NEWSFEBRUARY 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 February 2013

SIDCUP COULD SOON BE SEEING A NEW SCHOOL!

Rightmove Forecasts 2% Rise In 2013• Newsellers takeheedofwinterslowdown

andchoptheiraskingpricesbyanaverageof£7,772(-3.3%)

• Inspiteofthelargestmonthlyfalleverrecord-ed,newselleraskingpricesarestillupby1.4%in2012–andRightmovepredictstheslowrecoverywillcontinuethrough2013:

• Rightmove forecasts a national 2% risein 2013 assisted by greater competitionamonglenderstolend.However,withinfla-tionrunningatmorethan2%,housingisbe-comingcheaperinrealterms

• Newsellershortagewillcontinue tounder-pinprices,withnosignificantincreasetothecirca1.2millionnewlistingsseenineachofthelastthreeyears

• Signs of slight improvement in the market,with average gap between final askingpriceandsoldpricenarrowing to3.7% in2012compared to4.9% in2009,2010and2011

As Featured On Front Page......

AmuchsoughtafterEdwardiantopfloorconversionapartmentsitu-ated on the prestigiousHollies development,withinwalking dis-tanceofSidcupstation,localshops,schoolsandbusroutes.Thischaracterproperty issituatedwithinacresofparklandwoodlandandtheonsiteleisurecomplex(separatecharge)iswithinafewminuteswalkandoffersswimmingpool,tenniscourts,gymnasium,etc.The internalaccommodationbrieflycomprises:entrancehallwithdiningareaprovidingaccesstolivingroom,modernfittedkitchen,doublesizebedroomandthemodernbathroomcompli-mentstheinternal layout. Externally there are attractive commu-nal groundsandallocatedparkingisalsoprovided.

PROPERTY OF THE MONTH

Acacia Way, The Hollies, Sidcup £215,000

The New Generation School TrustisworkingtodeliveranewschoolforSidcupandhopes toopen it inSep-tember 2013. The new school willbe called Hope Community School(HCS) and will start taking pupilsgradually from September 2012 butat full capacity the school will have175 primary pupils in reception toyear 6. The school will be open tochildren of all faiths and no faiths.

The preferred site of the school hasbeen reportedas167 Rectory Lane,Sidcup,Kent, the former independentprimaryschool,Harenc,andtheadja-

centchurchhall. If this isnotsuccess-ful asa long termoption, the schoolwill be searching out and securingpremiseselsewhereintheCrayMead-ows ward (DA14 5 OR DA14 4).

As part of its formal responsibilities,the New Generation Schools Trustwill be consulting with parents, car-ersand the localcommunityover thenext few month - further details can

be found by visiting their website:www.hopecommunityschool.orgIt is worth considering that oftenschools are the main reasons whyfamilies move even when they aretotally happy in their current home.Any property located within a suc-cessful school’s catchment areagenerally benefits from greater de-mand and higher property prices.over the next few month -

further details can be found by v i s i t i n g t h e i r web s i t e : www.hopecommunityschool.org

It is worth considering that often schools are the main reasons why families move even when they are totally happy in their current home. Any property located within a successful school’s catchment area generally benefits from greater demand and higher property prices.

SIDCUP COULD SOON BE SEEING A NEW SCHOOL!

Newsletter February 2013

Rightmove Forecasts 2% Rise In 2013

New sellers take heed of winter slowdown and chop their asking prices by an average of £7,772 (-3.3%)

In spite of the largest monthly fall ever recorded, new seller asking prices are still up by 1.4% in 2012 – and Rightmove predicts the slow recovery will continue through 2013:

Rightmove forecasts a national 2% rise in 2013 assisted by greater competition among lenders to lend. However, with inflation running at more than 2%, housing is becoming cheaper in real terms

New seller shortage will continue to underpin prices, with no significant increase to the circa 1.2 million new listings seen in each of the last three years

Signs of slight improvement in the market, with average gap between final asking price and sold price narrowing to 3.7% in 2012 compared to 4.9% in 2009, 2010 and 2011

RIGHTMOVE HOUSE PRICE INDEX FOR DECEMBER 2012

PROPERTY OF THE MONTH As Featured On Front Page…..

A much sought after Edwardian top floor conversion apartment situated on the prestigious Hollies development, within walking distance of Sidcup station, local shops, schools and bus routes. This character property is situated within acres of parkland woodland and the on site leisure complex (separate charge) is within a few minutes walk and offers swimming pool, tennis courts, gymnasium, etc.

