London Homes & Property (East) July 2011 by Runwild Media Group

LONDON Homes&

PROPERTY Showcasing the finest homes in your area

C o v e r i n g CANARY WHARF, D OC K L AN D S , WA P P ING & T h e C i t y

Life in the City

Luxury riverside APARTMENTS

Featuring Savills Penthouse Collection

LONDON Homes&

PROPERTY Editorial Director Kate Harrison

Editor

Emma Mills

Assistant Editor Gabrielle Lane

Head of Design Hiren Chandarana

Brand Consistency Laddawan Juhong

Senior Designer Dalton Butler

Designer

Ashley Lewis

july

Welcome note...

his July, weâ&#x20AC;&#x2122;re feeling very positive. The weather is getting warmer and the property market in London continues to boom (p.156). An annual increase in house prices was seen in both the North and South of the city, while the continuing influx of senior executives to the capital has seen high demand for luxurious rental properties. With demand comes development and we were keen to explore the stunning NEO Bankside Project. The scheme will bring eye-catching apartments and great amenities to the South Bank (p.158). Thereâ&#x20AC;&#x2122;s also similarly extravagant plans for Limehouse, where a range of luxurious apartments have just been unveiled at CQ London (p.126). The 215 new homes are perfectly placed to benefit from the amenities and transport links planned for the London Olympics. Happy Hunting!

Production Manager Fiona Fenwick

Production Daniel Harris

Senior Property Manager Samantha Ratcliffe

Finance Manager Elton Hopkins

Managing Director Eren Ellwood

RUNWILD M

16 Heron Quay, Canary Wharf London E14 4JB T: 020 7987 4320 F: 020 7005 0045 info@londonhomesandproperty.com www.londonhomesandproperty.com Runwild Media Group cannot accept responsibility for unsolicited submissions, manuscripts and photographs. While every care is taken, prices and details are subject to change and Runwild Media Group take no responsibility for omissions or errors. We reserve the right to publish and edit any letters. All rights reserved.

LONDON HOmes&

PROPERTY ShowcaSing the fineSt homeS in your area

c o v e r i n g c a n a ry w h a r f, D o c K L a n D S , wa P P i n g & t h e c i t y

Life in the City

Luxury riverside APArTMeNTs

FeATuriNg sAviLLs PeNThouse CoLLeCTioN

Luxury Interiors p. 155

contents 126

156 living local

126 Area News 148 Mortgage Update

new homes

156 Property Latest 158 Development Focus 162 State of the Market

living local

areanews By Ben West

£92m new Limehouse homes scheme launched The first homes at a striking new £92m development located in Limehouse, with convenient transport links to the City and Canary Wharf, are being launched by A2Dominion New Homes. CQ London features 215 luxury apartments for sale just moments from Limehouse Basin. Located at 721-737 Commercial Road, there is a range of studio, one, two and three-bedroom apartments on offer, starting from £199,950. Caspian Apartments is the first phase to be launched. “This scheme offers not only top-specification new homes with quick transport links to both the City and Canary Wharf but also great investment potential in this rapidly developing part of east London,” says Tariq Qureshi, A2Dominion’s London director of sales and marketing. “As well as excellent infrastructure and strong inward investment spurred on by the 2012 Olympics, Limehouse is close to a number of fantastic facilities including The 02 and the Excel exhibition centre. The development of the Thames Gateway is also underway nearby.” Limehouse has many historic pubs and restaurants including The Grapes pub, which was frequented by Charles Dickens. Indeed, an opium den he visited in nearby Bluegate Fields inspired parts of his last, unfinished, novel The Mystery of Edwin Drood, published in 1870.

Limehouse has been the inspiration for a number of other books, songs, artworks and films, including the 1920s jazz standard Limehouse Blues, James McNeill Whistler’s pictures, Thomas Burke’s book, Limehouse Nights, the 1946 film To Have and Have Not and The League of Extraordinary Gentlemen (1999). The area remains popular with creative types today and current residents include writer Matthew

Transport latest…

Olympic Park bridge link completed

River tour business City Cruises has unveiled details of its next generation leisure and tourism vessel. The 600-passenger RiverLiner will be the largest in scheduled service on the River Thames when it arrives in Spring 2012. It will have an enclosed, fully airconditioned main deck with seating at tables. Uninterrupted panoramic views will be possible as a result of increased window capacity and there will also be an open top deck. Passengers can expect a smoother, more stable and quieter ride as a result of the advanced catamaran design, and many green features have been incorporated.

A new £2.4m bridge for pedestrians and cyclists which will allow easier access to the Olympic Park, has opened. Spanning the River Lea, it will provide a traffic-free route under the A11/A12 road crossing in Bow and connect with nearby towpaths. Triggered by the construction of the Olympic Park and Bromley-by-Bow’s Sugar House Lane development, it has been funded by organisations that including the Olympic Delivery Authority.

Did you know? When the West India Docks opened in 1802 they were seen as Britain’s greatest civil engineering structure to date.

Parris, actor Sir Ian McKellen, comedy actress Cleo Rocos, comedian Lee Hurst and actor Steven Berkoff. The late film director Sir David Lean also used to live in Limehouse. Limehouse is of course very convenient for Canary Wharf’s many shops, cafes and restaurants, and Jubilee underground trains from Canary Wharf whisk shoppers to London’s West End in minutes.

Transport links in the area are benefitting from the forthcoming London Olympics. Docklands Light Railway (DLR) services are subject to improvement while the East London line faces expansion. London City Aiport is also minutes away by DLR, making this an excellent location for anyone travelling reguarly for work. www.cq-london.com

Water cinema comes to Docklands From 1 July until 18 September Docklands will have its very own floating cinema, courtesy of a converted narrow boat that will be wending its way through the canals of east London with lots of events including free screenings and workshops. Starting at Clapton and ending at Newham, films will include shorts made by Olympic Host Borough teenagers, featuring athletes from both the 1948 and London 2012 Olympic Games. The premiere of a rare 1920’s Barging Through London film, and historic local archive films dating back nearly a century, will also be shown. Further details are available at www.portavilion.com. If you do not make it to the floating cinema this summer, there is no need to visit an identikit multiplex if you want to see a film in London. The capital’s quirky independent cinemas include the Electric in Portabello Road and the Ritzy in Brixton as well as Islington’s The Screen on The Green. This year has also seen the emergence of Secret Cinema www.secretcinema.org which organises showings to audiences in secret locations.

