MG Property Review Magazine, Summer 2024 - Issue 38

By Simon Gerrard, Managing Director

By Paul Van Halle, Associate Director

KNOCK-OUT STAGES

Celebrating 60 Years of Fulfilling Your Property Dreams!

UK PROPERTY MARKET UPDATE

We were just placing the finishing touches to this magazine before going to print, when Rishi Sunak called a snap election and much of what was written became out of date and somewhat irrelevant!

Now, as we celebrate sixty years since my father first opened the doors at Martyn Gerrard Estate Agents, and head into summer, we can feel the winds of change are blowing in gusts. Things are starting to look up for the economy, which may well be the reason why Sunak decided to go to the polls as he attempts to show that his plan is working.

There is inevitably a degree of uncertainty that comes with elections, which is likely to mean that the Bank of England holds off from cutting interest rates in June/July. However, the underlying positive economic picture is becoming impossible to ignore. Monthly GDP grew by 0.4% in March 2024, following growth of 0.3% in January, more importantly for the housing market, the rate of inflation fell to 2.3% in April – the lowest in nearly three years and the British Retail Consortium has declared that inflation in shops is now back at ‘normal levels’. This should more than provide the Bank of England with the reassurance needed to lower interest rates and it has been strongly hinting that it will do so soon.

Whilst the announcement of a general election would usually bring uncertainty – this time feels different. For one, this election has been called at short notice, which means it will be over in just a few weeks. Secondly, barring something unexpected and extraordinary occurring, which can never be ruled out, the polls have been consistently showing that Labour is overwhelmingly likely to win.

The polls can always be wrong, but most people are nevertheless working under the assumption that a Labour victory is a foregone conclusion so there is far less uncertainty in this election than we have previously seen.

3 BIG REASONS

WHY YOU SHOULD NOT PUT YOUR

HOME SEARCH ON HOLD!

Following the election, interest rates will go down, which will cause a flurry of homebuying activity.

After 14 years and five Prime Ministers under the same party, people in the country will be buoyed by a change in government. A widespread sense of optimism will provide a positive outlook and cause a flurry of homebuying activity, precipitating a boom in the housing market.

We have already seen confidence and demand returning to the market, and Rightmove have reported that 95% of buyers are not affected by the calling of an election. So for any would-be homebuyers my message to you would be to get your skates on now before the rush sets in.

By Simon Gerrard, Managing Director Martyn Gerrard

One only has to look at the data to see the direction of travel. March saw 61,325 mortgage approvals in the UK, the highest number of approvals since September 2022. This has been accompanied by a 12% rise in new sellers in the market compared to spring of last year. The uptick in demand and houses on the market is being reflected in the uptick in transactions, with HMRC reporting that March saw 84,200 sales, the highest number since September 2023. Whilst this is slightly down year-on-year, it sends a strong message that sales are on the way back up, as demonstrated by Rightmove’s figures showing the number of agreed sales is up by 17% compared to last year, a statistic that we can verify as Martyn Gerrard have seen a similar increase across North London. We are actually beating Rightmove’s average time between sale agreed to completion where their average is 154 days ours is 25% quicker at 120 days.

The lettings market continues to suffer from a lack of stock available, leaving opportunity for Buy-to-Let investors. Rents are beginning to level out a little, at least they are not increasing at the rate they have been, but considering tenant affordability those increases were not sustainable.

A return to house price growth will also intensify questions about how we will provide more housing for those looking to get on, or move up, the property ladder.

Moving forward, the ticking time bomb of a total dearth of new homes, and the supply strains that this causes for the sales and lettings market, will remain looming in the background. We must build more homes if we want to see the next generation of would-be homeowners ever actually own their own home.

Moreover, I must stress that any green shoots we see in the coming months are not a result of government policymaking, which has offered no solutions. As of this moment, we are still waiting for the parties to release their manifestos and lay out their plans for housing. If they are serious about helping more people onto and up the housing ladder, then nothing less than wholesale reform of our archaic planning system and punitive stamp duty regime will suffice. Personally, I hold little hope that either party has the courage and will to do what the country needs of them and push through a truly radical programme. But I would be very happy to be proven wrong.

I remain hopeful that policymakers will heed my calls to reverse the tax regime so that sellers pay the stamp duty on the home they have improved, and downsizing retirees don’t pay the tax at all.

REFORM STAMP DUTY NOW SIGN THE PETITION

Simon Gerrard (FNAEA) (PPNAEA) (MARLA) Managing Director

£1,600,000

Cockfosters Road, EN4

A semi-detached period home with a balcony off the main bedroom, downstairs WC, lower ground floor with an office, utility room, large storage space, off-street parking and a 95ft. rear garden. Measuring circa 2,000sqft. with potential to extend to the rear, loft and side (STPP).

Owners love... “Beautiful, modern and original features which allows you to create irreplaceable family memories.”

A detached family home modernised throughout, with off-street parking, garage, utility room, downstairs WC, en-suite to the main bedroom and a large rear garden with patio area.

Measuring 2,792sqft. is this extended six bedroom, five bathroom (three en-suites), two reception rooms detached family home, located 0.4 miles to Cockfosters Underground Station and local amenities.

Owners love... “The location is ideal! It is a short walk to Cockfosters Underground Station (Piccadilly line) and close to a range of small supermarkets, shops and good restaurants.”

OIEO £800,000

An extended terraced family home measuring approximately 1,380sqft. and in good condition throughout. The property has many original features, a downstairs WC and is located 0.7 miles to High Barnet Underground Station.

