Thirlmere Deacon Property Investment Magazine Issue 7 October 2021

Issue 7, October 2021

content Directors Letter

Q3 Review, Q4 Preview

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Alasdair Walker: Marketing Director Amy Marshall: Chief Writer/Editor Nevena Djuranovic: Art Director Isidora Mladenovic: Brand Strategist

THIRLMERE DEACON TEAM NEWS

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Property Market 26 News Feature: A focus on Prime Central London

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Construction Update

98 NEW INVESTMENT OPPORTUNITIES

SCAN TO DOWNLOAD OUR GUIDE!

Meet the investor:

Patience Chinwada

Investment strategy - 10 Features That Tenants Look For In A Rental Property

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DIRECTORS LETTER

From the dining table to a global business...

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Alasdair CMO

In mid-September, we celebrated

pathways that we plan to take

Thirlmere Deacon’s 3 year

Thirlmere Deacon on over the

anniversary with a lovely steak,

course of 2022 and beyond.

bottle of Malbec (or two), and

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some cocktails. Not only was it

From humble beginnings at

our 3 year anniversary but it was

Stuart’s dining room table to

the first time since we started

now having an established brand,

Thirlmere Deacon in 2018, that

not only here in London and the

myself, Stuart, and Oliver had

UK but expanding out to Dubai

sat down to dinner together, and

and building our footprint there

one thing was clear by the end of

as well. We are a testament to

the evening, it certainly won’t be

what can be achieved by 3 people

our last. We are extremely

living in separate parts of the

excited to showcase a number of

world with a shared vision of

exciting developments,

offering property investors an

investment options, and

unrivalled investment service.

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Stuart CEO

Although the planning and

ever-growing teams in London

implementation started long

and Dubai, with some of the

before, Thirlmere Deacon

industry’s best professionals

officially launched in September

joining the ranks and clients in

2018. In just three short years

almost 30 different countries

we have gone from strength to

worldwide. The reasons

strength. Sitting at my desk in

experienced industry personnel

the Mayfair office as the team

are choosing to join our team are

flood through the doors each

the same reasons for which we

day, I am filled with pride for

have such a loyal and growing

what we have created. From

client base - because we care!

humble beginnings on my dining

The mission has always been one

room table, and with my business

of longevity, we’re not just here

partners in different corners of

to sell this or that, but to bring

the world, we have already

investors solutions and

achieved so much.

opportunities over the long term, in line with our own investment

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Today, we are well into our

goals. We are growing through

fourth year of business and have

repeat custom, from referred

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business, together with scores

initial planning stages to

and scores of new clients every

completion, tenanting and even

year. If we continue to do things

reselling down the line continues

the way we are - with the

to give me a buzz. Just last

cornerstones of our due diligence

month we visited our

based on what we would invest

Wolverhampton City Apartments,

in ourselves - we will continue to

a project that we were involved

gain traction with investors

in from the very start, working

looking to benefit from first-

closely with the developers. We

hand experience and a team who

brought it to our investors early

not only understand the benefits

on and even managed to buy an

of the property market but also

apartment ourselves, as we

the potential pitfalls.

recognised the opportunity, and we are now assisting investors

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In my near 2 decades working in

with mortgages as we approach

the property market, seeing a

completion. A very proud

project through from the very

moment indeed.

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Oliver COO

It’s incredible to think that

taken this company from a

Thirlmere Deacon is just 3 years

dining table to a multi-national

old and despite all the Directors

company, a business that is

being in different countries for

involved in circa £50m of

most of that time, we have

property transactions, and in

already established ourselves as

such a short space of time.

not just a market leader in the property investment sector but

Moving forwards I am most

as the company of choice for

excited about the new members

over 250 investors across the

joining the Thirlmere Deacon

globe. What makes Thirlmere

family in both London and

Deacon stand head and

Dubai. During a time where lots

shoulders above its competitors

of companies are scaling back,

is the level of care and attention

we have recruited some of the

provided by each and every

most experienced investment

member of the team; from the

consultants in the business, and

marketing to the investment

of course, the incredible

consultants, the accounts and

upcoming investment

investor services, everyone takes

opportunities not just for our

pride in their work and provides

investors, but that we are hoping

a 5-star service to investors and

to add to our personal portfolios

developers alike.

too because the developments are that good we don’t want to

Personally, that’s what I’m most

miss out.

proud of. Putting together an incredible global team that has 12

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THE NEW ‘ARMS’ OF THE THIRLMERE DEACON BRAND IS SOMETHING WE ARE ALL KEEN TO TALK MORE ABOUT… BUT YOU’LL HAVE TO KEEP YOUR EYES PEELED FOR THOSE! Thirlmere Deacon

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THIRLMERE DEACON TEAM NEWS

l u a t i t o a n r s g n t o o c San e gu d i H

Huge congratulations to Sandi Joseph, now Sandi Lea, our Head of Investor Services on her wedding last month in her native South Africa.