127

Knight Frank

The Pumping House

A unique Grade II listed apartment An Italianate Grade II listed building in the Naval Row Conservation Area adjoining East India Dock. The apartment offers extremely flexible accommodation currently three bedrooms and three reception rooms. Freehold Guide price: ÂŁ625,000

KnightFrank.co.uk cwharf@knightfrank.com 020 7512 9966

Knight Frank

Cubitt Wharf, London E14

Berkeley Tower, London E14

Unique two bedroom apartment situated on the third floor of a warehouse conversion. Presented in excellent condition throughout, the apartment benefits from a private balcony overlooking the river as well as two good double bedrooms. Leasehold

A generously proportioned three bedroom, three bathroom apartment. Located on the 14th floor of Berkeley Tower, the apartment offers wonderful far reaching river views and benefits from two underground parking spaces.

£465,000

£1,450,000

KnightFrank.co.uk 020 7512 9966 cwharf@knightfrank.com

Pierhead Lock, London E14

Leasehold

KnightFrank.co.uk 020 7512 9966 cwharf@knightfrank.com

Lockview Court, London E14

This spacious two bedroom apartment is located within the sought after Pierhead Lock development and is conveniently situated for easy access into Canary Wharf either by foot or DLR.

A well proportioned two bedroom apartment situated on the first floor of this purpose built development. The property benefits from a private balcony, off street parking space and views across Narrow Street to the river.

Leasehold

£435,000

£480,000

KnightFrank.co.uk 020 7512 9966 cwharf@knightfrank.com

Knight Frank

Cascades Tower, London E14

Meridian Place, London E14

An extremely generously proportioned apartment located on the 6th floor of this popular portered development within a few minutes walk of Canary Wharf.

This one bedroom flat situated in a quiet development close to Canary Wharf comes with private parking and offers views accross the dock to Canary Wharf from private balcony.

Leasehold

£335,000

£320,000

KnightFrank.co.uk 020 7512 9966 cwharf@knightfrank.com

New Providence Wharf, London E14

Berglen Court, London E14

A one bedroom flat located on the 7th floor. The apartment benefits from a private balcony with views over the city and Canary Wharf. The development provides excellent facilities as well as private parking for this apartment.

This well proportioned fifth floor apartment offers some of the best views we have ever seen into Limehouse Basin. If you are looking for the wow factor you will need to view this apartment.

Leasehold

£330,000

£575,000

KnightFrank.co.uk 020 7512 9966 cwharf@knightfrank.com

Knight Frank

Forge Square, London E14

St. Davids Square, London E14

We are delighted to offer a two bedroom duplex apartment. This two bedroom, one bathroom apartment offers contemporary accommodation at a reasonable price, with easy access into Canary Wharf and Bank; the commute into work is transformed into a matter of minutes.

A two double bedroom apartment set within the ever popular St Davids Square. The property comes with one parking space and is closely located to Island Gardens DLR.

£350 per week

£415 per week

KnightFrank.co.uk 020 7512 9955 cwharf@knightfrank.com

Belgrave Court, London E14

West India Quay, London E14

We are very pleased to offer this two bedroom apartment to let in the prestigious portered development of Canary Riverside.There is a well appointed modern kitchen, two double bedrooms with excellent storage, a modern marble four piece bathroom including walk in shower, and a separate W.C./cloakroom. Other benefits include an underground parking space with 24 hour security.

A beautifully furnished 2 double bedroom apartment in the luxurious No 1 West India Quay development. The development has 24 hour concierge and is located right next to West India Quay DLR.

£650 per week

£750 per week

KnightFrank.co.uk 020 7512 9955 cwharf@knightfrank.com

Knight Frank

Hermitage Court, Wapping, E1W

Chimney Court, Wapping, E1W

Attractive split level one bed, two reception room apartment set on 2nd floor of this portered development in west Wapping. This quiet apartment is fully furnished boasting two reception rooms, modern fitted kitchen, bathroom with shower, large roof terrace and underground parking.

Bright two bedroom two bathroom top floor apartment set in this portered warehouse conversion in Wapping. This attractive apartment has a large dual aspect reception room with exposed brick work, large windows and separate fitted kitchen, lovely wooden floors and a spiral stair case leading to a private terrace.

£470 pw

£575 pw

KnightFrank.co.uk/lettings 020 7480 6848 wapping@knightfrank.com

E1 Waterside, Wapping, E1W

St Pancras Chambers, Kings Cross, NW1

Contemporary two double bedroom two bathroom riverside apartment in west Wapping. This stylish apartment has been fitted to a very high standard boasting modern furnishings, a fully fitted open plan kitchen, beautiful bathroom suites with showers, under floor heating, a private balcony and underground parking.

1033 sq ft two double bedroom 3rd floor apartment to rent in this prestigious development offering a 24 hour concierge service and use of the facilities in the new 5* hotel next door. This spacious apartment has a large reception room with an open plan fully fitted kitchen, large master bedroom, 2nd bedroom with sleeping platform, two bathrooms, real wooden floors, high ceilings, original features and available furnished.

£695 pw

£700 pw

KnightFrank.co.uk/lettings 020 7480 6848 wapping@knightfrank.com

Knight Frank

NEO Bankside, Holland Street, Southbank, SE1 Selection of brand new one, two and three bedroom apartments

Stunning selection of contemporary apartments with large living rooms, floor to ceiling windows and private winter gardens. Providing great storage space, comfort cooling, wooden floors and beautiful bathrooms. NEO bankside is complete with a 24 concierge service and will have a residentâ&#x20AC;&#x2122;s gym, day spa and a variety of shops and restaurants. This is the first phase of the new NEO Bankside development designed by the international, award-winning architects Rogers Stirk Harbour + Partners. Available now

knightfrank.co.uk/lettings wapping@knightfrank.com 020 7480 6848

savills.co.uk

Newell Street, E14

Coral Apartments, E16

Reception room  kitchen  3 bedrooms  bathroom  study  conservatory  private garden  parking space

Reception room  kitchen  3 bedrooms  2 en suite bathrooms  cloakroom  terrace  parking space  concierge

Guide £1.1 million Freehold Savills Canary Wharf

canarywharf@savills.com

Guide £849,950 Leasehold 020 7531 2500

Savills Canary Wharf

canarywharf@savills.com

Hanover House, e14

Discovery Dock West, e14

Reception room  kitchen  3 Double bedrooms  3 en suite bathrooms  cloakroom  balcony

Reception room  kitchen  3 bedrooms  utility room  3 bathrooms  3 balconies  parking space  concierge

 parking space  concierge

Guide £1.25 million Leasehold Savills Canary Wharf

canarywharf@savills.com

020 7531 2500

Guide £1.35 million Leasehold 020 7531 2500

Savills Canary Wharf

canarywharf@savills.com

020 7531 2500

savills.co.uk

TAPESTRY BUILDING, EC2M

BENBOW HOUSE, SE1

Reception room  fully fitted Gaggenau kitchen  3 bedrooms  bathroom  shower room  utility room  intelligent lighting entertainment system  comfort cooling system

