I’m pleased to report that for 2024, Benham & Reeves maintained their leading position as top selling agents on Rightmove and Zoopla for flats and apartments in the NW9 postcode beating 101 other agents listing on the portals. On Rightmove, we were also the top seller in 2023 so this is a second year win. This achievement not only reflects the hard work and dedication of our local sales team but also demonstrates some of the fundamentals that continue to underpin our success and reputation.
Focused Sales in Colindale
The majority of sales we did in NW9 were concentrated in or on the borders of the Colindale area which has seen supercharged growth due to a programme of targeted investment by the UK Government and Transport for London over the last two decades.
Colindale Tube station has been comprehensively revamped, and modern residential property developments continue to transform the surrounding streets into an increasingly popular destination for homeowners of all ages, and rental investors.
Committed to move
All of this progress fully vindicates our decision in 2006 to establish a local branch on-site at the Beaufort Park property development when the first phase was taking shape. Positioned right at the heart of this flagship St George scheme, it allows us to cover not just NW9, but also the neighbouring NW4 and NW7 postcodes, demonstrating just how much potential there is in this popular part of North-West London.
Drawing on Benham and Reeves’ heritage dating back to 1958 – when we opened our first branch in Hampstead – as Colindale estate agents, we strive to be ultra-responsive to the requirements of every seller and buyer and in this industry, contacts are king.
Our Global Reach – Assisting Overseas Investors
Firstly, our strong overseas presence through 14 international offices allows us to assist investors in their own languages and time zones, integrating seamlessly with our London teams who are used to working cross-geographically to facilitate the buying and selling process. Consequently, we have a constant flow of individuals who are looking for the next investment so our large database, garnered over many years, is pivotal in providing a steady flow of overseas buyers.
Leveraging Technology for Efficiency
Secondly, we leverage top UK property portals as well as our own website using the latest tech and AI tools to get our properties listed fast, bringing them to buyers within hours, not days. Having an in-house marketing and web team, photographers and videographers means that we can get instructions on to market much faster than most.
Meeting Market Demands
Challenging market conditions mean that yield remains a critical factor for investors as does value for money for homeowners. As always, our NW9 sales team leaves no stone unturned to get the best deals for our vendors and buyers, and I am particularly proud of the personalised service that we have been able to provide. This facet of our work has taken on even more significance as we have witnessed the arrival of working professionals and their families from Hong Kong participating in the UK Government’s British National Overseas visa (BNO) scheme. Most arrivals rented a property with us first and have now either bought a home or intend to buy one during the course of this year.
Increased Demand for Properties
We are currently seeing a sharp upturn in enquiries for houses in the NW9 postcode and are in dire need of stock to meet the demand. A lot of house sales tend to be sold off-market which means they don’t make it onto website listings. With demand outstripping supply, sellers are in a very good position to make strong returns. Flat resales are also very buoyant, particularly for those with proven investment quality such as yields and rental history, which we can of course provide.
With interest rates predicted to go down further in the coming months, we are already seeing a spike in registrations for all sizes of property, with buyers hoping to exchange on their properties before the Stamp Duty increase deadline on March 31st.
If you are looking to sell your property in NW9, please get in touch. We believe our number one selling agent status on Rightmove and Zoopla speaks for abilities. We would be happy to give you a free market appraisal of your property in confidence; provide you with the latest sales prices and rents; and introduce you to some great deals.