Those who work with her know Sandi gives 100% at all times to ensure purchases go through as smoothly as possible and clients are taken care of throughout the process and beyond.

Many important life events were put on pause throughout the last 18months or so, so we’re delighted that Sandi was able to enjoy her special day as planned.

So, don’t be alarmed when you see an email from Sandi with a new surname - we haven’t replaced her!

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s we move into the final three months of 2021 we

have the opportunity to reflect on the quarter just closed and look forward to the remaining weeks of this year. It’s safe to say that construction has resumed to a more normal pace and our site in Wolverhampton is mere weeks away from completion. Stuart, Oliver and Alasdair went on a site visit in September to check on progress and were delighted with the project. The rental market has been recovering at a rapid rate and

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it was recently reported that

and those able to secure lending

rents outside London are rising

in the coming months might feel

at the fastest rate since 2008,

very glad they did so at this

excellent news for investors who

time.

secured a unit in the Wolverhampton development

Certain areas outperformed

before it sold out.

others and surpassed expectations throughout Quarter

As of the 30th of September, the

3 of 2021; Manchester, Liverpool

Stamp Duty holiday that was

and Leeds have shone as

brought in by the UK government

investment hotspots over the

over a year ago to generate

course of the past 3 months and

activity in the property market

are expected to continue to

throughout the pandemic has

present excellent opportunities

now come to an end. The

for investors with several

temporary reduction in tax,

exciting developments including

applicable on all property

Ancoats Garden, within which

purchases, certainly shaped the

few units still remain. Prime

market over the past 15 months.

Central London is also seeing a

Home movers took advantage of

resurgence as travel restrictions

the saving, fast-forwarding plans

are lifted, opening the doors to

to move whilst the saving was

the pent-up demand from

available. Many investors chose

overseas buyers; the significant

to start or build their portfolio

interest in the latest

during this time and others

development on Baker Street is a

choose to move ownership into a

sure indication of this desire to

company structure. Added to the

secure property in one of

reduction in taxation, the low-

London’s top postcode areas.

interest rate has also had an

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impact on the property market.

Despite the reinstatement of

Property buyers have enjoyed a

Stamp Duty Land Tax on

period where the cost of

purchases, property prices are

borrowing has remained modest

not expected to suddenly drop in

due to interest rates being at an

the coming months – there is

all-time low. For now, interest

still an appetite from buyers

rates remain to be incredibly low,

across the country that is simply

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not being fulfilled by the number

Our teams in both the UK and

of properties available to buy.

the UAE are welcoming new

Whilst price growth is expected

members in the coming months,

to be less frenetic, predictions

with two new team members

cite a positive and stable growth

joining Thirlmere Deacon in

trajectory for the end of 2021.

Dubai and three new individuals

As the UK property market

joining our London office - we

continues to go from strength to

look forward to sharing more

strength, the longer-term

information on our expanding

forecasts are particularly notable

team very soon.

with the most recent predictions from authoritative outlets

Given the volume of interest, we

expecting to see double-digit

expect several developments to

growth across the entirety of the

swiftly sell out; Baker Street in

country over the next 5 years,

Marylebone and Ancoats Garden

with certain areas forecast to see

in Manchester, are both in high

far stronger growth than others.

demand, and whilst we can’t reveal too much just yet, there

Here at Thirlmere Deacon, we’ve

are exciting new developments in

had an incredibly busy quarter

the pipeline...

and expect to see this appetite from investors remain in play.

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Q3 PROPERTY MARKET NEWS

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....

July

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Young people eye up a return to city life:

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oung people will drive a return to city life in the wake of the

pandemic, according to a new report.

While families will continue to look for homes with gardens, or even more rural locations, 20-somethings have a different agenda. After more than a year of Covid restrictions, the desire to get back to the buzz of urban living will release pent-up demand, says property consultancy JLL. Read more

Overseas Investors Find Uk Regional Property A Safe Bet:

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ritish homeowners are not the only ones feeling flush after a year of

sharply rising house prices outside London. Investors from Saudi Arabia to Hong Kong have been placing ever bigger bets on the UK’s regional cities, building houses there and banking big gains. For three decades overseas money has flowed mainly into the capital, attracted by a booming economy and sharply rising house prices.

