Q4 16 LONDON PROPERTY & LIFESTYLE MAGAZINE
NAVIGATING YOUR WAY IN THE POST BREXIT MARKET TURBULENT TIMES FOR LONDON’S EVERGREEN PROPERTY MARKET
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CONTENTS
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Property journalist Marc da Silva shares his views on the current market landscape, highlighting that the UK property market has proved to be resilient amidst political and economic complications.
Rental prices have taken a tumble in Fulham since ‘Brexit’, leaving Landlords wondering why they’re struggling to achieve the same rent as last year. We examine the forces behind this perfect storm.
With the ‘Brexit’ result a summer behind us, we look at what’s come out of the various property statistics. It seems the Fulham property market is resilient but is it still too early to tell?
24 MORTGAGE UPDATE
34 HOME TECH
The BoE has cut rates to the lowest level ever. We consider what impact this is likely to have for UK mortgage borrowers.
Make your life a whole lot easier with the latest gadgets, for peace of mind... or just for the coolness of it.
MARKET COMMENT
LANDLORD’S GUIDE
SELLER’S GUIDE 03 brik.co.uk
38 SHOWCASE Highlighting recent renovations and refurbishments carried out by London’s finest developers and designers.
12 BRIKOLAGE
14 MENTANA HOUSE A bright and sunny remodeled house in Montreal featuring a massive skylight and extensive use of wood.
22 PRETTY LITTLE THINGS
18 TRENDSPOTTING
32 SPLASHING OUT
Interior designer Rowena Vaughan delves into current trends in furniture and picks out some perfect pieces for your home.
Interior designers Magenta Pink offer a stylish selection of bathroom fittings and fixtures, ranging from minimalist to ornate.
42 PROPERTY GALLERY
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CONTRIBUTORS
MARC DA SILVA Property Journalist
EDWARD CHECKLEY Partner, Private Finance
Josh Woodfin is a writer and editor with nearly 10 years experience including credits with the Guardian, House, Esquire, and numerous other high-profile magazines and websites. His interests include antique maps, cooking with fish, and post-apocalyptic thrillers. He once beat Usain Bolt in a race... with an 80-meter head start.
Property journalist, Marc Da Silva, has an encyclopedic knowledge of all things property having written for a range of publications, including the Daily Mail, Daily Express, Sunday Business Post and A Place in the Sun, amongst others.
Edward has worked in the mortgage industry for almost ten years. When it comes to finance he’s seen it all. Everything from high-street banks and building societies, to offshore lenders and bridging finance. So when it comes to knowing what’s happening in the world of money he’s a good place to start.
KATE THORNSTON Magenta Pink Interiors
VERONICA LUCEY Magenta Pink Interiors
ROWENA VAUGHAN RJV Designs
Kate Thornton is a partner at Magentapink Interiors. She formerly worked in a Barristers’ Chambers but having renovated several houses of her own decided to re-train and set up Magentapink Interiors in 2010 with friend and business partner Veronica Lucey.
Veronica Lucey is a partner at Magenta Pink Interiors, a Fulham based interior design studio. She previously worked in advertising but decided to follow her passion for interiors and changed careers in 2010 setting up Magenta Pink Interiors with friend and business partner Kate Thornton.
Rowena studied interior design at London’s prestigious Chelsea School of Art (UAL). She has over 20 years experience refurbishing everything from a simple residential bathroom to the Crockfords Casino Mayfair.
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JOSH WOODFIN Journalist
PRADO settee with cushion & EVERY WHERE sideboard. Design: Christian Werner. LUMIÈRE NOIRE floor lamps. Design: Philippe Nigro.
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PROPERTY MARKET
MARKET COMMENT Planning for the future in an unpredictable market.
WORDS
MARC DA SILVA Property Journalist
Soon after, it was reported that the UK’s economy was contracting at a quarterly rate of 0.4% - the fastest pace since 2009 – according to Markit’s PMI report. However, recent results in the economy now show that consumer spending was up 5.9% in July on the year. Unemployment is at the lowest level since 2005 at 4.9%, and credit ratings agency Moody’s are now predicting that, although the economy will slow down, it won’t enter recession as previously thought. But what has been the impact of the Brexit vote on the housing market so far, and what is likely to happen moving forward?
With many would-be buyers opting to sit tight to see what the economic and social impact of Brexit will be, the volume of property sales across the capital has fallen, although the introduction of higher stamp duty costs for buy-to-let investors and those acquiring second homes at the start of April has also contributed to the slowdown. Simon Rubinsohn, RICS chief economist, commented: “Big events such as elections typically do unsettle markets, so it is no surprise that the EU referendum has been associated with a downturn in activity.” Many analysts believe that London’s housing market was always likely to slow during the
second quarter of the year, but the process has been sped up as a consequence of the decision in favour of Brexit. “The headwinds that were facing the London market in the lead up to the EU referendum have intensified on the back of the vote to leave and are resulting in slower sales rates,” said Richard Donnell, insight director at Hometrack.
“Property transactions have so far proved to be more resilient than some had expected.” However, while the Bank of England’s regional agents’ survey also shows that there has been a dip in housing market activity following 23rd June amid a new norm in market dynamics, underpinned by the ongoing unknowns, property transactions have so far proved to be more resilient than some had expected. So what impact has the slowdown had on house prices?
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Britain’s decision to leave the European Union surprised many people. Within hours of the votes being counted, global markets plunged, David Cameron had resigned as Prime Minister, and sterling crumbled to a 31-year low against the dollar.
TRANSACTIONS Post-Brexit jitters contributed to almost one in ten home sales falling through in London within the first fortnight of the EU vote, while buyer demand dropped to an eight-year low, according to the Royal Institution of Chartered Surveyors (RICS).
DON’T GET LOST With a deluge of information available it’s easy to make of it what you want. Put it into perspective, by looking back at historic price growth it’s simpler to see where we’ve been and where we’re going.
WIN WIN Take a chance. Recent sporting successes have no doubt helped cement Great Britain’s international reputation. Buying now could be a short cut up the property ladder as sellers lose their nerve.
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IT PAYS TO BE PERSISTENT The uncertainty in the market has led to lower offers across both sales and lettings. Keeping a cool head and being persistent in continuing your negotiation is more likely to yield the result you’re looking for.
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WHICH WAY NOW? Post Brexit predictions all suggested that prices and the economy would take a beating. However it seems that the economy has been more resilient than expected. Proceed, but with caution, could be the best action.
PROPERTY MARKET
HOUSE PRICES Residential property prices were at the forefront of the EU debate in the run-up to the referendum, with the now former Chancellor George Osborne claiming that the value of homes in the UK could fall by up to 18%, or more than £50,000, within two years of the Brexit vote. As anticipated, greater uncertainty in the wake of the EU referendum has had an adverse impact on household sentiment, with the latest survey, conducted in July, signalling the greatest monthon-month loss of momentum in property prices for seven-and-ahalf years.
While property prices at the top of the market have been falling since the turn of the year, several indicators, including the fall in property sales, suggest that price growth at the lower end of the market in and around central London are beginning to slow after three years of double-digit rises. This will bring some relief to would-be homebuyers in the capital, although this has not yet been picked up in the house price indices; it will be mid-September before the Office of National Statistics’ house price data starts to cover the post-referendum period.
