NEWSAPRIL 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 April 2013

BUY-TO-LET LANDLORDS BEWARE – HMRC are investigating!

Momentum grows from bed-rock of price stability• Onsetofspringmarketseeshighestevernew

selleraskingprices in themonthofMarch,up1.7%(+£3,969)onFebruary.

• Growingbelief inprice stabilitybuildsmo-mentum and holds potential for transactionvolumestoincreasein2013.

• 60%ofhome-moversbelievepriceswillbe‘moreorlessthesame’inayear’stimeandafurther23%expectpriceswillbehigher.

• 12%increaseinnewsellernumbersyetun-soldstock remains littlechanged indicatingincreaseinsales.

• Quickersalesasaveragetimeonthemarketnow80dayscomparedto90daysthistimelastyear.

• ‘blindingly good’ returns boost buy-to-letactivity – lowest ever remortgage financeat around 2% and average rental yield ofnearly6%,plusprospectofcapitalgrowth.

• Opportunity tobuildmomentumfurtherwithhousing-led,confidence-boostingbudget.

As Featured On Front Page......

AVAILABLESOON!!!A postwar pseudoGeorgian style 3 bedroomdetached houselocatedinaclose,offLonglandsRoad.VeryconvenientlylocatedwithineasyreachofSidcupstationandamenities.The accommodation, which requires updating comprises to thegroundfloor:entrancehall,loungeanddiningareaopeningontokitchen.Tothefirstfloorare3bedroomsandbathroom/wc.Externallythereisanattachedgaragewithprivatedrivewaytothefrontandapleasantgardentotherear.Thepropertywouldideallysuitabuyerwantingtomoderniseanddecoratetotheirtaste.**NOCHAINSITUATION**

PROPERTY OF THE MONTH

Austral Close, Bexley, DA15 7LE £335,000

RIGHTMOVE HOUSE PRICE INDEXFOR MARCH 2013

HMRC have declared that they arestill working to uncover any unpaid taxaccumulated from second home propertysales.

This is not the first warning issued fromHMRC, as they endeavour to reiterate themessage thatall individualswhohavesoldpropertieswhichhaveservedassecondorholidayhomesin theUKandabroadhavenot yet declared their Capital Gains Tax(CGT)willbepenalised.

Themain aimof the campaign focuses onexposing those who have sold a propertywhichdoesnotservepredominantpurposeas being a main home, and have gainedprofit exceeding the annual CGT limit of£10,600.Thisunpaid‘gained’taxiswhatHMRCisaimingtorecover.

So far, HMRC have been quite tolerant ofthose holding undisclosed taxes. Howeverwiththeclosingdateforpeopletovoluntarilyturn in theirprofitsdrawingnear, theyhaverecentlyresortedtosendingguiltyindividualspenalty letters. In light of this, it has beensuggestedthatthosewhodocomeforwardoftheirownaccordwillseealesserpenaltyfortheirunrevealedexpenses.

The cut off date for individuals to releaseinformationabout suchgains frompropertysalesstillstandsasbeingAugust9th2013,with a further 4 weeks then being offeredto such persons to actually pay back thebenefitstheyhadoriginally‘reaped’.

ItisthoughtthatasHMRCproposetocarryoutsuchthroughchecks,uncoveringrecordsfrom many years previous, that this in turn

maybegintorevealmanynormalindividualswho are honestly oblivious to the situationnowpresentedtothem.

There are fears that there may be peopleout there,targetedfortaxrepayments,whoaregenuinelyunawareoftheconsequencesawaiting them due to selling their secondhome.

