Our clients were renting a flat in Hammersmith, and with the pandemic unfolding were extremely keen to move into a larger property with outside space.
Fulham, London, SW6
Before engaging Black Brick, they had considered undertaking the search themselves, but were concerned that they did not understand the pricing of the different areas within Fulham and nor were they confident about overseeing the legal process. With the demand for houses with gardens in this price range far outstripping supply, stock levels were also an issue.
Their search started in June 2020 which coincided with the easing of government restrictions brought in to control the Covid-19 pandemic. The market for houses with outside space in good quality residential areas in London was incredibly busy and so stock levels were low. Our first step was to guide and advise our clients as to the pros and cons of the micro locations within Fulham, for example how do the Alphabet Streets compare to The Peterborough Estate or how is the Moore Park Estate affected by its proximity to Stanford Bridge? It became clear that our clients preference was for a house in good condition on the Peterborough Estate.
Through our network we identified a house on Bradbourne Street which was available ‘off market’. The vendor wanted £3,500,000 which equated to £1191 per square foot. On our analysis of the market the price seemed fair given the fact the house was in good condition and properties on less well regarded streets within the Peterborough Estate were trading at above £1200 per square foot. We were able to negotiate successfully and contracts were exchanged at £3,300,000 or £1123 per square foot without the house never coming to the open market or any other buyers being able to view it.
Our network is unrivalled. Our ability to find properties off market and to acquire them under market value is the best in the business.
We would be delighted to hear from you to discuss your own property requirements. For a non-obligatory consultation, please contact us.