A semi-detached family home with an en-suite to the main bedroom and a 92ft. garden with studio. Located just 0.1 miles to High Barnet Underground Station with potential to extend to the rear (STPP).

EN5

A

WE’VE NOTICED…

• Bi-fold doors onto the garden

• Spacious loft conversion

• Large driveway

Highlands Road, EN5

A semi-detached family home with off-street parking, a private garden and finished to a high standard throughout. Located just 0.5 miles to High Barnet Underground Station for fantastic transport links.

WE’VE NOTICED…

• Large open-plan kitchen

• 0.9 miles to Barnet high street

• Spacious private rear garden

An end-of-terrace house offered in excellent condition throughout. Conveniently located 0.4 miles to Barnet Hospital and 0.6 miles to High Barnet high street.

WE’VE NOTICED…

• Landscaped garden

• Period features

• Off-street parking for two cars West

CROUCH END | N8

Linzee Road, N8 FREEHOLD

A well-presented, five bedroom period house, with two reception rooms, two bathrooms and original features. The property is located 0.6 miles to Crouch End Broadway and 0.7 miles to Hornsey Train Station. £1,500,000

Available for the first time in over 90 years and in need of modernisation, is this six bedroom, three reception room home, with a double garage, large garden and period features. Located 0.3 miles to Crouch End Broadway.

Owners love... “The first floor front bedroom, in the past has been used for photo shoots.”

Wolseley Road, N8

A linked-terraced family home with a central staircase, entrance hallway, two grand receptions with high ceilings and a spacious kitchen-diner leading directly to a South facing garden.

Owners love... “The Crouch End area is a lively mix of cultures with a lovely selection of restaurants and cafes all around.”

Altior Court, N6 LEASEHOLD

A terraced house with a double reception, an eat-in kitchen-diner leading to the garden, utility room and walk-in wardrobe. The property is located 0.9 miles to Finsbury Park Station.

A lift assisted, fifth floor apartment with engineered oak flooring and balcony. The property has panoramic views of Alexandra Palace and is in a great condition throughout.

CROUCH END | N8

£3,500

A

WE’VE NOTICED…

• Bright, airy and modern

• Located 0.4 miles from Hornsey Overground Station

WE’VE NOTICED…

• Wood flooring through reception

• Ground floor apartment

• Built-in wardrobe

A large well-presented, five bedroom period house, with two interconnecting reception rooms and kitchen/diner. Located 0.4 miles from Hornsey Station.

WE’VE NOTICED…

• Ideal family home

• Located in a quiet location

• Less than 0.1 miles from Fairland Park Fairfax Road, N8

A recently decorated, four bedroom house with a modern bathroom, floor to ceiling windows in the bedroom and a private rear garden. The garden also has a studio which can be used as an office space.

WE’VE NOTICED…

• Bright and spacious

• Summer house/office

• In a quiet location

Rathcoole Gardens, N8

Roden Court, N6

Hornsey Lane, N6

Lodge, N2 FREEHOLD

A four double bedroom period home, with a large driveway, two bathrooms (1 en suite), and a large eat-in kitchen that leads to a 120ft. South-West facing garden.

Owners love... “Walking into the kitchen first thing in the morning to be greeted by the beautiful view into the garden is always uplifting.”

This three double bedroom flat with ample storage and floods of natural light, is located just 0.5 miles from East Finchley Tube Station and the amenities of East Finchley high road.

This Grade II listed period property has five bedrooms, three reception rooms and includes a utility room, garage and a large 100ft. drive offering off-street parking for five cars.

Owners love... “The house is very beautiful and full of original period features, we love the history in every room and how the light shines in all day.”

A ground floor flat with direct access to communal gardens and a large open-plan kitchen/dining area. Located 0.6 miles from Highgate and 0.4 miles from East Finchley Underground Station.

A mid terraced family home located on a quiet cul-de-sac with original wooden flooring, over 1,000sqft. of accommodation, a 55ft. garden and an eat-in kitchen.

Abby Duffin Branch Manager

EAST FINCHLEY | N2

£2,000

A newly renovated, three double bedroom flat featuring a modern bathroom and a large reception room with an open-plan kitchen. The property is located 0.3 miles to East Finchley Underground Station.

WE’VE NOTICED…

• Ground floor apartment

• Communal Gardens

• Renovated to a high specification

Dairy Mews, N2

A two bedroom ground floor flat in a secure purpose built development, with direct access to communal gardens. The property also has gas central heating, dishwasher and washer/ dryer.

WE’VE NOTICED…

• In a well maintained block

• Offered part furnished

• 0.3 miles from East Finchley Tube Station

A duplex maisonette featuring an open-plan kitchen with French doors leading to a private courtyard, located just 0.2 miles from East Finchley Underground Station.

WE’VE NOTICED…

• Open-plan living area

• Bright and airy

• Gated courtyard entrance

N2

A first floor maisonette with four bedrooms, family bathroom and a fitted kitchen, complete with a Juliet balcony. The property would work well for a family, is offered unfurnished and has a private garden. £2,750 PCM

WE’VE NOTICED…

• Well presented patio garden

• Open-plan kitchen/living area

• Fitted blinds in the living room

Great North Road, N2

Sedgemere Avenue,

A Trio of New Detached Eco-Homes.

Developed by Abbeytown Ltd, Ethan Mews is located in the heart of Bounds Green, with fantastic transport links to central London. These detached houses feature 3 double bedrooms, 2 bathrooms, and an open-plan contemporary style.

