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

LONDON Homes&

PROPERTY S h o wcas i n g th e f i n e st h o m e s i n y o u r a r e a

JUNE 2011 - issue 008

Covering bLACKHEATH, GREENWICH, DULWICH & OTHER SELECT AREAS OF SOUTH EAST LONDON

Signature style

Properties with personality

Celebrate summer Living life alfresco

Halesworth Road, SE13 Offering generous living accommodation, King Sturge are presenting a rarely available six bedroom Victorian terraced house which is bursting with period features. The versatile accommodation is set over three main floors, divided by split level landings giving many usable rooms. The property is presented in excellent order throughout and in our opinion would make a beautiful family home. Conveniently situated for Lewisham DLR, mainline station and the town centre. This property represents an opportunity not to be missed and is offered chain free. Early viewings are highly recommended.

ÂŁ599,950 - FREEHOLD

Hassendean Road, SE13 Situated on this extremely popular road within the rectory fields conservation area comes this beautifully presented period cottage. The stylish accommodation offers period charm with a contemporary feel throughout. The accommodation offers: reception room to front, open plan kitchen diner which opens onto a very sunny rear garden. Upstairs offers 2 double bedrooms a huge modern bathroom and a further loft room. This property represents a real find and a one off. An internal inspection is essential.

ÂŁ385,000 - FREEHOLD

www.kingsturge.co.uk

Blackheath Office - 020 8852 8383 blackheathsales@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Granville Park, SE13

£239,000 - LEASEHOLD

Vanbrugh Fields, SE3

£390,000 - LEASEHOLD

Positioned on this popular road with the heath at the top and Lewisham DLR at the bottom comes this one bedroom first floor converted apartment. The immaculate accommodation comprises spacious lounge, large double bedroom and a modern and contemporary kitchen and bathroom.

Located on a favoured road minutes from the open heath and Greenwich Royal Park, this large three bedroom apartment is presented over two floors and offers excellent scope for development. The apartment has generously proportioned rooms and is extremely light throughout.

Micheldever Road, SE12

£925,000 - FREEHOLD

King Sturge are delighted to offer for sale this exceptional five bedroom French style semi detached house built c.1890 with Mansard roof and situated in the heart of Lee Conservation area and within the Brindishe school catchment area.

Kidbrooke Park Road, SE3

£157,000 - LEASEHOLD

A beautifully presented studio apartment within this attractive period detached house. The accommodation comprises openplan reception room/bedroom and kitchen and separate bathroom and benefits from off street parking.

Eastern Road, SE4

£625,000 - FREEHOLD

Eton Grove, SE13

£595,000 - FREEHOLD

An outstanding four bedroom semi-detached period family house located in a sought-after street within the Brockley conservation area and benefitting from extensive views over the park of Hilly Fields.

A delightful three storey, Victorian end of terraced, two/three bedroom period house situated in an exceptionally quiet location within easy walking distance of Blackheath Village and mainline station and Lewisham mainline and DLR stations are also within close proximity.

www.kingsturge.co.uk

Blackheath Office - 020 8852 8383 blackheathsales@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Steer House, Point Hill, SE10 A spectacular and unique five bedroom detached family home occupying an elevated position in a sought after road in West Greenwich. Conveniently located for access to Greenwich main line and DLR stations, and the shops, bars and restaurants of central Greenwich are all close by.

ÂŁ1,495,000 - FREEHOLD

Dutton Street, SE10 A truly stunning and considerably improved three bedroom semi-detached home located in a sought after street in West Greenwich. The property features the additional benefit of private off road parking. Conveniently located for access to Greenwich main line and DLR stations.

ÂŁ825,000 - FREEHOLD

www.kingsturge.co.uk

Greenwich Office - 020 8858 9986 greenwichsales@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Theatro Tower, Creek Rd, SE8

£349,950 - LEASEHOLD

A stunning and very spacious two bedroom third floor apartment within a stylish, recently constructed development close to the centre of Greenwich. The accommodation comprises entrance hall, open plan living room/kitchen, master bedroom with en-suite shower room, second bedroom and bathroom.

Tanners Mews, SE8

£155,000 - LEASEHOLD

A well-presented one bedroom ground floor conversion flat forming part of a small mews development. The accommodation comprises entrance hall, living room bedroom and bathroom. The property is conveniently located for access to St Johns main line station, DLR and New Cross underground.

Merchants House, SE10

£550,000 - LEASEHOLD

A stunning, bright and spacious two bedroom triplex apartment located in this sought after riverside development close to the centre of Greenwich. The property features an amazing 20’3 x 20’1 roof terrace, separate balcony and secure, allocated parking. Conveniently located for access to Maze Hill main line station.

Moseley Row, SE10

£485,000 - FREEHOLD

Pennington Way, SE12

£210,000 - FREEHOLD

A superb and spacious three bedroom live/work end terrace house in a sought after location in Greenwich Millennium Village. The property features no fewer than three balconies plus a 14’3 terrace and is conveniently located for access to North Greenwich jubilee line tube station and the 02.

A beautifully presented two bedroom terrace house in a sought after development in Grove Park. The accommodation comprises entrance hall, cloakroom, reception room, kitchen, two double bedrooms, bathroom, pretty rear garden and driveway to the front.

Indiana Building, SE13

£215,000 - LEASEHOLD

A bright and larger than average one bedroom fifth floor apartment in this popular development, OneSE8. The accommodation comprises entrance hall, living room/open plan kitchen, bedroom, bathroom and secure, allocated parking. The property benefits from a 24 hour concierge, gym with lap pool, and general store.

www.kingsturge.co.uk

Greenwich Office - 020 8858 9986 greenwichsales@kingsturge.com With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Tel: 020 8463 9955 www.heathestates.eu

Kidbrooke Grove, Blackheath, SE3 £2,100pcm & £2,450pcm

Granville Park, SE13 £1,300pcm

We are delighted to offer two beautiful, spacious conversions in the ever sought-after, tree lined Kidbrooke Grove. Close to both the open heath and within walking distance of Blackheath Village & BR station. The two bedroom conversion forms the entire hall ﬂoor and the three bedroom the garden ﬂoor. Period features and well maintained communal garden.

A fabulous first floor conversion in this well maintained period house. Accommodation comprises very large lounge/diner with ornate period fireplace, beautiful wood flooring and bay window, well-fitted and equipped kitchen with solid wood units, Good size double bedroom with built-in wardrobes, spacious bathroom w/c with shower facility. Benefits include gas central heating, freshly decorated throughout, pretty wellmaintained communal gardens, within walking distance of the open heath, DLR and BR stations.

St Johns Park, Blackheath, SE3 £1,450pcm

Kidbrooke Park Road, SE3 £1,650pcm

A delightful 3 bedroom ground floor apartment located in one of the most sought-after roads in Blackheath, close to shopping facilities at Blackheath Standard, Westcombe Park BR station, Greenwich Park, the open heath and Blackheath Village. Benefits include parquet flooring, double glazing and gas central heating.

Heath Estates GUI June sales-lets dps.indd 2

A superb two double bedroom, two bathroom end of terrace house situated within walking distance of the open heath and Blackheath Village. Accommodation comprises lounge/diner with double door to private garden, well fitted and equipped kitchen, D/s w/c, first floor master bedroom with en suite and built in wardrobes, second double bedroom with built in wardrobes. Modern bathroom w/c with shower facility. Gas central heating, off-street parking, garden.

19/05/2011 16:54:36

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Tel: 020 8463 9955 www.heathestates.eu

Havelock Walk, SE23 £1,200,000 Freehold Tel: 020 8463 9955

Set within the thriving and artistic community of Havelock Walk, a charming mews in the heart of Forest Hill, comes this spectacular live/ work gallery and spacious home. Designed by the renowned sculptor Jeff Lowe, this unique and versatile warehouse, set over three floors, boasts approximately 5,000sq ft of space and incorporates many features such as cast iron radiators from France, art deco shop counters and cast iron columns from Spittlefields Market to shop counters and post office sorting desks. A perfect setting for a multitude of creative businesses.

www.heathestates.eu

D L O

T E L

Blackheath/Lewisham Borders, SE13 £285,000 SoF This spacious two bedroom first floor conversion situated close to the heath and within easy walking distance of mainline and DLR stations represents great value. Large lounge/diner, well fitted and equipped kitchen, two double bedrooms, bathroom with shower facility.

Westcombe Park SE3 £283,000 Leasehold

Last one for sale. This spacious and contemporary two double bedroom apartment located in a prime spot in Westcombe Park is ﬁnished to an excellent standard and is offered onto the market chain free. Just a stone’s throw away from Westcombe Park train station and local shops including a newsagent, grocery store, restaurants, health club and hairdressers. This chic apartment is ideal for the commuter travelling to Canary Wharf, City and the West End.

23 Montpelier Vale, Blackheath, London SE3 0TJ Tel: 020 8463 9955

23 Montpelier Vale, Blackheath, London SE3 0TJ Tel: 020 8463 9955 Heath Estates GUI June sales-lets dps.indd 3

19/05/2011 16:54:41

190mm x 138mm

'VS[FGJFME 3PBE 4& ÂŁ ,000 A beautifully presented two double bedroom Victorian cottage full of period character. This delightful property retains many period features including fireplaces and sash windows, with other benefits including large contemporary bathroom with separate shower, two receptions, good sized kitchen and pretty garden to rear. The property is situated in the popular Rectory Fields Conservation area with Blackheath Standard shopping facilities close by, Westcombe Park train station is a short distance further.