“In the run-up to and immediate aftermath of the referendum there was an understandable drop-off in buyer enquiries,” said Miles Shipside of Rightmove. “[Prices in London] will continue on what is often a fairly lengthy path of price reductions to encourage buyers to return in numbers,” he added. WINDOW OF OPPORTUNITY The Bank of England’s decision to cut interest rates to 0.25%, has been a big help to maintain cheap borrowing levels for domestic homebuyers, while the weakened pound may yet fall further against major foreign currencies making assets in the UK, including property, cheaper for overseas buyers, which should boost housing demand in and around central London. “It should be recalled that the dramatic bounce back in prime central London was supported by a weak sterling and falling interest rates during the credit crunch. Prices rallied within one year and outperformed almost all other financial indices,” said Naomi Heaton, CEO of LCP. Early indications already suggest more international investors are preparing to take advantage of favourable property buying conditions, with mortgage enquiries from overseas buyers seeking to acquire property in
the UK already up 50% since the Brexit vote, according to deVere Mortgages. Mike Coady, managing director of the firm, commented: “Those buying in the UK with their local foreign currency are finding more value than before.” Crucially, Coady also attributes the surge in demand to the fact that the fundamental strengths of British residential property investments remain intact, despite Brexit.
“ The fundamental strengths of British residential property investments remain intact, despite Brexit.” UNDERLYING FUNDAMENTALS Once the dust settles, the UK economy will eventually recover and property in London will remain attractive as the city holds its position as a financial powerhouse. Despite the sharp deterioration of sentiment among buyers, mindful of the far-reaching political, economic and social ramifications that Brexit may pose for the UK, the core fundamentals remain the same, including the UK’s strong bedrock desire for homeownership. Following the EU vote, the Council of Mortgage Lenders (CML) commissioned YouGov to undertake consumer research into tenure aspirations, and found that long-term homeownership ambitions remain strong, with 88% of adults insisting that they want to be homeowners in ten years’ time.
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“One survey signals the greatest monthon-month loss of momentum in property prices for seven-anda-half years.”
Fresh figures from property website Rightmove also show annual house asking price growth slowing; down 0.9% month-on-month across England and Wales ending at £270,159 in July.
PROPERTY MARKET
When asked about their preferred tenure in two years’ time, 72% said they wanted to be homeowners. “We cannot rule out the possibility that the Brexit vote may have dented the desire for homeownership [in the immediateterm], but the survey findings are in line with results stretching back over the last 30 years,” said Bob Pannell, CML chief economist.
THE HOUSING CRISIS
300,000 Needed
200,000 Target
“ It is difficult to see what would trigger price falls in the longer term.”
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The general consensus may be that over the next six months activity in the market is likely to soften with small property price falls a possibility, but would-be buyers hoping for prices to drop by anywhere close to 18% as predicted by the former chancellor, George Osborne, may be in for a long wait. That is because there is an inherent undersupply of housing in London and it is difficult to see what would trigger large price falls in the longer term while this remains the case. NEW HOUSING SUPPLY The number of new homes currently being built remains significantly below the government’s target of 200,000 new homes a year, and is almost half the estimated 300,000 new homes a year needed just to meet existing demand for housing in this country, according to a new House of Lords Economic Affairs Committee report. And yet, rather than increasing new housing supply, the latest housebuilding data shows
~ 150,000
72% 72% of adults want to be homeowners in the next 2 years
Current
3.2% New homes needed per year to meet existing demand
that residential construction levels are actually falling: down by 3.2% in May – the biggest drop since February 2014. Overall, the Yorkshire Building Society report that the UK has missed its housebuilding targets by almost 1.2 million homes since 2004, and yet early indications are that Brexit will deter housebuilders from increasing output, which is likely to heighten the housing supply crisis. While the drop in activity may persist over the coming months, as the economy slows in the wake of the uncertainty triggered by the vote to leave the EU, housebuilders
Residential construction levels down by 3.2% in May
will almost certainly fail to deliver anywhere near the number of homes the country needs, which will add to the severe lack of sufficient housing supply and probably cause prices to increase further, once activity levels have bounced back. Couple this with the outstanding feel good factor of Britain’s recent sporting achievements - Murray winning Wimbledon, Chris Froome winning the Tour De France and of course the impressive results in the Olympics - and it’s easy to see how this reflects positively on how Great Britain in general is perceived internationally. Surely this can only add to the desirability, and price, of London property in the future.
LEISUREPLAN.CO.UK
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NEWS & INTERESTS
BRIKOLAGE TATE SWITCH HOUSE ARCHITECTURE
The Tate Modern has recently been extended by its original designers, Swiss studio Herzog & de Meuron. The pyramidlike tower, named the “Switch House”, is almost 65 metres high and creates 60 per cent more exhibition space. The gallery has become one of London’s most important cultural attractions since it opened in 2000, with over 5 million visitors a year.
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The latticed brickwork helps the extension to match the original brickwork of Giles Gilbert Scott’s power station, yet differs vastly in form with its complex series of angles and folds. Large perforations allow light to filter in during the day, and cause the building to glow in the evening. The 10 storey interior includes an assortment of overground and underground galleries, as well as a new roof terrace offering panoramic views of the city. “An addition to an existing building is always very difficult, even problematic: some people will like the new part better, others will prefer the old part, some may say the extension was not necessary, others are convinced of the opposite,” says studio co-founder Jacques Herzog. Love it or hate it, this important addition to the Thames skyline demands a visit.
FLEXIBLE FURNITURE DESIGN
New York-based designer Ian Stell has created the ‘Pantograph’ series, a beautiful range of flexible furniture that expands and contracts into a variety of configurations. The ongoing limited edition collection presently consists of a chair and a number of tables constructed from maple and oak slats on brass pivots. The lattice-like pieces can be condensed to fit in small spaces, or enlarged for a larger setting. See them all at ianstell.com.
NEWS & INTERESTS
MINI VISION NEXT 100 WHEELS
THE MAZE COVER
It’s been a turbulent time. As the economy twists and turns after a sequence of major events including the Scottish referendum, general election and then the ‘Brexit’, the slower moving property market has been struggling to keep up. Couple this with the plethora of new rules designed to tame the market, from the increased stamp duty rates to the spectrum of laws hurled at landlords, and you’d be
forgiven for being confused. Of course, although the ‘Brexit’ result followed by a new prime minister has in some ways seemed like the final act in this bamboozling affair, it’s clearly not over yet. The final round is yet to come. The latest data out has somewhat vindicated the Brexiteers with a silver lining in recent economic results. The question is, is this is the calm before the inevitable storm when Article 50 is served? The truth is, like the election and the ‘Brexit’, nobody can predict what’s around the next corner.
