Sidcup Property News – February 2015 (25)

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Buying & Selling Renting & Landlords Fine Homes

Covering a varied selection of property for sale and to let throughout the London Borough of Bexley (Sidcup, Welling, Bexleyheath, Bexley), North West Kent (Dartford, Crayford, Swanley) & South East London (Eltham SE9, Woolwich SE18) as well as surrounding areas.

FEBRUARY 2015

DreweryP R O P E R T Y C O N S U L T A N T S

Newsletter February 2015

Tom Ferguson Sales Manager of Drewery PropertyConsultants reviews recent predictions and comments made fromfour of the UK’s leading property market forecasters on what weshould expect from the housing market in 2015 and over the next fewyears:Rightmove – forecast that the south-east would be the region withhighest increase in property values over the next five years. Aprediction has also been made by rightmove that the national averageprice will grow by a huge 30% with the south-east seeing rises of 37%and London 33%.Knight Frank – predicts that Britain's house price surge will slow downin 2015 as average property prices will rise by 3.5%, compared toyears of double digit growth spurts. However, while the average UKhouse price will slow over the next year, Knight Frank predict propertyprices are set to rise 18.2% between 2015 and 2019. Savills – The average house price will have risen 25.7 per cent by theend of 2018 according to forecasts made from the international estateagent. Savills says booming property values have ‘exceeded allexpectations’ over the last year. It predicts prices will rise by a smaller

four per cent this year, 3.5 per cent in 2016 and 2017, and thenthree per cent in 2018.Centre for Economics and Business Research – House prices will dip by0.8 per cent this year according to the Centre for Economics andBusiness Research, which has predicted 2015 will be a 'turning point'for runaway property prices. But despite the dip this year, growth willbe steady in the subsequent years, it predicts. By 2016, prices will berising 2.6 per cent annually and the year after, three per centWhat does seem agreeable by all the above is that 2015 will be theyear that we see a slowdown in house price increases possibly takingin to consideration the effect of the predicted interest rate increase thisyear. Most also agree that smaller regular increases could be seenafter 2015 and with perhaps the South East out performing London forthe foreseeable future as people move out from central London in tomore affordable areas. Please feel free to contact me if you wish to todiscuss the potential value of your home or wish to discuss the propertymarket further.Tom Ferguson t.020 8300 6761 [email protected]

Record start to 2015 butsellers will have to workharder this year� Highest ever Rightmove page views on Sunday 11thJanuary1 and site visits to date up over 10% on last year,setting a bullish early tone

� Price of property coming to market up 1.4% (+£3,798)in a month where prices usually fall

� Upwards price pressure as the number of propertiescoming to market (+2%) fails to replenish agents’historically low stock levels – currently 10% below sameperiod last year

� Activity boosted by Stamp Duty savings of up to £1,250for some first-time buyers – double incentive for early-birdsas average property price in this sector is down by£1,132 this month

� In spite of the above and low mortgage and inflationrates, sellers will have to work harder in 2015 than in2014:-

– election jitters and mortgage restrictions suggest amoderate reduction from the high transaction volumesseen in 2014

-– 2015 will be the ‘Year of the Selective Mover’ -lenders are selecting buyers who are good risks to lendto, and in turn buyers are very selective with theproperties they choose

Avg. Price Avg. Price Monthly Avg. Price AnnualJan 15 Dec 14 Change Jan 14 Change

Bexley £297,761 £290,239 2.6% £259,214 14.9%

Bromley £483,060 £451,562 7.0% £414,022 16.7%

RIGHTMOVE HOUSE PRICEINDEX FOR JANUARY 2015 PROPERTY OF THE MONTH

Acacia Way, The Hollies, Sidcup, DA15 8WW – Guide Price: £175,000 - £195,000

As Featured On Front Page …We are pleased to have been instructed as sole agents to market this one bedroom firstfloor Edwardian apartment, located in the sought after “Hollies” development. Thissought after development is in a parkland setting, but still just a short walk to Sidcupstation, local shops and bus routes. It features its own private onsite leisure complex(separate compulsory charger) offering tennis courts, indoor swimming pool, sauna,snooker table and gym.

The property itself briefly comprises: entrance hall, front lounge overlooking the parklandsurroundings, kitchen which has an open plan feel from the lounge, a main doublebedroom with fitted wardrobes and modern shower room. Externally there are communalgrounds and allocated parking.

The property is set within an Edwardian building full of character and located in adesirable location. The “Hollies” development offers easy access to local shops, busroutes and Sidcup train station.