93mm x 70mm

190mm 190mm x 138mm x 138mm

H8FTUDPNCF 1BSL 3PBE 4& H8FTUDPNCF 1BSL 3PBE 4& ÂŁ1, 00,000 ÂŁ1, 00,000 A well A well presented presented 5/65/6 bedroom bedroom semi semi detached detached period period house house situated situated in one in one of Westcombe of Westcombe Park's Park's most most sought sought after after locations. locations. This This spacious spacious family family boasts boasts many many features features including including French French solid solid oakoak flooring, flooring, 'CP'CP Hart'' Hart'' fitted fitted kitchen kitchen with with 'Gaggenau' 'Gaggenau' appliances, appliances, restored restored period period fireplaces, fireplaces, large large master master suite suite with with en en suite suite facilities, facilities, driveway driveway parking parking andand pretty pretty 80ft80ft south south facing facing garden garden to rear. to rear.

93mm 93mm x 70mm x 70mm

JUNE

Welcome note...

e are half way through 2011 now, and what a year it’s been already. We loved watching the Duke and Duchess of Cambridge tie the knot at the end of April, a thoroughly royal affair which delivered on all the style levels we had hoped it would. Now it’s onto preparing for the next big London event – Olympics 2012 – which will bring some much welcomed pomp and ceremony to the capital for three wonderful weeks. Property prices and rental costs are already seeing the benefits of this event, with many residents choosing to vacate the city for a month to make the most of high rental yields expected over the course of the sporting month. If you are thinking of renting out your property, or if you’re just inspired by the recent good weather, you might want to give your home a little refresh, so you (and potential tenants) can enjoy everything that summer in London has to offer, and this month’s interiors section covers everything you need for the perfect outdoor dinner party. Find out how to live the

life alfresco on p.36, while on p.45 we speak to gardens designer Luciano Giubbilei about designing fresh, welcoming spaces that the whole family can enjoy, whatever the size of your garden. In addition, we meet innovative furniture designer Adam Williams who specialises in creating unique pieces in bronze, (p.41) and showcase award-winning house design which protects the environment, reducing emissions and lowering your energy costs. Get the lowdown on p.46. Our Development Focus this month features a unique property in up and coming Woolwich, a development which matches modern panache with classic period character (p.60). We also look at some of the most exciting new properties coming onto the market (p.58), as well as considering what’s happening in your local area (p.16) and investigating buying opportunities in Paris (p.50) and holiday home options in Croatia (p. 52). Happy hunting, wherever you’re looking!

LONDON Homes&

PROPERTY Editorial Director Kate Harrison

Editor

Emma Mills

contents

Assistant Editor Gabrielle Lane

living local

Head of Design Hiren Chandarana

Senior Designer Dalton Butler

Designer

Ashley Lewis

Production Manager Fiona Fenwick

Production Daniel Harris

16 18 20 21 23

Area News

Out & About My London The View from Here State of the Market

Advertising Mij Rahman

life style

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

JUNE 2011 - issUE 008

Covering bLACKHeATH, greenWiCH, DULWiCH & oTHer SeLeCT AreAS oF SoUTH eAST LonDon

signature styLe

ProPerties with PersonaLity

Celebrate summer Living Life aLfresco

Property Latest p.58 Kelly Hoppen House, image courtesy of Mel Yates

35 36 41 43 45 46

Interiors News The Trend Designer Focus Must Have Item Gardens Eco Homes

live overseas 50 52

Buyersâ&#x20AC;&#x2122; Guide to Paris Garden of Eden

new homes 58 60 66

Property Latest Development Focus Mortgage Update

Grove Lane, SE5

£1,395,000 – Freehold

Woodwarde Road SE22

£ 1,300,000 – Freehold

Lewisham Way, SE4

£1,300,000 – Freehold

A classic example of Georgian architecture, this immaculate townhouse forms part of a Grade II listed terrace on Grove Lane- arguably one of the finest Georgian terraces in London. Set over four stories, this 4 bed home has been styled to an impeccable standard throughout; each room attentively decorated to accentuate the intrinsic Period features.

This five double bedroom semi detached house is a prime example of Edwardian architecture. Presented in pristine order throughout, original features have been restored, maintained and softened with tasteful modern-classic decor. Located near Court Lane Gate & Dulwich Library, within walking distance of North Dulwich station.

Investment opportunity, 6 flats within a beautiful Grade II listed Georgian home. Made up of studio and one bed flats, this property offers an excellent investment opportunity. All flats are rented out on ASTs and offer a gross rental income of rougly £56,000 p.a. Located close to New Cross Gate and New Cross (ELL) Rail station and St John’s (DLR).

Perry Vale, SE23

Friern Road, SE22

Melbourne Grove, SE22

£975,000 – Freehold

£699,950 – Freehold

Truly unique detached house, built in 1901 by renowned Master Builder, Ted Christmas. The house has been updated in a sympathetic manner, offering all of the mod cons of a new house yet retaining the period charm and detailing of a property associated with the era. Accomodation comprises 8 bedrooms, approx 3500sq. ft internal space and 150ft garden.

An imposing five bedroom Victorian semi-detached home located on one of East Dulwich’s sought-after residential roads. A natural five bedroom house with well proportioned rooms, it makes for an ideal family home. Located at the top of Friern Road, close to Dulwich Park, Goodrich school and St. Anthony’s R.C. school.

Set within an idyllic residential road, this four double bedroom terraced home will enchant all who enter. The south westerly rear garden is accessible from the kitchen/diner and rear reception. Melbourne Grove is arguably the most sought after road in East Dulwich, offering an uncommon mix of quiet accommodation and close proximity to the high street and station.

Gowlett Road, SE15

Mundania Road, SE23

East Dulwich Road, SE22

£640,000 – Freehold

Picturesque Victorian terraced house situated on a charming residential road. Offering expansive living space, four double bedrooms and a large garden, makes this an ideal family home. Situated off the Bellenden Conservation area and near to Goose Green, it is well located for East Dulwich Rail Station as well as Lordship Lane and Peckham Rye.

£380,000 – Leasehold

Grade II listed Victorian church development containing all the characteristics of 19th century Gothic Revival architecture. Ornate wooden joists & windbraces,intricate cornicing and mullioned stained glass windows are contrasted by high spec kitchen and bathroom suites. Near Honor Oak station it’s convenient for central London and Canary Wharf.

£335,000 –Leasehold

A smart, split level, two bedroom flat located on the top floor of a grand Victorian house. With it’s own section of garden at the rear, this flat overlooks Goose Green-an open green space favoured by many a reader on sunny afternoons. The property is excellently located with East Dulwich train station and Lordship Lane within walking distance.

Homes of Distinction tel 020 8693 2277 email sales@truepennys.com web www.truepennys.com advert-SE 16.05.2011a.indd 2

5/23/2011 4:10:17 PM

www.truepennys.com

Ryedale, SE22

£499,995 – Freehold

SO LD

020 8693 2277

Underhill Road, SE22

£425,000 – Freehold

Underhill Road, SE22

£315,000 – Leasehold

Four bedroom end of terrace house with wide side return. In need of modernisation and remedial works, this property has been priced accordingly and a potential investment for the discerning purchaser. Located on a residential road just off Forest Hill Road and near to Peckham Rye Park. Honor Oak station is also nearby.

This enchanting Victorian terraced cottage has been resplendently refurbished, with an open living/ dining area. Upstairs accommodation comprises of two double bedrooms and a large four piece bathroom suite. Located within walking distance to East Dulwich station and the local shops & restaurants of Lordship Lane and Northcross Road.

Smart two double bedroom garden flat that has just undergone a thorough refurbishment and extension. Finished throughout to a high standard with wall embedded fittings for a flatscreen, integrated coffee maker and wine cooler in the kitchen. Both bedrooms lead out onto a fantastic private rear garden.

Crystal Palace Rd, SE22

Alscot Road, SE1

Crystal Palace Rd, SE22

£2850 pcm

An impressive 3/4 bedroom family home. This Victorian construction has a whopping 175 ft garden, double reception rooms downstairs and 3 large bedrooms. Near to Lordship Lane and Goose Green. North Cross rd with it’s ever popular market is a short walk away, as is East Dulwich station approx. ten minutes from London Bridge.

£1395 pcm

This two double bedroom, two bath apartment is ideal for Guy’s Hospital. Bermondsey Spa is across the road and Borough tube station is within walking distance. Located in in one of London’s most vibrant areas, home to design studios, fashion houses, galleries, restaurants, bars& cafes. Underfloor heating, ideal for sharers

£1100 pcm

Central, first floor two bedroom Victorian conversion with spacious living room and two double bedrooms. Complete with a seperate modern kitchen and recently refitted bathroom, the flat is located at the Lordship Lane end of Crystal Palace Road near to the new Sainsbury’s local, Duwlch Park and excellent bus routes into central London.

M LET an & ag ed

5% fee We need more rental properties. During June and July, we are offering landlords a reduced 5% fee. Please contact our lettings team on 020 8693 2277 for more information.

Homes of Distinction tel 020 8693 2277 email lettings@truepennys.com web www.truepennys.com advert-SE 16.05.2011a.indd 3

5/23/2011 4:10:19 PM

HUMPHREYS SKITT & CO Established 1793

Court Road SE9

£2.25million F/H

Fine Edwardian double-fronted 6 bedroom house occupying south-facing plot in this prestigious road close to Eltham Palace. The main L-shaped reception room opens onto the terrace, swimming pool and exceptional gardens. Detached triple length garage.

Morden Road SE3

St John’s Park SE3

£695,000 F/H

Beautiful mid-terrace 4 bedroom Victorian house situated within walking distance from the Heath, Greenwich Park and the Blackheath Royal Standard. Double reception with large bay window, 2 period fireplaces & original strip-wood flooring. Contemporary kitchen/diner and family bathroom. Large cellar. Rear courtyard garden.