The internal accommodation briefly comprises: entrance hall with dining area providing access to living room, modern fitted kitchen, double size bedroom and the modern bathroom compli-ments the internal layout. Externally there are attractive commu-nal grounds and allocated parking is also provided.

Acacia Way, The Ho l l ies , S idcup £215 ,000

the former independent primary school, Harenc, and the adjacent church hall. If this is not successful as a long term option, the school will be searching out and securing premises elsewhere in the Cray Meadows ward (DA14 5 OR DA14 4).

As part of its formal responsibilities, the New Generation Schools Trust will be consulting with parents, carers and the local community

The New Generation School Trust is working to deliver a new school for Sidcup and hopes to open it in September 2013. The new school will be called Hope Community School (HCS) and will start taking pup i l s g r adua l l y f r om September 2012 but at full capacity the school will have 175 primary pupils in reception to year 6. The school will be open to children of all faiths and no faiths.

The preferred site of the school has been reported as 167 Rectory Lane, Sidcup, Kent,

Avg. Price

Dec 12

Avg. Price

Nov 12

Monthly

Change

Avg. Price

Dec 11

Annual

Change

Bexley £216,095 £221,278 -2.3% £212,022 1.9%

Bromley £345,618 £351,080 -1.6% £326,976 5.7%

RIGHTMOVE HOUSE PRICE INDEXFOR DECEMBER 2012

SIDCUP £389,995BirchwoodAvenue,Sidcup,DA144JU

Spacious3bedfamilyhomeinoneofSidcup`smostdesirableroads.DG.GCH.2 receptions.Modernkitchen.Masterbedroom.2 furtherbedrooms.Familybath-room with bath and shower cubicle. Rear garden with summerhouse and shed.Singlegarage&OSP to front.Easyaccess toSidcupstation,shopsandschools.(ref3308).

SIDCUP£279,995MainRoad,Sidcup,DA157EJ

Stunning3bedtopfloorapartmentinmoderndevelopment(onlysevenyearsold).Featuringa lounge/kitchenareaof30ft long,abalconyoffering viewsover thesurrounding area, master bedroom with dressing room & ensuite, 2 further bed-roomsandmodernfamilybathroom.Requiresinternalviewingforfullappreciation.(ref3360)

SIDCUP £269,995SidcupHill,Sidcup,DA146HY

Deceptively spacious 3 bedroom period terraced house. 2 reception rooms.Modern kitchen.2doubleand1 singlebedroom.Familybathroom.Front& reargardens. Easy reach of Sidcup High St, bus routes and schools. CHAIN FREE.(ref3346).

BEXLEY £475,000Ridgecroft,Bexley,DA52DE

Superblypresented4beddethouseinsoughtafterclose,justoffWansuntRoad.Compre-hensivelyimprovedanddecoratedtoahighstandard.Lightloungetofront.Superbyfittedkitchen/diner.DGconservatory.D/swc.4beds.Luxurybathroom/wc.Establishedwelltendedgardens.Detgge&multipleOSP.DG.GCH.Airconditioning.Qualityflooring.(ref2374).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

SIDCUP£500,000WillersleyAvenue,Sidcup,DA159EJ

Deceptivelylargeextended5bedfamilyhomelargerthantheaveragechaletstylehouse.Lounge.24`5extendeddiningroom.`L`shapedkit/diner.Utilityarea/sepwc.Masterbedroomwithensuite.4furtherbedrooms.Familybathroom&separateshowerroom.OSPtofrontandintegralgarage.Establishedreargarden.Earlyviewingrecommended.(ref3132).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

BEXLEY £575,000KnollRoad,Bexley,DA51AY

Deceptivelyspacious&superblypresentedarchi-tectdesigned,Scandinavianstyle4bedlinkdethouseOpenplangroundfloorwithkitchen,din-ingareaandlounge.Loggiaandconservatory.D/sshowerroom.4doublebedrooms.Luxurybathroom.Gardentsfront&rear.Integralgarage&driveway.Earliestviewingrecommended.(ref3033).

SIDCUP£89,950LansdownRoad,Sidcup,DA144EG

Wellpresentedonebedretirementflat.Lounge.Kitchen.Bedroom.Bathroom.Communallift,gardensandloungearea.Easyaccesstolocalamenities,includingSidcupstationandHighStreet.Earlyviewingrecommended.(ref3073).

