LONDON
PROPERTY
Information on The Prime London Property Market
Click
here to register your
property search requirements with us and one of our Property Buying
Advisors will then contact you to discuss how we can assist you,
including whether we have any discretely/confidentially available
properties meeting your requirements.
Buying
a prime property in London, UK
In the prime London property market in England (properties
valued at £2m and above) there are typically 7,500 individual
properties being openly offered for sale by over 1,250 estate
(selling) agents.
Unlike many international destinations, there is no multi-listing
system in place nor one reliable database holding every available
London property for sale. Therefore property buyers need to contact
most, if not all, real estate agents in order to access all openly
available properties.
While
Kensington, Chelsea and Belgravia still remain the most highly
regarded areas in the London property market, south-west London
has experienced an increase in popularity over the last few years.
The most expensive and highly regarded areas of London are still
in the south-west: Belgravia, Kensington and Chelsea top the list,
in that order. This is because of their good stock of well-maintained
and attractive period houses, smart shops and easy access to the
City.
In central
London, Mayfair and St James's are still sought after, although
less so than they were in the past. Pimlico's elegant terraces
have been largely restored, and are central yet reasonably priced;
neighbouring Westminster has improved vastly during the past 10
years, but contains more mansion blocks than houses.
In west
London, Notting Hill and Holland Park now rank as some of the
smartest areas in London, and project a less conventional image
than south-west London. Neighbouring Bayswater is improving, and
Marylebone is becoming popular again. Hampstead, St John's Wood
and Regent's Park are the most highly regarded areas in north
London, although less popular with City buyers. Islington has
experienced a surge of interest, and has some good period houses.
In the east, a shift of businesses to the Docklands has resulted
in the conversion of many riverside warehouses, and improving
prices in areas such as Shad Thames, Wapping and the Isle of Dogs.
Outside
the centre, south-west London is still favoured above other areas.
Battersea, Clapham, Wandsworth, Richmond and Wimbledon have all
experienced price rises and an increase in popularity during the
past five years. In south-east London, Dulwich is highly regarded,
but blighted by poor transport links. A number of areas just outside
central London are reasonably priced, reasonably well-located
and appealing to live in. These include Maida Vale and West Hampstead
to the north-west; Highgate to the north; Hammersmith, Chiswick
and West Kensington to the west; Fulham to the south-west; and
Kennington to the south.
The estate agents are only working on one side of the transaction
i.e. that of the seller and they are generally interested in getting
the highest price possible for the properties that they have specific
instructions to sell.
A further problem for the property
buyer is that the most sought after London properties are not
on the internet, nor on the open market. These properties are
usually discretely and confidentially offered for sale and most
will sell privately to the best prepared & connected property
buyers.
(Sands Home Search have access to over £1 Billion of confidentially
available prime property throughout the UK which are not accessible
via any public internet sites)
There is such variety of prime
property within the London market that it is often a near impossible
task for the unrepresented buyer to determine a market value.
The fact that it is very common for a prime London property to
realise a sale price in excess of the asking price, further
complicates the issue.
Furthermore, the estate agent is contracted to achieve the right
price for the seller and they are under no obligation to advise
whether a property is suitable or whether it represents a fair
price from the buyers perspective, meaning the potential
for making expensive mistakes is large.
In reality the unrepresented buyer has very little chance of
accessing all the most desirable property in that the most desirable
is always the most sought after - it sells quickly and often well
before ever reaching the open market.
To access and secure the best property requires time, dedication,
inside knowledge and an extensive network of contacts - this is
how Sands Home Search can help.
If
you would like to receive impartial advice on acquiring a prime
London property, please contact one of our Buying Department Directors
:
FOR
LONDON PROPERTY SEARCH ASSISTANCE
Telephone
01425 462 549
(if
calling from outside the UK: + 44 1425 462549)
or
Email
inbox@sandshomesearch.com
Further
Information about buying a buying a property in London
Transport
links
Areas that have good transport links and may improve in the future
include Shepherd's Bush, Southwark and Brixton, together with
parts of east London.
Public
schools
(some of the best London schools)
City of
London School for Girls, EC2 (0207-628 0841 ). Girls only, age
range 7-18, day. City of London School, EC4 (0207-489 0291 ).
Boys only, age range 10-18, day.
St Paul's
Cathedral Choir School, EC4 (0207-248 5156 ). Boys only, age range
7-13, day and boarding.
South Hampstead High School, NW3 (0207-435 2899 ). Girls only,
age range 4-18, day.
University College School, NW3 (0207-435 3068 ). Boys only, age
range 11-18, day. Associated preparatory school.
Dulwich College, SE21 (0208-693 3601 ). Boys only, age range 7-18,
day and boarding. Associated preparatory school.
Alleyns School, SE22 (0208-693 3422 ). Co-educational, age range
5-18, day.
Westminster School (0207-222 5516 ). Boys only (co-educational
sixth form), age range 13-18, day and boarding. Associated preparatory
school.
St Paul's School, SW13 (0208-748 9162 ). Boys only, age range
13-18, day and boarding. Associated preparatory school.
St Paul's Girls School, W6 (0207-603 2288 ). Girls only, age range
11-18, day.
The Godolphin and Latymer School, W6 (0208-741 1936 ). Girls only,
age range 11-18, day.
Leisure
London's sporting venues include:
Lords, St John's Wood, NW8 (0207-289
1611 ). Cricket.
The Oval, Kennington, SE11 (0207-582
6660 ). Cricket.
Wembley Stadium, Middlesex (0208-900
1234 ). Football.
Twickenham Stadium, Surrey (0208-8928161
). Rugby.
All England Lawn Tennis Club, Wimbledon
(0208-946 2244 ). Tennis.
Ascot Racecourse, Berkshire (01344
22211 ). Racing.
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