Post on 30-Mar-2016
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LONDON PROPERTY
CITY, ISLINGTON & DOCKLANDS NOVEMBER 2012
Margarita time!Chill out above Upper Street
Bond is backSuper spy locations
Shard showcaseSpectacular views of iconic tower
REVIEW
DT City Cover Nov 2012.indd 1 24/10/2012 10:29
1savills.co.uk
Savills IslingtonPaul Williamspwilliams@savills.com
020 7226 1313
Guide £1.875 million Freehold
2 linked reception rooms ø tv/playroom ø children's den/storage roomø spacious kitchen/dining room ø master bedroom with en suite bathroom ø 4 further bedroomsø 2 bathrooms ø 2 cloakrooms ø rear garden ø 228 sq m (2,462 sq ft)
A TRULY STUNNING FAMILY HOME IN HIGHBURY CONSERVATION AREA sotheby road, n5
1savills.co.uk
Savills IslingtonPaul Williamspwilliams@savills.com
020 7226 1313
Guide £3.55 million Freehold
Drawing room ø dining room ø study ø family kitchen/dining room ø 6 bedroomsø family bathroom ø bathroom ø shower room ø cellar ø 295' rear gardenø 329 sq m (3,536 sq ft)
SUBSTANTIAL FAMILY HOUSE WITH AN EXCEPTIONAL GARDEN IN THIS PRIVATE ROADaberdeen park, n5
22
Savills output city November 2012.indd 2 24/10/2012 12:03
1savills.co.uk
Savills IslingtonPaul Williamspwilliams@savills.com
020 7226 1313
Guide £1.875 million Freehold
2 linked reception rooms ø tv/playroom ø children's den/storage roomø spacious kitchen/dining room ø master bedroom with en suite bathroom ø 4 further bedroomsø 2 bathrooms ø 2 cloakrooms ø rear garden ø 228 sq m (2,462 sq ft)
A TRULY STUNNING FAMILY HOME IN HIGHBURY CONSERVATION AREA sotheby road, n5
1savills.co.uk
Savills IslingtonPaul Williamspwilliams@savills.com
020 7226 1313
Guide £3.55 million Freehold
Drawing room ø dining room ø study ø family kitchen/dining room ø 6 bedroomsø family bathroom ø bathroom ø shower room ø cellar ø 295' rear gardenø 329 sq m (3,536 sq ft)
SUBSTANTIAL FAMILY HOUSE WITH AN EXCEPTIONAL GARDEN IN THIS PRIVATE ROADaberdeen park, n5
33
Savills output city November 2012.indd 3 24/10/2012 12:03
contents
NEWS AND FEATURES
12MARKET VIEW Moving down. Many are opting for a less grand
neighbourhood to avoid debt, suggests Robert Bailey.
12NEWS The new Notting Hill. Spitalfields is attracting City bankers
who want an easy commute, reports Cheryl Markosky.
13NEWS Bond locations. As Skyfall opens at a cinema near you, we spy on
a number of properties with links to 007.
14FINANCE Game changer. Lenders are reassessing their criteria on the
suitability of borrowers, says Duncan Farmer.
14FINANCE Confidence rises. Homeowners are expecting their home
values to increase as the domestic economy improves.
14BEST BUYS Fixed, discount or tracker – check out the facts, figures
and interest rates from our current top ten mortgages.
30NEW HOMES Olympic competition. The new East Village is aiming
to challenge the likes of Highbury and Hammersmith.
56
22
32 42
4
NOVEMBER
DT City Contents DPS.indd 1 24/10/2012 10:30
FOR SALE & TO RENT
32ISLINGTON, HIGHBURY, CANONBURY, BARNSBURY,
ANGEL Margarita time. Chill out with a cool cocktail next summer on this apartment’s roof terrace above the bars and restaurants of buzzing Upper Street.
42BLOOMSBURY, SHOREDITCH, CLERKENWELL, SPITALFIELDS,
MOORGATE, LONDON FIELDS Mon Plaisir. French cuisine and Georgian style are on the menu at a refurbished apartment occupying four floors above a historic Seven Dials restaurant.
56SHAD THAMES, WAPPING, ISLE OF DOGS, CANARY WHARF,
LONDON BRIDGE, BERMONDSEY, ROTHERHITHE Shard spectacular. A twelfth floor apartment in Borough has a wraparound balcony with amazing views of the iconic tower together with St Paul’s and the London Eye.
PUBLISHINGPublisher Richard Nugent 07964 384341 propertyreview@hotmail.com
EDITORIALEditor Bob Stonebridge 01536 330314cityeditorial@propertyreview.org.uk
Contributors Cheryl MarkoskyDuncan FarmerRobert Bailey
Cover Photo: © Mark Breck - www.shutterstock.com
DESIGN & PRODUCTION Caroline Nall 01536 418181city@typestart.co.ukTypestart Limited, 1 Rothwell Grange Court, Rothwell Road, Kettering, Northants NN16 8FBwww.typestart.co.uk
SUBSCRIPTIONS01536 330314 or subscriptions@propertyreview.org.uk
Property Review23a St James’s Street, London SW1A 1HG
© Copyright Property Review. No part of this magazine may be reproduced without the prior permission of the publishers. Property Review cannot be responsible for unsolicited material. All prices are correct at time of going to press but are subject to change.
LONDON prOperty
REVIEW30
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DT City Contents DPS.indd 2 24/10/2012 10:30
1 2
3 4
savills.co.uk
Guide £3,999,995 Leasehold
Reception room ø kitchenø 3 double bedrooms ø 3 bathroomsø 24hr concierge ø 187 sq m (2,010 sq ft)
NEO BANKSIDE, se1
Savills Docklands zjames@savills.com 020 7456 6800
Guide £1.55 million Freehold
3 reception rooms ø kitchen ø 5 bedroomsø 3 bathrooms ø gardenø 2 parking spacesø 255 sq m (2,740 sq ft)
STEPNEY GREEN, e1
Savills Docklands zjames@savills.com 020 7456 6800
Guide £749,000 Leasehold
Reception room ø kitchen ø 3 bedroomsø 2 bathrooms ø 2 protected parking spacesø private courtyard ø 106 sq m (1,140 sq ft)
ST JOHN'S COURT, e1w
Savills Docklands zjames@savills.com 020 7456 6800
Guide £375,000 Leasehold
Open plan kitchen/living room ø 1 bedroomø 1 bathroom ø parking ø conciergeø gated development ø 63 sq m (678 sq ft)
THE LISTED BUILDING, e1w
Savills Docklands zjames@savills.com 020 7456 6800
1 2
3 4
savills.co.uk
Guide £1.695 million Leasehold
2 reception rooms ø kitchen ø 3 bedroomsø 2 bathrooms ø 2 shower roomsø underground parking space ø conciergeø 224 sq m (2,415 sq ft)
DISCOVERY DOCK EAST, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £775,000 Leasehold
Reception room ø open plan kitchenø 2 bedrooms ø 2 bathrooms ø parkingø concierge ø dock viewsø 126 sq m (1,360 sq ft)
WEST INDIA QUAY, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £460,000 Leasehold
Reception room ø kitchen & separate dining roomø 2 double bedrooms ø 2 bathrooms ø balconyø garage parking ø porter ø 98 sq m (1,055 sq ft)
PIERHEAD LOCK, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £275,000 Leasehold
Reception room ø kitchen ø bedroom ø bathroomø parking space ø concierge ø 34 sq m (370 sq ft)
ONTARIO TOWER, e14
Savills Canary Wharf juprowse@savills.com 020 7456 68006
Savills output city November 2012.indd 6 24/10/2012 12:03
1 2
3 4
savills.co.uk
Guide £3,999,995 Leasehold
Reception room ø kitchenø 3 double bedrooms ø 3 bathroomsø 24hr concierge ø 187 sq m (2,010 sq ft)
NEO BANKSIDE, se1
Savills Docklands zjames@savills.com 020 7456 6800
Guide £1.55 million Freehold
3 reception rooms ø kitchen ø 5 bedroomsø 3 bathrooms ø gardenø 2 parking spacesø 255 sq m (2,740 sq ft)
STEPNEY GREEN, e1
Savills Docklands zjames@savills.com 020 7456 6800
Guide £749,000 Leasehold
Reception room ø kitchen ø 3 bedroomsø 2 bathrooms ø 2 protected parking spacesø private courtyard ø 106 sq m (1,140 sq ft)
ST JOHN'S COURT, e1w
Savills Docklands zjames@savills.com 020 7456 6800
Guide £375,000 Leasehold
Open plan kitchen/living room ø 1 bedroomø 1 bathroom ø parking ø conciergeø gated development ø 63 sq m (678 sq ft)
THE LISTED BUILDING, e1w
Savills Docklands zjames@savills.com 020 7456 6800
1 2
3 4
savills.co.uk
Guide £1.695 million Leasehold
2 reception rooms ø kitchen ø 3 bedroomsø 2 bathrooms ø 2 shower roomsø underground parking space ø conciergeø 224 sq m (2,415 sq ft)
DISCOVERY DOCK EAST, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £775,000 Leasehold
Reception room ø open plan kitchenø 2 bedrooms ø 2 bathrooms ø parkingø concierge ø dock viewsø 126 sq m (1,360 sq ft)
WEST INDIA QUAY, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £460,000 Leasehold
Reception room ø kitchen & separate dining roomø 2 double bedrooms ø 2 bathrooms ø balconyø garage parking ø porter ø 98 sq m (1,055 sq ft)
PIERHEAD LOCK, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £275,000 Leasehold
Reception room ø kitchen ø bedroom ø bathroomø parking space ø concierge ø 34 sq m (370 sq ft)
ONTARIO TOWER, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800 7
Savills output city November 2012.indd 7 24/10/2012 12:03
1 2
3 4
savills.co.uk
Guide £17.95 million Freehold
Magnificent river views ø Grade II* listedø 7 reception rooms ø 7 bedroomsø 7 bathrooms ø patio and roof terraceø 2/3 car garage ø 949 sq m (10,215 sq ft)
CHELSEA EMBANKMENT, sw3
Savills Sloane Street ndekeyzer@savills.com 020 7730 0822
Guide £2.3 million Leasehold
Incredible river views ø reception room ø kitchenø 3 bedrooms ø 2 bathrooms ø 3 balconiesø 2 secure parking spaces ø gym and swimmingpool ø concierge ø 193 sq m (2,077 sq ft)
MANDEL HOUSE, sw18
Savills Putney mheard@savills.com 020 8780 9900
Guide £1.35 million Leasehold
Breathtaking river views ø reception roomø kitchen ø 3 bedrooms ø 3 bathroomsø balcony ø 2 secure parking spacesø concierge ø 156 sq m (1,680 sq ft)
BERKELEY TOWER, e14
Savills Canary Wharf juprowse@savills.com 020 7456 6800
Guide £1.195 million Leasehold
Fabulous river views ø reception roomø kitchen ø 3 bedrooms ø 2 bathroomsø 2 balconies ø secure parking spaceø gym ø concierge ø 119 sq m (1,278 sq ft)
ENSIGN HOUSE, sw18
Savills Wandsworth rchatwin@savills.com 020 8877 1222
Savills,for those who live
the river
There are so many reasons to love the river. And so many reasons to live on it.
