Brik Property Magazine - Q2 2017

Q2 17 LONDON PROPERTY & LIFESTYLE MAGAZINE

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BACK IN FULL SWING? The market looks like it’s bouncing back after Brexit but there are likely challenging times ahead

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Made in Britain, Built to Last www.roundhousedesign.com West End | Clapham | Fulham | Richmond | Cheltenham | Guildford | telephone 020 7297 6220 | sales@roundhousedesign.com

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Experts anticipate an increase in activity levels as reflected by the rise in the number of properties listed for sale in Fulham and the volume of buyers lining up to buy them.

London-based interior design firm Studio MacLean have renovated a substantial family home in West London with Crittall dividers and classic finishes.

If you are considering becoming a landlord, now might be the right time, but be weary about tax changes that have recently come into force.

26 HOT TUBS

32 SELLER’S GUIDE

Interior designers Magenta Pink pick out the best in free-standing baths for the perfect bathroom. Bring on the bubbles!

Whatever your situation, we’ve got some sound advice on how to sell your property in the current market.

SPRING BLOOM FOR MARKET

INSPIRATION TRANSMISSION

RISING COSTS OF LETTING 03 brik.co.uk

34 SHOWCASE Highlighting recent renovations and refurbishments carried out by London’s finest developers and designers.

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16 THE GREAT OUTDOORS Spring has sprung and our thoughts now turn to our benighted balconies, terraces and gardens.

20 PRETTY LITTLE THINGS

22 BUYER’S GUIDE

30 GARDEN 2.0

Advice from the experts on taking advantage of a buyers-market and securing a great deal.

It’s time to get your garden Summer-ready with the latest technology. Josh Woodfin looks at all things green.

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CONTRIBUTORS

JOSH WOODFIN Property Journalist

MARC DA SILVA Property Journalist

EDWARD CHECKLEY Partner, Private Finance

Josh Woodfin is a writer and editor with nearly 10 years experience including credits with the Guardian, House, Esquire, and numerous other high-profile magazines and websites. His interests include antique maps, cooking with fish, and post-apocalyptic thrillers. He once beat Usain Bolt in a race... with an 80-meter head start.

Property journalist, Marc Da Silva, has an encyclopedic knowledge of all things property having written for a range of publications, including the Daily Mail, Daily Express, Sunday Business Post and A Place in the Sun, amongst others.

Edward has worked in the mortgage industry for almost ten years. When it comes to finance he’s seen it all.

Everything from high-street banks and building societies, to offshore lenders and bridging finance. So when it comes to knowing what’s happening in the world of money he’s a good place to start.

KATE THORNSTON Magenta Pink Interiors

VERONICA LUCEY Magenta Pink Interiors

ROWENA VAUGHAN RJV Designs

Kate Thornton is a partner at Magentapink Interiors. She formerly worked in a Barristers’ Chambers but having renovated several houses of her own decided to re-train and set up Magentapink Interiors in 2010 with friend and business partner Veronica Lucey.

Veronica Lucey is a partner at Magenta Pink Interiors, a Fulham based interior design studio. She previously worked in advertising but decided to follow her passion for interiors and changed careers in 2010 setting up Magenta Pink Interiors with friend and business partner Kate Thornton.

Rowena studied interior design at London’s prestigious Chelsea School of Art (UAL).

She has over 20 years experience refurbishing everything from a simple residential bathroom to the Crockfords Casino Mayfair.

H OTE L

11 Mirrors D E STINATIO N

Kiev, Ukraine O R IG INALS

Wladimir Klitschko, Ruslan Oleksenko

At Design Hotels™ we believe in the power of creative expression.

That’s why each of our 280-plus handpicked independent hotels reflects the idea of a visionary; people like Wladimir Klitschko and Ruslan Oleksenko, whose 11 Mirrors, in Kiev, is infused with elements and amenities that reflect Klitschko’s years of international globetrotting as a boxing legend and real estate developer Oleksenko’s bold business instincts. Together, the duo has irrevocably altered the heart of Ukraine’s capital. designhotels.com

PROPERTY MARKET

SPRING BLOOM FOR PROPERTY MARKET WORDS

MARC DA SILVA Property Journalist

Having taken a major knock following the introduction of the stamp duty surcharge last April and the shock of Brexit, with prime minister Theresa May having now triggered Article 50 to formally begin the process of withdrawing from the EU, some doomsters forecast that property prices in prime areas like Fulham will continue to fall, and yet prospects for the housing market here are now starting to look rather promising.

The market in Fulham has been subdued for some time, but there are currently plenty of signs of renewed activity, on the back of the UK’s strong economy, recent property price falls, declining unemployment, record-low interest rates, and an influx of international purchasers

Asking prices in Fulham have fallen by 10-15% since they peaked in late 2014, when former chancellor George Osborne increased stamp duty on properties over £1 million, according to analysts at Brik.

The price falls, combined with a 15% drop in the value of the pound against the dollar since the EU referendum last June, means the Fulham market is now around 30% cheaper for an overseas buyer – and up to 40% less expensive for some individual properties.

The fall in property prices reflects the fact that sellers are increasingly aware of the need to factor in the impact of higher stamp duty, not to mention political and economic uncertainty, into asking prices in order to attract cautious buyers, and it is a strategy that appears to be working.

TRANSACTIONS Property sales in Fulham have picked up significantly in recent weeks as purchasers look to take advantage of more ‘realistic’ asking prices,

according to James Sims, sales director at Brik.

“We are seeing a lot more buying and selling activity across all price brackets,” he said. “Most buyers are taking a minimum ten-year view with their acquisitions, as they acknowledge that life must go on, despite economic and political challenges.”

The housing market has long required a boost in supply and so it is good to see that new listings rose in March, and could yet increase further as sellers list their properties in time for the spring market.

James commented: “It is very encouraging to see that new stock levels are rising as we enter spring, which is a traditionally strong period for the property market, as reflected by the recent surge in the number of applicants registering to buy, many of which are wholeheartedly committed to purchasing.”

But despite the rise in the number of properties for sale, the National Association of Estate Agents (NAEA) report that there are currently 11 purchasers chasing each property for sale and in many cases the number is far higher here in Fulham.

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From taking a leisurely stroll and enjoying the local history to eating out and taking in the stunning views, few would deny that when spring arrives there are not many better places to be living than on or near the River Thames, which may explain why demand for property in and around Fulham is rising and the local property market is blooming.

looking to escape the Trump-effect and increasing instability in Europe by taking advantage of the weak pound to secure a safe haven asset in one of prime London’s smartest areas.

GAME ON So it seems conditions in the market have started to improve. Your purchase or sale is now within sight. However, choosing the right estate agent to drive your sale is crucial. Teeing off at the right asking price is essential.

IRON WILL It’s unlikely you’re going to get a hole in one this time. It’s a long process and you’ll need to play the market with skill to achieve your goal. Consistency and not letting volatile market conditions throw you off course is the ticket.

08 brik.co.uk BREXIT BUNKER It may seem the fairway is clear, although there could well be some unexpected outcomes from the ongoing negotiations. Accept that things may get difficult, at least in the short term.

PUTTING PERFECT Once you’re on the green you’ll need to be extra vigilant.

It’s here, during the conveyancing period where your agent’s skills can ensure that your sale is in the bag.

Anything can happen until exchange.

