The SE1 Review (Issue 4)

THE

South East One

REVIEW

Towering Over London A DEEP DIVE FROM THE GREATEST BRIDGE ON EARTH

What's On

PLACES TO EAT, DRINK, SHOP AND BE ENTERTAINED

Property

A SELECTION OF THE HOTTEST PROPERTIES IN SE1

SE1REVIEW.COM

Help to Buy

Buy now with just a 5% deposit!

LUXURIOUS & STYLISH LIVING PERFECTLY LOCATED IN ZONE 1 New apartments now released Brand new 1, 2 & 3 bedroom apartments and penthouses all with private outside space, concierge and 999 year leases – set around a beautifully landscaped courtyard.

1 bed apartments from £524,995 2 bed apartments from £699,995 3 bed apartments from £839,995 Help to Buy example: Apartment Price: £524,995.00 5% Deposit: £26,249.75 40% Government Loan: £209,998.00 55% Mortgage: £288,747.25 Mortgage Repayments: £1,148 pcm*

Show apartments open Thurs, 12pm-7pm & Fri-Mon, 10am-5pm Book to view now: 020 7089 6566 acornnewhomes.co.uk

Sat Nav Ref: SE1 4SB

*Monthly payment based on a repayment mortgage over 25 years, at the current 2 year fixed rate of 1.45%. Rate subject to change.

ISSUE FOUR

Credits

THE

South East One REVIEW

Editor & Designer Adam Jones Assistant Editor & Designer Emily Lord Contributor Sandra Lawrence Contact 020 8315 6959 pr@acorngroup.co.uk Litho Heidelberg 106 Antalis Edixion 150/300gsm Produced at: Acorn Studios 120 Bermondsey Street, SE1 3TX

Acorn Online Website acorn.ltd.uk

Before 2018 is out, we’ll be celebrating the opening of our 34th branch, in what will have also been our 34th year in business.

Our steady and continued expansion will come as no surprise to those who have followed our progress over many years, but the increased rate of growth has surprised many property industry pundits who had forecast the extinction of the high street agent as a casualty of the online-agent.

In reality, the term ‘online-agent’ is a bit of a misnomer – I can’t think of a single ‘traditional’ estate agent that hasn’t been online longer than all of them. Acorn, for example, have been online for two decades!

The most fundamental difference, at least on the face of it, seems to be the fee structure.

Smaller, and paid up-front, rather than a percentage of the sale only if, and when, the property sells.

It definitely makes for a good story – the small market disruptor with a revolutionary business model, putting the old-guard out of business. It’s like Netflix vs Blockbuster all over again! Except it’s not.

There’s a reason why estate agency evolved into a no sale, no fee business model: no one likes paying for something they don’t receive.

When you pay up-front, what is the motivation for an agent to try and sell your property for the best price, or even at all? There’s a lot more to selling property than just putting it on the portals, despite what they lead you to believe.

Sure, everyone has a friend of a friend who sold without problems, but could they have achieved a higher price for their property? And what happens if the road gets a little bumpy?

Our track record speaks volumes as to the happiness of our clients. At the time of writing, we have over 1000 reviews on Google, which are averaging an impressive 4.7 out of 5.

We believe in offering a complete service.

We build ongoing relationships with our clients to service their needs throughout their property journey. Whatever your question or requirement, we can help, just email us at londonbridge@acorn.ltd.uk or give us a call on 020 7089 6565. We look forward to hearing from you soon!

Twitter & Instagram @acorngroup Robert Sargent Chief Executive Officer

Facebook /AcornEstateAgency

Acorn Studios is a multidisclipinary design studio with offices in Bromley and London Bridge. We specialise in a full range of creative services from print to digital. The team, run

by Adam Smith & Adam Jones, creates added value for clients of The Acorn Group and also services the marketing and PR needs of all the brands within the group.

se1review.com

Cover Image 'Looking North at Tower Bridge'

by Adam Jones

Contents 6. Tower Bridge: A Deep Dive 12. What's On In SE1 14. Then & Now 18. The Foodie Shortlist 20. Did You Know?

22. SE1 Area Overview 24. Properties To Buy 32. Properties To Let 36. Market Overview

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The prices and details of properties for sale and for rent in this publication are believed to be correct at the time of going to press. Before arranging to view any property, please confirm specific details with any Acorn office. All material, editorials and other content is published in good faith. We cannot guarantee, and accept no liability for any loss or damage of any kind caused by this publication and any errors or mistakes contained within.

