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BUYERS

EXPERTS IN LOCAL AUTHORITY PROPERTY

If you are considering buying an ex-local authority property in London, register your details with us and not only can we show you properties in various locations that fit your budget and requirements, but we can also offer you our expertise and knowledge of ex-council properties. We can advise on mortgageability, common pit-falls, conveyancing issues and more.

The growing demand for ex-local authority properties.

  • Often situated in prime locations in every London borough. Cheaper, larger and often very close to transport links, stadiums, universities and hospitals. Ideal for both buy-to-live or buy-to-let.
  • Never built for profit. Solid build quality, larger room built for living - well-located ex-local authority properties regularly achieve rents not dissimilar to those of expensive, private, modern builds.
  • Lower entry price-points mean rental yields far above the London average.
  • Given their layouts and size, many ex-local properties have fantastic potential to convert and add more bedrooms, further increasing the yield and capital value.
  • Local authority freeholders mean low service charges, peppercorn ground rents and protection from soaring overheads often associated with private developments.
  • Since 2014, the prices of ex-local authority properties in certain parts of London have actually risen faster than those in private homes and new-build developments.
  • As right-to-buy continues, more and more flats in council blocks are becoming privately owned, making mortgages easier to obtain, increasing the capital appreciation of your investment as time goes on.

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EXLA London Featured Properties

Greyhound Lane, Streatham, SW16, 3 Beds – SOLD AT AUCTION

Guide Price = £300,000+

**For Sale By Auction 17th September 12:00 PM To inspect the legal documents for this property please call us for more info 020 3328 0377**

 

This 3 bedroom flat with terrace is situated just moments from Streatham Common and just 0.3 miles from both Streatham and Streatham Common stations. The property has been recently refurbished and the building itself has recently had external works to include a new roof.

Wyndham Estate, SE5, 4 Beds – £2250pcm – LET

Residing on the top-floor of a quiet, residential building just a moment’s walk from Burgess Park and the shops, bars and restaurants of Camberwell Green. The property has just been fully refurbished to a high standard, and is fully furnished with brand-new furniture throughout, all rooms are good doubles, with one enjoying a private balcony, with a brand new fitted kitchen with all new appliances, a family bathroom suite and separate WC. The property is available from next week and would make an ideal home for sharers. Early viewings recommended.

Windmill Road, W5, 4/5 Beds – £4000pcm – LET

Residing on a quiet, residential street just a short walk from transport links into the City, this spacious four double bedroom house features a picturesque and well-kept private garden, spacious and modern, brand-new eat-in kitchen, two bathrooms, and a spacious reception that can be used as a fifth bedroom. Newly refurbished to an impeccable standard, the property features LED lighting, fully integrated audio-visual connections throughout, privacy windows and is offered fully furnished to a high standard. With Piccadilly Line links from Northfields just a short walk away, as well as overground links from Brentford. this would make an ideal home for a family, or sharers looking for a high quality home. Early viewings highly recommended.

Kingswood Close, SW8, 6 Beds – £3750pcm – LET

Rare to the market, this stunning, newly refurbished six double bedroom, end-of-terrace house resides on a quiet cul-de-sac, with off-street parking and is located just a short walk from sought-after Lambeth Road, with Vauxhall (Victoria Line) and Stockwell (Northern Line) both just a short walk away. The property comprises spacious open-plan reception/kitchen leading directly to a large private garden, two bathrooms, 2 WC’s, study, and six double bedrooms, this would make a fantastic home for a group of sharers. Just moments from the bars, restaurants and shops of Lambeth Road and with numerous transport links close by, along with Oval cricket ground and Vauxhall Park. The property is available immediately. Early viewings recommended.

Camberwell Grove, SE5, 3 Beds – £2200pcm

A large and well kept 3bedroom, ground-floor maisonette with a private, patio garden and large eat-in kitchen. Residing on a tree-lined residential street in the heart of popular Camberwell Green, the property is offered fully furnished, with laminate wood flooring throughout the ground floor. Comprising an expansive kitchen/diner, huge reception with double-doors opening onto a bright patio to the rear, two large double bedrooms, one single bedroom, study and a large bathroom suite. With over-ground transport links just a short walk away at Denmark Hill, as well as the numerous shops, bars and restaurants of Camberwell Green, this would make an ideal home for either a family or group of sharers. Available immediately.

Glenfinlas Way, SE5, 3 Beds – £425,000

Residing just moments from Kennington Park, this spacious three bedroom maisonette offers a fantastic opportunity for both investors and residential purchasers looking for an easy commute to the city, with northern line links from Oval just a short walk away. Comprising spacious eat-in kitchen, large reception with an abundance of natural light, two large double bedrooms, single bedroom, family bathroom suite and separate WC, the property has low service charges and would therefore make a fantastic buy-to-let investment in an area that is always popular with renters. With a private balcony, and offered to the market chain-free. Early viewings highly recommended.

Rainsborough Avenue, SE8, 3 Beds – £1900pcm

Offering spacious accommodation throughout, this three/four bedroom maisonette features a private balcony and is offered ether furnished or unfurnished. Comprising large eat-in kitchen, spacious reception (can be used as a fourth bedroom) with private balcony, three upstairs bedrooms, bathroom suite and separate WC. Just a short walk from the river and with Surrey Quays overground close by, this would make an ideal home for sharers looking to be striking distance from the city. Available immediately.