PROPERTY MARKET

Consequently, a greater volume of homes are selling for in excess of the original asking price, as sealed bids and gazumping starts to return to the market - another sign of the remarkable spring revival of a market that has been rather sluggish for the past couple of years.

“With high levels of interest from buyers, we’ve seen two sealed bids in recent days, and a few more being lined up on behalf of people looking to sell property quickly at the best possible price,” added James, who reports that the market is picking up across all price ranges, particularly in the sub-£1 million bracket where stamp duty rates are lower.

Given the ongoing supply-demand imbalance, it is perhaps unsurprising that property prices in and around Fulham are starting to rise once more.

[The price] uplift is an indicator of a shortage of suitable property for sale,” said Miles Shipside, Rightmove director and housing market analyst.

“There is strong demand for the right property at the right price.”

But while buyers are now jumping in where they see good value, good locations, or both, they remain price sensitive and continue to avoid anything that looks overpriced.

THE PRIVATE RENTED SECTOR Activity in the private rented sector, which now forms a crucial part of London’s housing tenure mix, is buoyant, but as we enter the traditional letting season, there remains a lack of properties available to rent, which means that the number of prospective tenants continues to outstrip supply, perhaps supported by a return in the volume of corporate tenants registering to live in Fulham.

With renters facing heightened competition, rental prices are rising across the area, as reflected by the latest HomeLet Rental Index, which shows that rents in the capital rose 1.6% in February compared with a month earlier.

The average rent in Greater London for a new tenancy starting in February was £1,520 per month, up from £1,497 a month earlier, based on HomeLet’s figures, but the rents being achieved in Fulham are generally higher, reflecting the desirability of the area as a place to live and work.

But while demand for rental property remains strong, research from HomeLet shows that landlords’, conscious of the need to raise rents to offset an increase in their tax liability, remain mindful of tenants’ ability to pay higher prices.

“In recent months, we have seen landlords treading very carefully with rental price rises,” said Martin Totty,

chief executive of Barbon Insurance Group, HomeLet’s parent company.

While it is very much a ‘landlord’s market’ at the moment; an attractive proposition for buy-to-let property investors, which largely explains why many shrewd investors currently view Fulham as a safe place to invest in property, there are concerns about the impact of recent tax changes on the private rented sector, including mortgage interest relief and stamp duty reform.

Many buy-to-let landlords had hoped that the Chancellor Philip Hammond would use his recent Budget statement to the House of Commons to reverse some deeply unpopular tax changes announced by his predecessor George Osborne.

But in the end there was widespread disappointment that Hammond chose to overlook all of these concerns, having failed to even give housing a mention in his speech.

Nevertheless, as a long-term investment, property has historically performed well, and although the government has changed the traditional buy-to-let landscape, which will have long-term ramifications for the rental market, the fact remains that demand for private rented accommodation is growing, void periods remain low and yields are broadly stable, while prospects for future capital growth continue to look promising.

In the face of political and economic uncertainty - domestically and globally - a stable return on property in Fulham will remain a prime asset that investors will want exposure to.

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The latest figures from the Land Registry reveal that the average price of a home in London experienced the greatest monthly price growth in January with an increase of 3% to £490,718, against a national average rise of 0.8% monthon-month, taking the average UK home value to £218,255.

The same could be said as far as renters are concerned, but rental costs are on an upward trajectory, the latest figure show.

NEWS & INTERESTS

BRIKOLAGE SERPENTINE PAVILION ARCHITECTURE

23 June – 8 October 2017 Diébédo Francis Kéré, an award-winning architect hailing from Burkino Faso, has been commissioned to design the 2017 Serpentine Pavilion. The annual commission invites an international architect to build his or her first structure in London, and has become one of the most anticipated attractions of London’s summer season.

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Kéré, who leads Berlin-based practice Kéré Architecture, has conceived a bold, innovative structure that brings his characteristic sense of light and life to the lawns of Kensington Gardens. Inspired by the tree that serves as a central meeting point for life in his hometown of Gando, Kéré’s design seeks to connect its visitors to nature and to each other.

The structure engages with the ever-changing London weather in creative ways. The Pavilion has four separate entry points with an open-air courtyard in the centre. In the case of rain, a circular opening channels rainwater from the roof into a central waterfall, before being collected for later use in irrigating the park.

Kéré’s design follows Bjarke Ingels Group (BIG), whose ‘unzipped wall’ structure was visited by more than 250,000 people in 2016.

BACK IN FULL SWING? ON THE COVER

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After a cascade of political uncertainty it seems that the property market is beginning to move. Predictions of modest price rises in the next couple of years are stirring buyers into action.

The fallout from yet unknown Brexit negotiations could dampen the market intermittently. That said it seems that turnover in the market is picking up along with what seems like a bounce back from the initial Brexit shock. Game on!

NEWS & INTERESTS

NOW HEAR THIS PRODUCT DESIGN

UK copyright law, with regards to furniture and lighting, has come into alignment with that of mainland Europe. This extends the protection given to designers and the licensed manufacturers of their works, which in the UK have been

especially vulnerable to the trade in inferior quality, looka-like products. Following long campaigning from manufacturers, designers, design writers and retailers, the repeal of section 52 of the Copyright, Designs and Patents Act 1988 means that copyright on industrially produced works of ‘artistic craftsmanship’ is

now significantly lengthier. The original copyright was 25 years after introduction to the market.

It has now been extended to span the lifetime of the designer plus another 70 years. It’s hoped the new protections will help incentivise on-going investment into new design in the UK. Fitting a table out with Eames chairs is now going to get quite pricey!

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PHOTO LONDON 2017 EXHIBITION

18 – 21 May 2017 Somerset House Now in its third year, Photo London has established itself as a world-class photography fair.

The four day event harnesses the city’s outstanding creative talent and brings the world’s leading photographers, curators, exhibitors, dealers and the public together to celebrate the art of photography. Day Passes start at just under £30.

INTERIOR & DESIGN

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INTERIOR & DESIGN

WEST LONDON HOUSE STUDIO MACLEAN

London-based interior design firm Studio MacLean have renovated a substantial family home in West London. The client requested a clean and timeless interior, Studio MacLean responded with a monochrome palette incorporating classic materials like oak, cherry wood and marble.

Expansive use of white is offset with black finishes, including custom-made ‘Crittall’ steel doors, radiators, fittings and furniture.

The kitchen has a practical layout with solid cherry wood cabinets and white marble tops

and sinks. The monochrome palette is most prominent in the bathrooms which feature black steel shower screens, custom-made marble shower trays and sinks, a black bathtub and white handmade hexagonal floor tiles.

One of the most striking features of the house is the bold collection of industrial chandeliers and wall lamps. They were custom fabricated

by French lighting company WO & WÉ and give each living space a unique character.

The house is furnished in a fairly sparse fashion with handsome design classics and curated objects, the final result being an elegant and timeless family home.

brik.co.uk

INSPIRATION TRANSMISSION

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LANDLORD’S GUIDE

LANDLORD’S GUIDE WORDS

JOSH WOODFIN Property Journalist

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Despite the changing political landscape it seems that London, the largest city currently in EU, is still in great demand. The first quarter of 2017 has seen positive activity in the prime London property market, with a little or no reduction in rental prices along with robust levels of demand, meaning the coming year is looking good for existing and prospective landlords.

brik.co.uk

So, if you are considering becoming a landlord, now might be the time.