3 Reception rooms  kitchen  4 bedrooms  3 bathrooms  3 balconies  2 parking spaces  concierge

Guide £3.4 million Leasehold

Price On Application

Savills Docklands

docklands@savills.com

020 7456 6800

Savills Docklands

docklands@savills.com

GALAXY BUILDING, e14

EATON HOUSE, e14

Reception room  kitchen  4 bedrooms  4 bathrooms  balcony  3 parking spaces  riverside views  concierge  leisure facilities

Reception room  kitchen  3 bedrooms  3 bathrooms  2 terraces  riverside views  concierge

Guide £2.275 million Leasehold

Guide £1,499,950 Leasehold Savills Canary Wharf

canarywharf@savills.com

020 7456 6800

020 7531 2500

Savills Canary Wharf

canarywharf@savills.com

020 7531 2500

savills.co.uk

CANARY SOUTH, E14

WEST INDIA QUAY, E14 2 Bedrooms  2 bathrooms (1 en suite) reception room  open plan kitchen  wooden flooring dual aspect views  private parking  24hr porter

1 Bedroom  1 bathroom  reception/dining room open plan kitchen  wrap around terrace panoramic views of The River Thames and Canary Wharf

£400 per week Furnished Savills Canary Wharf

£695 per week Furnished

canarywharf@savills.com

020 7531 2500

Savills Canary Wharf

canarywharf@savills.com

WAPPING HIGH STREET, E1W

OLIVER’S WHARF, E1W

4 Bedrooms  2 bathrooms  guest WC reception/dining room  separate kitchen private garden  private parking

3 Bedrooms  2 bathrooms  reception/dining room open plan kitchen  2 balconies  river views private parking  porterage  warehouse conversion

£795 per week Furnished

£1,350 per week Unfurnished

Savills Docklands

docklands@savills.com

020 7456 6800

Savills Docklands

docklands@savills.com

020 7531 2500

020 7456 6800

We’ve made No.1 our home. In the latest UK Business Superbrand charts, Savills was voted No.1 brand* in the real estate sector for the 3rd consecutive year. Everyone likes accolades, but the real benefit is for you. Because if you’re selling or letting your home, having the most powerful brand on your side can help give your property real profile, and a tangible edge in the market. If you’ll thinking of selling this summer, call us now for professional advice or a free market appraisal.

Savills Canary Wharf 4 Westferry Circus London E14 4HD 020 7531 2500 canarywhaf@savills.com

savills.co.uk

Savills Wapping 80 Wapping High Street London E1W 2NE 020 7456 6800 docklands@savills.com * 2011 Business Superbrands, administered by The Centre for Brand Analysis.

living local

HOT PROPERTY: Space to Savour

This truly exceptional three-bedroom triplex penthouse apartment is situated within the Victory Place development in the heart of Limehouse. This rare property comes to the lettings market for the very first time and offers circa 1,500 sq ft of internal living space as well as an extensive outdoor balcony area. The property comprises a main reception room with 180Â° balcony, a dining area, a fully fitted kitchen, main bathroom and a large utility room, as well as three

double bedrooms, two of which have balconies and en-suite facilities. The property also enjoys a full-length mezzanine level, which is currently set up as a further dining area but works well as a multi-functional space. The property is fully furnished and finished to the highest of standards and must be seen to be fully appreciated. The tenant will have exclusive use of two under-cover parking spaces and will have access to a concierge service and an on-site residentâ&#x20AC;&#x2122;s gym.

Limehouse, E14 ÂŁ1,000 Per Week Hurford Salvi Carr www.hurford-salvi-carr.co.uk

020 7791 7011 139

Sales

Millennium Drive, E14

£359,950

Pan Peninsula East, E14

£399,950

Eaton House, E14

£430,000

A 943 ft² two double bedroom, one en-suite, apartment set in a riverside development. The property benefits from separate fitted kitchen, well proportioned master bedroom, secure allocated parking, day concierge service and is offered to the market chain free.

A contemporary 9th floor one bedroom apartment finished to a high specification with well proportioned living space, balcony and panoramic views. Unrivalled facilities include gym, pool, health spa, restaurant and amazing rooftop cocktail lounge.

An immaculate one bed apartment situated on the 7th floor of the prestigious Canary Riverside offering panoramic views. Benefits include good sized bedroom with en-suite bathroom and separate WC, separate kitchen, reception with balcony and 24hr concierge. Parking is included.

Lanterns Court, E14

Belgrave Court, E14

£435,000

£700,000

£730,000

A highly desirable 940ft ² brand new two bedroom first floor apartment for the discerning buyer. Suitable for buy to let investors and owner occupiers alike, this property will be highly sought after. Gym, Concierge and close proximity to South Quay DLR.

A luxury two bedroom 5th floor apartment in the prestigious Canary Riverside. Presented in excellent condition with good views of the River Thames and benefits including parking, security, concierge, and the best restaurants that Canary Wharf has to offer.

A large 6th floor 2 bedroom apartment in the most prestigious development in Canary Wharf. Offering river views from two balconies, secure parking for two cars and located just five minutes walk from both Jubilee line and DLR stations.

Port East Apartments, E14

West India Quay, E14

Waterman Building, E14

£780,000

A stunning 1300ft² split level Grade 1 listed two bedroom, two bathroom warehouse conversion. Modern fitted kitchen and open plan lounge with access to a private balcony. Rarely available and only metres away from the business district. Includes parking and 24hr concierge.

£975,000

This amazing 1568ft² one bedroom duplex apartment is the finest we have seen. Double height ceilings, floor to ceiling glazing with unrivalled panoramic views, parking, concierge and access to room service from the neighbouring 5 star Marriot hotel. West India Quay DLR.

£1,799,950

A spectacular four bed, three bath duplex penthouse boasting over 2220sqft of internal space, with unparalleled views from four stunning terraces. Bespoke finishes throughout provide unique living accommodation quite unlike any other. Superb location. Viewing highly recommended.

www.kingsturge.co.uk Canary Wharf Office - 020 7715 9700 dockland.sales@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Lettings

Ability Place, E14

£335pw

Frances Wharf, E14

£360pw

Landmark East, E14

£390pw

A luxury one bed apartment on the eighth floor with a high specification of fixtures and fittings and floor to ceiling windows. Very close to South Quay DLR with easy access to Canary Wharf shopping and the Jubilee line. Available early August 2011.

