Beautiful Living Smart Investing
Total Page:16
File Type:pdf, Size:1020Kb
purchaSe off plan Beautiful living Smart inveSting Buying to let Page 6 Buying your new home Page 7 Out and about in Reigate Page 8 The Apex development Pages 10-13 Page 2 Beautiful living. Smart Investing. Reigate www.apexreigate.com Why Reigate? The buoyant property market suggests buying in Reigate is a wise choice. Whether you are a property investor or simply looking for a great place to live, there are many compelling reasons to choose Reigate. Who wouldn’t The town also rated highly for local schools’ standards, high want to own a employment levels and property property in the best prices. place to live in the Reigate is a town which is easy to love - whether it’s the beautiful South East?! Cullenders Delicatessen & Kitchen open spaces, the architecture, the great selection of shops or its In a 2013 study undertaken by vibrant bars and cafes. It has a great the Sunday Times to “reveal the mix of everything, which appeals to little Nirvanas dotted across the a wide range of people from all age UK”, Reigate beat many other groups. There is a genuine sense of notable towns such as community in Reigate and Guildford, Sevenoaks, always a lively buzz of Ascot and activity centred Reigate High Street Winchester to the around the thriving top spot. reigate High Street. named aS “Reigate is a fantastic the BeSt place place to live! The café’s A wide range to live in the Being nestled at of criteria were the foot of the and bars are great and considered and South eaSt breath-taking the whole town has such Reigate won out North Downs a friendly feel about it. on factors - Sunday Times and surrounded by I work at Gatwick Airport, including; natural lush countryside, so location is perfect for beauty, low crime Reigate’s commuting me too.” (Karen P) rate, cultural life, its facilities place it easily in location in the rolling North Downs the London Commuter Belt. Living “Having lived all our and Surrey Hills area of outstanding in Reigate and working in London lives in the centre of natural beauty. Further credit was is the choice of many people, London, my wife and given for its proximity to Gatwick though working locally is also an I made the decision to Airport, historic Reigate Fort, option as there are many large move to Reigate. It’s the Capability Brown-designed Gatton employers in the area and of course best thing we could have Park, picturesque Reigate Hill and Gatwick Airport just a few minutes’ done… we love the fact of course the wonderful Priory Park drive away. there is so much open - directly opposite The Apex. space and greenery around, yet it’s perfect for commuting. We feel like Reigate is our little So, rather than asking “Why Reigate?” secret… don’t tell perhaps the question should be everyone!” (David B) “Why would you choose anywhere else?!” www.apexreigate.com Beautiful living. Smart Investing. Reigate Page 3 Great connections Reigate Station offers regular trains to central London every 20 minutes during peak times, with a journey time of just 39 minutes. 52 mins London West End 46 mins Waterloo 45 mins London Bridge 31 mins London Heathrow 39 mins Victoria 23 mins Croydon 17 mins London Gatwick 30 mins Guildford 46 mins Brighton Page 4 Beautiful living. Smart Investing. Reigate www.apexreigate.com WHILST LONDON LOOMS LARGE ON THE WORLD PROPERTY STAGE, THERE IS A STRONG CASE TO BE MADE FOR PROPERTY INVESTORS TO LOOK FURTHER AFIELD THAN THE CROWDED MARKETS OF INNER LONDON. Historically, investors have tended When correlated with London, to concentrate on a limited the research shows the Redhill/ geographical area when investing Reigate property market sharing in the capital, some venturing no over 97.5% of house price further than the central post codes, movements in previous property others limited by London’s green market cycles with the capital; belt or the M25. When it comes effectively behaving like an to investment decisions about extension of London boroughs. “Reigate residential property though, savvy investors are looking towards Local demand for rental properties commands the towns such as Reigate. is also likely to remain strong, 4th highest census data from 2001 and 2011 New evidence from Savills Research shows the total number of Rental pRices shows that some property markets households in the private rented outside of London behave in a sector has increased by more than in the UK” similar way to London and are 60% in Reigate and Banstead. driven by many of the same factors. (Daily Telegraph) “Reigate shares over 97.5% of house price movements with central London.” 