However, if there is a cloud on the horizon, and sadly there usually is, it takes the shape of the tax changes that, announced in 2015, have now come into force from this April. From the 1st, the changes will be phased in over the next four-years, and the headline is that the Income Tax relief landlords can get on residential property finance costs will be restricted to the basic rate. In short this means that you will no longer be able to offset the full cost of financial costs, such as mortgage interest, against tax, meaning your tax bill will likely increase and letting will become less profitable.

This year, the maximum percentage of finance costs deductible from rental income will be 75%, while

the percentage of basic rate tax reduction will be 25%. So, with this tax reduction decreasing, what will it cost you to buy and rent a home over the next four years?

Working on figures for a £600,000 two bedroom prime property in Central London today, you’re looking at forking out almost £200k in initial purchase costs, just to get in the game. This includes a £150,000 deposit, £4,250 in mortgage product and legal fees, £20,000 in stamp duty plus an additional £18,000 in extra stamp duty, making £38,000 in total. That’s the additional 3% stamp duty payable for those buying second homes that came into force April last year. In total it’s a decent amount, but is it one that will pay off in the long run?

Well, according to recent figures, there’s certainly going to be a market for your property. A new report from the Mayor of London, creatively titled ‘Housing in London: 2017’ asserts that private renting in the capital will match the levels of homeownership in London by 2025.

In just eight years, it expects both private renting and homeownership to each account for 40% of all London households, while social renting will make up just 20%. So as the capital grows, more and more people will enter into rental accommodation, mainly due to the

unachievable cost of owning.

It seems London is moving towards a market that more closely mirrors that of cities in continental Europe such as Berlin and Amsterdam, where young professionals and families rent indefinitely.

Generational shifts affect property markets, and for some people who make Central London their home, but perhaps sit just under a threshold needed to buy a property in their preferred area, long term renting isn’t the apocalyptic scenario some older generations might think.

However this will continue to grow into a larger and larger issue as low wages and high proportional rental costs relative to income can stymie available spending in other areas of the economy, whilst not least leave many people in a difficult position to save.

If the rental market grows to the sizes predicted then it is likely that standards and demands will need to rise. Without getting too political, more and more of the voting population will become tenants, and that will drive subsequent government policies. Tenants’ demands rise with prices, and it will be the responsibility of landlords to provide better homes. And, of course, this will also benefit the landlords as they’ll be able to charge more. However it is likely the government will have a very tricky

TODAY

2017–2018

2018–2019

75%

2019–2020

100%

2020–2021

£192,250

£492

£436

£380

£324

Initial purchase costs (excluding mortgage)

Monthly profit after tax

Monthly profit after tax

Monthly profit after tax

Monthly profit after tax

INITIAL PURCHASE COSTS

MONTHLY BREAKDOWN Net profit after tax

4,250 £ Associated fees

dditional taxable amount A (as percentage of mortage repayment)

150,000 £ Deposit

Mortgage repayment (£1,120 pcm)

road ahead, balancing the needs of a burgeoning rental sector whilst incentivising landlords as best as is possible to continue to provide a necessary service. It could be, as this article goes someway to help explain, that the economy of letting for small landlords just won’t add up anymore. Perhaps future rentals will be an economy that only works at scale, and that may be provided for through larger companies that are also easier to police, especially regarding legislation. Certainly the

Tax Rental income before tax (£830 pcm)

THE RISING COSTS OF LETTING • £600,000 2 bedroom flat • £450,000 interest-only mortgage (5 year fixed rate at 2.99%) • £1,950 monthly rental (£450 per week) • 40% tax rate • Capital appreciation not taken into account • Figures for illustrative purposes only.

private rental sector is regularly talked about in, shall we say, not such a positive light when it comes to government policy and the news. This could suggest that there may be a larger agenda to move generally in this direction.

That said, a recent report predicts capital growth in property in 20192020 of up to 7% per year, so putting your money into property should remain a lucrative business.

Hence, the market is still strong as

ever for private landlords. Rental returns in London have always been lower than most of the UK and it seems that this may reduce further with added levies. Of course though, London property is one of the fastest growing assets available and is also considered one of the safest. Couple that with healthy demand from tenants and it’s likely that even despite this new legislation coming into force we will see a continued growth in the sector for some time to come.

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18,000 £ Stamp duty on second home

£20,000 Stamp duty

Taxable rental income (before mortgage interest tax relief) £1,950 pcm

Mortgage repayment £1,120 pcm

50%

Taxable rental income (before mortgage interest tax relief) £1,670 pcm

25%

Taxable rental income (before mortgage interest tax relief) £1,390 pcm

Net income before tax £830 pcm

Taxable rental income (before mortgage interest tax relief) £1,110 pcm

LANDLORD’S GUIDE

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INTERIOR & DESIGN

brik.co.uk

THE GREAT OUTDOORS WORDS

ROWENA VAUGHAN RJV Designs

Spring has sprung and our thoughts turn to our benighted gardens, terraces and balconies, likely suffering from a lack of love and sunlight. In London, where space is at a premium, what does one do to maximise ever-precious outdoor areas? Like many parts of our homes there are colours and trends that go in and out of fashion, but in the case of the garden don’t think about the short-term impact, rather about how it will change in the long-

term. The flowers, trees and bushes will mature over time and this gives the space a wonderful variety!

When planning your garden it’s important to consider its ultimate purpose. Is it going to be for children, with swings, a climbing frame and trampoline? These items take up space and require some thought before being built into the garden. Is it going to be an outdoor entertaining space complete with comfortable chairs, fire pit, dining table and barbeque? Or is it going to be a gardener’s garden – full of delicious fruiting trees, vegetables

and glorious blooms? These three types of gardens require vastly different approaches. As with anything, the final finish is dependent on the initial planning.

TILES OR DECKING? If installing tiles, look for the ones that have the correct texture (slip prevention ‘R’ rating for floor surfaces – the higher the number, the better the grip) so that you don’t slip when they are wet. When opting for decking, consider the fact that it won’t last forever and that it can become slippery when moss grows in the winter.

INTERIOR & DESIGN

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Garden in Barnes by Claire Mee, Garden Design & Build: clairemee.co.uk Cocoon Collection, Single Orange by Cocoon World: cocoonworld.com Florida high Cube by Round Wood: roundwood.com

brik.co.uk

Garden by Stefano Marinaz Landscape Architecture: stefanomarinaz.com

INTERIOR & DESIGN

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Timeless chaise by Living Concrete livingconcrete.co.uk

brik.co.uk

Pro Series Festoon Lights by lights4fun lights4fun.co.uk Yanartas Steel Fire Pit notonthehighstreet.com

LIGHTING Illuminating your garden is now so easy with a wide variety of LED lights – there are some fantastic new products on the market. You don’t have to install a wired-in system, a solar powered setup will be sufficient as LED lights draw very little power.

If you do install a wired-in system, garden and lighting designers recommend lighting from the bottom of trees and structurally interesting plants, as this throws interesting shapes and shadows.

Add small LED lights to steps for lighting your way, and twinkling fairy lights or hummingbird lights in the trees for a magical effect.

are stunning planters in bold and vibrant colours which will give your garden that pop of colour even in the dullest of winter months.

FURNITURE Furniture for the garden is changing. All sorts of different materials are being used, one doesn’t need to stick to traditional wooden furniture.

One fashion item that should be enjoyed in all gardens is the fad for outdoor fire pits, like the round fire pit from notonthehighstreet.com.

