Your January newsletter from Coldwell Banker...

Your January newsletter from Coldwell Banker...




Whittlesey Street, London, SE1 | £2,275,000

This delightful Regency home (1823) is located in Whittlesey street, Waterloo. One of Central London’s most desirable and recognisable streets.

Click here to read Whittlesey Street, London, SE1 | £2,275,000.



Ability Place, London, E14 | £900,000

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully complementing...

Click here to read Ability Place, London, E14 | £900,000.



Southbank Tower, 55 Upper Ground, London, SE1 | £2,350,000

The fabulous apartment encompasses a fully fitted impressive kitchen, 1364 sq ft, with an open plan, reception room designed to entertain.

Click here to read Southbank Tower, 55 Upper Ground, London, SE1 | £2,350,000.



Peel Street, London, W8 | £3,395,000

This beautifully presented and substantial 4 bedroom, 3 bathroom house is located perfectly in Kensington...

Click here to read Peel Street, London, W8 | £3,395,000.



3 Pearson Square, London, W1T | £1,500,000

A delightful 1 large double bedroom, 2 bathrooms beautifully furnished apartment on the 4th floor in the luxurious Pearson Square development located in the heart of the West End.

Click here to read 3 Pearson Square, London, W1T | £1,500,000.



55 Upper Ground, London, SE1 | £1,195,000

Attention Investors 4.9% yield for this luxurious 2 bedroom, 1 bathroom apartment is available for sale in Southbank Tower. Heavily discounted - must sell!

Click here to read 55 Upper Ground, London, SE1 | £1,195,000.



Ability Place, London, E14 | £900,000

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light.

Click here to read Ability Place, London, E14 | £900,000.



Knightsbridge, London, SW7 | £19,500 PCM

The house has been imaginatively remodelled and interior designed to create a light and spacious contemporary home, it is arranged over 228sqm, with state-of-the-art technology and air conditioning.

Click here to read Knightsbridge, London, SW7 | £19,500 PCM.



264 Finchley Road, London, NW3 | £6,000 PCM

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment in the new luxurious development Viridium Apartments on the ground-floor/lower ground floor. Furnished and available from 18/10/22.

Click here to read 264 Finchley Road, London, NW3 | £6,000 PCM.



264 Finchley Road, London, NW3 | £6,000 PCM

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and is available now.

Click here to read 264 Finchley Road, London, NW3 | £6,000 PCM.



264 Finchley Road, London, NW3 | £4,500 PCM

Fabulous furnished 2 bedroom, 2 bathroom penthouse in the new luxurious development Viridium is on the 3rd floor. This apartment also benefits from a lighting system...

Click here to read 264 Finchley Road, London, NW3 | £4,500 PCM.



What does the Autumn statement mean for the housing market

 
 

Stamp duty cuts reversed and rising council tax rates on the way - but the energy price cap remains in place. And what does it all mean for mortgage rates?



Inflation expected to fall sharply next year

The Bank of England predicts inflation will be below its 2% target in two years time, and close to zero in three years, leading to lower mortgage rates.

Minutes from the Bank of England’s latest interest rate setting meeting triggered some alarming headlines.

But while some outlets warned that the UK was heading for its longest recession since records began, there was actually good news buried in the minutes of its meeting - including suggestions that interest rates may not need to rise by as much as previously expected.

We take a look at some of the positives from the report and how they will impact the housing market.

 

The recession will be long but may not be too deep

The most eye-catching prediction from the Bank’s Monetary Policy Committee’s (MPC) minutes was that the UK is likely already in a recession, which is expected to last for two years.

If this prediction is correct, it would be the longest recession for the country since records began in 1920.

But what received less attention is the fact that economic growth is expected to contract by 1.9% in 2023 and 0.1% in 2024.

This means that while the MPC is expecting the recession to be long, it does not think it will be too deep.

To put these figures in context, the current recession would be significantly less bad than the one in the wake of the global financial crisis, when GDP growth contracted by 2.6% in a single quarter, and by 7.1% across five quarters in 2008 and 2009.

During the Covid-19 pandemic, GDP dived by a record 19.4%.

Economists have also pointed out that the MPC’s forecast is based on current market predictions for interest rates.

But the MPC suggested interest rates will not need to rise by as much as markets think, suggesting the recession could be less severe than its forecast suggests.

 

Unemployment will remain reasonably low

The MPC also forecast a rise in unemployment in its minutes, predicting the proportion of people who are out of work would increase from 3.5% now to 4.9% by the end of 2023.

While the increase may sound alarming, it is important to see it in context.

Unemployment is currently at its lowest level since 1974. A rise to 4.9%, would put the number of people out of work broadly on the same level as in early 2021 during the pandemic.

Looking further ahead, the MPC expects unemployment to continue rising in 2024 and 2025 to reach 6.4% by the end of that year. That's still well below the peak of 10.7% seen in the 1992 recession.

