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UK property market HS2

#HS2 – High Speed 2 implications on the UK Property Market

UK property market HS2With the announcement of the HS2 today, there has been much in the media, with a lot of criticism. We at PropVestment want to focus on the implications of HS2 on the UK property market.

Economically this will create jobs and provided technology is sourced within the UK will benefit us in the long run.

In terms of the thousand or so homes effected, we believe they have been offered 110% the market value of their property prior to plans announced. Home owners have got a good deal, especially in some northern reaches where the UK property market is almost non existent as UK potentially drops into a “triple dip” recession.

How does HS2 effect the UK Property Market?

  •   HS2 impact on UK Property MarketReduce Pressure on London
    As commuting becomes easier with journeys under an hour from Birmingham to London, similar to a journey from Zone 4/5 to Zone one within London. Therefore many will choose to locate outside London. Benefiting from lower property prices and potentially larger homes.
  • Revival of Northern Property Markets
    As from locations will be commutable to the major cities and London. Hence more people will choose to locate in those towns, boosting house demand and rentals too. Landlord’s and investors will find these areas as more attractive places to invest. First time buyers and young professionals out priced by London have the option of settling in Manchester, Sheffield, Leeds or Birmingham and able to travel more easily.
  • Revival of UK Construction
    It is inevitable that there will be need for new home and in the areas surrounding the HS2. Primarily for the construction workers and secondary for the end users who look to make use of the HS2 rail link.

 

Where to buy UK Property Top Tip: Totan, Nottinghamshire

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11 Adjacent 3 Bed 2 Bathroom House in Edgware

Investment or Development Opportunity in Edgware

£2.7 million ONO          Edgware HA8 5ED, North London

Potential to build 30-36 flats.

There is tremendous potential to build into flats and planning permission should not be a problem.
From early estimates it is project that should easily double to triple any invested funds with very little down side risk.
The current rentals will pay the mortgage while planning stage is underway.
Further once plans in place investors can start selling off plan and exchange on 10% hence providing much of the construction cost, further funding can be raised through a development loan.

Development opportunity

* BLOCK OF 11 INVESTMENT PROPERTIES FOR SALE *

* INDIVIDUALLY PRICED BETWEEN £269,950 – £279,950

* SUBSTANTIAL DISCOUNT FOR PURCHASE OF ALL PROPERTIES

* 3 BED HOUSES LET ON ASSURED SHORTHOLD TENANCIES

* GAS CENTRAL HEATING *

* DOUBLE GLAZED *

* APPROX 50′ GARDENS *

* APPROX. HALF A MILE TO EDGWARE AND BURNT OAK TUBE STATIONS *

TYPICAL EXAMPLE No 267

The accommodation comprises with approximate room dimensions:-

ENTRANCE DOOR TO:

HALLWAY
Radiator, stairs to first floor landing, doors to:-

FRONT RECEPTION/BEDROOM THREE 10′ 0 X 9′ 5 (3.05M X 2.87M)
Double glazed window, radiator.

KITCHEN 9′ 4 X 7′ 4 (2.84M X 2.24M)
Range of white wall units,matching base inits with laminated worktops over, inset stainless steel sink unit with cupboard under and mixer taps. plumbed for washing machine, built under oven, gas hob with extractor over, space for fridge/freezer, radiator. Door toLOUNGE 18′ 0 X 11′ 6 (5.49M X 3.51M)
L shaped, coved ceiling, radiator, upvc double rear doors to garden.

DOWNSTAIRS BATHROOM/W.C. 
White suite with panelled bath with shower/mixer taps, pedestal wash hand basin, low level w.c., part tiled walls, tiled floor, extractor fan, radiator.

LANDING 
Access to loft, doors to:-

BEDROOM ONE 13′ 0 X 9′ 6 (3.96M X 2.90M)
Radiator, front aspect double glazed window, coved ceiling.

BEDROOM TWO 9′ 3 X 7′ 9 (2.82M X 2.36M)
Double glazed rear aspect window, radiator.

BATHROOM/W.C.
Panelled bath, pedestal wash hand basin, low level wc.wall mounted gas central heating boiler.

REAR GARDEN
Approx. 50′ paved patio with steps to lawn, close board fencing, shed

PLEASE NOTE: WE ARE INFORMED BY THE OWNER THAT THE PROPERTY IS LET ON AN ASSURED SHORTHOLD TENANCY FOR £1100 PER CALENDAR MONTH UNTIL 22nd APRIL 2013.

DOWNLOAD DETAILS PropVestment – Edgware

info@PropVestment.com