The Fulham Residents' Journal September 2014

Page 66

FULHAM Residents’ Journal

The age of

experience Goss & Co director Mathew Goss and lettings director Claire Mansell consider how the Fulham property market has changed over the years

G

oss & Co might only have colourful artwork. ‘We want to create prompting borrowing restrictions from opened its doors in July, a less stressful environment for our the government. Mathew says that it but the team are far from clients,’ Claire adds. ‘When it comes is too early to say whether the new new arrivals on the block. to buying and selling a property, it’s mortgage criteria has directly affected Mathew and Claire, together with important to feel comfortable with the the Fulham market as most of his clients their fellow agents, have a collective agent because it can be the start of a have large deposits or are cash buyers, 30 years’ experience of the Fulham long relationship.’ however the price spike has started to market. Over that time they have As September begins, Goss & Co are level out. He predicts that the highest ridden the highs and the lows and are gearing up for the traditionally busier demand going forward will continue to consequently well-versed on the area. autumn period. ‘The market is most be for one and two-bedroom flats. ‘It feels as though we have matured active from £700,000 to £1.5million,’ Fulham remains a safe place to with our clients,’ Claire begins, invest and although yields with a smile. ‘Fulham has might not be as high and The market is most active changed so much; when I was capital growth not as fast as from £700,000 to £1.5million. This first based here, the September in up-and-coming areas, SW6 market was full of students, but isn’t suddenly going to fall price bracket covers two and threeof course, they can’t afford to out of favour. bedroom flats and small houses live here anymore.’ So for those who want ‘Our buyers have certainly to make their first steps been getting older,’ Mathew says. ‘The Mathew explains. ‘This price bracket towards securing an investment rental market is full of 30-somethings, covers two and three-bedroom flats here, what does the team advise? whereas on the sales side, buyers that and small houses. There is still a lot ‘The first thing every buyer has to are purchasing premium properties of interest for homes above £2million do is to make sure their finances are tend to be in their 40s. There’s also but the market doesn’t tend to be in order,’ Mathew stresses. ‘There much more of an international as fast. When buyers have that sort is no point going shopping without profile than ever before; areas like of budget, they are looking for a your wallet. Get a good solicitor the Peterborough Estate provide long-term property. The great thing who will move the transaction a “banker belt” for city workers about Fulham is that people tend to through efficiently. It’s no longer relocating from overseas.’ be ambitious and are always looking just a question of money; vendors in It’s not, however, merely a question to move up the property ladder. They London expect buyers to perform of experience that Goss & Co brings might start out in a one-bedroom flat, too, with many wanting to exchange to the negotiating table – Mathew and but over time they will begin searching in three to four weeks. How a buyer the team are taking a more relaxed for a three-bedroom house.’ performs is now just as important.’ approach. ‘You won’t walk in to find a The first quarter of the year was bank of desks,’ he explains, sitting in marked by significant increases in 666 Fulham Road, SW6 5RX, an armchair surrounded by an array of the price of premium properties, 020 7751 8326 (gossandco.com) To let: Houseboat Penelope, Cheyne Walk, £500 per week

For sale: Riverview Gardens, £2,000,000

The Goss & Co office

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