NEWSMAY 2013

Covering a varied selection of property for sales and to let throughout the London Borough of Bexley (Sidcup. Welling, Bexleyheath, Bexley ), North West Kent ( Dartford, Crayford, Swanley ) & South East London (Etham SE9, Woolwich SE18) as well as surrounding areas.

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Newsletter May 2013

STANDING OUT FROM THE CROWD THIS SPRING

Seller Shortage Helps PushAsking Prices• New seller asking prices up by 2.1%

(+£4,996) this month to £244,706, the highest April fi gure ever recorded.

• Fourth consecutive rise sees property coming to market up by 6.9% (+£15,717) so far in 2013, the second highest national fi gure ever recorded and within £1,529 of all-time high.

• Combination of more positive market senti-ment and seller shortage fuel upward price pressure:

1. number of newly marketed properties down 4% compared to same period last year.

2. 12% increase in new seller numbers yet unsold stock remains little changed indi-cating increase in sales.

3. quicker sales as average time on the market now 80 days compared to 90 days this time last year.

As Featured On Front Page......

A deceptively spacious and superbly presented architect designed, Scandinavian style 4 bedroom link detached house. Located in a highly sought after conservation area, providing easy access to Bexley Village. The superbly presented and deceptively spacious accommo-dation comprises an outstanding ground fl oor with an open plan layout comprising downstairs shower room, kitchen, dining area, steps down to lounge area with central fi replace, loggia and conservatory to the rear. To the fi rst fl oor landing are 4 double bedrooms and luxury family bathroom. Externally there are gardens to the front and integral garage with own driveway. This property represents a unique opportunity to purchase an outstanding property in a very desirable position. We would recommend your earliest possible viewing.

PROPERTY OF THE MONTH

Knoll Road, Bexley DA5 1AYGuide Price: £575,000

RIGHTMOVE HOUSE PRICE INDEXFOR MARCH 2013

The National Association of Estate Agents (NAEA) is advising sellers on how to maximise interest in a property, following resurgent buyer interest.

According to the most recent NAEA market report, house sales are at a three month high, and the promise of improving spring weather offers a prime opportunity for sellers to show off the best features of their home.

Mark Hayward, President of the NAEA, said: “Although there are positive signs of market recovery, sellers must still ensure they are maximising the plus-points of their property, helping to encourage prospective buyers to choose their property.

“Cosmetic improvements can be benefi cial but more important than these, a sensible valuation

and considered marketing of a property should still be the prime concerns of any spring sellers.”

Make sure the price is right - Choosing the right local estate agent to market your property and ensure your home is realistically priced is vital; if a property is valued at an unreasonable price it may put off potential buyers. Opting for an agent affi liated with a professional organisation like NAEA will mean you are protected against bad practice.

Outdoor appeal - As the weather improves, outdoor areas will be at the front of many buyers’ minds. This means concentrating on external aspects of the house such as the front garden, driveway and external facade, and paying the same level of attention to their condition as you would to internal spaces.

Gardens should be tidy, the approach should look welcoming, and exterior features should be well maintained or freshly painted EPCs - You are legally required to have an Energy Performance Certifi cate when you sell your home and even as the warmer months approach, the issue of rising utility bills is still of importance to most buyers.

Check your property’s EPC rating and try to fi nd out how it compares with similar homes. If your home falls into a less effi cient banding it may be worth investigating the most cost effective ways of improving the rating before you sell.

Does it work- In the process of selling a home it’s easy to overlook some of the smaller details. Ensuring that things like door bells, extractor fans and light bulbs all function correctly helps show the property is worth caring about.Source: naea.co.uk

SIDCUP £269,950The Grange, 293-295 Main Road, Sidcup, DA14 6QL

Stunning 3 bed top fl oor apartment in modern development. Easy access of local amen-ities. Spacious lounge with doors to balcony. Modern kitchen with built-in appliances. Master bedroom with walk-in wardrobe & ensuite. 2 further bedrooms. Family bathroom. Communal grounds. Allocated/visitors parking. Internal viewing a must. (ref 3360).