From the dreamy banks of Richmond, Barnes and Putney, to the vistas of Chiswick and Chelsea, the stylish developments of Fulham, Battersea and Vauxhall and the
dramatic skyline of historic Docklands and Canary Wharf – London waterfront property has an energy of its own.
Savills Waterfront comprises a team of experts from our 11 riverside offices across London with all the know how of the Thames-side market. In the last year alone,
£80 million of property was sold on the river through Savills and £1.8 million of rental income was achieved for our landlords.
If you’re thinking of buying, selling, renting or letting on the river, set sail with Savills.
savills.co.uk/waterfront
Savills WaterfrontSarah Gretton07967 555 850 sgretton@savills.com
Savills WaterfrontFran Moynihan07807 999 148fmoynihan@savills.com
SA64286 Property Review Waterfront WPB.indd 1 08/10/2012 17:15
8
Savills output city November 2012.indd 8 24/10/2012 15:37
Savills,for those who live
the river
There are so many reasons to love the river. And so many reasons to live on it.
From the dreamy banks of Richmond, Barnes and Putney, to the vistas of Chiswick and Chelsea, the stylish developments of Fulham, Battersea and Vauxhall and the
dramatic skyline of historic Docklands and Canary Wharf – London waterfront property has an energy of its own.
Savills Waterfront comprises a team of experts from our 11 riverside offices across London with all the know how of the Thames-side market. In the last year alone,
£80 million of property was sold on the river through Savills and £1.8 million of rental income was achieved for our landlords.
If you’re thinking of buying, selling, renting or letting on the river, set sail with Savills.
savills.co.uk/waterfront
Savills WaterfrontSarah Gretton07967 555 850 sgretton@savills.com
Savills WaterfrontFran Moynihan07807 999 148fmoynihan@savills.com
SA64286 Property Review Waterfront WPB.indd 1 08/10/2012 17:15
9
Savills output city November 2012.indd 9 24/10/2012 12:04
1savills.co.uk
Savills DocklandsBen Rogersbrodgers@savills.com
020 7456 6800
£595 - £2,000 per week Furnished or Unfurnished
A selection of modern luxury apartments available withing the spectacular new riversidedevelopment designed by award winning architects Rogers Strirk Harbour + Partners, located onthe Southbank adjacent to the Tate Gallery ø 1 - 3 bedrooms available ø views over Londonø excellent transport links ø 24hr porterage ø wine cellar
AWARD WINNING NEW DEVELOPMENTneo bankside, southbank, se1
10
1 2
3 4
savills.co.uk
£950 per week Furnished
3 bedrooms ø reception room ø 3 en suitebathrooms ø balcony with river views ø allocatedparking ø 24hr porterage ø communal gardens
EATON HOUSE, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£750 per week Furnished
2 bedrooms ø 2 bathrooms ø reception roomø balcony ø views of Canary Wharf and the riverø on site pool and gymnasium ø allocated parking
DISCOVERY DOCK, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£675 per week Furnished
2 bedrooms ø reception room ø 2 bathroomsø allocated parking ø excellent views towards theriver and Canary Wharf ø communal gardensø 24hr porterage
BERKELEY TOWER, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£535 per week Furnished
2 bedrooms ø reception room ø 2 bathroomsø private balcony ø direct river views ø residentsgym and pool ø communal gardens
NEW PROVIDENCE WHARF, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
Savills output city November 2012.indd 10 24/10/2012 12:04
1savills.co.uk
Savills DocklandsBen Rogersbrodgers@savills.com
020 7456 6800
£595 - £2,000 per week Furnished or Unfurnished
A selection of modern luxury apartments available withing the spectacular new riversidedevelopment designed by award winning architects Rogers Strirk Harbour + Partners, located onthe Southbank adjacent to the Tate Gallery ø 1 - 3 bedrooms available ø views over Londonø excellent transport links ø 24hr porterage ø wine cellar
AWARD WINNING NEW DEVELOPMENTneo bankside, southbank, se1
11
1 2
3 4
savills.co.uk
£950 per week Furnished
3 bedrooms ø reception room ø 3 en suitebathrooms ø balcony with river views ø allocatedparking ø 24hr porterage ø communal gardens
EATON HOUSE, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£750 per week Furnished
2 bedrooms ø 2 bathrooms ø reception roomø balcony ø views of Canary Wharf and the riverø on site pool and gymnasium ø allocated parking
DISCOVERY DOCK, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£675 per week Furnished
2 bedrooms ø reception room ø 2 bathroomsø allocated parking ø excellent views towards theriver and Canary Wharf ø communal gardensø 24hr porterage
BERKELEY TOWER, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
£535 per week Furnished
2 bedrooms ø reception room ø 2 bathroomsø private balcony ø direct river views ø residentsgym and pool ø communal gardens
NEW PROVIDENCE WHARF, e14
Savills Canary Wharf ssaul@savills.com 020 7531 2500
Savills output city November 2012.indd 11 24/10/2012 12:04
Spitalfields is the new Notting Hill
Cheryl Markosky brings you the latest word on the streetsForget the market stalls lining Portobello Road, Westbourne Grove’s achingly
hip boutiques, and the groovy bars round Golborne Road. Instead, head east to Spitalfields, dubbed by those in the know as the next Notting Hill.
Despite a slowdown in the market since the end of August due to the banks tightening lending again, Zak James from Savills Docklands office says he’s had over 200 enquiries for four ex-City of London Corporation flats he’s selling in Spitalfields.
“The apartments in a period Spitalfields Market building ranging from £360,000 to £735,000 are great value,” he explains. “The market’s on your doorstep and the original All Saints shop is right across the road. You’re in the heart of a hot spot that’s really buzzing.”
An area once very media driven, Spitalfields is now also attracting bankers who want to be close to Liverpool Street, and within an easy commute from Canary Wharf, while enjoying City life, James points out.
“We’re getting interest from a plethora of people, anybody and everyone from those wanting a pad in
the City close to work, to those with trust fund cash who can buy their offspring their first homes,” he adds. There are already offers on the table and James says he’d be surprised if he doesn’t achieve a good percentage above asking prices when the deals come to sealed bids.
Sarah Shelley at Knight Frank Wapping also regards Spitalfields as a flourishing and popular place. She recently sold a house there close to the asking price of £2.65 million, and now has on her books an interesting five-storey house built in 1754 for a prosperous Spitalfields silk weaver. Priced at £3.25 million, the 3600 sq ft house has been sensitively restored by the present owner, with original features such as fine panelling and cornices and a staircase on one side of the house, allowing space for one of the largest drawing rooms in the area.
“The drawing room is really very beautiful, and there’s a studio that was originally used to store bananas, reflected by the well-established banana tree in the garden,” says Shelley. “Also, on the top floor there’s a secret roof garden hidden from the street, but with views of Hawksmoor’s outstanding baroque Christ Church next door.”
Market viewMoving to less grand neighbourhoods to avoid debt could be the next big thing, says property finder Robert Bailey
I recently read an article about how consumer debt levels are changing. While the cost of living has actually gone down in recent months, people are still being prudent and paying down their debts rather than buying bigger houses, new cars or expensive holidays. In other words, the recession’s had a sobering effect, and even though people are being extended credit again, few are taking it.
Banks are also cautious about people over-leveraging themselves. Although lending is freeing up at the consumer end of the scale, this is certainly not the case at the top end of the market. Private banks simply cannot offer the deals they once did, as they are financing deals themselves rather than securitising the loans.
While banks might be willing to take the risk on a first-time buyer’s flat – and are certainly being encouraged to do so by the Government – few lenders are tempted to offer high value loans. Financing can still be arranged, of course, but the system’s reverting back to the way it used to be. Borrowers need to have a relationship with the bank, a proven track record and to securitise the loan with other assets.
Even in prime central London, attitudes are changing. I’m routinely seeing vendors in areas like Notting Hill and Mayfair who bought years ago, have seen substantial capital appreciation and are now seeking to make a so-called lateral move. Often they are moving from Notting Hill to places like Kensal Rise or Queen’s Park, where they can buy a house with similar proportions for a fraction of the price.
They sell the family home in prime central London and pocket the difference, thereby paying off their debts and securing their financial futures. Television presenter Nick Ross recently made headlines when he sold for over £35 million the Notting Hill home he bought with his wife in the early 1990s for less than £1 million. Who wouldn’t realise that kind of asset?
Much ado is made about gentrification and what will be ‘the next Notting Hill’, but more than improved public transport or private investment, I think one of the primary drivers for gentrification will be people’s desire to avoid debt. I think we’re going to see a lot more of these lateral moves over the next decade, so areas still located within central London with good housing stock and transport links will inevitably see the benefits.
Who knows? Maybe in a few years’ time, we’ll be talking about what will be ‘the next Hackney’?
www.robertbaileyproperty.com 020 7352 0899
12
LONDON PROPERTY
REVIEW
Spitalfields: Now attracting City bankers who want to be close to Liverpool Street station
DT News DPS.indd 1 24/10/2012 10:31
13
REVIEWLONDON PROPERTY
My home is my BondWith the latest James Bond blockbuster Skyfall now showing at a cinema near you, Savills has opened its books to reveal several London homes with 007-style links.
Canary Wharf, with great views of gleaming metal and glass towers, has two operatives in the field – a £1.55 million three-bedroom flat at Berkeley Tower and a three-bedroom penthouse at Eaton House, Canary Riverside, at £2.2 million. Here, Daniel Craig stripped off his tuxedo to swim in the pool, drink in the glitzy Martini bar, and this location also doubled up for scenes in Shanghai in Skyfall.
A furnished three-bedroom apartment to let for £4000 a week in Cadogan Square SW1 was totally replicated at Teddington Studios and used as M’s study. Also the former home of John Barry, composer of soundtracks for 12 of the James Bond films, this apartment is the ideal hideaway for a suave English gentleman (or gentlewoman).
Over in Albion Riverside, Battersea, a four-bedroom riverside penthouse at £14,500 a week has to be the ultimate secret agent bolthole. Bond-esque features in the Richard Foster-designed building include a state-of-the-art mechanized television that drops down from the ceiling.
Another seductive spy spot is Lavender House (advertised at £5250 a week) in Hampstead Village. Created by the late architect Richard Paxton as a modern home for himself, it’s constructed from steel, stone and glass around a double volume reception area with a sliding roof. There’s also a 39ft glass-sided indoor pool that’s overlooked by the master bedroom suite – a must for all 007 wannabes.
Lauren Ireland from Savills Canary Wharf who’s selling Berkeley Tower and Eaton House, says: “A lot of City boys have that fantasy that they’re living in a James Bond penthouse with great views of Canary Wharf, the City and the Thames.”
With developers all trying to outdo one another when it comes to manly Bond-type toys, Canary Wharf’s the place to be, she adds. “At Pan Peninsula, for instance, 007 would feel at home with the private cinema, cocktail lounge and spa. High-specification modern homes here have it all, from Gaggenau kitchens, toilets that flush when you swipe your hand over a panel, and glass between the bedroom and bathroom that frosts at the touch of a button.”
