@blogger.com (London Estate Agents) — Wed, 25 May 2011 12:12:00 +0000

Knightsbridge Flats & Houses For Sale & Rent: Eurozone Debt Crisis Fuels Foreign Property Invest...: "Reuters reports that he tycoons of Europe's troubled southern periphery are buying up homes in London's billionaire enclaves and shifting c..."

Luxury Property Market Survey Shows Rise in Million Pound Property Sales

noreply@blogger.com (London Estate Agents) — Mon, 02 May 2011 08:34:00 +0000

The number of sales of homes costing more than a million pounds rose at its fastest rate for four years in 2010, Lloyds TSB found in new research.

There were 7,185 million pound property sales in Great Britain in 2010: 54% higher than in 2009. This is the largest annual increase since 2006 and suggests a real resurgence at the very top end of the housing market.

There are now an estimated 184,000 homes in Britain worth at least one million pounds.

Although the sales of these houses is rising fastest in the West Midlands, it is the wealth concentrated in London which is largely driving this market, as Suren Thiru, Lloyds TSB Housing Economist points out:

“A small number of areas in London still account for the lion’s share of all £1 million sales, with housing market activity in such locations continuing to benefit from strong demand from wealthy international buyers and limited supply.In contrast, the level of activity across the wider housing market remains subdued.”

London Property Investment; Property Hot Spots

noreply@blogger.com (London Estate Agents) — Sat, 02 Apr 2011 16:19:00 +0000

London Property Investment Hot Spots - Best Buy To Let Investments

Paramount Investments advise professional and first time property investors buying, selling, renting, letting or investing in potential freehold, investment property opportunities in Central and North West London.

Paramount Investments offer disused, dilapidated, derelict, un-modernised or neglected commercial properties such as pubs, clubs, restaurants, hotels, car showrooms, petrol stations, factories, pubs, banks, churches, hospitals, post offices and other former Government, NHS and public utility land and buildings for sale as renovation investments or for new build development subject to receiving local authority planning permission and change of use being granted.

For the latest London property investment opportunities such as licensed, industrial, leisure, office, retail, residential, healthcare and student freehold properties, property suitable for redevelopment, change of use, planning applications, brownfield sites click on the links below;

Shops, offices & commercial property investments for sale in London

Freeholds & ground rents for sale in London

HMOs, hostels & care homes for sale in London

Freehold pubs, restaurants & hotels for sale in London

Flats, houses & buy to let residential properties for sale in London

Derelict & run down properties for sale suitable for refurbishment in London

Properties & building land for sale with planning permission in London

Properties & development sites requiring planning permission for sale in London

Belgravia Property is Twice the Price of Similar P...

noreply@blogger.com (London Estate Agents) — Mon, 21 Mar 2011 09:11:00 +0000

Belgravia Flats & Houses For Sale & Rent: Belgravia Property is Twice the Price of Similar P...: "The Move Channel reports that Pimlico is fast becoming a haven for London buyers seeking centrally located homes for often half the price of..."

Earl's Court and West Kensington Opportunity Area

noreply@blogger.com (London Estate Agents) — Mon, 14 Mar 2011 13:04:00 +0000

The Draft Replacement London Plan identifies Earl's Court and West Kensington as an Opportunity Area. Opportunity Areas are the capital’s major reservoir of brownfield land with significant capacity to accommodate new housing, commercial and other development linked to existing or potential improvements to public transport accessibility.

The Earl’s Court and West Kensington Opportunity Area Joint Supplementary Planning Document is being prepared to guide development in the Opportunity Area. It is being produced in partnership with Hammersmith and Fulham Council, Kensington and Chelsea Council and Transport for London. It is intended that the document will be adopted as a Supplementary Planning Document to each of the Council's Core Strategies and published as an Opportunity Area Planning Framework that will provide Supplementary Planning Guidance to the replacement London Plan.

Closing Date:
26 April 2011

UK Interest Rates to Remain Low

noreply@blogger.com (London Estate Agents) — Sun, 27 Feb 2011 11:15:00 +0000

Homeowners who are paying off a UK mortgage debt would be "very sensible" to increase their payments in the current economic circumstances.

According to Catherine Hearnden, director at MyMortgageDirect, if borrowers can afford to, they should.

"The [interest] rates are at an all time low. The way that a lot of people have overpaid is they have just kept their standing order or direct debit the same and, as a result of that, they have overpaid," she pointed out.

