Purchasing High Net Worth Property
St John’s Wood, London
Located just two stops from Bond Street, St John’s Wood is a rare opportunity for London, thanks to its relaxing village atmosphere – something which is protected by the St John’s Wood Society.
Its high street is filled with beautiful boutiques, eateries, including the Ivy Brasserie, and bars, and it’s only a short walk to the beautiful areas of Little Venice and Primrose Hill.
As well as offering a lot to young professionals in terms of its vibrancy and buzz, it is also ideal for families looking for a home in the capital. As well as excellent British schools, it also has a French Lycée and American school, attracting residents from around the world.
As well as secondary schools and colleges, St John’s Wood also has some top-quality nurseries, so there is high class education available for all ages.
Cricket fans will be close to the home of cricket, Lords Cricket Club, which also adds to the area’s atmosphere throughout the summer months.
St John’s Wood is served by the Jubilee line, with access to Baker Street in 2 minutes, Bond Street in four and Canary Wharf in 20 minutes.
Property in St John’s Wood
St John’s Wood offers a multitude of architecture styles; villas, mansions, apartments, new build luxury houses, or development opportunities can all be found there. Prices reach around £25million for the most high-end properties, and have increased significantly in recent years.
You can expect to pay around £1million for a two-bedroom property, right up to £7.5million for a detached house.
Securing a mortgage in St John’s Wood
Properties in St John’s Wood are typically upward of £1million, which can be more complicated to secure a mortgage for. Unless you have a very large deposit, arranging a £1million+ mortgage at a high loan to value (LTV) can be very difficult—so a good broker with excellent contacts across London can help.
A broker like Enness has ample experience securing such mortgages, and has the knowledge of the London property market to ensure the best solution.
Is it still a good idea to invest in London property?
There have been conflicting reports over the last year about the state of the London property market—but price stagnation means now is a good time for buyers to drive a hard bargain. For more information about why now is a good time to invest in luxury London real estate, click here.
Whatever your personal profile is—be that a foreign national from the Middle East, an expat, a self-employed worker or an employee with large bonus income—we have the contacts to find you the perfect mortgage and complete the purchase of your property in St John’s Wood.