Read more

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North West England leads housing boom with prices up 15%:

H

ouse prices have risen sharply across the UK,

driven by an increase of more than 15% in the year to May in the North West of England.

Official figures show property prices also rose at a rapid rate in Scotland, Wales and the North East of England. The Office for National Statistics (ONS) said the average UK home cost £255,000 in May. That was £23,000 more than the typical value a year earlier. The 10% rise was the fastest rate for 14 years.

Read more

Record low supply continues to fan the flames of the property market:

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he UK property market shows little or no sign of

cooling despite the tapering of the Stamp Duty tax break, as buyers feverishly mop up what little sales stock remains, according to the latest market analysis from Home.co.uk. The latest figures show that total stock levels of property for sale in England and Wales has fallen again to a new low of 273,531, 34.6% lower than in June 2020 and 43.4% less than in June 2018.

Read more

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Prospective tenant numbers at all-time high for June:

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he number of new prospective tenants was the highest figure on

record for the month of June, at 88 per branch, according to figures released this morning from ARLA Propertymark.

Year-on-year this is the highest figure on record for the month of June, with the previous June high being 79 prospective tenants registered per branch last year. Despite the record numbers, the figure was actually down against the previous month when May saw 97 per branch.

Read more

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....

August

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Government Will Fail To Reach Housing Target Until 2028:

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t will be 2028 before the government finally delivers on

its pledge of building 300,000 new homes a year, according to new research.

Read more

House price growth slows in July but still hits 9.1%:

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he cost of housing in England and Wales grew by

9.1% annually this July, according to e.surv’s latest housing report. Logging a monthly change of 0.9%, this leaves the average house price at £336,003. e.surv’s data shows the average house cost £27,900 more in July than it did in June.

This compares to £32,500 being added to the June cost over May – which is when the annual growth rate hit 10.7%.

Read more

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Liverpool Gets £30m Urban Development Boost:

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teve Rotheram, Metro Mayor of the Liverpool City

Region, has announced that up to £30m of funding is available for urban development schemes because of successful investments made by two city region lending funds.

Read more

Housing market suffers from shortage:

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he housing market is facing an acute shortage of homes

for sale after record transactions to beat the end of the stamp duty holiday used up the stock.

Zoopla, the property portal, said that Britain was in the midst of its “greatest stock shortage since 2015” as the number of properties for sale in June dropped by 26.4 per cent compared with the 2020 average.

Read more

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....

September

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Four out of five landlords secure a profit from buy to let:

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ome 83 per cent of landlords have made a profit from

their lettings activities in the second quarter of 2021 - a slight fall from earlier this year but a strong result according to Paragon Bank, which has undertaken the survey. Only four per cent of landlords record a loss “which we see is relatively stable when we look at profitability over a longer term” states the bank.

Read more

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Number Of New Home Buyers Soars As The Market Continues To Grow:

T

he number of people seeking to buy a new home has

soared in a sign that the housing market remains buoyant as the stamp duty holiday comes to an end.

Read more

Residential Transactions Up Over 20% In August:

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overnment figures show that, totalling 98,000,

residential transactions in the UK during August 2021 were 20.8% higher than in August 2020. On a monthly basis, transactions of this type increased by 32%, the data adds.

Read more

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FEATURE

A focus on

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PRIME CENTRAL LONDON

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The UK property market is a hot

interesting opportunity. Where

topic of conversation in circles

certain locations across the UK

across the world and the focus of

might be deemed more volatile,

these discussions is often Prime

less established, and open to

Central London. Its peaks and

being affected by outside

troughs are carefully monitored,

factors, Central London is

forecasts plotted against the

perhaps the most resilient area

economic and political climate

in the entire country in which to

and changing trends amongst

buy a property.

buyers and tenants are diligently analysed by those seeking to buy.

London has long been a mecca for property investors and whilst

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Whether you’re investing or

the higher average purchase

looking for a residency for your

prices can result in a lower rental

own enjoyment, Prime Central

yield, the potential for capital

London presents an exciting and

growth is incredibly strong.

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WHAT AREAS ARE WITHIN PRIME CENTRAL LONDON?