Living Concrete produces some fun and funky furniture items, made of – you’ve guessed it, concrete!

For the braver amongst you there

And the most exciting news for those of us living in Fulham is that the Fulham Garden Centre is reopening in the spring as a garden centre, the place to buy plants, bulbs and seeds for the garden.

E S T. 1 9 8 7

MA KE E V E RYDAY A L A I DBACK SUN DAY HIVE BY E G O PA R I S

Leisure Plan Showroom Stansted Mountfitchet Essex, CM24 8HD

Tel: +44 (0) 1279 816 001 sales@leisureplan.co.uk leisureplan.co.uk

INTERIOR & DESIGN

PRETTY LITTLE THINGS

20 brik.co.uk ORANGE WALNUT RACER $24.99 | candylabtoys.com FRANKLIN CHANDALIER £439 | futureandfound.com DELTA CLOCK BY LAWA £91 | lawadesign.dk RUMI CHAIR FOR KNOLL £1,695 | aram.co.uk PALM PRINT BY NORM ARCHITECTS £79 | trouva.com

INTERIOR & DESIGN

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LINJER CLASSIC WATCH £239 | dezeenwatchstore.com COPENHAGEN CHAIR FOR HAY £319 | nest.co.uk CONTENT SERIES BY TERENCE CONRAN £229 - £899 | www.johnlewis.com I-1 ANALOG INSTANT CAMERA £296.99 | uk.impossible-project.com CONCRETE PLANTER BY CONPOT £20 | reallywellmade.co.uk

BUYER’S GUIDE

BUYER’S GUIDE Advice from the experts on taking advantage of a buyers-market and getting a great deal

WORDS

JOSH WOODFIN Property Journalist

After dark clouds, the sky is clearing. Last year was turbulent for the UK housing market, but it was particularly choppy in the capital.

So is now a good time to buy?

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In March, the Office of National Statistics reported that house prices in London grew at an annual rate of 7.3% in the year to January 2017, compared with 6.2 per cent for the UK. So, in January the average house price in London was £491,000 compared with £218,000 in the rest of the country. Despite the political unrest that is a solid return.

But that’s not the whole story, as James Sims, from Brik’s Fulham sales team states: “I think for the next 12-months the market’s going to remain pretty level. So, you’ve really got to make the most of it, especially if you’re looking to upsize because the market will move again, whether its next year or the year after, and when it does strengthen, it will come up very quickly. It happened in 2008: We saw 15-20% come off the market

here, and it lasted for six or seven months. When it strengthened, it came back up very quickly. It might not happen in the same way, but when it does the market returns to a strong level of support.” This affect is more predictable in areas like Fulham where historically prices have been higher, and are seen as a safer investment than areas that have only recently become pricier.

“ Essentially, the gap created by political uncertainty between buyers and sellers last year is closing” This news doesn’t need to set you scrambling for your agents’ number, you still have time and as a buyer you are still in a fair position. “It’s a largely positive message,” reiterates James. “How we’re valuing it, and I know other agents are the same, is that we have seen corrections. And now houses are coming on at the correct price and there’s less of the uncertainty of last year.” Essentially the gap created by the political uncertainty between buyers and sellers last year is closing. Helped

by the weaker pound and also the unpredicted positive economic horizon for the U.K. as a whole, post-Brexit. There still remains uncertainty but there seems to be a feeling that there is some certainty, at least, on how long it may last.

This, along with some positive house price growth predictions in the next two years has led many buyers, and sellers, who have been sat on the fence for a long time to consider moving now.

With that in mind, and as we hit the spring buying season, here’s a deep-dive into three-different price brackets including advice and what to expect when hunting for a home in Fulham and Parsons Green. £700,000 You’re looking for a one or two-bed apartment, potentially with some outdoor space. In Fulham, this is around £100K under the average price for a flat, and as a first home, there will be certain things you’re looking for. “Everyone has different criteria and requirements,” says James. “But at this price, you’re looking for a sound buy, no structural problems and no issues with the lease, you want a long lease or a share of the freehold if you can get it.”

BUYER’S GUIDE

A BRIEF HISTORY OF THE MARKET So perhaps like many others, having sat on the fence for some time, you’re now looking into making a move. But what has been happening in the market whilst you’ve been away, and what do we expect will happen?

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Garden flat

£1,500,000 Medium house

PAST • Higher stamp duty • More planning restrictions • Very high demand

PAST • Lower stamp duty • High demand • Easier to borrow

PRESENT • Lower stamp duty (provided it falls outside new 3% additional stamp) • Buyers especially looking for development opportunities • High demand

PRESENT • Potential 2nd home stamp duty to pay • T his entry level price-point for houses equals high demand • Slightly more for your money

FUTURE • Further developments planned new builds (Earls Court ) • High demand • Expected price increases • Increase in interest rates

FUTURE • Expected

increase in confidence, price and demand • Interest rate increase • B rexit negotiations could affect market in short-term

£2,500,000+ Large house

PAST • Much lower stamp duty • Higher demand • More overseas buyers • Easier to borrow PRESENT • Significantly higher stamp duty • Prices have come down • Lower demand • Cheaper pound more attractive for overseas buyers • Increased negotiation power for chain-free buyers • Less chain-free buyers FUTURE • Brexit Negotiations could affect market • Expected demand and price increase • Continued investment & development • Increased interest rates

brik.co.uk

£700,000

BUYER’S GUIDE

While it’s likely preferable at this price that you want to move into something with the minimum of work required, well finished, as they say, if some cosmetic work is required and you have the budget, it could be a wise idea. “Work wise, it depends on the price,” says James. “But you want to be looking at it as an investment: does it have the potential to add value? £700k is entry level in Fulham, so

number of rooms and what you get at that price-point. Again, any structural defects and the potential to add value to the house will, and should, be key factors for any buyers. You don’t want to be buying a new house again in three years time if you grow out of it, so look for the possibility of an extension, or going into the attic or a basement.”

If the house you’re looking to buy does have potential for expansion,

“ You don’t want to be buying a new house again in 3-years-time if you grow out of it...”

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first time buyers are usually looking for convenience – distance to the tube, condition, anything with major structural or lease issues scares off a lot of first time buyers. The lease is the key thing.”

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£1.5m Moving up in both building size and price, you’re now probably looking at one of Fulham’s and the surrounding areas’ beautiful Victorian terraces that sit on pleasingly tree-lined streets. Many of the same rules apply as for the flat, but you now have the added possibility and reality of having a family, which brings up its own set of considerations.

“Again, this is all about location and size,” confirms James. “The closer you get to the tube, the more you compromise on space. Most buyers will be either coming into the area for the first time, or will already be here and are looking to upsize from a flat to a house. So, they’ll know the area and will be looking to balance location, proximity to schools,

or you know you have a new family member on the way, it is possible to get started on things like planning permission a lot earlier than you might think. “Most buyers will look to get planning after purchase,” says James. “But there are some instances where, for example if there’s a chain, some buyers might request after exchange that they be allowed to have drawings done and plans for permission drawn up.

That way, during the few months between exchange and completion, they can steal a bit of a march on that. Planning can take some time to come through the channels. Once exchange has happened, it doesn’t make a huge amount of difference to the seller. They’d have couple of additional visits from surveyors and architects and such, but I think most sellers would be amenable to that, especially at this level. £2.5m The upper end of the market has remained quite slow, and with Central London becoming less appealing, the much sort after

houses in locations such as the Peterborough and Moore Park estates are even more highly sort after prizes. “Clients have moved from Knightsbridge, Chelsea and Notting Hill in search of more space,” says James.

