GLENTREE REVIEW M AGA ZI N E
2018 A SELECTION OF THE FINEST PROPERTIES IN YOUR AREA
welcome… to the Glentree Review 2018.
WHERE HAVE WE COME FROM, WHERE ARE WE NOW AND WHERE ARE WE GOING?
further evidence of the ‘clunking hand of government’ interfering in markets, where ‘the cure is worse than the ailment?’
Another positive eﬀect of the currency depreciation is that our Rental division has been packing away some audacious transactions from £500pw to £20,000pw and today, we probably handle 90% of the most notable lettings in the locality. This is unprecedented for us.
Hello and welcome to another edition of the Glentree Review Magazine which, hopefully, will give you a taste of some of the more interesting properties and developments available, either to buy or rent in the area. I would like to give you a snapshot of what has been going on for the last 12 months; 2017 has been, as we all know, a challenging year. In fact, activity generally from January to June was very poor indeed, particularly at the higher end of the price scale. The sales market is separated into two main divisions. Activity in the price range between £1m and £3m has been steady and there is a reasonable balance between buyers and sellers, which is keeping prices stable in this sector. On the other hand, the market in excess of £8m has been greatly aﬀected by the hikes in Stamp Duty and changes to the non-Dom regime for foreign nationals and values in this sector, have dropped by circa 25% from the highs of 2014. Transaction numbers are down by 60% and there is a stock overhang and until it is absorbed, prices will not rise.
GLENTREE INTERNATIONAL 698 Finchley Road London NW11 7NE Tel: 020 8458 7311 Fax: 020 8209 0307 Email: firstname.lastname@example.org RENTALS Tel: 020 8209 1144 Fax: 020 8209 0307 Email: email@example.com NEW HOMES Tel: 020 8731 9500 Fax: 020 8209 0307 Email: firstname.lastname@example.org
The good news is, that as a direct result of the drop in Sterling, during the second and third quarters of 2017 activity has picked up noticeably at the higher end, as international buyers have been seduced to invest in the UK. This has resulted in £80m to £100m worth of property being let or sold by us, which is a welcome ﬁllip. Since Glentree enjoys a Global reach, this is the ﬁrst time in 2 years that we have seen the return of east European buyers, (particularly from Russia), back in the market. They, together with a sprinkling of wealthy Chinese/Asian buyers, have been purchasing both ﬁnished products and plots to build homes for themselves. Whether the radical reforms in Saudi Arabia produce a new crop of buyers from this region, we will soon ﬁnd out. The SDLT rises have distorted all sectors of the market, not just the top end and was a classic ‘folie grandeur’ by the former Chancellor and do we need any
We are proud to introduce our New Homes department which, through a great deal of hard work, presides over the largest selection of exciting new developments along the north-west London corridor, where prices range from £500,000 to over £20m. I am going to conspicuously ignore any prospect of a Marxist Labour government gaining the reins of power (Lord forbid) and the ramiﬁcations of this on all of us, since it is too horrible to contemplate. Going forward, on the basis that should interest rates remain stable and there is no collapse in the capital markets, it is my view that Residential Property should be an excellent place to invest surplus cash or aﬀordable borrowings, as I believe values are reasonably underpinned by demand and will remain steady, until they return to growth in a year or 18 months’ time. You will be pleased to note that any temporary uncertainty that precedes a trade agreement with the EU, has not had a detrimental eﬀect on sentiments. Let’s face it, personal pensions have been whittled down by successive Chancellors and today, one’s own home is also de facto a tax-free quasi-pension, which should look after the family’s interests, into the future. We are blessed to live in London which is made up of a series of villages and has more green open spaces than any other metropolis. It is unquestionably ‘the greatest city in the world’ where the legendary civility of the British is the bedrock of this proud nation. If any of the properties illustrated in this review are of interest, please do not hesitate to call us. Let us all be optimistic for this year. As always, we are at your service. Kind regards, Trevor S Abrahmsohn Managing Director
Front cover image: Fairways, White Lodge Close, oﬀ The Bishops Avenue, N2 Published by TBC Publishing Limited, Telephone: 01763 810042. ©TBC Publishing 2018. All rights reserved. Reproduction is forbidden except by express permission of the Publishers. The content of this magazine is believed to be correct but its accuracy is not guaranteed and it does not form part of any oﬀer or contract. TBC Publishing Limited cannot accept responsibility for any omissions or errors.
