Three trends for this year’s autumn property market

buy and sellThe London property market experiences several high points each year driven by different seasonal trends.

For example, the market heats up during the run up to Christmas as people try to complete before the market closes down for the festivities. Then, during the first week of January a surge in the number of buyers pushes up demand and therefore prices.

During July and August, when most families go on holiday, activity increases once as owners try to sell before they go on holiday and again in September as buyers come back from their trips away ready to move home.

Rising demand during the autumn peak period pushes up prices. For example the team at Wandsworth Estate agents James Pendleton last year observed that prices began creeping up in October and November before peaking at a monthly average increase of 2.1% in December – before simmering down to a relatively tame increase of 1% in January.

In London properties sell 5% faster in October than in September so the later in Autumn a property goes on the market, the quicker the sale is likely to be. Properties sell even more quickly after the New Year –homes sold 40% faster during the first three months of the year in London compared to the three months before.

To find out about the current market conditions or if you have a question about buying selling or renting property speak to the team at London estate agents James Pendleton.

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Home makeover trends for 2014

As we endure this winter’s extreme weather let’s not forget that spring will soon be upon us and with it will come a deluge of a different kind; an army of homeowners getting ready to redecorate their properties.

If you’re one of them and have plans for your home then here are some 2014 interior design trends to provide some inspiration:

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True blue
So which paint, wallpaper or colour theme to choose for your home? 2014 is shaping up to be the year when blue and purple dominate. For example Pantone, the worldwide authority on colour, has named Dazzling Blue, Violet Tulip and Radiant Orchid as its top three colours of the year, while all the main paint manufacturers including Dulux, Crown and the popular Farrow and Ball also predict blue will be 2014’s colour of choice.

Bright future
On the other hand, after six years of financial insecurity the world of decoration continues to return to themes that embrace the feel good factor and this includes the use of cheerful hues which, after many years of white-paint minimalism, looks like a bright idea. Say hello again to lemon yellow, lime green and cerise.

The luxury look
Another trend that reflects a need to put the years of austerity behind us is the ‘luxury look’. This interiors fashion includes a liberal use of prints on wallpaper and furnishings as well as the return of the patterned carpet, ornate wood panelling and even a 1980s staple, the built-in wardrobe.

Outside is in
The ongoing concern with environment issues is making gardens that are more inside than outside fashionable and this means, in a very un-green way, even fake foliage. But in the world of living ‘outside in’ the trend is for small trees, box hedges and other larger plants to be placed around the home to give it a ‘greener’ look.

To speak to experienced property experts about plans for your home contact London Estate Agents James Pendleton.

London’s £1m-plus housing market is expanding

If you live in London and your home is worth more than £1 million then you may be one of the 60,000 or more people who joined this relatively exclusive club last year.

Approximately 240,000 apartments and houses in London are now said to be worth £1m or more and it’s a property market that has turned in an extraordinary performance over the past six or so years since the 2008 financial crisis.

As London’s economy continued to recover this year and unemployment hit a four year low at the end of last year so this increased optimism continues to feed through to the top of the market. Over the past 12 months some 10,000 £1m-plus properties were sold in London, up by over 10% compared to the previous 12 months, latest figures reveal.

“James Pendleton is confident that levels of activity in the £1m-plus housing market will continue to increase this year and although the price increases seen in the prime market within London may not reach the highs of 2013 which saw rises of approximately 9% across the Capital, we anticipate this buoyant market to continue,” says the London estate agents’ Sales Director Ewen Bunting.

London estate agents' Sales Director Ewen Bunting

London estate agents’ Sales Director Ewen Bunting

Experts say the London property market, particularly in central London, has become greatly influenced by foreign buyers and last year some £7 billion was spent by them on property within the M25, a level of investment which is expected to be repeated in 2014 despite new government policies designed to reduce tax breaks for non-UK homeowners.

But as central London’s high prices force many £1m home buyers to look elsewhere, estate agents in Clapham South, Fulham, Wandsworth and beyond are seeing more properties at this price being recorded on their streets.

Why London is on track for a repeat of 2013’s property market growth

property for sale in Battersea

Battersea is one of several areas in South West London reporting strong growth in 2013

House prices in London enjoyed a year of unexpected growth in 2013 with official figures revealing an average rise of 10.6% and estate agents in Clapham South, Wandsworth, Battersea and Fulham reporting rises far in excess of this. But what will happen this year?

Prices depend on activity and the number of homes sold in London rose significantly during 2013.  Whilst levels have not reached the Capital’s pre-2007 peak of 1.3 million homes sold a year, Land Registry figures clearly point to further increases in property sales in London during 2014 and this will help keep its housing market motoring, experts say.

