The former is extremely popular with young families looking to make the next step up the ladder and expand their lives and homes. The latter is a favourite for first-time buyers, families buying for children and young professionals who themselves may be looking to get on the ladder and potentially move on a permanent basis.
You’ll find them on quiet, tree-lined residential streets including the Bishops Park area. These period houses will have three to four bedrooms, but have huge potential for added value by building into the roof, the basement in some cases or with an extension.
Properties in the Bishop’s Park area often have good sized gardens, making them ideal for people with young families. While many properties in this style are in the catchment areas of fine schools including Lady Margaret and Kensington Prep.
The houses often have plenty of original features, but many have also been carefully modernised and updated, making them great choices for people looking for a home that’s ready to move into. In terms of transport, these houses are often located close to tube and rail stations, no more than a 10-minute walk, so commuting will be a doddle.
These are highly appealing properties, and, depending on the market, are unlikely to drop significantly in value. They’re a solid investments, whether you’re there for a few years before a move to the country, or you’re in it for the long run.
Popular areas and prices for this type of property
Green and Hurlingham Area – Currently circa £1,100/ sq ft
Roads off the Fulham Rd. – Currently circa £950 - £1000/sq ft
Houses in the ‘Villes’ – Circa £900 - 950/sq ft
Property off Munster Rd - £850 - £900/sq ft
Bishops Park - £750 - £1,000/sq ft (Depending on Street)
These are for the first time buyers and the smart landlords looking to rent out a beautiful properties to young professionals in the area. One or two bed is the ideal, and many have gardens that give the property plenty of potential for added value through a side or rear extension. Even top floor flats in the area have plenty of scope for improvements, as the period nature of the property means the roof space is perfect for conversion too.
Location is enormously important for these properties. Buyers want to be on a sought after residential street, in close proximity to Parsons Green and Fulham Broadway. Buyers want to be in the heart of things, close to the bars and restaurants, but also Parsons Green and Eel Brook Common for those sunny Sundays. Transport links are important too, as buyers with busy lives don’t want to waste more time than they have to on dreary commutes.
On the more practical side of things, it’s important when buying one of these flats that you get Share of Freehold, or a good long lease, as short lease make any future move difficult. If the lease is 80 years or less, perhaps reassess your options.
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