The fact that the number of people likely to lose their job is expected to remain relatively low compared with previous recessions, is good news for the housing market.

In the past, steep rises in unemployment led to a high level of forced sales, as people were no longer able to keep up with their mortgage repayments, triggering house price falls.

But that looks unlikely to happen this time around. Not only are job losses expected to be limited, but lenders are also now required by regulators to work with people who run into difficulties repaying their mortgage, and only repossess their home as a last resort.

 

Inflation should peak soon, then fall sharply

A major factor contributing to the current slowdown in activity in the housing market is the cost-of-living squeeze.

Steep increases in the cost of food, petrol and energy have made consumers more cautious, and caused them to delay making big purchases, such as a buying a new home.

It also makes it harder for them to pass mortgage affordability tests, as more of their money is being spent on essentials.

But the MPC expects inflation to peak at 11% in the final three months of this year, before falling sharply from the middle of next year. 

In fact, it predicts inflation will be below its 2% target two years from now, and be close to zero in three years’ time.

Getting inflation back under control will not only boost consumer confidence, but it will also enable the MPC to reduce the Bank Rate – the official cost of borrowing – which should lead to lower mortgage rates.

 

Interest rates may not rise by as much as expected

This one is a bit more speculative, as the MPC does not make predictions on interest rates.

But it did appear to signal that the Bank Rate may not need to increase by as much as markets currently expect.

When the MPC held its November meeting, money markets had priced in further increases to the Bank Rate to 5.25%.

As is customary, the MPC based its economic forecasts on interest rates peaking at this level.

Although it continued with its previous rhetoric that it will “respond forcefully, as necessary” to get inflation back down to its 2% target, it also said the impact of previous interest rate rises had not yet been fully felt.

In a press conference following the meeting, Bank Governor Andrew Bailey also said the Bank Rate would have to go up by less than currently expected by financial markets.

He said: “Our best view of where the rate should be … is nearer the constant rate curve [3.00%] than the market rate curve [5.25%].”

Economists have interpreted his comments as suggesting the Bank Rate could peak at between 3% to 4%, meaning it may not rise much further from its current level of 3%. 

This is obviously good news for mortgage rates.

Variable rate mortgages, such as tracker products and standard variable rates, move up and down in line with changes to the Bank Rate.

Fixed rate mortgages are based on so-called swap rates, which are themselves based on what the money markets think will happen with interest rates in the future.

In both cases, if interest rates do not need to rise by as much as previously expected, mortgage rates will also be lower.

 

What does this mean for the housing market?

Activity in the housing market has been hit by a combination of the cost-of-living squeeze, economic uncertainty, and the recent increase in mortgage rates.

If inflation peaks soon and mortgage rates do not rise any higher, it could help to restore consumer confidence.

In fact, the cost of fixed rate mortgages, which has already come down since the mini-Budget, is expected to continue to fall during the final part of the year.

At the same time, a sharp spike in unemployment in 2023 is not expected, meaning there are unlikely to be a high level of forced sales.

Even so, mortgage rates still remain significantly higher than they were at the start of the year, which, combined with higher house prices, will impact affordability.

This is likely to lead to lower buyer demand, and house prices are likely to drop from their current record level in some areas.



Inflation expected to fall sharply next year

 

The Bank of England predicts inflation will be below its 2% target in two years time, and close to zero in three years, leading to lower mortgage rates.

Minutes from the Bank of England’s latest interest rate setting meeting triggered some alarming headlines.

But while some outlets warned that the UK was heading for its longest recession since records began, there was actually good news buried in the minutes of its meeting - including suggestions that interest rates may not need to rise by as much as previously expected.

We take a look at some of the positives from the report and how they will impact the housing market.

 

The recession will be long but may not be too deep

The most eye-catching prediction from the Bank’s Monetary Policy Committee’s (MPC) minutes was that the UK is likely already in a recession, which is expected to last for two years.

If this prediction is correct, it would be the longest recession for the country since records began in 1920.

But what received less attention is the fact that economic growth is expected to contract by 1.9% in 2023 and 0.1% in 2024.

This means that while the MPC is expecting the recession to be long, it does not think it will be too deep.

To put these figures in context, the current recession would be significantly less bad than the one in the wake of the global financial crisis, when GDP growth contracted by 2.6% in a single quarter, and by 7.1% across five quarters in 2008 and 2009.

During the Covid-19 pandemic, GDP dived by a record 19.4%.

Economists have also pointed out that the MPC’s forecast is based on current market predictions for interest rates.

But the MPC suggested interest rates will not need to rise by as much as markets think, suggesting the recession could be less severe than its forecast suggests.

 

Unemployment will remain reasonably low

The MPC also forecast a rise in unemployment in its minutes, predicting the proportion of people who are out of work would increase from 3.5% now to 4.9% by the end of 2023.

While the increase may sound alarming, it is important to see it in context.