"I think they should carry on for a while because even if rates go up, it is still going to be very low. Unless their circumstances have changed considerably, they should really try and be paying what they were paying at the beginning," she added.

Ms Hearnden's comments come after research from Moneybasics found almost one in three (29 per cent) mortgage holders paid more than their minimum required payments in the last year.

Mortgage Rate & Home Loan News

Westminster Council Owed £1 Million in Parking Fines

noreply@blogger.com (London Estate Agents) — Wed, 02 Feb 2011 11:04:00 +0000

Foreign diplomats have clocked up more than £1 million in unpaid parking fees in central London.

Figures show that more than 60 per cent of embassy-owned cars failed to pay for tickets issued for parking illegally in Westminster.

In a list of worst 20 offending embassies Kazakhstan comes out top with its vehicles owing more than £189,640 in fines generated from 1,715 unpaid tickets while the Sudanese embassy is second, clocking up £108,240 in fines for 1,005 unpaid tickets
Afghanistan, China and Saudi Arabia make up the rest of the top five and between them owe £207,100 from almost 2,000 unpaid tickets.

The most prolific offender is a Kazakhstan diplomat who drives a black BMW 318i and owes £53,820 for 471 tickets, while two Sudanese diplomats owe almost £56,320 between them after dodging 544 tickets .

Research by Westminster Council also reveals that:

An Afghanistan diplomat who drives a black Volvo owes over £28,800 for 248 outstanding tickets.
A diplomat from Saudi Arabia who drives a black Honda Civic owes more than £15,380 for 181 unpaid tickets.
The owner of a black Mercedes-Benz registered to the Albanian embassy has racked up 126 tickets and almost £13,880 in fines.
The driver of a black BMW 3181 registered to the Kazakhstan embassy owes £22,560 after failing to pay 196 parking tickets.

HMRC: House sales slightly up in 2010 on year

noreply@blogger.com (London Estate Agents) — Thu, 27 Jan 2011 08:43:00 +0000

HM Revenue & Customs (HMRC) has reported that the number of homes sold in the UK during 2010 was 885,000.

While this was a slight improvement on 2009 levels, it was just over half of the peak seen during the housing boom years of 2006 and 2007.

The figures are evidence that the housing market remained subdued in 2010 and the ongoing lack of mortgage availability and economic uncertainty continues to put pressure on the housing market.

Today, the British Bankers’ Association (BBA) revealed a further fall in the number of new mortgages approved by the major banks in December.

According to the BBA, the number of new mortgages approved in the month fell to 28,726, down from 29,696 in November – representing the lowest figure since January 2009.

Net mortgage lending rose by just £0.88 billion – the worst figure since June 1999.

Central London Golden Fares Scheme

noreply@blogger.com (London Estate Agents) — Sat, 01 Jan 2011 16:35:00 +0000

A radical new taxi service was launched on one of the busiest party nights of the year, to provide West End revellers with a safe way of getting home.

Passengers and taxi drivers are being asked to agree fixed fares for journeys made from the Golden Fares Taxi Rank located on the north side of Coventry Street at the tourist coach bus stop outside G Casinos by Wardour Street and Swiss Court.

Drivers are not obliged to participate in the scheme but only drivers willing to accept payment via the Golden Fares Scheme are permitted to use the identified rank.

Fares;
Up to 3 miles - £20
Up to 7 miles - £30
Up to 10 miles - £40
Up to 12 miles - £50

London Councils Merger Plans Could Save £28 Million

noreply@blogger.com (London Estate Agents) — Thu, 11 Nov 2010 11:44:00 +0000

Radical cost-cutting plans to merge parts of Hammersmith and Fulham Council with two neighbouring authorities have met with a mixed response in the borough.

Council leader Stephen Greenhalgh announced last week that Hammersmith and Fulham will consider sharing all departments with Kensington and Chelsea and Westminster Councils, stripping out middle managers and back office staff and saving up to £100 million over four years.

Education and children's services, adult social care, environment departments and corporate services could all be pooled or outsourced, and Mr Greenhalgh vowed to 'squeeze every penny and every pound' by looking at all other possible savings.

The move – the first on this scale anywhere in the UK – comes in response to the government's comprehensive spending review, in which funding for local councils was cut by 28 per cent. At least 700 jobs are expected to go as Hammersmith and Fulham tries to save £28 million over the next financial year.

