There is currently well over £750 million pounds worth of properties available off-market in Knightsbridge and Belgravia.
And it would be a mistake to think that only properties over £10m are ever really sold without appearing on the property portals, this is far from true. Several properties between £1m and £5m are sold off market.
Another misconception about off-market properties in Knightsbridge & Belgravia is that they are all massively overpriced. While this is definitely true in some instances, would it be wrong to suggest that many properties on the websites are also overpriced?
So, worrying about how off-market properties are priced is a poor reason for deciding not to look for off-market opportunities. Indeed, it is essential to understand what makes owners decide to sell off-market (there are many reasons) and negotiate accordingly.
And one advantage you will have is that you are far less likely to end up in a bidding battle if a property is not being openly marketed.
So, would you be against giving yourself an advantage over other buyers by having first refusal on these properties?
“Jeremy quickly sourced a selection of properties which met our requirements and one in particular stood out – a stunning Georgian house which was much wider than the standard London home and which also had exceptionally high ceilings. The house was not on the open market so we would never have known of its existence.” Mr & Mrs Ybarra
If you are interested in discovering the techniques I use to find these properties for my clients, simply email me at jeremy@mercuryhomesearch.com or call 02034578855 (+442034578855 from outside the UK).
This is not just theory. These are the strategies and tactics I use to find my clients properties the average buyer will never see.
“We own a number of properties in London and were looking to add to our portfolio. We are very selective on our investment targets that must meet a very stringent set of requirements in order to be taken into account.
Jeremy scoured the market using his expansive network of contacts and, rather than recommending dozens of properties in the hope that one will work, only put forward one property for us to consider.
It was a freehold building consisting of six apartments that were already rented. This property was not on the open-market and we would never have found it ourselves.” Lagfin S.C.A
You can use many of these techniques yourself, so to discover more, simply email me at jeremy@mercuryhomesearch.com or call 02034578855 (+442034578855 from outside the UK).