Our Expansion Continues Continuing our expansion across London & Kent

We've opened an unprecedented five new offices this year, in Plumstead High Street, Plumstead Common, Swanley, Sidcup and Blackfen. Although we're growing at a recordbreaking pace, we've actually still got one more office planned before the end of the year, which will take the group to a total of 34 high street offices.

Acorn CEO Robert Sargent, said "It's hard to believe that in just five years we have grown by 127%! I'd love to take credit for it, but the truth is we have the public to thank for investing their trust in us on a daily basis. We're all extremely grateful and will continue to ensure we don't take that trust for granted."

London Bridge Kennington

Camberwell

Peckham Dulwich

Brockley

Forest Hill

Streatham

Sydenham Crystal Palace

Sidcup office

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Our first office opened in Grove Park back in 1984 (where it still operates from today!). Our newest office just recently opened in Blackfen.

East Greenwich West Greenwich

Blackheath Standard

Plumstead High Street Plumstead Common

Blackheath Village Welling Bexleyheath

Lewisham Lee

Blackfen

Eltham

Catford

Dartford Grove Park

Sidcup Chislehurst

Beckenham Bromley South Swanley

Orpington West Wickham Locksbottom

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Tower Bridge A Deep Dive

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Residents are so used to seeing the great sights of London, we sometimes forget just how incredible they are. Tower Bridge is the most famous river crossing in the world and tourists travel halfway around the world to see it, yet for many locals it’s just part of the everyday commute.

It’s always been that way, of course.

Many of the people who built and worked on the bridge lived in the area, and a new permanent display at the Tower Bridge Exhibition celebrates the folk who lived in the surrounding streets that worked on the bridge. Some had less of a commute than others. Bridge Master for 35 years, John Gass’ house – the red brick and stone building on the south side of the bridge – still stands today. His brother James, who

was an assistant engineer, also lived on Tower Bridge Road.

Although there were plenty of crossings west of London Bridge, there had traditionally been none on the other side because a more easterly bridge over the Thames, one of the busiest rivers in the world, would prevent tall-masted ships passing into The City. As the southern side of London became ever busier, however, horses, carts and people also needed to pass. In 1876, a competition was held to design a bridge that would allow everyone to use the river. Sir Horace Jones and Sir John Wolfe-Barry’s design included ‘bascules’ (French for ‘see-saw’) to open up the roadway when ships needed to pass through, and a high-walkway for

pedestrians. Steam-powered hydraulics lifted the bascules and, by any stretch of the imagination, the project was going to be big.

Over eight years of construction, 432 workers laboured on site. The underwater team moved in first. Some of Britain’s finest divers, their slow, back-breaking work was to sink caissons (steel cages) into the heavy clay then dig out foundations that would support everything. The Thames was busy, filthy and smelly and visibility was low, even using the Victorian ‘underwater lanterns’ on show in the exhibition. Their suits were hi-tech – for the 19th century – but cumbersome. The one on display includes massive lead boots and weights hanging around the neck like pendants. »

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Head of the diving team, Samuel Friend Penny, James ‘Ginger’ Bateman and William Walker are all featured in the new displays.

Proving just how dangerous the work was, Walker was awarded the Royal Humane Society certificate for saving the life of a workman who had fallen into the river.

The twelve caissons, each 8m deep on the riverbed, weren’t the last of the foundation works required. The bascules needed somewhere to swing into when they were opened, so gigantic hollows were dug into the riverbanks. These vast, spooky vaults remain empty most of the time, until the bridge opens. The ‘bascule chambers’ are very, very occasionally opened for concerts, usually during the annual Totally Thames Festival, and the acoustics are superb (see p10).

They cannot be opened any more regularly as ships still have the right to demand passage at any hour of the day or night – though they are politely asked to let

Tower Bridge under repair.

James Bateman, Submarine Diver. 1907-8.

The construction crew. 1894.

A W Cross. 1930s.

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Inspecting bomb damage. 1941.

Tower Bridge under construction.

the Bridge Master know in advance. At the turn of the 20th century there were over 9,000 bridge lifts a year. Today, there are only around 1,000, but that still averages out at nearly three per day. On the Tower Bridge Exhibition website there is a list of upcoming lifts, which is great for anyone hoping to witness one, either from the bank or, if you’re organised, from the glass floor in the walkway above.

Residents are so used to seeing the great sights of London, we sometimes forget just how incredible they are.