Unemployment is currently at its lowest level since 1974. A rise to 4.9%, would put the number of people out of work broadly on the same level as in early 2021 during the pandemic.

Looking further ahead, the MPC expects unemployment to continue rising in 2024 and 2025 to reach 6.4% by the end of that year. That's still well below the peak of 10.7% seen in the 1992 recession.

The fact that the number of people likely to lose their job is expected to remain relatively low compared with previous recessions, is good news for the housing market.

In the past, steep rises in unemployment led to a high level of forced sales, as people were no longer able to keep up with their mortgage repayments, triggering house price falls.

But that looks unlikely to happen this time around. Not only are job losses expected to be limited, but lenders are also now required by regulators to work with people who run into difficulties repaying their mortgage, and only repossess their home as a last resort.

 

Inflation should peak soon, then fall sharply

A major factor contributing to the current slowdown in activity in the housing market is the cost-of-living squeeze.

Steep increases in the cost of food, petrol and energy have made consumers more cautious, and caused them to delay making big purchases, such as a buying a new home.

It also makes it harder for them to pass mortgage affordability tests, as more of their money is being spent on essentials.

But the MPC expects inflation to peak at 11% in the final three months of this year, before falling sharply from the middle of next year. 

In fact, it predicts inflation will be below its 2% target two years from now, and be close to zero in three years’ time.

Getting inflation back under control will not only boost consumer confidence, but it will also enable the MPC to reduce the Bank Rate – the official cost of borrowing – which should lead to lower mortgage rates.

 

Interest rates may not rise by as much as expected

This one is a bit more speculative, as the MPC does not make predictions on interest rates.

But it did appear to signal that the Bank Rate may not need to increase by as much as markets currently expect.

When the MPC held its November meeting, money markets had priced in further increases to the Bank Rate to 5.25%.

As is customary, the MPC based its economic forecasts on interest rates peaking at this level.

Although it continued with its previous rhetoric that it will “respond forcefully, as necessary” to get inflation back down to its 2% target, it also said the impact of previous interest rate rises had not yet been fully felt.

In a press conference following the meeting, Bank Governor Andrew Bailey also said the Bank Rate would have to go up by less than currently expected by financial markets.

He said: “Our best view of where the rate should be … is nearer the constant rate curve [3.00%] than the market rate curve [5.25%].”

Economists have interpreted his comments as suggesting the Bank Rate could peak at between 3% to 4%, meaning it may not rise much further from its current level of 3%. 

This is obviously good news for mortgage rates.

Variable rate mortgages, such as tracker products and standard variable rates, move up and down in line with changes to the Bank Rate.

Fixed rate mortgages are based on so-called swap rates, which are themselves based on what the money markets think will happen with interest rates in the future.

In both cases, if interest rates do not need to rise by as much as previously expected, mortgage rates will also be lower.

 

What does this mean for the housing market?

Activity in the housing market has been hit by a combination of the cost-of-living squeeze, economic uncertainty, and the recent increase in mortgage rates.

If inflation peaks soon and mortgage rates do not rise any higher, it could help to restore consumer confidence.

In fact, the cost of fixed rate mortgages, which has already come down since the mini-Budget, is expected to continue to fall during the final part of the year.

At the same time, a sharp spike in unemployment in 2023 is not expected, meaning there are unlikely to be a high level of forced sales.

Even so, mortgage rates still remain significantly higher than they were at the start of the year, which, combined with higher house prices, will impact affordability.

This is likely to lead to lower buyer demand, and house prices are likely to drop from their current record level in some areas.

 

Contact our Property for more advice experts today!  

 

 

*Zoopla



Bank Rate rises to 3% to reach highest level since 2008

 

The UK Bank Rate has risen to 3% from 2.25% in the biggest single increase for 33 years. Here's what it means for you and your home.

The Bank of England has increased interest rates by 0.75% - the biggest single increase since 1989, apart from the almost immediately reversed rise on Black Wednesday in 1992.

The Bank Rate is now at 3%, its highest level since 2008.

It was the eighth meeting in a row at which the Monetary Policy Committee (MPC) has increased the official cost of borrowing, as it continues to battle high inflation.

The move adds around £86 a month to repayments for someone with a £200,000 variable rate mortgage.

The increase will impact the estimated 850,000 people who have a tracker mortgage, and the 1.1 million who are on their lender’s standard variable rate, both of which move up and down in line with the Bank Rate.

Homeowners with variable rate mortgages have now seen their mortgage payments rise by more than £300 a month since December, at a time when they are also grappling with steep increases to the cost of living.

 

"Money markets were expecting a hefty jump in the Bank Rate"

Richard Donnell, Director of Research and Insight at Zoopla, said: "Money markets were expecting a hefty jump in the Bank Rate today. Most borrowers used fixed rate loans so it's the cost of 2 and 5 year fixed rate money for banks that underpins mortgage rates more than the base rate.

