Central St Martins gives King's Cross the edge
Central St Martins' new campus is fizzing and the first of 2,000 homes are launched, as 67 acres of King's Cross becomes London's hottest district.
Property insider: Kingston upon Thames
There is something of a buy-to-let boom quietly rumbling away in Kingston upon Thames, the family favourite south-west London suburb. We get the property lowdown.
Spotlight on Stoke Newington
Young professionals and families are attracted to "Stokey" by the mainly Victorian housing stock and the neighbourhood's arty and bohemian vibe.
Spotlight on Harpenden
Close to woods and parkland, with good links to London, this small town has a lot to offer those looking to start a new life out of the city.
Design trends: loving red
We've found five red-hot gifts and gadgets to let your Valentine know that home is where the heart is.
Find a rated tradesman
Want to add value to your property, make your house a home, or sell your place fast? With 1,000s of tradesmen nationwide, rated and recommended by previous customers, this is the smart way to find a reputable tradesman.
Buy of the week: Streatham Hill
On leafy Downton Avenue in SW2, plenty of family space can be yours for £550,000 at this Edwardian home. There are four bedrooms and a convertible loft space, and the open-plan kitchen/breakfast room has French windows to a good-size garden.
Swap of the week: Dalwood, Devon
Cosy up by woodburning stoves or cook a feast in the vaulted kitchen/breakfast room of this 18th-century thatch for £525,000. Three bedrooms overlook cottage gardens and a timber studio makes a perfect home office.
Life-changer: St Erth Praze, Cornwall
Tregenhorne Farm (£550,000) has four acres of paddocks, stables and valley views, minutes from Cornwall's north coast. You can run your own equestrian business from the garden office and the four-bedroom home has a country kitchen with an Aga.
Spotlight on Harpenden
Close to woods and parkland, with good links to London, this small town has a lot to offer those looking to start a new life out of the city.
Property search
Property recovery funds
By Alex Sheridan
With buy-to-let finance harder to obtain these days, investors looking to take advantage of reduced house prices may be tempted by property “recovery” funds.What are they? A raft of new funds, many focusing on central London properties, are offering the prospect of double-digit returns and a hassle-free way of profiting from a pick-up in prices.
What’s good? investors’ cash is pooled to build up a portfolio of properties. This should reduce the risk compared with buying a single buy-to-let property. Purchases and lettings are professionally managed for the fund, and investors don’t have the bother of dealing with tenants.
What’s on offer? The Candy & Candy Growth Fund plans to buy properties at £2 million to £10 million each in Mayfair, Chelsea and other “golden postcodes”, let them out for five years, then refurbish and sell. The London Central Residential Recovery Fund, managed by London Central Portfolio (LCP), will acquire one- and two-bedroom flats to rent. RPAM’s Residential Property Recovery Fund will buy distressed property to rent.
What’s the catch? Many of the funds have investment minimums of about £25,000. Charges may also be high: LCP charges two per cent on all properties it buys for the London Central fund, plus a project management fee on refurbishments and 15 per cent on rental income. The funds are unregulated and financial advisers say investors should be wary of projected returns.
More articles
-
Greenwich gets an Olympic-size beach
Greenwich Beach, set to be the longest artificial city beach in Europe, will open in May with an Olympic-size volleyball court and plans for a restaurant and live events stage catering for crowds of up to 5,000.
-
Property insider: Kingston upon Thames
There is something of a buy-to-let boom quietly rumbling away in Kingston upon Thames, the family favourite south-west London suburb. We get the property lowdown.
-
Central St Martins gives King's Cross the edge
Central St Martins' new campus is fizzing and the first of 2,000 homes are launched, as 67 acres of King's Cross becomes London's hottest district.
-
London's oldest streets offer today's hottest opportunities
The City's fringe districts have moved with the times for 1,000 years. Now they are ready for spectacular change.
-
Property insider: Westminster
Westminster has many prized homes that command premium prices, but as there is still value available in this central London location, a growing number of home buyers are discovering SW1 and its superb transport links.
-
Olympic rentals let-down
In some London boroughs it will be illegal to let your home during the Games. And even 'approved' landlords face making slim profits.
-
The Shard is at the sharp end of London's rapidly shifting cityscape
Apartments in the Shard will set new price records as Europe's tallest tower moves the city's centre of gravity eastward.
-
Diary of an estate agent: Notting Hill
This week, a Notting Hill agent looks for an answer as to why the basement of a large home in W11 is half filled in with concrete.
-
Plan ahead in disputes over extenstions
Our neighbours have just been granted planning permission to build an extension on the side of their house that will have quite an impact on our property. We would have ojected but had no idea they had made an application. Is there anything we can do now?
-
Mortgage costs fall to an eight-year low
Mortgage payments for first-time buyers are at their lowest for eight years thanks to record low interest rates, with competition among lenders driving down the cost of borrowing.
Advertisement