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It is largely agreed, amongst

area in London are filled with

surveyors and estate agents, that

stunning examples of historical

Prime Central London includes

architecture, all beautifully

the areas within the Royal

preserved and perfectly

Borough of Kensington and

maintained. Alongside these

Chelsea and the City of

stupendous period buildings

Westminster and some fringe

stand modern additions, all

areas around these boroughs.

equally appealing and in keeping

Mayfair, Knightsbridge,

with the area. Majestic yet

Belgravia, Chelsea, Kensington,

understated, the grandeur is

Marylebone, St James, and

clear to see from street to street,

Holland Park are all within Prime

there is nowhere comparable to

Central London.

these most central areas within

Many parts of this most desirable

London.

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The beating heart

OF THE CAPITAL

At the very centre of the city,

those from overseas. Whilst this

Prime Central London is not only

demand was dampened during

a beautiful part of the city, but it

the pandemic due to travel

is incredibly well connected,

restrictions as these have lifted

largely being entirely within

there has been a notable increase

London’s ‘Zone 1’ area. From the

in international interest.

glorious garden squares to the

According to the Forbes World’s

majestic shopping streets,

Billionaire list for 2021, on

London’s finest restaurants and a

average, a new billionaire was

busy nightlife scene to regal

minted every 17 hours over the

hotels and busy café culture, not

past year. The report also

to mention arguably London’s

uncovered that the wealthiest

best green spaces; Hyde Park,

people in the world are now $5

Green Park, St James’s Park,

trillion richer than they were 12

Kensington Gardens and

months ago. Given the

Regent’s Park.

demographic of those who buy property in Prime Central

Not only does Prime Central

London, there is expected to be

London appeal to affluent

an unleashing of pent-up demand

domestic purchasers but it is an

from buyers.

area particularly popular with 54

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What’s in the area?

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Those who live in Prime Central

high end retailers and of course

London have a selection of

popular restaurant Chiltern

London’s most impressive

Firehouse. Mayfair is the

landmark buildings nearby;

location of many impressive

Buckingham Palace is in St

stores and restaurants including

James, the Natural History

private club Annabel’s on

Museum, Science Museum and

Berkeley Square, Scott’s on

Victoria & Albert Museum are all

Mount Street, and sketch on

in South Kensington, Harrods

Conduit Street. The appeal of

and Harvey Nichols are in

having so much on the doorstep

Knightsbridge.

is very clear.

Independent retailers, many of

Furthermore, those who live in

which have a long and rich

this most central part of London

history, can be found in all of

have immediate access to the

London’s most desirable areas.

shopping streets London is best

From the boutique stores and

known for including the many

eateries surrounding Chelsea

flagship stores on Regent’s

Green to the infamous names

Street, and nearby Oxford Street

found in Belgravia such as Peggy

has Selfridges, John Lewis, and

Porschen on Elizabeth Street and

an array of large brand names.

Motcombs restaurant on

Those who live in Prime Central

Motcomb Street. Marylebone

London can readily visit many of

offers an extensive selection of

the finest restaurants and top

retailers and eateries; the Ginger

shopping streets in the UK, no

Pig butcher is on Moxton Street

other area in the country has

and Chiltern Street is lined with

quite so much on the doorstep.

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LOCKDOWN PROOF

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Tenants and buyers alike are now

For many though, there is a

seeking to find a home that is

desire or necessity to be in a

‘lockdown proof ’; a property that

city centre location, buyers and

has outside space or has parks

tenants are now being more

and green spaces within easy

selective about where they’ll

reach, where there is a village

live, and areas deemed

community nearby and of course

‘lockdown proof ’ are seeing

where digital connectivity is

their popularity grow. Prime

strong. As the priorities have

Central London may be popular

changed different areas have

with London’s visitors but off

seen their popularity grow.

the beaten path residents enjoy

Initially, a trend was seen,

a village feel and a real sense of

particularly amongst families, to

community. These neighbouring

up and move from urban

areas might seamlessly flow into

locations out to the country. Less

one another, another marvel of

a knee jerk reaction to lockdown

the area is that each part of

many surveys found this decision

Prime Central London has a

to move was always on the cards,

distinct identity, whilst still

the pandemic simply fast-

benefiting from their proximity

forwarded plans.

to one another.