"Today's jump does not worsen the outlook for mortgage borrowers but home buyers need to realise that 4% to 5% mortgages are set to be the norm in future, not the 1% to 2% of recent years."

 

Why has the bank rate been increased?

The MPC has increased the Bank Rate by 2.9% since it first started to raise the official cost of borrowing in December last year, in a bid to bring inflation down.

Despite these increases, inflation – which measures the rate at which the cost of goods and services is rising – has remained stubbornly high at 10.1%.

The MPC’s job has been made significantly harder by former Chancellor Kwasi Kwarteng’s mini budget.

The markets were spooked by his plans to cut taxes and increase spending, leading to a steep drop in the value of the pound. This in turn made imports more expensive, and was expected to push inflation higher.

It also impacted the housing market, with the number of people looking to buy a home dropping by a third in the wake of the mini budget.

In the minutes on its latest meeting, the MPC warned that “further increases in Bank Rate may be required” in order to get inflation back down to its 2% target.

But there was some good news for homeowners, with the MPC adding that interest rates were likely to peak at a lower level than was being predicted by the financial markets.

Economists had previously expected interest rates to have to increase to around 5% by the middle of next year, but they have since trimmed their forecasts to 4.25%.

 

What should I do about my mortgage?

If you are on a fixed rate mortgage

If you are on a fixed rate mortgage you don’t need to do anything right away. The interest rate you are paying will stay the same until the end of your product term, usually two or five years.

If you are coming to the end of your deal, you should start thinking about your next one.

Most lenders will allow you to ‘book’ a new rate between three and six months before your current one ends.

But you need to be prepared for a significant increase in your monthly repayments, as interest rates are now likely to be much higher than they were when you took out your mortgage or last remortgaged.

Mortgage rates could fall slightly towards the end of this year and early next year as markets stabilise, so you may want to wait to see if this happens before committing to a new rate.

But there is no guarantee that rates will fall, and the MPC could increase the Base Rate further at its December meeting.

If you are on a standard variable rate (SVR) mortgage

If you are on your lender’s standard variable rate (SVR), the rate you are automatically put on when your mortgage deal ends, you may want to remortgage soon.

The average interest rate charged on SVR mortgages was already 5.86% before the latest interest rate hike, its highest level for more than a decade, and it is likely to increase by a further 0.75% following today’s Bank Rate increase.

That said, if you are comfortable sitting on a higher rate for a couple of months, you may want to delay remortgaging to see whether rates do come down.

If you are on a tracker mortgage

If you are on a tracker mortgage, which moves up and down in line with changes to the Bank Rate, you may want to stay put.

Although the Bank Rate is widely expected to rise further, interest rates charged on fixed rate mortgages have already factored in some of these anticipated increases.

As a result, the average cost of a two year fixed rate mortgage is currently 6.47%, while interest charged on a five-year deal is only slightly lower at 6.32%.

It is important to remember that if you take out a fixed rate deal, you will be locking into the current high interest rates for two or five years, depending on which product term you opt for.

Ultimately, your decision is likely to come down to whether you have enough slack in your budget to be comfortable on a variable rate mortgage, or whether you want the security offered by a fixed rate one.

 

How can I reduce my mortgage repayments?

If you are worried about the increase in your monthly repayments that you might face when you come to remortgage, there are steps you can take to reduce them.

One way to lower your repayments is to borrow less. While this may be easier said than done, if you have a good level of savings, you may want to think about using some of the money you have set aside to make a lump sum overpayment to reduce the size of your mortgage.

You can also reduce your monthly repayments by increasing your mortgage term.

For example, monthly repayments on a £200,000 mortgage on a fixed rate of 6% would be £1,450 if the mortgage was being repaid over 20 years.

But monthly repayments would fall to £1,210 if the term was increased to 30 years, and to £1,150 if it was being repaid over 35 years.

But it is important to bear in mind that increasing your mortgage term will mean  you pay more in interest over the entire life of your mortgage.

It is also worth remembering that although interest rates have increased, the value of your home is also likely to have gone up since you last remortgaged.

As a result, you will be borrowing a lower proportion of your property’s value than previously, known as the loan-to-value (LTV) ratio.

Lenders offer their most competitive rates to people with lower LTVs, so you may now qualify for a better rate than previously.

 

What should I do if I’m struggling to pay my mortgage?

If you are struggling to keep up with your mortgage repayments, or think you may do so in the near future, it is important to contact your lender as soon as possible.

There are a number of steps lenders can take to help you, including granting you a temporary payment holiday or putting you on to an interest-only mortgage for a short time.

But options become much more limited if you have already missed a payment.

Lenders are obliged by the regulator to work with customers who are struggling with mortgage repayments to find a solution, and they can only repossess a home as a last resort.

 

Contact our property experts today! 

*Zoopla



UK Landlord tax offers specialist guidance following budget 

 
 
In light of the recent Autumn statement of interest being announced, UK Landlord tax a leading property tax accountant, today announced their ability to offer specialist advice.