Cadogan Square: M’s study and the former home of Bond soundtrack composer John Barry
Eaton House: Daniel Craig swam in the pool at this Skyfall location.
Albion Riverside: Bond-esque features include a drop-down TV in the ceiling
Lavender House: contains a glass-sided indoor pool ideal for 007 wannabes
DT News DPS.indd 2 24/10/2012 10:31
Current Best Buy MortgagesSource: Charcol Ltd 0800 718191 www.charcol.co.uk Fixed Rates
14
LONDON PROPERTY
REVIEW
LENDERCURRENT
RATEUNTIL
GO TO RATE
THE OVERALL COST FOR
COMPARISON IS
MAX ADV
HIGHER LENDING CHARGE
EARLY REPAYMENT CHARGE (ERC)LENDER
FEE
LENDER EXIT FEE
NOTES
Abbey for Intermediaries 2.79% 2/11/14 4.74% 4.7% APR 60% None 3% + £250 to 2/11/14.
Can repay up to 10% p.a. ERC free. £995 £225Free valuation. On purchases £250 cashback; on remortgages free legal fees. Also available
at 2.99% up to 70% LTV.
Accord 3.19% 30/11/15 5.99% 5.7% APR 75% None 3% to 30/11/15. Can repay up to 10% p.a. ERC free. £995 £90
Free valuation fee up to £480. On purchases £250 cashback. On remortgages free legal fees. Also available at 3.09% with no freebies. Flexible.
NatWest 3.09% 31/10/17 4.00% 3.9% APR 60% None 5/4/3/2/1% to 31/10/17. Can repay up to 10% p.a. ERC free. £2,495 Nil
On remortgages free valuation and free legal fees. Also available at 3.69% with no
arrangement fee.
Newcastle 3.99% 31/12/17 5.99% 5.5% APR 80% None 5/4/3/2/1% to 31/12/17. Can repay up to £499p.m. ERC free. £995 £310
MONEY
Game changer Lenders revise their suitability rules, reports Duncan Farmer Residents of Strathmore Gardens in Kensington have spent more than £100,000 trying to stop a proposed
basement extension in what is thought to be London’s costliest neighbourhood planning row, according to a story in the Evening Standard.
The owner of the £7 million, five-storey house won planning permission to build the two-storey basement with swimming pool, multi-level carport, gallery and gym 18 months ago, but his neighbours have objected and the case has ended up in the courts.
The Government’s new planning rules, which are aimed at boosting the economy and encouraging families to extend their homes or convert their lofts, seem a million miles from this dispute.
For the rest of us, who choose to improve rather than move, or new owners who want to extend or renovate their recent purchase, there is a more pressing obstacle than the local planning inspector – finding the money to pay for it all.
“While it may be easier to get permission for such work, paying for it is another matter,” says Mark Harris, chief executive of SPF Private Clients, the mortgage broker. “Many homeowners simply won’t have enough in savings so will have to
approach their lender for further funds. However, rather than simply agreeing to a further advance, the lender is likely to underwrite the entire loan, including the existing mortgage, and reassess the borrower’s suitability.”
And that’s where the problem starts, because the criteria lenders use to assess a borrower’s ‘suitability’ have changed.
“If you are on an interest-only deal, for example, and your lender has reined back the maximum loan-to-value it is prepared to advance, you may have to convert some, or all, of your mortgage onto a repayment basis,” says Harris. “Or your lender may no longer take into account bonuses, which you rely on for a large part of your income, or your salary may have fallen so it no longer satisfies the lender.”
If you are one of the borrowers enjoying an extremely cheap legacy rate you may also find that your lender would prefer you to move all your borrowing onto a higher rate, not just the extra you are looking for to fund the building work. This is likely to be much more expensive, resulting in significantly higher monthly mortgage payments.
“The planning changes are good news but only if this is reflected in lenders’ desire to help,” says Harris. “As always, it is important to seek independent advice before making any decisions.”
Prices tipped to rise furtherHomeowners’ confidence in the value of their own home is rising, according to Knight Frank’s latest London House Price Sentiment Index.
The report shows that households in the capital are expecting the biggest price rises over the next year with a reading of 63.1 – up from 61.3 in August – and the index has proved in the past to be a good indicator of future market moves.
“Growing evidence of a rebound in the domestic economy since the second quarter and recent better news on the labour market have all helped to buoy sentiment in September, which could perhaps lead to further gains in the index in coming months,” says Chris Williamson, chief economist at Markit, which compiled the report.
DT Finance DPS.indd 1 24/10/2012 10:30
Variable Rates (Tracker & Discount Off SVR)
15
LONDON PROPERTY
REVIEW
LENDER CURRENT RATE
DISCOUNTAND TERM
GO TORATE
THE OVERALL COST FOR COMPARISON
IS
MAX ADV
HIGHER LENDING CHARGE
EARLY REPAYMENT CHARGE (ERC)
LENDER FEE
LENDER EXIT FEE NOTES
Woolwich 3.69% Bank Rate + 3.19% term N/A 3.7% APR 70% None
1% to 30/9/15 on full repayment. Unlimited ERC free part redemptions
allowed.£1,499 £275
Offset. On remortgages free valuation and free legal fees.
Droplock facility.
Mansfield 3.18% 2.41% discount off SVR for 3 years 5.59% 5.3% APR 80% None 3% for 3 years. Can repay up to
10% p.a. ERC free £999 £150 Valuation fee refund up to £400
Bank of China (UK) 3.18% Bank Rate +
2.68% for term N/A 3.3% APR 80% None1% in 1 year on full repayment.
Unlimited ERC free part redemptions allowed.
£1,245* £95On remortgages free legal fees. *Up to
£500,000. For loans up to £1m: £2,495: up to £1.5m: 0.5%; above £1.5m: 1%.
Hinckley & Rugby 3.79% 1.85% discount off
SVR for term N/A 3.8% APR 85% None Nil £1,090 £150 Offset. Free valuation.On remortgages free legal fees
Conference callThe annual conference of the Council of Mortgage Lenders, which kicks off later this month, is unlikely to set pulses racing, but it will bring together all the big hitters from the banks and building societies.
You might expect such a gathering would attract sponsorship from a high street name looking to grab a bit more business, but this year’s shindig is backed by a firm most of us have never heard of, and probably would not want to hear from.
Crown Mortgage Management has 135 staff at its Ipswich office and specialises in ‘servicing’ mortgages. In fact, according to its website, one of Crown’s real specialities is knocking on the doors of borrowers in arrears – and its knocks usually produce results: either the defaulter pays up or Crown takes them to court. And when Crown goes to court it usually wins.
It may seem an odd partner for the CML, especially at a time when the Government wants to see fewer repossessions in these austere times, but Crown is obviously eager to demonstrate its skills to a very influential audience.
Lending slowsThe Council of Mortgage Lenders estimates that gross mortgage lending in August was £12.6 billion. This is just one per cent lower than July’s gross lending figure of £12.7 billion and a four per cent fall from £13.1 billion in August 2011.
The Olympics is sure to have been a factor but CML chief economist Bob Pannell said that borrowing was higher than it had been earlier this year, although the figures were “far from strong”.
“We expect to see stronger take-up of the Government’s NewBuy initiative over the coming months, helped by a concerted marketing effort by builders and the recently launched Funding for Lending Scheme, which has prompted reductions in NewBuy mortgage rates. Both factors should stimulate buyer interest.”
DT Finance DPS.indd 2 24/10/2012 10:30
Bromfield Street, London N1 Development potential in the heart of Angel A period home now in need of complete refurbishment on the south side of Bromfield Street. The property will be sold by way of informal tender and subject to contract only. 6 Bedrooms, 2 Reception Rooms, 2 Bathrooms and a garden.
Approximately 188sq m (2024sq ft).
Freehold
Guide Price £1,150,000
Islington Sales islington@knightfrank.com 020 3657 7340
Property Review - Full Pg Bromfield - 10 October 2012 - 26609 24/10/2012 11:24:24
Princes Avenue, London N10 A substantial family home in the heart of Muswell Hill Set over three floors with split levels, this magnificent house has large proportions with the ground floor having a wonderful entrance hall, two/three reception rooms, kitchen and bathroom. Situated over the rest of the property are 8 Bedrooms, 3 Reception Rooms and 2 Bathrooms. This property also offers a large garden and private parking. Approximately 329 sq.m (3541 sq.ft)
Freehold
Guide Price £2,500,000
Islington Sales islington@knightfrank.com 020 3657 7340
LPR Full Pg - Princes Avenue - 16 October 2012 - 26849 16/10/2012 10:17:30
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Princes Avenue, London N10 A substantial family home in the heart of Muswell Hill Set over three floors with split levels, this magnificent house has large proportions with the ground floor having a wonderful entrance hall, two/three reception rooms, kitchen and bathroom. Situated over the rest of the property are 8 Bedrooms, 3 Reception Rooms and 2 Bathrooms. This property also offers a large garden and private parking. Approximately 329 sq.m (3541 sq.ft)
Freehold
Guide Price £2,500,000
Islington Sales islington@knightfrank.com 020 3657 7340
LPR Full Pg - Princes Avenue - 16 October 2012 - 26849 16/10/2012 10:17:30
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City Road, Islington EC1V
Newly refurbished apartment A newly refurbished two bedroom apartment situated on the ground floor of this period property. The apartment consists two large double bedrooms, one with en suite, and the other with access to a private courtyard, open plan kitchen and reception room, utility room and further bathroom. The property has been refurbished to a very high standard. Available part furnished or unfurnished
Guide price: £550 per week
Islington Lettings KnightFrank.co.uk/Islington IslingtonLettings@knightfrank.com 020 3641 5896
St Pancras Chambers, Kings Cross NW1
Grade 1 listed development Beautiful 629 sq foot one bedroom apartment set on the 2nd floor. This lovely apartment has been furnished to a high standard boasting extremely high ceilings, large windows, modern fitted kitchen, bathroom with shower and wooden floors. Furnished
Guide price: £575 per week
Islington Lettings KnightFrank.co.uk/Islington IslingtonLettings@knightfrank.com 020 3641 5896
Property Review November 2012 - 16 October 2012 - 26858 17/10/2012 15:16:19
St Johns Lane, Islington EC1M
Prestigious two bedroom loft apartment A superb two bedroom apartment set in this prestigious loft apartment building in the heart of Farringdon. The 1270sq. ft. apartment comprises of a vast open plan kitchen and reception room, two double bedrooms with superb storage, two bathrooms one being en suite to the Master Bedroom and a utility room. The property has been finished to a high specification and is available immediately.
