SNAPSHOT SPRING 2014 Market insight Battersea Sales and …€¦ · Battersea Insight Report...
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SNAPSHOT SNAPSHOT SNAPSHOT SNAPSHOT SPRING 2014 Market insight Battersea Sales and Lettings Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the market is likely to perform in the coming months and give market is likely to perform in the coming months and give market is likely to perform in the coming months and give market is likely to perform in the coming months and give advice for homeowners thinking about selling or letting. advice for homeowners thinking about selling or letting. advice for homeowners thinking about selling or letting. advice for homeowners thinking about selling or letting. What has affected What has affected What has affected What has affected Battersea's market growth Battersea's market growth Battersea's market growth Battersea's market growth this year? this year? this year? this year? Battersea’s exceptional growth in the last year is not only the result of buyers from abroad and from north of the river, but also local residents, who have long known the advantage of the central location with so many obvious advantages, not least one of London’ s best parks and most iconic listed structures. The redevelopment of Nine Elms and the addition 19,000 new homes and tube stations as well as the US Embassy and the rumoured Chinese and Dutch embassies have also helped to shine a light on the area. What different types of What different types of What different types of What different types of buyers are attracted to this buyers are attracted to this buyers are attracted to this buyers are attracted to this area? area? area? area? Battersea attracts families looking for excellent schools, green spaces and gardens, as well as access to central london. There is a constant movement of buyers upsizing and downsizing within the area but also a large number come from north of the river to find better value. Battersea also has some of the prettiest houses and flats available in London and many people enjoy the generous spaces afforded for the price of the properties which is still very reasonable when compared to those just over the bridge in Chelsea. Where are the 'hidden Where are the 'hidden Where are the 'hidden Where are the 'hidden gems'? gems'? gems'? gems'? We like the area around our office very much, the area known as Ransome's Wharf. Although it is the site of a proposed redevelopment it currently houses an eclectic and fun mix of businesses. There is the 'Doodle Bar' where drinkers can 'doodle' on black board walks with chalk. There is 'The Street Kitchen' - ex Michelin star chefs offering great food out of a hatch, a 'Rocky' style boxing gym behind a garage door and 'Dodd's Gin', housed in a former dairy and supplying Fortnum and Mason. Local workers are an eclectic mix too - architects, students, Vivienne Westwood's studio and Knight Frank of course! What advice do you have for What advice do you have for What advice do you have for What advice do you have for landlords and tenants? landlords and tenants? landlords and tenants? landlords and tenants? That the success of any rental always involves the alignment of price, presentation and marketing. Monitor these three things at all times. Also, look on portals as though you were searching yourself. If your flat is not a contender then it needs to be in order to achieve a successful result. With property values rising rapidly this might mean that your yields will not be impressive which impacts lettings and sales. What are the best investment What are the best investment What are the best investment What are the best investment opportunities in the area? opportunities in the area? opportunities in the area? opportunities in the area? If you think of tenant interest drawn as a big traingle with studios and the one beds at the base of the triangle and large houses at the thin tip of the triangle then you are best advised to go for something at the base of the triangle so that you are tapping in to the largest audience. One bedroom flats have always proved popular rental investments for this reason. Also strive for strong fundamentals - close to the tube, a good floor etc. Battersea sales at a glance Battersea sales at a glance Battersea sales at a glance Battersea sales at a glance Figure 1 Where do our buyers come from? Where do our buyers come from? Where do our buyers come from? Where do our buyers come from? Figure 2 Sales by price band Sales by price band Sales by price band Sales by price band KnightFrank.co.uk/battersea Spring snapshot 2014
Transcript of SNAPSHOT SPRING 2014 Market insight Battersea Sales and …€¦ · Battersea Insight Report...
SNAPSHOT SNAPSHOT SNAPSHOT SNAPSHOT SPRING 2014
Market insight Battersea Sales and Lettings
Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Matthew Smith, Head of Sales, and Giles Barrett, Head of Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the Lettings, discuss the trends of the current market, how the market is likely to perform in the coming months and give market is likely to perform in the coming months and give market is likely to perform in the coming months and give market is likely to perform in the coming months and give advice for homeowners thinking about selling or letting.advice for homeowners thinking about selling or letting.advice for homeowners thinking about selling or letting.advice for homeowners thinking about selling or letting. What has affected What has affected What has affected What has affected Battersea's market growth Battersea's market growth Battersea's market growth Battersea's market growth this year?this year?this year?this year?