One of the other major concerns at this price bracket is the cost of stamp duty. “At £2.5/3m plus,” says James, “if someone has a second home it’s going to be even more.

We launched a house recently with a stamp duty of £370,000. People need to be very clear about what they want to buy, and they need to be able to add value to the house.

They’ll be committing to a large amount of stamp duty so pressure to get it right has become even greater.

A 5% fluctuation in price at this point is a lot of money. But this market is coming back.

At this price, it is perhaps fair to say that sellers are equally, if not better placed to be calling the shots during any negotiations. “There’s more confidence,” says James of the market, “but since the correction last year, it’s still a quite a lot of money to consider. So, I think a lot of people will just stay where they are, put some of the money towards a basement conversion, save on the stamp duty and add 1000sq ft.”

It seems that Fulham property, after softening for several years may be returning. Even if it appears to be rebounding in slow motion, that could change very quickly. With limited stock of quality houses in the area it is likely, but not certain, that the best buys are probably to be had now before the market returns in full swing post-Brexit. Happy hunting.

Beauty Objectified.

Loewe bild 9 OLED tv. loewe.tv

INTERIOR & DESIGN

HOT TUBS

26

COMPILED BY

VERONICA LUCEY Magenta Pink Interiors

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THE BABYLON

THE CHESTERFIELD

BISAZZA ORGANICO

£6,000 | firedearth.com

£8,954 | ukwaterworks.com

£7,560 | cphart.co.uk

A stunning bath made from polished nickel (also available with a choice of white enamel.) The bath offers a lightweight alternative to cast iron.

It has a classic, timeless appeal and will be equally at home in traditional or modern settings.

A rectangular free standing bath designed as an adaptation of styles popular in England and France during the late 19th century. Sitting on unusual bun feet, it’s a graceful bath with generous proportions.

Spanish artist Jaime Hayon’s neo-Baroque Organico collection includes a truly magnificent doublewidth bath, combining elegance, decandence and style. Accessories and basins are available in gold, platinum, black or white finishes.

THE BATH CO TUB

HARRISON BATH

THE BURLINGTON

£1,499 | victoriaplum.com

£383.20 | victoriaplumb.com

£1,085 | soakology.co.uk

Contemporary twist on a timeless classic made from acrylic in a beautiful hand painted sage green limited edition colour.

The beautiful oval design of the Harrison freestanding bath is highly contemporary. Warm to the touch, very stylish and great value.

A deep traditional free standing bath made from acrylic. Not suitable for mounted taps.

THE CONISTON

THE PORTHOLE BATH

SALISBURY SLIPPER

from £3,900 | cphart.co.uk

£3,600 | thewatermonopoly.com

from £549 | bathstore.com

A very sleek, white gloss bath.

The deep curves are inspired by Coniston Water in the Lake District, which is set within a steep U-shaped valley. Very slender despite its imposing scale.

The Porthole bath is an original freestanding French double-ended bath with portholes cut into one side, ideal for a children’s bathroom or a home by the sea. Comes in various sizes and painted finishes.

A decandent vintage look at a vintage price! It features a raised back for shoulder and back support and is made of acrylic sheets and stone resin for extra strength and a quality feel.

ROLL TOP BATH

BABYLON COPPER

THE BUTE BATH

£349 | screwfix.com

£5,400 | firedearth.com

£4,575 | drummonds.com

Go for a traditional look with this amazing value freestanding bath. With a black surround and clawfoot feet, it’s a classic shape with timeless appeal. The central tap deck makes it ultra luxurious.

Crafted from a high grade acrylic sheet which maintains a natural gloss finish for a modern look.

This pristine freestanding bath is made from solid copper, allowing it to warm up in an instant and remain heated for long periods of time. This means you can take your time and relax without the worry of ending up in cold water.

Available in a choice of finishes and in three versatile sizes

The Bute bath has been formed from quality, durable cast iron and then hand finished with a seamless steel skirt wrapped all around. The classic curved roll top contrasts strikingly with the straight steel lines It comes primed in white ready for painting any colour.

INTERIOR & DESIGN

27 brik.co.uk

FINANCE

ARE TWO MORTGAGES BETTER THAN ONE? Exploring the benefits of taking out multiple mortgages.

WORDS

EDWARD CHECKLEY Partner, Private Finance mortgages@brik.co.uk

28 brik.co.uk

Picture the scene. A mortgage borrower is scanning mortgage best buy tables in order to find the best product for their circumstances.

They filter the results to identify the best five year fixed rate and, with a range of competitive rates on offer, the solution seems simple. Job done! Or is it?

It’s possible that by focusing on finding one suitable product borrowers are losing out. Indeed, it may seem counter intuitive but many borrowers are not exploring the benefits of taking out multiple mortgages.

A prime example would be for older borrowers who are typically asset rich but income poor. They may be reaching the end of a long term mortgage and unable to refinance with conventional lenders.

The options presented can seem unattractive, equity release is a

clear option but it has considerable disadvantages with significant breakage costs and compounded interest. If wishing to downsize in the medium term the breakage costs are likely to be punitive. So without further ado we run some examples.

FIG 1.

Using income from selfemployment, investments or pensions it may be possible to raise a mortgage which may clear a significant portion of the existing debt, the balance of which can be cleared by a compounding second charge mortgage with no monthly payments.

This allows the first charge lender to ignore the second charge for affordability purposes.

FIG 2.

Buy to let mortgages are more complex than ever before.

Historically many lenders would advance loans based on a light rental coverage calculation, often 125% of the mortgage interest rate.

Now it is common place for a 145% coverage of a mortgage payment

calculated at 5.5%. For a property in central London yielding 3% the implications are significant.

Landlords can become mortgage prisoners, unable to refinance their mortgage after the initial rate due to the new assessment of the rental income.

FIG 3.

A few lenders have attempted to solve this problem, however this often involves paying for a cost inflated product. By taking out a second charge there may be the possibility of reducing the overall cost of the mortgage, for example.

All mortgage borrowers have unique personal circumstances which is why it is so important to seek independent mortgage advice.

A mortgage broker can assist by assessing the feasibility of structuring such solutions and fully weighing up the pros and cons of implementing a single mortgage or multiple mortgages, ensuring the outcome really is the best possible solution for you.

FINANCE

FIG 1. Mortgage amount: £500,000 SINGLE MORTGAGE

TWO MORTGAGE SOLUTION

Type

Equity Release

1st

2nd

Aggregate cost

Lending rate

5%

2.19%

8.50%

3.77%

Product

Term tracker

5 year fixed rate

5 year fixed rate

Associated balance

£500,000

£400,000

£100,000

£500,000

Total cost

£138,141

£43,800

£50,366

£94,166

5 year saving

£43,975

FIG 2. Property Value: £1,000,000 Annual Rent: £30,000 (Rental Yield: 3%)

125%

145%

Stressed rate

3.50%

5.50%

Maximum mortgage

£685,714

£376,176

Loan to value

69%

38%

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Rental cover

FIG 3. Mortgage amount: £500,000 SINGLE MORTGAGE

TWO MORTGAGE SOLUTION

Type

Buy to Let

1st

2nd

Lending rate

3.59%

2.49%

4.49%

Lending fee

2%

£1,850

£995

Product

5 year fixed rate

5 year fixed rate

5 year fixed rate

5 year total cost

£99,750

£51,650

£23,445

5 year saving

Aggregate cost

£2,845

£75,095 £24,655

GADGETS

GARDEN 2.0 It’s time to get your garden Summer ready with the latest technology

30

The Sunflower from ShadeCraft is the ultimate garden umbrella and let’s you safely stay in the garden without having to retreat inside.

