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Have a look around to discover our latest news, market information, deals, interesting properties and more.   

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October Property Auction Results

A recent clock change to GMT seemed to bring in an early crowd to the start of the October sale with a busy room, although still some mixed bidding.


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Owners of unoccupied properties need to be aware

There has been continuous media coverage surrounding the lack of available housing and the need to build more houses, which has significantly increased pressure on local councils to find new homes. They are increasingly needing to be more creative in accommodating residents at affordable levels.

 


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Post Summer Property Auction Results

Our first sale after the summer break was a welcome return to the market with a 70% success and several post-sales in hand.


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Can you bear to repair?

So, you own a great commercial investment, let on full repairing terms to a blue-chip covenant. Great.


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Strettons advises Segro on Tottenham's largest land deal in a decade

SEGRO purchases eight acres of land on White Hart Lane, Tottenham, as it plans new 185,000 sq ft logistics development. 


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How charities can get the best deal

Over the past 30 years, Strettons have advised numerous charities how best to dispose of a variety of properties including schools, churches, synagogues, halls, houses, and land and whether it...


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July auction raises over £8m

There was strong demand for well-priced vacant residential lots with the first lot of the day, a house in Edmonton N9 guided at £250,000+, selling for £323,000 shortly followed by...


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Lessons for private investors: Spotting the signs of insolvency

As the current period of economic uncertainty continues, one thing has always been certain in business, some companies will survive, indeed thrive, and others will not.


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New Managing Director for Strettons as Ben Tobin plans retirement

Robust succession planning from Strettons’ sees Simon Tilsiter promoted to take the helm at one of London’s oldest independent property advisers and auction houses.


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Strettons' staff join Team Mencap for Charity Run

The trainers have been dusted off as the Strettons' runners get in shape to participate in the Mencap Run Hyde Park on 15 June 2019.


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Understanding the Tenant Fees Act 2019

Following agreement by both Houses of Parliament on the text of the Tenant Fees Bill it received Royal Assent on 12 February. The Bill is now an Act of Parliament and known as the Tenant Fees Act 2019. The Tenant Fees Act outlines the Government’s approach to banning letting fees paid by tenants in the private rented sector and capping tenancy deposits. The ban on tenant fees comes into force on 1 June 2019.


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Hackney Half Marathon for The Wickers Charity

We are pleased to announce that Strettons' team of runners have completed the Hackney Half marathon and have managed to surpass our donation goal in aid of Hackney-based, The Wickers Charity.


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£10m raised at May Auction

Our sale on 21st May raised over £10m from a room where there was mixed bidding with strong demand for some lots and others just not quite reaching their reserve price.


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Importance of establishing a duty of care

A recent decision of the Technology and Construction Court has emphasised the challenges a purchaser faces establishing a duty of care in the absence of a contractual relationship with consultants engaged by the seller.


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The pitfalls of varying a lease

It is common for parties to vary the terms of an existing lease, particularly in times of economic uncertainty. This can include varying the extent of the demise or varying the rent.


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East London Insights Q1 2019 - Planning & Development News

Quarterly planning and development news from Newham, Tower Hamlets, Redbridge, Hackney & Waltham Forest.


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Busy room for Spring sale

Despite a busy room at our Spring auction on 25th March results were mixed, suspiciously reflecting the Parliamentary uncertainty around Brexit, which had been scheduled to take place just days...


CGT 6th April

New CGT on commercial property coming April 2019 - what overseas investors should know

After 6 April, commercial property disposals will be subject to Capital Gains Tax (CGT). If you're an overseas investor, read to learn how you may be able to reduce your...


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HMO licensing reform

The private rented sector (of which Houses in Multiple Occupation (HMOs) form part) has undergone significant growth in recent years and is now the second largest tenure in the UK. New regulations came into effect on 1 October 2018 and expand mandatory licensing requirements.


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Strettons' first property auction of 2019

On 6th February, Strettons Auctions hosted their first sale of 2019, raising over £7.5m with a 71% success rate and climbing. 


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Strettons will be in Cannes for MIPIM

Over the last 18 months, our agency and auction teams have transacted on over £245m of property. The majority of this is London focused, working across east and north London and the City fringes covering residential & mixed-use development land, commercial and residential investments, hotels, offices, industrial and retail & leisure work.


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East London Insights Q4 2018 - Planning & Development News

Quarterly planning and development news from Newham, Hackney, Redbridge & Tower Hamlets. 


