If you’re truly set on buying a historic property, don’t give up on your goal at the first sign of structural issue. But here are some guidelines to make sure your investment doesn’t sink beneath your feet.

Get an inspection.

The first thing you should do when you find a property that catches your eye is make an appointment for an inspection. This will help you find problems that are typically difficult to catch by the unaided eye, such as old electrical wiring, mould, and radon. These can be life-threatening situations in some cases if not handled with caution. It is important to get the inspection before you make an offer because it could drastically change the amount of money you want to put on the table or whether you even want to make an offer at all.

Renovate with caution.

If you approach your search for an older property with renovation in mind, you should also driving in the city is crazycarefully plan how you would deal with these kinds of challenges. Mould, for example, is not always easily extinguishable, but its continued presence could lead to headaches, skin rashes, or trouble breathing. Asbestos is an even more serious threat because exposure to it could lead to lung or chest cancer decades later. In fact, many of the industrial workers who handled asbestos up to 40 years ago are just now filing claims for asbestosis compensation because it takes many years for illness to develop.

Ask about the insurance.

Older properties can be more expensive to insure because of the likelihood that they will reveal problems down the road. And in the event of a natural weather phenomenon that destroys the property, rebuilding or repairing it will be much more difficult than rebuilding a a newer home because the materials used to build it originally may not be available or easily accessible anymore. In addition, trapped substances such as asbestos and radon, which generally don’t pose a threat unless disturbed, can make sifting through the remains of the property a health hazard. All of these factors may come into play when you are working with an insurance agent.

This is not to say that investing in an older property won’t be worth the time, planning and money that you put into it. But knowing the danger signs to look out for can help save you everything from frustration to repair costs — and quite possibly your life.

Future of Finance

The interest rates are on the rise; therefore it is riskier for the investors who are buying in the boom time. Hence, it is important to analyze the real estate market as well as check the mortgage rate. Due to the entry of new investors and heavy demand from borrowers, there will be a huge competition in buy-to-let market and the number of high loan-to-value mortgage products is likely to increase in next few months and will reach 90% mortgage or beyond. But, it is important to take a look at the interest rate in order to avoid any loss. According to buy-to-let property trends 2012, experienced investors may take the advantage of the market forces and get higher return by choosing the property which appreciates over a period of time. However, the new entrants need to do the calculations before putting their capital at stake.

Trends in Housing Market

The real estate especially buy-to-let market has become stagnant. There is no appreciation in values in the housing properties. Due to increase in forced sales as well repossessions, investors might get a property at a very low price which is below the market value. However, from long term investment perspective, the property should fetch the best value. Therefore, choosing a property at the place where the property value is not appreciating is not a good choice, even if the property is fetching reasonable rent at the moment. It is important to consider at what rate the property will appreciate in next 12 months and how much rent will it fetch.

High Demand for Rental Properties

Due to high mortgage rates for residential properties, most of the people are shying away from buying the residential properties in these turbulent times. Therefore, the demand for rental properties has increased exponentially and will continue to rise. Hence, it is wise to invest in a buy-to-let property which is conveniently located. Due to massive globalization, there will be an influx of tenants from different nations who prefer privately rented properties.

An insight into buy-to-let property trends 2012 will secure your investment even in turbulent times and assistance from a professional like Your Property Club can help in making best deal.

Location:

Located on the southside of Great Russell Street directly opposite British Museum and within a short walk of Bloomsbury Square.

The premises is within easy walking distance of Tottenham Court Road underground station (Northern and Central Line) and Goodge Street underground station (Northern Line). Soho, with its numerous bars, public houses and restaurants is extremely close by.

Description:

This shop unit is suitable for a variety of A1 operators.

Ground floor:                           400 sq ft                      (37.16 m²)

Lower ground floor:                 600 sq ft                      (55.70 m²)

Total:                                      1,000 sq ft                  (92.86 m²)

(Nb – All measurements are approximate and may need to be re measured by any ingoing tenant)

Lease:

For a term by arrangement

Rent:

£45,000 per annum exclusive

Rateable Value:

Any interested party is to make their own enquiries via Camden Councils Rating Department

For further information please contact Joint Sole Agents:-

Misrepresentation Act

These particulars are prepared for the guidance only of prospective purchasers or lessees.  They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. Any information contained herein is given in good faith but should not be relied upon as being a statement or representation of fact and purchasers or lessees must rely on their own enquiries in this regard.

• The sovereign debt crisis in the Eurozone spread from Ireland to Portugal. On 16th May 2011 Eurozone finance ministers had to agree a £78 billion bail-out for Portugal and there were fears that Greece would require further support. More seriously for London, there were fears that two of europe?s big economies would require similar intervention: Spain and Italy.

• The “Arab Spring” and military intervention in Libya created uncertainty close to europe and although there was little direct evidence of investment from those countries in the London housing market, London?s status as a “safe haven” for capital was bolstered.

• The conflicts in North Africa and the Middle East inevitably had an impact on the oil price which rose from $70 a barrel to $114 a
barrel in May 2011, stoking inflationary fires in the UK. Although the price fell to $101 in June, analysts forecast the price in June 2012 at $116 a barrel.

