Looking to buy a completed UK property?

12 Nov 2017

  • Article Search

    With the British pound at a 31-year low, there are immediate advantages to investing in the UK market. The currency exchange means you can get a lot more for your money. Add to that low interest rates, and the supply/demand imbalance and the returns on investment look promising, thanks to stable home prices and rentals.

    You can start earning a rental income immediately by buying secondary stock.

    So, what should you look for when buying a completed property?

    •     Length of lease – check this is reasonable. Over 100 years is acceptable.

    •     Age of building – remember that while a completed property may not be in the same pristine condition as a new one, you will be able to add equity by renovating to improve its condition.

    •     Organise your finances – having an Agreement in Principle arranged with your bank or mortgage lender will put you in a stronger position than other buyers as you will know how much you can borrow, without affecting your credit score.

    •     Service charge - this is often lower with an older property, potentially increasing the investment yield. 

    •     Resale potential – consider the property’s aspect and view and how it may be impacted in future as this will affect its value. This is easier to judge when a property is completed and can be viewed, and is a very important consideration in areas like Canary Wharf.

    •     Move quickly once you’ve put an offer in.

    Investment Opportunities

    Unison, Churchway, London, NW1

    -             One-bedroom apartment

    -              6/F, 506 sq ft,

    -              Price from £720,000

    -              Great location in Zone 1, only 3 minutes’ walk to Euston station and a short walk to Regent’s Park

    -              Close to University College London and the British Library

    -              Excellent rental investment opportunity or for use as a pied-a-terre

    Horizons Tower, Yabsley Street, London, E14

    -             Stunning two-bedroom apartment with two bathrooms

    -              6/F

    -              Price from £600,000

    -             Balcony with excellent view

    -              Private residents’ gym

    Craig Tower, Aqua Vista Square, London E3

    -             One-bedroom apartment

    -              570 sq ft

    -              Price from £350,000

    -             Courtyard and canal views

    -              Situated in trendy Bow, minutes from Canary Wharf’s financial centre

    -              Apartments are finished to the highest standard

    -              Currently let for 1 year

    For JLL International Residential Property listings, please click here.

    For more information on investing in overseas homes, visit our dedicated webpage, or contact us at +852 3759 0909 / irp.hk@ap.jll.com or click here for enquiries. 

  • Article Search

    Related Articles