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December property auction closes on a high

A busy room at Strettons' 10th December auction and some steady post-auction sales helped to end 2018 on a good note by raising over £13.5m.


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Residential block management wins customer service award

Strettons is pleased to share that our Residential Block Management team took home the Customer Service Award at News on the Block's Property Management Awards 2018.


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Brexit and property opportunities?

What opportunities might be out there for landlords and tenants after Brexit?


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The Property Show Hosted By London Greek Radio

Strettons’ Auction Director, Philip Waterfield, was a guest on London Greek Radio latest Property Show about Property Auctions and discusses how he got into Auctions, and shares his views all about the current state of Property Auctions. 


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New electronic communications code - What owners, investors & developers should know

The Digital Economy Act 2017 and the new Electronic Communications Code came into effect in December 2017 and replaced the much criticised Communications Act 2003, which was widely considered to be unfit for purpose. 


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Strettons complete purchase of specialist industrial agency

The move signals Strettons' intentions to further grow its thriving industrial department, led by Director, Neal Matthews.


EOS Scheme Part 2

Preparing for Phase 2 of the Energy Savings Opportunity Scheme (ESOS)

ESOS assessments are audits of the energy used by buildings, industrial processes and transport to identify cost-effective energy saving measures. This is a mandatory energy assessment scheme for organisations in the UK that meet the qualification criteria.


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Changes for service charges on commercial property

The fourth edition of the RICS code of practice for management and administration of service charges in commercial property is in its final stages before regulatory approval and is due to be issued as a professional statement. The changes come into effect in April 2019 to give adequate time for accounting procedural change.

 


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Autumnal changes in October property auction sale

A high level of pre-auction interest for the October sale, a busy room on the day and several post-event sales demonstrate that there are still plenty of buyers and sellers ready and willing to do business in the UK property market. The interest is there, but as shown in the results across the sector, this doesn't always translate into bidding in the saleroom, as witnessed with some of the lots in our sale.


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Cinema to return to Crystal Palace after 50-year absence

Strettons advises on deal which will see Everyman Cinema open on 25 Church Road.


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National Housing Awards 2018

The National Housing Awards returned for its 12th year on Thursday 6th September to celebrate excellence in home ownership at the Grosvenor House Hotel. Strettons' Development Consultancy team attended the awards and we were pleased to have worked alongside a number of the award-winning schemes.


Commercial Property Deal

Commercial property deal: Grade II listed freehold in EC4

Strettons have completed the deal for The Old Rectory on Martin Lane, EC4 near Monument station. 


£1.1BN Vision For East Bank

£1.1bn vision for East Bank

Organisations including the BBC, University College London, The V&A and the Smithsonian Institute are to set up new sites in Newham as part of the redevelopment of East Bank.


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Duravit opens first dedicated UK showroom

Strettons advises on deal which sees luxury German bathroom brand secure prime Clerkenwell location.


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Strettons secure record rent for Islington office investment

Strettons has announced that it has achieved the highest effective rent for an office investment on a popular street in a prime Islington location.


Industrial Demand In London

East London Insights - Industrial demand in London

The Mayor of London's extensive Draft New London Plan signaled his determination to 'get London building'. The ambitious housing targets and the accompanying relaxation of planning constraints and density guidelines to enable home builders to meet expectations, coupled with The Mayor's clearly and expressed commitment to protect the green belt at all costs, have been the focus of media attention.


July 2018 Auction Results

July auction raises over £6.5m

Our sale on July 16th raised £6.5m with a further £2m now under offer, but the results mirrored the sentiment of uncertainty and caution running through the property market and the economy generally.


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Hackney Wick: Fish Island | Summer 2018 updates

Hackney Wick: Fish Island is a prime place to be and visit in east London. With its local culture and history as a borough, there is no shortage of places to go for the latest trending cuisine, craft beer or art events out of a re-purposed industrial space.


Shift In The Retail Climate

Shift in the retail climate a look at CVAs

Retailers and restaurateurs are reeling from the trading conditions that have battered the sector in recent times. Well-known brands including New Look, Mothercare, Byron Burger and more recently House of Fraser, have turned to CVAs (Company Voluntary Arrangements) in an attempt to manage spiralling costs.


Unopposed London Business Lease Renewals

Pilot scheme for unopposed London business lease renewals

Under the Landlord and Tenant Act 1954 (1954 Act), a tenant occupying premises for business purposes has a statutory right to renew their lease, unless it is excluded from the provisions of the 1954 Act, or the landlord successfully opposes the grant of a new lease under section 30 grounds (e.g. tenant’s failure to comply with repairing obligations, persistent delay in paying rent and landlord’s redevelopment).