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To celebrate their 100 year anniversary, the BMW group has unveiled three stunning concept cars: a BMW, a Rolls-Royce and a Mini. The original Mini, launched in 1959, ranks fourth in British design icons according to a poll organised by the BBC and the Design Museum, which means the design of future Minis is a serious affair indeed. Luckily, the BMW design team has done a remarkable job in penning a super-modern car while preserving classic visual cues. Future Mini will completely adapt itself to the driver, even changing colour depending on one’s mood. The car is autonomous, so it can drive itself to a charging station, cleaning service or find a place to park and wait. The Mini can be hailed by an app, which opens up the concept of car sharing rather than a single dedicated owner.
INTERIOR & DESIGN
INSPIRATION TRANSMISSION 14 brik.co.uk
INTERIOR & DESIGN
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MENTANA HOUSE EM ARCHITECTURE
Montreal-based firm EM Architecture undertook the considerable task of converting this abandoned 1900’s ex-4-plex property into a modern, single-family home. The structure was gutted and all interior walls removed, including the rear wall. The house was then rebuilt internally with rooms arranged around a large skylight running the full width of the house. The new interior
features extensive use of wood, from flooring to storage, to cladding inside and out. The combination of wood, white steel and natural light creates a brilliantly bright and airy atmosphere. The massive skylight also serves to separate the children’s rooms from the master bedroom. The two areas are connected by a bridge with glass balustrades that crosses over the open plan kitchen on the ground floor below. Clean white walls and fittings lead the eye to designer furniture, objects and art.
LANDLORD’S GUIDE
LANDLORD GUIDE What does life look like for landlords post-Brexit?
WORDS
JOSH WOODFIN Journalist
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Well, that was a busy Summer wasn’t it? As the country twisted and turned on its axis, many homeowners and people who make or supplement their living through property were left with an armful of questions and very few answers. But now the dust has settled we have time to take stock and try and answer some of these questions. For landlords and those in the buy-to-let market, Summer is a busy period, but come September it’s time to begin looking ahead and making plans for the future. And never has this been more important than after the 52% to 48% Brexit result that triggered major economic uncertainty. In the weeks immediately following the result, it became clear that all markets, especially property, were going to take a hit, and the experts did nothing to sugar-coat the situation. A spokesman for The Council of Mortgage Lenders told the Guild of Residential Landlords soon after the
result, “In the short term, people’s attention will be on interest rates and what impact this will have on mortgage costs. While markets are bound to react to the news, the question will be how long it takes for them to settle.” Of course the recent reduction in interest rates has calmed the market on this front considerably. This is making mortgages even more affordable adding scope for Landlords to buy more rental property and allow more people to buy their first buy-to-let. Cheap lending, expanding generation rent and an uncertain sales market have all contributed to rentals looking more like an attractive option. This has led to rental prices softening in Fulham. There are several factors that have lead to this. Increased Supply In light of the uncertainty in the sales market, many would-be sellers have decided to sit on existing properties while the market corrects itself and instead put their properties on the rental market. This dramatic increase in supply has led to rental prices weakening, which has been especially noticeable in house rental
“Homeowners decide to sit on existing properties while the market corrects itself.” prices. This is because the ‘Brexit’ result hit at the prime month for house rentals, July, when supply was already at peak levels. This resulted in a reduction in house rental prices on last year in Fulham of 7.1%, while flats were down a little less at 5.5% according to Brik’s data. Exodus of foreign nationals? The fear was that the insecurity around the city – will the banks stay or go? – would lead to a loss in the appeal of London as a destination for short-, mid- and even long-term foreign renters. However, after the pound hit a thirty-year low following the referendum it seems, so far, that foreigners and foreign businesses are not only getting a lot more for their money but at the same time are more cautious about large rental commitments. It’s fair to say that at this point these two cancel each other out nicely.
LANDLORD’S GUIDE
PERFECT STORM
INCREASED SUPPLY • Uncertain sales market has led to a flood of property coming on for rent • High supply has led to a reduction in rental prices.
Since the Brexit result in June we’ve recorded a reduction in rental prices achieved of over 7% in houses and over 5% in flats. So why have rental prices in Fulham reduced?
HIGH PROPERTY PRICES • Sales prices increasing quicker than rental prices, reducing yields • Area is seen as ‘more expensive’ attracting wealthier tenants looking for higher standards of living.
Poor relative condition In general the majority of Fulham rental stock is no longer at the level of finish and quality that discerning Fulham renters demand. With about thirty properties coming up for rent in Fulham every day over July, it should come as no surprise that tenants can afford to simply reject property that is not up to scratch.
attract more than their fair share of interest. The fact is your average Fulham resident now expects a higher standard of property than they might have accepted ten, five or even two years ago, and it’s important to mention that this is true right across the rental price spectrum from one bedroom flats to large houses.
What is interesting is that properties that are well finished seem to be achieving relatively higher rents than expected, leaving the rest to contend with low offers or no offers at all. This is because better finished rental properties
Increasing property prices As property prices increase rental yield decreases. Yes, your house or flat probably rose by 20% or more since 2012, but that doesn’t mean that a tenant will pay 20% more in rent for what is essentially
the same property in their eyes. That said, if the value increase is attributed to a refurbishment then often some of this value can be extracted from the tenant. Bear in mind rental prices are driven by the desire of tenants to live in both the vicinity and the property in question. So with the Summer’s medal haul from the Olympics and the recent surprise positive results from Brexit on the economy, it seems that brand Great Britain is only going to get more desirable. Good news for your rental, so long as you make the most of its potential.
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RELATIVE POOR CONDITION OF PROPERTIES • Tenants expect higher finish • Majority of rental properties last refurbished when Fulham was considerably cheaper • Lower yields leaving Landlords with less desire to spend on the property.
INTERIOR & DESIGN
TRENDSPOTTING Our resident interior design columnist discusses current trends in furniture.
WORDS
ROWENA VAUGHAN
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RJV Designs
brik.co.uk
Trends don’t just happen, they slowly morph from current styles. Divining what is to come isn’t easy but one can begin to see a slow progression in styles after studying what has been and what people are beginning to pick up on at various trade shows, in magazines and on trend websites. There are definitely themes and looks that are beginning to appear. The big, bold and brassy 70s inspired psychedelic clashing colours are making a comeback, used with quirky accessories and possibly even the return of rattan. Metallic finishes and innovative use of materials and textures can be seen in the funky West Elm side board shown overleaf. Upcycling and painted furniture is also
enjoying a resurgence, although not just in the faded shabby chic way. Now people are making more robust and interesting furniture out of old pieces, taking them apart and making something completely new. Mid-century modern furniture has
“ Now people are making robust and interesting furniture out of old pieces, taking them apart and making something completely new.” been at the forefront of furniture trends for a while. This style of furniture appeals to all ages, from those who remember it from its origination to the younger generation who appreciate the simplicity of form and function. Susie Rumbold, President of the
British Institute of Interior Design and Director of Tessuto Design, gave her thoughts as to trends in furniture and has noticed similar themes coming to the fore: “We have been noticing that the prevailing trend for all things midcentury is slowly moving away from 1950s and 1960s and towards the 1970s. This is bringing with it some interesting developments like resurgence in the use of cane in furniture and woven rattan seats. This in turn hooks in neatly with the rising trend for all things “craft”. We are also forecasting a renewed interest in tribal elements, African masks and so forth which again were popular in the 70s. In upholstered furniture we are still seeing the use of a lot of velvets and this is morphing into a chenille revival. I think it’s because it’s an affordable way to add luxury and comfort into any design scheme.”