Two double bedroom, two bathroom apartment on the 6th floor of this secure canal side development. Private balcony offers Canary Wharf views and is a short walk to DLR stations and Canary Wharf itself. Available 25th July 2011.

Stunning one bedroom 38th floor east facing apartment offers views towards Canary Wharf and 02 Arena. On site leisure facilities and 24 hour concierge. Close to Heron Quay DLR and Canary Wharf Jubilee Line. Available July 2011.

Cascades Tower, E14

Waterman Building, E1

Landmark West, E14

£425pw

A two double bedroom two bathroom 4th floor apartment located offering bright and spacious living. Full leisure facilities including gym and pool as well as 24hr concierge and secure parking. Moments walk to Canary Wharf DLR.

Landmark West, E14

£460pw

This highly desirable 907 sqft two bedroom two bathroom 4th floor apartment boasts direct river views towards Central London. It is presented in very good condition and benefits from access to leisure facilities, 24hr concierge & one secure parking space. Millennium Harbour is only a short walk to Canary Wharf, its transport links and extensive amenities.

£475pw

Stunning two bedroom 26th floor south and east facing unit offering views towards the Thames and Greenwich. Features include 24hr concierge and gym. Only moments walk to Heron Quay DLR and Canary Wharf Jubilee Line.

£1,300pw

Stunning three bedroom 29th floor North and West facing unit in sought after Landmark West. The Landmark truly lives up to its name, offering the highest residential accommodation in Canary Wharf. This spacious three bedroom, two bathroom apartment offers dual aspect views towards the River Thames and Canary Wharf. The internal finishes are second to none including floor to ceiling panoramic windows, comfort cooling, marble bathrooms and fixtures/fittings by quality respected brands including Villeroy & Bosch, Grohe and Siemens. The development itself features 24 concierge, and residents’ private gym. Only moments walk to Heron Quay DLR and Canary Wharf Jubilee Line. Available for immediate occupation, fully furnished to the highest standard.

www.kingsturge.co.uk

Canary Wharf Office - 020 7715 9700 dockland.lettings@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

www.alanselby.co.uk Sales

Telegraph Place E14 • 1 bedroom • Top floor • Loft storage

£214,995 • Close to Mudchute DLR • Separate Kitchen • Parking

020 7519 5900 | info@alanselby.co.uk

Arran House E14

£424,995

Theatro Tower SE8

£330,000

Hutchings Wharf E14

• 2 & 3 Bedroom Lateral • Close to DLR station and Duplex apartments • Chain free • Parking available • Final availability • 24 Hour porter

• 2 bed 2 bath • Sun terrace • River Thames views

020 7519 5900 | info@alanselby.co.uk

Vanguard Building E14

£499,995

•Leisure facilities • 24 hour porter • Secure Parking

• Direct River Thames views • 2 bed 2 bath • 1st floor • Balcony • Gated development • Garage

• 2 bed 2 bath • Direct River Thames view • Balcony

020 7519 5900 | info@alanselby.co.uk

£389,995

• Secure parking • Chain free • Day porter

New Providence Wharf E14

£550,000

• 9th floor • 2 bed 2 bath • River Thames and 02 views • 24 hour concierge • Secure Parking • Balcony 020 7519 5900 | info@alanselby.co.uk

Estate Agents | Land & Development Consultants

www.alanselby.co.uk Lettings

Jetty Court, E14 • 1 bed • Partial river views • Separate kitchen

£270 per week

• Gated development • Parking • Furnished

Edison Building E14 • 1 bedroom • 24 hour porter • Views onto the River Thames

£325 per week

• 4th floor • Furnished • Leisure facilities

Schooner Close E14 • 2 bed 2 bath • 8th floor • Furnished

£360 per week

• Leisure facilities • Close to Heron Quay DLR • 24 hour porter

020 7519 5900 | info@alanselby.co.uk

Cascades Tower, E14

Pilgrims Mews E14

Ability Place, E14

• 2 bed 2 bath • 8th floor • Furnished

£420 per week

• 24 hour porter • Leisure facilities • Close to Heron Quay DLR

020 7519 5900 | info@alanselby.co.uk

• 3 bedroom Tower House • 2 bathrooms • 2 additional parking spaces

£530 per week

• 24 hour porter • Garage • Garden

020 7519 5900 | info@alanselby.co.uk

• 2 bed 2 bath • 18th Floor • Furnished

£1,150 per week

• 24 hour porter • Leisure facilities • Vast living and entertaining space

020 7519 5900 | info@alanselby.co.uk

Estate Agents | Land & Development Consultants

Elektron Tower, East India, E14

£217,000 • Marina views £399,950

£269,995 • Balcony £349,950

•Fleet Studio House, apartment Limehouse, E14 •• Private balcony bedrooms Two double •• Close Cross Harbour DLR Two tobathrooms •• Attractive Parking decor throughout

Two bedrooms • £325,000 • Two bathrooms • Balcony

£335,000

Contact our sales team today for a free, no £325,000 obligation valuation.

£525,000

020 7538 9250

• Large balcony £375,000 • River views • 11th floor £375,000

LD SO

bedrooms • Two £425,000 • Two bathrooms • Direct river views • Balcony

• Two double bedrooms • Secure car parking Neutron Tower, Virginia Quay, E14 • Concierge double bedrooms • Twoleisure • Residents facilities

• Three double bedrooms • Two bathrooms • Large through reception/dining room Chinnocks Wharf, • Good decorative order Narrow Street, E14

Canary Central, Canary Wharf, E14

LD SO Cardale Street, Isle of Dogs, E14

Dogs, E14

Barrier Point, Silvertown, E16

• Two double bedrooms • Separate kitchen • Secure car parking • Gymnasium

Court, Narrow Street, E14 • OneLamb double bedroom • Excellent double order bedrooms • Twodecorative • Large private balcony bathrooms • Two • Residents gymnasium underground parking • Secure

Actions speak louder than words.

