A survey conducted by Zoopla found that a new kitchen is the most likely thing to tempt more buyers to put in higher offers. 47% percent of potential buyers said that they are swayed by a new kitchen and more than 28% percent said that they would be prepared to loosen the purse strings and spend more for a new kitchen. A new bathroom is also very likely to get buyers to put in an offer on a property.
From April 2016 Stamp Duty will change for buy-to-let investors, you won’t have to pay stamp tax on the first £125,000 of a property, but you will be hit with a higher rate of Stamp Duty.
The tax change is designed to help ease the housing shortage, with anyone who buys extra residential property liable to pay an additional 3% in stamp duty.
The London Borough of Hackney is to the location of the reopened Dalston Kingsland station and a range of exciting new developments that gives the borough a new feel to the community; more stylish, sleek and modern borough that houses around 265,000 people.
In respect of property developments, here are some new apartments in Hackney that should definitely be considered when purchasing/renting in Hackney.
Alpha House – Dalston
Alpha House a luxury development situated in an entirely gentrified location in Dalston. It is a 6 story new build comprising of 1, 2 & 3 bedroom apartments and penthouses just a 2 minutes’ walk to Dalston Junction Station.
Clissold Quarter – Stoke Newington
Consisting of 158 apartments with a mixture from 1-3 beds, duplexes and penthouses, this new development is ideal for those that want to be in a modern area. Clissold Park is located directly opposite in addition to tennis courts, an adventure playground and an organic market garden all within close proximity.
Principle Tower – Shoreditch
Principle Tower is an architectural masterpiece built in alignment with London’s impressive skyline offering breathtaking views of the City including The Gherkin, London Eye, Hyde Park and Buckingham Palace. This development is has a variety of 1,2 and 3 bed apartments topped by a stunning duplex penthouse.
Hackney is now a vibrant and dynamic borough that thrives from a mixture cultures and has become increasingly popular over the past 10 years drawing in a younger and trendier community. It is still undergoing its transformation, so there’s no better time than now to become a part of such a diverse environment with an abundance to offer in regard to attractiveness, modernism and lifestyle.
As we approach the launch of the Right to Rent Scheme on 1st February 2016 we have had a number of Landlords with properties in Hackney contact us with a variety of questions about them adhering to the new legislation.
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Research your destination, visit the country as often as you can, visit forums and expat community resources, to help get a feel for the area.