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Price forecasts

Property purchases in Prime

Savills have also predicted that

Central London are often

the Prime Central London

discrete in nature, with business

property market will grow

leaders and those at the

considerably by 21.5% over the

forefront of global politics most

same period. This exciting

active in the area, the local

prediction for the most sought-

property market is often the first

after postcodes in London

to respond to any changes in

reflects the pent-up demand

sentiment and historically is an

particularly from overseas buyers

area that recovers quickest

who have been unable to travel

following any downturn.

to the UK until recently and the availability of mortgage finance.

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Overall, London property is

After a period of subdued

predicted to see average prices

activity throughout the

rise by 12.4% over the next 5

pandemic, Prime Central London

years, according to real estate

property is set to reign supreme

agent Savills. In a recent report,

once more.

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Meet the investor

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PATIENCE CHINWADA 63

Many businesses claim to follow

Patience Chinwada is a journalist

this mantra but all too often

who entered the property market

their actions don’t quite live up

in her mid-twenties, buying a

to expectations. Thirlmere

property in London as a place to

Deacon is passionate about

live, and she lived there happily

assisting investors, sharing their

for many years. Several years later

knowledge and ensuring they

Patience recognised that property

make considered purchases when

could be so much more than just a

building a portfolio and a

home and explored buy to let.

financially rewarding business.

The client comes first.

Our clients hail from all

After doing some homework,

backgrounds; some are

reading magazines and looking

experienced investors already,

online, Patience decided to invest

others are entirely new to the

in a modest two-bedroom house in

industry, they might be local or

Birmingham. Patience highlights

based overseas and will all have

the reason for buying in the UK’s

individual ambitions.

second city at that time “I couldn’t afford to buy in London. So that’s

It’s incredibly important to have

why I was like - Okay. I’ll look for

a trusting relationship with our

the next best place.” With

clients and to ensure we’re on

immediate success, Patience

track and meeting, if not

bought a second property in

surpassing, expectations we try

Birmingham shortly after the first.

to collect personal feedback as

It was a domino effect.

much as is possible.

Now living overseas, Patience has An ongoing and long-term client

built a diverse portfolio, with

agreed to sit down with us for an

Thirlmere Deacon assisting on her

interview to explore her journey

most recent purchases.

with us here at Thirlmere Deacon.

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Why Property?

Keen to learn why Patience was

she is risk-averse; ‘In terms of

drawn to property investment,

looking at stock markets,

Stuart asks what it was that

somebody said to me, “Go with

made her decide “Actually, now

Bitcoin.” And I said, “If I can’t

is the time I want to start

touch it, I can’t see it, it’s not for

looking into doing something

me.”

more than just owning a property?”

Property is a tangible asset, you know it’s there, it’s providing a

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As with many investors who want

home for a tenant, you could live

to earn an additional income but

there yourself if you ever needed

have reservations about different

to – for risk-averse investors the

asset classes, Patience explains

appeal is obvious.

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A diverse portfolio Patience recognised early on that

portfolio with Thirlmere Deacon’s

to mitigate risk a diverse

guidance.

portfolio that catered to an array of tenant types was necessary.

With the intention of owning

The one-bedroom flat in London

different properties that would

has since been converted into a

appeal to those at each stage of

3-bedroom property and is

their lives and owning properties

currently rented to a family, the

that covered the broadest possible

two houses in Birmingham

tenant market, Patience has

appeal to professional couples

created a diverse portfolio that

who want the space for a home

rarely experiences any void

office or a family and over the

periods.

past few years, Patience has added two apartments to her

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Overseas ex-pat investor

Now living overseas, Patience is

smoothly, to be a key component

an expat investor and found that

as to why she continues to work

due to her status there has been

closely with Stuart and the team;

more paperwork to complete,

“I, as an ex-pat, get asked even

more hoops to jump through and

more questions. I think you

that securing financing has come

provide a seamless service for

with more scrutiny.

people just like me who are going to be asked more and more

She cites Thirlmere Deacon’s

questions. It doesn’t matter where

dedication and step-by-step

you’re living, if you have a

guidance, being on hand at each

company like yours, that actually

stage of her purchases and

takes away some of that stress.”

ensuring the process ran 70

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Professional management

Having a professional

Having had her eyes opened to how

management team looking after

intensive property management can

an investment property can

be Patience sees the benefits for

remove the potential for stress

not just the landlord but the tenant

and ensure everything is

too. Engaging a professional

managed correctly. Patience

management company allows a

remembers an instance two or

landlord to be entirely hands-off,

three years ago where she

when time is precious having a good

decided to manage just one of

agent managing your property can

her properties herself for a short

be invaluable.

time and tells us “It was a nightmare.”