LD • Two bedrooms • Secure parking space Shackleton Court, Isle Of • Juliet balcony riverchain views • •Direct No forward

Frans Hals Court, Isle of Dogs, E14

SO Three Colt Street, Limehouse, E14

L SO

£629,950

L SO

L SO Pusey House, Poplar, E14

Medland • Two doubleHouse, bedroomsLimehouse, E14 • Fitted kitchen apartment • Penthouse • Large terrace reception • Large • Balconyunderground parking • Secure £199,999 views • Marina

Dunbar Wharf, Narrow Street, E14

Berglen Court, Limehouse, E14

• Two bathrooms £640,000

• One double bedroom £669,950

• Two double bedrooms • Two bathrooms • River views Harbour, South Quay, E14 •Millennium Secure car parking space

• Two bedrooms • River views • Balcony £449,950

020 7538 9250

• Three double bedrooms • Floor to ceiling windows • Modern fitted kitchen Drive, Isle Of • TwoMillennium bathrooms

Dogs, E14

• Secure car parking • River views • Refurbished throughout £275,000

www.lourdes-estates.com

Lourdes Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP

L SO

Spice Court, Wapping, E1W

£325 per week views • Marina

£375 per week views • Marina

£400 per week • Balcony

£629,950

Fleet House, Limehouse, E14 • One bedroom • River views double bedrooms • Two • Leisure bathrooms • Twofacilities • Close to Canary Wharf • Parking £399,950

Dogs, E14

• Two £450 perbedrooms week

• Two bathrooms • Balcony £335,000

Dunbar Wharf, Narrow Street, E14 • Two double bedrooms • Two bathrooms • River views • Private balcony

Contact our sales team today £500 per week for a free, no obligation valuation.

• Three bedrooms • Shackleton Two bathrooms Court, Isle Of • Fully furnished Direct river views • •Secure parking

LD Lamb Court, Narrow Street, E14

Lamb Court, Narrow Street, E14 • Two double bedrooms • Two bathrooms • Two double bedrooms • Unfurnished • Two bathrooms • Private• garage Secure underground parking £349,950

Actions speak louder than words.

Phoenix Wharf, Narrow Street, E14

• Two double bedrooms • Two bathrooms Neutron Tower, Virginia Quay, E14 • River views Two double bedrooms • Private• balcony

• Large £600 per weekbalcony • River views • 11th floor £375,000

LD SO

New Providence Wharf, E14

• Medland One bedroom House, Limehouse, E14 • •Fully furnished apartment Penthouse • •Allocated parking Large terrace • •Private balcony Secure underground parking

E14

L SO

Island Row, Limehouse, E14

Dundee Wharf, Limehouse, E14

Basin Approach, Limehouse, E14

Dunbar Wharf, Narrow Street, E14

• Two £600 perbedrooms week

• Two £1000 perbathrooms week

One double bedroom £1500•per week

• Three bedrooms • Two bathrooms • Secure parking • Chinnocks Leisure facilitiesWharf, Narrow Street, E14

• Two bathrooms • Direct river views • Balcony £525,000

020 7538 9250

• Three/four bedrooms • Marina views • Private garage Millennium Harbour, South Quay, E14 • Furnished or unfurnished

• Two bedrooms • River views • Balcony £449,950

020 7538 9250

• Three bedroom penthouse • River views • Four roof terraces Drive, Isle Of • SecureMillennium parking

Dogs, E14

• Secure car parking • River views • Refurbished throughout £275,000

www.lourdes-estates.com

Lourdes Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP

Tequila Wharf, Limehouse, E14

L SO

• Two double bedrooms • Two bathrooms £895 per week • Parking • Marina views £399,950

£629,950

L SO

L SO Medland House, Limehouse, E14 • Penthouse apartment • Large terrace • Secure underground parking • Marina views

A three bedroom penthouse apartment offering a wealth of features including solid oak flooring, expansive reception room with floor to ceiling windows, bespoke modern kitchen, wrap around landscaped terrace offering breathtaking views of Canary Wharf, Limehouse marina and the City, master bedroom with adjoining en-suite, including a steam room and shower room, separate fitted dressing room, two further double bedrooms one with ensuite bathroom and a further family bathroom. Supplementary benefits include an onsite concierge, secure allocated parking and is located moments from Limehouse short walk in to Canary Street, Wharf. E14 Fleet House, Limehouse, E14 DLR station and aLamb Court, Narrow

• Two double bedrooms • Two bathrooms • Secure underground parking • Balcony £349,950

Basin Approach, Limehouse, E14

Actions speak louder than words.

Contact our sales £1000 perteam week today for a free, no obligation valuation.

£335,000

SO Shackleton Court, Isle Of Dogs, E14 • Direct river views • Two bedrooms • Two bathrooms • Balcony

A unique opportunity to rent one of Limehouse’s most prestigious town houses situated in Limehouse marina. This impressive property is arranged over three floors and features an extensive reception room with adjoining kitchen, three private balconies; three double bedrooms, a further double room on the ground floor, three bathrooms, utility room and an integral garage as well as off street parking. The property is available to rent either furnished or unfurnished and is ideally located for Canary Wharf and Limehouse DLR station.

Neutron Tower, Virginia Quay, E14 • Two double bedrooms • Large balcony • River views • 11th floor £375,000

Dunbar Wharf, Narrow Street, E14

020 7538 9250

£1500 per week

Millennium Harbour, South Quay, E14 • Two bathrooms • Two bedrooms • River views • Balcony £449,950

£525,000

Chinnocks Wharf, Narrow Street, E14 • Two bedrooms • Two bathrooms • Direct river views • Balcony

A simply stunning three double bedroom duplex penthouse apartment with direct river views. The property has been refurbished to a very impressive specification and is arguably one of the finest penthouses in Docklands, the property is approximately 2500 sqft and features a master suite with dressing area, large fitted kitchen with breakfast room, integrated audio system throughout, glass staircase and many rooms offering 180 degree views from floor to ceiling windows.

Millennium Drive, Isle Of Dogs, E14 • One double bedroom • Secure car parking • River views • Refurbished throughout £275,000

www.lourdes-estates.com

Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP 020Lourdes 7538 9250 www.lourdes-estates.com

Lourdes Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP

River Habitat RiverHabitat.co.uk

BELGRAVE CT, CANARY RIVERSIDE, E14 FANTASTIC RIVERVIEW FLAT WITH EASY CANARY WHARF WALK

BARTHOLOMEW COURT, VIRGINA QUAY, E14 SUPERB PURCHASE OPPORTUNITY WITH LARGE BALCONY

n 1,592 Sq. Ft. Beautiful Two, Double Bedroom Apartment n Stunning Floor To Ceiling Curved Windows n Juliet Balcony With Breathtaking N.W. View n Parking Space. Available Mid-December 2011

n Spacious Two Bed, Two Bath, 5th Floor, River View Flat n Panoramic Views Of River And 02 Dome n Easy Walk Into Canary Wharf n Balcony And Secure Underground Car Parking Space