SIDCUP £369,995HurstRoad,Sidcup,DA159AH

4/5bedsemidethousewitheasyaccesstostation,busroutes,shopsandSidcup`ssoughtafterschools.DG.GCH.Diningroom.Loungewithdoorstoreargarden.Rec3/bed5.D/sclkrm.Modernkitchen.4bedroomsupstairs.Familybathroom.Sepshowerroom.60`reargarden.OSPtofront.CHAINFREE.(ref3194).

SIDCUP £280,000GloucesterAvenue,Sidcup,DA157LL

EXTENSIONPOTENTIAL(stpp).1930`sbuilt3bed,bayfrontedsemidetachedhouse.Desirableresidentialroad,closetostationandschools.Throughlounge.Kitchen.3bedrooms.Bath-room/wc.Garage&driveway.Reargardenwithpatioarea.Earlyviewingrecommended.(ref3343).

VIDEOPRESENTATIONSVisitourPropertyChannelwww.drewery.tv

3beddetachedhousebuiltonly3yearsagotoanexcellentspecificationandsituatedinpopularandconvenientoverlookingTheOvalgreen.DG.GCH.2receptions.

Kitchen.D/scloakroom.Utilityarea.Masterbedroomwithensuite.2furtherbeds.Fam-ilybathroom.Reargarden.OSPongravelleddriveway.Earlyviewingadvised.

(ref3152).

DREWERY RESIDENTIAL INVESTMENTS

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

Looking for a Buy-to-Let investment?ComeandtalktoyourlocalLicencedARLAAgentandbenefitfromtheexperienceofthelongest establishedlettingagent-Established.1946-

Have confidence in consulting with a qualified and trained agent who can give you up-to-date advice and guidance on the Buy-to-Let market.

SIDCUP £219,950RENTAL GUIDE: £900 - £1000 PCMMainRoad,Sidcup,DA146QL

2bedfirstfloorflat-builtonly3yearsago.Spa-cious,lightaccommodationinexcellentconditiont/out.GCH.DG.20`dualaspectlounge.Highqualityfittedkitchen.2doublebedrooms(onewithensuite).Modernbathroom.Allocatedparkingspacetorear.Communalgardens.Easyaccesstoamenities.Earlyviewingrecommended.ChainFree.(ref3028).

BEXLEY £172,500RENTAL GUIDE: £800 - £900 PCMEsherClose,Bexley,DA53LD

Postwar2bedfirstfloormaisonetteoffHurstRoad.ClosetostationsandbothBexleyandSidcupHighStreets.Lounge.Kitchen.2bedrooms.Bathroom/wc.Privategardenstosideandrear.Garageenbloc.Extended99yearlease.ChainFree.(ref3162).

SIDCUP £269,995RENTAL GUIDE: £1100 PCMSidcupHill,Sidcup,DA146HY

Deceptivelyspacious3bedroomperiodterracedhouse.2receptionrooms.Modernkitchen.2doubleand1singlebedroom.Familybathroom.Front&reargardens.EasyreachofSidcupHighSt,busroutesandschools.CHAINFREE.(ref3346).

SIDCUP £159,950RENTAL GUIDE: 800 - £850 PCMStaffordRoad,Sidcup,DA146PP

Spacious2bedtopfloorflatwithadditionalstudy/hobbyroom.Lounge.Kitchen.Bathroom.Communalgarden.Soughtafterlocationwitheasyaccesstoshops,schools,busroutesandstations.GCH.DG.Earlyviewingrecommended.(ref3054).

SIDCUP £174,950RENTAL GUIDE: £850 PCMCarltonRoad,Sidcup,DA146TU

Spacious2bedfirstfloorflat.19`1x12`6loungewithviewsovercommunalgarden.Kitchen.14`10x8`9masterbedroom.Secondbedroom.Bathroom.Communalgarden.Garageenbloc.GCH.DG.E/phonesystem.Sidcupstationwitheasyreach.Earlyviewingrecommended.(ref2590).

SIDCUP £199,995RENTAL GUIDE: £900 - £1000 PCMSherwoodParkAvenue,Sidcup,DA159JL

1930`sbuilt,extended2bedterracehouseingrassvergedavenue.DG.Throughlounge.Kitchenextension.2bedrooms.Bathroom/wc.Wellmaintainedreargarden.Garagetorear.Easyaccesstoschools,busroutesandmotorwaynetworks.Updatingrequired.(ref2739).