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Why Thirlmere Deacon?

Keen to learn what it was about

Stuart points to the company’s

Thirlmere Deacon that made

ethos as playing a large role here

Patience choose to engage them

“relationship is the main thing with

on multiple occasions whilst

our clients because we are here for

building her portfolio, Stuart

the long-term.” Thirlmere Deacon is

asks what attracted her to

always happy to go that extra mile

working with them specifically.

to build fulfilling relationships with

Patience highlights that the

investors.

initial appeal and reason why she gave Thirlmere Deacon time over

To watch the full interview via

and above other companies was

YouTube follow the QR code.

that there was no pressure and that Thirlmere Deacon shared tailored and informative advice; “you allayed the fears. I think that was one of the biggest things for me because I had so many questions.”

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Words by Amy Marshall

STRATEGY & ADVICE

10 FEATURES THAT TENANTS LOOK FOR IN A RENTAL PROPERTY

If you’re looking to buy an investment property it’s worth understanding exactly what it is that will make a property more appealing so we’ve rounded up the 10 features that tenants look for in a rental property.

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When tenants are considering

especially if they need to use the

places to live their primary

local train services regularly.

consideration is usually the location.

Local amenities such as supermarkets, the doctor’s

1.LOCATION

Proximity to local transport and

surgery and a pharmacy are often

amenities will be key features

important to have within a

that tenants look for in a rental

relatively easy distance. This is

property.

particularly important for rental homes in a city as many city-

Having a good and convenient

dwellers do not have a car.

transport connections nearby will boost the appeal of your

For larger properties that might

property. If a tenant needs to

appeal to a family, the nearest

walk for a long time to reach a

schools will also play a part in

train service, or perhaps needs to

whether a location appeals.

take a bus to reach the train, the property will not be as attractive

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Safety and security are of

surrounding them when they

paramount importance when

walk out their front door.

tenants are looking for a home

2.SECURITY

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and you’re more likely to attract

This is often a reason why

good tenants if your property is

modern apartments prove so

in a good area.

popular with tenants as there will be secure entry and often

A tenant doesn’t want to be

24-hour security or a concierge

concerned about the area

on hand to take packages.

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3.AGE AND CONDITION

Tenants expect rental properties

living there for a year or two,

to be both clean and functional,

meaning convenience and

a modern and recently built

functionality is a primary

property will be in good

concern.

condition naturally because of its age and will feature the latest

If you’re trying to achieve the

home comforts and design

highest possible yield for your

elements.

investment property, age and condition will be crucial factors.

Tenants are often only looking at a rental property with a view to

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Not only is it important that

part of tenants considerations

appliances are in good working

when looking for a place to live.

order but the newer the

4.APPLIANCES

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appliances the better the energy

All appliances are rated using a

rating will usually be meaning

letter scoring system with ‘A’

that a tenant will expect to have

being the best and most energy-

lower bills.

efficient. A property with modern appliances, with good

Appliances are used daily, from

energy ratings, will appeal to

the oven to the washing

tenants more than those with old

machine, making them a major

and inefficient ones.

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5.OUTDOOR SPACE

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More than ever before, outside

With busy lifestyles, a building

space is a key factor for many

that features communal grounds

tenants. Whether it is a balcony

and gardens in a city location can

or roof terrace, or access to

prove to be the perfect solution

communal gardens and grounds,

as then a tenant does not have to

tenants will often hope to find a

worry about maintenance but can

property that has use of some

enjoy an outside space freely.

sort of outside space.

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6.SPACE AND LIGHT

A property that is bright and

layout of each apartment will be

spacious will usually appeal over

arranged to make the most of

those that are cramped and dark.

the available space and large windows often feature to allow

In general, when looking for a

in natural light.

buy-to-let property landlords should seek one that offers good

When looking at off-plan

space and is light proportionate

investment properties, CGI’s and

to the overall size of the

floorplans can help a potential

property.

investor ensure a property will have both good space and light.

Many modern properties are designed with this in mind, the

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Tenants will look for a property

basement of a modern building.

with good storage solutions,

7.STORAGE

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from built-in wardrobes to

Again, newly built properties, or

kitchens with ample cupboards.

those that investors consider off plan that is yet to be built, will

Access to storage could extend

have been designed with modern

as far as communal bike parking

living in mind and will have good

or even secure lockers in the

storage solutions.