Predictions for house prices in London are buoyant for the coming year because the recovery in the UK economy continues and forecasts for national price rises vary between 4% and 8% while in London they vary from between 8% and 11%.

Confidence is not restricted to experts. A survey published by property website Zoopla found that nearly all of nearly 8,000 Londoners it canvassed expected property values in the Capital to rise during the first half of the year by an average of 9.6%, compared to a national expectation of 7.2%.

Such optimism has been created in part by two key government measures designed to boost buyer and seller confidence.

These are the Help To Buy and Funding for Lending schemes both of which have succeeded, by the government’s own measures, in thawing the lending freeze brought on by the 2008 financial crisis.

Funding for Lending offers lenders cheap funds on the proviso they use it to create more affordable mortgages while Help To Buy (in its current form) has created several new routes for first time buyers as well as those further up the ladder to put down greater deposits and therefore be approved for more affordable mortgages.

James Pendleton welcomes a new Angel!

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South West London property experts James Pendleton have expanded their popular Angel department with the addition of a new team member.  With nine Estate Agents’ offices in South West London the company is well established throughout the area and is nationally recognised for service innovations.

One such advance introduced over the past few years is the Angel department.  Run by experienced property expert Zara Salih the department was introduced with the aim of extending the service offered during a sale or rental to cover the period from move-in onwards.

By speaking to a James Pendleton Angel a new homeowner or tenant can find solutions to the variety of questions and issues arising during what can be a chaotic time.  On move in day a representative from the department will provide a welcome pack and introduction to the property and local area. There is also an opportunity to leave keys with the secure Angel key holding service, a free concierge style initiative which allows residents to organise access to their property remotely as well as arranging contractor visits through the department’s recommended list of contacts.  This service is extended to buyers for the entire duration of the property ownership.

Joining the Angel team this autumn is experienced property administrator and local resident Sarah Vorley.  Sarah has already made a fantastic impression with local residents and company representatives alike and has proved to be the perfect new addition to a department known for outstanding customer service.

To find out more about the Angel department contact 020 7501 1045.

An incredible development opportunity in Battersea

highres1454368James Pendleton take great pleasure introducing to the market a fantastic development opportunity in a highly sought after location moments from Clapham Junction.

This three story building combines a commercial premises on the ground and basement levels with a five bedroom apartment above and there is potential to renovate both. The flat has its own front door from street level with stairs leading up to the first floor landing and down to the cellar, separate from that of the commercial unit.

To the front of the property on the first floor is a generous reception room and to the rear there is an eat-in kitchen and a WC. Second floor accommodation comprises three double bedrooms and a family bathroom as well as storage under the stairs. The loft has been converted to make space for a further two double bedrooms and eaves storage. The property also benefits from a south facing garden in excess of 40 ft.

The existing business premises and dwelling above can be converted into separate flats subject to the necessary planning permissions, making this an ideal Buy To Let investment opportunity. The property is very well located on St John’s Hill close to an excellent range of local amenities and a short walk from the outstanding local and national transport links of Clapham Junction station. The green open spaces of Clapham Common and Wandsworth Common are also within easy reach.

To find out more about this excellent opportunity contact James Pendleton Estate Agents’ Battersea office

96 Northcote Road
SW11 6QW
Tel: 020 7223 8000
Fax: 020 7223 8007

battersea@jphomes.co.uk

James Pendleton opens a ninth office in Wandsworth Town

Estate Agents in Wandsworth Town

With offices throughout South West London including a recent expansion to Fulham and Parsons Green, James Pendleton are delighted to be extending their service with the opening of a second, larger Estate Agents in Wandsworth Town to accompany the existing office at 503 Old York Road. Look out for the spacious new office on the corner of Old York Road and Ebner Street.

Since the opening of the independent Estate Agents’ Clapham South and Balham office ten years ago the team has expanded rapidly, accumulating numerous awards as well as 9 locally staffed offices including the Wandsworth Town Estate Agents’ office on Old York Road.  This office has proven a very popular hub for property hunters in search of their perfect London home; Wandsworth Town is a wonderfully diverse area comprising a variety of property styles from charming Victorian terraces in the Tonsleys to sleek riverside apartments.

The expansion to a second Wandsworth Town office on Old York Road was made with client convenience in mind.  The new space is located on a corner, giving a greater feeling of accessibility, and more space means a larger team are available at all times.  The office is in the heart of the Wandsworth Town neighbourhood and the area’s excellent transport links mean easy access from central London.