SIDCUP £299,950RENTAL GUIDE: £1150 - £1250 PCMMaylandsDrive,Sidcup,DA144RN

Spacious3/4bedsemidethouse.Throughlounge/diner.Spaciouskitchen.Diningroom.D/sbed4withensuiteshowerrm.2dbleand1singlebedroomu/stairs.Bathroom.75`reargarden.GCH.DG.ClosetoAlbanyParkstation,shops,schoolsandFootscrayMeadows.(ref3219).

LATEST BUY-TO-LET OPPORTUNITIESIdealpropertiestopurchaseandLetout

T:02083006761

LOOKING FOR A TENANT?ARangeoflettingservicesavailable:• TenantFindOnly,• RentCollection,• FullManagement

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

Want to become a Property Developer?

AccordingtoresearchcarriedoutbyMortgagesforBusiness,around90%oflandlordsarelookingtoex-pandtheirpropertyportfoliosoverthecoming6months.

Of the 218 investors polled in the survey:

• Nineintenplantobuymoreresidentialbuytoletproperty

• Two-thirds of landlords planning to expand willneedtorefinance

• Butthreequartersoflandlordssaymortgagelendersaren’tdoingenoughtosupportpropertyinvestors

• 43% looking to remortgage, up from 36% sixmonthsago

• 39%oflandlordshavelessthan£25,000incomeotherthanrent

• 6%oflandlordssaytheyareplanningtotrimtheirportfolios over the next six months.The study alsoshowedthat39%investorsuserentalpropertiesastheir sole income.This comes in spite of that factmostlendersinsistonanadditionalannualincomeofaround£20,000to£25,000inordertosecurefinance.

David Whittaker, managing director at Mortgages for Business, said:

Most landlords looking to expand portfolios

Eventhemostexperienceddeveloperscanfindthemselvesunderpressureandoverbudget.So,howcannovicedevelopersavoidthesepitfallsandensuretheirrenovationsareasstressfreeaspossible?

RESEARCH, RESEARCH, RESEARCH.Weadvisestickingtofamiliarlocalareasandstartingwithsimplerenovations.Youwillhaveamuchbetterideaofwhatwillattractpotentialbuyersinyourlocalarearatherthanbuyingfurtherouttosavemoneyonacheaperproperty.Ifyoucancontrolyourcostsyouwillmaximiseyourprofitmargin.Wefindmostpeopleunderestimatehowmuchtheywillneedtospend,sowerecommendaddingona15%contingencybudgettocoveranyunex-pectedcosts.Ifyouhavelittleornoexperienceofbuildingorrenovation,oneoptionistobuyadatedpropertyandmakesuperficialchanges,suchasredecorating,layingnewcarpetsandfloorsoraddinganuptodatekitchenorbathroom.Whilstyourprofitsmightnotbeabigasyouwouldhopefor,thisisagoodwaytofeelmorecomfortabledealingwithtradesmenand,ifanythingdoesgowrong,itwillbeeasiertofix.Onceyoustartdealingwithsurveyors,planningofficersandarchitects,thereismuchmorethatcouldgowrongandwithpotentiallyfarmoredisastrousresults.Ifahousehasbeenonthemarketforalongtime,itmaybethatthereisnotmuchprofittobemadesoitwillnotdeliverthereturnmostpeoplehopetomake.Ouradvice is to research, research, research,andstartsmall.Moveon tobiggerprojectsasyougrowinconfidenceFull article at www.naea.co.uk

Established Agent:Dreweryarethemostestablishedagentinthearea(est1946)withaproventrackrecordandmembershipoftheNAEA&ARLA.

Prime Office Location:Dreweryoccupyanunrivalled,primelocation,closetoSidcupStationandmajorsupermarket.

Experienced Sales Team:Dreweryemploythemostexperiencedsales&lettingteamlocallywith15membersofstaff.

Maximum Internet Exposure: Drewery has themost dominant internet exposure locally includingRightmove,Primelocation&Zoopla,plus30otherpropertywebsites.

Why use Drewery Property Consultants?

Contact UsDREWERYPROPERTYCONSULTANTS

128StationRoadSidcupDA157AF

T: 02083006761F:02083005029

Out of Hours Numbers:

Sales:07749554687Lettings:07743470954E: info@drewery.co.ukW: www.drewery.co.ukwww.drewery.tv

Office Hours:

9am– 6pmWeekdays9am- 4pmSaturdaysSundays&after6pmseeouroutofhoursnumbers

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