Purchasing High Net Worth Property
London’s Notting Hill
Located in the Royal Borough of Kensington and Chelsea, Notting Hill has undergone a transformation over the years and is now one of the most fashionable areas of London.
It’s also an area that has community atmosphere in abundance and a village feel thanks to its communal gardens and varied culture. The famous Portobello Road market gives the area its renowned vibrancy, and this is only enhanced by independent boutiques and eateries.
The architecture is a mix of Victorian, Edwardian and Georgian, along iconic streets of stucco fronted facades. Modern architecture and design is also available, and in the most past thoughtfully in keeping with the local aesthetic. Fans of mews houses will also find what they’re looking for, particularly in areas like Horbury Mews, St Luke’s Mews and Pembridge Mews.
Popular with families due to the availability of large family houses, Notting Hill is a safe area with a strong community spirit and a tranquil environment, unlike a lot of London.
Notting Hill is a well-connected location, with three tube stations nearby; Notting Hill Gate, Westbourne Park and Ladbroke Grove.
Notting Hill Gate has the Central, District and Circle lines, meaning shopping on Oxford Street is just a few stops and eight minutes away and the historic area of Westminster is accessible in 12 minutes. Westbourne Park and Ladbroke Grove are on the Hammersmith & City line so are close to Baker Street and its Bakerloo, Metropolitan and Jubilee lines, as well as national rail services from Marylebone.
Property in Notting Hill
Properties in Notting Hill are noticeably larger than elsewhere in the capital. Beautifully positioned family homes, often with communal – if not private – gardens offer a feeling of space and tranquillity that is hard to find in London.
A house facing one of Notting Hill’s famous garden squares reach around £5.5million. Many of these homes have been converted into flats and can fetch around £900,000 for a one-bedroom flat and around £1.5million for a two-bedroom.
For investors looking for rental yields, a one-bedroom on a garden square can rent for as much as £1,950 per month, and £5,600 for a two-bedroom.
Securing a mortgage in Notting Hill
Properties in Notting Hill 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 Notting Hill.