To find out more about this award winning Estate Agents in Clapham, Battersea, Fulham and Wandsworth and the new office opening contact James Pendleton Estate Agents’ Fulham and Parsons Green office on 020 7183 4000.

Managing your inheritance property: some sterling advice from James Pendleton Associate Director Max Green

Inheriting property can be both a blessing and a curse; while family legacy and intergenerational support are things to treasure there can be an awful lot for new property owners to learn. One Estate Agents in Fulham wishes to make it clear that the best thing to do upon inheriting a property is to have a thorough chat with a property expert. Years of experience often prove invaluable when it comes to something as unique, personal and often complicated as a property inheritance case.

Max Green, an Estate Agent in Fulham whose office handles a range of properties for sale and properties to let in Fulham and Parsons Green, has come forward with some very helpful advice for anyone taking on a property inheritance this year.

Max Green, manager of James Pendleton Estate Agents' Fulham & Parsons Green office

Max Green, manager of James Pendleton Estate Agents’ Fulham & Parsons Green office

“Have you inherited a property and sold it?  Take advantage of HM Revenue & Customs’ new property tax amnesty before September this year. The amnesty, entitled the Property Sales Campaign, is an opportunity for anyone who has sold, or given away (‘gifted’) second or additional residential properties in the UK or abroad, to voluntarily disclose their income or gains and pay what they owe in the way of tax by 6 September 2013.”

“Property owners need to notify HMRC by 9 August 2013 in order to qualify for the reduced level of penalty. After the amnesty has closed, HMRC will levy a higher rate of penalty of up to 100 per cent of tax. Many property owners may have inherited their property or received it as a gift and are therefore unaware that they are liable to pay tax on the profit gained following the sale of the home.”

“The HMRC amnesty is good news for anyone who has unwittingly failed to pay monies owed to HMRC, especially if they have sold their house following an inheritance or windfall. Property owners eligible for the campaign can take part and tell HMRC about any gain that they haven’t previously disclosed.”

“The correct level of penalty can then be assessed to reflect why the owner has not paid the right amount of tax in the past. They may also be able to pay what they owe by instalments. The HMRC campaign also covers sales of gardens for building plots. Individuals wishing to take part need to notify HMRC of their name and current address, email address if notifying online, national insurance number and self-assessment unique taxpayer reference if property owner has one.”

Max and his team are always read up on the latest property news and alerts; working with people and their homes for eight years makes for a keen interest in trends and initiatives as well as a solid understanding of the entire property transaction process.  To discuss your property investment with  top Estate Agents in Fulham contact Max on 020 7183 4000 or email maxgreen@jphomes.co.uk

James Pendleton’s Award Winning Lettings department: what the judges thought

Regular blog readers will probably already know about the James Pendleton Lettings team’s fantastic performance at the recent Sunday Times & The Times Lettings Agency of the Year Awards.  Our Lettings department consistently shows a high level of expertise and enthusiasm when handling properties to let in Wandsworth, Fulham, Battersea and Clapham and while there were many incredible Estate Agencies from across the UK present we can’t help taking particular pride in a team who walked away with not one but four accolades!

Shortly after the Awards ceremony itself Estate Agency Events released the Judges’ Report in full.  In it, the panel of property experts whose job it was to select the winners give their carefully explained reasons for doing so.  We thought we’d share the comments they made about James Pendleton; the full judges’ report can be found here.

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Customer Service

When it came to Customer Service there were several reasons we walked away with Silver.  Our Angel department won us particular acclaim for its recent ventures into making tenants feel more settled in; our after sales care service works on the brilliantly simple premise that our clients would benefit from greater support during and after the move in process.  Our Angel department’s Lettings branch is improving by the month and the judges’ compliments show that we’ve been doing the right thing thus far!

Also in the limelight was our speedy post-viewing feedback delivery; as a service led Estate Agency we always endeavour to provide full and prompt accounts to our clients as soon as we possibly can.  We believe that service is paramount for the well-being and security of our clients; this belief is reflected in the successful handling of our large and diverse portfolio of properties to let in Wandsworth, Battersea, Fulham and Clapham.

What the judges said:

“The James Pendleton way is to create unique roles for staff to accommodate their strengths and this, in part, is what led to the creation of the ‘angel’ customer service concept. Winning a silver award in the innovation category of our sister awards -Estate Agency of the Year – in 2012 – the ‘angel’ idea has successfully been incorporated into lettings as well, with the employment of a second angel sealing its success. With the tenants feeling cared for, James Pendleton’s main lettings team can continue looking after its landlords. Post-viewing feedback is sent to landlords within 24 hours; there is a round-the-clock account login facility via the website; and a programme of reduced fees and payment holidays.”

