24 Property, Homes & Interiors Home & Property Where to buy and why


Bricks and mortar have always been regarded as a safe long-term investment in Britain, but as Ray Clancy discovers, the nation is a mixture of different housing markets with a wide range of prices, rents and growth


lately, offering good prices for buyers. What you do with a property investment varies, with some investors happy to buy a home and see the capital grow over the long term, while others buy to let out and aim to achieve a steady income.


W


London The capital has always been a popular place for property investment and attracts a large number of buyers from abroad. Brexit concerns have cooled the demand from overseas but analysis reports from real estate consultants Savills and Knight Frank suggest that the bottom has been reached and prices and rents are poised to start rising again — good news for those who want to see capital growth and rental growth.


ith Brexit coming, some markets such as those in London, have been more subdued


have been driven up by young professional buyers and the firm reckons the rail line will encourage even more buyers.


Acton With its mixture of Victorian terrace and 1930s houses along with a number of new developments, Acton offers property investors a range of potential homes and agent JLL is predicting that it too will benefit from the opening of the Elizabeth line. Overall sold prices in Acton over the last year were 12% up on the previous year and 15% higher than in 2015.


Cricklewood Regeneration is likely to boost the market in north-west London with Cricklewood and Brent Cross set to benefit from a £4.5bn regeneration project that will provide 7,500 new homes, 27,000 new jobs, new leisure facilities and improved green spaces. The development is set to be


Central London PHOTOGRAPH: GETTY The latest LCPAca index covering


June shows that there’s been a rally in average prices in Greater London over the last quarter and the opening of the Elizabeth line (Crossrail) is set to boost property prices and rents along its route connecting Essex to Berkshire via Docklands, the City and Heathrow.


Woolwich Estate agents are naming Woolwich as one location set to benefit from the Elizabeth line and prices have increased by 28.8% in two years. Even so, prices at an average of £323,940 are within the site of first-time buyers. According to Savills prices in Woolwich


Estate agents are


naming Woolwich as one location set to benefit from the Elizabeth line


completed in 2021 going into 2022. However, the first selection of off-plan properties will go on sale in the middle of 2019. Property prices in Cricklewood


have been flat in the last year, which means that those investing now could see good growth in the coming years, especially when a new Thameslink station opens in 2021, which will see the commute into central London cut to just 12 minutes.


Saturday 6th October 2018


Planning to develop A


ll extensions, outbuildings and material changes of use


need planning permission. In certain instances, deemed planning permission, known as permitted development (PD), is granted. Otherwise you’ll need express permission following the submis- sion to your local planning authority (LPA) of a planning application, with supporting documentation and the correct fee. In England, our planning system


is ‘plan-led’, which means that decisions are made in accordance with an adopted development plan. Interpretation of the policies within that plan can be a minefield. The intervention of expert guidance, and in some cases liaison with the LPA, can mean the difference between the grant or refusal of permission. Development without planning


permission is a breach of plan- ning control, for which the LPA


LSR Solicitors & Planning Consultants can assist you by carrying out a site appraisal to advise you of the development potential of your land and, if appropriate, seek planning permission on your behalf


may issue an enforcement notice requiring removal/cessation of the unauthorised development. Failure to comply is a criminal offence. It’s therefore essential to get it right to start with. LSR Solicitors & Planning Consultants can assist and advise you as to how you can maximise the benefits of your home.


Room for another? In certain circumstances, permis- sion can be obtained to erect addi- tional homes/buildings on land, or to change the use of existing build- ings. The success of such proposals lies with interpretation of planning policy. LSR can assist you by carrying out a site appraisal to advise you of the development potential of your land and, if appropriate, seek plan- ning permission on your behalf.


Dealing with disputes Unfortunately, development of land sometimes results in boundary disputes, party wall issues, high hedge disputes and other proper- ty-related conflicts. It’s essential to resolve such matters, especially if at some stage you’ll wish to sell. In addition to being expert in planning matters, LSR’s legal team is adept in the resolution of such property- related disputes.


Pipeline dreams Now could be the perfect time to realise those development dreams. To increase your prospects of success, and maximise the benefits and value of your property, LSR is here to help. Its expert team of planners and plan- ning lawyers will advise and support you every step of the way.


For more information: T: 01206 766333 E: info@lsrlegal.co.uk lsrlegal.co.uk


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32