New research from London rental website Rentonomy has earmarked the south-east London district of Woolwich as the capital’s top area for students to rent.
The report, which analyses 200 postcode districts across the capital, compares average monthly room costs, journey times to central London, crime levels - and the all-important number of local pubs, bars and clubs - to rank the top 25 areas for students to live throughout the capital.
THE FULL LIST: RENTONOMY'S TOP 25 PLACES FOR STUDENTS TO RENT
More than 160,000 new property millionaires have been created over the last year in Britain, according to property website, Zoopla, with nearly half a million home owners who can now call themselves property millionaires, at 484,081 in total. This figure is a 49% or 160,397 increase on a year ago.
It found that 12 streets now have average house prices of more than £10 million, all of which are in London, where competition from buyers has been particularly fierce.
Kensington Palace Gardens, which was once again named by Zoopla as Britain's most expensive street, now has an average property
The average monthly cost of running a three-bedroom house for someone taking their first step on the property ladder stands at £677, which is £110 lower than the typical monthly rent paid on a similar property, according to research undertaken by Halifax.
Cheap mortgage deals have helped to widen the cost gap between buying and renting a home in recent years. Five years ago, the average cost of owning your first property was around £37 a month more expensive than renting, Halifax said.
Buying has become even cheaper compared with renting over the last year, the research found. A year ago, the
London’s property buyers are prepared to pay an average of £42,000 extra to secure a home within a five-minute walk of an Underground or railway station, a new survey claims, and as reported in the London Evening Standard on Tuesday.
The “station premium” has widened drastically from £27,000 in the past two years, as improvements to the Tube and Overground networks have made access to public transport even more valuable for home- owners.
The survey, by the Nationwide building society, looked at prices at various distances from stations, ranging from 500 metres — equivalent to a brisk five
House sellers' asking prices in London, Cambridgeshire, Berkshire and Surrey have made the strongest gains since the financial crisis struck, while those in County Durham, the Isle of Wight, West Yorkshire and Teesside have the furthest distance still to recover, according to property website, Rightmove.
With an average price tag of £1.5 million, average asking prices in central London and the City now tower 41.9% above the levels seen when the housing market was at its pre-crisis peak in May 2008.
West London has seen the next strongest price growth since the previous peak of the market, with
Award winning property auctioneer Auction House is announcing record sales for July 2014, marking a six year high for UK auctioneers as a whole.
Despite the distractions of summer sun and a feast of sport, the group sold 379 lots in the month, over 8% up on its previous best, and raised £38.5 million in the process.
Commenting on the achievement, Founding Director Roger Lake said: ”These record figures are not only a brilliant result for Auction House, but also a real sign of buoyancy in our sector.
“As our numbers demonstrate, regional auctions are becoming more and more popular. But it’s the
Selling property at auction can be an option. If you are considering selling up and want to know how much your property might be worth at auction, why not send us a few details and one of our auctioneers will give you a ring, to chat further about your requirements.
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Leading Essex & Hertfordshire estate agent Mullucks Wells has responded to the latest Rightmove House Price Index, which indicates that this month has recorded a record drop in August property prices.
The largest monthly sample of residential house prices has seen the asking prices of property coming to market cut by 2.9% - the biggest fall Rightmove has ever recorded in August.
Mullucks Wells Residential Director William Wells said: “We would expect to see prices soften a little during the holiday month of August anyway. But this larger than usual fall is probably down to three key factors.
House sellers' asking prices fell steeply by 2.9% month-on-month to £262,401 typically in August as the mood of the market grows calmer in London in particular, website Rightmove has reported.
The dip as sellers adopt a "summer sales" attitude is the largest for the month of August that Rightmove has on its records, which go back more than a decade.
Asking prices in London saw the largest monthly drop across England and Wales, with average prices in the capital standing at £552,783, which is 5.9% lower than in July.
Despite the drop, asking prices in the capital are still 10.3% higher than
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