£1,200,000 LEASEHOLD

£395,000 LEASEHOLD

BELGRAVE CT, CANARY RIVERSIDE, E14 A SUPERB UNFURNISHED THREE DOUBLE BEDROOM FLAT

EATON HOUSE, CANARY RIVERSIDE, E14 A BEAUTIFUL ONE DOUBLE BEDROOM FLAT

n 1,843 Sq. Ft, Wooden Floors Throughout n South and West Facing Reception n 3 Double Bedrooms, 3 En-Suite Bathrooms and Cloakroom n Portered Building, 24 Hour Security. n Available Unfurnished n Underground Car Parking Space

n 859 Sq. Ft. with Balcony n South Facing n Double Bedroom, Good Sized Reception, Bathroom, Cloakroom n One Underground Car Parking Space n High Spec including Coil Fan Heating and Cooling System n Portered Building, 24 Hour Security

£1,050 pw

£480,000 LEASEHOLD

• info@RiverHabitat.co.uk • T: 020 7791 9830 • F: 020 7791 9831 • The Suite LG. 655 Commercial Road, Limehouse, London E14 7LW

newhomes

The first rung of

the property ladder RON RADWAY GOES BACK TO THE START WITH PROPERTY BUYING

he first port of call, whether you are a first time buyer or a mover, is to secure a mortgage in principle. It is not, as many discover, to find your dream home and assume everything falls into place naturally, before facing bitter disappointment. Unfortunately, you cannot assume that a mortgage is readily available. Although the situation has improved over the past 12 months, criteria are still tight and lenders’ moods still flighty. Therefore you may find yourselves declined for the most spurious of reasons. Once you have a decision in principle, either by using the services of a broker, or by doing your own homework and dealing direct, you have to consider affordability. Very few lenders offer interest only deals at present, so if you are on a budget you will no longer have the option of postponing a payment plan for a year or two, when your circumstances might alter. Apart from every day expenses (utilities, council

148

tax, car, etc) you also have to take into account associated ongoing costs like insurances. These include building and contents, life, critical illness and income protection plans. All of these are important and need to be seriously considered, but, of course, need to fit a budget. When buying a property you will also need to pay for surveyors’ fees, solicitors’ fees and stamp duty. It is much easier to organise these aspects prior to finding your new home, so as not to complicate an already difficult process. If you have the time and confidence you could arrange this all for yourself. However, an experienced mortgage broker will alleviate most of the issues, and make the whole process as painless as possible. You can find one near you by visiting websites such as www.unbiased.co.uk n Ron Radway is a Mortgage Consultant with OneCall Financial Advice Centre. For further details visit www.onecallonline.co.uk or call 020 3174 0422

London's Finest Properties

LETTINGS

SALES

Lanterns Court, E14

Ontario Tower, Canary Wharf E14

California Building, Deals Gateway, SE13

£350.00 per week

£350 per week

Mulberry Court, Cable Street E1

Oceanis Apartments, Royal Victoria Docks E16

New Providence Wharf, Canary Wharf, E14

No 1 Pepys Street, E1

Starting from £350 per week

£400 per week

£409,950

£435,000

Barge Walk, City Peninsula, SE10

The Landmark, East Tower E14

New Providence Wharf, Canary Wharf, E14

New Providence Wharf,E14

• 2 Bedroom / 2 Bathroom Apartment • Highly Prestigious Riverside Development • Excellent Condition Throughout • Valet Parking • 24hr Concierge and Exceptional Leisure Facilities

• Stunning 10th Floor Apartment • Uninterrupted River Views From Front And Rear • Excellent Condition Throughout • Secure Underground Parking • 24hr Concierge And Exceptional Leisure Facilities

£450.00 per week

£525 per week

£490,000

£555,000

• One bedroom Apartment • Fully Furnished • 7th Floor • On-Site Gymnasium • Concierge Service • Nr. Deptford Bridge DLR

• A Selection of 1,2 and 3 Bedroom • Apartments • Furnishing Available • Short walk from the City of London • Parking Available • Nr. Shadwell St

• Two Bedroom Apartment • Fully Furnished • 15th Floor • Parking Available • Concierge Service • Nr. North Greenwich

• Unique 13th Floor 3 Bedroom / 3 Bathroom Apartment • 3 Balconies • Secure Underground Parking • High Level Of Specification • 24hr Concierge • Moments From Heart Of Canary Wharf And Transport Links

£1,100,000

• Two Bedroom Apartmen • Fully Furnished • 9th Floor • Balcony • Parking Available • Nr. Royal Victoria DLR

• One Bedroom Apartment • Fully Furnished • 24th Floor • Secure Underground Parking • 24hr Concierge Service • Nr. South Quay DLR

• 4th Floor • Stunning Riverside Development • 2 Bedroom / 1 Bathroom • Balcony • Valet Parking • Moments from DLR and Jubilee Line

Lowry House, Canary Central, E14

• One Bedroom/ One Bathroom • Exceptional Order Throughout • Fully Furnished • 24hr Concierge • On Site Pool And Leisure Facilities • Moments From South Quay DLR

£275,000

• 4th Floor • Spacious 1 Bedroom / 1 Bathroom • Exceptional Order Throughout • Secure Allocated Parking • Fully Furnished • Porterage

Sales | Lettings | Corporate Services | Property Management www.liferesidential.co.uk

Central London 020 7582 7989

West London 020 8896 9990

Finchley 020 8446 9524

Docklands 020 7476 0125

Deptford & Greenwich 020 8692 2244

2011-06-23 18:04:28

94.126.43.186

TOWER BRIDGE

Temple Gardens Hertfordshire WD3 An outstanding detached house beautifully located in grounds of about an acre overlooking the former boating lake in the heart of the renowned Moor Park Golf Course. All of the principal rooms enjoy views over the beautiful grounds. The house which is set back from the road is approached through a security gate over a wide driveway which provides extensive parking entrance hall | drawing room | family room | dining room | main bedroom (en suite) with dressing room | 6 further bedrooms (en suite) | kitchen/breakfast room | utility room | cloakroom | eaves storage | integral garage | 2 balconies | grounds of about 1 acre

Guide price ÂŁ3,950,000 freehold

cluttons.com

020 7407 3669

towerbridge@cluttons.com

2011-06-23 18:06:01

94.126.43.186

TOWER BRIDGE

Dartmouth Hill Blackheath SE10 A three bedroom loft house located close to The Heath which has been completed to create a bespoke signature home. The house is arranged over two floors and benefits from a vaulted ceiling, wooden beams and a spacious private terrace area located by the main entrance to the house. Attention to detail throughout helps to create the perfect blend between period and modern entrance hall | reception room with open-plan kitchen and dining area | main bedroom (en suite) with dressing area | 2 further bedrooms (1 en suite) | further bathroom | study | basement storage | terrace

