ExclamationI’m going to post in future at  The reasons for this are largely to do with having my ear bent by SEO experts about how to get the more readers for the blog.

So please add the new address to your favourites or bookmarks (CTRL + d) and I will continue the story there!

Just about to post an little piece about Watchdog last week…

Jeremy Wasden of Belvoir Letting Uxbridge

Belvoir Lettings


Studio Flat Holly Gardens

Holly Gardens

On Right Move with Campsie of West Drayton, this looks like a nice studio.  The main room is approx 11ft by 16ft so a good size.

Close to the station.  So future benefits from Crossrail quite likely.

The lease length is reasonable at 100 years. 

The flats are situated opposite a playing field.  There is parking and outside storage.  This one certainly bears a look.   So if we rent for £550 pcm that would make the gross yield here 6.5%…. That looks to me to be a good return.

Jeremy Wasden of Belvoir Letting Uxbridge

Belvoir Lettings

Ryeland Close: Studio with Short Lease

Studio for Sale Ryeland Close

Studio for Sale Ryeland Close

This studio flat in on with a couple of agents or not (different exterior buildings with the same internals).  Curious.

From previous posts I have highlighted that I think Ryeland Close is strong for Buy To Let investment.

The Campsie listing shows that there is 76 years left on the lease.  This is a little short, so I wanted to discuss that.

The good news is once you have owned the property for two years you have the right under the 1993 Leasehold Reform, Housing and Urban Development Act to extend the lease by 90 years.

The bad?  Below 80 years, marriage fees become payable (an extra payment for the lease holder) if you want to renew the lease.  Below 75 years you also have to factor in mortgage companies start to get new prickly about lending and the shorter the lease gets the more prickly the mortgage companies are.  Beneath 60 years and you are unlikely to be able to sell the flat to someone who needs a mortgage cutting your potential market.

As seems possible, if this was a 99 year lease then calculators suggest, at the current value the cost of lease extension will be £5,000-6,000 plus costs.  This is a guide only, please do your own research if you are interested as costs vary.    If you want to know more about this field of property law the Leasehold Advisory Service is a good place to start.

Clearly lease length is a key issue with this property.  If the property was let at £550pcm, and the purchase price of the property was £104.5K + £7k for the lease extension, with no other work, the gross yield would be 5.9%

Jeremy Wasden of Belvoir Letting Uxbridge

Low res-CMYK

Belvoir Uxbridge Officially Opened

Belvoir Uxbridge, 113 Hillingdon Hill

We quietly opened up for our first official day of trading today and welcomed customers in the form of tenants, landlords and contractors.  Very excited to roll out a new branch of Belvoir to Uxbridge!

Inside the office

We are on the nice parade of shops opposite St John’s Church on Hillingdon Hill.  Our address is 113 Hillingdon Hill, Uxbridge, Middlesex UB10 0JQ.  You can call us on 01895 257935 or email

The view of St Johns

I have long seen Belvoir as a great business having followed the growth of the business in the Watford area over a number of years.  It is a great brand that genuinely believes in offering the very best service to customers, conducting business  professionally and I am delighted to be associated with it.

We take it as a good omen that we open at the start of Safe Agent Awareness week.  We think it’s wrong that letting agents can trade without insurance, membership of The Property Ombudsman and protection against the loss of clients money.


The Queens Speech… Landlords to Clamp Down on Illegal Immigrants

State Opening of ParliamentFrom the lovely BBC reporting on the Queens State Opening of Parliament

The Queen said an immigration bill would aim to “ensure that this country attracts people who will contribute, and deter those who will not”.  If passed, the bill would ensure illegal immigrants cannot get driving licences, and change the rules so private landlords have to check their tenants’ immigration status.

Looks like that is a job heading for landlords and their letting agents.  Agents will welcome this responsibility to show they can offer another service to landlords.  Any reputable agent would take identification anyway so  checking immigration status will not be too much of a push.  Provided clear methods and guidelines are issued.

With illegal immigrants pushed underground,  my concern with this is that it will increase demand for dreadful beds-in-sheds so I’d hope the government continue to pursue landlords of these properties.

Buy To Let: Ryeland Close, West Drayon/Yiewsley


Subject to the normal caveats like, lease length and parking this one bed flat on Ryeland Close looks like a well priced property, on with Hart in Uxbridge – although the picture might have given that away! On the market at £130,000.

This one bed flat sits about 15 to 20 minutes walk to either Hillingdon Hospital or West Drayton train station, so nicely in between.  I like properties which are located in close proximity to key locations, like Hillingdon Hospital, tube or rail stations or town centres so they have as wide an appeal as possible to a range of tenants. When they are reasonably close to a number of these factors then that’s all the better.

Another agent have one similar on the market to let for £795pcm, but it has sat a little while (six weeks).  If we went for a competitive price and achieved £750pcm, that is a yield of 6.9%. So at first pass this looks like a good return.

Johnson Vs Old: Advanced Rent is not a Deposit

Royal Courts of JusticeThe lettings business, which with so many laws affecting it, has another piece of case law to add to the collection.  Johnson Vs Old.

The Court of Appeal has recently ruled that rent taken in advance does not count as a deposit and therefore will not require protection under the rules of the Housing Act 2004.  This will come as good news for many landlords of student lets in the Uxbridge and Brunel area, where payments are often taken up front.

I did worry about the logistics of claiming advanced rent money back each month from deposit protection services if this appeal had been upheld.  I am sure we would have found a way though!

The deposit protection companies will be disappointed with this judgement – they were rather keen on the opportunity to hold more funds.