Furnished or Unfurnished
Guide price: £975 per week
KnightFrank.co.uk/Islington islingtonlettings@knightfrank.com 020 3641 5896
Property Review November 2012 full page - 16 October 2012 - 26863 17/10/2012 15:18:35
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City Road, Islington EC1V
Newly refurbished apartment A newly refurbished two bedroom apartment situated on the ground floor of this period property. The apartment consists two large double bedrooms, one with en suite, and the other with access to a private courtyard, open plan kitchen and reception room, utility room and further bathroom. The property has been refurbished to a very high standard. Available part furnished or unfurnished
Guide price: £550 per week
Islington Lettings KnightFrank.co.uk/Islington IslingtonLettings@knightfrank.com 020 3641 5896
St Pancras Chambers, Kings Cross NW1
Grade 1 listed development Beautiful 629 sq foot one bedroom apartment set on the 2nd floor. This lovely apartment has been furnished to a high standard boasting extremely high ceilings, large windows, modern fitted kitchen, bathroom with shower and wooden floors. Furnished
Guide price: £575 per week
Islington Lettings KnightFrank.co.uk/Islington IslingtonLettings@knightfrank.com 020 3641 5896
Property Review November 2012 - 16 October 2012 - 26858 17/10/2012 15:16:19
St Johns Lane, Islington EC1M
Prestigious two bedroom loft apartment A superb two bedroom apartment set in this prestigious loft apartment building in the heart of Farringdon. The 1270sq. ft. apartment comprises of a vast open plan kitchen and reception room, two double bedrooms with superb storage, two bathrooms one being en suite to the Master Bedroom and a utility room. The property has been finished to a high specification and is available immediately.
Furnished or Unfurnished
Guide price: £975 per week
KnightFrank.co.uk/Islington islingtonlettings@knightfrank.com 020 3641 5896
Property Review November 2012 full page - 16 October 2012 - 26863 17/10/2012 15:18:35
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NEO Bankside, Southbank SE1
Brand new apartment On the sixth floor of the most recently completed phase of this award-winning development, a contemporary apartment. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), open-plan kitchen and reception room, wooden floors, comfort cooling, underfloor heating and 24 hour concierge. Approximately 76 sq m (818 sq ft). Furnished
Guide Price: £735 per week
KnightFrank.co.uk/Lettings wappinglettings@knightfrank.com 020 3641 5874
(ASP164960)
Sugar House, City Quarter E1
Duplex penthouse A fabulous apartment atop a grand converted Victorian building built by the Co-operative in 1887. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), reception room with open-plan kitchen opening onto a private roof terrace, ample storage, air conditioning, underground parking and porterage. Approximately 105 sq m (1,336 sq ft). Furnished
Guide Price: £850 per week
KnightFrank.co.uk/Lettings wappinglettings@knightfrank.com 020 3641 5874
(ASP141888)
LP Review - HP1 Nov 2012 - 16 October 2012 - 26897 17/10/2012 15:39:15
Bezier Apartments, City EC1Y A stunning apartment located in this outstanding development on the corner of Old Street and City Road. 1 bedroom, 1 bathroom, reception room, kitchen, porcelain flooring, underfloor heating and 24 hour porterage. Furnished Guide Price: £550 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Stockholm Way, Wapping E1W A well-located apartment in west Wapping close to St Katharine Docks and the Waitrose supermarket. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), reception room with dining area, open-plan kitchen and an underground parking space. Furnished Guide Price: £460 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Cormorant Lodge, St Katharine Docks E1W A lovely apartment in the impressive City Quay development with charming views across the Dock. 2 bedrooms, 2 bathrooms (1 en-suite), reception room with dining area opening onto a private terrace, 24 hour porterage and a car parking space. Furnished Guide Price: £695 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Times Square, City E1 A top floor apartment on the edge of the City moments from Tower Hill and Aldgate. 2 bedrooms, 2 luxury bathrooms, open-plan kitchen reception room, air conditioning, wooden floors, porterage and a private balcony. Furnished Guide Price: £495 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
LP Review QP2 Nov 2012 - 16 October 2012 - 26904 17/10/2012 15:42:54
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NEO Bankside, Southbank SE1
Brand new apartment On the sixth floor of the most recently completed phase of this award-winning development, a contemporary apartment. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), open-plan kitchen and reception room, wooden floors, comfort cooling, underfloor heating and 24 hour concierge. Approximately 76 sq m (818 sq ft). Furnished
Guide Price: £735 per week
KnightFrank.co.uk/Lettings wappinglettings@knightfrank.com 020 3641 5874
(ASP164960)
Sugar House, City Quarter E1
Duplex penthouse A fabulous apartment atop a grand converted Victorian building built by the Co-operative in 1887. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), reception room with open-plan kitchen opening onto a private roof terrace, ample storage, air conditioning, underground parking and porterage. Approximately 105 sq m (1,336 sq ft). Furnished
Guide Price: £850 per week
KnightFrank.co.uk/Lettings wappinglettings@knightfrank.com 020 3641 5874
(ASP141888)
LP Review - HP1 Nov 2012 - 16 October 2012 - 26897 17/10/2012 15:39:15
Bezier Apartments, City EC1Y A stunning apartment located in this outstanding development on the corner of Old Street and City Road. 1 bedroom, 1 bathroom, reception room, kitchen, porcelain flooring, underfloor heating and 24 hour porterage. Furnished Guide Price: £550 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Stockholm Way, Wapping E1W A well-located apartment in west Wapping close to St Katharine Docks and the Waitrose supermarket. 2 bedrooms, 2 bathrooms (1 en-suite to the master bedroom), reception room with dining area, open-plan kitchen and an underground parking space. Furnished Guide Price: £460 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Cormorant Lodge, St Katharine Docks E1W A lovely apartment in the impressive City Quay development with charming views across the Dock. 2 bedrooms, 2 bathrooms (1 en-suite), reception room with dining area opening onto a private terrace, 24 hour porterage and a car parking space. Furnished Guide Price: £695 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
Times Square, City E1 A top floor apartment on the edge of the City moments from Tower Hill and Aldgate. 2 bedrooms, 2 luxury bathrooms, open-plan kitchen reception room, air conditioning, wooden floors, porterage and a private balcony. Furnished Guide Price: £495 per week
KnightFrank.co.uk/Lettings 020 3641 5874 wappinglettings@knightfrank.com
LP Review QP2 Nov 2012 - 16 October 2012 - 26904 17/10/2012 15:42:54
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ArtHouse shows modern design in a new postcodeFirst residential building in the landmark King’s Cross regeneration project, ArtHouse sits between The Granary, home to Central Saint Martins College of Arts and Design, and Kings Place, which houses two galleries, two concert halls and newspaper offices.
The building is part of the new London postcode area N1C, and offers contemporary city living with Handyside Park, Granary Square, Regent’s Canal and excellent transport all on its doorstep.
Designed by architect dRMM, the building’s façade is dressed in terracotta tiles and polished stainless steel. Sliding louvres animate the ArtHouse face to meet residents’ shade and privacy needs. On the western elevation, private courtyards look out towards Handyside Park.
King’s Cross Central Limited Partnership and Kier Group agreed the contract to construct the £42m ArtHouse at the 67-acre King’s Cross development. The scheme features 143
high quality one, two, three and four-bed residential units over eight floors. There are commercial units at street level and 37 basement parking spaces.
Interior specialists Johnson Naylor designed the apartments, which have balconies and roof terraces looking out across Regent’s Canal south-west towards the West End, and south-east to St Paul’s Cathedral and the City.
Two two-bedroom flats, one on the sixth floor and the other on fourth, are currently for sale off-plan at ArtHouse, off York Way. Each has two bathrooms (one en suite), and an open plan fitted kitchen and reception area with south-facing balcony. Due for completion in November 2013, they offer natural oak flooring and integrated underfloor heating.
ArtHouse, King’s Cross N1C, (bottom right) £895,000 (sixth floor) and (bottom left) £865,000 (fourth floor), Knight Frank 020 3657 7340
“Sustainable and secure, with light-filled interiors and relaxing open spaces, ArtHouse apartments offer a great opportunity to buy into central London living”John Hopkins, Knight Frank
LONDON PROPERTY
REVIEW
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Hamptons Islington020 7717 5453
islington@hamptons-int.com
LEFT-HAND
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Mildmay Grove North, N1 Asking Price £299,950 LeaseholdA one bedroom maisonette positioned on the lower floor of this period property. Period conversion, lower ground floor, reception open planned/kitchen, double bedroom, bathroom, patio.
Belitha Villas, N1 Asking Price £765,000 Share of FreeholdA wonderful maisonette occupying the lower floor of this stunning Georgian villa. The property offers two bedrooms, separate kitchen, study area, bathroom & shared garden.
Sotheby Road, N5 Asking Price £725,000 FreeholdA split level apartment occupying the lion’s share of this beautiful Victorian house. Period conversion, character features, reception room, eat-in kitchen, 3 bedrooms, 2 bathrooms.
Harecourt Road, N1 Asking Price £899,950 LeaseholdA truly stunning apartment offering a wealth of charm and character. Internally the property is 1461 sqft and offers two bedrooms, reception room, kitchen & 60 ft rear garden .
Hamptons Islington Sales FP.indd 2 24/10/2012 12:47
Hamptons City020 7236 8398 city@hamptons-int.com
RIGHT-HAND
Bowling Green Lane EC1R £1,150,000 LeaseholdSet on the second floor of a former warehouse, this well presented and extremely bright three bedroom apartment makes the perfect home in the heart of Clerkenwell. With direct lift access into the flat, there is a very spacious reception/dining room with a contemporary open-plan kitchen. The far side of the room is filled with a bank of large windows which flood the room with light.
Martha’s Buildings EC1V £750,000 LeaseholdSet on the fourth floor of a converted office building, this well presented two bedroom apartment is exceptionally bright and offers excellent entertaining space, measuring over 900 sq feet. The ensuite bathroom has recently been refurbished with a large jacuzzi bath and separate shower, and there is an additional shower and guest WC. Located just north of the Square Mile, the apartment is ideal for anyone wanting easy access to work in the City, and would make a perfect home, pied-a-terre or rental investment.
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Hamptons Tower Bridge020 7407 3173
towerbridge@hamptons-int.com
RIGHT-HAND
Cardamom Building, Shad Thames, SE1 £1,295,000 Share of FreeholdA beautifully presented 1663 sq ft, two bedroom character warehouse conversion in the heart of Shad Thames overlooking a courtyard with porter services and protected parking. A variety of bars and restaurants are within walking distance, as is the City across Tower Bridge, there are also good transport links via London Bridge main line train station and underground (Jubilee and Northern line) and Tower Hill (Circle and District line)
Tea Trade Wharf, Shad Thames, SE1 £1,395,000 LeaseholdAn extremely rare opportunity to acquire a duplex penthouse apartment in Tea Trade Wharf; with two terraces, two bedrooms and river views to all principal rooms. The property also benefits from 24hr Concierge, use of gym and swimming pool and secure parking. Located in the heart of Shad Thames, a desirable location along the banks of the River Thames which is steeped in history and character.
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Hamptons Islington Lettings 020 7717 5455islingtonlettings@hamptons-int.com
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LEFT-HAND
Eden Grove, N7 Guide Price £350 per week (Long Let)This bright and generously proportioned one bedroom property with private balcony benefits from a 24/7 concierge service, gym facility and beautiful communal gardens.
Highbury Hill, N5 Guide Price £795 per week (Long Let)Fantastic three bedroom penthouse with accommodation over the third and fourth floors. Featuring a superb open plan reception to kitchen, two bathrooms and roof terrace.