Stephen Barratt, private client tax directorat James Cowper has suggested that allindividuals alike, whether they are awareornotawareoftheconsequencestheyfacemust: “seek professional advice becauseit is important that those preparing thecalculations fully understand the complexrules and so ensure that the tax, andthereforeanypenaltyand interest,arekepttoaminimum”.source: arla.co.uk

SIDCUP £334,950BurntOakLane,Sidcup,DA158LN

3beddetachedhousebuiltonly3yearsagotoanexcellentspecificationandsituatedinpopularandconvenientoverlookingTheOvalgreen.DG.GCH.2receptions.Kitch-en.D/scloakroom.Utilityarea.Masterbedroomwithensuite.2furtherbeds.Familybathroom.Reargarden.OSPongravelleddriveway.Earlyviewingadvised.(ref3152).

SIDCUP£375,000BraundtonAvenue,Sidcup,DA158EW

1930`s built semi detached chalet style house. Located in one of the mostdesirable roads in the Sidcup area. 2 receptions. Kitchen.D/s bathroom& sepwc. D/s study/bed 3. 2 large bedrooms upstairs. Well established gardens.Det garage & long driveway for OSP. Early viewing a must. (ref 3253).

SIDCUP £384,995BirchwoodAvenue,Sidcup,DA144JU

Spacious3bedfamilyhomeinoneofSidcup`smostdesirableroads.DG.GCH.2receptions.Modernkitchen.Masterbedroom.2furtherbedrooms.Familybathroomwith bath and shower cubicle. Rear gardenwith summerhouse and shed. Singlegarage&OSPtofront.EasyaccesstoSidcupstation,shopsandschools.(ref3308).

SIDCUP £499,950BraundtonAvenue,Sidcup,DA158EW

Exceptional,extended4/5bedchaletstylehouseinoneofthemostdesirableroadsinthearea.GCH.DG.2receptions.Fittedkitchen/breakfastrm.Study/bed5.D/sshowerroom&sepwc.4bedrooms.Familybathroom.45`reargarden.OSPtofrontanddetachedgarage.Closetoschools,Sidcupstationandmotorwaynetworks.(ref3417).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

SIDCUP£525,000BraundtonAvenue,Sidcup,DA158EN

Semidetchalethouse,extendedbycurrentowner,currently arranged as 2 separate dwellings, butwith potential to create 5/6 bed family home orwithfurtheralterationafamilyhomewithseparatelyaccessed annexe. DG. GCH. 60` rear garden.Dble garage & multiple OSP. Walking distancetoSidcupstation,schools,busroutes&shops.(ref2502).

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

SIDCUP £345,000HurstRoad,Sidcup,DA159AH

4 bed semi det house offering spacious livingaccommodation. Easy access to Sidcup station,shops & schools. GCH. DG. 23`4 lounge.Kitchen/diner.Utilityarea.Downstairscloakroom.Master bedroom with ensuite shower room. 3furtherbedrooms.Familybathroom.OSP.Garage.Wellmaintained rear garden o/looking playingfields.(ref2722).

THE HOLLIES£215,000The Beeches, AcaciaWay, The Hollies, Sidcup,DA158WW

Superb Edwardian 1 bed top floor conversionapartment in sought after “Hollies” development.Lounge. Dining area. Modern kitchen. Doublebedroom.Modernbathroom.Communalgrounds.Allocated parking. Walking distance to Sidcupstation.(ref2231).

SIDCUP£299,950BursdonClose,Sidcup,DA158AQ

4bedextendedEOThouse,walkingdistance toSidcup station, local shops & schools. 24`0 thrulounge. Fitted kitchen. 4 bedrooms. Bathroom &sepw.c.Gardens front&rear. Integralgarage&parking space. GCH. DG. Some modernisationrequired.Earlyviewingrecommended.(ref2236)

SIDCUP £399,950MarechalNielAvenue,Sidcup,DA157PB

Spacious, extended 4 bed semi detached housein sought after tree-lined avenue. Vastly improvedby current owners. 2 receptions. Modern kitchen.Master bedroomwith ensuite. 3 further bedrooms.Family bathroom. Good size rear garden. OSPto front. Easy access for local shops, schools andtransportlinks.(ref3395).