WHAT WILL HAPPEN TO SIDCUP HOUSE PRICES IN 2015?

ESTATE AGENTS | SURVEYORS | VALUERS | RESIDENTIAL PROPERTY SALES | LETTINGS & MANAGEMENT

SIDCUP £975 PCM + fees*Eaton Road, Sidcup, DA14 4PE

Spacious, well maintained, but dated 2 bed semi detbungalow. Situated in residential road and close tolocal amenities, including Albany Park station. GCH.DG. Spacious lounge with doors to rear garden.Kitchen/diner. 2 good size bedrooms. Bathroom/wc.Rear garden. OSP for one car. Available now.

http://tinyurl.com/lodxc8o (ref 4013). Ref: 4013.

SIDCUP £880 PCM + fees*Fold Apartments, Station Road, Sidcup, DA15 7AP

Luxury 1 bed 6th floor apartment in the modern “Fold”development. GCH. DG. Lift. Video e/phone system.Lounge open plan to modern kitchen. Bedroom. Luxurybathroom. Communal roof terrace. Allocated externalparking space. Close to Sidcup station, shops & HighStreet. Available end February.

http://tinyurl.com/n5mal5g (ref 4020).

BEXLEY £1,250 PCM + fees*Stansted Crescent, Bexley, DA5 3JB

Spacious & well maintained 3 bed terr house. Walkingdistance to Albany Park station, shops and schools.GCH. DG. Neutral decor t/out. Lounge. Open plankitchen/diner. Conservatory. 2 double and 1 singlebedroom. Bathroom. Garden to rear. Avail Early April.Unfurnished. Available April 2015.http://tinyurl.com/cpzayje (ref 1628).

Experience Knowledge Trust

PROFESSIONAL PROPERTY SERVICES SINCE 1946

t: 020 8300 6761www.drewery.co.uk


SIDCUP O.I.R.O. £320,000Maylands Drive, Sidcup, DA14 4SB

3 bed semi detached house with easy access of local shops, schools and stations.Ideal family home. Through lounge with doors to conservatory. Kitchen. 3 bedrooms.Family bathroom. Off street parking to the front. Rear garden. Early viewingrecommended. Chain free.http://tinyurl.com/qyf6u5n (ref 3454).

SIDCUP Price: £375,000Rutland Avenue, Sidcup, DA15 9DZ

Spacious 2 bed semi detached “Ideal” bungalow, located in a quiet residehtial road,yet only a short walk from local amenities. The property requires some modernisationand is being offered CHAIN FREE. Lounge. Kitchen. 2 bedrooms. Bathroom. Reargarden. Driveway and single garage. Early viewing recommended.http://tinyurl.com/q2wfrxw (ref 3994).

SIDCUP £479,995Burnt Oak Lane, Sidcup, DA15 9DG

Impressive 4 bed semi det chalet style house. 19’10 x 16’1 larger than averagelounge. 21’1 x 20’0 modern open plan kitchen/diner. D/s bathroom. 13’9 x 11’3master bedroom, 3 further bedrooms. Upstairs shower room. Driveway to front anddetached garage. Approx 100` rear garden. Situated within a mile of Sidcup stationand walking distance to both primary and secondary schools.http://tinyurl.com/ogckqfl (ref 4018).

SIDCUP Guide Price: £190,000Maylands Drive, Sidcup, DA14 4RY

Well presented 2 bed first floor maisonette. Lounge. Modern kitchen & bathroom. 2bedrooms. Bathroom/wc. Private garden. Car parking space. GCH. DG. Easy accessto station, local shops & amenities. Ideal FTB or Buy To Let Investment.http://tinyurl.com/7kv64nn (ref 3004).



SIDCUP Guide Price: £275,000 - £280,000Warwick Road, Sidcup, DA14 6LJ

2 bed EOT period house with brick elevations in popularand convenient location. GCH. DG. Requiringupdating. 2 receptions. Kitchen. Lean-to. 2 bedrooms.Bathroom. Rear garden overlooking and borderingallotments. Great opportunity for buyer to modernise andimprove to their taste. Popular and convenient location.http://tinyurl.com/m6pjdb6 (ref 4015).


VIDEO PRESENTATIONVisit our Property Channelwww.drewery.tv

SIDCUP Guide Price: £825,000 - £850,000Lansdown Road, Sidcup, DA14 4EF

Impressive 5 bedroom, double fronted Edwardian detached house occupying a good sized plotand located within easy reach of amenities, including Sidcup station. 2/3 reception rooms.