£775,000 S/O F/H

Prior Street SE10

£915,000 F/H

£2,650,000 F/H

West Grove SE10

£2,950,000 F/H

An exceptional 3 bedroom, 2 reception conversion flat comprising the entire top floor of an imposing detached Victorian house on the Cator Estate. Large central reception hall opening to all rooms. Living room with working fireplace and bay window overlooking the garden. Allocated parking.

Dartmouth Row SE10

Blackheath 020 8297 1697 Greenwich 020 8858 1102

Fine double fronted house, just yards from the Heath, offers 6 bedrooms, 2 reception rooms, study, 3 bathrooms (one with sauna en-suite) and kitchen/breakfast room opening onto lovely gardens. Large basement, ideal for storage or could be used as a gym. Garage and off-street parking.

www.humphreys-skitt.com

An attractive mid-terraced Georgian house in one of the most sought after roads in the West Greenwich Conservation Area.The larger than average accommodation is arranged over four floors and can be adapted to suit requirements, 3/4 bedrooms and 2/3 receptions. Well stocked garden.

Imposing late Victorian detached 6 bedroom house with panoramic City views to the rear. Presented in immaculate condition offering total living space exceeding 4,000 sq.ft. Grand entrance hall & staircase. Elegant reception rooms with ornate period fireplaces.‘Mark Wilkinson’ kitchen/breakfast room opening onto the garden.

living LOCAL

Your essential guide to the local area. Choose from the best restaurants, bars and cafes; pamper yourself at luxury spas, hairdressers and beauty salons; get the latest in style at fashion boutiques; soak up the culture at local theatres; explore the cityâ&#x20AC;&#x2122;s diverse range of museums and attractions and do your weekly shopping at exotic grocers, butchers, bakers and delis.

Design for Life British innovation in Shad Thames

Hidden Gems Local favourites in Greenwich

living local

areanews By Ben West

The secret gardens of south east London “Households in south east London enjoy larger gardens and more acreage of parks and public gardens than almost any other city location in Europe,” according to Becky Munday, head of sales at online estate agent Wooster and Stock. “Summer time in this part of London is unbeatable and new visitors to south east London are always very surprised by how green it is. It is still growing in popularity as a location of choice for young families as you get so much for your money and it has an abundance of public and private green open spaces.” Lettsom Gardens, Burgess Park, Blackheath, Dulwich Park, Greenwich Park, Lewisham Park and Myatt’s Fields Park are just a few examples of South East London’s many parks, gardens and commons that offer so much for children, families and those wanting some respite from a bustling city life. As well as wide open spaces, they offer every conceivable facility for walking, playing sports and relaxing, and they provide a great meeting place to get to know neighbours better. Facilities include tennis courts, bandstands, dedicated ball games areas, playgrounds,

Transport latest… Work has begun on building a new station at Deptford. The development, which is being funded jointly by Lewisham Council and through the National Station Improvement Programme includes constructing a new station building, including a modern ticket office, a ticket window for people with disabilities and improved passenger information. Two new staircases and two lifts are being installed to create step-free access between the station entrance and platforms. The new station is expected to be open in November this year while the full work programme is expected to be fully completed by summer 2012.

wet zones, flower gardens, sports fields, running tracks and bridle paths. One of the area’s hidden gems is Peckham’s Choumert Square, which provides idyllic homes for buyers searching for some seclusion in the city. Situated on a rare pedestrianised residential street, each home overlooks a unique floral boulevard, which leads to its award-winning communal garden. This is host to the annual summer fair held on Open Garden Squares Weekend, this year on 11 and 12 June. “There is nowhere in London quite like Choumert Square,” says Becky. “You get a really special feeling by living in such a beautiful environment, surrounded

Fewer cars for Greenwich? Plans to pedestrianise historic Greenwich, banning cars from College Approach and King William Walk, have been shelved, although Greenwich Council is still considering this for the Olympics next year. TfL is also currently looking at new options for traffic in Greenwich, while there is a growing call for pedestrian areas at the University of Greenwich’s new architecture wing in Stockwell Street.

Did you know? The first golf club in England was founded at Blackheath by James I in 1608, while Blackheath Hockey Club, founded in 1861, is the oldest Hockey Club in the world.

Image by Jerusha West

by a friendly, close knit community. As the flowers bloom and the weather warms up, Choumert Square will be one of the best spots in London to live.” South East London is becoming more and more popular with buyers as large period properties with green space are so much more affordable. In addition, quality of life in the South East is considered to be excellent. “With its quick and easy transport links to central London, the impending launch of the East London Line extension, a huge choice of fantastic boutiques, delicatessens, quality restaurants and high street shops and its abundance of wide green open spaces, you really can’t ask for more,” adds Becky.

Hop on board the World The World, the largest privatelyowned residential yacht in existence, is visiting Greenwich from June 4-8. The 12-deck vessel, containing 165 luxury residences, circumnavigates the globe every two or three years and its 2011 route will visit a total of 53 countries, with destinations ranging from St Petersburg to Peru, the Seychelles and the Norwegian fjords. There are first class amenities on board including luxury spas and cuisine prepared by Michelinstarred chefs, it really is a world class experience. Further details are available at www.aboardtheworld.com.

living local

Out&About... By Ben West

There’s always something special and inspiring at the Design Museum at Shad Thames. Its temporary exhibitions cover the range of its interests, from graphic design and furniture to fashion, industrial design and architecture. It focuses on key designs which have shaped the modern world. The fashion designer Paul Smith has described it as “the natural home for everyone who has ever enjoyed or appreciated design”. Not just for design students, there are creative workshops for kids, family days, competitions, talks, events and museum trails as well as a popular cafe. On show until 7 August is The Brit Insurance Designs Awards, ‘the Oscars of the design world’, showcasing the most innovative and forward-thinking designs from around the world, spanning seven categories: architecture, fashion, furniture, graphics, interactive, product and transport. Design Museum, Shad Thames, London SE1 2YD 020 7940 8787, www.designmuseum.org

Image by Ashley Woodfield

Escape

DRINK

SEE

Millions of people have visited Madame Tussauds since it opened more than 200 years ago. Some of Madame Tussauds’ original work and earliest relics are still on display, including the death masks from the French Revolution and the Guillotine that beheaded Marie Antoinette. Current stars on show include Brad Pitt, Kate Moss, Posh and Becks, Justin Timberlake and Kylie Minogue.

More than 200 years old, The Pilot is a pleasant pub sitting in the middle of a pretty little terrace of Victorian houses, little more than a stone’s throw from The 02 Arena. It has an attractive beer garden and offers traditional and contemporary British dishes and continental standards as well as Sunday roasts and during the summer barbecues, hog roasts and spit-roasted chickens. Accommodation is also available.

If you like comedy and the idea of visiting the Edinburgh Festival but can’t be bothered to go all that way to see some stand-up, you can check out previews at Deptford’s Albany on Fridays in June and July. On 10 June it’s the turn of Phil Nichol and Rob Beckett, on 24 June laugh along with Nick Helm and Sketch Group, Jigsaw, while on 8 July there is Matt Green and Brett Goldstein. Lastly, on 22 July there is a chance to check out Matthew Crosby and Henning Wehn.

Madame Tussauds, Marylebone Road, NW1 5LR 0871 894 3000, www.madametussauds.com

The Pilot, 68 River Way, SE10 0BE 020 8858 5910, www.fullers.co.uk

The Albany, Douglas Way, Deptford, SE8 4AG 020 8692 4446, www.thealbany.org.uk

WEAR Greenwich is blessed with a whole host of vintage clothing shops and stalls in and around its two markets. Its smaller weekend market by Greenwich Picturehouse on Greenwich High Road, is more geared to collectors with its antiques, bric-a-brac, books and other collectibles. Paul Francis has a stall on Saturdays and some Sundays. He describes his striking collection of vintage men’s clothes as ‘urban country’ and says that they are colour inspired rather than era inspired. It’s all top quality stuff, and you can often pick up the likes of a vintage Jasper Conran suit or something from Liberty. Paul’s clothes are also in demand for films, which he often does styling work for. Paul Francis, 07960 690445

BUY Oliver Bonas has just started stocking a striking chair with a difference. The Flux chair is a portable chair that can literally be used anywhere - the office, house, garden, or even on the beach. Its unique design makes it easy to transform from a portable flat-pack to stunning chair that can support up to 35 stones in weight. Available in a lively blue, dark grey, grey, red, white or yellow, the chairs are priced at £109 each. Oliver Bonas, 26 Lordship Lane, Dulwich, SE22 8HJ 020 8693 6115, www.oliverboonas.com

PLAY

EAT Make a note of the fabulous new restaurant opening very soon at the National Maritime Museum. The contemporary venue will be called 16”W Brasserie to reflect its exact location from the Greenwich Meridian Line. In time for summer, glass walls and a sweeping outside terrace will ensure the restaurant is well suited to al fresco dining, while a tempting menu has been prepared by acclaimed chef Anton Edelman. Opening 14 July, Blackheath Avenue SE10 8XJ

Established in 1961 by expert horseman and instructor James Thomas Bellman and still run by members of his family, Dulwich Riding School, with its 20 horses and ponies, provides riding lessons for adults and children from the age of six. The school offers both group and private lessons and can also cater for birthday parties too. All senior staff are either holders of British Horse Society, ABRS or NVQ examinations and winners of many shows and events. Dulwich Riding School, Dulwich Common, Dulwich, SE21 7EX 020 8693 2944 www.dulwichridingschool.co.uk

living local

My London London’s hidden secrets… This month Laura Heap shares some favoured local destinations from her little black book

For Food… Ginza Sushi restaurant Ginza is an unassuming gem which shines amongst its competitors. The food is bursting with flavour and the service always efficient. 139 Woolwich Road, SE10 0RJ 020 8269 2833