SIDCUP £445,000HurstRoad,Sidcup,DA159AJ

BEXLEY £575,000KnollRoad,Bexley,DA51AY

Deceptively spacious & superbly presentedarchitectdesigned,Scandinavianstyle4bedlinkdet houseOpenplanground floorwith kitchen,diningareaandlounge.Loggiaandconservatory.D/s shower room. 4 double bedrooms. Luxurybathroom.Gardentsfront&rear.Integralgarage& driveway. Earliest viewing recommended. (ref3033).

VIDEOPRESENTATIONVisitourPropertyChannelwww.drewery.tv

Beautifullypresented4/5bedextendedchaletstylepropertyVastlyimprovedbythecurrentonwer.Bayfrontedlounge.Secondreception.Impressiveextendedmodern

kitchen/diner.D/sshowerroom.D/sstudy/bed5.Masterbedroom.3furtherbed-rooms.Bathroom.Southfacinggarden.OSPtofront.(ref2763).

DREWERY RESIDENTIAL INVESTMENTS

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

Looking for a Buy-to-Let investment?ComeandtalktoyourlocalLicencedARLAAgentandbenefitfromtheexperienceofthelongestestablishedlettingagentinthelocalarea–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 £171,000RENTAL GUIDE: £850 - £900 PCMFoldApartments,StationRoad,Sidcup,DA157AP

1BedroomApartments.Parking.RooftopGardens.FloortoCeilingWindows.OpenPlanLivingAreas.WalkingDistanceToSidcupStation.ContemporaryArtisticExterior.CurvedElevations.MetallicFinishes.(ref3281).

SIDCUP £299,950RENTAL GUIDE: £1250 - £1350 PCMBursdonClose,Sidcup,DA158AQ

4bedextendedEOThouse,walkingdistancetoSidcupstation,localshops&schools.24`0thrulounge.Fittedkitchen.4bedrooms.Bathroom&sepw.c.Gardensfront&rear.Integralgarage&parkingspace.GCH.DG.Somemodernisationrequired.Earlyviewingrecommended.(ref2236)

SLADE GREEN £165,000RENTAL GUIDE: £800 PCMBeaconRoad,SladeGreen,Erith,DA82JS

2bedhouse,extendedtothegroundfloor.Lounge.Kitchen.D/sbathroom.2doublebed-rooms.U/sshowerroom.OSPtofront.Lawnedreargarden.Easyaccessoftransportlinks,includingSladeGreenStation,shopsandschools.CHAINFREE.(ref3384).

SIDCUP £345,000RENTAL GUIDE: £1400 - £1500 PCMHurstRoad,Sidcup,DA159AH

4 bed semi det house offering spacious livingaccommodation. Easy access to Sidcup station,shops & schools. GCH. DG. 23`4 lounge.Kitchen/diner.Utilityarea.Downstairscloakroom.Master bedroom with ensuite shower room. 3furtherbedrooms.Familybathroom.OSP.Garage.Well maintained rear garden o/looking playingfields.(ref2722).

LATEST BUY-TO-LET OPPORTUNITIESIdealpropertiestopurchaseandLetout

T:02083006761

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

THE HOLLIES £215,000RENTAL GUIDE: £900 - £925 PCMTheBeeches,AcaciaWay,TheHollies,Sidcup,DA158WW

SuperbEdwardian1bedtopfloorconversionapartmentinsoughtafter“Hollies”development.Lounge.Diningarea.Modernkitchen.Doublebedroom.Modernbathroom.Communalgrounds.Allocatedparking.WalkingdistancetoSidcupstation.RENTALGUIDE:(ref2231).

SIDCUP £174,950RENTAL GUIDE: £850 PCMBeaversLodge,28CarltonRoad,Sidcup,DA146TU

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

salesadmin@drewery.co.uk

PROFESSIONAL PROPERTY SERVICES SINCE 1946

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

Chancellor George Osborne delivers Budget Speech –Housing Key Points

Withrecordlowinterestrates,itappearsthatpropertysales in the UK have peaked at their highest in 2.5years.