Limehouse Causeway, E14, 2 Beds – £350,000

A well-presented two double bedroom apartment, ideally located for commuting to the financial district or the city. With a secluded private garden, the apartment offers spacious accommodation throughout, comprising separate fitted kitchen, large reception with double doors opening onto the garden, two large double bedrooms and a family bathroom suite. With copious storage throughout and offered to the market chain-free, this would make an ideal rental investment or first-time-purchase. Residing in a low-rise, brick-built block just a moment’s walk from Westferry DLR (7 minutes to Bank, 2 minutes to Canary Wharf), and with the many shops, bars and water-front restaurants of Canary Wharf just a short walk away. Early viewings highly recommended.

 

Yield Breakdowns:

 

Standard Let:

Gross Annual Income – £19,200 (£1,600 pcm)

Net Annual Income – £15,686 (after fees, service charge, ground rent)

Gross Yield – 5.5%

Net yield – 4.5%

 

 

EXLA Managed Let

Gross Annual Income – £26,400 (£2,200 pcm)

Net Annual Income – £19,384 (after fees, service charge, bills, council tax, ground rent)

Gross Yield – 7.5%

Net Yield – 5.5%

 

 

EXLA Guaranteed Rent

Gross Annual Income : 19,200 (£1,600 pcm)

Net Annual Income : £17,990 (after service charge, ground rent)

Gross Yield – 5.5%

Net Yield – 5.1%

 

 

(Yields calculated on a purchase at asking price. Figures are based on estimated overheads. Contact us for a full breakdown.)

*Based on an assumed letting fee of 10% + VAT

Seyssel Street, E14, 3 Beds – £375,000

Ideally located just moments from Island Gardens DLR and a short walk from Canary Wharf, and Greenwich, this stunning split-level maisonette offers a fantastic opportunity to secure a stylish home in the heart of the Isle of Dogs. With high-spec fittings throughout, the property features high-quality wood flooring, double-glazed windows throughout with bespoke fitted blinds, a sleek and modern kitchen, bathroom suite with bath and walk-in shower, separate downstairs WC, ample storage throughout and a 180+ year lease. An ideal first home or rental investment, the property is offered with existing furnishings included and could be moved into immediately. Located on the top (3rd and 4th) floors with a private balcony overlooking leafy gardens, the apartment resides in a low-rise building in a quiet, residential location just moments from the amenities and woodlands of Mudchute Park and Farm. With easy DLR links into the city (4 stops from Canary Wharf; 18 minutes to Bank), and a large Asda just a short walk away. The property is offered to the market chain-free. Early viewings highly recommended.

Elmington Estate, SE5, 3 Beds – £350,000

Located on the 2nd and 3rd floor of this well-maintained block of twelve flats, this spacious three double bedroom maisonette offers a fantastic opportunity for investors and residential purchasers alike. Comprising spacious entrance hall with storage, a huge, light reception leading to private balcony, separate eat-in kitchen, two large double bedroom and a smaller double bedroom, family bathroom and separate WC. Residing in a corner plot on the upper floors, offering privacy and quiet, the property benefits from a multitude of transport options on the doorstep with Elephant & Castle just 10 minutes away by bus, and with underground links from Oval a short walk away. This would make an excellent, high-yield rental for the discerning investors, or an ideal family home for residential purchasers. The property is offered to the market chain-free. Early viewings highly recommended.

Estimated Yields :

Standard Let:

Gross Annual Income – £21,600 (£1,800 pcm)

Net Annual Income – £17,798 (after fees*, service charge, ground rent)

Gross Yield – 5.8%

Net yield – 4.7%

EXLA Managed Let

Gross Annual Income – £31,200 (£2,600 pcm)

Net Annual Income – £23,608 (after fees*, service charge, bills, council tax, ground rent)

Gross Yield – 8.3%

Net Yield – 6.3%

EXLA Guaranteed Rent

Gross Annual Income : £21,600 (£1,800 pcm)

Net Annual Income : £20,390 (after service charge, ground rent)

Gross Yield – 5.8%

Net Yield – 5.4%

(Yields calculated on a purchase at asking price. Figures are based on estimated overheads. Contact us for a full breakdown.)

*Based on an assumed letting fee of 10% + VAT

Gee Street, EC1V, 1 Bed – £449,995

This spacious one double bedroom apartment has been well looked after by the current owner and ideally located for city professionals. Residing in an iconic ex-local authority building in Gee Street, the property is just a short walk from a choice of underground lines at both Old Street and Barbican, as well as future Crossrail links at Farringdon Station nearby. Enjoying a quiet location just moments from a plethora of restaurants, shops and bars, this would make both an ideal residential purchase and rental investment. Comprising entrance hall with built-in storage, large double bedroom, spacious and light reception leading to a private, south-facing balcony, a separate eat-in kitchen and a fully tiled bathroom suite. Parmoor Court features private communal gardens for residents and resides in a sought-after, central location. Early viewings highly recommended.

Manor Road, N16, 3 Bed – £475,000

This spacious and bright, three double bedroom apartment has been lovingly cared for by the current owners and is in immaculate condition throughout. Residing on the third floor of a low-rise, brick-built development in a leafy, residential setting. Just a short walk from both Clissold and Abney Parks, and with trendy Stoke Newington Church Street and transport links from Stoke Newington Station both within walking distance, the property would make either a fantastic investment or residential purchase. Comprising entrance hall, bright reception room with private balcony, large separate fitted kitchen, three double bedrooms, family bathroom suite and a separate WC, the property comes with a long lease length and low service charges. Early viewings highly recommended.

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