Guide price ÂŁ1,150,000 freehold

cluttons.com

020 7407 3669

towerbridge@cluttons.com

A prominent detached residence (492 sq m/5,296 sq ft) situated on a 0.24 acre plot within this secure gated domain located only moments from Hampstead Heath. A stunning double volume reception hall with striking sculpted feature staircase leads to exceptional living space ideal for large scale entertaining whilst the upper floors provide well planned family accommodation comprising five bedrooms and six bathrooms featuring an indulgent principal bedroom suite boasting ‘his’ and ‘her’ dressing rooms, bathrooms and a large private terrace. The property also benefits from a ‘state of the art’ cinema room, intelligent Lutron lighting and music system, under floor heating, comfort cooling, CCTV and a magical cascading south east facing rear garden with very large terrace and summer house. Single integral garage with additional off street parking for two cars.

www.telegraph-hill.co.uk Freehold £7,950,000

A development by:

Joint Sole Agents:

LAWRENCE_WARD_CityMag_May2011 24/05/2011 15:48 Page 1

newHOMES

Your essential guide to new local developments. Read up to the minute information about star apartments, good investments, yet to be launched to the market properties, and the best in innovative design, architectural excellence and chic, city style. This dedicated section covers luxury projects throughout Blackheath, Camberwell, Dulwich and other select areas of South East London.

Capital Gains

LONDONâ&#x20AC;&#x2122;S PROPERTY MARKET

Style In Central

THE NEO BANKSIDE DEVELOPMENT

newhomes

Property Latest By Ben West

agents report dramatic increase in relocations to London Estate agents have seen a 20 per cent increase in enquiries from relocation agents over the past two months, indicating increased confidence in the capital among the international business community. Budgets are also increasing to levels not witnessed for several years. Up to the first quarter of this year, the majority of relocation agent activity was on behalf of junior or entry-level employees, and while that sector of the market remains strong, there has been a significant increase in enquiries on behalf of senior executives with higher rental budgets in the region of £1,000 per week upwards. The increase in relocation searches is spread across a broad range of business sectors, including accountancy, law and IT companies,

as well as financial services. “Relocation activity is a reliable indicator of confidence among the business community,” says Lynn Hilton, partner for residential lettings at Cluttons. “London has withstood the recession well but relocation agent demand had dropped significantly until last year, now activity levels are increasing

Now is the time to buy property The Worldwide Property Group has released figures from its latest tracker survey and the results reveal that confidence in property both here in the UK and abroad remains high. The survey focused on a number of areas such as house price and interest rate expectations, general confidence, buying intentions, and views on property as an investment. Significantly, 84 per cent of respondents stated that they believed now to be a good time to buy a property in the UK. Three in every four people surveyed believe property offers the best investment potential of any major investment. Just 28 per cent of those interviewed expect UK property values to fall over the coming year with an even split between those who expect prices to either increase or remain static. Eighty-five per cent expect the BOE base rate to rise at some point over the next year, while 65 per cent said that they were still benefiting from the current low level of interest rates with 58 per cent saying this had increased their desire to buy a property.

rapidly,” she adds. “New talent is flooding into London at a rate not seen since the height of the market in 2007. We have had enquiries on behalf of top executives with budgets up to £10,000 per week. The fact that firms are prepared to make this investment to bring their highest ranking staff to London is extremely encouraging.”

tennis courts and leisure facilities prove big draw for buyers When buying a property, outside space can come at a premium, and yet recently it is fitness facilities such as tennis courts which are proving to be especially popular among buyers. Hard courts are more popular than lawn courts as they are considerably easier to maintain, are useable throughout the year and do not present significant safety issues. “Having a tennis court installed can certainly add value to a property,” says Alex Gamble, account director at Fabricproperty.com a luxury lifestyle and property portal for London. “However, anyone considering installing

one should make sure there is enough space so that it doesn’t dominate the garden too much. Ideally the plot where your tennis court is placed should be more than an acre and a half.” Tennis courts require planning consent and permission can be refused by the local council, who are very strict about even minor details, such as the colour of the fencing around the court. Yet the time and money involved in installing a court may well be worth it, as buyers appreciate the benefits of a ready-made court and will often be more likely to spend that bit closer to the asking price to get one.

NEWS IN BRIEF The Royal Wedding Effect Agents across the capital are attributing a recent surge in sales and lettings enquiries to the international hype surrounding the wedding of the Duke and Duchess of Cambridge. Previously, analysts have been quick to suggest a lack of available stock and political unrest in the Middle East were driving investors to London, but many are now acknowledging that the market has recently benefited from the media spotlight which was placed on the nuptials. With the approach of the Olympic Games it is likely that visitors will continue to enjoy all that the capital has to offer and seek a base here.

Broadgate redevelopment possible

London prices continue to rise A Chesterton Humberts house price poll has found that the average price of a house in north London is now £367,594, which is around 1.2 per cent higher than last year. And there’s good news down south as well, with the average price of a house in south London now coming it at £305,249; this figure shows an annual increase of 0.2 per cent. These impressive figures demonstrate that London’s booming property market not only applies to central areas, and experts are confident that this trend is set to continue with the redevelopment of East London areas such as Stratford.

The government have rejected proposals from English Heritage which would have seen the city’s Broadgate Estate given a restrictive listing. The proposals suggested that the 1980s scheme was architecturally and culturally significant but both The City of London authorities and British Land and Blackstone who collectively own the campus, feel that regeneration will benefit the area. The City headquarters of UBS will now undergo an £850m renovation.

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newhomes

DEVELOPMENT FOCUS River of Dreams The South Bank is a vibrant area to work, play â&#x20AC;&#x201C; and now live, says Lana Jordan

he South Bank is famed for its social and cultural landmarks, including the prestigious Tate Gallery, London Eye and a plethora of brilliant restaurants. However, an iconic development of 199 apartments and penthouses is set to make the area prime residential territory. NEO Bankside consists of four stunning pavilions which overlook the River Thames. The development has been designed by acclaimed architects Rogers Stirk Harbour and Partners and has a striking steel, glass and timber appearance. The team has ensured that each apartment and penthouse also benefits from floor to ceiling windows and accommodation is accessed by external glazed lifts, to allow breathtaking views of the local area. Inside, properties are available with up to three bedrooms, but equally conscientious design means space is optimised throughout. An innovative external bracing system has removed the need for internal structural walls, flooding each property with light and allowing a flexible layout. In terms of outside space, most apartments will include winter gardens, which take the form of enclosed terraces integrated into the living areas and intended as perfect entertaining venues. However, the entire complex has been conceptualised with ecology in mind and linear groves of birch and alder, fruit trees, beehives and a herb garden are currently being put into place. These landscaping elements are among those aspects envisaged to form part of a five star lifestyle experience for occupants. Premium shops, bars and restaurants are currently being chosen for the ground floor of NEO Bankside to create a vibrant atmosphere and sense of luxury and convenience. There will also be a state-ofthe-art gymnasium and day spa on site to cater to the health and fitness needs of residents. These residents are likely to be affluent city professionals, owing to the complexâ&#x20AC;&#x2122;s location in the heart of the capital. Final completion of the project is scheduled for the springtime of 2012, when locals will be able to benefit from the newly-reopened Blackfriars underground stations, as well as river taxis and the Thames Path. NEO Bankside will also possess its own cycling club, for those looking to incorporate their journeys into a fitness regime, as well as underground car parking facilities, should they be required.