Kitchen. Modern conservatory. D/s shower room. 5 good sized bedrooms. Family bathroom. Large loft and basement. 130` rear garden. Driveway to front with OSP for several cars.

Garage to side. Early viewing recommended.http://tinyurl.com/mzpoggy (ref 3807).

THE HOLLIES Guide Price: £175,000 - £195,000Acacia Way, The Hollies, Sidcup, DA15 8WW

One bedroom Edwardian apartment located on the soughtafter “Hollies” development. Front lounge overlooking parklandsurroundings. Kitchen. Main double bedroom. Modern showerroom. Communal grounds. Allocated parking. Sought afterdevelopment with own onsite leisure complex (separatecompulsory charge) and just a short walk to Sidcup station. http://tinyurl.com/ovasndy (ref 2800).

SIDCUP Guide Price: £174,000Manor Road, Sidcup, DA15 7JT

One bed first floor, purpose built flat in sought afterlocation, close to local amenities and walking distanceto Sidcup station. DG. Elec htg. E/phone system.Lounge/diner. Fitted kitchen. Bedroom. Modernbathroom. Communal gardens to the rear. Allocatedunderground parking.http://tinyurl.com/lspbdpf (ref 3757).

SIDCUP Guide Price: £77,900Glen Court, Station Road, Sidcup, DA15 7JU

Studio retirement flat in a development of 35 properties.Accessed by lift. Communal garden area. Car park.Communal lounge and laundry areas. Emergency pullcord alarm system to Scheme Manager or out of hourscall care centre. Walking distance to Sidcup High Streetand bus routes. Easy access to Sidcup station. Purchasersmust be over 60 years of age and retired. (ref 3970).

SIDCUP Guide Price: £595,000Brindle Gate, Sidcup, DA15 8BU

Deceptively spacious four bedroom detached house,located in desirable location. D/s wc. Lounge. Diningroom. Kitchen. Master bedroom with ensuite, 3 furtherbedrooms. Family bathroom. Rear garden. Off streetparking to front. Converted garage, currently used asstorage. Early viewing recommended.http://tinyurl.com/pm9zhql (ref 3883).

SIDCUP Guide Price: £359,995Bexley Lane, Sidcup, DA14 4JH

Deceptively spacious 3 bed semi det house. Throughlounge. Conservatory. Modern kitchen. 3 bedrooms.Spacious family bathroom with bath & sep showercubicle. Rear garden. Front driveway. Easy access tolocal shops, Albany Park station, bus routes and some ofthe borough’s sought after schools. Earyl viewingrecommended.http://tinyurl.com/p48ka5z (ref 3942).




Main Road, Sidcup, DA14 6PLSpacious 2 bed first floor flat in sought after location with easy access to Sidcup High St, station and public transport. GCH. DG. Security e/phone system. 16’9 x 11’6 lounge. Modernkitchen, 10’8 x 9’1 master bedroom with fitted wardrobes. Second bedroom. Modern bathroom. Communal gardens. Allocated parking space. Early viewing recommended.http://tinyurl.com/nd8kogu (ref 3948).

SIDCUP Guide Price: £230,000




Riverside Road, Sidcup, DA14 4PU3 bed semi detached house, recently improved by current owners. Spacious Through Lounge. Kitchen. 3 bedrooms. Bathroom. Sep wc. OSP to the front. Rear garden backing ontoFootscray Meadows. Easy access to Albany Park station, bus routes, shops and schools. CHAIN FREE.http://tinyurl.com/nr7mc92 (ref 4008).

SIDCUP Guide Price: £350,000

Exclusive Homes In Sidcup is a dedicated sales service created tosell exclusive properties towards the higher price end of theproperty market or properties which may be considered unique.

This service aims to offer the highest quality personal service butwith the attention to marketing which property of this type oftenrequires.

Use our Exclusive Homes service and see your property advertisedfull page in the Sidcup Property News which is delivered to over 7klocal homes.

For more information: 01323 [email protected] www.gabyhardwicke.co.uk

No Move, No Legal Fee

A competitive fixed fee with no hidden extras

Buyer Protect - a warranty that protects your out of pocket expenses if

the transaction falls through. Worth up to £1850

When you call us, we will speak to you, we don’t have voicemail

Gaby Hardwicke Solicitors is a long established progressive firm which adoptsa single standard -

Hastings Bexhill Cooden Eastbourne

A Different Perspective

Sales Department020 8300 6761

Letting Department020 8269 6600

Our telephone lines are open longer thanmost local agents and allow the public tocontact us at a time that is best for them -before or after work.