800 700 A SMART INVESTMENT A SMART 600 500 400 300 200 Guernsey Woking London Reigate & Banstead 100 0 Rent per room month (£) (Daily Telegraph) REIGATE www.apexreigate.com Beautiful living. Smart Investing. Reigate Page 5 hoUse pRices in the soUth east aRe expected to Rise by by31.4% the fiRst qUaRteR of 2020 – The Treasury connected careerS “an ideal PLACE FOR YOUNG PROFESSIONALS TO SET UP home.” Many large companies have offices in or close to Reigate, providing excellent local employment opportunities. Businesses including Canon, Esure, Towers Watson, Legal & General, Aviva and Kimberly-Clark are all within easy reach, helping to make this thriving town an ideal place for young professionals to set up home. Page 6 Beautiful living. Smart Investing. Reigate www.apexreigate.com buying to let WITH REIGATE’S WELL ESTABLISHED REPUTATION AS A GREAT AREA TO BUY PROPERTY AND HIGH LOCAL DEMAND FOR RENTAL ACCOMMODATION, THE APEX REPRESENTS A SUPERB OPPORTUNITY FOR A BUY TO LET INVESTMENT. uy-to-let is currently The demand for rental properties Investors look for properties enjoying a renaissance: in Reigate is fuelled by its with the potential for good returns Bmore mortgages are outstanding location, amenities and which are as hassle-free available, rental yields are higher and commuter links. A buoyant local as possible. With this in mind, and demand is through the roof. employment market further helps we expect The Apex to be a very to ensure rental demand from the popular investment.” According to recent figures from professional sector remains high. the Communities and Local Government’s English Housing Local agents Gascoigne Pees say: Report, the number of privately rented properties has risen from “Working closely with our sales 3.4 million in 2009-10 to 4.4 million team here at Gascoigne Pees in 2013-14. Residential Lettings in Reigate, we have noticed a rise in the number When purchasing a buy-to let of local investment buyers over the investment there are many years. We have seen rental values important factors to consider, increase over this period to an all “A bright investment” including the potential for your time high, in turn offering capital investment to grow over investment buyers / landlords the long term, the ease with which more competitive yield values. you will be able to rent the property, the type of tenants you will be able to attract and of course the likely rental yield. www.apexreigate.com Beautiful living. Smart Investment. Reigate Page 7 Buying your new home FINDING YOUR WAY THROUGH THE MORTGAGE MAZE For most of us, buying a house is With a traditional mortgage, the HELP TO BUY The government’s 20% slice of the the biggest purchase we make - it’s amount of deposit required will loan is extremely competitively- a big decision and an exciting time. vary between lenders. According Are you a first-time buyer, who priced and for the first five years, Unless you are a cash purchaser, to Which? magazine research can afford mortgage payments it’s interest-free. you will need to arrange a mortgage conducted in 2015, the average but cannot afford a deposit of and it’s advantageous to start (mean) mortgage deposit for more than 5%? With a combined deposit of up making preparations as soon as first-time buyers is 17%. to 25%, you will then have access possible. Should you get a tracker OR to more attractive mortgage rates or a fixed rate mortgage? How long However if you are unable to raise from lenders participating in the should the mortgage be for? How sufficient deposit, help may be Do you already own a home and scheme meaning that dream home much could you borrow and when available from the Government- want to move up the ladder, but you thought was out of reach should you apply? backed Help To Buy scheme. your financial circumstances mean could become a reality. you can afford only a 5% deposit There are many things to consider, on your next place? Borrowers can choose to repay the but a good mortgage broker will be equity loan at any time, without able to provide solid advice, guide Help to Buy, launched in 2013 penalty. You can pay back either you through the process and show and available until 2020, is an 10% or 20% of the total amount, you the best deals. Equity Loan scheme applying to so long as the loan is worth at least properties worth up to £600,000. 10% of the value of your home. It is open to both first-time buyers and home movers who wish to buy a new-build home. First time buyers and home movers who have at least 5% deposit are eligible for this scheme, whereby the Government lends the buyer up to 20% of the value of the property. “Reigate has seen a 9% increase in Buyer’s 5% deposit £10K property values Government’s 20% Loan between £40K 2014 – 2015” - Land Registry £150K £200K example home 75% Mortgage from commercial lender MICKLEFIELD SCHOOL TO M25 (8) Page 8 Beautiful living.