A daily roundup of all the key property news and views.Canary Wharf Group is in talks to buy the majority of the Earls Court site from Capital & Counties. The group is eyeing Capco's 63% interest in the 70-acre west London regeneration project,, the value of which has fallen amid the downturn in prime residential property prices in the capital.
Octane Capital has provided a £4.3m bridging loan to fund a £1.2m capital raise across a 21-unit property portfolio.The borrower is an experienced landlord who required the funding for business purposes.The exit for the nine-month loan will be through the refinancing of the borrower’s property portfolio, which features commercial, residential and mixed-use units.
Dorset Council: Matt Annen director of Pure Town Planning has recently secured a certificate of lawful use to allow the change of use of an upper floor of a Listed building from A2 office use to C3 (residential flat) in the centre of Blandford Forum, Dorset.The building in question is a grade II* listed building, listed for its special architectural interest
The national average price of a newly marketed property has been pushed up by 0.3%, thanks to buoyant property markets in the north according to Rightmove’s latest measure of online asking prices. Despite Brexit uncertainty weighing down house price growth over the past year, the average price of a property coming on to the market was £309,348, close to June 2018's record high of £309,439.
Background Information: Eviction of current tenant followed by addition of vacant property security measures.The client had made the decision to evict their tenant currently operating a restaurant out of the property.
BCP Council: Matt Annen, director of Pure Town Planning is delighted to announce that he has recently secured a hard fought planning permission for the demolition of an existing property and the erection of a block of 6 apartments near Bournemouth University for local developers Bourn Homes.The character of the area comprises a mix of detached dwellings and flatted accommodation
Key workers including nurses, teachers and emergency services personnel can only afford to own a home in 8% of UK towns, a report claims. A Halifax analysis of housing affordability for five public sector professions across 515 towns, including 31 London boroughs, shows just one in 12 of these areas were affordable - down from one in four (24%) in 2014.
What’s the largest house in Britain? It’s pretty easy to guess – Buckingham Palace, probably the most famous residence in the world aside from the White House.Fewer people could name its closest contender, though, Witanhurst, tucked up in the corner of Highgate Hill. Comprising 90,000sqft – including a 70ft ballroom – it’s the largest private residence in the UK “with an estimated market value of £300m, and owned by a Russian,”
Planning House are ecstatic to announce that Durham County Council Planning Committee overturned officer recommendation and approved planning permission for a rural workers dwelling in County Durham.The benefits of the scheme shone through and we couldn’t be happier for our clients who run a forestry business.
The housing market in London has been boosted after sentiment rose to its highest level since April 2017, with negative trends in agreed sales, prices and new instructions all easing last month after the Brexit deadline was extended, according to the Royal Institute of Chartered Surveyors’ (RICS) latest housing market survey.
Our experienced cladding specialists were contacted by a client in Christchurch, Bournemouth to add Marley weatherboard cladding to the upper half of their property.This property, located just off the Tuckton Highstreet, was in need of an update both in aesthetic and insulation.
More than half of people using the government's help-to-buy loan scheme did not actually require the assistance, as they were already in a position to have purchased a home without support from the state, the National Audit Office has revealed. Furthermore, 5% of the people who used the scheme last year had household incomes of more than £100,000.
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