For Shopping… Emma Nissim I really enjoy visiting this inviting, Victorian-inspired boutique. It is filled with stylish, eco-friendly clothing for men and women and run by two sisters called Emma and Rachael who are lovely. 10a Greenwich Market, SE10 9HZ www.emmanissim.com

For Entertainment… Rivington Grill Greenwich My boyfriend and I are night owls so if a seat’s available we sit at the bar in the Rivington. I love watching the theatre of a busy restaurant and here you definitely get it, plus quality wine and delicious food. 178 Greenwich High Road, SE10 8NN www.rivingtongreenwich.co.uk

For Pampering… Greenwich Market Massage In Greenwich Market there’s a seated massage stall and if Warrick is available I treat myself to a 30 minute treatment. There is always a relaxing playlist and along with the sounds of people moving around and the smell of the fresh fruit from the juice stall I find the experience very therapeutic. Greenwich Market, SE10 9HZ www.greenwichmarket.net

For Leisure… Greenwich Park Laura is manager of the Nevada Street Deli, a delightful deli café near Greenwich Park offering home-made bruschetta, charcuterie and delicious antipasti. 8 Nevada Street, SE10 9JL www.nevadastreetdeli.co.uk

If the sun is shining, my boyfriend Rupert and I walk through Greenwich Park, via my cafe for a coffee and on into Greenwich Market where we are spoilt for choice with a variety of food. Afterwards, we go to the grounds of Trinity College, to while away the afternoon reading papers and listening to the students rehearsing. Greenwich Park, SE10 8QY www.royalparks.gov.uk/Greenwich-Park

living local

The view

from here...

Treading the boards Our resident columnist Ben West explores the South-East’s theatrical past

The Blackheath and Greenwich area has long had more than its fair share of thespians. Greenwich was the birthplace of Vanessa Redgrave, and one of Blackheath’s longest standing residents has been another outstanding actor, Glenda Jackson. She has had strong ties with the area even after she moved away from acting in 1992 to pursue her new career as Labour MP for Hampstead and Highgate. Currently MP for Hampstead and Kilburn, she still supports south east London causes. For example, she recently joined in a protest at the threatened closure of Blackheath Village Library, one of five that Lewisham Council has been planning to cut. Daniel Day-Lewis was born and brought up in Greenwich, and indeed there is a blue plaque outside his childhood family home on Croom’s Hill, by the Greenwich Theatre. However, it commemorates the fact that his father lived there, the Anglo-Irish Poet Laureate, Cecil Day-Lewis, rather than him. He attended Sherington Primary School on the Blackheath/ Charlton borders, which I reckon he probably found quite a rough and tumble establishment at the time, (if my experiences there a few years later are anything to go by.) Jude (or David) Law also grew up

in the area, attending Kidbrooke Secondary, Alleyn’s in Dulwich and before that John Ball Primary School in Blackheath Village. He revisited John Ball quite recently, no doubt to the thrill of both pupils and staff. John Ball was also the primary school actor Dominic Cooper attended, before moving on to Thomas Tallis Secondary School. Further underlining the fact that the area is popular with thesps is that it is the home to Robert Demeger, Howard Ward, Charlie Norfolk, Frank Bourke, Julia Marsen, Joe Absolom, and Christopher Knott. Born in Dulwich, Tim Roth gravitated Greenwich-way for some years as his career took off, while Gary Oldman was brought up in Deptford. Brenda Blethlyn lives just down the road from there, in Lewisham, while moving a bit further afield, you’ll find Timothy Spall in Forest Hill. From the late-1980s the McGann brothers (Paul, Mark, Joe and Steve) all lived together for a while in a house on Shooters Hill Road. I met Mark once or twice during that period and ended up having a game of pool with him and Joe in a pub after a West End show Mark was performing in. Not having watched much television at the time, I asked Joe what he was up to. Modestly, he replied: “A little bit of telly.” The way he said it suggested that he was third spear carrier from the left or understudy for one of the extras and I duly commiserated and said something along the lines of my being sure that things would pick up soon. It wasn’t until I got home and picked up the Radio Times that I found he was starring in ITV’s biggest sitcom at the time, The Upper Hand.

MARITIME MAKEOVER The long-awaited new £35m wing of the National Maritime Museum opens on 14 July, and will be the largest development in the museum’s history. Plans for the wing were kick-started by a £20m donation by shipping magnate and philanthropist Sammy Ofer (the wing is being named after him) as well as a £5m grant from the Lottery Heritage Fund. Some of the artefacts that will go on show include Admiral Lord Nelson’s last letter to his daughter, Captain Cook’s handwritten journals and a toy pig that survived the sinking of the Titanic. There will be a new temporary gallery and a permanent one entitled Voyagers that will tell the story of Britain and the sea, as well as a restaurant and cafe overlooking Greenwich Park. National Maritime Museum, Romney Road SE10 9NF 020 8858 4422 www.nmm.ac.uk

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living local

State of the market Oliver Burgess, branch valuer at Winkworth Estate agents in East Dulwich comments on the state of the residential property market

How to choose the best location

ocation, location, location is as important as ever in a house hunt, and in Dulwich it is no different. However, the question now is, where exactly is the best location? Dulwich Village has always been a part of London that stands apart. With its beautiful park, excellent schools and local independent shops, it continues to be a key area people aspire to live in. However East Dulwich and the surrounding areas now have so much to offer, Peckham Rye and the roads around Bellenden Road have become increasingly popular in the last few years. This again is due to good schools, new restaurants, and most importantly the transport links into London. With the East London tube line due to arrive in 2012, buyers are more interested than ever in this small part of London as a place to put down roots. The East London line is also affecting another part of SE22. The roads at the south east end of Peckham Rye Park such as Therapia, Mundania and Marmora Roads have easy access to Honor Oak Park and its tube links to central London. As a result, prices in this area have been steadily rising over the last year or so, in particular with the 1930’s houses, these are perfect homes for families that would like to settle yet remain close to central London. On the other side of the coin we have the rental market. The whole area has seen a marked increase in rental values. Demand is very high and one of the main reasons for this is that people love the area so much, people are moving less and staying for longer, therefore supply of new properties has reduced greatly. Thankfully we are seeing more and more rental investors entering the market. A number of these are clients who are looking at their pension investments and seeing property as the place to invest again. With rental yields increasing and more lenders with specific buy-to-let products currently available, it is a great time to buy. The flats on Dog Kennel Hill are prime examples of low value high rental return properties which both first time buyers and landlords are investing in. n Winkworth, East Dulwich 020 8299 2722 www.winkworth.co.uk

living local

HOT PROPERTY: Classic Crescent

Trinity Crescent is possibly the most prestigious road in Tooting Bec. In this tree lined road with Victorian houses of stature and size, property rarely becomes available and so it is our great pleasure to offer this exceptional 1850â&#x20AC;&#x2122;s Victorian family home to the market. This property has been owned by the same family for almost one hundred years and has a subtle balance of character and period features. Currently

used as three spacious flats, we believe it would take little to restore it to its original design. The property also has off-street parking, a garage to the side and a rear garden measuring approximately 150ft. This property will attract a variety of buyers from a professional family looking for a spacious home in a great location to a developer looking for a property with size and land.

Tooting Bec, SW17 7AG ÂŁ2,250,000 Your Move www.your-move.co.uk

020 8299 3711 25

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Blissett St C7

Cadet Pl F1

Chevening Rd J2

Armitage Rd H1

Beaconsfield Rd J3

Bower Ave G7

Caletock Way I1

Chilver St J1

Ashbumham Grv B7

Belot St G1

Braddyll St F1

Calvert Rd I2

Christchurch Way G1

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Blackheath Ave F7

Brand St C6

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Eastney St E2

Point Close D8

Egerton Dr A7

Point Hill C7

Enderby St F1

Prince Charles Rd I7

Feathers Pl E3

Prior St C6

Ferry St C1

Randall Pl C5

Fingal St I1

Restell Close H3

Flavel Mews G1

Roan St C4

Foyle Rd H4

Rodmere St H2

Franklin Pl A8

Romney Rd E3

General Wolfe Rd E8

Rook Way I1

Gibson St F2

Royal Hill C6

Glaisher St A3

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Glenforth St I1

Saunders Ness Rd D1

Glenister Rd I1

Shooters Hill Rd F8

Gloucester Circus D5

Sparta St B8

Greenwich F3

St Johns Park J7

Greenwich Church St C4

Straightsmouth C5

Greenwich High Rd A6

Tarves Way B5

Greenwich S St C6

Thames St B3

Guildford Gv B7

Thames St C3

Haddo St B4

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Hamilton Cres A3

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Hardy Rd I4

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Horseferry Pl B3

Tunnel Ave J1

Hoskins St F2

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Humber Rd I3

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Tyler St H3

John Penn St B8

Ulundi Rd H4

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King George St D6

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King William Walk D4

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Kossuth St G1

Vanbrugh Park Rd I5

Langdale Rd B6

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Lassell St F2

Webb Rd I4

Lemmon Rd G3

Wellend St C3

Lindsell St B8

Wellington Gr E7

Luton Pl D6

Westcombe Park Rd H4

Maidestone Hill C8

Westgrove Lane D7

Mays Building Mews D6

Winforton St C7

Mays Hill G4

Witworks St G1

Maze Hill F3

Wood Wharf B3

Mycenae Rd J4

Woodland Cres F3

Coleraine Rd J3

Copperas St A4

Dabin Cres B8

Nelson Rd D4

Woodland Gr G2

Collington St F2

Creek Rd B4

Dartmouth Hill C8

Nevada St D5

Woodlands Park Rd G3

Colomb St H2

Crooms Hill D5

Dartmouth Row D8

Norman Rd A5

Woodlands Park Rd H3

Combdale Rd J2

Crooms Hill E6

Denham St J1

Norway St B3

Woolwich Rd I1

Commerell St H1

Crooms Hill Gr D5

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Old Woolwich Rd F2

Wyman Rd A1

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Hambledon Pl G9

Archdale Rd H1

Hansler Rd H2

Ardbeg Rd D3 Ashbourne Grove G1

Hawarden Grove A6 Heber Rd H3

Aysgarth Rd E5

Herne Hill B2

Bassano St H2

Hillsboro Rd F2

Bawdale Rd H2 Beauval Rd G4 Beckwith Rd D3 Birkbeck Hill A9 Blackwater St G2 Boxall Rd E5 Brantwood Rd A1 Burbage Rd C5 Carlton Ave F3 Carver Rd A3 Casino Ave C1 Chesterfield Grove G1 Cokers Lane C9 College Gdns E8 College Rd E6 Cosbycote Ave A2 Court Lane F5 Court Lane Gdns G6 Croxted Rd B6 Crystal Palace Rd H4 Cyrina Rd H3 Dalkeith Rd B7 Danecroft Rd C2 Dekker Rd F4