Tysoe Street, EC1R Guide Price £625 per week (Long Let)Hampton’s are pleased to offer this spacious one bedroom property with feature living/dining room, private roof terrace and modern fixtures and fittings throughout.
Canonbury Road, N1 Guide Price £1095 per week (Long Let)Hampton’s are pleased to offer this stunning end of terrace family home, boasting high quality fixtures and fittings, a wealth of natural light and original features throughout.
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Alaska Building, SE1 £580 per weekFabulous two bed mezzanine duplex apartment in this popular warehouse conversion. Featuring wood flooring overlooking communal gardens.Hamptons Tower Bridge Lettings 020 7717 5491
Hatton Garden EC1 £2,000 per weekStunning three bedroom penthouse apartment offering almost 2000 sq ft of high spec living, floor to ceiling windows and roof terrace facing the City.Hamptons City Lettings 020 7717 5437
Elizabeth Square, SE16 £365 per weekLovely two bedroom first floor waterside apartment in this popular location in Rotherhithe with two bathrooms, separate kitchen and direct river views.Hamptons Tower Bridge Lettings 020 7717 5491
Scarborough Street E1 £425 per weekA newly refurbished one bedroom flat on the first floor of this period conversion designed and finished in a modern contemporary manner.Hamptons City Lettings 020 7717 5437
RIGHT-HAND
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29For sales call Felicity, Stacy, Colin and Elaine
Matching people to homes020 8299 3021 | roybrooks.co.uk
Camberwell Grove, Se5 £1,550,000Irresistible Georgian townhouse with self-contained flat and west facing, sub-tropical garden of around 60ft. Period features, beautiful additions and heaps of kerb appeal. Found on Camberwell’s most prestigious street and close to Zone 2 trains at Denmark Hill.
It’s had a thorough going over; this house is flawlessly presented from its top floor (four stories up) to the ample one bedroom flat in the basement. Find solid wood flooring, a chic contemporary kitchen (with heavy-duty freestanding stove and integrated wine cooler), fresh decor, solid marble fireplaces and sash windows fitted with bespoke Roman blinds.
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Perfect squareLondon Square Leonard Street is a cool new development of 42 cutting-edge apartments crowned by three penthouses designed by architects Allford Hall Monaghan Morris.
Featuring a show apartment by Suna Interior Design, the development is set in a quiet corner of EC2 off Great Eastern Street, close to Old Street tube, Silicon Roundabout and fashionable Hoxton Square.
Its facades combine sleek brickwork, high quality stone and elegant glazing. The eight-storey building’s southerly facade overlooks a private courtyard, and projecting balconies command fantastic views. The penthouses have dual-aspect panoramic outlooks towards the City skyline, Canary Wharf and beyond.
Apartment specifications include Sky+ and iPod docks with speakers
to all bedrooms and living areas. Combining contemporary and classic, interiors feature bespoke high-gloss kitchens by Siematic, Silestone worktops, hardwood flooring and Siemens appliances. Bathrooms have porcelain tiling, Duravit sanitary ware and LED feature lighting.
Rebecca Littler, London Square sales and marketing director, said: “Leonard Street is perfectly placed for City workers and creative professionals who want to be part of London’s brightest and most buzzing district. We are already receiving an astounding level of interest.”
London Square Leonard Street, City EC2, from £565,000 for a 690 sq ft one-bedroom apartment, London Square 0333 666 2535
Olympic competitionStratford’s new Olympic Park neighbourhood E20, with East Village at its heart, is forecast to become one of London’s most desirable postcodes when homes in the area are available in 2013.
A study by the Centre for Economics and Business Research (CEBR) assessed the fundamental features of the Olympic legacy district. CEBR analyst Osman Ismail said: “Our research indicates that, based on its unique combination of assets, E20 will compete with the likes of Hammersmith and Highbury.”
CEBR’s London Residential Fundamentals Index studied transport links, quality of life, local services, and employment opportunities. East Village will provide around 2800 homes, almost half ‘affordable’ and the rest for private rent.
LONDON PROPERTY
REVIEW
DT City New Homes.indd 1 24/10/2012 10:37
*Price correct at time of going to press. **Times approximate only. See tfl.gov.uk. Exterior & interior photography of Camberwell Grove is indicative only.
Final release of Four bedroom townhouses from £1,500,000*
Approx 2,800 sq ft of living space offering outstanding value at £536 per sq ft.
• Easy walking distance to Denmark Hill and Peckham Rye railway stations with direct links to central London in just 12 minutes**
• Will benefit from London Underground’s extension of the East London line to Denmark Hill, due for completion in 2012
• Enviable location: bars, restaurants cafés and high street stores within easy walking distance
• State of the art open plan kitchen and conservatory to selected plots
• Spectacular reception and family rooms on first floor
• Second floor devoted to a luxurious master suite
• 2 secure, gated underground parking spaces
• Excellent location for state & private schools, and close proximity to Dulwich college
Denmark Hill Peckham Rye 2 mins
Queens Road Peckham 6 mins
South Bermondsey7 mins
London Bridge12 mins total duration
Proud to be a member of the Berkeley Group of companies
The ideal locaTion For relaxed, modern ciTy living
Please contact us on 020 7708 5829Or email camberwellgrovesales@stgeorgesl.comwww.camberwell-grove.comShow Home open daily 10am – 6pm Camberwell Grove, Camberwell, London SE5 8RD
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If you enjoy your queen scallops lightly steamed with a coriander and soy dressing, or soft shell crab seasoned with mango salad, this is the apartment for you.
On the top two floors of a Victorian building on Islington’s Upper Street, the architect-designed loft-style home sits above XOXO Pan-Asian restaurant and cocktail bar. Try their Phad Mee noodles after a revitalising Singapore Sling.
Living space of almost 2140 sq ft on the second and third floors, topped by a roof garden, is also above Don Matteo’s coffee deli bar, the neighbouring La Forchetta ristorante and pizzeria, and Cuba Libre restaurant and bar. Or if you simply need to pick up a coffee on your way to work, there’s a Starbucks in the same Upper Street terrace.
Designed to maximise light and space, the three-bedroom apartment on Islington Green is a short walk from Angel tube station, and its 51ft paved roof garden serves superb 360-degree views of the London skyline, including the church spire of St Mary Islington.
The lower floor contains a huge reception space – four windows wide – leading through to the open plan kitchen and dining room. High-spec fixtures and fittings are mostly bespoke: the limestone bathrooms have stainless steel and mirror accents, and the streamlined kitchen has concrete and cherry wood finishes. Flooring is wide oak.
A third floor courtyard has a staircase up to the roof garden, which is planted with mature shrubs, trees and specimen conifers. Mix yourself a Singapore Sling and relax.
By Bob Stonebridge
Upper Street, Islington N1, £1.95m, Savills 020 7226 1313
“This stunning loft-style apartment has expansive living space on the top two floors of a Victorian building, and wonderful views from its roof garden”Jo-Anne Neighbour, Savills Islington
Margarita time on Upper Street roof
LONDON PROPERTY
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End-terrace house is redecorated Recently redecorated, a four-bedroom end-of-terrace house in De Beauvoir Road, Islington, has three floors of living space and a first floor roof terrace.
It offers almost 1300 sq ft of inside space that includes a large kitchen and dining room, a first floor reception room, and a bathroom and shower room. It also has an 81ft rear garden, an integral garage, and a parking space.
De Beauvoir Road, Islington, £1,095,000, Kinleigh Folkard & Hayward 020 3441 3419
NEW RIVERTwo garages and a south-facing garden belong to a Georgian semi-detached house in Canonbury Grove, part of the Canonbury conservation area.
The front of the property – on the Northampton Street corner – has views of New River Walk, which follows the course of the original New River. Four floors of living space include three bedrooms, three reception rooms, a kitchen and two bathrooms.
Canonbury Grove, Canonbury N1, £1,695,000, Carlton 020 7359 0000 Square open space
With less than 500 sq ft of living space, a furnished house to let in the Arlington conservation area can offer one bedroom, one bathroom, and one kitchen and reception room.
The bedroom and modern en suite bathroom are on the ground floor of the house on Arlington Square, and the open plan kitchen and reception is on the first floor, with stairs in the corner leading up to the roof.
Arlington Square is between Arlington Avenue and Linton Street in a series of no-through roads with little passing traffic. Nearest tube station is Angel, and you’ll also be handy for the shops bars and restaurants are on Upper Street.
Arlington Square, Islington N1, £435 a week furnished, Cluttons 020 7354 6666
LONDON PROPERTY
REVIEW
Highbury Fields for everNatural light from the triple-glazed south-facing windows streams into a high-tech house for sale at Nash Terrace, close to Highbury Fields and Highbury Barn.
Among the luxury fixtures and fittings are a white-gloss Bulthaup B3 kitchen with integrated Gaggenau appliances including a coffee machine, fridge-freezer and tall wine cooler.
The property overlooks the private garden and looks out onto the street. Its windows feature adjustable external blinds to provide protection from the hot summer sun. Emirates Stadium, home to Arsenal Football Club, is at the bottom of Aubert Park.
Nash Terrace, Aubert Park, Highbury N5, £1.95m, Hugh Grover 020 7226 1010
DT Islington.indd 3 24/10/2012 11:01
WHY CHOOSE HUGH GROVER ASSOCIATES
Call 020 3435 4656 and join over 5,000 homeowners that have
trusted Hugh Grover Associates to sell their home.
www.inhughwetrust.com
GREAT CUSTOMER SERVICE
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325 Upper Street London N1 2XQ
DPS_ADVERT_LonPropRev-63x260.indd 1 21/05/2012 11:48
Award siteRestoration and regeneration at Arundel Square, Islington, won a major honour in last year’s National Landscape Awards by the British Association of Landscape Industries (BALI).
The Landscape Group was a principal award winner for its impressive work on the project, featuring new trees to blend with the existing ones, pathways and park benches. “The resulting square is a delightful enhancement to the area, installed to an excellent finish and achieved through careful management and execution of a complex brief,” said the awards judges.
Renovation work was showcased at the official opening of the new gardens in April 2011. One of the homes to benefit from
the enhanced landscape is now for sale at Arundel Place, on the corner of Arundel Square.
Grade II listed, this classic flat-fronted home offers 2064 sq ft of flexible space on five storeys including five bedrooms, three receptions and three bathrooms. A lower ground floor bedroom opens out into the 37ft rear garden.
The current owner says: “This has been the perfect home for our young family, made even nicer with the renovations to the square. The community around Arundel Square is engaged and lively, and very welcoming to new families.”
Arundel Place, Islington N1, £1.75m, Hotblack Desiato 020 7226 0160
Enjoy solitude in rear gardenStone steps lead up to the pale-blue front door of a split-level maisonette in an end-of-terrace Victorian building in De Beauvoir.
The 1260 sq ft apartment in Englefield Road has sole use of an 85ft rear garden, which you can access through the side entrance, kitchen and one of the three bedrooms. The property also has off-street parking.
Living space includes a double reception room, modern kitchen, and shower room. The master bedroom has an en suite bathroom and a walk-in wardrobe. Englefield Road runs between Essex Road and Kingsland Road.
