To Rent! A characterful and freshly refurbished one bedroom ground floor apartment, situated in a quiet gated development with a communal outdoor area and access to Regent’s Canal. Take a video tour below…
The Today programme on BBC Radio 4 reports that tenants in east London are being evicted from their homes as landlords attempt to cash in on the Olympics.
The National Landlords Association has condemned the practice, saying it is more beneficial to landlords to have a good, long-term tenant in their property.
The influential New York Times travel section has published a guide on how to spend 36 hours in East London. Click the photo to go to the article…
NY Times Travel - 36 hours in East London
The average rate of a five-year fixed mortgage has decreased over the past year, from 5.59% to 4.86%. The last time they were this low was April 2010. The falls will trigger interest from home owners because many lenders will increase their Standard Variable Rates from May 1.
In an effort to showcase their CGI skills and their rich imaginations the architects Dowling Jones & Stone released plans for a floating motorway on the Thames supposed to prevent total traffic gridlock in London during the Olympics.
Tongues firmly in cheek they reported that it would be for exclusive use by Olympic “fat cats.” Plans include an extravagant interchange at Tower Bridge.
Thanks to Gordon Ryan at appliedsense.ie for pointing it out to us.
Click the photo for more great photos:
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The Obsever reported over the weekend that with the opening ceremony fast approaching, many homeowners close to the Olympic Park are realising that the sublet bonanza promised by the Games may not be quite as lucrative as they expected. This has been predicted by Findlay Property for the past 12 months.
Olympic Landlord
The Independent have published a realistic guide to letting during the Olympics. Here are the stand out points:
1. If you are currently letting it to tenants, don’t terminate your existing rental agreement for two weeks of higher rent – good quality long-term tenants are worth their weight in gold
2. Centrally located properties, waking distance from public transport will do well – remember too that guests will be expecting hotel standard accommodation
3. As a rule of thumb, look at 2-3 times the standard rental value of the house: a typical three bedroom property in Shoreditch which is convenient for the Olympic Park would let for £600-£800 per week so during the Olympics this would go up to around £2,000, maybe even £3,000.
The influential ratandmouse website reports that FT Advisor picked up on Council of Mortgage Lenders data showing rents beginning to fall and predictions by YouGov’s head of financial services that the UK would be a “nation of renters” by 2020.
The ratandmouse says that the piece points out increasing buy-to-let lending, too, and identifies a new trend among landlords… with rental properties seen as pension investments rather than the basis for larger professional landlord portfolios.
The New York Times today reports on the 300,000 Parisians who have moved across the Channel to Paris-on-Thames, aka London. They come in search of jobs and the global swirl: that raucous mix of innovation and grunge missing in a too-perfect Paris.
A new lycée, a new radio station (French Radio London) and a new electoral constituency all testify to the exodus, as did the appearance in London last week of the French Socialist candidate François Hollande.
More than 300,000 French now live in London, making it the sixth-largest French city. Most are under 40. They learn English and they learn that globalization is not merely the catalogue of woes so laboriously laid out by the French left over the past couple of decades.
Click to go to NYT story by Roger Cohen
BFLS the award-winning, design-led architectural practice behind One Hyde Park have unveiled plans for an eco-tower at Dalston.
The site at 51-57 Kingsland High Street was occupied by the Peacocks Stores, a long-running department store that stands near Dalston Kingsland Rail Station, and thus benefits from excellent transport links.
The part 7-floor, part-18 floor building will have 130 new apartments, plus 1,107 square metres of retail, green walls, and a planted roof garden for residents to enjoy about 50 metres above ground level. In total the collection of green roofs add up to about 1,000 square metres of outdoor space.
The view from Ridley Road
The view from Kingsland High Street