www.glentree.com | 5
SHELDON AVENUE, N6
£11,995 PER WEEK
A magnificent double fronted detached residence of undoubted quality and charm
This stunning property is well located in one of the areas’ most sought after roads, being approximately 400 meters from the wide open expanse of Kenwood and the Heath. The house has been extensively remodelled having just completed an extensive programme of refurbishment to create a traditional yet contemporary theme throughout. The accommodation offers a master suite with bathroom and dressing room, 5 further bedrooms with en suite bathrooms, open-plan lounge/dining room, media/TV room, study, family room, kitchen, conservatory, breakfast room, utility room, cloakroom, gymnasium, indoor swimming pool which opens onto a stunning landscaped garden and carriage driveway with remote security gates with off-street parking for 4 cars. 6 Bedrooms • 6 Bathrooms • Lounge • Dining Room • Family Room • Breakfast Room • Gymnasium • Swimming Pool Landscaped Garden • Carriage Driveway • EPC Rating - B86 • Available Furnished/Unfurnished
THE LEXINGTON, NW11
£1,650 PER WEEK
Luxury living in a private development
Luxury apartment in the prestigious Lexington development, situated on the corner of Finchley Road within 5 minutes of the amenities of Golders Green and walking distance of the wide-open space of Hampstead Heath. This air-conditioned apartment is the largest unit within the development at 1,817 sq. ft. and has a traditional layout with 3/4 bedrooms, 3 bathrooms (2 en suite), open-plan 27 ft x 18 ft combined kitchen, reception room, dining room and utility room. It has a south-facing aspect from the reception rooms and the bedrooms overlook the manicured gardens. There are 2 terraces - one from the master bedroom and the other from the main reception room. All the appliances are Miele and the apartment is furnished. There are also 2 secure underground car parking spaces, a store room, a bicycle room and a modern gym for sole use of residents and the added benefit of a concierge service. 4 Bedrooms • 3 Bathrooms • Lounge • Dining Room • Kitchen • Gymnasium • 2 Balconies • Communal Gardens • Porter Underground Parking • EPC Rating - B81 • Available Furnished
CONSTABLE CLOSE, NW11
£2,950 PER WEEK
A family home overlooking the rolling green acres of the Hampstead Heath Extension
On entering, the principal panelled living rooms are centred around a grand reception room opening onto magnificent south facing landscaped gardens. In addition there is a large family kitchen, library/study, indoor swimming pool, passenger lift and integral double garage. On the first floor, the master suite offers a generous dressing room and en suite bathroom, 3 additional bedrooms and a bathroom, whilst to the second floor there are 4 further bedrooms, family bathroom and kitchenette. The local shops of Temple Fortune and Golders Green Underground station are also both within close proximity. Entrance Hall • Reception Room • Drawing Room • Kitchen/Breakfast Room • Dining Room • Library • Master Bedroom with Dressing Room and En suite • 7 Further Bedrooms • Family Bathroom & Shower Room • 2 Guest Cloakroom • Swimming Pool with Shower/Changing Room • Kitchenette • Wine Store • Utility Room • Lift • Double Garage • Carriage Driveway • Garden EPC Rating - B83 • Available Furnished
KINGSLEY WAY, N2
£2,200 PER WEEK
An outstanding 6 double bedroom detached family home
Set over 3 floors which has undergone a total refurbishment programme to the highest of standards and set on one the quietest roads in the heart of Hampstead Garden Suburb. Large reception room, dining room, kitchen with dining area, 4 bathrooms (3 en suite), guest cloakroom, landscaped garden and off-street parking for several cars. 6 Bedrooms • 4 Bathrooms • Reception Room • Dining Room • Kitchen • Guest Cloakroom • Landscaped Garden Off Street Parking • EPC Rating - F35 • Available Unfurnished
020 8209 1144
Amit Soni: 07958 688 799
Email: email@example.com • www.glentree.com