Issue 7, October 2021
content Directors Letter
Q3 Review, Q4 Preview
4
18
62
Alasdair Walker: Marketing Director Amy Marshall: Chief Writer/Editor Nevena Djuranovic: Art Director Isidora Mladenovic: Brand Strategist
THIRLMERE DEACON TEAM NEWS
16
Property Market 26 News Feature: A focus on Prime Central London
48
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
76
116
DIRECTORS LETTER
From the dining table to a global business...
4
5
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
6
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.
7
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
8
Today, we are well into our
goals. We are growing through
fourth year of business and have
repeat custom, from referred
9
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
10
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.
11
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
13
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
14
15
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! 16
17
18
A
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
20
21
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
22
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
23
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.
24
25
Q3 PROPERTY MARKET NEWS
26
27
....
July
28
29
Young people eye up a return to city life:
Y
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:
B
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
30
31
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:
T
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
32
33
Prospective tenant numbers at all-time high for June:
T
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
34
35
....
August
36
37
Government Will Fail To Reach Housing Target Until 2028:
I
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%:
T
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
38
39
Liverpool Gets £30m Urban Development Boost:
S
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:
T
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
40
41
....
September
42
Four out of five landlords secure a profit from buy to let:
S
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
44
45
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:
G
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
46
47
FEATURE
A focus on
48
PRIME CENTRAL LONDON
49
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
50
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. 51
WHAT AREAS ARE WITHIN PRIME CENTRAL LONDON?
52
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. 53
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
55
What’s in the area?
56
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.
57
LOCKDOWN PROOF
58
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. 59
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.
60
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. 61
Meet the investor
62
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.
64
65
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
66
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. 67
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
68
69
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
71
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.” 72
73
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.”
74
75
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.
76
77
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
78
79
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
80
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.
81
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
82
83
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
84
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.
85
5.OUTDOOR SPACE
86
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.
87
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
88
89
Tenants will look for a property
basement of a modern building.
with good storage solutions,
7.STORAGE
90
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.
91
8.INTERNET SPEED
92
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
93
9.MANAGEMENT AND MAINTENANCE
94
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.
95
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
96
97
Construction Update
98
99
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
101
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
103
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
104
105
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
106
107
Block D P
ile cropping continues. Pile cap bases concrete
pouring continues.
COMPLETION DATE:
Q4 2022 108
109
Vista Sheffield
C
110
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. 111
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
113
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. 115
NEW INVESTMENT
116
117
....
118
119
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.
120
121
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. 122
123
124
om £850,0 r f s 00 ice r P
8 Completion:
EXCLUSIVE AND LUXURIOUS APARTMENTS IN LONDON CITY CENTER Q4 2022.
125
....
126
127
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.
128
129
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. 130
131
132
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.
133
om £289, r f s 950 ice r P REPUTABLE DEVELOPER WITH AN IMPRESSIVE TRACK RECORD
Rental yield:
134
PROJECTED 7%
135
Wolverhampton CENTRAL APARTMENTS
Scan to watch THE VIDEO 136
137
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