SIDCUP £389,950Marechal Niel Avenue, Sidcup, DA15 7PB

Spacious, extended 4 bed semi detached house in sought after tree-lined avenue. Vastly improved by current owners. 2 receptions. Modern kitchen. Master bedroom with ensuite. 3 further bedrooms. Family bathroom. Good size rear garden. OSP to front. Easy access for local shops, schools and transport links. (ref 3395).

SIDCUP £399,950Marlborough Park Avenue, Sidcup, DA15 9DP

Extended 4 bed semi det house. Popular and convenient location for schools, The Oval & Sidcup shopping facilities, Sidcup station, Marborough Park. Lounge. Dining room. Kitchen. Family bathroom. Master bedroom with ensuite, 3 further bedrooms. Rear garden. Single garage. Multiple OSP. (ref 3433).

THE HOLLIES, SIDCUP £529,995Cypress Tree Close, The Hollies, Sidcup, DA15 8HD

Spacious 4 bed det house on the sought after “Hollies” development. 2 receptions. Kitchen. Utility rm. D/s clkrm. Master bedroom with ensuite. 3 further bedrooms. Family bathroom. Large driveway for OSP. Integral garage. Landscaped rear garden. Onsite leisure club. Walking distance to Sidcup station. (ref 2747).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

t: 020 8300 6761www.drewery.co.uk

SIDCUP from £171,000Fold Apartments, Station Road, Sidcup, DA15 7AP

1 & 2 Bedroom Apartments. Parking. Rooftop Gardens. Floor to Ceiling Windows. Open Plan Living Areas. Walking Distance To Sidcup Station. Contemporary Artistic Exterior. Curved Elevations. Metallic Finishes. (ref 3281).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

t: 020 8300 6761www.drewery.co.uk

BEXLEY £245,000Rutland Close, Bexley, DA5 3HY

3 bed terr house in popular residential close. Easy access to shops, schools and Albany Park station. Semi open-plan lounge/diner. Kitchen. 3 bedrooms. Family bathroom. 40` rear garden. Driveway to front providing OSP. CHAIN FREE SALE. (ref 3292).

SIDCUP £89,950Heron House, Lansdown Road, Sidcup,DA14 4EG

Well presented one bed retirement fl at. Lounge. Kitchen. Bedroom. Bathroom. Communal lift, gardens and lounge area. Easy access to local amenities, including Sidcup station and High Street. Early viewing recommended. (ref 1468).

BEXLEYHEATH £110,000Broadway, Bexleyheath, DA6 8AJ

2 bedroom fi rst and second fl oor fl at. Lounge. Kitchen. 2 bedrooms. Bathroom. Convenient location in the heart of Bexleyheath, close to Station. Ideal for an investor seeking a Buy to Let opportunity. Chain free and reasonable offers considered. (ref 2277).

SIDCUP £435,000Manor Road, Sidcup, DA15 7HU

Secluded 2 bed bungalow on corner plot location. Sought after area with easy access to Sidcup station, shops, bus routes and schools. GCH. DG. 18`7 x 10`0 lounge leading to conservatory. Spacious kitchen with doors to garden. Master bedroom with ensuite. Second bedroom. Bathroom. Lawned garden to side and rear. Car port. OSP to rear. (ref 1946).

SIDCUP £349,995Longlands Park Crescent, Sidcup, DA15 7NE

Deceptively spacious 3 bed semi detached house in sought after Longlands Park Crescent. 28`1 x 15`4 lounge/dining rm. Modern kitchen. Master bedroom. 2 further bedrooms. Family bathroom. Rear garden. Hardstanding to front with OSP for 2 cars. CHAIN FREE. (ref 3408).

VIDEO PRESENTATIONVisit our Property Channelwww.drewery.tv

Unique 4 bed s/det Edwardian house. Stunning condition. Elegantly & tastefully decorated t/out. Entrance vestibule. Lounge with corner bay. Modern kitchen open

to dining area. D/s bthm & U/s shower rm. Master bedrm with corner bay. 3 further beds. Gravel driveway & att garage. Astro turfed lawn to rear garden. Early viewing

a must. (ref 2736).