• GATED DEVELOPMENT • PRIVATE PARKING • UNDERFLOOR HEATING THROUGHOUT • OPEN PLAN KITCHEN/LIVING SPACE • HEATING & ENERGY EFFICIENT • ENHANCED SECURITY

• VAULTED CEILINGS • HIGH QUALITY FLOORING THROUGHOUT • AMPLE STORAGE

• NHBC 10 YEAR WARRANTY • INTERNET/SATELLITE TV CONNECTIVITY

Houses from

A new development of 23 stylish flats located in Bounds Green From 1 to 3 bedrooms.

This development enhances the concept of contemporary living through careful design that maximizes natural light and combines style with functionality. Bounds Green, located in North London, enjoys the tranquillity of suburban life with urban accessibility, surrounded by scenic green spaces and tree-lined streets.

£1,400,000

Dollis Park, N3 FREEHOLD

A semi-detached, halls adjoining Edwardian period family home in excess of 3,000sqft. with an open-plan kitchen dining room and a South-facing rear garden.

Owners love...“We love the high ceilings and vast room dimensions that give a real feeling of space throughout the home.”

Queens Avenue, N3 FREEHOLD

The home has underfloor heating throughout, the latest smart home technology and a Westerly aspect garden with outbuilt studio.

Owners love...“The flooring we have used throughout the house is a mixture of parquet solid engineered wood from Scandinavia and ceramic tiles supplied by Marazzi.”

Etchingham Park Road, N3 FREEHOLD

A family home finished to a high standard with four bedrooms, two bathrooms and an openplan kitchen dining entertaining space that extends into a South-West facing garden.

Owners love...“The bathrooms - the marble tiles and Japanese soaking bath create that spa-like feeling every day.”

Owners

Owners love... “It’s a perfect location, just off the high street for all the local amenities. A 5 minute walk to the tube station.”

Grosvenor Road, N3

WE’VE NOTICED…

• Electric charging point for one car

•

•

A two bedroom apartment with a spacious living area, fitted kitchen, two double bedrooms with fitted storage, a modern family bathroom, front and rear garden.

WE’VE NOTICED…

• Unrestricted street parking

• Private garden

• Recently redecorated

WE’VE NOTICED…

• Underground parking

• Balcony

•

773 High Rd, North Finchley N12 8JY

Owners love...“The beautiful South-facing garden, where we spent many hours relaxing and dining al fresco with friends on the

Owners love...“Waking up and drawing the curtains to behold a stunning view of the trees and the green horizon is a sight to behold.”

High Road, N12

Owners love...“We love the period features, especially the

Owners love...“New Southgate Station and Arnos Grove Underground Station are a short walk away alongside several convenient bus routes, including the new Superloop.”

A four double bedroom, three bathroom, two reception room family home with two gardens and secure off-street parking. Located 0.9 miles to West Finchley Station.

Owners love... “The sense of privacy and security I feel from not being overlooked and we enjoy the long views from the house.”

Owners love...“The apartment is so bright and airy with a great feeling of space.”

Owners love...“The transport links into central London. 20 minutes to Kings Cross/Old Street, and buses within a three minute walk.”

£3,050

Park, N12

WE’VE NOTICED…

• Off-street parking

•

• Patio

Woodside Park Road, N12

A three double bedroom apartment, situated in this brand new luxury development, 0.1 miles to Woodside Park Station and 0.4 miles to North Finchley High Road.

WE’VE NOTICED…

• Ground floor apartment

• Communal gardens

• Private balcony

Limewood

Martyn Gerrard is proud to be a supporting partner of FoodBank Aid. Last year, we raised £17,000 for their cause. All of our offices serve as food drop-off points, and we are committed to supporting this charity, which provides crucial support to food banks across London. However, we can’t do it alone - they need your help!

School’s Out, Food’s Out

SCHOOL SUMMER HOLIDAY APPEAL

The school summer holidays is a challenging time for families struggling financially.

Food Bank Aid’s School’s Out, Food’s Out Appeal will help provide 50% extra child and teenage friendly items during the summer holidays, to over 30 food banks.

“One in five households with children are currently experiencing food insecurity in the UK.” The Food Foundation.

Please

100%

LUXURY OR A NECESSITY?

The rental market, has been in the political spotlight now for some time, as the “Renters Reform Act” is repeatedly tweaked and discussed and this is not set to change any time soon. This, together with the financial pressures of higher interest rates, the removal of many of the tax breaks afforded to Landlords and a raft of recent legislation that you are required to adhere to, has meant that many Landlords have sought to try and cut costs.

However not keeping your rental property in good repair and condition is a false economy; with all the new legislative changes, Managing your investment yourself could be terminal!

The risks involved together with the plethora of fines that can be applied could be fatal to your property investment. Employing a professional ARLA Propertymark Managing agent who is fully appraised of the constantly updating legal requirements is becoming more and more of a necessity.

Good News! It’s fairly obvious that rents have been increasing in fact by 11. 2% in London for the year to March, (ONS data). This is mainly due to a shortage of supply with a staggering thirteen tenants applying for every rental property, nearly triple the average from March 2019.

Whilst to many tenants this makes life tougher, these improved returns are starting to see small investors returning to the market which has to be good news for tenants as this increase supply and will ultimately level out the rent increases and provide more stock to let.

At its core, Martyn Gerrard offers a comprehensive suite of services designed to alleviate the burdens and risks associated with letting. We go beyond mere convenience offering invaluable expertise

- Mr A (LL) let his property for £1,800 (PCM). - Mr A forgot to complete the right to rent check on all the tenant.

and industry insight that can optimise rental returns and mitigate potential risks. We ensure your property complies with the constantly changing landscape of letting legislation and rental regulations ensuring that landlords remain compliant. From drafting legally sound contracts to handling disputes and ensuring local council’s HMO/licences are adhered to, our expertise minimises the likelihood of costly legal entanglements, provides cover for tenants who stop paying rent and safeguards landlords’ interests.