Star apartment Interior designer Anthony Collett has styled one of the three bedroom homes into a contemporary yet warm retreat. Keen to capitalise on the spacious nature of the development and inject a sense of personality, he has combined neutral tones with pale teals and quirky, bespoke furniture. He says: “I’ve tried to create an eclectic, organic environment that looks as good as its surroundings, where you can also kick off your shoes and relax.” £POA

Of all of the capital’s new developments, NEO Bankside is equipped with some of the most interesting additions. A private business centre epitomises the project’s commitment to 21st century living in all its guises, while a temperature-controlled wine cellar will also be available in partnership with leading merchants Berry Bros & Rudd who are on hand to provide storage advice. On a day-to-day basis, a concierge service will arrange newspapers and morning coffee, in addition to ad hoc requests such as theatre tickets. Such planning reflects a wider trend in the capital for new luxury accommodation to be modelled on the service and facilities of a sophisticated hotel. n Prices start at £1m for a two bedroom apartment www.native-land.com www.grosvenor.com

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A NEW BEGINNING

IN LONDON STRATFORD Computer generated image

Stunning marketing suite and show apartment opening July • Highly speciﬁed contemporary apartments • Excellent transport links from Stratford station • Stratford offers excellent shopping with the soon to be opened Westﬁeld Centre • Close proximity to 2012 Olympic Park

Computer generated image of a 1 bedroom apartment

Prices from £188,950* * Price for a 1 bedroom apartment

1, 2 & 3 BEDROOM APARTMENTS AVAILABLE FOR SALE For further information please contact:

0844 800 5578 www.site-sales.co.uk

2580 SS AURORA A4 CW&City Mag ad.indd 1

21/6/11 15:58:19

UNIQUE HOMES, UNIQUE SERVICE, UNIQUE PEOPLE A t a i l o r e d s e r v i c e f r o m L a n g f o rd R u s s e l l f o r d i s t i n c t i ve a n d e x c l u s i ve h o m e s

DENBRIDgE ROAD, BICKLEy PARK BR1

A truly elegant residence of significant proportions and a fine example of the ‘Arts & Crafts’ architectural style of Ernest Newton. Located on the prestigious Bickley Park Estate just 0.2 miles from Chislehurst Station. Occupying a plot of three quarters of an acre with heated swimming pool and garage block with accommodation.

PRICE ON APPLICATION

MANOR WAy, BECKENHAM BR3

A fine Post-Edwardian Mansion occupying a west facing plot of approximately a third of an acre located in the heart of Beckenham opposite Kelsey Park. Five Bedrooms with three receptions plus a wonderful Kitchen/Breakfast Room and spectacular Garden Room. The Annex provides two bedroom accommodation with Office or Games Room above.

£1,875,000 F/H

UNIQUE is a Specialist Division of Langford Russell

Unique at Langford Russell Chislehurst Office 13 High Street, Chislehurst, Kent BR7 5AB Tel 020 8378 1222 Email enquiries@uniquepropertiesuk.com

Offices Also At: Beckenham & Bromley

www.uniqueproper tiesuk.com www.langfordr ussell.co.uk

living local

State of the market Alasdair Carpenter, Company Director of Lourdes estate agents, comments on the state of the residential property market

like a phoenix from the flames

or a sustained and lengthy time after the collapse of the property market in late 2007, first time buyers became an endangered species as more stringent lending criteria and larger deposits were required by mortgage lenders. The average age of first time home owners increased significantly and, even still, a large number of those that did successfully make it onto the housing market did so with financial assistance from a family member. Now though, a number of sources have released data suggesting that London is leading the way in terms of the flow of first time purchasers. According to a recent survey conducted by rightmove.co.uk it found that nationally 27 per cent of buyers over the next 12 months would be first time homeowners where as in London the figure was a staggering 42 per cent. The long term health of the market would usually require a level of around 40 per cent of transactions coming from first time buyers. The property market is cyclical, it requires a top and a bottom and without a bottom transaction levels falter and key segments of the market and broader society suffer. Over

162

the past few years London has in some respects survived the lack of first time buyers by inward investment from the overseas investment markets. Currently one in every three new homes in the capital are sold to an overseas investor. More first time buyers will invariably lead to a more active market with a marked increase in transaction levels. In my opinion this is a direct result of the publicâ&#x20AC;&#x2122;s perception that London prices are set to recover in the next 12 months. First time buyers are effectively calling the bottom of the market and are now making moves to beat the forecast price increases. Would-be buyers are also benefiting from some historically low mortgage rates and an underlying belief that interest rates will remain low for the foreseeable future. Brace yourself, the topic of conversation at dinner parties across London could soon be returning to the staple of property prices. n Lourdes Estate Agents 020 7538 9254 www.lourdes-estates.com

A TUSCA N DR EA M, 800 Y EARS IN THE MA K ING Pisa approximately 45 minutes, Florence and Siena approximately 1 hour Toscana Resort Castelfalfi is a 1,100 hectare estate set around a stunning historic ‘borgo’. Beautiful apartments, traditional farmhouses and a selection of newly built villas. Overlooking an established 27-hole golf course, the borgo will also include a boutique hotel, 2 restaurants, cafe and range of shops. Apartments from €230,000. Villas from €1,200,000. Traditional farm houses – price on application W W W. C A S T E L FA L F I . I T

55 Baker Street, London, W1U 8AN +44 (0)20 7629 8171 rupert.fawcett@knightfrank.com

HIRSH L O N D O N

HARMONY COLLECTION HANDMADE IN PLATINUM

Famous for engagement rings www.hirshlondon.com

WEST END 56-57 BURLINGTON ARCADE W1J 0QN T 020 7499 6814 - CITY 9 HATTON GARDEN EC1N 8AH T 020 7831 3333

CanaryWharfJulyHarmony.indd 1

07/06/2011 12:53