INTERIOR & DESIGN
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Interior by Tessuto Design | tessuto.co.uk Mid Century Pop-Up Storage Coffee Table from West Elm | £599 Dolores Chair from Fiona MacDonald | £990 Otto Cabinet from Fiona MacDonald | £6,750
INTERIOR & DESIGN
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Interior by RJV Designs | rjvdesigns.co.uk
brik.co.uk
Martini Side Table from West Elm | £139 Brass Clad Sculpted Geo Sideboard from West Elm | £999
On the high street many of these trends are being picked up, texture and luxurious material is beginning to creep in, that tinge of metallic hinting at the blousy 70s.
clean lines and sleek silhouettes. Touches of warm metallic accents such as copper, brass and rose gold is something we’re starting to see more of.”
Benjamin Hanley, Design Services Manager at West Elm, Tottenham Court Road, reports: “The marble craze is still very much in full swing! It’s a timeless material that continues to feature in many of our collections. Mid-century modern is also still going strong, with a slight shift to the 70s, whilst still staying true to its
Trends are an important part of the cyclical nature of style and interior décor is swayed by trends as much as fashion. Regardless of trends, there will always be a place for antique furniture, the ultimate recycling, which can be used in a modern and stylish way with a little creativity. Statement pieces,
large and impressive items can add impact and create instant style. At the trade shows in Milan this year there were stunning pieces set in pedestrian, normal settings; the juxtaposition of the exotic set within the humble. Having spotted the trend, should you follow it? My advice is always to do what you feel comfortable with. Don’t be a slave to fashion, the furniture you choose should be useful, practical and fit style-wise within your home.
INTERIOR & DESIGN
PRETTY LITTLE THINGS
22 brik.co.uk MUSE MARBLE & COPPER NESTING TABLES £195 | oliverbonas.com KUUM BLOCKS 45,000 YEN | kuum.jp B&O BEOSOUND 35 £1,745 | bang-olufsen.com PUNT TACTILE LONG SIDEBOARD $1,935 | nest.co.uk RABBIT CHAIR BY STEFANO GIOVANNONI $100 & $180 | designboom.com/shop
INTERIOR & DESIGN
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BRNO CHAIR £3,500 | davidlinley.com LEGO BEETLE $99.99 | shop.lego.com HAGEN WATCH £175 | dezeenwatchstore.com SPIRA SIV BLACK CUSHION £19.95 | trouva.com BRASS GLOBE (1970S) £150 | presentandcorrect.com
FINANCE
MORTGAGE UPDATE WORDS
EDWARD CHECKLEY Partner, Private Finance mortgages@brik.co.uk
Since the UK made a historic decision to vote in favour of Brexit, the financial markets have been reacting and adjusting to the implications of Britain’s future outside of the EU.
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The Bank of England (BoE) has attempted to shore up UK economic confidence this month by cutting the central rate to the lowest ever in its 322 years of history. Here we consider what impact this is likely to have for UK mortgage borrowers. It may be that the rate reduction will have a limited effect as essentially the BoE has simply made cheap money slightly cheaper. As an example, the interest cost for an interest only BoE base rate tracker mortgage will see a reduction of £20.83 per month for every £100,000 borrowed. Additionally, a number of mortgage holders may be in for a surprise; whilst the majority of lenders will pass on the benefit to borrowers, a few lenders have accounted for this eventuality and created a floor in the base rate they will honour of 0.5%. One likely market trend linked to the recent cut could see borrowers favouring more flexible mortgage
products. Fixed rate mortgages have been largely similar in cost to trackers in recent years and the trend has been for borrowers to opt for security. However, recent events may see the tables turn as the Monetary Policy Committee has hinted at potential further rate reductions later this year. Tracker mortgages generally have limited or no early repayment charges and a number of lenders offer a tracker to fixed rate service allowing a switch in product during the term of the mortgage. It may play well for those assessing their options to track the base rate and enjoy greater flexibility with the potential of cost savings to come. This may therefore present a highly attractive opportunity for a number of mortgage borrowers; albeit those who take steps to seek quality, expert advice.
That said, there could also be good news on the horizon for fixed rate mortgages as there is an expectation of further reductions in SWAP rates; the mechanism through which lenders can acquire funding over a period of time at a fixed price. This is a potential ‘unintended consequence’ of the lower UK GDP forecasts which have been prompted by Brexit. This gloomy outlook is the underlying force which will prolong the kind of economic uncertainty that will generally lower the cost of borrowing money in the long term. Whilst our overall view is one of cautious and reserved optimism, we are keen to stress the importance of seeking independent, whole of market advice; especially while mortgage products and market forces are exposed to a variety of ever changing economic factors.
AVERAGE 75% ‘LOAN TO VALUE’ UK MORTGAGE RATES SINCE 2009 5 year fixed rate
2 year fixed rate
2 year BoE base rate tracker rate
6% 5% 4% 3% 2% 1% 0% ‘09
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H OTE L
La Maison Hotel DE STI N ATI ON
Saarlouis, Germany OR I G I N AL
Günter Wagner
At Design Hotels™ we believe in the power of creative expression. That’s why each of our more than 300 handpicked independent hotels reflects the idea of a visionary, people like Günter Wagner, who stepped away from his family’s food empire, Wagner Frozen Food Company, to open La Maison, the first upscale hotel in Saarlouis. By imbuing this historic mansion with inspired design, fresh ideas, and unrivaled food and drink offerings, Wagner has irrevocably altered the hospitality scene in this stunning French-German city. Embrace the authentic. Express yourself. designhotels.com
INTERIOR & DESIGN
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INTERIOR & DESIGN
TAICHUNG APARTMENT Z-AXIS DESIGN
Taiwan-based studio Z-Axis carried out a beautifully simple retrofit and redesign of this compact 743 sq ft (69 sq m) apartment, with a focus on increasing and optimising living space. Going against the usual trend, the layout was adjusted from three bedrooms down to two in order to expand the dining and living areas. A unique arrangement of isometric black, grey and white floor tiles are the apartment’s primary graphic feature, visually dividing the dining and living areas.
The living room and TV walls feature hidden storage cabinets, as well as inset shelves for accessible displays and storage - a neat way to reduce clutter and maintain the clean lines. The interior was designed in a modern, clean and cohesive style, with wooden floors and furniture giving warmth to the minimalistic white finishes. The apartment’s character is found in the details, including the mesmerising pattern of the floor tiles, accent living room wall and feature lamp, bare hanging bulbs in the kitchen, curated vintage furniture and the smart, cat-friendly storage system.
brik.co.uk
INSPIRATION TRANSMISSION
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Made in Britain, Built to Last
www.roundhousedesign.com West End | Clapham | Fulham | Richmond | Cheltenham | Guildford | telephone 020 7297 6220 | sales@roundhousedesign.com
BUYER’S GUIDE
BUYER’S GUIDE WORDS
JOSH WOODFIN Journalist
STATE OF THE MARKET In surprising news, two reports, both released in July, show that house prices, contrary to the pessimistic headlines, were actually going up. The first report, from Nationwide, says that UK house prices increased by 0.5% in July and, as a result, the annual rate of house price growth was little changed at 5.2%, compared with 5.1% in June. However, when speaking to these surprising figures, Robert Gardner, Nationwide’s Chief Economist, urged caution
5.2%
Annual rate of house price growth was little changed in July.