Holmdene Ave B2 Jennings Rd H4 Kestrel Ave A2 Lairdale Close B7 Landcroft Rd H4 Landells Rd H5 Lordship Lane G3 Lovelace Rd B9 Lowden Rd A1 Lytcott Rd G2 Melbourne Grove G1 Nairne Grove D1 Norwood Rd A5 Nutfield Rd H1 Peabody Estate A6 Peabody Hill A8 Pellat Rd H3 Perifield Rd C9 Pickwick Rd E6 Playfield Cres G2 Railton Rd A3 Red Post Hill C1 Red Post Hill D3 Rodwell Rd H3

Delawyk Cres C4 Desenfans Rd F5 Dorchester Ct B1 Dorchester Dr B1 Dovercourt Rd G4

Rollscourt Ave B2 Rosendale Rd B7 Roseway D5 Ruskin Walk B3 Rycotes Mead F8

Druce Rd F5 Dulwich Common E9 Dulwich Rd A3 Dulwich Village E4 East Dulwich Grove F1 Eastlands Cres G5 Elfindale Rd C2 Elmwood Rd C3 Eynella Rd G6 Fellbridge Rd H2 Frank Dixon Way F8 Frankfurt Rd C2 Gallery Rd D8 Gilkes Cres E4 Glengarry Rd G2 Goodrich H4 Green Dale F2 Gubyon Ave A2 Guernsey Grove A6 Halfmoon Lane B3

Shardcroft Ave A2 Silvester Rd H3 Stradella Rd B4 Strawberry Rd H1 Sunray Ave D1 Tarbert Rd F1 Tell Grove G1 Thompson Rd H4 Thurlow Hill A9 Thurlow Park Rd C9 Townley Rd F3 Trossach Rd F1 Turney Rd B7 Village Way D4 Walkerscroft Mead C9 Warmington Rd C3 Whateley Rd H2 Winterbrook Rd B4 Woodquest Ave A2 Woodwarde Rd G5

C E L E B R A T I N G

T H I R T Y

120 Wigmore Street, London, W1U 3LS 509 Uxbridge Road, Hatch End, Pinner, Middlesex HA5 4JS Telephone: 020 7486 3080 email: info@halcyon-interiors.co.uk | www.halcyon-interiors.co.uk

Y E A R S

life style

Your essential guide to the lastest interiors trends and styles. Update spaces with unique and dynamic pieces from local boutiques; discover new ways to use distinctive colours, bespoke furniture and luxury fabric to refresh your home. Read designer interviews, get ideas for your garden and find out how to replicate the luxury style of the worldâ&#x20AC;&#x2122;s most fabulous properties.

Life Alfresco

Let the sunshine in

Designer Focus

Signature pieces in bronze

2wentyfour design | manage | do

020 7381 5937 info@2wentyfour.com www.2wentyfour.com

Loft conversions kitchen & bathroom design basements refurbishments space planning extensions landscaping interior design

life style

interiorsnews Home Help A recently launched property management service promises help with all manner of domestic requirements. Belinda Corani heads up the new venture, after a long and successful career in personal styling which fuelled numerous requests for interior consultation and wardrobe organisation. Belinda has undertaken and monitored various tasks such as furniture restoration, construction, auction house liaison and carpet repair and is already proving popular with the busy professionals in North West London. www.homeconscious.com

Donna Karan Home Known for her chic fashion design, Donna Karan has developed a fabulous new homeware collection, which is now exclusively available at Harrods. The line is inspired by her love of travel and fascination with texture and has a distinctly urbane feel. “This new Lenox collection is a balance of modernity and soul,” the creator explains. “Every piece is an object of

Twist on a Classic desire for personal use or entertaining at home.” While practical enough for everyday function, each item is hand-crafted and unique. There are burnished metal plates, layered glass vases, and gleaming gold-coloured bowls from Nepal as well as hand-sculpted wood accessories and stylish flatware. www.harrods.com

At Home With Halcyon The Wigmore Street showroom of Halcyon Interiors has unveiled a range of stunning new kitchens from ALNO. Renowned for high quality style, supply and installation, Halcyon has incorporated the latest designs into contemporary living spaces which reflect the modern, multi-purpose use of this area of the home for cooking, eating or even entertaining. Rich colours provide a striking backdrop for luxury and opulence which will stand the test of time, while interesting additions include the Stone Glass range. In this collection, doors appear to be made from stone but are in fact crafted from glass and topped with a matte surface, for ultimate convenience.

Fleming & Howland have updated their classic leather designs with a brand new colour palette for Spring/Summer. The family-run business has excelled at fine craftsmanship since its origins in 1780 and continues to produce hand-crafted chairs from high quality British cow hide. The new shades include a refreshing powder blue and rose, yet all retain a gorgeous antique finish. www.chesterfields1780.com

www.halcyon-interiors.co.uk

life style

thetrend Transform your garden into a stylish entertaining space for summer using handsome wood furniture and a mix of both modern and traditional accessories

Salisbury Teak Table, ÂŁ1,250, Indian Ocean www.indian-ocean.co.uk

Barrel Swing Chair, £395, The Conran Shop www.conranshop.co.uk

Silver Sands Garden Sun Umbrella, £195 Burford Garden Company, www.burford.co.uk

Sparrow and Finch Claridges Bird House £399.95, John Lewis, www.johnlewis.com

Galvanised Thermometer, £18, Graham and Green www.grahamandgreen.co.uk

life style Grenadine Teak Bar Table, £395 Indian Ocean, www.indian-ocean.co.uk

Large Jewel Hanging Lantern, £49, Burford Garden Company, www.burford.co.uk

Mulberry: The Book, £55, Mulberry www.mulberry.com

Niki Jones Dove Grey Concentric Cushion £70, Heal’s, www.heals.co.uk

Outdoor Lavender Planter, £25 John Lewis, www.johnlewis.com

How green is your home? Morgan May

OUR PASSION IS OUR SUCCESS Morgan May can provide a warm and pleasant home for you. We specialise in traditional build methods and focus on the best available current build technology. Good design, cost efficiency and carbon reduction is at the heart of what we do. With this approach we can transform your home and provide savings;

Chatsworth Church Chatsworth Church was built around 1953-1957, after the earlier Victorian church building was destroyed during WW2 air raid bombing. The current building underwent total refurbishment during Aug - Dc 2009. The works involved, internal altercations, addition of new toilets, kitchen, stain glass, glass entrance doors, solid oak enclosures, lead work, light fittings, decorations, pews and a new underfloor heating system. Chatsworh provided the opportunity for renovation, execution of traditional craftsmanship, application of new technology and good design to improve the thermal efficiency and carbon emission of the building.

Contact Trevor McClymont:

Tel: 07956 582 986 Email: info@morganmay.co.uk Website: www.morganmay.com

INSPIRATIONAL OUTDOOR FURNITURE

Head Office & Balham Store 155-163 Balham Hill London SW12 9DJ Tel: 020 8675 4808 Fax: 020 8675 4652 balham@indian-ocean.co.uk

Chelsea 90-100 Sydney Street London SW3 6NJ Tel: 020 7352 9902 Fax: 020 7351 0910 chelsea@indian-ocean.co.uk

Chiswick 430 Chiswick High Road London W4 5TF Tel: 020 8994 5838 Fax: 020 8994 5712 chiswick@indian-ocean.co.uk

Selfridges & Co 400 Oxford Street London W1A 1AB Tel: 020 7318 3791 Fax: 020 7318 2473 selfridges@indian-ocean.co.uk

Norfolk - Partner Showroom Octagon Barn Bungay Road Framingham Earl Norwich NR14 8SA Tel: 01508 492 285 Fax: 01508 494 638 norfolk@indian-ocean.co.uk

Yorkshire - Partner Showroom Thorpefield Farm Thorpe Le Street nr. Pocklington, York Yorkshire YO42 4LN Tel: 01430 873 438 Fax: 01430 872 783 pocklington@indian-ocean.co.uk

Hampstead 25-27 Market Place London NW11 6JY Tel: 020 8458 5252 Fax: 020 8458 4041 hampstead@indian-ocean.co.uk