From the tenant’s perspective, the benefits of renting a property where the management is handled by a reputable professional Agent, means they will often pay more than one that is self-managed. The reason for this is that professional property management ensures swift resolution of maintenance issues, guaranteeing that rental properties remain safe, functional, and comfortable living spaces. Additionally, tenants can rest assured knowing that their rights are protected.

While some may perceive lettings management as a luxury reserved for affluent landlords, its role as a necessity in today’s lettings landscape cannot be overstated. By outsourcing the myriad responsibilities of property management to seasoned professionals, landlords can enjoy peace of mind, optimise their rental yields, and cultivate positive tenant relationships. In essence, lettings management transcends luxury, emerging as an indispensable ally for landlords navigating the complexities of the rental market.

- The tenant paid a 5-week cash deposit of £2076.92.

- The landlord forgets to register the deposit within the prescribed time frame.

If you would like to discuss any aspect of Property Management please feel free to call me personally.

3

- Mr A’s (LL) property sits in a road that the local council has deemed is part of the selective licence scheme.

- The landlord forgets to apply for the licence.

Paul Van Halle (MARLA) Associate Director

£5,900,000

Steeles Road, NW3 FREEHOLD

This five storey Victorian home has five bedrooms (three with an en suite), four reception rooms and off-street parking. Located 0.4 miles from Belsize Park Station and 0.3 miles from Chalk Farm Station. CHAIN FREE!

Owners love... “Gazing out over the city’s iconic skyline, commanding a view of central London from the panoramic vista of the third floor balcony.”

£2,200,000

Goldhurst Terrace, NW6 LEASEHOLD

Rudall Crescent, NW3 FREEHOLD

A duplex garden flat, set within this red brick period property in South Hampstead has recently been refurbished to a high standard with bi-fold doors the width of the property leading onto the garden.

A five bedroom end-of-terrace period property with off-street parking discreetly located in the heart of Hampstead Village 0.1 miles away from the amenities of the High Street and 0.3 miles from Hampstead Tube Station.

Owners love... “The spacious principal bedroom, coupled with the luxurious en suite bathroom and walk-in wardrobe, creates a haven where we can unwind and recharge after a long day.”

South Hill Park Gardens, NW3 SHARE OF FREEHOLD

£1,475,000

Rosemont Road, NW3 FREEHOLD

This double-fronted Victorian semi-detached residence is home to a period garden flat situated on a sought-after road within 130 yards of Hampstead Heath.

A Victorian five bedroom, mews house set over three floors with kitchen/dining area, roof terrace and retaining many of its period features and contemporary interiors.

LETTINGS

£6,500 PCM

HAMPSTEAD | NW3

49 Heath Street, Hampstead NW3 6UF

£25,000 PCM

A six bedroom, double-fronted home, with an open-plan ground floor, great for entertaining, presented to a high standard and located 0.7 miles from Regent’s Park and 0.8 miles from Edgware Road Station.

WE’VE NOTICED…

• South-West facing garden

• Bespoke fitted wardrobes

• Free standing bath

Lodge Road, NW8

PCM

A penthouse apartment with three spacious double bedrooms, air-conditioning throughout, a 24 hour concierge service, lift access and the option to rent a parking space or garage by separate negotiation.

WE’VE NOTICED…

• In a great location

• Located 1 mile to Primrose Hill Park

• Built-in wardrobe

A two bedroom apartment with underfloor heating and air conditioning on the 7th floor of a luxury modern development with lift access. The property also has a large communal roof terrace and concierge.

WE’VE NOTICED…

• Amazing views from the terrace

• Off-street parking

• On site gym

PCM

A four bedroom house spread over three floors, with two generous reception rooms, three full bathrooms. The property also has a fitted kitchen, lots of outside space and is located in the heart of Belsize Park.

WE’VE NOTICED…

• 0.3 miles to Royal Free Hospital

• Downstairs WC

• Private garden & roof terrace

Hamilton Terrace, NW8

£8,450

Boydell Court, NW8

£6,000

Upper Park Road, NW3

Daniel Farran Lettings Manager

£575,000

Hargrave Road, N19 SHARE OF FREEHOLD

Bartholomew Villas, NW5 SHARE OF FREEHOLD

A first floor apartment in this highly soughtafter red brick mansion block. Situated 0.1 miles to Archway Underground Station.

Owners love... “Fantastic location with loads of amenities nearby including shops, parks and pubs and excellent transport links.”

Spencer Rise, NW5

A one bedroom, raised ground floor apartment with high ceilings, large floor to ceiling sash windows, flooding the property with front to back light and access to mature and well-kept communal gardens.

Owners love... “The original period features that are still here. The windows, shutters, picture rails, wooden floors. It really adds to the character and makes the place feel like home.”

Located on a prime road in Dartmouth Park, this three bedroom family home with additional loft room is set over four floors with a large 40ft. rear garden. £700,000

A modern one bedroom apartment on the 8th floor of this popular development with a communal living area, communal terrace and concierge.

Malden Road, NW5

A double bedroom split-level apartment set over the top two floors of this Victorian terrace with high ceilings and large South-West facing windows.

£1,850 PCM

KENTISH TOWN | NW5

304 Kentish Town Rd, Kentish Town NW5 2TH

Maple Building, NW5

A large two-bedroom, third floor flat with an open-plan kitchen, full-height Carrara marble upstands, built-in storage and a modern finish throughout. Residents enjoy the security and convenience of a 24 hour concierge and lift access.