These figures recently recorded are thought to bea happy consequence of the introduction of thegovernment’s funding for lending scheme (FLS),whichwaslaunchedwiththeprioritisingaimofencouragingbanks to give out more property purchase loans byprovidingthemwithcheapmoney.

TheFLSappearstobeworking,followingrecentreportsthatUKpropertysalesarenowattheirhighest.

However, this increase in purchasing property has innowaybeen influencedbyanydecrease inpropertyprices. In fact,Nationwide recently reported that theaveragepriceofpropertyhadactuallyroseby0.2%inFebruary,andinadditiontothis,madeFebruarythe5thmonthinarowtoseenodecreasesatallinthepriceofproperty.

Instead, it has been alternatively suggested that theincreaseinpropertypurchaseshasfundamentallyarisenbecause of the recent ready availability of mortgagefinanceschemes,includingtheGovernment’sFLS.

However,even though ithasbeenreported that thereseemstobeaboostinconsumerspurchasingproperty,thepropertysalesmarket isstill runningwelldownonitspre-crisisnorm.

‘Threadneedle Street’ (who launched the FLS lastAugust)concludedthattheybelievethefiguresreportedrecently, are simply a result of the availability of FLSmakingfinanceformortgageseasier toobtain,whichhas in turn resulted inasteady incline in thepropertysalesmarkets’purchasefigures.

Source: naea.co.uk

Home-buyer boost as property sales reach highest levelsin 2.5 years

CommentingontheBudget,andtheannouncementstherein,NAEAManagingDirectorMarkHaywardsaid:“Any news about attempts being made to improve the property market can only be a good thing”

Thereweresomekeyannouncementsrelatingtohousingandthesehavebeensummarisedbelow:-

• Theintroductionofanewhousingscheme,HelptoBuy,withtwokeyelements,whichwillprovide£3.5billionofcapitalspending.

• Thefirstpartisanequityloanof20%ofahome’svaluewhichwillbeofferedtopeoplelookingtomoveupthehousingladder.Thiswillonlyavailabletobuyersofanewlybuilthomeandthehomecannotbeworthmorethan£600,000pounds.

• £130billionofguaranteesforlenderswhooffermortgagestopeoplewithadepositofbetween5%and20%onhomeswithavalueofupto£600,000,fromthestartof2014.

• DoublingtheexistingAffordableHomesGuaranteeprogramme,tosupport£15,000moreaffordablehomesby2015.

• ExtendingtheBuildtoRentfundto£1billiontosupportthedevelopmentofnewhomes.

• ExtendRighttoBuy.

• Publish“significantlyreduced”planningguidancebySummer2013,inlinewithLordTaylor’srecommendations.

CliveLingard,SalesManageratDreweryPropertyConsultantscommented‘’We agree that the above points are positive and should help improve the property market further but we should all take note that some of these changes only relate to newly built homes and some do not commence until 2014. It is our prediction that these changes will help assist the continued improvement of the local property market over the next few years rather than have an immediate effect’’

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

Telephone:

Sales: 02083006761Lettings:02082966600

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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Looking for a Buy-to-Let investment

Come and talk to your local Licenced ARLA Agent

and benefit from the experience of the longestestablished letting agent in the local area.

- 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.

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LANDLORDS LOOKING FOR TENANTS?Looking for a Buy-to-Let investment

Come and talk to your local Licenced ARLA Agent

and benefit from the experience of the longestestablished letting agent in the local area.

- 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.

Looking for a Buy-to-Let investment

Come and talk to your local Licenced ARLA Agent

and benefit from the experience of the longestestablished letting agent in the local area.

- 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.

We offer a range of letting services:TENANT FIND ONLY, RENT COLLECTION & FULL MANAGEMENT

Tel: 020 8269 6600