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8.INTERNET SPEED

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With so many now working from

have access to a fast internet

home for at least part of the

connection but if an investor is

week, internet speed is of

considering a more remote

paramount importance.

option or perhaps a holiday home they should carefully research

It might be a given that a

local internet speeds.

property in a city centre will

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9.MANAGEMENT AND MAINTENANCE

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Tenants rarely have the

will appeal to tenants because

opportunity to meet a landlord

they can feel assured that issues

before they choose to rent an

will be dealt with swiftly.

apartment, making it hard to know if they will be a ‘good

A tenant will also assess the

landlord’.

overall condition of a property and the communal parts to

Properties that have a reputable

understand whether maintenance

managing agent in place to

is high on the list of priorities

oversee the running of a property

for that landlord.

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Lastly, price is a key feature for

greatest returns.

tenants, the condition and

10.PRICE

quality of the property on offer

Tenants expect the price of a

will dictate the price a tenant is

rental property to be

willing to pay.

appropriate to all of the above features.

Landlords who own modern apartments with the latest

A landlord who attempts to

appliances, modern design

overcharge will find themselves

features and a layout to suit

with costly void periods.

everyday life, will experience the

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Construction Update

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Derby Court

COMPLETED WORKS/ CURRENT STATUS ON SITE; • Weatherboarding complete • Roof substantially complete • Window installation 75% complete • Internal partitions progressing with 10 units plastered • Brickwork commenced and is currently at 1st – 2nd floor level •

Ceiling metal framework, boarding and plastering

PLANNED WORKS; • Progression of the apartment fit-out • Brickwork and windows will progress next month to all elevations • Lift order submitted. It is due to arrive on site in midOctober 2021 • We will be fixing sanitary ware, final fix electronics & white goods

ongoing • Flooring and other joinery works ongoing • Mist coat paint commenced 100

COMPLETION DATE:

Q4 2021

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JQ Rise

• Planning permission was

labour and materials hence

granted on the 4 June for the

the protracted negotiations

226 units over 4 to 24 storeys

with preferred contractors to

• S.106 Agreement executed 23 October 2020.

• Section 73 Planning

secure the works packages.

• The ground remediation, pile probing, piling obstruction

Application to amend the

removals and the construction

existing planning permission

of the piling mat is complete.

to assist with the preferred

• Piling works, sub-structure

method of construction has

and shell & core works

been approved and the S.106

packages are being negotiated

Deed of Variation has been

with contractors.

executed.

• The professional team appointed to deliver the development are working in conjunction with the main

• Piling & Sub-structures and ground floor slabs to commence on site October 21.

• Superstructure to commence June 22

contractor to procure the substructure foundations and

ESTIMATED COMPLETION: 1ST

the shell & core packages.

PHASE,

• The impact of Brexit and the Covid pandemic is impacting

Q1 2023

ESTIMATED COMPLETION: 2ND PHASE,

Q2 2023

on the cost and supply of 102

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Regent Plaza Block B F

loor 9 Kitchens complete and

kitchen install. Floor 4 Partition

first coat of paint applied.

walls and ceilings ongoing.

Mechanical and electrical first fix

Mechanical and electrical first

complete. Bathrooms tiling

fix complete. Floor 3 Partition

underway. Floor 8 Kitchens

walls install underway.

complete and first coat of paint

Mechanical and electrical first

applied. Mechanical and electrical

fix complete. Floor 2 Partition

first fix complete. Floor 7

metal work complete and partial.

Kitchens complete and first coat

Single sided boardingMechanical

of paint applied. Mechanical and

and electrical first fix complete.

electrical first fix complete.Floor

Ground Floor concrete slab and

6 Kitchen install underway, and

drainage installg underway.

first coat of paint applied.

Mechanical and electrical first fix complete. Floor 5 Partition walls

COMPLETION DATE:

Q1 2022

and ceilings taping and jointing near completion for painting and

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Block C

S

FS to all floors is at 90% complete. Internal

metalwork is underway; Internal Steel intumescent painting is complete, externals will follow on. External weather boards to be fitted alongside. Window install start in September.

COMPLETION DATE:

Q4 2022

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Block D P

ile cropping continues.

Pile cap bases concrete

pouring continues.