WE’VE NOTICED…

• 0.3 miles from Kentish Town Station

• Underfloor heating

• On site gym

Prince of Wales Road, NW5

A one bedroom property located on one of the most sought after roads in Kentish Town. Ideally located for amenities and Kentish Town Underground Station.

WE’VE NOTICED…

• Private balcony

• Open-plan reception room

• Easy access to amenities

Newbury Mews, NW5

A two double bedroom house with a large living room and an open-plan kitchen, in a private gated mews development, offered in excellent condition throughout and located

miles to Chalk Farm.

WE’VE NOTICED…

• Quiet cul-de-sac

• 0.7 miles to Kentish Town Station

• Contemporary kitchen

Anthony joined Martyn Gerrard in 2004. He has experience in many of our areas having worked in North Finchley, Muswell Hill, Crouch End and Kentish Town.

Anthony Spittle (MARLA) Lettings Manager

IS NOW THE RIGHT TIME TO REMORTGAGE?

Your property is more than a financial asset, it’s your home. While our homes may all look and feel different, they have one thing in common.

There’s probably a mortgage payment for them. With so many changes in the mortgage market recently, you may be holding off remortgaging out of hope that rates will come down. It’s difficult to predict the future: sitting and waiting could be costly.

Stability is key to mental and financial wellbeing and there’s always a risk in waiting for rates to change. If you’re ever unsure about what to do, a mortgage adviser will offer you unbiased advice based on your personal situation and help you make the right decision for your circumstances.

Why consider remortgaging?

Remortgaging can be a great way to save money, free up some cash, or get your mortgage paid off quicker, especially if you work with a mortgage adviser who can find you a deal that suits your unique needs.

A mortgage adviser’s goal is not to simply sell you a mortgage but offer tailored advice for your specific to your needs.

Why remortgage early?

You could save money by remortgaging, even if your fixed rate is not ready to expire just yet. You may need to pay an early repayment charge before you can switch, depending on how long is left on your mortgage. In some cases, it may not be worth it, but there’s an easy way to work that out.

Calculators and trackers such as Mortgage Advice Bureau’s Mortgage Monitoring programme can make saving money on your mortgage a breeze.

With Mortgage Monitoring you’ll get an email every month with a detailed breakdown of your property’s value, monthly payments, and interest rate. Six months before it’s set to expire, you’ll know about it. If a deal pops up that better suits your circumstances right now, they’ll let you know. This also factors in early repayment charges, so it’s an accurate representation of the chance to save some money.

HERE’S WHERE A REMORTGAGE MAY BE THE RIGHT MOVE FOR YOU:

Your current deal is ending

To avoid going onto your lender’s standard variable rate (SVR), which usually has higher rates, consider finding a new deal around six months before your current one expires.

Here are a few top tips for a smooth remortgage from Mortgage Advice Bureau:

• Start early

• Improve your credit score

• Work out a budget

• Get professional advice

Has your home’s value increased?

If your home’s value has risen significantly since you took out your mortgage, you may be able to get better rates from lenders because your loan-to-value ratio has decreased.

Overpaying to reduce payments.

If you’ve come into extra money and want to pay off some of your mortgage, you may need to remortgage to access better rates. Early repayment charges may apply, so consult with a mortgage adviser.

Need to access some cash?

Remortgaging can help you borrow more at better rates if you’re looking to access funds for renovations or paying off other higher interest debt. Lenders will typically ask for details on how the extra funds will be used, such as a builder’s quote for home improvements.

By evaluating your current situation and considering the factors outlined above, you can determine if remortgaging is the right financial move for you.

By evaluating your current situation and considering the factors outlined above, you can determine if remortgaging is the right financial move for you.

Martyn Gerrard is proud to be a long-standing supporter

of Noah’s Ark Children’s Hospice

Noah’s Ark Children’s Hospice, based in Barnet, helps babies, children and young people with life-limiting or life-threatening conditions, and their families, to make the most of every day. And for those that do die young, they do all they can to bring comfort to their last moments.

Creating Unforgettable Memories

In 2016 Tottenham Hotspur partnered with Noah’s Ark, a local children’s hospice in North London. Over the past eight years, this partnership has brought mascot opportunities, player visits, charity matches, and merchandise goodies, creating cherished memories and raising awareness about the charity’s vital work.

Noah’s Ark welcomed Spurs star player, James Maddison, to The Ark on Wednesday 10th April. James spent time meeting three families to listen to their stories before enthusiastically engaging in a lively kick-about in the accessible playground.

On Sunday 28th April, Noah’s Ark sported their away kits to celebrate the charity partnership at the North London Derby Day, when Spurs played against their rival, Arsenal. Dreams came true as Freya, who is supported by Noah’s Ark, led the team out onto the pitch as a mascot, holding the hand of Spur’s star player, Son Heung-min.

Freya, age eight, has CCMS, a rare genetic condition with fewer than 100 cases in the world. At four weeks old, Freya was discharged from Great Ormond Street Hospital on end-of-life care. Her prognosis was days, maybe weeks but Freya has far

exceeded her prognosis, but her mum Elina is aware that further challenges could come their way.

Elina, Freya and their family have received support from Noah’s Ark Children’s Hospice since Freya was just three months old, she said:

“It’s been quite a journey. Noah’s Ark has been with us every step of the way.”