Please call 0800 111 4844 to request a brochure or order online

www.indian-ocean.co.uk

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12/04/2011 12:08

life style

designerfocus Adam Williams The stunning designs of Adam Williams positively glitter, says Casper Grey

atinated bronze, nickel gold and silver are a speciality of contemporary designer Adam Williams. The creator produces an eclectic range of sculpture and furniture which is admired for its light-refracting qualities, warm tones and elegant lines. Based at Rock Farm, near Shepton Mallet in Somerset, Adam combines the use of these metals with other natural materials such as slate, limestone, marble, leather and walnut and is regularly commissioned to produce both residential and commercial pieces including elaborate tables, fireplaces and balustrades. “My most challenging commission to date involved casting a reproduction of the Uffizi wild boar,” Adam explains. “The piece weighed one tonne and had to be lifted by crane. It was made for a somewhat colourful celebrity client and transported to Hollywood!” Adam honed his expertise as a young man when he was given an apprenticeship with a stone conversion company who were responsible for restoring the front of Wells Cathedral. He began producing his own modern stone castings before progressing to designing the metal objects which he has become renowned for. Inspired by the modernist sculptor Barbara Hepworth, he reveals a longstanding passion for the discipline. “I’ve always been a designer and I’ve been making objects in stone, glass, bronze and plaster for as long as I can remember,” he says. One of his favourite works is that of a pale limestone console table with tapered bronze legs, which he describes as particularly elegant. Indeed it is bronze which has emerged as a particularly popular medium amongst his clients, ensuring each piece stands the test of time. Though each brief often reflects Adam’s other interests such as painting and sculpture from the 50s and 60s, the size and medium of each design is customised to reflect the customers’ preferences and is always handmade. n

Prices start at £1,300 01749 830 505 www.adamwilliamsdesign.co.uk

life style

must have item

Outdoors Indoors There is something highly romantic about this handmade teak bath. The freestanding design is individually crafted from timber in the Highlands by a boat builder and has a simple, elegant beauty. The piece makes an unusual addition to any bathroom,

and accessorised with green plants, natural tones and raffia mats creates a tropical, relaxing retreat. n Teak Bath, ÂŁ6200+VAT, The Water Monopoly www.watermonopoly.com

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30.03.11 15:19

life style

Green with envy Award-winNing designer Luciano Giubbilei creates striking outdoor spaces that have all the charm of an English garden, says Lana Jordan

ith the onset of summer, many of us begin clipping, decking and equipping our outside space. Few achieve the sophistication we covet. After all, a few rose bushes do not Queen Mary’s Garden make! It is my own forlorn gardening attempts which make the wise words of Luciano Giubbilei, so encouraging. The internationally renowned designer has won numerous awards for both his domestic and commercial schemes including RHS Gold Medals for his collaborations with champagne house Laurent-Perrier. Yet he is clear that it doesn’t take unlimited funds and assistance to create something to be proud of. “Keep it simple,” he says. “Choose just a few great items which work for For me it is about your budget and don’t be afraid of atmosphere. I want to size as large plants can work well!” create places where Unsurprisingly therefore, it is not people can share a good only elaborate commissions which enjoys working on. Although time with their family Luciano his most recent project contains elements inspired by Italy and France across 7,000 square metres of space, Luciano approaches smaller projects with the same enthusiasm. “I really don’t mind about the size of a commission,” he says. “I am concerned simply with the arrangement of space. For me it is about atmosphere. I want to create places where people can share a good time with their family.” A practical yet attractive area for both parents and children was the brief which preceded the beautiful garden shown on this page. Designed for a beautiful property in Hampstead, Luciano and his colleagues aimed for clean lines, clipped shrubbery and a touch of character, evoked through the use of small hardwood trees, such as hornbeams. In addition, the garden was given a terrace which the clients wanted to use for outside dining. Created several years ago, these striking images are proof that a carefully considered and simple garden design is timeless. Luciano has been asked to create many similar spaces in North West London throughout his career. “Luciano has developed a unique aesthetic that makes use of nature, minerals, light, space and art in a way that has never been used before in gardens,” says one admirer of his work. In fact, Luciano’s work is so popular that a book celebrating his endeavours and citing his inspirations was published at the end of last year. ‘The Gardens of Luciano Giubbilei’ looks at a selection of his projects and includes illustrations, photographs and further advice from the man himself. n www.lucianogiubbilei.com

life style

THE

passivhaus PRINCIPLE As energy bills soar and fuel reserves become poorer, saving energy and the environment is a pressing consideration. Louisa Castle explores whether there is such a thing as a true eco-friendly house

Images: Hopground Cottage, Hertfordshire

aving been in the industry for over 40 years, Pat Wilkinson from Touchwood Homes is the fourth generation Wilkinson to go into construction. “20 years ago I looked at the effect of climate change on the world and realised that we were building the wrong way. Things had to change. Since then we’ve been building energy efficient homes. Homes for clients to live in that don’t use lots of energy just to keep warm,” he explains. Households produce around 28 per cent of the UK CO2 emissions mainly through space heating, hot water provision and lighting. “These emissions, and by default, running costs can be reduced simply by minimising energy use through improved insulation, controlling ventilation and drafts and reducing cold bridging, such as steel beams running through the house which draw cold from the outside,” explains Pat. Pat and his team at Touchwood Homes use Passivhaus building principles to successfully reduce energy loss by 90 per cent, in turn reducing emissions and heating costs by the same amount too. Passivhaus is the fastest growing energy performance standard in the world with over 20,000 buildings realised to date, the majority of those since 2000. The Passivhaus Standard’s strengths lie in the simplicity of its approach; build a house that has an excellent thermal performance, exceptional air tightness and mechanical ventilation. This robust approach to building design allows the designer to minimise the ‘heating demand’ of the building, and in some residential buildings only specify a heated towel rail as means of conventional heating, this heat can then be recovered and circulated by a Mechanical Ventilation and Heat Recovery (MVHR) unit. “We recently built two homes on a brownfield residential site in Bishop Stortford which have no conventional heating systems in place whatsoever,” explains Pat. “Using the three principles of the Passivhaus Standard, it’s the people inside the house

that are keeping it warm with their computers and general living. What’s more, people give off 100 watts of heat all the time. “If the house is vacant for two weeks or so it will cool down, however at the house in Bishop Stortford we included a small two kilowatt radiator in the ventilation system that can warm through in around two hours.” As well as being an energy performance standard, Passivhaus also provides excellent indoor air quality, this is achieved by reducing the air infiltration rates and supplying fresh air which is filtered and post heated by the MVHR unit. “To achieve the Passivhaus Standard we build our homes with a pre-cut timber eco-frame system which can easily be tailored by our designers to meet clients’ bespoke requirements,” concludes Pat. “Due to the pre-cut nature, labour time is minimised with the frame being erected on site in as little as four weeks, providing an air tight structure ready for roofing, render and internal services. “People often think that self-building in general, never mind self-building an eco-friendly home, is prohibitively expensive. That’s not the case. In the short-term you are probably looking at around 5 per cent more initial layout but over the lifetime of the property the energy savings more than make up for that. There is no doubt in my mind, that this is the way forward.” All the facts and figures support the fact that Britain’s love affair with homebuilding continues. The National House-Building Council recently reported that, despite economic conditions, private new build registrations have risen 20 per cent and continues to be up to 30 per cent cheaper than the cost of buying a similar sized house. And with the Housing Minister vowing to ease barriers to self-build, this figure is set to rise further in the coming years. Here’s hoping that energy efficient homes make up a strong percentage. n www.touchwoodhomes.co.uk

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live OVERSEAS

Escape to a second home in the sun, snow or city with our definitive guide to luxury properties across the globe. We look at beachside chic, mountain chalets, city penthouses, remote mansions, village cottages and converted palaces. Our buyers guide is the essential toolkit for buying abroad, while our property features showcase some of the most exciting developments overseas.

Bon Voyage Buyerâ&#x20AC;&#x2122;s Guide to Paris

Seaside Sanctuary Croatiaâ&#x20AC;&#x2122;s beautiful coast

live overseas

buyer’s guide to...

PARIS

When buying property in a country overseas, the investment climate and associated lifestyle is of obvious importance. Tim Swannie explores why PARIS is becoming a leading location for new homes

aris and springtime are, and always have been, made for each other. And now that the city is less than three hours away from London by Eurostar and considerably less from most British airports, the idea of buying a pied-a-terre in the city of love is even more tempting. The lifestyle that this timeless city offers is hard to beat. Whether you are strolling the parks and avoiding the roller-skaters, browsing the markets or book

shops, visiting a museum, maxing out your credit cards at a string of boutiques or simply sipping café crème at a street café and watching the world go by, there is something for everyone in this bustling capital. According to statistics, there are currently in the region of 30,000 British homeowners permanently living in Paris, and considerably more Brits who own a holiday home there, and this is on the increase. British buyers currently account for 20 per cent of all sales to foreign buyers throughout the city as they are

drawn to the quality of life Paris offers. But how about the property market, is it a safe place to invest? According to Tim Swannie, owner of Home Hunts, the luxury French property specialists “The housing market in Paris has never been stronger, with demand outstripping supply at present. Buyers from all over the world are looking for stable markets to invest in and Paris is proving to be top of the hit list. Like everywhere, many French people lost money on the stock market during the crisis in 2008 and 2009, but the property market in Paris stayed strong through the global recession - so no one wants to sell, but clients from all over the world are interested in buying here. The market in Paris has seen growing numbers of buyers from Italy, Russia, China and Middle Eastern countries, along with a steady flow of British and other European home seekers. Recently, Americans have also been slowly returning to the market. Property in Paris has always been interesting to foreign buyers but never more than at present where, particularly in the higher price ranges (4m Euros plus), overseas buyers account for 50 per cent of the property sales throughout the city. France, in general has a relatively stable housing market, it is difficult to borrow money in France as the lending criteria is rather strict which has meant that in the recent economic crisis France did not really suffer from the same sub-prime mortgage problems as other countries like the UK and USA. For buyers looking for a stable property investment, one of the draws of Paris is the strong rental market, tourism is strong all year round in the city with no out of season time. We’ve found that apartment prices are increasing approximately 20 percent in 2010, and that trend is expected to continue in 2011. The average price per m2 throughout Paris is around 8,000 Euros but with such a demand, this is on the increase and if you want a top quality apartment in one of the more sought after arondissements of Paris, buyers will be paying from €15,000 - €25,000 (or maybe even more) per square metre. Demand is currently extremely high. Typically, buyers are looking for a pied-à-terre within a period building with original features such as full height windows and parquet flooring, however the limited supply of quality apartments in the best locations has put pressure on prices.