BUYERS ON TOP The immediate aftermath of the referendum was bruising for almost all aspects of the property world. As reported in our Market Comment, one in ten home sales fell through in London within the first fortnight of the EU vote, while buyer demand dropped to an eight-year low, according to the Royal Institution of Chartered Surveyors (RICS). But that can likely be attributed to pure panic. Now with a bit of distance, we’re able to take a closer look and see that actually, in this new climate, buyers have a slight edge on sellers in this new market, as long as your finances are in order and you’re in a position to play your hand now. In the week following
the referendum, some house prices in central London fell by as much as 10%, but this was at the extreme end, and certainly wasn’t the norm. But the reality is that there are vendors out there who are keen to sell properties below asking price because of fears that they could fall further or just to get the deal done. One of the most positive elements for prospective home buyers at the moment is that they have been gifted the luxury of choice and time: Instead of the brutal rush for prime properties in London, there is a small amount of breathing space, and dare we say it, wiggleroom. Buyers are properly at the table again when it comes to discussing prices with vendors. Ray Boulger, of John Charcol mortgage advisers, told the Evening Standard, “Now is a really good time to start looking [for a property], you can afford to take your time, put in a lower bid than you would have done a couple of months ago - and walk away if you don’t think you’re getting a good deal.”
1 in 10
One in ten home sales fell through in London within the first fortnight of the EU vote.
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For any Londoners considering buying a new property, be it their first step onto the ladder or a move to a larger property, it has been difficult to ignore the postBrexit headlines and not feel a frisson of insecurity. But now the temperature’s dropping and heads are cooling, it’s time to take a step back and assess the situation and ask, is now actually a good time to buy property?
and said, “This is the first month’s data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage – this means any impact from the vote may not be fully evident in July’s figures, as there is a short lag between a buyer making the decision to purchase a property and applying for a mortgage.”
BUYER’S GUIDE
£1.4bn
MORE OR LESS ON THE MARKET? So with a combination of timing and planning, you may be able to find yourself a bargain in the choppy waters of the London property market. But what about the amount of property in London? Will it increase or decrease? The proliferation of luxury new builds, especially along the Thames, has stalled in the wake of the referendum, with many investors delaying investment and building plans, while others are reducing prices in a bid to reignite interest and growth.
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The Independent reported that London listed property company, Capital & Counties, reduced the value of its Earls Court development by 14 per cent, wiping £200m off the £1.4bn December 2015 valuation. While the Guardian reported in July that investors (often foreign) who bought luxury new builds off-plan, are selling them for less than they agreed to pay for them in order to lure in buyers. With many investors looking to buy London property for capital appreciation purposes, they are now having second thoughts on investing in the capital, which means that there are properties out there with reduced asking prices that are now back on the market and available for domestic investors. HOW’S THE COMPETITION? There have been plenty of rumblings from the City about relocating to new financial hotspots such as Paris, Dublin and Frankfurt. Combined, many of the large
Capco reduced the value of its Earls Court development by 14%, wiping £200m off of the £1.4bn 2015 valuation.
£1.2bn
-14%
EARLS COURT MASTERPLAN 4 Urban Villages (West Brompton drawn) 7,500 New Homes 10,000 New Jobs 7.5 acres of new green space
investment banks – JPMorgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley etc – have nearly 100,000 members of staff in London. Were these banks to relocate, it would create an influx of available property, particularly in highly desirable evergreen areas such as Fulham and South West London. And with Bank of England boss, Mark Carney stating that he will not hesitate to keep interest rates low, in order to avert a recession, the potential yields on residential property in London are still very appealing to foreign investors.
40%
Increase in Chinese buyer enquiries into UK property post Brexit
In the month after the referendum, the Telegraph reports, China’s biggest international property portal, Juwai, saw the number of buyer enquiries into UK property rise 40 per cent above the long-run
average. Bernie Morris, the head of Juwai’s UK, Europe and Middle East division, said, “The data shows that the Brexit vote has definitely boosted Chinese buyer interest in UK property. The chief mechanism has been the reduction in the value of sterling against the dollar and the yuan. Now, with politics stabilising and a competent new government in place, the UK looks like the same old safe haven as ever - but cheaper.” LOOKING FORWARD So a lot’s happening and really the clearest message is if you are in a position to buy, with no chain and time on your hands, there are bargains to be had now that buyers have been gifted some negotiating power. And the installation of a sensible new PM in Theresa May will further secure the market. But there is still a huge amount of question marks that won’t have any immediate answers in the near future. So it’s important to speak with your agent, do some thorough due diligence, and not make snap judgements based on one piece of news or the other.
The best seat in the house 31 brik.co.uk
visit us at arloandjacob.com or pop by our showroom
A range of styles starting from ÂŁ735
INTERIOR & DESIGN
SPLASHING OUT
32
COMPILED BY
VERONICA LUCEY Magenta Pink Interiors
brik.co.uk
WOODEN BOAT BATH
CHELSEA VANITY UNIT
THE LAGOON BATH
£7,500 | livinghouse.co.uk
£1,335 | mandarinstone.com
£1,800 | bathstore.com
This eye opening solid wood bath tub constructed in solid Beech with a polished plywood top and bottom is made using traditional boat building techniques. Made to special order.
This timelessly elegant Chelsea vanity unit has been designed exclusively for Mandarin Stone. Available in a single or double size format, it can be painted in any Farrow & Ball colour you choose.
The Lagoon is a rimless eggshaped bath which is designed with a maximised internal bathing area for an ultra contemporary bathroom. This is a very affordable bath to add to any bathroom design.
VENETIAN VANITY UNIT
MACKINTOSH CONSOLE
THE COPPER BATEAU
£695 | lussostone.com
£2,500 | uk.lefroybrooks.com
£5,400+ | cathpoleandrye.com
A stylish and practical storage solution ideally suited to small bathrooms. Featuring a solid polished stone resin basin this unit is beautifully designed with smooth rounded contours and a sleek finish.
Very stylish console with square deco solid brass legs, ceramic rectangular basin and matt black Marquina marble counter. Also available as a double basin and in White Carrara Marble.
This stunning bath will make a real statement in a bathroom. The Copper Bateau has a number of external and internal finishes, such as enamel, paint, nickel or antiqued copper.
THE DECO BATH
CLASSIC BATH MIXER
JONAS SHOWER
£5,150+ | thewatermonopoly.com
£720 | uk.lefroybrooks.com
£20,857 | thewatermonopoly.com
The Deco bath is an original French Art Deco single ended fireclay tub. Beautiful flowing lines add a touch of elegance to any bathroom traditional or minimalist.
Beautiful deck mounted bath shower mixer with black levers from the 1900s range. Comes in several finishes to compliment any bathroom design.