Sophie Andrews OBE, CEO of Noah’s Ark Children’s Hospice:

“We are incredibly proud of our partnership with Tottenham Hotspur and delighted that they dedicated Derby Day to us. These events give us the chance to shout about the work we do, reaching more people and raising vital funds for children, like Freya, who are seriously unwell and their families.’

Become a Moment Maker

For the children and families Noah’s Ark support every moment matters. But it takes a lot of teamwork, equipment and money to make these precious moments happen. Join the Moment Makers community by giving a regular donation and together, we can keep making lots of amazing moments.

Scan here to Donate

www.noahsarkhospice.org.uk/donate/

Hendon Wood Lane, NW7

A six bedroom mansion with an open-plan living area, large entrance hall and large sliding doors across the back of the property leading onto a low maintenance rear garden. OIEO

Guardhouse Way, NW7

Measuring over 1,500sqft. and spread over three floors, is this well maintained, family home with large kitchen, utility cupboard, parking for two cars and a South-facing rear garden.

Owners love... “Having the best of both worlds, being so close to Mill Hill East Station, Virgin Active and Waitrose, but on the doorstep of an amazing nature reserve.”

Owners love... “There is plenty of room for the family to have their own space but love gathering round together. Just a very comfortable home.”

£799,999 Lee Road, NW7

A three bedroom, two bathroom semi-detached home with separate annex, off-street parking and potential to further extend (STPP).

Located 0.2 miles to Mill Hill East Station.

two double bedroom apartment with two bath/shower rooms, balcony and gated underground parking. Located 0.6 miles to Mill Hill

A ground floor purpose built flat in a small block with great communal areas, off-street parking and located 0.6 miles to Mill Hill East Station.

MILL HILL | NW7

£4,250

Watford Way, NW7

A family home in the heart of Mill Hill, spread over two floors and offers five good sized double bedrooms, two bathrooms, downstairs WC, two reception rooms, breakfast room, fully fitted kitchen, utility room and garage.

WE’VE NOTICED…

• Large rear garden

• Detached property

• Ample off-street parking

Bunns Lane, NW7

This four bedroom property is spread over three floors, with large reception room, separate lounge area, modern kitchen, lowmaintenance private garden and gated parking with an allocated space.

WE’VE NOTICED…

• The property was renovated 3 years ago

• Designer interior

• Gated off-street parking

Paveley Court, NW7

A top floor apartment situated on the popular Lidbury Square development with lift and allocated parking. The property has a spacious living area, modern fitted kitchen with integrated appliances, two bedrooms with a walk-in wardrobe and en-suite to the master.

WE’VE NOTICED…

• Gated allocated parking

• 0.3 miles to Mill Hill East Tube Station

• Balcony

£2,500,000

£2,350,000

Woodland Rise, N10 FREEHOLD

£1,150,000

Hillfield Park, N10 SHARE OF FREEHOLD

A semi-detached Edwardian family home, split over four floors and in excess of 3,300sqft. with large through reception and plenty of storage. The property is located 0.3 miles to Highgate Wood.

Owners love...“The house is light and airy with space for everyone. It’s a “Tardis” home bigger and more spacious on the inside than it looks.”

Grove Avenue, N10

A three bedroom, ground floor, period conversion apartment with high ceilings, sash windows, refurbished throughout and access to a rear private garden. Located 0.2 miles to Muswell Hill Broadway’s local amenities, bars and restaurants.

Owners love...“The kitchen and living area has been the hub of our home, it’s the perfect entertaining space.”

A period link semi-detached home, arranged over three floors, with two reception rooms and a 79ft. garden. The property is located 0.6 miles to Muswell Hill Broadway’s local amenities and shopping facilities.

Owners love... “The space, not just the size of the rooms, ceiling heights and the garden, but also the lovely wide road - which is also home to a wonderful, supportive community.”

£825,000

Rise, N10 SHARE OF FREEHOLD

A two bedroom, double-fronted, Edwardian, garden apartment with two generously proportioned double bedrooms and spans 884sqft. Located 0.7 miles to Highgate Underground Station.

Owners love...“Muswell Hill Broadway and all the local boutique shops are just a short walk away”

Woodland

MUSWELL HILL | N10

House, N11

Lakenheath, N14 FREEHOLD

A semi-detached family home arranged over three floors with off-street parking, garden and private garage.

Owners love... “Lakenheath is a great location for a new comer moving to the area. It sits between Oakwood and Southgate Station should you need to get the tube into London.”

Chandos Court, N14 SHARE OF FREEHOLD

A three bedroom apartment situated 0.5 miles from Southgate Underground Station. The property benefits from ample residents parking, garage, modern kitchen and has over 800sqft. of living space. CHAIN FREE.

Owners love...“A bright and airy flat with great sized rooms.”

Winchmore Hill Road, N14 FREEHOLD

A semi-detached property with three bathrooms, rear extended kitchen/diner, family bathroom, loft extension with en suite, garden with large studio and off-street parking.

Owners love...“The great location close to outstanding schools (our two children went to Ashmole), the five minute walk to the tube and the amazing sunsets.”

Gerrards Close, N14

Owners love... “The kitchen, we have fantastic inbuilt AEG appliances that are less than 5 years old and a huge amount of inbuilt cupboards. ”

Owners love...“The combination of ‘peaceful yet 10 mins walk to the tube’ is gold dust. The property is excellently insulated, so it stays both warm and super-quiet.”

Owners love... “We love having everything on our doorstep, especially Oakwood Station. Getting into Central London is a breeze!”

£3,200 PCM

£4,300 PCM

£4,000 PCM

A 1930’s semi-detached home with five double bedrooms, two reception rooms, offering plenty of space for entertaining or relaxing. The private landscaped gardens offer a serene retreat.