Englefield Road, De Beauvoir N1, £850,000, Hamptons 020 7226 4688
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H I G H B U R Y | I S L I N G T O N | C A M D E N
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Islington Office314 Upper StreetLondon N1 2XQ
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WITH OUR KNOWLEDGE YOU’LL HAVETHE HOME ADVANTAGE
H I G H B U R Y | I S L I N G T O N | C A M D E N
t 020 7228 9696e highbury.sales@hotblack.co.uke highbury.lettings@hotblack.co.uk
Highbury Office2 Highbury ParkLondon N5 2AB
t 020 7482 2894e camden.sales@hotblack.co.uke camden.lettings@hotblack.co.uk
Camden Office67 ParkwayLondon NW1 7PP
t 020 7226 0160e islington.sales@hotblack.co.uke islington.lettings@hotblack.co.uk
Islington Office314 Upper StreetLondon N1 2XQ
H O T B L A C K D E S I AT O.C O.UK
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Ingle Mews eC1A selection of Mews houses nr Myddelton square 999 year leases £695,000-£700,000
Angel n12 double bedroom apartment with unofficial roof terrace £625 per week
Hotblack output.indd 2 23/10/2012 15:31
SALES LETTINGS
Halton Road, N1A charming four floored Victorian house situated in this most central location within minutes of Upper Street
£1,100,000 Freehold
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SALES LETTINGS
Highbury Hill, N5Beautiful three bedroom family house with large private garden.
£750 per week
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020 7226 1010 sales
325 Upper Street, London, N1 2XQwww.hughgrover.co.uk
Nash Terrace, N5 Freehold £1,950,000
4 Bedrooms • 4 Bathrooms • Reception Room • Kitchen/Dining Room • Cloakroom • Media Room • 2 Roof Terraces • Front and Rear Gardens • High Tech Designs and Modern Fittings
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Hugh Grover DPS.indd 1 23/10/2012 15:30
020 7226 1010 sales
325 Upper Street, London, N1 2XQwww.hughgrover.co.uk
Orleston Mews, N72 Bedrooms
Northolme Road, N52 Bedrooms
St. Philip’s Way2 Bedrooms
Rosemary Street, N13/4 Bedrooms
Freehold
Share of Freehold
Freehold
Freehold
£495,000
£475,000
£925,000
£799,999
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Georgian style and French cuisine are on the menuA bar from a Lyonnais brothel is a legendary fixture at Mon Plaisir, revered as London’s oldest French restaurant, founded by brothers David and Jean Viala. General Charles de Gaulle, who became French President, dined here in 1942.
Standing in a cobbled street in the Seven Dials area, the establishment was acquired in 1972 by Alain Lhermitte, and the tradition of serving genuine French cuisine has continued there to this day. Lhermitte’s family even added more dining rooms so that more people could enjoy the gastronomic experience.
Today’s owners of Mon Plaisir, which is set in a Georgian building in Monmouth Street, also own an apartment that occupies four floors above their historic restaurant.
The refurbished 2664 sq ft property has plenty of original character on the
menu: wooden floors, sash windows, coving, exposed brickwork, and a feature fireplace. An impressive skylight floods the apartment with natural light.
It has a double-height reception room, and all three bedrooms have en suite bathrooms. Recently fitted, state-of-the-art home technology includes Lutron lighting, Uponor underfloor heating, Trident sprinkler system, video entry and alarm systems.
The property’s delights make it ideal for home entertaining, particularly after you’ve brushed up your cookery skills at one of the steak tartare masterclasses at Mon Plaisir below.
By Bob Stonebridge
Monmouth Street, Covent Garden WC2, guide price £3.9 million, Savills 020 7578 5100
“Situated in a historic Georgian building on a beautiful cobbled street in Seven Dials, this gorgeous apartment is the perfect home for entertaining”Claire Reynolds, Savills
LONDON PROPERTY
REVIEW
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Kings house fitted with modern technology A high-spec conversion has been newly completed at a large house in a quiet Bloomsbury mews to provide contemporary living space and high-tech home comforts on three levels.
Gas-powered underfloor heating will keep the house warm, the Siematic kitchen has Gaggenau appliances, and the bathrooms all have Italian marble and Hansgrohe Axor fittings.
A central media cupboard has an AV rack and Opus Master units, and there are multi-zone Opus ceiling speakers in the master bedroom, lounge, living room and kitchen. A multi-room video system throughout the house is operated by touchscreen controls.
Recently reduced in price to below the £2m mark,
the house in Kings Mews, close to Gray’s Inn Gardens, has Lutron lighting, Cat 5 cabling, and surround sound wiring, and the audio and video system can be controlled by iPad. It also has sealed-unit slimline double glazing, and a video entry system. Total living space is around 1830 sq ft.
Holborn and Chancery Lane tube stations are a short walk away, and you can also walk to King’s Cross and St Pancras International stations. Shop, eat and meet at the nearby Brunswick Centre.
Kings Mews, Bloomsbury WC1, £1,999,500, Callum Roberts 020 7242 9977
Temple home was built by St GeorgeTemple House is part of the luxury Whitefriars scheme built by development company St George between Fleet Street and the Thames.
Currently for sale at the Temple address is a two-bedroom apartment with high-spec fixtures, wood flooring, and a fully fitted kitchen, modern bathroom and en suite shower room. The reception room has a balcony and the property includes secure underground parking.
Serviced by a day porter, the apartments are set in two refurbished existing buildings – the other is Victoria House – and the elegant period façade has been retained. The location is ideal for both the City and West End.
Temple House, Whitefriars, Temple EC4, £740,000, Scott City 020 7600 0026
LONDON PROPERTY
REVIEW
DT Bloomsbury.indd 3 24/10/2012 10:39
Dig this studio at Shoreditch spaceDig up, dig down, redevelop into boutique apartments or convert into one superb residential freehold: that’s the rare opportunity at a building for sale in Shoreditch.
Or you could retain the current mixed commercial residential freehold at the property in Redchurch Street, one of the last low-level warehouses and an original artist’s studio with enormous potential. Total space is just under 3000 sq ft.
Redchurch Street, Shoreditch E2, £1,925,000, Space Station 020 7613 6262
Bowl into the CityA bank of large windows on the far side of the reception and dining room sends natural light flooding into an apartment on the second floor of a converted warehouse in Clerkenwell.
This room has wooden flooring and features an open plan contemporary kitchen. Total living space at the apartment is almost 1420 sq ft including three bedrooms, and the property includes a large bathroom with a multi-jet shower.
There’s direct lift access into the flat, and the entry hall could be used as a study. The property on Bowling Green Lane, close to the Square Mile, also offers plenty of built-in storage.
Bowling Green Lane is off Farringdon Road, south of the Roseberry Avenue junction, and is handy for all the shops, bars and restaurants around Clerkenwell Green and Exmouth Market. Nearby Farringdon station offers overground and underground rail services.
Agents say the apartment would be perfect as a pied-a-terre, or a home for a young family, or a professional person or couple wanting easy access into the City.
Bowling Green Lane, Clerkenwell EC1, £1.15m, Hamptons 020 7236 8398
LONDON PROPERTY
REVIEW
HIGH TECDelivering impressive views over the private gardens of Charterhouse Park, a one-bedroom apartment is to let in Florin Court, fictional home of TV detective Hercules Poirot.
The property has right of access into the gardens, and living space includes a fully fitted kitchen, study area, refitted bathroom, and wood flooring. You’ll have use of the development’s roof terrace (pictured), and basement leisure facilities including swimming pool, sauna and small gym.
Florin Court, Charterhouse Square, Clerkenwell EC1, £495 per week furnished, Scott City 020 7600 0026
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CurrellResidential
Visit us online
www.currell.com
Chapel Market, Angel, N1
• Fabulous two bedroom loft• 973 sq. ft. lateral space• Parking
£699,950 Leasehold Royle Building, N1
Capture this on your smart phone for the internet link
• Two bedroom garden flat• 1073 sq. ft. of lateral space
£950,000 Share of FreeholdWillow Bridge Road, N1
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• 225 sq. ft. private terrace• Overlooking Canal Basin
• Entire rear westerly facing garden• Premier location of Islington
Barnsbury Road, N1
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£450,000 LeaseholdChapel Market, Angel, N1
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• A big 713 sq. ft. one bedroom apartment• Highly popular position close to Angel Station
• High spec fitted kitchen and luxury bathroom• Good quality specification
Telephone
020 7226 4200
321 Upper Street Islington, London N1 2XQ
Islington
• Stunning upper maisonette• 1230 sq ft house over three storeys
• 2/3 bedrooms, two luxurious bathrooms• Private roof terrace
£1,299,950 Share of FreeholdBarnsbury Road, N1
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SHEPHERDESS BUILDING N1 £1350.00 PW MALLOW STREET EC1 £1200.00 PW
THESPACESTATION.CO.UK : +44 (0)20 7613 6262 THESPACESTATION.CO.UK : +44 (0)20 7613 6262
BY LONDON’S HIGH END AGENT
SHOREDITCH ORIGINALS . . .
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SHEPHERDESS BUILDING N1 £1350.00 PW MALLOW STREET EC1 £1200.00 PW
THESPACESTATION.CO.UK : +44 (0)20 7613 6262 THESPACESTATION.CO.UK : +44 (0)20 7613 6262
BY LONDON’S HIGH END AGENT
SHOREDITCH ORIGINALS . . .