Currently, landlords whose properties are owned in their names are exempt from capital gains tax on gains up to £12,300. This amount will reduce to £6,000 in April 2023 and to £3,000 in April 2024. For individual landlords, this means they will pay an additional £1,764 in tax for higher rate taxpayers and £1,134 for lower rate taxpayers on capital gains above £6,000 in 2023-24. As of April 2024, higher-rate taxpayers will pay an extra £2,604 in tax and lower-rate taxpayers will pay an extra £1,674 on any capital gains above £3,000.

For landlords who own properties through limited companies, the Dividend Allowance will decrease from £2,000 to £1,000 and to £500 from April 2023. Taking £2,000 in dividends in 2023-24 for example would incur an additional tax of £87.50 for lower rate taxpayers, £337.50 for higher rate taxpayers, and £393.35 for additional rate taxpayers.

Aside from this, the government will reduce the Capital Gains Tax Annual Exemption Amount from £12,300 to £6,000 from April 2023, and to £3,000 from April 2024.

Because of the increased demand that’s put upon taxpayers as a result of the Autumn Statement of Interest, UK Landlord Tax is advising that landlords get in contact with any questions they may have regarding the budget, particularly those pertaining to changes to capital gains tax.

If they end up requiring more detailed tax advice, then they can expect to pay a modest fee for the service when they require it. However, it should be noted that if they wish to partner with UK Landlord Tax on a long-term basis, they can be reimbursed this fee.

 

Contact our property experts today!

 

*Property Wire

 

 



55 Upper Ground, London, SE1

Southbank Tower is a confident, soaring design that is a distinctive landmark on London cultural mile. Residents benefit from high-speed lift access, an indoor swimming pool...
 
£1,195,000

Click here to read 55 Upper Ground, London, SE1.



Belvedere Gardens, Belvedere Road, London SE1

The apartment benefits from floor to ceiling glass panels and stunning river views as well as under-floor heating throughout, comfort cooling, integrated lighting with...
 
£7,583 PCM

Click here to read Belvedere Gardens, Belvedere Road, London SE1.



Southbank Tower, 55 Upper Ground, London, SE1

The apartment features floor to ceiling windows throughout and both the main bathroom and the en-suite are fully fitted to a superb standard. Both double bedrooms are generously...
 
£2,500,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



264 Finchley Road, London, NW3

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and available now. Comprising a....
 
£4,749 PCM

Click here to read 264 Finchley Road, London, NW3.



264 Finchley Road, London, NW3 

Ideally located on Finchley Road, the development is within close proximity to Hampstead with its popular restaurants, shops and tourist spots. It also benefits from the...
 
 £3,796 PCM

Click here to read 264 Finchley Road, London, NW3 .



4 Canter Way, London, E1

A two bedroom, two bathroom apartment with a balcony is available to rent from 24/01/2023. This apartment comes with access to the on-site gymnasium, swimming pool...
 
£3,900 PCM

Click here to read 4 Canter Way, London, E1.



4 Canter Way, London, E1

The property has been finished to a very high standard and comprises a good size double bedroom with ample storage space, a fully fitted and integrated kitchen with plenty...
 
£3,033 PCM

Click here to read 4 Canter Way, London, E1.



Peel Street, London, W8 

This beautifully presented and substantial 4 bedroom, 3 bathroom house is located perfectly in Kensington between Kensington Gardens/Hyde Park and...
 
£3,395,000

Click here to read Peel Street, London, W8 .



Southbank Tower, 55 Upper Ground, London, SE1

Once you enter the duplex apartment you are led into the kitchen area and fully furnished living room. The kitchen is perfectly finished to an outstanding standard... 
 £16,033 PCM

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Oakley House, Battersea Power Station, London, SW11

A stunning two-bedroom, two-bathroom apartment measuring 900 Sq Ft in the brand-new Battersea Power Station is now available. This apartment...
 
 £5,000 PCM

Click here to read Oakley House, Battersea Power Station, London, SW11.



Ability Place, Millharbour, London, E14

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully...
 
£900,000

Click here to read Ability Place, Millharbour, London, E14.



Southbank Tower, 55 Upper Ground, London, SE1

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive...
 
 £899,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Trevor Place, Knightsbridge, London, SW7

he charming terraced house at Trevor Place is well-proportioned in the heart of Knightsbridge location. Here is close to all the amenities of the Brompton Road including, shopping...
 
 £19,500 PCM

Click here to read Trevor Place, Knightsbridge, London, SW7.



Viridium Apartment, Finchley Road, London, NW3 

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and available now. Comprising...
 
£4,749 PCM

Click here to read Viridium Apartment, Finchley Road, London, NW3 .