WE’VE NOTICED…

• 0.5 miles to Oakwood Park

• Period features

• Large garage

Whitehouse Way, N14

A semi-detached home with a flowing through reception and lounge area, a convenient downstairs WC, and a generous kitchen dining space.

WE’VE NOTICED…

• 0.2 miles from Arnos Grove Station

• 1,850sqft. of internal space

• Off-street parking

A semi-detached, three bedroom home with a through reception room, bi-fold doors onto a South-facing garden and an open-plan reception and kitchen area.

WE’VE NOTICED…

• Garage

• This is a pet friendly house

• 0.9 miles to Arnos Grove Station

£4,000 PCM

A five bedroom family home with a large entrance hallway leading to an open-plan reception and kitchen, floor to ceiling patio doors to the garden, downstairs WC and utility. The property also has off-street parking.

WE’VE NOTICED…

• Walk-in wardrobe

• En suite to principle bedroom

• Juliet balcony

Lakenheath, N14

Seafield Road, N11

Chandos Avenue, N14

*Please

2 & 3 bedroom apartments, prices from £699,000 3, 4 & 5 bedroom houses, prices from £1,575,000

Surrounded by 413 acres of stunning English countryside, Trent Park by Berkeley Homes offers the perfect retreat for those looking to combine a quintessentially English setting with fast connections into London.

• Heated outdoor swimming pool • Tennis courts • Fully equipped gymnasium

• 24 hour security • Resident shuttle bus to Oakwood station.

THE UK LAND & NEW HOMES MARKET:

Property development and investment in the UK has always had its challenges, however over the last 18 months, there have been some major headwinds for housebuilders. Factors such as build cost inflation, the end of Help to Buy and rising mortgage rates have impacted the Land market, resulting in a more cautious approach by developers towards acquisitions. On top of this, the current planning system in the UK is often lengthy, complex and highly restrictive, with planning applications often being rejected due to restrictive zoning laws and NIMBYism. According to the Centre for Cities, 4.3 million homes are missing from the national housing market – the Government must improve the current planning system to encourage developers to purchase land and build new homes to meet this ever-growing demand.

Residential land values have fallen due to the above, however, there is variation across sub-markets in London and on a site-by-site basis. Demand has remained more robust for smaller sites in wellestablished upper-mainstream markets and well-connected larger sites where there are opportunities for alternative residential use, such as build-to-rent or serviced accommodation. With that being said, the demand for homes is still strong and a good design, specification and finish puts new developments in a good position to be sold for a strong price in a timely fashion.

The New Homes market has started strongly this year with the number of applicants registering to buy up 50% at Martyn Gerrard year on year. We are seeing strong demand for new built homes across the area where previously there was a much greater preference for period homes, which may partly be because of the rise in the cost and availability of reliable builders to renovate or upgrade these properties. There is a growing trend of aspiring homeowners searching for turnkey properties, allowing them to move in straight away and not have the burden of a refurbishment project.

Newer properties have become far more energy efficient and with the recent rise in energy prices, homeowners have their maintenance costs at the forefront of their minds when purchasing homes.

We have never been asked about the EPC rating of a home as often as we are right now. New homes are typically an A or a B rating, and some mortgage lenders also offer incentives for properties with an EPC rating of A or a B, most commonly known as green mortgages.

There is also a wide demographic of buyer that is currently buying new, First time buyers of course are leading the way with apartment purchases up to £600,000, and there also has been a surge in demand from cash-rich downsizers for both larger apartments and houses. The North London New Build house market between £700,000-£2,000,000 has proved to be popular with families this year and we have seen demand from both the domestic and international market. Buyers are willing to travel for the right product, location, size and specification, with these being the main drivers in a buyer’s decision making.

At Martyn Gerrard we have a wide selection of new build apartments, penthouses and houses available at a range of price points. Get in touch with our new homes department today for more information.

If you are a developer and want to seek advice on how to maximise the potential of your development, we have a team of professionals who are able to advise on specification, design. We are also effective at locating the right demographic of buyer to help sell your development at the best price.

Get in touch with our Land and New Homes department today.

020 8349 0515

landandnewhomes@martyngerrard.co.uk

Saleem Land & New Homes Manager

ARE YOU LIVING ON A GOLDMINE?

Do you own a plot of land that you aren’t using?

The Martyn Gerrard Land Department has over 25 years of experience and is well-equipped to assist you in obtaining the best price for your unused land. We have overseen the sale of numerous sites in the area and have a plethora of builders and developers in search of land of all sizes.

Whether you possess a large garden, a piece of land, a building plot, or a garage, with or without planning permission, we can help.

Contact: Ian Rosen, Land Manager

Saad

Athenaeum Road, N20 FREEHOLD

A four bedroom detached house in need of modernisation, with two bathrooms, off-street parking and garage. The property has potential to extend to the rear and side (STPP).

Owners love... “First time on the market since 1965. Potential for future development as access to Oxford Gardens through garage at rear or garden.”

Totteridge Lane, N20 FREEHOLD

A four bedroom detached bungalow offering 1,884sqft. of living space and located in the heart of Totteridge. The property has a 127ft. South-facing garden, a large integral garage and two kitchens. CHAIN FREE!

Owners love...“It combines living in a quiet cul-de-sac with being only a few minutes’ walk from a Northern Line Tube Station.”

Pollard Road, N20 FREEHOLD

An Edwardian four double bedroom family home with three reception rooms, original features and 1,909sqft. of living space. The property also has a large South-facing rear garden.

Owners love...“Super location for Whetstone high street - fantastic selection of restaurants and cafes.”