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Islington
Cluttons Islington6 Camden Walk N1 8DY
020 7354 6666 islington@cluttons.comwww.cluttons.com
Currell Islington321 Upper Street Islington N1 2XQ
020 7226 4200 islington@currell.comwww.currell.com
Currell New HomesIslington House, 313 Upper Street, Islington N1 2XQ
020 7226 6611 newhomes@currell.comwww.currell.com
Chesterton Humberts327-329 Upper StreetIslington N1 2XQ
020 7359 9777 sales.islington@chestertonhumberts.comwww.chestertonhumberts.com
Hamptons Islington97-99 Upper Street Islington N1 0NP
020 7717 5103 islington@hamptons-int.comwww.hamptons.co.uk
Hugh Grover Associates325 Upper StreetIslington N1 2XQ
020 3435 4656 sales@hughgrover.co.ukwww.hughgrover.co.uk
Knight Frank353 Upper Street, Islington, London N1 0PD
020 3657 7340 islington@knightfrank.comwww.knightfrank.co.uk
Savills Islington94-96 Upper Street,London N1 0NP
020 7226 1313 islington@savills.comwww.savills.com
City
Bloomsbury Property 98 Gray’s Inn RoadWC1X 8AJ
020 7831 1191 info@bloomsburyprops.co.ukwww.bloomsburyprops.co.uk
BLOOMSBURY sPROPERTY SERVICES
Callum Roberts40 Theobalds RoadLondon WC1X 8NW
020 7242 9977 info@callumroberts.comwww.callumroberts.com
callum roberts
Currell Clerkenwell122/124 St John Street Clerkenwell EC1V 4JS
020 7226 6611 clerkenwell@currell.comwww.currell.com
Currell HackneyQuebec Wharf, 311-313 Kingsland Road, Hackney E8 4DL
020 7241 4111 hackney@currell.comwww.currell.com
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LONDON PROPERTY
REVIEW
citydirectory
City Directory DPS.indd 1 24/10/2012 11:36
Currell Victoria Park81 Lauriston Road Victoria Park E9 7HJ
020 3222 5555 victoriapark@currell.comwww.currell.com
Hamptons CityAldermary House, 15 Queen Street, London EC4N 1TX
020 7717 5293 city@hamptons-int.comwww.hamptons.co.uk
Docklands
Dawn SandovalResidential Ltd
020 7093 1702 dawn@dawnsandovalresidential.co.ukwww.dawnsandovalresidential.co.uk
FJ Lord4 Copper Row, Tower Bridge Piazza, Shad Thames SE1 2LH
020 7089 6490 shad.thames@fjlord.co.ukwww.fjlord.co.uk
Henry Wiltshire2 Laybourne House, Admirals Way london E14 9UH
020 7001 9160 kelly@henrywiltshire.co.ukwww.henrywiltshire.co.uk
Hamptons Tower Bridge41 Shad ThamesLondon SE1 2NJ
020 77175124 towerbridge@hamptons-int.comwww.hamptons.co.uk
Knight Frank1 Wapping High Street,London E1W 1BH
020 7480 6848 wapping@knightfrank.comwww.knightfrank.co.uk
Knight Frank18-19 Cabot Square, Canary Wharf, London E14 4QW
020 7512 9966 cwharf@knightfrank.comwww.knightfrank.co.uk
Landmark264 Westferry Road,London E14 3AG
020 7515 0800 info@lmlondon.comwww.lmlondon.com
Savills Canary Wharf4 Westferry Circus,London
020 7531 2500 canarywharf@savills.comwww.savills.com
Savills Docklands80 Wapping High Street,London
020 7456 6800 docklands@savills.comwww.savills.com
Winkworth Surrey QuaysSurrey Quays Shopping Centre SE16 7LL
020 7237 9119 surreyquays@winkworth.co.ukwww.winkworth.co.uk
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LONDON PROPERTY
REVIEW
Visit these agents for properties in the City, Islington and Docklands
City Directory DPS.indd 2 24/10/2012 11:36
©DDDDDD
1994
specialising in sales and lettings of london’s interesting, unusual, unique and one-off properties
since 1994.
lofts warehouse conversions live/work units penthouses artist studios contemporary
architecturally striking minimalist shell spaces art deco unconventional new developments
church/school/chapel conversions unusual unique
Myddelton Square, EC1 - £3,000 per week
A magnificent house of immense style and volume located on one of the corners of Myddelton Square, providing one of the largest private gardens in the whole area. Arranged over four floors and providing a phenomenal
Studio style Reception Room with lovely wooden floors, open-plan Dining area and Kitchen and opening onto the beautiful garden. There is a further double Reception Room currently used as a Study and Reading Room as well as another room used as an office. Two wonderful Bedroom suites along with two further Guest Bedrooms and
Guest Shower room and cloakroom.
DDDDDSSDSD
ell or let, you should be speaking to us
If you own anything similar to these properties, anywhere in London, any price level and are considering selling or letting, you should be talking to us.
0870 900 4050 info@uniquepropertycompany.co.uk
Holloway Loft, N7 – Authentic large 1 Bedroom Warehouse conversion - £495,000 Leasehold
Kings Cross Penthouse, N1 - £900 per week The Chandlery, Waterloo, SE1 - £1,350,000 L/hold
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Unique Prop output.indd 1 23/10/2012 16:04
©DDDDDD
1994
specialising in sales and lettings of london’s interesting, unusual, unique and one-off properties
since 1994.
lofts warehouse conversions live/work units penthouses artist studios contemporary
architecturally striking minimalist shell spaces art deco unconventional new developments
church/school/chapel conversions unusual unique
Myddelton Square, EC1 - £3,000 per week
A magnificent house of immense style and volume located on one of the corners of Myddelton Square, providing one of the largest private gardens in the whole area. Arranged over four floors and providing a phenomenal
Studio style Reception Room with lovely wooden floors, open-plan Dining area and Kitchen and opening onto the beautiful garden. There is a further double Reception Room currently used as a Study and Reading Room as well as another room used as an office. Two wonderful Bedroom suites along with two further Guest Bedrooms and
Guest Shower room and cloakroom.
DDDDDSSDSD
ell or let, you should be speaking to us
If you own anything similar to these properties, anywhere in London, any price level and are considering selling or letting, you should be talking to us.
0870 900 4050 info@uniquepropertycompany.co.uk
Holloway Loft, N7 – Authentic large 1 Bedroom Warehouse conversion - £495,000 Leasehold
Kings Cross Penthouse, N1 - £900 per week The Chandlery, Waterloo, SE1 - £1,350,000 L/hold
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54
no cars no boats no recipes
just property
www.londonpropertyreview.co.uk
Website Filler FP.indd 1 23/10/2012 16:07
specialists in property sales & lettings in the City of London
122 Newgate Street London EC1A 7AA +44 (0)20 7600 0026 www.scottcity.co.uk Email: property@scottcity.co.uk
Scott City FP_Layout 2 24/08/2011 14:59 Page 1
Cliffords inn, fetter lane eC4 £265,000Studio apartment, small kitchen, Bathroom, third floor, 24 hour porter, close to Temple and walking distance of Covent Garden.
Werna House, MonuMent eC3 £595,000Two bedroom, two bathrooms, wood flooring, fitted kitchen, day porter, close to Monument and London Bridge
teMple House, teMple eC4 £740,000Two bedroom, two bathroom, fitted kitchen, wood flooring, balcony, fourth floor, Day porter, secure underground parking.
florin Court, CHarterHouse square, eC1 £275 per WeekSmall style studio apartment, second floor, furnished. Recently repainted. Communal roof terrace, swimming pool and gym. Day porter. Available November.
Hosier lane, West sMitHfield, eC1 £395 per WeekOne bedroom apartment, furnished, third floor. Limestone bathroom, granite work surfaces. 24 hour concierge. Fitted kitchen. Wood flooring, available November.
defoe House, BarBiCan, eC2 £595 per WeekTwo bedroom apartment, fully furnished, refitted kitchen. Wood flooring, private balcony. Amazing views over private Barbican gardens. Available November.
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Scott City FP 1 23/10/2012 16:04
56
Looking out at the Shard, St Paul’s and St George’sThe golden weathervane on the classical church spire of St George the Martyr will tell you the wind direction, and the church clock below it will give you the time.
This historic church, said to be London’s first named after brave St George, is on view from the windows and wraparound balcony of a 12th floor apartment at Borough’s Empire Square West.
Among the other major London landmarks to look out for on the skyline in the sweeping 180-degree views from Empire Square are St Paul’s Cathedral, Canary Wharf tower, the Shard, and the London Eye.
The air-conditioned property has 783 sq ft of inside space that includes two bedrooms, two bathrooms, a reception room with floor-to-ceiling windows, and a separate kitchen. The apartment also has 24-hour concierge services,
underground parking, and no onward chain.
Attractions on the doorstep in this popular area of the South Bank include Borough Market, the Tate Modern, Southwark Cathedral, the Golden Hinde, and Clink Prison. Nearby Vinopolis offers three acres of wine, food and specialist events.
For those not inclined to walk over a bridge into the City, transport options include London Bridge main line station and tube (Jubilee and Northern Lines), Borough Station (Northern Line), and the boat services at Bankside and London Bridge.
By Bob Stonebridge
Empire Square West, Empire Square, Long Lane, Borough SE1, £825,000, Hamptons 020 7407 3173
“This stunning twelfth floor two-bedroom apartment has views of London’s most prominent landmarks including St Paul’s, the Shard, Canary Wharf and the London Eye”Helen Penfold, Hamptons
LONDON PROPERTY
REVIEW
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Wharf penthouseA split-level penthouse in a warehouse development on Shad Thames has exposed brickwork, a south-facing terrace and secure parking.
Take the lift or stairs to the fifth floor at Dockhead Wharf, and an entrance hall leads to all main rooms, including the 21ft reception with multi-paned windows at the front, double-height ceiling, and dark cherry wood floor. The fully fitted kitchen has a tiled floor.
A dining room or bedroom two has multi-paned windows with superb views towards the Shard, and there’s
also a bathroom suite on this floor.On the upper level, bedroom one –
which could also serve as a reception room – has sliding doors that lead out onto the private terrace with wooden decking. The bedroom also has a half-moon window with Shard views, low-voltage down-lights, and an en suite bathroom.
Dockhead Wharf, Shad Thames SE1, £799,950, Felicity J Lord 020 7089 6490
Multiple mezzaninesDouble-height ceilings allowed mezzanine areas to be created in the main rooms of a warehouse apartment at La Gare, a gated development at a former printing factory.
The first floor apartment in Surrey Row, Southwark, has plenty of natural light from the huge warehouse windows, and a large loft storage area. The reception area has a mezzanine office above, and the fitted kitchen with integrated appliances has another mezzanine level.
There are two double bedrooms, and the master bedroom features a galleried sleeping area above, en suite shower room, and built-in wardrobes. The development offers secure parking and a private gym for residents.
La Gare, Surrey Row, Southwark SE1, £799,950, Field & Sons 0207 234 9633
LONDON PROPERTY
REVIEW
DT Docklands.indd 3 24/10/2012 10:44
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OPEN PLANOffering almost 1400 sq ft of inside space, a three-bedroom house in Surrey Quays features an open plan kitchen and living area and two balconies.
The home in Plough Way, south of Greenland Dock, also has allocated secure parking. Surrey Quays shopping centre and tube station are nearby.
Plough Way, Surrey Quays SE16, £495,000, Kinleigh Folkard & Hayward 020 3280 3552
Viewing galleryA semi-circular terrace and viewing gallery gives uninterrupted views across the Thames towards the City skyline at a sub-penthouse in the Millennium Harbour gated development.
The 2120 sq ft apartment on the eighth floor of the Pierpoint Building includes a generous reception, with plenty of room for dining, leading out to the covered balcony. All four bedrooms have river views and Juliet balconies, and there are three bathrooms and a guest cloakroom.
A fitted kitchen diner delivers more views and another Juliet balcony, and there’s a separate utility room and a hallway storage cupboard. Walking distance from Canary Wharf, the development offers 24-hour concierge services, and leisure facilities including a gym, Jacuzzi, steam room and sauna.
Pierpoint Building, Millennium Harbour, Westferry Road, Canary Wharf E14, £1.45m, Holland Properties 020 7538 5554
Waterloo sunset in rear gardenA two-bedroom flat in Whittlesey Street, Waterloo, is set on the ground floor of a small period block, not far from Waterloo Station. Said to be ‘in superb condition throughout’, the property includes a reception, separate kitchen and rear garden.
Whittlesey Street, Waterloo SE1, £635,000, Field & Sons 0207 234 9633
Basin street heavenNext to the picturesque Hermitage Basin, a recently renovated three-bedroom house to let in west Wapping is offering state-of-the-art fixtures and fittings.
The property on Thomas More Street includes a fitted kitchen, reception room with basin views, two new bathrooms and a guest cloakroom. It has wooden flooring as well as a garage, communal parking area, and private garden.