Steps to beat the Winter blues

 

The Christmas lights have disappeared, it’s cold, and it seems like summer is so far in the future that it’s never going to happen, while you want to go back to the Christmas holidays, when you could relax with friends and family and plenty of good food. 

 

Soon it will be spring, and with it comes renewal. So why not make a little effort now to usher in some change? Here's some inspiration and a few practical tips for you to try that will help you shake off the Winter blues. 

 

Try something new 

The best way to snap out of the same old cycle is to try new things. If you are not ready to get back to your usual exercise routine, then perhaps you could try doing some home improvements. Let’s start with some simple things. 

 

Let there be light 

Simply adding more light to your home is a great way to create a better environment and a more cheerful living space. Soft lighting, which creates a warm and homely feel, is one way this can be achieved. 

 

Mirrors 

Hanging mirrors near windows will reflect more light and add another dimension to any room. It’s a complete illusion of course, but it works, as a blank, oppressive wall seems to suddenly become another room. 

 

You can rely on nature 

The lines between indoor and outdoor living are rapidly disappearing in this post-pandemic world. Bring some of nature’s wonderful colours and smells indoors by adding a few extra plants, flowers, or even fruit trees to uplift any room in your home. 

  

Furniture   

Whether your furniture consists of modern items, antiques, or even a freebies sourced from Facebook; sand things down, restore them, or simply paint them. Perhaps you already own the perfect table that, when painted, will transform your dining room. Sideboards and cabinets painted in bright colours are on-trend, or if you prefer the classic look, it will make you feel great and complete a room. 

    

Change your surroundings 

Pictures, paintings, and collectibles — authentic art that has been hand-painted by artists and captures the beautiful scenery of a place you love — are a great way to help alter your surroundings. Antique dealers always have something small and affordable, but if cost is not a concern, add to an exquisite collection. You can even get creative and make something with wood, or maybe photography or sewing is your thing! 

   

Get out and enjoy some viewings 

Perhaps you are determined to move and do not want to spend a single pound on anything in your home. If that’s the case, rid yourself of the Winter blues by going to see potential properties. Online viewings are an awesome way to see multiple homes, but there is no substitute for house viewings, to see if you get that special homely feeling. 

 

Get your 2023 property search underway! Browse our properties 

 



Prepare your property for a February sale

 

January is a fantastic month to prepare your property for a February sale. With the Christmas holiday behind you, hopefully you are feeling refreshed and ready to roll up your sleeves. 

Spring is always a great time to sell, so getting ahead of the competition and preparing for the coming months is a great strategy. 

 

So, why not put your house on the market in February? As each day passes, the warming weather will heat in harmony with the property market. Early birds will be searching, and probably have been, for their ideal home since last year. So getting your house on the market in time for February is a savvy move, because it not only beats the rush but also gives you extra time to sell and get the price you want. 

  

So, what can you do? 

  

A good entrance 

You and your home have made it through the winter, but there might be a few scars. Place yourself in your buyer’s shoes and look at the entrance to your home as you approach from the front. Are there any blemishes on the front door, or is there any paintwork that needs attention? Guttering? Weeds? It might not be summer, but you can still neaten up the front garden. 

   

Outdoor living spaces 

Entice buyers by showing them a vision of all-year-round outdoor living. Perhaps an outdoor fire or stove, some chairs, and a few logs. The leaves have long since been swept up, and if things appear tidy and serene, it might move buyers to buy. If they see outdoor winter living as well as a vision of the summer before and after the sun goes down, then perhaps they will move quickly. 

  

Create a cosy and warm atmosphere 

If this warm and wonderful atmosphere is also captured inside, then you are onto a winner. Offer proof of the coming spring with flowers or plants. A fire that is clearly in use and a living room that is in order (and lived in) will undoubtedly make potential buyers feel at home.    

   

An early spring clean 

It might not be spring yet, but that’s no excuse to give your home a good spring clean. If you do nothing else, your house will sell itself if it looks clean and well cared for. Combined with some of the other steps you can take, a speedier sale is almost certain. 

  

Give your own home a house inspection 

Empathise with your potential buyer and have a good walk through your house with your phone, taking pictures of anything that might need attention or dissuade a potential buyer. Even if you started this process last year, you are almost guaranteed to find areas that need painting, repairing, or replacing. If you start this process in January, then the clock is ticking and it's best to prioritise the various jobs you find. Ask yourself if you will get your money back if you find something that involves spending significant amounts of money, or if you can improve something that does not involve large injections of cash. 

 

Relax 

When all this is done, just sit back and let your house sell itself! The hard work is done, so enjoy the proof of all your hard work during the time you have left together because it won't be long until you will be on the move! 

 

Looking to sell swiftly? Contact us to see how we can help. 

 



Your Property Investment Checklist

 

There is much to think about when investing in property. Whether you are a seasoned investor or letting for the first time, this checklist may throw up a few things you might not have thought of... 