COMPLETION DATE:

Q4 2022 108

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Vista Sheffield

C

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Student Aparments

ontinuing up with the tabling

decks for loading out materials.

for level 7, installation of

We have commenced works on the

thefloor reinforcement and the

mains drainage connection which

first half of the pour is due to

iscausing congestion on site at

commence on 13thSeptember.

present. Once this work is

Installation of the central

complete the mastclimbers can be

staircase up to level 1 has begun.

installed. The concrete frame is

Installation of the SFS has been

currently up to level 6 on the

completed up to level 3 leaving

floor slab and level 9-10 onthe

out bays forthe hoist & the canti

central core.

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Natex

M

Block A

ast climbers and hoists

been second-side boarded and are

continue to operate feeding

now complete. Plastering is

the floor plates. Pods are now in

ongoing, now up to level 13. 1st

place and being connected to the

fix M&E installation complete to

M&E infrastructure. The curtain

level 13 and 2nd fix has

walling to level 15 is nearly

commencedbehind the plastering

complete. Windows on level 14

on levels 1 - 13. The FF&E Install

are now complete. The cladding

has commenced on floors 1 - 7.

has commenced to the main

Tanks and equipment are now

façade with a full-size sample

installed in the plant rooms. The

areaerected and bracketry now

site continues to work under

being installed progressively.

social distancing measures which

Partitions are now 1st fixed to up

are working well.

to level 14, levels 1 – 13 have 112

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Block B

T

114

he roof decking is being

edge protection will now be

installed. Intumescent paint

progressively removed as the

is complete. SFS and board has

façade isinstalled. Mast climbers

commenced on levels 1 – 8.

have been installed and continue

Window installation has

to service the façade. Setting out

commenced.Builder work holes

for internal partitions has

and setting out continues for the

commenced. Ground floor slab

internal M&E services. J-Safe

preparation has commenced.

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NEW INVESTMENT

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....

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P

ositioned in the very heart of the capital yet surrounded

by the enchanting Marylebone village, this impressive building has been spectacularly transformed by an awardwinning development company to offer idyllic Prime Central London residences, combining modern design with 18th century architecture.

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Beautifully blending city life with luxury living, each contemporary apartment boasts modern comforts, the latest technologies and stunning interior design, many of the apartments also enjoy private terraces.

Not only can residents enjoy the local village atmosphere, fine eateries and boutique shops found in Marylebone but being so centrally located, the building is conveniently positioned for access to many of central London’s finest attractions. Mayfair, Oxford Circus and Soho are all within easy reach, and Regent’s Park is within a short walk of the building.

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om £850,0 r f s 00 ice r P

8 Completion:

EXCLUSIVE AND LUXURIOUS APARTMENTS IN LONDON CITY CENTER Q4 2022.

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....

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L

ocated in the Ancoats area of Manchester, a location

recently voted to be one of the coolest neighbourhoods in the world, this impressive development of 155 luxury apartments is in an excellent city centre location and boasts an array of amenities for residents use.

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Designed with the modern, young professional in mind, Ancoats Gardens not only offers stunning apartments but residents also benefit from access to a private residents lounge, coworking space, rooftop gardens and a large duplex gym.

Contemporary design is being used throughout the building including exposed concrete walls and ceilings, quartz worktops, beautiful textured woodgrain antique maple flooring and bespoke luxury furniture created to compliment the style and layout of each apartment. Quality fittings and fixtures are being installed in each of the properties including Bosch integrated appliances, LED lighting and air source heat pumps with underfloor heating.

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Positioned within minutes of

minutes and Manchester Piccadilly

Manchester’s business and leisure

train station is 12 minutes away.

districts, Ancoats Garden’s is perfectly

Manchester remains to be one of the

located for those who live and work

most exciting and promising locations

in the city. N.O.M.A, the media and

in the UK with considerable price

tech hub and home to Amazon are just

growth predictions and demand from

5 minutes away. Many of the city’s

professional tenants incredibly high for

luxury retailers, including Selfridges

modern rental apartments in the city

and Harvey Nichols, are within 10

centre.

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om £289, r f s 950 ice r P REPUTABLE DEVELOPER WITH AN IMPRESSIVE TRACK RECORD

Rental yield:

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PROJECTED 7%

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Wolverhampton CENTRAL APARTMENTS

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Thirlmere Deacon London info@thirlmeredeacon.com + 44 (0) 2039507939 Lansdowne House, Berkeley Square, Mayfair, London, W1J 6ER

Thirlmere Deacon Dubai dubai@thirlmeredeacon.com +971 (0) 4 818 7277 Floor 30, Oberoi Business Centre, Business Bay, Dubai, United Arab Emirates