The extended hours ensure that no leads arelost and that anyone who is interested in oneof our properies can contact us to arrange aviewing or discuss a property further.

In a very busy world peoplenow expect professional companies to becontactable at all different times and not justthe old 9-5 it used to be.

Instruct Drewery to Sell or Let your propertyand benefit from our late telephone linesand ensure your property receives MaximumExposure.



CLOSING THE DEAL – ACCEPTING OFFERSSelling your property can be a complicated process, especially if it is your first time. There are a few things you shouldbear in mind.

Consider any offer carefully - Before accepting any offer, take into account your potential buyers situation. If they arehomeowners, it is important to ask if they have actually sold their property or whether it is on the market. Inquire if they havea mortgage in principal agreed and find out if they are part of a chain. Establish when they would want to complete. If theoffer is lower than you were hoping for but they can exchange quickly consider the benefits of a quick sale. Ask your agentto negotiate on your behalf as they will be experienced at this, and may be able to get the buyer to increase the offer.

* Exchange details of the solicitors acting on your behalf - Once you have accepted an offer and a price has been agreedyou will need to swap details of the solicitors acting on your behalf in order for the conveyancing process to begin.Conveyance is the legal term used for the practice of property ownership transfers. Your solicitor will charge you for this, usuallyaround 0.5% of the house sale. It is advisable to get a few quotes in order to obtain a competitive price. You should alsocheck how much you will be charged should the sale fall through. At this stage you should also take your property off themarket, you may be asked to enter into a Lock-out agreement which will prevent you from showing your house to any otherinterested parties.

• Always ask to see a copy of the survey - The buyer is likely to instruct a survey, if this highlights any problems the buyermay wish to offer a lower price or pull out of the deal all together. Before you enter into renegotiating the price, ask to seea copy of the survey.

• Read the small print - When it comes to exchanging contracts, ensure you have read the contract thoroughly and understandwhat fixtures and fittings the buyer is expecting you to leave. Also note the completion day and be sure you are happy withthe timescale. Source: naea.co.uk

The Landlord and Tenant Address Portal (Landlord TAP), an indispensable and exciting new utilitiesportal is now available for you to use. Landlord TAP makes it easier for Landlords and Managingagents of properties in England & Wales to provide water companies with details of those responsiblefor the payment of water and/or sewerage charges for their tenanted properties.

This is a very timely launch, considering that the Welsh Government introduced regulations from 1st January 2015 makingit mandatory for Landlords to submit information to relevant water companies regarding responsibility for water servicecharges.

Now, instead of needing to pick up the phone, or write to your water company, once you are registered, you may use theforms on this web site to provide the required information. This information is then passed to the relevant water companyautomatically, and you will receive a unique transaction receipt reference for your records.

This web site allows you to:

• Add new properties to your portfolio;

• Tell us about changes to tenant details, including changes of tenancy;

• Let us know when a property becomes empty; and

• Inform us if you sell or stop managing the propertySource: arla.co.uk

Why use Drewery Property Consultants?Established Agent: Drewery are the most established agent in the local area (est 1946) with a proventrack record and membership of the NAEA & ARLA.

Prime Office Location: Drewery occupy an unrivalled, prime location, close to Sidcup Station and majorsupermarket.

Experienced Sales Team: Drewery employ the most experienced sales & letting team locally withover 15 members of staff.

Maximum Internet Exposure: Drewery has the most dominant internet exposure locally includingRightmove, Primelocation & Zoopla, plus over 30 other property websites.

Contact UsDREWERY PROPERTY CONSULTANTS

128 Station RoadSidcup DA15 7AF

Telephone:

Sales: 020 8300 6761Lettings: 020 8269 6600

OUR LINES ARE NOWOPEN LATE

8.30am - 8pmMonday to Friday9am - 5pm Saturdays10am - 4pm Sundays

E: [email protected]: www.drewery.co.uk

www.drewery.tv

Office Hours:

9am - 6pm Weekdays9am - 4pm Saturdays

WOULD YOULIKE TO ADVERTISEYOUR COMPANY / BUSINESS

IN THE SIDCUPPROPERTY NEWS?Contact us on020 8269 6608for further details

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Sidcup Property News – February 2015 (25)