Freehold vs Leasehold Properties - Which is Right for You?
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- Опубліковано 18 вер 2024
- Understanding freehold vs leasehold is crucial! This video dives into the hidden costs of leaseholds, from escalating ground rent to limitations on renovations. We'll then explore the benefits of freehold ownership, like greater control, security, and potential for increased value. By the end, you'll be equipped to make an informed decision about whether to buy the land itself or just the right to live on it.
We also explore the exciting world of regeneration zones in London, comparing them to established neighbourhoods like Kensington, Islington, and the hottest spots in Northwest London. We'll uncover the unique advantages of each option to help you decide where to find your dream home or investment.
We'll explore the latest luxury developments in London Nine Elms and Canary Wharf, showcasing the incredible amenities they offer residents. But there's a catch! We'll delve into the often-high service charges associated with these perks and ask: who foots the bill?
London's luxury landscape boasts sky-high pools, private cinemas, state-of-the-art business centre's, pampering concierges, high-tech gyms, and sprawling communal gardens - all offered by the capital's latest developments. The question is "are they worth the premiums being charged"..?
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KEEP IN TOUCH:
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00:10 - Introduction House increase in value over time and potential to create value
00:20 - Buying a flat option because it's cheaper and gets you on to the property ladder
00:30 - Consideration when buying or investing in property
01:05 - What you own when buying a freehold house explained
01:40 - What you own when buying a leasehold flat or apartment explained
02.15 - View Tapestry Kings Cross, Battersea Power Station, Nine Elms Embassy Gardens
02:24 - Share of freehold explained
03:34 - Why overseas investors prefer to buy apartments, low entry and gross yields
04:00 - Gross rental yield formula
04:25 - Ground rent explained
05:10 - Service charge for concierge, communal spaces explained
05:.50 - View cinema rooms, business space, communal gardens, gym, swimming pool
06:15 - 375 Kensington High Street development
07:15 - Freehold property maintenance and contractors
07:50 - Gross and net Yield calculation explained with easy to use formula
09:22 - Grenfell Tower fire implication for new build and cladding issues
10:06 - Ownership period for leasehold and freehold explained
12:20 - UK Tenant market explained, long let, short let, corporate let, holiday let and airbnb
13:21 - Creating value add when flip houses or your own home
13:40 - My UK flip house Property tour
14:48 - Over supply of London new build properties
15:15 - Top tips for investors when buying properties
15:35 - London property hot spots, Notting Hill, Camden, Kensington, Hampstead, Islington, Kings Cross, Stoke Newington, Hackney, Old Street, Farringdon, Clerkenwell
16:23 - Luxury London Apartments, One Blackfriars, Nine Elms, Canary Wharf
16:30 - Period apartment blocks in Knightsbridge, St Johns Wood, Kensington
17:30 - London's latest property investment hotspot Meridian Water North London
DISCLAIMERS & DISCLOSURES
Disclaimer: For entertainment & education only. Not financial advice. Every investor is unique. Do your research & consult a professional before investing. Past performance is not a guarantee of future results. All investments involve risk, including loss of principal.
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I really like the term “title absolute” it makes sense with houses.
I recall reading about ‘Leasehold’ being abolished in UK. Interestingly Leasehold does not exist in Italy and probably a host of other countries I imagine
We do not have leasehold in Portugal either..
If the council owns the leasehold the GR is usually very cheap about a £10 per year however if it’s own by a management company yeah GR is a couple hundreds per year . I’ve been working for Dexters part time for a year now they want me to go full time , you will be my online mentor from now hehehe!!! 👌🏾🙌🏾
Nice comment, I just learned something from you too.. Step one is agency experience if your passion is to stay in property..👍
I also really like some of the modern developments you shared am shocked at the high service charge but there are some wealthy people around who will happily pay. You seem pro houses is this right..?
We love houses more scope to create..!