This elegant, motorised umbrella uses solar power (of course) to track the movement of the sun, meaning you can concentrate on enjoying your book. The Sunflower also has USB charging ports for your phone, Bluetooth speakers and lights. www.shadecraft.com

It’s that time of the year when summer starts feeling like a real possibility, rather than a fading memory. With that in mind you should turn your attention to all things green-fingered to get your garden ready for BBQs, ball games and hazy weekday dinners in the warm evening sun. To do this we’ve rounded up the latest gadgets and tech to make your own little urban utopia.

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SHADECRAFT SUNFLOWER Sitting in your garden enjoying the sun with your family and friends is one of life’s simple pleasures. But as anyone who has been sunburnt will testify, it behoves you to exercise a bit of caution, even if you live in London. This is especially true if you have young children who are particularly vulnerable to the sun’s less savoury effects.

BOSCH ISIO SHRUB SHEAR For the big jobs in your garden its best to get the professionals in. We’re talking structural, major plant bed refurbs and lighting. But that doesn’t mean you can’t get hands-on and help maintain your lands. The Bosch Isio Shrub Shear is a cordless gadget that’s ideal for smaller urban gardens, both front and back. The little gizmo is basically a handheld hoover for you garden, letting you trim hedges and larger plants without having to dig out the extension cord. Useful. www.bosch-garden.com GARDEN PLAN PRO If you’ve got a larger garden and like to live deliciously, you might want to devote a section to your own mini-allotment, because there are few better feelings than serving

a delicious dinner to friends before informing them you grew the ingredients yourself. Garden Plan Pro will help both novices and more experienced gardeners make the most of whatever outdoor space you have. The app helps you plan, plant and rotate over 190 plants.

You’ve ordered your last veg box. www.gardenplanpro.com

OLLOCLIP MACRO PRO LENS SET Turn your garden into a fascinating safari for your kids with this little iPhone attachment. The three professional-style lenses convert iPhones into a digital microscope, letting you explore your garden in a totally different way. With various design traits making this extremely user friendly, including a lanyard so it’s always nearby, this is a wonderful piece of kit to have nearby when the flowers start to bloom. www.olloclip.com

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SELLER’S GUIDE

SELLER’S GUIDE Whatever your situation, we’ve got some sound advice on how to sell your property in this market.

WORDS

JOSH WOODFIN Property Journalist

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Selling a house is always dependent on the market. And the market, often likened to the sea, can be changeable, calm or downright dangerous. Your experience will depend on how you navigate your way through it, and to take the analogy further, that depends on your craft and where you’re headed.

So without further ado let’s put some colour into the picture.

DOWNSIZING While we can’t help you with the inevitable weeks spent whittling down a lifetime’s worth of memories – and the bits and bobs that come with them – we can help you on the actual sale of your property.

The relative stability of the pound in the first quarter of 2017 is good news all round and a recent report

by Hometrack, a housing market research group, confidently states London’s property market is robust enough to weather any future crash.

And while downsizing will save you money in terms of utility bills and initial costs will be lower, you need to be patient to ensure you get the best price. However you cut it

though, in a discounted market like this you will always be navigating upstream. Essentially you’ll be taking a bigger discount, proportionally speaking, in the sale of you home than you will save on your onward purchase. Of course you can work with the market and push hard on your purchase, but you’ll need to be doing the opposite on your sale, battening down the hatches and doing some clever selling to maximise price achieved.

UPSIZING This is what the seemingly pricey purchase all those years ago has been for. You’re climbing the ladder and no doubt have some significant capital banked during the price rises several years ago. Maybe it’s a family home with space for a new arrival or two. Whatever your specific reasons, there’s some good advice whether you’ve just made the decision or are deep in the process. A great piece of advice, if it’s an option, is to sell your home before beginning the next buying cycle, even if it means renting for a couple of months, because that is infinitely preferable to juggling two mortgages. With that in mind, it’s important to speak to your agent and ensure you’re not overpricing your property. The reason for this is

that unlike downsizing, you’re about to be making an extremely savvy move. You’ll be securing a higher discount, in today’s market, on your onward higher priced purchase than you’ll be losing on your sale.

This means that speed of movement is your friend, as often the more flexible you can be and the faster you can operate yields the best buys. So don’t quibble over a few tens of thousand on your sale when you could potentially make a saving of £100k on your purchase. The trick is to ride the market, get out quickly and back in again before the tide turns.

DISPOSAL OF PROPERTY Sometimes, for many reasons, some odd, some not, you need to get rid of a property. And you may need to do this quickly. Speak to your agent about the best time to sell.

For instance, Spring is traditionally a good time, as is Autumn, but ideally avoid high-summer and Christmas.

Speak to your agent about the right price for the property, but also don’t be afraid to do your own research. Another tip is to start the conveyance process as early as possible, which will hopefully speed the process up. Most people are expecting that prices are going to

SELLER’S GUIDE

DOWNSIZING In a buyers market such as this, those downsizing risk losing more than they may save on their onward purchase. Downsizing is usually best undertaken in a rising, sellers market.

UPSIZING If you’re looking to upsize, now’s the time to do it! With fair prices across the market you’ll be able to purchase your larger property at a larger discount than you will lose on your sale. Get cracking.

DISPOSAL OF PROPERTY You’re in the enviable position of being able to capitalise on the gains of your property asset. Of course, how you undertake this task is highly dependent on your motivations.

ACCIDENTAL LANDLORD You may need to abandon ship but perhaps you can’t or don’t want to sell just yet. Perhaps you’re downsizing and want to hold out for a better price. It’s time to navigate to a safe mooring.

33 brik.co.uk

rise, but not for two years or so, which means if you can wait it out it is probably a better choice than selling now. That said if you’re in the comfortable position of not having to sell you can operate a harder pricing pitch which can often lead to a higher price, depending on how much time you have of course. If not, then you may want to become an accidental landlord.

ACCIDENTAL LANDLORD An accidental landlord is someone who becomes a landlord without ever having had the conscious intention of joining the buy to let housing market. They might have acquired a let property entirely by chance – commonly by way of an

inheritance, or you may have found yourself with an extra property after moving in with a partner or spouse.

Or you may want to sell but find that the market is not on your side, so decide to let in the short term.

First things to do are get your paperwork in order: both your insurance and mortgage brokers need to be made aware of your situation, as will HMRC, as you will need to declare the sudden additional income, however large or small. And if you decide to sell up, you’ll need to ensure you’re not violating any existing tenancy agreement in terms of when people need to vacate the property. Your exact situation can affect how you

go about renting your property out, this will include clever uses of break clauses and of course installing the right type of tenant depending on your long or short term intentions.

The sales market we have experienced over the last two years has led to many would-be sellers becoming accidental landlords.

Many sellers have put their property up to rent rather than take a discount on price. However with the market looking like it’s turning we may see some people being stuck as landlords when they’d rather not be. This is why choosing to let should always be thought out properly with contingencies, such as break clauses, put in place if needed.