Freestanding Jonas needle shower with thermostatic control. This is a functioning piece of art for the bathroom complete with body sprays.
GESSI GOCCIA BASIN TAP
KINROSS BASIN ON FRAME
LOUNGE VANITY UNIT
£502 | cphart.co.uk
£3,950 | cathpoleandrye.com
£1,250 | porcelanosa.com/gb
Meaning ‘drop’ in Italian, Goccia was inspired by the fluid and natural shapes of water. The eye-catching collection of brass and sanitaryware was designed for Gessi by renowned sculptor, Prospero Rasulo, fusing the finest Italian craftsmanship with sleek, minimalist elements.
The Kinross Basin on Frame is a beautifully crafted oval marble basin standing on an intricate solid brass frame. Initially commissioned as a piece for Kinross House in Scotland, this wash stand is based on the original Shanks of Barrhead basin that was found in the manor house.
The Lounge series is designed by Simone Micheli. Available in white or black, its high gloss quilted effect front lends a contemporary look. The sink is mounted on one end of the countertop, allowing for space to store your bath products and accessories.
INTERIOR & DESIGN
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GADGETS
YOUR HOME, CONNECTED The latest gadgets to drag your house into the 21st Century. Technology bible, Wired, describes The Internet of Things as revolving ‘around increased machine-tomachine communication; it’s built on cloud computing and networks of data-gathering sensors; it’s mobile, virtual, and instantaneous connection; and they say it’s going to make everything in our lives from streetlights to seaports “smart.”’
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Which, in layman’s terms means that in the not too distant future, we’ll be able to control pretty much any piece of technology with our phones and store any content or data (music and film files, setting preferences, images) in the cloud. And there’s already plenty of covetous technology out there to turn your home into a tasteful version of the bridge of the Starship Enterprise. Here are some choice options.
HAIKU L SERIES FAN The wonderfully named Big Ass Solutions make beautiful, smart and energy efficient ceiling fans for your home. You can also connect the Haiku to your Nest system in order to help achieve that perfect temperature for when you get home. And you can also connect them to Amazon’s Echo system to give you voice control. Figuratively and literally, very cool. haikuhome.com
KUNA TOUCAN Silly name, great product. This discreet camera connects easily to existing outside lighting to give you peace of mind about your property when you’re away from home. Motion sensitive, the Kuna will send you an alert to your phone should it sense anything untoward. And the wide angle HD camera allows you to see and speak with anyone at your door if you are at home. You can also switch on the 100 decibel siren from your phone, too. getkuna.com/toucan
GADGETS
WITHINGS THERMO Sometimes the most important products aren’t the most appealing. But the Withings Thermo is a device you’ll use again and again, especially if you have young children. This smart thermometer takes 4000 micromeasurements a second as you simply scan it across the patient’s forehead, allowing you to build an accurate picture of your family’s health. It also runs on two AAA batteries that the manufacturer claims will keep it running for two years.
greeniq.co
withings.com
SMARTYPANS For those seeking a minimal, clutter free kitchen, Smartypans may have the answer. This clever kitchen device links up to an app and helps you choose, track, and of course cook, your food. You can calculate calories and other nutritional data quickly and easily, as well as creating and storing recipes, which you can then share with fellow SmartyPan users. The SmartyPan founders describe it as a FitBit for food. smartypans.io
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GREENIQ SMART GARDEN Never worry about your garden again with this green gadget that’s here to save your soil, and your wallet. This simple box connects to your wifi, and can then be connected to an automated irrigation and lighting system, meaning you can schedule the watering of your garden. You can even control the watering of specific parts of your garden, meaning those more sensitive plants don’t get caught in a deluge.
SELLER’S GUIDE
SELLER’S GUIDE Southwest London holds its own in a choppy market.
WORDS
MARC DA SILVA Property Journalist
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Homeowners cannot say they were not warned about the potential consequences of Britain leaving the EU. Various experts lined up in the run-up to the referendum to forewarn those thinking of selling their property to be prepared to slash their asking price as a consequence of an inevitable slump in the housing market if the leave campaign won. Just days before the EU vote, property website Zoopla echoed the Chancellor George Osborne’s dire predictions of the impact of Brexit by projecting that it would cause the average price of a home in the capital to plunge by more than £120,000, practically wiping out nearly all of the gains made by the housing market over the past five years, and leaving some homeowners in negative equity. The vote to leave the EU has set the stage for a protracted
breakup and prolonged political and economic uncertainty, with a number of buyers having reportedly pulled out of property transactions in recent weeks.
“House prices have so far defied the gloomy predictions of experts.”
sellers may be extra-willing to negotiate on asking price in some less active parts of the city. However, the early impact of Brexit has not yet been picked up by Nationwide’s data, as there is a short lag between a buyer making the decision to purchase a property and applying for a mortgage.
And yet, the first evidence of the post-apocalyptic Brexit property market shows that house prices have so far defied the gloomy predictions of experts, having actually picked up pace in July, up 0.5% monthly and 5.2% annually, according to Nationwide.
But what the lift in values does show is that even during times of economic and political uncertainty, the UK’s housing market, led by London, remains fundamentally strong, supported by a robust labour market, high employment and historically low borrowing rates which have now dropped even further with the Bank of England’s recent cut in interest rates.
FOREIGN BUYERS Some analysts also claimed that foreign property buyers would shun London’s housing market post-Brexit, but early signs are that opportunistic international investors are piling into the capital to take advantage of the sharp fall in sterling and the fact that some
FALLING SALES Nevertheless, analysts, including respected think-tank the CEBR, believe that housing demand will soften in the coming months, although this may actually help support prices if it is driven by people deciding not to sell as it would exacerbate the supply
EUROPEAN BUYERS With much uncertainty in the fragile Eurozone post Brexit, coupled with higher affordability, European buyers are serious yet cautious on London property and now have more buying power.
POWER PLAY
shortfall, even through a prolonged period of Brexit uncertainty, illustrating the fact that property in London remains a top safe haven for investors. Fulham, in particular, remains a good, safe property investment area and despite an underlying caution among buyers uncertain on the immediate future, confidence in the local housing market is still firm, fuelled in part by growing overseas investors and record-low mortgage borrowing rates, which is leaving some buyers fearful of missing out on choice.
FOREIGN BUYERS The weakened sterling has meant that London property has become even more desirable to foreign buyers, and particularly investors, who can move quickly. ‘Brand Great Britain’ has also proved resilient with recent positive economic and Olympic results helping keep London property up there as one of the most desirable investments available.
PRICED TO SELL Despite some reports to the contrary, there are plenty of potential buyers around, willing to jump in where they see fair value. Realistic asking prices remain crucial for generating interest, as those serious buyers that are actively looking will avoid anything that looks to be wildly over-priced. Pitching your asking price too high would be counter-productive in the current environment, and would read as a lack of seriousness to sell, generating only speculative buyers.
BUYERS’ MARKET A homeowner can do a lot to improve their property’s appearance to entice prospective purchasers - general DIY, decluttering, a fresh lick of paint, cleaning the windows, vacuuming the carpet, ensuring beds are neatly dressed, etc. In a buyer’s market it’s more important than ever to put the extra effort in here. Ask your agent for some frank advice, and try not to be offended with their impartial suggestions. It may just make the sale happen.
