Property wishlist: What to buy with £500,000
PUBLISHED: 11:09 23 December 2015 | UPDATED: 11:14 23 December 2015
Increase our 12 property experts' budget to £500,000 and a lot of lucky children reap the reward in the form of starter flats, alongside significant buy to let investment (getting in before April to save on Stamp Duty)
Henry Pryor, buying agent
For half a million I would like this three-bed semi? I think that with some imagination and £20,000 you could turn this into something really desirable. Old fashioned development turning a frog into a prince by changing the market for a property – something I’m sure we will see more of in 2016.
Vivienne Harris, Heathgate
I’d probably see if I could get something just slightly bigger but in the same area as my current home, maybe something that needed modernising.
Nick Collins, Hadleigh Residential
I’d buy a small one or two-bedroom flat anywhere in NW1, NW3, NW5 or NW6, and put it in trust for my children.
Trevor Abrahmsohn, Glentree Estates
I would build a basement which would provide a cinema, office, spa facilities, cellar, cigar room and storage facilities for additional cars.
Yonni Tahor, Benham & Reeves, West Hampstead
I would purchase a rental investment in NW6, an area that is showing consistent, strong capital appreciation. Perhaps a studio apartment within the South Hampstead conservation area, we have a stunning apartment on the market at the moment situated on Canfield Gardens. It has been newly refurbished to a high standard and is located just 0.4 miles to West Hampstead Underground Station (Jubilee Line), a perfect rental investment.
Deborah Battsek, property PR
With £500,000 to spend I would do what I have long been striving to achieve, namely invest in a flat either in West Hampstead or Queen’s Park for my son and daughter. It is likely to be a very long time before they could be in a position to buy anything for themselves, so this would be the ultimate ‘gift’ from me to them.
Chris Cooper, Benham & Reeves, Hampstead
A nice holiday apartment on a golf course in Spain, short flights so I could get there a couple of times a month and play throughout the winter.
Ricky Dengel, Sales Manager, Sandfords Primrose Hill
I would buy a one-bedroom flat in Belsize Park or Maida Vale as a rental investment. There is a great appetite for homes in these locations and demand will continue throughout 2016; buying here would be a great investment opportunity.
Matt Gibberd, The Modern House
I’d use £500k as a deposit for a flat for my daughter in West Hill Court on Millfield Lane. I love the early Modernist architecture, the views, the grounds, and the fact that it’s right next to the Heath.
The Inhouse Way, Property PR agency
I would purchase a one/two-bedroom apartment in Lisson Grove in good condition and located near to shops, bars, restaurants and stations (Marylebone/Edgware Road) as a buy to let investment.
Joseph Winter at Londonewcastle
With this amount of money, I would look to purchase a property within Canonbury. Canonbury is well located near enough to access the City and close to the amenities of Upper Street and the beauty of the Regent’s Canal. The area is cheaper when compared to nearby Highbury and Barnsbury and there are a number of period terraced Georgian properties that offer spacious flats within a vibrant and accessible location.
Mark Sumray, Benham & Reeves, Highgate
Would buy a super rental investment or Just about enough for the deposit on Highfields Grove (my £5million pick)