London's Luxury Property Market Declines By 4%

noreply@blogger.com (London Estate Agents) — Mon, 01 Nov 2010 10:44:00 +0000

Luxury Property Market Declines By 4%: "The RLA reports a decline in London's luxury property market. The declines were the steepest in prestigious, prime areas in the capital, inc..."

UK Letting; Record Demand for Residential Rentals

noreply@blogger.com (London Estate Agents) — Tue, 12 Oct 2010 08:29:00 +0000

Putney Property Agents: UK Letting; Record Demand for Residential Rentals: "Demand for private sector residential rentals in Britain has not been this high at any point over the past eight years, according to statist..."

Old Brompton Road Studio Flat to Let

noreply@blogger.com (London Estate Agents) — Mon, 27 Sep 2010 14:10:00 +0000

Kensington

Old Brompton Road SW7 Studio £360 per week

We offer a spacious studio available at Roland House. This location is within five minutes to Gloucester Road and South Kensington tube station and Fulham Road just a few minutes walk. Natural History Musuem and V&A 10 minutes walk. Available 18th October. Furnished or Unfurnished.

Roland House, 121 Old Brompton Road, London, SW7

Run down, derelict and neglected properties

noreply@blogger.com (London Estate Agents) — Wed, 15 Sep 2010 05:56:00 +0000

Paramount Investments specialise in the sale of distressed residential, industrial and commercial properties such as unmodernised buildings, brownfield industrial sites and run down, derelict, empty or neglected properties suitable for redevelopment, renovation, repair, refurbishment or restoration into new residential developments such as houses, flats, apartments and studios.

Follow the link for freehold residential and commercial development properties for sale

Diplomats Duck Central London Congestion Charge

noreply@blogger.com (London Estate Agents) — Tue, 29 Jun 2010 13:14:00 +0000

Reuters Africa reports that The U.S. embassy in London owes nearly 4 million pounds in traffic fines.

Staff at the U.S. diplomatic mission driving on the often overcrowded streets of central London have racked up 35,602 fines for not paying the 8 pound congestion charge payable for using the busiest roads at the busiest times.

Since the charge was introduced in 2003, the running total of unpaid fines for all diplomatic missions has hit 36 million pounds.

British authorities say the fee is a charge for a service that everyone must pay but Washington says it is a tax and diplomats are exempt. Russian diplomats owe 3.2 million pounds and the Japanese embassy has run up a bill of just over 2.7 million pounds for using -- but not paying for -- the charge zone, which stretches from Kensington in the west to Tower Bridge in the east.

Kensington and Chelsea Experience Marked Decline in House Prices

noreply@blogger.com (London Estate Agents) — Wed, 19 May 2010 09:43:00 +0000

The average asking price for a Greater London home dropped 0.4% to GBP 420,203 in May according to Rightmove. Among London's boroughs, home prices experienced marked declines in Newham, Kensington & Chelsea, City of Westminster, Hammersmith & Fulham, and Hounslow.

Home prices in England and Wales climbed 4.3% on a yearly basis in May adding to the 6% gain in April.

Shipside said the housing market is likely to cool off in this year from its solid rebound last year. "We forecast that prices in 2010 would end up broadly flat, with gains in the first half of the year falling away in the second half," he said.

The Rightmove survey comes after Acadametrics said last week that the monthly average price of all residential property sold in England and Wales in April rose 0.5% from March - the 12th consecutive monthly increase. Home prices were 12.9% higher than a year ago.

Other house price indicators from lenders have also forecast prices to flatten out this year. Halifax's indicator found that house prices eased 0.1% from a month ago in April, while Nationwide saw a monthly increase of 1%.

London Property Hotspots

noreply@blogger.com (London Estate Agents) — Tue, 23 Mar 2010 09:07:00 +0000

City AM reports that home prices in London’s most upmarket districts have hit a record average of £2.2m, a survey showed yesterday.

The most desirable areas in central London saw a 2.4 per cent monthly rise as wealthy foreign buyers circled for the properties.

Among the biggest climbers this month was the Royal Borough of Kensington & Chelsea which saw prime property values jump by three per cent to almost £2.5m.

Average prime property values for London as a whole are now just under £1.1m, according to the Primelocation.com Prime Index. Many foreign investors from abroad are cashing in on the weak value of sterling. Meanwhile super-rich Brits who have been left unscathed in the credit crunch are also snapping up prime properties.
Research Director at Primelocation.com Andrew Smith said: “As the UK draws out of recession, astute buyers and investors from both abroad and the UK see this as a good time to find the right property.

Many overseas buyers see UK real estate as a attractive proposition