 

The Right House at the Right Price 

It all starts with the right house, flat or property. You will not get a good ROI (Return On Investment) if you have paid over the odds for your property. Worse still, borrowing excessively so your letting yield does not cover the cost of the mortgage. Using this scenario as the worst-case example the principle is true at any level. Pay the right price for a good property.   

 

The Area 

A good house is made even better if it’s in the right area. That is not only is it a nice area but is there a good balanced mix of both let properties and private residential homes? This gives you options when it comes to selling and letting.    

 

How Will You Let Your Property 

There are many agents who will provide different levels of service for a relatively small fee. Everything from collecting rent to finding and vetting your potential tenants. Some will even pay you a rental income before they have placed tenants. Maintenance and guidance on legal obligations can also be taken care of or you can opt for a halfway house where the letting agent will take care of some of these things, while you take care of the rest.  

 

Tenants 

If you choose to find your own tenants then you will need to set up a bank account, arrange references, set aside some time to meet tenants, so it’s worth paying a good letting agent who will take care of this for you.  

 

Rental Income  

It is important to get the figures right. You want to let your house and hopefully make a profit on any potential borrowings you may owe on the house or any maintenance and repairs and what you charge your tenants. The best way to do this is to create a spreadsheet and break down all costs on a monthly basis.  

 

Potential Expenses 

While you are on your spreadsheet, think of expenses such as maintenance; boiler services, electric appliance testing and budget for the unexpected like repairs or potential appliance replacement if applicable. 

 

Remember Legal Obligations and Contracts  

Check out any legal obligations and make sure your property is up to scratch to avoid any unexpected expenditure, for example is your fuse box obsolete? Also, you will need a contract to protect your tenants and yourself legally.   

 

Development Potential  

Perhaps you have no intention of letting your house, you are simply going to restore it, or modernise it, then sell it. Perhaps you will improve your property, then let for a time then sell it. Whichever you choose, consider market conditions and if you can stick to your budget. Try and find a property with plenty of development potential so you can add value to your investment.  

 

Are you searching for a great investment? Browse our properties and become an investor today 

 



25 February 2023 

Shakespeare Comedy Club
 
Found in the heart of London, we at Comedy downstairs at the Shakespeare have the most talented and varied stand up comedians in our line up, to fulfil everyone’s comedic acquired taste.

Click here to read 25 February 2023 .



Beechmore House, Battersea Roof Gardens, 5 Electric Boulevard, London, SW11 8BR

A luxurious three-bedroom apartment located on the 11th floor of the Beechmore House, within the exciting new Battersea Power Station development. The apartment offers a vast open plan reception/dining room, with floor-to-ceiling glass windows with views of the iconic Power Station.
 
Price: £6,500 PCM

Click here to read Beechmore House, Battersea Roof Gardens, 5 Electric Boulevard, London, SW11 8BR.



One Blackfriars Road, London, SE1 9GQ

This stunning 2 bed 2 bath has been interior designed with luxury appliances and fixtures, residents will also benefit from a 24hr concierge & 5* spa and gym facilities, with high floor viewing and best services.
 
Price: £7,000 PCM

Click here to read One Blackfriars Road, London, SE1 9GQ.



One Blackfriars Road, London, SE1 9GQ

A stunning 3 bed 3 bath apartment located in the innovative new development One Blackfriars. The property has been interior designed with luxury furniture and fixtures, residents will also benefit from a 24hr concierge & 5* spa and gym facilities.
 
Price: £15,167 PCM

Click here to read One Blackfriars Road, London, SE1 9GQ.



One Blackfriars Road, London, SE1 9GQ

A stunning 3 bed 3 bath apartment located in the innovative new development One Blackfriars. The property has been interior designed with luxury furniture and fixtures, residents will also benefit from a 24hr concierge & 5* spa and gym facilities.
 
Price: £26,000 PCM

Click here to read One Blackfriars Road, London, SE1 9GQ.



Meranti House, 84 Alie Street, London, E1 8QB

A stunning 1 Double Bed, 1 Bath apartment located within MERANTI HOUSE in E1 is available on 26/03/2023. Measuring internally at 569 sqft plus a Balcony of 60 sqft, it is located on the 4th floor. Residents can enjoy on-site luxury facilities: Swimming Pool, Sauna, Screening Room 24-Hour Concierge and a Fully equipped gym.
 
Price: £3,200 PCM

Click here to read Meranti House, 84 Alie Street, London, E1 8QB.



Oakley House, Battersea Roof Gardens, 10 Electric Boulevard, London, SW11 8BS

A stunning two-bedroom, two-bathroom apartment measuring 900 Sq Ft in the brand-new Battersea Power Station is now available. This apartment has a private winter garden as well as a balcony and parking.
 
Price: £6,912 PCM

Click here to read Oakley House, Battersea Roof Gardens, 10 Electric Boulevard, London, SW11 8BS.