Owners

“It’s

Owners love...“We enjoy sitting out for our morning coffee on the balcony and the double French patio doors allow you to open the kitchen out.”

Owners love... “Conveniently located for the high street shops and transport links, including the Northern Line, Piccadilly Line and bus routes.”

SOLD STC

£4,600

£3,600

Oakleigh Park South, N20

A

• Perfectly located for Whetstone High

• Childrens’ play areas in the development

• Private garden

A well presented, four double bedroom, gated, detached family home with off-street parking. Situated on one of Whetstones premier roads, and located 0.2 miles to Oakleigh Park Station and Whetstone High Road.

WE’VE NOTICED…

• Secluded rear garden

• 0.2 miles to Oakleigh Park Station

• Refurbished to a very high standard

A luxury apartment with gated parking, situated on the first floor of this modern development. The property has direct access to large private roof terrace.

WE’VE NOTICED…

• 0.3 miles to Totteridge & Whetstone Station

• Modern open-plan living

• Fully fitted kitchen

Toye Avenue, N20

Alisa Lodge, N20

Higbey Lodge, N20

SALES

£1,050,000

£850,000

£1,100,000

Hoodcote Gardens, N21 FREEHOLD

The property has undergone a complete refurbishment and now offers 3,000sqft. of living space. Arranged over three floors this semidetached house has a kitchen-diner, utility room, cloakroom and garage.

Owners love... “It has been a great place to bring up our family.”

Bush Hill, N21 FREEHOLD

A spacious semi-detached family home, arranged over two floors with bi-fold doors leading to a private rear garden, two bathrooms, cloakroom and garage. Potential to extend (STPP).

Owners love...“The period features of this house, the stained glass front door is so pretty, along with the parquet flooring and fireplace in the hallway.”

Colne Road, N21 FREEHOLD

A well presented family home, arranged over three floors with a modern fitted kitchen, study, downstairs WC, private parking and a rear garden.

Owners love...“Each house is unique, reflecting the diverse personalities and lifestyles of good neighbours who come together to support one another.”

£899,500

Elsiedene Road, N21 FREEHOLD

Owners love... “Raising our children in the picturesque environment of Grange Park. It is a wonderful community with a villagey feel.”

Owners love...“Our house is quietly tucked away but all the lovely pubs and restaurants are a moment’s walk.”

Owners love... “The street has an incredible community with very friendly and welcoming neighbours.”

SOLD STC

£2,150

Sittingbourne Avenue, EN1

WE’VE NOTICED…

• 0.1 miles to Winchmore Hill Station

• Private balcony

A spacious three bedroom semi-detached family home with brand new carpets, a separate kitchen, a bright conservatory and a private landscaped rear garden.

WE’VE NOTICED…

• Newly decorated

• Resident parking

• 0.7 miles to Bush Hill Park Station

• Wooden flooring throughout • Gas central heating

WE’VE NOTICED…

• En suite off the principal bedroom

• Juliette balcony with views over London

• 0.5 miles to Palmers Green Train Station A stylish and bright, split level first floor apartment with a modern kitchen and fitted appliances, a spacious lounge with original features, two double bedrooms and a family bathroom with separate WC.

Located within the affluent urban area of Muswell Hill. This premise occupies a prime retail position on the popular Muswell Hill Broadway benefitting from a 15ft shop front and offers a total ground floor area of 66m2 (706 ft2) approx. The property further benefits from a lower ground floor area of 19m2 (204 ft2) approx ideal for storage. There are two WC’s in the basement. Suitable for a variety of occupiers subject to Landlords consent.

This unique triple fronted commercial class ‘E’ shop is located on the very popular Barnet High Street. The property layout is predominately open plan with kitchen and toilet facilities. Comes with vacant possession. The premises is close to major retailers such as Boots, Greggs, McDonald’s, Iceland’s and Large banks such as NatWest, Barclays and Nationwide building society. Freeholder may consider selling.

This detached office building with separate entrance is found in the heart of Finchley Central and just a short walk to the underground (Northern Line). The unit comprises of a ground and first floor, benefitting from a reception area, two large open-plan offices on the first floor with excellent natural light and multiple offices for meeting rooms and offices. Other features are large kitchen, multiple male and female WC and 6 parking bays.

Muswell Hill Broadway, N10

Dollis Mews, N3

A newly built commercial property located in the popular Crouch End area just a short distance from the famous clock tower. This ‘E’ use class is self-contained and runs over 3 floors. Comes in a shell-and-core format ready for fit out. There is an option to purchase the freehold. The building provides a total Gross Internal Area of 486m2 (5,244sqft). Tenure: 999 year long Leashold (Freehold optional).

This ground floor office comes with a share of a freehold (110 year lease). The unit has been separated into four offices, benefiting from double glazing and is carpeted throughout. There is also communal toilets and kitchen with a shared conference room and storage space available. This property is elected for VAT.

A modern 4th floor office suite in the heart of Finchley. Arranged over the whole top floor with a reception area, multiple offices, boardroom, 2 large open planned areas and two kitchenettes with ample cupboard space for storage. Located in the heart of Finchley Central and just a short walk away from Finchley Central Underground Station (Northern Line).

A boutique restaurant located in Belsize Park. The restaurant can accommodate in the region of 42 covers with an outdoor seating which can accommodate 8 customers, and the forecourt can seat an additional 12, totalling 62 covers. The shop benefits from an open plan seating area which leads into a bar/serving area. The kitchen and ladies/gents WC is located in the basement.

Road, London, N8

Galley House, Moon Lane, EN5