SHOWCASE

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MIMOSA STREET, SW6 House | Full refurbishment | Basement | Side extension Minimalist in-house designed four storey house including polished concrete floors and shadow gaps galore! Fire-curtain, sprinkler system, wet underfloor heating, airconditioning, solar panels, latest AV wiring, the list is endless. Vola and CEA taps, kitchen and all wardrobes designed by Massimo of maxdelucadesign, Tom Dixon tiles, plaster-in luminaries etc. This house has it all!

PASCAL HUSER huser.co.uk

SHOWCASE

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GRANDISON ROAD, SW11 House | Side and Rear Extension | Loft Pod | Complete Refurbishment BTL Architectural Design, Build and Interior Design worked together at Grandison Road to turn

BTL

a very typical Clapham terraced house into a completely unique property. Our design involved

btlpropertyltd.co.uk

a side and rear extension at ground floor level, pushing the first floor rearwards and building a new pod at second floor level. Crittall doors and lantern rooflights over the kitchen extension draw light over the expansive kitchen island with a polished concrete floor finishing the look.

SHOWCASE

36 brik.co.uk

RUMBOLD ROAD, SW6 House | Reconfiguration | Refurbishment | Multiple extensions | Basement This large project involved the complete extension, reconfiguration and refurbishment of a substantial Fulham townhouse. A full basement excavation, loft conversion, and rear additions at ground and first floor levels maximised the property’s potential; creating valuable, practical and stylish extra living spaces. Attentive design and a meticulous standard of finish have transformed this in to an exemplary family home.

UBER CONTRACTS ubercontracts.co.uk

SHOWCASE

37 brik.co.uk

CHELSEA HOUSE, SW10 House | Full Refurbishment | Basement | Ground Floor Extension Roxburgh Construction were commissioned to carry out the building

ROXBURGH

work and joinery package of this hidden gem in SW10. The property

roxburghconstruction.co.uk

is accessed via an unassuming entrance, yet the moment visitors walk through the front door they experience the stunning impact this home commands. It boasts a wealth of flair and attention to detail.

SHOWCASE

38 brik.co.uk

BRADBOURNE STREET, SW6 House | Full refurbishment | Basement | Kitchen extension | Loft | Interior Design We undertook a full refurbishment that included an excavation of

BLAZE & CO

a full basement under the house and garden, a kitchen extension

blazeandco.co.uk

and full loft conversion. All the interiors were conceived by the Blaze and Co interior design.

SHOWCASE

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FELDEN STREET, SW6 Full Refurbishment | Basement | Rear extension | Pod extension | Loft This high specification project comprised a full refurbishment to create

ELEMENT CONSTRUCTION

a spacious and modern 3000 sq ft family home including creation of a

elementconstruction.co.uk

basement, rear extension and pod and loft extensions. In addition to 5 bedrooms, there is a media room, office and generous wine cellar.

RUMBOLD ROAD An outstanding fully-extended Victorian family home located in the incredibly popular Moore Park Estate, just off the King’s Road.

The property has been finished to the highest specification throughout and is in our opinion one of the best houses in the Moore Park Estate. The house is arranged over five floors and extends to just over 3,000 sq ft (279 sq m). The ground floor has been completely remodelled from the entrance hall into a spacious formal reception room with parquet flooring, and a contemporary kitchen with Miele & Gaggenau appliances with ‘frameless’ sliding doors leading out onto a 23’ private rear garden.

6 Bed

3,004

£3,850,000

HOUSE

SQ FT

FOR SALE

CORTAYNE ROAD A superb fully-extended Victorian family home which has been recently renovated to a high standard throughout. The house is arranged over four floors extending to just under 2,500 sq ft and has a sunny West facing garden. The basement level has high ceilings and comprises a large media/family room fitted with an integrated speaker system, a good size bedroom/study, as well as a utility room and a WC.

5 Bed

2,485

ÂŁ2,600,000

HOUSE

SQ FT

FOR SALE

RINGMER AVENUE A stunning newly renovated and interior-designed Victorian family house, in a quiet residential street just off Fulham Road. The property extends to in excess of 2,100 square feet (197 sq m) and comprises 4 bedrooms and 3 bathrooms arranged over three floors. The ground floor features a spacious double reception room with high ceilings, original cornicing and a Victorian fireplace.

4 Bed

2,119

ÂŁ2,200,000

HOUSE

SQ FT

FOR SALE

PETERBOROUGH ROAD A charming and exceptionally bright end of terrace Victorian house, moments from Parsons Green. The property is arranged over four floors extending to just under 2,000 sq ft (185 sq m) and has been recently renovated to form an ideal family home.

4/5 Bed

1,986

ÂŁ1,895,000

HOUSE

SQ FT

FOR SALE

HAZLEBURY ROAD

4/5 Bed HOUSE

A stylish, extended four bedroom Victorian family home, in the popular Bury Triangle of Sands End. This freehold house is arranged over four floors and is in excess of 1,650 sq ft (146 sq m). The property has impressive entertaining space with a double reception room on the raised ground floor, a study at the rear and modern extended kitchen breakfast room on the lower ground level, with integrated appliances and a modern shower room.

1,663 SQ FT

ÂŁ1,450,000 FOR SALE

CLONMEL ROAD

3 Bed HOUSE

A well presented three bedroom Victorian family home in an extremely convenient location, just off Fulham Road. The house is arranged over three floors and extends to 1,507 sq ft (140 sqm), this delightful property retains many of its original features. The ground floor has a double reception room with hardwood flooring offering excellent entertaining space, as well as a fully integrated kitchen which leads out to a private patio garden.

1,507 SQ FT

ÂŁ1,595,000 FOR SALE

WATERMANS QUAY An outstanding two bedroom, two bathroom, sixth floor apartment, extending to 961 sq ft (89 sq m) with direct river views. There is a dual aspect open-plan living space with doors leading out onto two South facing balconies overlooking the river. There is a spacious master bedroom with a walk wardrobe and en suite shower room and a further double bedroom which is also en suite.

2 Bed

961

ÂŁ1,050,000

FLAT

SQ FT

FOR SALE

SULIVAN ROAD

5 Bed HOUSE

An exceptional five bedroom terraced house in Parsons Green, between South Park and Hurlingham Park. The four-storey property has been meticulously rebuilt

by Vitruvius & Company to provide a truly outstanding family home, complete with 5 bedrooms, 4 bathrooms, 40ft open-plan reception, kitchen and dining room, media room, and flexible annex for home office, playroom or staff accommodation.

2,402 SQ FT

ÂŁ2,450,000 FOR SALE

KENYON STREET

3 Bed MAISONETTE

A bright and spacious three bedroom first and second floor maisonette, located in the very popular ‘Bishops Park’ area of Fulham. On the first floor there’s a good size reception room with a large bay window and an original Victorian fireplace, two bedrooms and a family bathroom as well as a modern kitchen breakfast room, with stairs down to a 52 ft shared garden.

1,080 SQ FT

£925,000 FOR SALE

PETERBOROUGH MANSIONS

2 Bed FLAT

A smart two double bedroom first floor apartment superbly located with direct views over Eel Brook Common. The flat has been recently refurbished and finished to a very high standard throughout. There is excellent entertaining space with a large open plan reception room with a modern gloss white kitchen, dark quartz worktops and integrated appliances.