So where is the best area to buy? Paris is divided into 20 arrondissements or neighbourhoods which are numbered in an outward spiral starting in the centre of the city.

If you want the best

star Michelin restaurants either side of the Seine in the seventh and eighth arrondissements. These places are near the Arc de Triomphe and Eiffel Tower and most apartments cost seven figures.

For lovers of architecture The 16th arrondissement boasts large, beautiful and expensive homes from the 18th century. Houses have tall rooms and long windows overlooking wide tree-lined avenues and you are likely to get diplomats from around the world for neighbours.

Generally, the first to eighth arrondissements are the most expensive in Paris. The first arrondissement is mainly on the right bank of the Seine and is one of the oldest in Paris and includes the Tuileries garden as well as the Louvre.

For best value

For food lovers

Tim Swannie is director of Home Hunts www.home-hunts.com

Serious foodies should head for the two and three

The once-dreary 11th and 12th arrondissements have really come into their own in recent years. These are really areas to look out for with some beautiful homes available. n

live overseas

Garden of Eden Not content to become a fleeting holiday trend, Croatia offers blissful sunny days, azure seas, mouth watering cuisine and a great second property location, says Casper Grey

f you are one of the many people who aspire to own a beautiful second home in a stunning Mediterranean destination then you really should be considering Croatia. Just 15 minutes from the UNESCO world heritage old town of Dubrovnik, lies Dubrovnik Sun Gardens; a fully integrated 22 hectare destination resort on the Adriatic coast. Set on a hillside sloping down to the water’s edge, over 200 fully-appointed residences offer sweeping panoramic views over the Adriatic and Elafiti islands.

As one of the most comprehensive developments on the Croatian coast, Dubrovnik Sun Gardens offers a rare opportunity to purchase completed, resort-based real estate in a stunning seafront location, on the doorstep of one of the world’s most famous cities. Known as ‘The Residences at Dubrovnik Sun Gardens’, the development offers 207 professionally managed residences comprising one and two bedroom apartments. Situated in a dedicated village setting within the resort, the charming Mediterranean homes

range from 44 to 107 square metres and have either sea or courtyard views. Each unit comes with its own furnished terrace area which is the perfect place to enjoy evening aperitifs listening to the chorus of cicadas and watching the sun set over the calm sea. With a history that dates back as early as 1512, the site of Dubrovnik Sun Gardens has a storied past. In the early 16th century, Florentine statesman Piero Soderini was driven into exile by the Medici family and is reputed to have settled in the stone castle (palazzo)

which can still be seen today in the grounds of the resort. Almost 500 years later, conflict again settled on the area when the Croatian War of Independence took hold. During this time Dubrovnik was subjected to a siege that lasted many months and the Dubrovnik Sun Gardens Resort was badly damaged, burned and looted. The luxury integrated resort as it stands today opened in July 2009 and is owned by developer Jupiter Adria. Jupiter Adria, which was founded in 2006, is the leading investor in Croatian leisure resort real estate and is developing three other golf and spa projects in the country. Unlike other real estate for sale in the area, Dubrovnik Sun Gardens affords owners the appealing benefit of having full access to a range of facilities and services right on the doorstep. Whether a family with young children, a young professional

couple or indeed retirees, Dubrovnik Sun Gardens resort ensures that it caters for every conceivable taste with a world-class spa, sports centre, 13 bars and restaurants, mature manicured gardens, a market parade of shops, three swimming pools, private beach, small marina and round the clock concierge assistance. Each of the homes has been designed in a light, contemporary style and furnishings are serene, minimalist and inherently practical. Fully equipped, open-plan kitchen and dining areas have all the necessary appliances, spacious bathrooms have rainfall showers, while living areas have comfortable sofas and 32â&#x20AC;? flat screen LCD televisions. Larger apartments offer additional en-suite bathrooms. The flooring is solid oak and there is well-designed storage throughout as well as wi-fi access in each residence and throughout the resort.

During the summer season (1 June to 15 September) owners can use their residences for five weeks, leaving the on-site management company responsible for renting out the property for the rest of the season. This therefore makes Dubrovnik Sun Gardens not only a great lifestyle purchase but also an appealing investment opportunity with the chance to reap the rewards of a strong rental yield. All residences are professionally marketed, and with the resort operating at full capacity from midJune to mid-September, the potential to generate strong revenues are high. Owners are entitled to 50 per cent of rental revenue received by the operating company. Larger two bedroom residences with premium panoramic sea views start at â&#x201A;Ź608,000. n www.dubrovniksungardens.com

advertorial - land & development sale opportunity

A Paramount Opportunity With the recent announcement of Paramount Pictures locating in Murcia Spain comes the perfect investment opportunity

land & development opportunity

Paramount Pictures have chosen the region of Murcia for the construction of the biggest theme park in Spain, which aims to compete directly with Disneyland, Paris. The initiative will see the region of Murcia become the ‘Leisure Centre of Spain’ and the 2.5km² complex will require over 15,000 hotel beds to facilitate visitors attracted to the area and an estimated 20,000 jobs will be created as a direct result. Paramount Pictures will develop the Park on 108 acres of land, with its visitors being fed by a new international airport at Corvera (which opens early in 2012). The Park is also conveniently located just five minutes from the Condado de Alhama resort which enjoys over 300 days of sunshine each year and is already an established and attractive holiday destination. The theme park will take four years to construct and will open in 2015. By 2020 the Park is expected to attract over five million visitors per year, 50% more than Porta Ventura, currently Spain’s largest theme park destination. On offer, is a plot of land ripe for development in the area that is in the vicinity of the new park site. Covering an area of 381,582 m², the gentle undulation of the land allows minimal excavation to be performed prior to construction and with existing connections to all main services available, as well as excellent drainage, the site is primed ready for development. Known as “Canades del Romero”, the plot is also located close to the towns of Mazarron and Totana. Mazarron is a bustling beach side resort with a large contingent of holiday properties whilst Totana is a charming Spanish town with an abundance of shops, bars and restaurants. The recent completion of a motorway linking these two towns has made accessing the development site extremely easy. Key Site facts: The area of Murcia is set to enjoy all the prosperity that these initiatives will bring and this development plot offers an exceptional investment opportunity to capitalise on these developments now. For more information please contact Terry Collette from Country Developments S.L. on +44 (0)791 7275 751 or email him at terrycollette2000@yahoo.co.uk

• 381,582 m² plot • Minimal excavation required • All services available • Excellent drainage • Planning applied for 672 apartments and villas plus one hotel. Favourably received by Town Hall • 5 min drive from Paramount Theme Park • 25km from Corvera International Airport (opens early 2012) • 10 min drive to coastal town of Mazarron • All local motorway infrastructure completed • Abundance of local Golfing resort

Area: 381,582 m2 Price: Offers in excess of €9.2m 55

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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.

Academy Excellence

Period property meets modern marvel

Private Hideaway

Luxury city apartments launch

newhomes

Property Latest By Ben West

Design house Kelly Hoppen, MBE and interior designer extraordinaire, is selling her stunning Georgian town house in Notting Hill. The property, sure to make a stylish investment, boasts four storeys of striking design and innovative use of space. Thereâ&#x20AC;&#x2122;s an envyinducing custom Boffi kitchen, with bar-style seating and an exquisitely designed fireplace, and a first floor living room with a black glass chimney breast concealing the television. Attention to detail runs throughout the house, including silent sliding doors, Kelly Hoppen fittings and waxpolished Italian plaster.

Image by Mel Yates

www.crayson.com

Luxury apartments launch The Hideaways Club has announced the launch of 120 luxurious city apartments around the world. The City Collection is an exclusive private members club which will provide investors with a selection of fully-furnished apartments throughout the world. Set to initially begin with ten apartments in cities including New York, London, Paris, Venice, Miami and Istanbul, the fund will add to the apartments in the next three years, incorporating other locations as diverse as Moscow, Rio de Janeiro, Bangkok and Sydney. The Hideaways Club is a global property company specialising in

equity ownership and the management of a collection of international luxury property investment funds. It has already had great success with its Classic Collection, a series of chalets and villas worldwide. The new city apartments, which will be worth up to ÂŁ1.8m each, will feature five star concierge service, responsible for all day-to-day requirements including apartment booking, catering and entertainment. Various membership schemes will give owners between 12 and 23 nights annual occupancy, with the added benefit of equity ownership in the entire property portfolio.

NEWS IN BRIEF

New home development promotes house price growth New research has found that areas with higher rates of new development consistently record higher house price growth, meaning that housebuilding activity can boost the prosperity of a local community. Using data from the department for Communities and Local Government, SmartNewHomes compared housebuilding levels with average house price growth over the last one, three and five years, across all nine English regions. In all cases there was a strong positive correlation between the number of new homes built in a region and the rate of house price growth. On average over the last year, each region saw house price growth of 0.63 per cent for every 1,000 new homes completed in that area. Over the last three years, the figure was 0.16 per cent and the rate was 0.23 per cent over the last five years. The research shows that housebuilding activity makes a significant contribution to the

prosperity of an area, and that NIMBY fears over the financial impact of new homes are unfounded. Developers look to build wherever there is likely to be demand, and their investment typically attracts other businesses and residents to enter the area in turn, boosting the local economy. “House builders would not apply for permission to build new homes in an area if there was not a demand from homebuyers,” says Steve Lees, director at smartnewhomes. “By responding to this demand, be it from first-time buyers who provide impetus from the bottom rung of the property ladder, or from families who might otherwise move away, housebuilding makes a significant and lasting contribution to building prosperous local economies. “I would urge local authorities and communities to recognise the importance of the housebuilding sector in creating thriving communities, and to work to facilitate development for the benefit of all their local residents.”