SIDCUP £575,000The Drive, Sidcup, DA14 4ER

DREWERY RESIDENTIAL INVESTMENTS

t: 020 8269 6600www.drewery.co.uk

Tenants Looking for a Property?Come and talk to your localLicenced ARLA Agentand benefi t from the experience of the longest established letting agent inthe local area – Established. 1946

Have confi dence in consulting with a qualifi ed and trained agent who can give you up-to-date advice and guidance.

BEXLEYRENTAL: £900 PCMWedgewood Court, 35 Parkhill Road, Bexley, DA5 1HL

Spacious 2 bed fi rst fl oor apartment. Sought after location close to Bexley Village & Bexley station. GCH. Part DG. E/phone. Lounge. Kitchen. 2 double bedrooms. Bathroom. Communal gardens. Garage en bloc. Avail early May. Unfurnished. (ref 1756).

THE HOLLIESRENTAL: £1,300 PCMThe Oaks, Acacia Way, The Hollies, Sidcup, DA15 8WW

2 bed Edwardian conversion fl at. Sought after “Hollies” development, walking distance to Sidcup station. E/phone. High ceilings. Spacious living room. Fitted kitchen with appliances. Master bedroom with ensuite. Garage. Alloc parking space. Communal gardens. (ref 1610)

DARTFORDRENTAL: £625 PCMSelwood Court, Churchill Close, Dartford,DA1 1QL

1 bed purpose built 1st fl oor fl at in residential location, cloes to Bluewater shopping centre, schools & motorway links. Elec htg. DG. Spacious living room. Kitchen with appliances. Good size double bedroom. Modern bathroom. Communal gardens. Allocated parking space. Avail now. Unfurnished. (ref 2771).

SIDCUPRENTAL: £1,550 PCMLonglands Park Crescent, Sidcup, DA15 7NE

Well maintained 4 bed s/d house. Sought after residential close, close to station, schools, shops & bus routes. GCH. DG. 2 receptions. Fitted kitchen. 3 double & 1 single bedroom. MOdern bathroom. OSP for 2 cars. Garden. Avail now. Unfurnished. (ref 650).

LATEST PROPERTIES TO RENTCALL US TODAY TO REGISTER YOUR DETAILS

T: 020 8269 6600

INGRESS PARKRENTAL: £1,100 PCMPortland Place, Ingress Park, Greenhithe, DA9 9FE

2 bed split level duplex apartment on sought after Ingress Park development. Stunning views over the River Thames and QE Bridge. DG. Elec htg. High spec. Lounge with doors to balcony. Open plan kitchen. Cloakroom. 2 double bedrms. Bathroom. 2 u/ground parking spaces. Avail now. Unfurnished. (ref 520).

SIDCUPRENTAL: From £900 PCMFold Apartments, Station Road, Sidcup, DA15 7AP

Selection of 1 & 2 Bedroom Apartments. Parking. Rooftop Gardens. Floor to Ceiling Windows. Open Plan Living Areas. Walking Distance To Sidcup Station. Contemporary Artistic Exterior. Curved Elevations. Metallic Finishes. (ref 3442).

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To find out more visit your local showroom in Sidcup: 2 Hurst Road, Sidcup, Kent. DA15 9ABTel: 0208 308 9700

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PROFESSIONAL PROPERTY SERVICES SINCE 1946

t: 020 8300 6761www.drewery.co.uk

Want to become a Landlord? Look, Locate & Learn

Bank of England - Agents’ summary of business conditions - April 2013.

Housing Market

There were further reports of improving housing market activity, both for new home sales and secondary market transactions. That had continued to refl ect falls in mortgage rates - including at high loan to value ratios - and an improvement in mortgage availability, as well as the effects of specifi c government-backed incentive schemes for home ownership.