Thomas More Street, Wapping E1W, £825 per week furnished, Knight Frank 020 7480 6848
LONDON PROPERTY
REVIEW
DT Docklands.indd 4 24/10/2012 11:39
FIELD & SONSSurveyors, Valuers & Estate Agents
Est. 1804
www.fieldandsons.co.uk
Borough Office020 7407 1375
Tower Bridge Road, SE1 1 bedroom, 3rd floor flat in a modern development. This flat has good sized rooms throughout, located at the rear of the building. £289,500
Empire Square South, SE1 1 bedroom, 6th floor apartment within a smart development. Quality finish throughout with views over the City of London. £355,000
Kingsley Flats, Old Kent Road, SE1 This charming 1 bedroom, 3rd floor flat within a period ‘Peabody Trust’ building, set back in a quiet courtyard. £199,950
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Waterloo Road, SE1 2 bedroom split-level penthouse in a stylish warehouse conversion. This impressive apartment extends to over 1600 sq ft.. £1,175,000
Whittlesey Street, SE1 2 bedroom, ground floor flat located in a conservation area of unique period charm, one of the area’s most sought after locations. £650,000
Isaac Way, SE1 2 bedroom, 4th floor apartment. Spacious apartment within a secure private development, close to Borough tube station. £625,000
Field Sales DPS.indd 1 25/10/2012 10:55
FIELD & SONSSurveyors, Valuers & Estate Agents
Est. 1804
www.fieldandsons.co.uk
Shad Thames Office020 7403 8571
Sidney House, SE1 Spacious split-level 1 bedroom apartment on Abbey Street, SE1. Within an easy walk of both Bermondsey Street and London Bridge stations. Long leasehold. £349,950
Tea Trade Wharf, SE1 2 bedroom apartment. Offered furnished and available now, this flat benefits from river views, private balcony and 24 hour concierge. £725 per week
Butlers and Colonial Wharf, SE1 Beautiful 1 bed apartment comprising bedroom, bathroom and open plan kitchen/reception. Available furnished immediately. £400 per week
Providence Square, SE1 Lovely 2 bedroom apartment boasting dual aspect views from the sitting room. Two bedrooms, bathroom, kitchen, reception, gardens and balcony. £599,950
Providence Square, SE1 Excellent 2 bedroom property offering in excess of 1,000 sq ft. Beautiful westerly views to the Thames and City. Long leasehold. £779,950
Cinnamon Wharf, SE1 Spacious two bedroom apartment offering in excess of 1,200 sq ft. Large balcony with direct views over St Saviours Dock. Available furnished immediately. £775 per week
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Field Sales DPS.indd 2 25/10/2012 10:55
www.fieldandsons.co.uk
BoroughOffice020 7234 9633
KenningtonOffice020 7840 0666
Shad ThamesOffice020 7403 8571
City & East LondonOffice020 7790 9832
62
New Globe Walk, Bankside, SE1 Stylish 2 bedroom apartment. Stunning front facing warehouse conversion, bright & airy and extends to around 1000 sq ft, situated opposite the Globe Theatre. Available furnished. £695 per week
La Gare, Surrey Row, SE1 Extremely spacious 2/3 bedroom live/work apartment, arranged over 3 floors of a warehouse conversion. Furnished and available 7th November (earlier by negotiation). £650 per week
Anchor Brewhouse Situated on the 3rd floor of the prestigious Anchor Brewhouse development in Shad Thames is this exceptionally spacious 1 bed apartment. Offered unfurnished from late October 2012. £600 per week
Java Wharf, Shad Thames SE1 Beautifully appointed 2 bedroom apartment in a sought-after development. Offering excellent accommodation in excess of 1,300 sq ft, furnished. Secure parking. Available November 2012. £850 per week
Princes Court, Surrey Quays SE16 Maisonette in a private development. Reception room with balcony, separate kitchen, shower room, two double bedrooms, en-suite bathroom and mezzanine area. Furnished. £430 per week
Caspian Apartments, Limehouse E14 Fourth floor of a new private development. Reception with open plan kitchen, double bedroom, bathroom and balcony with city views. Furnished. £320 per week
BOROUGH OFFICE
CITY & EAST LONDON OFFICE
SHAD THAMES OFFICE
FIELD & SONSSurveyors, Valuers & Estate Agents
Est. 1804
Field Lettings DPS.indd 1 25/10/2012 10:56
www.fieldandsons.co.uk
City & East LondonOffice020 7790 9832
BoroughOffice020 7234 9633
KenningtonOffice020 7840 0666
Shad ThamesOffice020 7403 8571
City & East LondonOffice020 7790 9832
63
Theatre View, Short Street, SE1 Fabulous 2 bedroom, 2 bathroom, 3rd floor apartment close to the Young Vic theatre and the many bars and restaurants of The Cut. 904 Sq Ft. Unfurnished. Available now. £520 per week
Empire Square West, SE1 Spacious 1 double bedroom apartment on the 8th floor with a large reception room/open plan kitchen, floor to ceiling windows and wrap-around balcony.Offered furnished, from 18th November. £440 per week
Cinnamon Wharf Stunning 7th floor apartment with approximately 1,320 sq ft of open plan living space offering direct views over St Saviour’s Dock toward Canary Wharf. Furnished. Available now. £775 per week
Felton Hall House, George Row, SE16 Brand new 2 bed apartment. Offering 2 bedrooms, modern bathroom and spacious open-plan kitchen/reception. Available furnished immediately. £500 per week
Archers Lodge, Bermondsey SE16 Second floor of a private development and comprises reception room with Juliet balcony, separate kitchen, double bedroom and bathroom. On street parking. Furnished. £230 per week
Princes Court, Surrey Quays SE16 Situated on the top floor of a private development. Reception room, double bedroom, separate kitchen and bathroom, master bedroom with balcony. Furnished. £430 per week
FIELD & SONSSurveyors, Valuers & Estate Agents
Est. 1804
Field Lettings DPS.indd 2 25/10/2012 10:56
Key Inventories can be contacted at 1a Rotherhithe New Rd, London, SE16 2AH
T: 020 3434 0050 • F: 020 3434 0051 • E: enquiries@keyinventories.com
www.keyinventories.com
(020) 3434 0050
Why choose us?q We are up to 20% cheaper than most of our
competitors
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q No additional costs for digital photographs
q No additional costs for copy reports by email
q No extra charges for additional rooms e.g. en suite bathrooms
q Free updates for existing reports created by Key Inventories
The importance of an inventoryFollowing the legislation introduced in April 2007 it has never been more important to use professional inventory services to safeguard both your property and tenancy deposit.
An inventory will ensure the condition of the property and all its contents are recorded accurately at both check-in and check-out, therefore reducing the possibility of any dispute over missing or damaged items between Landlord and Tenant. Feeling protected with an inventory is a contributing factor to a stress free tenancy and our services will offer you that protection.
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Who are you?
We are an independent inventory company providing impartial property inventories to estate agents and landlords alike.
Where is your office?
Our office is located in the High Street in Surrey Quays, London.
Why use Key Inventories?
We are a reliable and professional company giving you peace of mind knowing you have an accurate, thorough and detailed inventory for your property. Full members and regulated by the AIIC (Association of Independent Inventory Clerks) you can be assured that our inventories are to a high standard.
What is different about your reports?
Our reports are precise, clear and easy to read. We don’t use abbreviations, just plain English.
Do you include photos?
Yes. All our reports have multiple photographs showing general shots or photos of damage if necessary.
What areas do you cover?
Our office is based in Rotherhithe and can therefore service most parts of London. Please call us for more information.
Can you arrange appointments at short notice?
Yes. We will try to cater for appointments at short notice wherever possible.
How do we book and inventory?Please call or email us to book an inventory. We provide our
regular clients and agents a bespoke web page form to fill in
and submit. This allows a fast and effective way of booking
an inventory.
Do you charge VAT?
At present we do not charge VAT. This makes our prices
transparent and even more competitive.
Are your rates negotiable?
We pride ourselves in being extremely
competitive when it comes to pricing our
quality reports. We are happy to discuss
our prices with agents and landlords with
large portfolios.
How do I receive my inventory?
We are striving to be an eco-friendly company
and email our reports in a printable PDF
format. This eliminates reports being lost in
the post and will reach you more quickly.
How quick do I receive my report?
You should receive your report within 48 working hours.
I have long standing tenants. Do you cater for mid-term inspections?
Yes. This is the best way to assess the condition of your property
over long tenancies. We will carry out a schedule of condition
report for mid-term inspections so that you can assess the
condition of your property periodically.
The key to successOften overlooked, a great inventory service can make all the difference.We take a look at the competitive service Key Inventories have to offer...
Key Inventories can be contacted at 1a Rotherhithe New Rd, London, SE16 2AH
T: 020 3434 0050 • F: 020 3434 0051 • E: enquiries@keyinventories.com
www.keyinventories.com
...we do not charge VAT.
This makes our prices transparent
and even more competitive.
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docklands.sales@eu.jll.com
020 7715 9700joneslanglasalle.co.uk
11 Westferry Circus, Canary Wharf, London E14 4HD66
Pan Peninsula, London, E14
A two bedroom, two bathroom south east facing, 29th floor luxury apartment with parking presented in immaculate condition. The development has 24hr concierge, gym and spa facilities situated next to South Quay DLR station and close to Canary Wharf DLR/Jubilee Line.
£675,000 Leasehold
Canary Riverside, London, E14
Located in the exclusive Canary Riverside development this 1200sqft two double bedroom apartment offers stunning views across Canary Wharf and the River Thames. The apartment has river facing balcony, two bathrooms, parking space and is offered chain free.
£795,000 Leasehold
JLL DPS.indd 1 23/10/2012 15:32
docklands.sales@eu.jll.com
020 7715 9700joneslanglasalle.co.uk
11 Westferry Circus, Canary Wharf, London E14 4HD 67
Shepherd Court, E14 £280pw• Onebedroom• Groundfloor• Hugestorage• 12minsCanaryWharf
Hamilton House, E14 £450pw• Twobed/twobath• CanalViews• Allocatedparking• LimehouseDLR
St Davids Square, E14 £425pw• Twobed,twobath• Fifthfloorviews• Gym,Pool&Concierge• IslandGardensDLR
Werner Court, E3 £350pw• Twobed,twobath• Thirdfloor• CommunalRoofterrace• LangdonParkDLR
Belgrave Court, E14 £1400pw• Threebeds/twobath• Breathtakingriverviews• Allocatedparking• 24hrconcierge
Eaton House, E14 £450pw• Onebedroom• Riverviews• Prestigiousdevelopment• CanaryWharfDLR
Cyclops Wharf, E14 £320pw• Onebedroom• Populardevelopment• Gym,pool&concierge• MudchuteDLR
Boardwalk Place, E14 £650pw• Twobed/twobath• Penthouseapartment• Dualaspectviews• 24hrConciergeandparking
Pierhead Lock, E14 £445pw• Twobed/twobath• Separatekitchen• Allocatedparking• SouthQuayDLR
JLL DPS.indd 2 23/10/2012 15:32