Pimlico – The Number One BTL Hotspot
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
4 Cambridge
5 Bristol
6 Milton Keynes
7 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
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
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