829 SQ FT

ÂŁ895,000 FOR SALE

MIRABEL ROAD

1 Bed FLAT

This sunny flat features a large reception room with space for dining, bespoke joinery and a contemporary bar area, as well as access to a balcony at the front of the building. There is a modern and well equipped kitchen with integrated appliances, which is partially open plan to the reception room.

558 SQ FT

ÂŁ595,000 FOR SALE

EDDISCOMBE ROAD A stunning and extremely spacious two bedroom, two bathroom apartment benefiting from a concierge service and secure entry on the fourth floor of a newly developed building on Eddiscombe road. The apartment comprises of a large open plan living space with a kitchen designed

by Doca, two spacious bedrooms with fitted storage and two luxury bathrooms.

2 Bed

1,033

ÂŁ750/wk

FLAT

SQ FT

TO RENT

HORDER ROAD

3 Bed FLAT

A well-presented three double bedroom terraced house with a double reception room, kitchen and a south facing rear garden. On the first floor there are two double bedrooms and a shower room. The loft has been converted into a very light master bedroom with en suite shower room.

1,200 SQ FT

£675/wk TO RENT

TYNEMOUTH STREET

3 Bed HOUSE

A fantastic three double bedroom house located in the desirable “Sands End” area of Fulham. The property comprises three huge double bedrooms with built in storage, modern kitchen, utility room and large reception room. It’s ideally positioned near the Sands Ends Pub and Imperial Wharf, with a host of riverside restaurants only a short walk away.

1,679 SQ FT

£675/wk TO RENT

DANEHURST STREET

2 Bed MAISONETTE

An outstanding purpose built Victorian maisonette, with two double bedrooms. Located in the heart of the desirable ‘Munster Village’, this larger than average maisonette extends to in excess of 950 sq. ft. There are two good sized double bedrooms (both with built in wardrobes) and two modern bathrooms (one en suite).

954 SQ FT

£575/wk TO RENT

GOWAN AVENUE

2 Bed FLAT

An outstanding, wider than average, two double bedroom split-level flat in a substantial converted Victorian house. Arranged over the first and second floors, the flat has been recently refurbished and finished to a high standard, extending to almost 1,050 sq ft (98 sq m).

1,028 SQ FT

ÂŁ550/wk TO RENT

ROSEBURY ROAD

2 Bed FLAT

An extremely well located and recently refurbished two bedroom, two bathroom garden flat located in the heart of Fulham Broadway. This property has excellent entertaining space with an open plan kitchen and reception room (with under floor heating) that leads out via bi-folding doors to a private rear garden. There are two good sized bedrooms (one with a large en suite bathroom) and a further bathroom.

787 SQ FT

ÂŁ515/wk TO RENT

LILLIE ROAD

1 Bed FLAT

A unique opportunity to rent a fantastic, one bedroom Victorian conversion, with a large garden and off0street parking. Lillie Road is located within easy reach of West Brompton and Earl’s Court underground stations.

588 SQ FT

£395/wk TO RENT

DIRECTORY Looking for something? Look no further with our recommended suppliers directory, just mention where you found them.

ARCHITECTS DBLO dblo.co.uk 020 7610 9333 227a Stephendale Road London SW6 2PR Emergent Design Studios ed-studios.com 020 7713 0056 51 Calthorpe Street London WC1X 0HH Hogarth hogartharchitects.co.uk 020 7381 3409 186 Dawes Road London SW6 7RQ

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Icon icon-architects.com 020 7731 0400 The Glass House 11 Lettice Street London SW6 4EH Simon Gill simongillarchitects.co.uk 020 7610 9344 Riverbank House 1 Putney Bridge Approach London SW6 3JD

BUILDERS Blaze & Co. blazeandco.co.uk 020 7373 2214 Flat 2 111 Drayton Gardens London SW10 9QU Design 2 FInish design2finish.co.uk 07968 821 1667 54 Chipstead Street London SW6 3SS

Element Construction elementconstruction.co.uk 07717 155 716 NU Builds nubuilds.com 0207 7316841 10 Fulham high street London SW6 4LZ Nuspace I-want-nuspace.co.uk 0203 405 3480 965 Fulham Road London SW6 5JJ Pascal Huser huser.co.uk 020 7381 0707 600 Fulham Road London SW6 5PA Paterson Wood patersonwood.co.uk 0207 371 7327 Roxburgh Construction roxburghconstruction.co.uk 020 7731 7480 74 The Arches Ranelagh Gardens London SW6 3UB Uber Contracts ubercontracts.co.uk 020 3151 5034

INTERIOR DESIGN Magenta Pink magentapinkinteriors.co.uk 07956 884 437 RJV Designs rjvdesigns.co.uk 020 7385 6009 126 Harbord St London SW6 6PH

SURVEYORS

SOLICITORS

Capital Chartered capitalchartered.co.uk 020 8875 0035 Argyll House All Saints Passage London SW18 1EP

Child & Child (Mo Hakim) childandchild.co.uk 020 7235 8000 4 Grosvenor Place London SW1X 7HJ

Owen Powell owen-powell.com 012 7369 6655

Healys Solicitors (Jane Baker) healys.com 020 7822 4000 Atrium Court 15-17 Jockey’s Fields London WC1R 4QR

Shaw & Company www.shawandco.co.uk 020 8948 1122 9-11 The Quadrant Surrey TW9 1BP

LEASEHOLD ADVICE Capital Leasehold capitalchartered.co.uk 020 7112 5169 64 Knightsbridge London SW1X 7JF

MORTGAGE BROKERS Alistair Hargreaves johncharcol.co.uk 0207 933 9651 5th Floor Cutlers Exchange 123 Houndsditch London EC3A 7BU Edward Checkley privatefinance.co.uk 020 7317 2820 21 Bedford Square London WC1B 3HH

TWM Solicitors (Helle Jacobsen) jacobsenlegal.com 020 7736 6277 6 Stephendale Yard Stephendale Road London SW6 2LR Judge Sykes Frixou (Belinda Frixou) jsf-law.co.uk 020 7395 3355 23 Kingsway London WC2B 6YF Peppers LLP (Stavros Nicolaides) peppersllp.com 020 7278 4710 387 City Road London EC1V 1NA

ADDITIONS Please contact us if you would like to add your business to this directory.

Email hello@brik.co.uk.

GET IN TOUCH

We started Brik to challenge the status quo and our reputation has grown by delivering record breaking prices and quick sales and lets with minimum fuss.

Our formula is simple, sound advice plus friendly approach equals great result.

MEET THE FULHAM TEAM

MIKE Co-founder mike@brik.co.uk

CHRIS Co-founder chris@brik.co.uk

SALES: EMAIL:

BEN Co-founder ben@brik.co.uk

JAMES Sales Manager james@brik.co.uk

ALEX Sales alex@brik.co.uk

NICK Lettings nick@brik.co.uk

RYAN Lettings ryan@brik.co.uk

HOLLIE Lettings hollie@brik.co.uk

020 7384 6790 | LETTINGS & MANAGEMENT: 020 7384 6791

hello@brik.co.uk | FACEBOOK: Brik | TWITTER: @BrikLondon

ADDRESS:

77 Parsons Green Lane, London, Fulham SW6 4JA

Contact us for a free valuation: 020 7384 6790 / brik.co.uk

LAURA Assistant laura@brik.co.uk

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