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Pimlico – The Number One BTL Hotspot

Buy-to-let

Buy-to-let (Photo credit: Alan Cleaver)

Writing in yesterday’s Daily Telegraph respected Property Journalist Graham Norwood fingered Pimlico as the nation’s number one Buy To Let hot spot.

In a typical “New Year” article Graham explains why thousands of people have resolved to dive into the only housing sector that is truly booming: buy-to-let (BTL).

  • Average UK rents have risen by 13.6 per cent since 2009
  • Capital values in most places have stagnated or fallen.
  • The proportion of households renting has increased in the past decade from 31 per cent to 36 per cent. In Westminster, for example, four out of every 10 homes are privately rented, not owned.

Graham’s Top 10 buy-to-let hot spots in 2013

1 London, Victoria/Pimlico

2 Maidenhead

3 Exeter

Cambridge

5 Bristol

6 Milton Keynes

Inverness

8 Aberdeen

9 London, Canary Wharf

10 Central Manchester

Graham’s How to be a buy-to-let landlord Check List

• Do your research. Pick a sector: students, professionals, first-time buyers or retirees?

• Buy in winter when sellers are anxious and may sell cheaply

• Don’t buy in a large scheme.

• Choose areas with diverse employment, great transport links, such as Reading and Southampton

• Find the right mortgage, or remortgage your main home if this option is cheaper.

• Most buy-to-let mortgage offers require at least a 25 per cent deposit – a few want 40 per cent

• Avoid ground-floor flats, which tenants believe are security risks

• Family homes rent well if they are in key school catchment areas.

• Aim for five per cent return on your investment per year

• If you use a letting agency, ensure it is Association of Residential Letting Agents-registered

Forum discussion of the article

Complete Article Logo of The Daily Telegraph, a British newspap...

Westminster Morris Men

This Saturday is a great opportunity to see the Westminster Morris Men – established in 1953 in the City of Westminster, they have been widely recognised as one of the country’s leading mens’ morris teams.

Westminster Morris Men

Westminster Morris Men

Saturday May 12th is the Westminster Day of Dance when 12 Morris Teams will be touring London’s West End laying on free displays of dance. The guest teams joining the Westminster Morris Men are the Jockey Morris Men, Earlsdon Morris Men, Hammersmith Morris Men, Ravensbourne Morris Men, Thrales Rapper, Moulton Morris Men, Thaxted Morris Men, Yateley Morris Men, East Surrey Morris Men and Woodside Morris Men.

The sites close to Pimlico where you can see dancing are:

10:15-10:45
Victoria Embankment Steps
St Margaret’s Church, Westminster Abbey
Westminster Cathedral Piazza,
Victoria Street
Tate Britain
11:00-11:30
Cardinal Place, SW1
St Margaret’s Church, Westminster Abbey
12:00-12:40
The Sanctuary, Westminster Abbey


View WMM_DoD_Morning in a larger map

Full details of the the day are available from the Westminster Morrismen

Blogging on Pimlico, London, Renting, Property, and Flats – Pimlico

English: The Clock Tower of the Palace of West...

I try to keep this blog tightly on the subjects of Pimlico, Renting, and Flats. It’s not too difficult because I can use the Forum to ramble about other subjects, and this keeps the blog focussed.

I thought that I would stray a little to talk about this blog, and blogging, as a way of thanking my many sources of information, and I have broken the story into three parts.

Pimlico

Renting

Property

 

 

Pimlico

Blogging about Pimlico is probably the easiest of my 3 core subjects, particularly since I define “Pimlico” as being anywhere within walking distance of Pimlico Flats – so that covers Central London, and makes:

  • Victoria & Belgravia “North Pimlico”,
  • Kensington and Chelsea “West Pimlico”,
  • Battersea, Vauxhall, Stockwell, Clapham “South Pimlico”
  • Westminster, Soho “East Pimlico”

I try to focus on free and little published events and attractions, as the bigger professional things are generally commercially advertised and known about. My biggest source of information is the weekly publication The Pimlico News and Journal which is something that I publish myself and is automatically curated from various feeds. It has been sufficiently successful that I now carry it as a page on this website which can be accessed from the menu on the left.

It’s a great Newspaper but I must give thanks to some of the contributors. There are of course the usual traditional sources of information, BBC, Newspapers, but the purpose of niche blogging is to uncover the real story, and here are the local blogs and websites which I follow in order to reach the news other blogs can’t reach:

London Blogs

  • Foremost has to be the Westminster Chronicle  just because we need professional journalists and local newspapers in our lives, and if you don’t use them and pay for them we will lose them, and be all the poorer. I don’t know how the power of the internet will pan out, but printed news is under pressure from free blogs like this, and the free “Pimlico News and Journal” that I just promoted. In spite of my competition with the Chronicle all I can say is that we need our local shops, and newspapers, so please buy a copy from your local newsagent.
  • Londonist  a website about London and everything that happens in it – it’s a professional publication set up in 2004 as The Big Smoker. I like it because, although it is a comprehensive London-wide reference resource, it carries this off with humour and is in touch with it’s community roots (e.g. the Hand Drawn Maps initiative). They provide everything you need to know about the capital, as well as celebrating the quirks, eccentricities, hidden and surprising bits that make up the alternative side of the city.
  • Discovering London – which I juxtapose alongside Londonist because Peter’s blog is small, if not tiny, yet it is brimming over with personality, quality, and originality. Peter has yet to reach his 1st anniversary of blogging, but already his website is one of my favourites.
  • Tired of London, Tired of Life began in October 2008 as a place to document those moments of inspiration for making living in London exciting & different. Doing the same thing day after day can get anyone down, but our city has an almost infinite number of things to see and do. If you’re not getting the most out of London, it is a sad truth that you have no one to blame but yourself. This site was part of a personal plan for the author to get the most out of the greatest city on earth, and it has worked.
  • Going Underground Look at what the mainstream press has to say! The magic, mystery & sometimes maddening shortcomings of London’s Tube are documented with love, enthusiasm & sometimes despair by its unofficial social historian ……. The best blogs have a tinge of obsession about them … On some mornings it can feel like the only reason to be grateful that the Tube exists … one of London’s obsessives
  • Young and Poor  Cheap/free events, gigs, food & drink, or sales —  never paid to mention things so it’s only things worth recommending.
  • Ian Visits does NOT list the mainstream music/theatre/film events which are already so well supplied by the major newspapers and magazines – but DOES list the heritage open days, walking tours and mostly, the astonishing array of free (or cheap) lectures that the societies and universities of London provide. It’s a personal resource of remarkable usefulness.
  • Boris Watch An act of frustration, at the loss to apparent personality politics, and the accusation that somehow young people are to blame …… but also a great tap into the stories that THEY don’t want you to read about.
  • Laura Porter London-based travel writer & VisitBritain Super Blogger, mum, copywriter, tea drinker, afternoon tea addict & all-round London obsessive. She is a professional travel writer for About but I have recommended her twitter feed as she is a model in how to use Social Media. She does so much more than just promote her own writing, and is very generous with the links and information that she publishes. Consequently I would say – if you want to keep your finger on the pulse of mainstream London – follow Laura.

 

English: Pimlico tube station backlit platform...
Now publishing any list of recommendations is always fraught – you forget someone important, offend others, and no doubt there are excellent resources that I am yet to stumble across. I have tried to give an honest account of how I produce the Pimlico Blog, but by no means would I say that it is perfect. I would be delighted if readers add their own suggestions in the comments of websites and blogs that we should all be reading and following.

Pimlico Road Interior Design Shops

On Pimlico Road, Antiques stores are joined by bespoke furniture makers, such as Soane and Linley, and dealers of midcentury treasures like Gordon Watson and Lamberty. And the street’s gravitas continues to grow, thanks to new additions, including Coote & Bernardi, Talisman, Luke Irwin and Plus One Gallery. So, with Pimlico Road this year being named the London Design Festival’s newest design district, Interior Design Magazine Wallpaper has done a detailed review of Pimlico Road’s businesses as part of their Street View series.

Pimlico Road Shops

Pimlico Road Shops

1 Luke Irwin hand-knotted rugs

2 Gordon Watson cutting-edge 20th-century art and design

3 The Orange rustic-looking gastropub

4 Talisman furniture emporium

5 Daylesford Organic smartly packaged quality farm produce.

6 Lamberty 20th century art and design.

7 Soane Britain high-quality antiques

8 Coote & Bernardi furniture and textiles collections

9 Mark Ransom signature antique pieces and decorative accessories

10 88 Gallery rare and original 20th century decorative arts

11 Plus One Gallery hyperrealist, abstract and surreal art

12 Jamb antique and reproduction chimneypieces

Video courtesy of The Pimlico Road Association

Pimlico Riots – London Tenants Arrested & Evicted

Rioter

Rioter

An example rioter – click on the picture to see more and if anyone recognises individuals in the photographs or has any information about the violence and disorder that has occurred they should contact the Major Investigation Team on 020 8345 4142. Alternatively anyone can report crime and provide information anonymously to Crimestoppers on 0800 555 111.

Police carried out raids on four flats in Pimlico and two 18-year-old men and a 29-year-old man were arrested on suspicion of burglary and violent disorder on the Churchill Gardens Estate. Searches of their properties recovered £1,600 in cash and thousands of pounds worth of Hugo Boss clothing taken from the Hugo Boss store in Sloane Square which was looted on Monday night.

A number of Councils and Housing Associations in London, Manchester, Salford and Birmingham say that they intend to evict tenants involved in rioting (and Grant Shapps has jumped in to back them, as has David Cameron)

A prayer vigil will be held from 2pm to 4pm today at Methodist Central Hall, in Storey’s Gate, in response to the current civil unrest. Given the national mood about the rioters they are going to need every prayer they can get.

Westminster City Council Property Investment Manager Suspended

Logo of Westminster City Council

Image via Wikipedia

An article in Property Week reports that the officer responsible for Westminster City Council’s investment properties has been suspended pending an internal investigation – for legal reasons the details of the allegations are not reported, although the officer is named as Alistair Rudd, one of the council’s most senior employees.

Rudd has been responsible for several significant property and lease disposals for the council:

  • The sale process for North Wharf Gardens, the former site of North Westminster Community School, under offer to Zog Group for around £120m.
  • Westminster council’s car parks disposals, which included the sale of Chiltern Street Car Park in Marylebone.
  • Deciding on an occupier for Old Marylebone Town Hall.
Clearly the news is of major import, and will attract much attention over the coming weeks.
Property Week

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VACANCIES

To View please phone Phil on 07788 370528

July 2015

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1 Bed Studio Flat £1000 pcm

2 Bed Flat £1800 pcm

Short stays £150/Night
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