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In the latest twist in the London property market, sellers will find themselves in a position of relative weakness. Caught between the powerful forces of international exchange rates, the UK economy and buyers trying to make a quick killing, it’s easy to feel out of control. However there are still winning moves to be made, provided they’re carefully considered. Good advice, as always, is the key.
DOMESTIC BUYERS There are plenty of buyers in the market. However they’ll only move on what they see as a fair deal and many are locked down with something to sell themselves.
SHOWCASE
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CLONCURRY STREET, SW6 House | Full refurbishment | Basement | Rear extension | Loft Other than extending the property into the loft and excavating a large basement, the house has been completely modernised including being fully re-plumbed, rewired and interior decorated by Blaze & Co’s in-house design team.
BLAZE & CO blazeandco.co.uk
SHOWCASE
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WANDSWORTH COMMMON WESTSIDE, SW18 House | Full refurbishment | Side return | Kitchen extension Working from Granit Architects drawings we proceeded to drop the floor in the kitchen whilst extending the kitchen to give a significantly larger rear extension. To the rear Crittall doors and Higham furniture were installed as well as a bespoke kitchen. There are several main features to this project most noticeably being the reclaimed iron column in the kitchen and the ‘L’ shaped roof light spanning the length and width of the extension.
BTL btlpropertyltd.co.uk
SHOWCASE
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NORLAND SQUARE, W11 Full Refurbishment | Space Planning | Infill Extension | Maximising Natural Light Landmass London, has recently completed a project on Norland Square, Holland
LANDMASS
Park, which has been designed ‘upside down’ with living areas on ground level and
landmass.co.uk
bedrooms on the lower ground. Features include Crittall windows which have been used internally as well as exposed brick. With the bedrooms in the basement, it was important to use a lot of glass and voids to ensure that light reached every room.
SHOWCASE
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CHESILTON ROAD, SW6 House | Full Redevelopment | Basement | Ground Floor Extension | Loft This was a high specification full re-development to create a luxury seven bedroom home located in one of Fulham’s prestigious locations. The design included parquet flooring throughout the ground and basement levels, as well as a steam room, wine room and bar complete with smart home technology.
ELEMENT CONSTRUCTION elementconstruction.co.uk
LILYVILLE ROAD An outstanding extended Victorian family home, finished to the highest specification and located on a quiet residential street just off Fulham Road.
This stylish house is arranged over four floors and extends to just over 2,050 sq ft (191 sq m) of well implemented and balanced living space. The ground floor has a spacious open plan feel, offering excellently designed entertaining space. There is a large double reception room with high ceilings, a Bellfires gas fire place, an extended Hi Spec design kitchen with Gaggenau appliances to the rear, and full width bi-folding doors leading out onto a beautiful South West facing rear garden designed by Harrington Porter.
5 Bed
2,060
ÂŁ2,450,000
HOUSE
SQ FT
FOR SALE
RINGMER AVENUE A sublime four double bedroom, four bathroom (all en suite) interior designed Victorian family house, located on one of Fulham’s finest roads. The property extends to 2,241 square feet (208 sq m) and is arranged over four floors. The ground floor layout comprises a double reception room with original features, cloakroom, and an extended bespoke kitchen breakfast room.
4 Bed
2,241
£2,300,000
HOUSE
SQ FT
FOR SALE
HORDER ROAD
3 Bed HOUSE
A rare, three double bedroom, Victorian freehold family home in a great location close to Fulham Road in ‘Munster Village’. This property is one of only a handful of smaller freehold houses in Fulham, making it and others like them extremely popular because of their subsequent cheaper price and scarcity.
1,227 SQ FT
£1,350,000 FOR SALE
WARDO AVENUE
4 Bed HOUSE
A stylish Victorian family home with four bedrooms and two bathrooms in a very popular and quiet residential road in the ‘Munster Village’ area of Fulham. The house has been extended to just over 1,750 sq ft (163 sq m), and has plenty of entertaining space with a spacious double reception room and side-extended kitchen on the ground floor.
1,752 SQ FT
£1,750,000 FOR SALE
PURSER’S CROSS ROAD
3 Bed HOUSE
A stylish Victorian terraced family home in a superb location (on one of our favourite streets) in Parsons Green. This house offers excellent entertaining space across the ground floor with a double reception room and modern split level kitchen breakfast room, leading out onto a private rear garden
1,456 SQ FT
£1,650,000 FOR SALE
CROOKHAM ROAD
3 Bed MAISONETTE
A substantial three bedroom split level maisonette with a private roof terrace and its own entrance in a prime Fulham location. This flat is arranged over the first and second floors of an impressive Victorian house extending to 1,216 square feet (113 sq m). The first floor comprises a good sized double reception room with plenty of natural light and a large kitchen/breakfast room and bathroom.
1,216 SQ FT
ÂŁ1,250,000 FOR SALE
WARDO AVENUE
2 Bed HOUSE
A bright and extremely spacious two bedroom, two bathroom Victorian maisonette benefiting from its own front door and a large South facing roof terrace. Arranged over the first and second floors, this flat has recently been reconfigured to make the most of all the available space, and refurbished to a high standard throughout.
1,214 SQ FT
ÂŁ1,100,000 FOR SALE
SWAN MEWS
2 Bed MEWS HOUSE
A newly refurbished two bedroom, two bathroom mews house in the heart of Parsons Green. Swan Mews is a quiet and private cobbled road, minutes from Parsons Green Station and Fulham Road. The house has an impressive living area, with a large open plan reception and dining room fitted with a designer Hacker kitchen and integrated Siemens appliances.
829 SQ FT
ÂŁ950,000 FOR SALE
EDENVALE STREET An extremely stylish and fully extended, split level maisonette with its own private entrance and South West facing roof terrace, located in the popular Sands End area of Fulham. On the first floor there’s a light and spacious 24 ft (7m) reception room with a modern open plan kitchen and plenty of space for dining, as well as two double bedrooms and a family bathroom, all immaculately implemented.
3 Bed
1,153
ÂŁ995,000
MAISONETTE
SQ FT
FOR SALE
WARDO AVENUE
2 Bed FLAT
An outstanding two double bedroom garden flat with its own front door, located on an excellent street in Fulham. The flat extends to just under 850 sq ft (78 sq m) with excellent proportions and good ceiling height throughout. The flat has an impressive entertaining space with a large open plan reception room and bespoke modern kitchen.
834 SQ FT
ÂŁ900,000 FOR SALE
NEW KING’S ROAD
1 Bed FLAT
A very stylish one double bedroom, split level apartment, finished to a high standard throughout in a great location. Situated on the top floor of a re-developed printworks building, this sizable flat offers 865 sq ft (80 sq m) of living space and has one double bedroom (with ample storage), and a large modern ensuite bathroom in a great location.
865 SQ FT
ÂŁ795,000 FOR SALE
DONERAILE STREET A fantastic and spacious five bedroom Victorian family home with a 45 ft South facing garden near Bishops’ Park. Offering 240 sqm (2576 sq ft) of floor space, the house has a double reception room, large eat-in kitchen, dining room and WC on the ground floor, and five bedrooms and three bathrooms (two en suite) over the first and second floors.