An Agents’ survey of companies close to the housing market also found a marked improvement in mortgage conditions over the past year. The easing in creditconditions - in part due to the effects of the Funding for Lending Scheme - was seen by many contacts as causing some ‘freeing up’ of the housing market, with some potential buyers - including fi rst-time buyers - encouraged to return to the market.

However, there were reports that sales were taking longer to complete than had historically been the case, refl ecting tighter scrutiny of mortgage applications than in the past and buyer uncertainty in some cases.

Tom Ferguson, Assistant Sales Manager at Drewery Property Consultants commented ‘’We have seen great improvements in the property sales market since the beginning of the year in Sidcup and the surrounding local areas. As mortgage availability continues to improve we are seeing more buyers coming to the market and are now starting to see demand outstrip supply for certain types of property. The average time taken to complete the legal process has increased slightly due to changes in mortgage application procedures but the average time to fi nd a buyer has decreased due to increased demand’’

Source: naea.co.uk

Further reports of improving housing market activity, both for new home sales and secondary market transactions.” Bank of England reports

The potential private landlord encouraged by the Buy-to-Let initiative must consider any purchase as a medium tolong term investment, ignore personal tastes and considerations and avoid property with potential maintenance problems such as a lot of woodwork or a large garden. These will add nothing to the rental value but cost a lot to keep up.

Even when prospecting in an area that is well known, the potential landlord must view it through different eyes and take into account the common denominators sought by potential tenants in terms of property, location, amenities and facilities.

This is where the advice of the experienced letting agent will show it’s value. The letting agent automatically looks at every property for its letting potential, knowing how it will fi t into the pattern of demand. The points to take into account cover the property itself and the location. What type of property is in short supply on the local letting market? Is there demand for fl ats or for houses, with two, three or fi ve bedrooms? How many bathrooms should there be per bedroom? Are patios, terraces or small gardens popular, and do they add to the rental value? Are most tenants commuters? Do they tend to travel by bus, train or car? Therefore, is the property on a reliable bus route, close to a station or does it have a garage or easy parking? Are these tenants fast-track young professionals wanting restaurants, health clubs and sports facilities close by, or are they more senior, looking for the

quiet life, just off the beaten track but convenient to the motorway to get to work and for weekends away?

The permutations are endless but when Buying-to-Let there is not the rush to buy that can occurs when Looking-for- Living, competing for that permanent dream home that fi ts all personal requirements. It is the database and experience of the established letting agent in the local market that supplies the right answers, not the circumstances, tastes or aspirations of the investor landlord.

Rentals are relatively short term, from six months to three years on average. So it is probable that successive tenancies will be taken by people who fi t the same market profi le, whose time for fulfi lling dreams has yet to come. If a Buy-to-Let property is bought with that in mind, successful letting will be the norm and any void period between tenancies will be the shorter.

Why not take advantage of Drewery’s free Buy to Let consultation where we can provide you with vital tips on what to consider when looking for your property, where best to look and how we can help you once a property has been found – this can be done over the phone or at our offi ces and is without obligation. Call 020 8269 6600 or email info@drewery.co.uk.

Source: arla.co.uk

Established Agent: Drewery are the most established agent in the area (est 1946) with a proven track record and membership of the NAEA & ARLA.

Prime Offi ce Location: Drewery occupy an unrivalled, prime location, close to Sidcup Station and major supermarket.

Experienced Sales Team: Drewery employ the most experienced sales & letting team locally with 15 members of staff.

Maximum Internet Exposure: Drewery has the most dominant internet exposure locally including Rightmove, Primelocation & Zoopla, plus 30 other property websites.

Why use Drewery Property Consultants?

Contact UsDREWERY PROPERTY CONSULTANTS

128 Station Road Sidcup DA15 7AF

Telephone:

Sales: 020 8300 6761Lettings: 020 8269 6600

Out of Hours Numbers:

Sales: 07749 554687Lettings: 07743 470954E: info@drewery.co.ukW: www.drewery.co.uk www.drewery.tv

Offi ce Hours:

9am– 6pm Weekdays9am- 4pm SaturdaysSundays & after 6pm see our out of hours numbers

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