Battersea’s exceptional growth in the last year is not only the result of buyers from abroad and from north of the river, but also local residents, who have long known the advantage of the central location with so many obvious advantages, not least one of London’s best parks and most iconic listed structures. The redevelopment of Nine Elms and the addition 19,000 new homes and tube stations as well as the US Embassy and the rumoured Chinese and Dutch embassies have also helped to shine a light on the area.
What different types of What different types of What different types of What different types of buyers are attracted to this buyers are attracted to this buyers are attracted to this buyers are attracted to this area?area?area?area?
Battersea attracts families looking for excellent schools, green spaces and gardens, as well as access to central london. There is a constant movement of buyers upsizing and downsizing within the area but also a large number come from north of the river to find better value. Battersea also has some of the prettiest houses and flats available in London and many people enjoy the generous spaces afforded for the price of the properties which is still very reasonable when compared to those just over the bridge in Chelsea.
Where are the 'hidden Where are the 'hidden Where are the 'hidden Where are the 'hidden gems'?gems'?gems'?gems'?
We like the area around our office very much, the area known as Ransome's Wharf. Although it is the site of a proposed redevelopment it currently houses an eclectic and fun mix of businesses.
There is the 'Doodle Bar' where drinkers can 'doodle' on black board walks with chalk. There is 'The Street Kitchen' - ex Michelin star chefs offering great food out of a hatch, a 'Rocky' style boxing gym behind a garage door and 'Dodd's Gin', housed in a former dairy and supplying Fortnum and Mason. Local workers are an eclectic mix too - architects, students, Vivienne Westwood's studio and Knight Frank of course!
What advice do you have for What advice do you have for What advice do you have for What advice do you have for landlords and tenants?landlords and tenants?landlords and tenants?landlords and tenants?
That the success of any rental always involves the alignment of price, presentation and marketing. Monitor these three things at all times. Also, look on portals as though you were searching yourself.
If your flat is not a contender then it needs to be in order to achieve a successful result. With property values rising rapidly this might mean that your yields will not be impressive which impacts lettings and sales.
What are the best investment What are the best investment What are the best investment What are the best investment opportunities in the area?opportunities in the area?opportunities in the area?opportunities in the area?
If you think of tenant interest drawn as a big traingle with studios and the one beds at the base of the triangle and large houses at the thin tip of the triangle then you are best advised to go for something at the base of the triangle so that you are tapping in to the largest audience. One bedroom flats have always proved popular rental investments for this reason. Also strive for strong fundamentals - close to the tube, a good floor etc.
Battersea sales at a glanceBattersea sales at a glanceBattersea sales at a glanceBattersea sales at a glance
Figure 1 Where do our buyers come from?Where do our buyers come from?Where do our buyers come from?Where do our buyers come from?
Figure 2 Sales by price bandSales by price bandSales by price bandSales by price band
KnightFrank.co.uk/battersea Spring snapshot 2014
Battersea Insight Report February - 25 February 2014 - 48044 05/03/2014 11:20:55
SNAPSHOT SPRING 2014SNAPSHOT SPRING 2014SNAPSHOT SPRING 2014SNAPSHOT SPRING 2014
market insight Battersea Sales and Lettings
Charting the Battersea lettings successCharting the Battersea lettings successCharting the Battersea lettings successCharting the Battersea lettings success Figure 3 - Age of our tenants
Battersea properties and the teamBattersea properties and the teamBattersea properties and the teamBattersea properties and the team
SOLD Albert Mansions, SW11
2
£1,000,000
sold Warriner Gardens, SW11
7
£2,000,000
FOR SALE Orville Road, SW11
4
£1,875,000
FOR SALE Overstrand Mansions, SW11
3
£1,795,000
Figure 4 - Tenancies by price band
LET Eland Road, Battersea SW11
3
£995 per week
LET Paveley Road, Battersea SW11
3
£775 per week
TO LET Dalebury Road, Wandsworth Common SW17
7
£1,480 per week
TO LET Waterfront House, Battersea SW11
2
£525 per week
Knight Frank Battersea +44 (0)20 3597 7670 7a Albion Riverside, 8 Hester Road London SW11 4AX KnightFrank.co.uk/battersea Giles Barrett
Lettings Manager Matthew Smith Office Head - Partner
KnightFrank.co.uk/battersea Battersea snapshot Spring 2014
Battersea Insight Report February - 25 February 2014 - 48044 05/03/2014 11:20:55