5 Bed
2,576
£1,795/wk
HOUSE
SQ FT
TO RENT
WINCHENDON ROAD
5 Bed HOUSE
An impressive five bedroom, freehold Victorian family house, located in Parsons Green on one of Fulhams most idyllic tree lined streets. This hugely desirable property has been been fully refurbished to the highest level throughout. Meticulously planned interior design, state of the art home automation, bespoke fittings, fixtures and joinery throughout make this a unique home of unparalleled quality.
2,253 SQ FT
ÂŁ1,700/wk TO RENT
PARKVILLE ROAD
4 Bed HOUSE
A well-presented four bedroom Victorian family home located in the very popular ‘Villes’ area of central Fulham, not far from Parsons Green. The house is in excess of 1,400 sq ft (132 sq m) arranged over three floors. The ground floor comprises a double reception room with wooden floors, a bright kitchen/breakfast room, seperate WC and a good size patio garden.
1,428 SQ FT
£850/wk TO RENT
KIMBELL GARDENS
4 Bed HOUSE
A newly refurbished four bedroom Victorian family home within a short walking distance of the large open spaces of Bishops Park and the popular Thames riverside walk. The property is set over three floors and has been finished to a very high standard. The spacious ground floor has oak wooden flooring and combines a reception area leading through to a an open plan kitchen/breakfast room complete with a downstairs WC.
1,658 SQ FT
ÂŁ1,000/wk LET
HAZLEBURY ROAD
4 Bed HOUSE
A well located and superb four bedroom family house within the popular ‘Bury Triangle’ area. The ground floor consists of a lovely formal reception room with dark wooden floors flowing through to a double bedroom. There are stairs leading down to a large, modern and open plan fitted kitchen/dining area and a second reception room on the lower ground floor leading to a South West facing garden.
1,830 SQ FT
£1,075/wk LET
BARCLAY ROAD
2 Bed FLAT
An extremely well located and recently refurbished, two bedroom, two bathroom garden flat located in the heart of Fulham Broadway. This property has excellent entertaining space with an open plan kitchen and reception room (with under floor heating) that leads out via bi-folding doors to a private rear garden. There are two good sized bedrooms (one with a large ensuite bathroom) and a further bathroom.
948 SQ FT
ÂŁ650/wk TO RENT
PARSONS GREEN LANE
2 Beds FLAT
A newly developed two bedroom first floor flat, located within an attractive Victorian house in the heart of Parsons Green. The property is finished to a high standard throughout, comprising a spacious open plan kitchen and reception room with a large bay window. There are two double bedrooms situated towards the rear of the property and a luxury bathroom.
594 SQ FT
ÂŁ495/wk LET
DIRECTORY Looking for something? Look no further with our recommended suppliers directory, just mention where you found them.
ARCHITECTS DBLO dblo.co.uk 020 7610 9333 227a Stephendale Road London SW6 2PR Emergent Design Studios ed-studios.com 020 7713 0056 51 Calthorpe Street London WC1X 0HH Hogarth hogartharchitects.co.uk 020 7381 3409 186 Dawes Road London SW6 7RQ
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Icon icon-architects.com 020 7731 0400 The Glass House 11 Lettice Street London SW6 4EH Simon Gill simongillarchitects.co.uk 020 7610 9344 Riverbank House 1 Putney Bridge Approach London SW6 3JD
BUILDERS Blaze & Co. blazeandco.co.uk 020 7373 2214 Flat 2, 111 Drayton Gardens London SW10 9QU Dalriva dalriva.co.uk 020 7736 7066 50 Carnwath Rd London SW6 3EG
Design 2 FInish design2finish.co.uk 07968 821 1667 54 Chipstead Street London SW6 3SS
RJV Designs rjvdesigns.co.uk 020 7385 6009 126 Harbord St London SW6 6PH
Edward Checkley privatefinance.co.uk 07908 962 494 21 Bedford Square London WC1B 3HH
Element Construction elementconstruction.co.uk 07717 155 716
SURVEYORS
SOLICITORS
Capital Chartered capitalchartered.co.uk 020 8875 0035 Argyll House All Saints Passage London SW18 1EP
Child & Child (Mo Hakim) childandchild.co.uk 020 7235 8000 4 Grosvenor Place London SW1X 7HJ
Owen Powell owen-powell.com 012 7369 6655
Healys Solicitors (Tracey Cipolla) healys.com 020 7822 4000 Atrium Court 15-17 Jockey’s Fields London WC1R 4QR
NU Builds nubuilds.com 0207 7316841 10 Fulham high street London SW6 4LZ Nuspace I-want-nuspace.co.uk 0203 405 3480 965 Fulham Road London SW6 5JJ Pascal Huser huser.co.uk 020 7381 0707 600 Fulham Road London, SW6 5PA Roxburgh Construction roxburghconstruction.co.uk 020 7731 7480 74 The Arches Ranelagh Gardens London SW6 3UB Uber Contracts ubercontracts.co.uk 020 3151 5034
INTERIOR DESIGN Magenta Pink magentapinkinteriors.co.uk 07956 884 437
Shaw & Company www.shawandco.co.uk 020 8948 1122 9-11 The Quadrant Surrey TW9 1BP
LEASEHOLD ADVICE Capital Leasehold capitalchartered.co.uk 020 7112 5169 64 Knightsbridge London SW1X 7JF
MORTGAGE BROKERS Alistair Hargreaves johncharcol.co.uk 020 7384 6790 112 Dawes Road London SW6 4JA
Jacobsen & Co. (Helle Jacobsen) jacobsenlegal.com 020 7736 6277 6 Stephendale Yard Stephendale Road London SW6 2LR Judge Sykes Frixou (Belinda Frixou) jsf-law.co.uk 020 7395 3355 23 Kingsway London WC2B 6YF Peppers LLP (Stavros Nicolaides) peppersllp.com 020 7278 4710 387 City Road London EC1V 1NA
ADDITIONS Please contact us if you would like to add your business to this directory.
GET IN TOUCH
We started Brik to challenge the status quo and our reputation has grown by delivering record breaking prices and quick sales and lets with minimum fuss. Our formula is simple, sound advice plus friendly approach equals great result.
MEET THE FULHAM TEAM
Michael Horne Co-founder mike@brik.co.uk
Ben Littlewood Co-founder ben@brik.co.uk
SALES: EMAIL:
Chris Littlewood Co-founder chris@brik.co.uk
James Sims Sales Manager james@brik.co.uk
Alex Weldon Sales alex@brik.co.uk
Ryan Harper Lettings ryan@brik.co.uk
Georgina Woods Lettings georgina@brik.co.uk
020 7384 6790 | LETTINGS & MANAGEMENT: 020 7384 6791
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ADDRESS:
77 Parsons Green Lane, London, Fulham SW6 4JA
Contact us for a free valuation: 020 7384 6790 / brik.co.uk
Catherine Frost Reception catherine@brik.co.uk
lkbennett.com t. +44 (0)20 7637 6731