Marketing

The Marketing category at the Sunday Times & The Times Lettings Agency of the Year Awards was perhaps the most heavily contested so we’re delighted to have reached the top three.  Our ‘WE LET…YOU RELAX’ campaign offers landlords exclusive reduced fees and reminds both landlords and tenants of our focus on providing a seamless service.  Letting property can be extremely stressful when handled clumsily; our team have a sterling reputation and a number of ARLA qualifications to back up the promise that with James Pendleton, ‘WE LET…YOU RELAX’.  If you’re a landlord or tenant seeking a reputable Estate Agents in South West London you need look no further.

What the judges said:

“What marked James Pendleton out from a crowded list of submissions in this category was its micro-campaign solely targeting landlords and tenants. The ‘We let, you relax’ narrative is a brilliant stand-alone creative that communicates a message quite simply – personifying the ‘less is more’ idea. James Pendleton was clear that it wanted landlords and tenants to know that using them for lettings would be a stress-free exercise. The friendly font and use of lifestyle images reflect the young, vibrant mood within James Pendleton, and also serve to set the mindset for tenants and landlords consuming the artwork.”

Property Management Agency

We are delighted to have such a strong Property Management team: led by Associate Director and experienced Property Manager Simon Quinn the team is a fantastic example of different skillsets coming together in a mutually beneficial way.  It’s this solid teamwork that has allowed us to focus our approach, stay organised and ultimately come out on top in both our own size category and the overall Property Management category.  We handle hundreds of properties to let in Wandsworth, Clapham, Fulham and Battersea: and as our awards show, we do so better than anyone else!

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What the judges said

“The judges felt that James Pendleton had just edged ahead of the other gold winners in the property management category. The agent has clearly defined the geographical area in which it operates, and has opened offices and employed staff accordingly. This means they are always just a few minutes away from a landlord or tenant, paving the way for a rapid response and personal level of service.”

Our Property Management team was thrilled to win two gold awards for their hard work, Ruth Edwards, Property Manager said:

“Winning the Property Management awards has made me so proud to be part of the team here at James Pendleton.

We all work really hard together as a team, ensuring that we can deliver a good service to our Landlords, so to have this recognised in the form of two awards is extremely satisfying and uplifting!

I think we set ourselves above the rest in the way that we look after the properties as if they were our own, and always have our Landlords’ best interests at heart with any decisions made. Landlords need to feel that they can trust their Property Managers, and I think bearing this in mind ensures that we provide a better service.

Also, the 24 hours service that we provide means that Tenants can contact us on the emergency telephone if there is anything urgent that needs to be dealt with. This ensures that our Landlords and Tenants have that peace of mind that any maintenance issues are going to be dealt with quickly and efficiently.

I think that the benefits of this award are not only the recognition of winning, but that the general public can see we are always striving to better ourselves as a company and stand out from the rest.”

To find out more about properties to let in Wandsworth, Fulham, Clapham and Battersea contact our Lettings Managers today on tanyayates@jphomes.co.uk or paulspencer@jphomes.co.uk.  If you’re interested in our Property Management service don’t hesitate to give the team a call on 020 8772 2099 or email simonquinn@jphomes.co.uk

Webbs Road –fantastic new property development in Battersea

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As Grand Designs fans will know, it’s always thrilling to see the positive renovation of an old property. While not on quite the same scale as, say, a derelict church soon-to-be luxury penthouse, a professional and well thought out overhaul such as the one in progress on Webbs Road, Battersea is always a pleasure to behold.  Battersea Estate Agents James Pendleton are delighted to introduce two superb new properties about to arrive on the market.

Webbs road is a pretty, primarily residential street which lies between Clapham and Wandsworth Commons and runs parallel to Northcote Road.  A popular location much sought after by families and young professionals alike, Webbs Road is enviably close to acres of green space, shopping facilities to suit all inclinations and one of the biggest transport hubs in London.

What used to be the laundrette on Webbs Road was recently bought by JOSS Capital Partners, a property development and interior design company with a sterling reputation for producing quality homes such as those in the photos above.  To transform a building successfully while retaining its character is no mean feat, but one that JOSS have certainly mastered.  The two flats due to arrive on the market in a matter of months will be bright, airy and stylishly decorated throughout.

To find out more about these brand new properties, contact James Pendleton Estate Agents’ Battersea office or stop by for a chat with Sales Manager Sarah Welby and her team for full details.

 

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