Now is the time to be a landlord

If you have ever considered renting your property out or launching into buy-to-let, now is the time, according to Richard Sexton, business development director of e.surv.

“There’s a cavernous backlog of first time buyers which is pushing the rental market into overdrive,” he says. “Properties up to £125,000 accounted for a third of approvals in March, and although some of these will have been purchased by first time buyers, many will have been bought by buy-to-let investors competing directly for the same housing stock. Invariably, the investors win the contest because of the lack of mortgage finance for first time buyers. The potential first time buyers are then pushing up rental prices - because the demand supports higher rents. This is a win-win situation for landlords.

London leads the way A recent report on the housing market by Chesterton Humberts has provided positive reading for homeowners in the London area. The Bank of England has reported an increase in mortgage approvals, and sellers have been experiencing increased viewings and enquiries. While in London – the only place in the UK prices have gone up, averaging £338,583 in March, which represents a 2.2 per cent yearon-year upwards shift.

Get a good response A London estate agent has introduced a smart phone feature on its For Sale signs, which should encourage potential buyers to ask for more information. W A Ellis Quick Response Squares allow smartphone users to quickly and easily access information on a property, simply by scanning a barcode-like square with their phone’s camera. “People are increasingly relying on their phones to manage day-to-day tasks and source data,” says Lucy Morton, managing partner at W A Ellis. “Our new QR Squares to allow people to instantly access a wealth of knowledge on a property without even having to make a call.”

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DEVELOPMENT FOCUS Academy Excellence Luxury apartments at The Academy in Woolwich offer modern style coupled with classic period features

he Academy in Woolwich has become renowned as one of Londonâ&#x20AC;&#x2122;s most attractive and distinctive housing developments, partly owing to the incorporation of an original Royal Military training centre. The gorgeous, red brick exterior dates to the 18th century and lends the project a unique, period character which has attracted both first-time buyers and families looking for a new home. A series of stylish apartments two-bedroom properties with a contemporary and attractive style are dotted throughout the development. Living areas are open-plan and spacious, dĂŠcor sleek and minimalist and fittings and fixtures high quality and carefully planned. It is also worth noting that those apartments located on the higher floors offer pleasant views of the city. While most would undoubtedly enjoy living in the homes personally, the apartments also possess great rental potential. The green fields of Woolwich Common, just next to The Academy, will be home to the location for the shooting and archery events of the London 2012 Olympics and Paralympics and are sure to attract sporting enthusiasts. At other times, it is clear that a keen sense of community will emerge at the site. The green space to the front of The Academy has been proposed as a local cricket pitch and there are plans for a fitness trail around the perimeter of the green. In addition, preparations are underway to turn the Great Hall at the centre of the development into a modern style community centre, offering residents wi-fi internet access and a TV and film screening room. Adding to the community feel will also be a fitness studio for residents and proposals for a delitype store located on Middle Road, which runs through the complex. The buildings themselves are positioned on Red Lion Lane in Woolwich, close to the amenities of the local area. A neighbourhood has existed here since the Iron Age, before the area became a prominent ship-building centre under the initiation of Henry VII. Forthcoming investment in the district along with its close proximity to the picturesque villages of Greenwich and Blackheath means that Woolwich is becoming a key area for development and growth. Unsurprisingly, the DLR extension to Woolwich Arsenal

Star apartment Apartment number 45, situated in the Faraday building at The Academy is located on the top floor and has striking and far reaching views of the chapel and its spires, landscaped gardens and the Great Hall. A key feature of this particular apartment is its south-west facing positioning, allowing bright sunlight to beam in all day long, contributing to the overall airy and spacious feeling of the home. In addition, 45 Faraday features a huge 42.4m2 wraparound terrace from which you can enjoy the views. Accommodation includes an impressive master bedroom and en-suite bathroom, as well as a walk-in dressing room and bespoke prime-grade oak flooring.

station has increased interest amongst workers looking for quick and easy travel to Bank, City Airport and Canary Wharf. The apartments are now a real alternative for those looking to escape the frenetic nature of the capital in the evenings, along with those who have been priced out of the prime London market. Kathryn Price, development manager at Durkan Homes comments: “The Academy has proven an extremely popular development for buyers looking for high spec property in stunning surroundings. Buyers have ranged from large and small families to first time buyers making their first property purchase – a diverse group of people, which has enhanced the sense of community.” n

£310,000 Hamptons International www.hamptons.co.uk

Prices start at £260,000 for a two-bed apartment. www.theacademy-woolwich.com

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Soft Furnishings Curtains & Pelmets Blinds Cushion Covers QUILTING â&#x20AC;&#x153;I am absolute ly DELIGHTED with the new sofa covers. T h a n k yo u s o much.â&#x20AC;? Monica from B elgravia

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LUXURY FLAT FOR SALE 2 Bed 2 Bath 3rd Floor c. 800 sq ft West Facing Large Balcony 26ft Living Room 19ft Master Bedroom

2 Bedroom, 2 Bathroom Royal Arsenal Riverside Large west facing balcony with great river views, overlooking a beautifully landscaped piazza • Living Room (26ft 6in x 10ft 6in) • Bedroom one (19ft x 9ft) with well fitted en-suite with double shower • Bedroom two (15ft x 8ft) • Main bathroom with high quality fixtures • Fully fitted kitchen with top brand appliances, suspended glass shelves and floating central island • Excellent condition – newly redecorated • Secure, private allocated parking bay

• A few minutes walk from the DLR and Thames Clipper with direct links to Canary Wharf (in less than 20 mins) and The City, just two stops to City Airport • Onsite fitness centre, massage therapy, gastro pub, restaurant, delicatessen, electric vehicle charging points and Streetcar rental point • Friendly community with endless landscaped areas in this secure listed London site This is an excellent investment at less than market value (for quick sale) especially with confirmation that Crossrail will be coming direct to the site making it minutes to the West End. Also it will make a great Olympic rental opportunity as it is only seven stops to Stratford, The Olympic Village and Westfield • This flat is larger than most on the site with great views and plenty of light

FOR A QUICK SALE • BUY BELOW MARKET VALUE (Recent comparable flats have sold for between £275k and £285k and most are smaller than this one) - SERIOUS OFFERS OVER £249,950 WILL BE ACCEPTED FOR A CHAIN FREE BUYER

• For more info, please call: 07860 455 850 • or email: tompdharrison@gmail.com

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Ups and downs Ron Radway of OneCall Financial Advice Centre, looks at THE seesawing nature of recent property prices and the effect of this on the mortgage market

hese days, I find myself constantly asking, are house values going up or down? Is the market getting back to normal? Difficult questions to answer, it seems, as it depends largely on geography and personal expectation. Out in the wilds of Essex, for instance, both the very bottom end and the higher stratosphere, appear to be holding their own pricewise, although negotiations are tight. In the middle range it is still difficult, especially those movers wishing to climb the ladder from below £250k property value to above. Narrow loan to values preclude “equity to spare”, making ancillary costs, mainly stamp duty, difficult to accommodate, leading to a bit of stagnation, and pressure on asking prices. In central London, a very different picture emerges, due in the part to higher entry level values negating the impact of stamp duty, and the unique positioning of the work force and inhabitants, whether traditional old money or nouveau riche, have higher expectations plus the wherewithal to exploit. Let’s look at the latest trade headlines, referring to central London. “Capital values rose one per cent in April, contributing to an annual growth rate of 8.3 per cent,” says one. While others report “Typical prime properties saw prices rise by £767 every day the past 12 months” and “Average values for prime property have now risen by 31.2 per cent since March 2009.” Other news includes: “Market being led by properties in the £1m-£5m price bracket, risen nearly four per cent past

three months. Strongest areas being Mayfair, Marylebone, St John’s Wood, Kensington”. In fairness, this sector is a narrow market place, and consequently produces narrow stats, and while the property market has always been dragged along from the front, it cannot be denied that the market at this end has regained its strength. And what effect has this had on the lenders? They want some of it, is the answer! Mortgage lenders may have endured a hostile press of late (all of it much merited), but they cannot be accused of being daft - they know how to make money and they know a band wagon when they see it. Some 11 new lenders have applied for licences in the past year. Buy to let mortgages is the new buzzword, with both new and established lenders entering the market, disturbing the virtual duopoly of the current major players, which will lead to competitive pricing. Get on board, seems to be the message! Whether this is the beginning of the end of the crunch, or the end of the beginning, remains to be seen, but it would appear to be moving in the right direction! If you would like to discuss mortgages, you should really seek advice from an independent broker. You can find one in your local area by visiting www.unbiased.co.uk. n Ron Radway is a mortgage consultant for OneCall Financial Advice Centre. For further information, visit www.onecallonline.co.uk or call 020 3174 0422

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Studio suites and 1 bedroom apartments available from £350,000

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Situated in Zone 1 within the silicon roundabout regeneration zone

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Apartments ready to occupy

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Only 5 stops to Canary Wharf from Hoxton Overground station Within a 20 mins walk or 10 mins tube ride to many of London’s major universities 24 hour concierge, gym, sauna and steam room Rooftop gardens with panoramic city views Strong rental demand and attractive yields

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Prices correct at time of going to press. Subject to change. Map is shown only for illustration purposes and is not to scale.

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