Business Spotlight - LuggageHero

Business Spotlight - LuggageHero

LuggageHero is a platform that works in partnership with businesses to store luggage. Founded in Denmark in 2016, LuggageHero arrived in London in March 2017 followed by New York in December of the same year. Since then, each city has seen a growing number of sites.


Hackney Wick: Fish Island

HW: FI - Places to be and see

Hackney Wick: Fish Island is a prime place to be and visit in east London. With its local culture and history as a borough, there is no shortage of places to go for the latest trending cuisine, craft beer or art events out of a re-purposed industrial space.


Misrepresentation

Misrepresentation on the importance in providing reliable information

In the recent case First Tower Trustees Ltd and another v CDS (Superstores International) Ltd (2017) dealt with a case brought by a commercial tenant who claimed for misrepresentation.


May 2018 Auction Results

May auction raised over £8.6m

Our sale on the 22nd of May raised over £8.6m from a busy room where there was confident bidding on the majority of lots.


The Role Of The Expert

Unopposed Business Lease Renewals Pilot Scheme & The Role Of The Expert

The First Tier Tribunal’s pilot scheme for unopposed business lease renewals came into force on 1st January 2018 and is expected to last for one year. From this date, unopposed lease renewals issued in the County Court at Central London (the “CCCL”) will be transferred to the First Tier Tribunal (Property Chamber) (the “FTT”).


New Plans For Industrial

New plans for industrial land in north & north east London

Sadiq Khan’s renewed emphasis on unlocking land for building includes redeveloping brownfield sites, promoting the use of small sites, increasing density and the development of new growth corridors alongside planned new infrastructure. This all confirms his determination to deliver the new homes London residents and businesses need, but also to work towards a vision of a greener London.


Charity Code

Cracking the charity code

The new Code replaces the Charity Governance Code 2010 and was developed following consultation with more than 200 charities.


Spring 2018 Auction Results

Strettons’ spring auction raised a healthy £8¼m.

Our Spring auction on the 27th showed mixed results but still raised a healthy £8¼m.


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Leasehold reform: Past, present & future

Over the last year, there have been some political advances on Leasehold properties which may potentially have significant implications going forward. Most notably, leaseholds on new build homes have been abolished.


Planning For Affordability

Planning for affordability

In December 2017, the Mayor of London, Sadiq Khan, published his Draft New London Plan, a comprehensive document designed to build a city fit for the future for all Londoners and is underpinned with the concept of 'Good Growth'.


February 2018 Auction Results

91% sold at February auction

Strettons’ first sale of 2018 produced a 91% success, raising £7.5m. 


EPC 2018

2018 Energy Performance Certificate (EPC) changes

2018 Energy Performance Certificate (EPC) changes


MIPIM 2018

We're going to MIPIM 2018

MIPIM is the world's leading property market is just around the corner, and Strettons’ Agency and Development Consultancy Teams are looking forward to another year.


A New Plan For London

A new plan for London

The plan seeks to help re-balance the London economy, minimising the economic performance gap between different towns and boroughs, and, as in previous plans, sets out measures to tackle the capital’s housing crisis which continues to see a significant shortfall in supply relative to the growing London population.


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Café Du Cycliste open first UK store

Strettons advises on deal which sees chic cycling brand secure premier Artillery Lane location.


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The role of build to rent in London’s housing market

In the December edition of the NxNE newsletter in partnership with Belgrave Communications, we discuss build to rent and its effect on the London Housing Market.


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Strettons announce outstanding success rate in APC qualification

We are delighted that since 2015, 13 out of 13 of our graduates have achieved a remarkable 100% success rate in the Assessment of Professional Competence (APC), the training scheme graduates need to complete on the job to qualify as a Chartered Surveyor.


Olympic Legacy

Olympic Legacy and Stratford’s Transformation

Many areas of London have undergone significant change over the last decade, and one golden example is Stratford. London made a prime candidate for the games due to its redevelopment potential and legacy the Olympics would leave. 


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Hackney Wick: Fish Island - Places to be & see

Hackney Wick: Fish Island is a prime place to be and visit in east London. With its local culture and history as a borough, there is no shortage of places to go for the latest trending cuisine, craft beer or art events out of a repurposed industrial space.