Trevor Place, Knightsbridge, London, SW7 1LE

The house has been imaginatively remodelled and interior designed to create a light and spacious contemporary home, it is arranged over 228sqm, with state-of-the-art technology and air conditioning.
 
Price: £19,500 PCM

Click here to read Trevor Place, Knightsbridge, London, SW7 1LE.



1 Royal Oak Yard, London, SE1 3GA

Fabulous and very well located modern basement office space available for letting in London Bridge SE1. The office benefits from being situated in a Prime Southbank spot, in a mews just off the very trendy Bermondsey Street located right next door to the new White Cube Gallery.
 
Price: £3,353 PCM

Click here to read 1 Royal Oak Yard, London, SE1 3GA.



Southbank Tower 55 Upper Ground, London, SE1 9EY

The apartment is of an outstanding standard. Southbank Tower is a confident, soaring design that is a distinctive landmark on London's cultural mile. The building is based between The Royal Festival Hall and Shakespeare's Globe and adjacent to the iconic Sea Containers House, now home to the Mondrian Hotel.
 
Price: £2,350,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A luxurious 2 double bedrooms, 2 bathrooms (1 en-suite)apartment plus winter garden that can be used as a third bedroom or study or formal dining room enjoying commanding north views of the river from Southbank Tower is available for sale.
 
Price: £2,400,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A luxurious 2 bedroom, 2 bathroom apartment is available for sale. Located in the iconic Southbank Tower, this fabulous apartment encompasses a fully fitted impressive kitchen, with an open plan reception room designed to entertain with impressive north west facing river views of Big Ben, the Houses of Parliament. the London Eye and other famous London landmarks.
 
Price: £1,400,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Baltimore Wharf, London, E14 9EY

This bright and spacious sub penthouse provides open plan living and has amazing views over the dock.This penthouse also offers panoramic views and has a very large balcony overlooking this city of London. There is under heated marble flooring, as well as floor to ceiling fitted wardrobes. The nearest tube station to this building is the cross harbour DLR which is 0.1 miles away. Canary wharf station is just over a mile away.
 
Price: £1,365,000

Click here to read Baltimore Wharf, London, E14 9EY.



Pan Peninsula Square, London, E14 9HR

With excellent transport links to the city, a 3 bedroom apartment one of Canary Wharf’s most prestigious addresses, is now available to sale. This stunning three-bedroom, two-bathroom apartment offers beautiful views of the O2 and the River. Other benefits include parking, swimming pool, gym, and concierge service.
 
Price: £1,680,000

Click here to read Pan Peninsula Square, London, E14 9HR.



Ability Place, 37 Millharbour, London, E14 9DL

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully complementing the fantastic dock views seen from the apartment. The master bedroom benefits from a contemporary en-suite bathroom, which also provides access to the terrace.
 
Price: £900,000

Click here to read Ability Place, 37 Millharbour, London, E14 9DL.



Clydesdale Road, London, W11 1JF

This fantastic apartment is an ex-local authority building over the second and third floor of the building. The apartment It has solid flooring throughout the open plan modern kitchen and reception area with plenty of kitchen storage cupboards.
 
Price: £695,000

Click here to read Clydesdale Road, London, W11 1JF.



Bartholomew Cl, Barbican, London, EC1A 7ER

A stunning 1 bedroom, 1 bathroom apartment with an exceptional brand new development Abernethy House in Barts Square. Measuring 567 sqft and a balcony measuring 46 sqft its spacious layout features an open plan reception room with a luxury fitted kitchen and a lovely bedroom. This luxurious apartment has a balcony.
 
Price: £900,000

Click here to read Bartholomew Cl, Barbican, London, EC1A 7ER.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive landmark on London's cultural mile, between the Royal Festival Hall and Shakespeare's Globe Theatre and adjacent to the iconic Sea Containers House, now home to The Mondrian Hotel.
 
Price: £899,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Meranti House, 84 Alie Street, Aldgate , London, E1 8QB

STUNNING 2 BEDROOM, 2 BATHROOM (EN SUITE) apartment located within MERANTI HOUSE in E1 is now available for sale. Measuring internally at 937 sqft plus BALCONY of 57 sqft, it is located on the 1st FLOOR. Residents can enjoy on-site luxury facilities: SWIMMING POOL, SAUNA, A SCREENING ROOM, 24 HOUR CONCIERGE and FULLY EQUIPPED GYM.
 
Price: £890,000

Click here to read Meranti House, 84 Alie Street, Aldgate , London, E1 8QB.



31 Perry Vale, London, SE23 2AR

Excellently located for transport and amenities, this gorgeous one bedroom flat located on the 1st floor is set within a wonderful development offering a quality open-plan living area, double bedroom and high-quality fixtures and fittings.
 
Price: £320,000

Click here to read 31 Perry Vale, London, SE23 2AR.




Coldwell Banker
Ground Floor Office, 9 Belvedere Road, London, SE1 8YL
southbank@coldwellbanker.co.uk