• The Budget in March included provisions which could lead to the promotion of housing supply by allowing the change of use of The overall effect of higher prices in the first half of 2011 was to commercial buildings to residential without planning permission. increase the levels of stock available for sale as vendors realised that In our view, this proposal is unlikely to be implemented in this form they would be able to sell at historically high prices. All sectors of the
and even if planning rules are eased, there are plenty of other market experienced price growth. Some buyers, whom in our view, regulatory hoops for developers to jump through.

Find our more from www.fitzroviaw1.co.uk

York House is highly acknowledged as one of the best portered mansion blocks in Fitzrovia and comprises of 47 apartments developed by Berkeley Homes back in the mid 1990s. Berners Street is situated in the exclusive W1 area of Central London, which is regarded as one of the most highly sought after and central addresses in the capital.

The apartment is a short stroll from the excitement of Oxford Street, Soho and opposite the famous Sanderson Hotel, but also enjoys the local Amenities of Fitzrovia and the West End.

This spacious one bedroom apartment lies over two floors has been kept in immaculate condition with modern high spec kitchen and bathroom and has a floor area of over 750sqft. The asking price for this one bedroom apartment is £625,000

For further information about this apartment and others in the West End please contact Hurford Salvi Carr’s West End office – Phin Twiselton on 020 7299 3322 phin.twiselton@h-s-c.co.uk

During the period of rising prices, the growth in enquiries came from the following four buyer segments, but in each case the level of interest was reduced in the second half as follows:

• First-time buyers, already under pressure to find very large deposits retreated in the face of falling confidence levels.list of new homes in london
• “Frustrated renters” already present in the market also faced difficulties with loan finance and with evidence of weakening prices many decided to delay potential purchase in the hope of further price reductions.
• Pied-a-terre purchasers, although at a lower level in line with market activity, were the main source of sales across all three sub-markets.
• Overseas buyers of investment property continued to be a feature of the market but at a lower rate than in the first half of 2010, with exhibitions converting a lower proportion of units into sales.

Pied-a-terre and overseas purchasers were driven by equity, giving these categories a distinct advantage over mortgage-dependent buyers.

Taking a chronological view, enquiry levels were reduced in July as the market absorbed the provisions of the Emergency Budget, including the changes to the benefits system, income tax, the raising of capital gains tax for higher rate taxpayers to 28% and the commitment that the VAT rate would rise from 17.5% to 20% on 4th January 2011. August was quieter than normal and then the hoped-for bounce back in September did not materialise. Overseas
property exhibitions had a lower success rate than in the spring, while domestic buyers sat on their hands encouraged by continuing media coverage of the likely content of the CSR.

The Urban Development Act or the Leasehold Reform Housing is the legislative laws that allow one to extend their lease. According to these acts, you can ask your property owner to extend your lease up to ninety years. This act also restricts the property owner to refuse your lease increasing applications or forms. The property owner is also restricted from increasing the cost of the property that you are now occupying. If he wants to do so, then he should ask for the permission from a body called Leasehold Valuation Tribunal for the extension of the premium. Most of the leaseholders are not aware of these opportunities and they are wasting assets on lease.

It is important to claim a new lease if you are a leaseholder. This will be an important investment for you. If the reversion of the lease is very low, you may consider this claim. A leaseholder can apply only once for this claim if he or she owns a flat for the period of more than two years. You can achieve this claim between periods of eight to ten months. It is preferable to either consider this claim if you are trying to sell or purchase a flat that you own. It is also imperative to take such an application into consideration when you are selling your flat or purchasing a flat. This claim is acquired by applying to a freeholder and then offering a price. If you own a property in Fitzrovia then you can acquire this claim.

The research figures also clearly point to the marked regional differences with the major field in which rental houses are empty for more than three months are as follows South Northamptonshire, Northamptonshire 50 percent; Tewkesbury, Gloucestershire 50.0 percent ; Ribble Valley, Lancashire 46.7 percent; Rochford, Essex 41.2 percent; Derbyshire Dales, Derbyshire 43.8 percent ;Elmbridge, Surrey 41.0 percent; Gosport, Hampshire 40.6 percent and Eden, Cumbria 40.7 percent.

Kevin Firth, the director of the Deposit Protection Service said that most of the individual landowners sell their houses very effectively; however the research which the Deposit Protection Service done in the past two years clearly shows that there are several things that landowners could learn in order to try to void periods.

He said that in the present market condition where the demand for the rental houses increases more than the supply, then there is no need for letting properties to remain empty and not making any income or yield.

Even thought the actual cost of the rental voids is unknown, the Upad.co.uk, online fitzrovia letting agent find out the empty properties cost the United Kingdom private rental sector, which cost more than three billion pounds a year. The property website has thus revealed some of the best tips for reducing void periods, recommending use of the plenty of photos and Internet. In addition, landowners have to make use of the different selling points of a house and keep rent rates reasonable.

A super one bedroom apartment available to let immediately, in the heart of bustling Fitzrovia. The property has been tastefully decorated throughout with a new bathroom and kitchen recently fitted. The apartment is within a few moments of Gt Portland Street, Regents Park and the bars and restaurants of Great Titchfield Street. Nearest tube station