Industrial Space

Making the most of industrial space demand

The Strettons industrial team has worked with clients to help them respond to the shift for space outside of the M25 and protect their investments through a creative approach to disposing of larger premises.


Tips to pass the APC

Top tips for passing the RICS APC

This article was prepared by three of our most recent Chartered Surveyors, who passed their APC in May. Strettons' APC success rate remains at 100% over the last few years, with a comprehensive in-house scheme and support from our own APC assessors. 


Autumn 2017 Auction Results

£12.5M raised at strong Autumn auction

Strettons’ October auction showed a healthy buyer interest, especially for properties within the southeast, raising over £12.5m on a 74% success rate with post-auction sales set to increase this.


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Hackney Wick: Fish Island - Issue 1 Autumn 2017

Hackney Wick: Fish Island, east London's newest hotspot is full of changes and developments. Read our new series to learn more. 


Tottenham Hale

Tottenham Hale: Opportunities, upcoming schemes & property demand

The ongoing development and regeneration work taking place in and around Tottenham is set to transform the area. With a supportive local council and more than £1 billion of public and private backing being invested into the borough, the area is set to benefit from 10,000 new homes and 5,000 new jobs by 2025. 


Ground Rent Investments

Ground rent investments - following the maze

For many years, Strettons have been selling freehold ‘ground rent’ investments by auction, where all or both of the units in purpose-built blocks, converted houses or in purpose-built pairs of...


Affordable Housing In London

Affordable housing in London

With property prices rising faster than wages, the issue of providing affordable homes in the capital is one that remains to be resolved. Lack of clarity on definitions, the range of options and the potential for schemes to be undermined by developers could weaken the good intentions of the London boroughs to meet their challenging targets of providing affordable homes in their areas.


Crossrail Impact

Crossrail impact on north and northeast London

The impact of the Crossrail tunnel is surfacing as we move closer to seeing trains on the Elizabeth Line. Europe’s largest construction project is scheduled to become fully operational in December 2019, and it will have a transformative effect on London, but especially on the northeast and east London.


Industrial Market Update

Industrial market update

Demand remains strong, with online retail and residential development fuels industrial space shortage in London. Occupier demand has remained steady for industrial property, particularly throughout outer London and the Home Counties...


Residential Demand in Redbridge

Residential demand in Redbridge

As we know, demand for housing across London remains high. Boroughs within our patch of north, northeast and east London are popular with those looking to get on the housing ladder or relocate to potentially larger properties further out from Central London, especially with the introduction of Crossrail making commuting more feasible.


March 2017 Auction Results

Buyers Spring to action at March sale

Our 27th March auction brought a good turnout of bidders with brisk competition to produce an 88% success rate. 


High Demand For Haringey

High Demand for Haringey

Strettons has been progressively active in North and Northeast London over several decades and, based on this experience and knowledge of the area; we have confidence in the future potential of this diverse, up and coming area.


Strettons Rebrand

Announcing our rebrand

Since Strettons' established in 1931, we’ve seen the markets we work in undergo significant change. As a London based business with national coverage, we are proud to have contributed to the success, continued transformation and regeneration of the areas we cover.


Deciding to sell at Auction

Deciding to sell at auction

Deciding whether to sell by public auction or private treaty is ultimately about what is right for the seller. Auction, however, does provide a higher degree of certainty which can be very appealing, especially if time is a factor in the sale as once the gavel falls a legal and binding contract is made


Purchasing Your Homes Freehold

Purchasing your home's freehold is easier than you think

Leasehold property owners often find themselves in dispute with their freeholders, over everything from where the cheapest insurance has been obtained to the quality of the management. One way to overcome these quibbles is to buy the freehold and take control, and doing so is easier than you might think.


Industrial Acquires 152k sq ft in Essex

Industrial acquires 152k sq ft in Essex

Strettons and Industrial Tool Supplies (ITS) are pleased to share the completion of a deal which will see ITS relocate to a 152,000 sq.ft unit at the Harlow Logistics Hub for use as its new head office and distribution centre.


Strettons 2016 Review

Strettons' 2016 year in review

Our 85th year has been an exciting year of consolidation and then rapid growth in all areas of the business.


December 2016 Auction Results

Auction sales stay on track in December

Strettons’ end of year sale on 13th December. Overall, we raised close to £7m, higher than our December 2015 auction.


Langdon Awards

Langdon Charity Employer of the Year

A charity which helps adults with learning disabilities to lead independent lives through securing employment has named Strettons as its 2016 Employer of the Year.