Bank Rate increased to 3%

3 November 2022

The Bank of England’s Monetary Policy Committee voted 7-2 to increase interest rates by 0.75% to 3%. One member preferred to increase the rate by 0.5% and one by 0.25%.

Residential development opportunity in New Barnet EN4 with planning for 9 residential apartments

Albert Road New Barnet EN4 9SH

Kingsbury Stone are offering a 0.08 acre site comprising 3 residential units with planning permission for a new building comprising 9 apartments over 6,477 sq ft. The site it located 0.2 miles from New Barnet train station and the vendors are seeking offers in excess of £1.6m for the freehold.

Former Church with halls and meeting rooms on a 0.23 acre site in Watford

Leavesden Road Baptist Church Watford WD24 5ER

Rapleys are offering for sale a Grade II Listed former church and hall, in North Watford. The net internal area is 7,362 sq ft on a site area of 0.23 acres. Watford Junction train station is approximately 0.5 miles away. Offers are invited in the region of £1.1m for the freehold.

Bank of England increases interest rate to 4.5%

11 May 2023

The Bank of England’s Monetary Policy Committee (MPC) voted by 7-2 to increase the Bank Rate by 0.25% to 4.5%. The two members that voted against the rate rises preferred to maintain the rate at 4.25%. The Consumer Prices Index (CPI) inflation was 8.7% in the 12 months to April 2023, which is down from 10.1% in March.

Mc Hugh & Co May 2023 property auction

23 May 2023 | Online

The Mc Hugh & Co May 2023 auction includes: an unmodernised semi-detached house in Woodside Avenue, Highgate N6 4SP with a guide price of £1m+; a 1.1 acre plot of land to the rear of Tangle Tree Close, Finchley N3 2QP with guide price of £325,000+; a 3,300 sq ft plot of land to the rear of Selborne Gardens, Hendon NW4 4SH with a planning application submitted for a 4 bedroom house, with a guide price of £40,000+ and a 1,900sq ft plot of land to the rear of Halifax Road, Enfield EN2 0PP with a guide price of £120,000+.

Nationwide HPI points to a rise in house prices after seven consecutive falls

2 May 2023

The Nationwide House Price Index showed that annual house price growth was -2.7% in April, however the monthly figures showed a 0.5% increase. This is the first rise after seven consecutive declines.

Vacant church and warehouse with planning for 80 residential units in Tabernacle Avenue E13

Glory House Tabernacle Avenue E13 8EG

Kingsbury Stone are marketing a vacant former church, warehouse and associated buildings extending to 36.521 sq ft with planning for a new build scheme of 80 residential units totalling 61,409 sq ft and a commercial unit of 3,528 sq ft. The site is in the London Borough of Newham, close to Canning Town DLR.