The walkways were closed in 1910 because most pedestrians, especially those with heavy loads, preferred to just wait for the bridge to open again rather than tramp up dozens of stairs. They didn’t open again until 1982, when visitors could once again climb the shallow steps to the top and experience fantastic views across the river.

There is a lift but the exhibition continues up the stairs, and would be a shame to miss.

It’s worth catching the movie, too, which includes the earliest-known footage of the bridge in action.

The roadway is still lifted by hydraulics, but since 1976, they’ve been powered by oil and electricity. That doesn’t mean the steam has gone. The Victorian engine rooms remain pristine – and working – maintained by a team of on-site experts. »

Construction workers on Tower Bridge.

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Bascule Chamber Photo: Steve Stills

The ‘bascule chambers’ are very, very occasionally opened for concerts, usually during the annual Totally Thames Festival, and the acoustics are superb.

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Smooth as silk, the pistons whirr and purr, beautifully painted, oiled and serviced; their dials, cogs and oil-gauges looking like something from an HG Wells novel.

Visitors can see the gigantic boilers, glowing red from the ‘coals’, then learn about the army of stokers that fuelled it, many of whom lived in the streets of SE1.

Tower Bridge was officially opened on 30th June 1894 by the future King Edward VII, but it was already a tourist attraction.

From the start visitors flocked to see it – a marvel of modern engineering in a style that complemented its next door neighbour, the Tower of London.

Even during World War II the Luftwaffe had no intention of bombing the bridge.

It was far too important as a marker for enemy navigation, so they could locate their real target, the docks. The British people didn’t know it wouldn’t be hit, however, and we learn about Ernest Rouse, Head Watchman, who also acted as the bridge’s air raid warden.

The bridge’s staff were large enough to be almost like a ‘household’. Hannah Griggs was born to a single mother in Bermondsey and lived in the workhouse until she was 13 or 14 when she became a servant. Working as a cook she became the first woman employed at the bridge, in 1911, but had to leave when she had a baby.

It’s easy to become blasé about local landmarks and, of course, Tower Bridge

will always have its worldwide tourists.

Few people, however, realise that, on top of the great visits for all the family, including a family trail app and booklet for 5-10 year olds, there are all kinds of events that are specifically aimed at local residents. Why not try a session of Sunrise Yoga in the West Walkway, where you can stretch your way to work-readiness 42 metres in the air while watching the rest of the commute through the famous glass floor? Behind the scenes tours will take you to areas you can’t normally get to, including the control room and – shipping permitting – those famous bascule chambers. For younger people, the Family Learning Programme immerses kids in activities that help them discover even more about the bridge and how it was built.

And the best bit of all? If you’re a local resident (Tower Hamlets, City of London or Southwark), up until 31st March 2019 you can get in for just £1. Details of the ‘Community Ticket’ and what you need to prove your address can be found on the Tower Bridge Exhibition website.

Even if you don’t find your way into the exhibition this year, if your commute includes Tower Bridge, there’s one last thing to look out for. Take a moment to look down – you’ll see, set into the pavement, a ‘walk of fame’ set of brass plaques, celebrating the folk that created – and ran – the greatest bridge on earth. www.towerbridge.org.uk

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What’s On In SE1 With 17 years of operation in SE1, it's fair to say we know London Bridge inside out.

Renewal: Life after the First World War in Photographs Imperial War Museum

In the years following the First World War, countries, cities, societies and individuals had to regenerate and rebuild themselves on an unprecedented scale – but from devastation and loss, a new world emerged.

This exhibition is part of Making a New World, a season of innovative exhibitions, installations and immersive experiences taking place across Imperial War Museum venues.

The free season will explore how the First World War has shaped the society we live in today.

21 September 2018 – 31 March 2019 iwm.org.uk

A Very Very Very Dark Matter Bridge Theatre

In a townhouse in Copenhagen works Hans Christian Andersen, a teller of exquisite and fantastic children’s tales beloved by millions.

However, the true source of his stories dwells in his attic upstairs, her existence a dark secret kept from the outside world. As dangerous, twisted and funny as his National Theatre and Broadway hit The Pillowman, Martin McDonagh’s new play travels deep into the abysses of the imagination.

12 October 2018 – 6 January 2019 bridgetheatre.co.uk

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Twelfth Night Young Vic

A Young Vic adaptation of Kwame KweiArmah and Shaina Taub’s Twelfth Night, originally performed at The Public Theater in New York as part of their Public Works programme, and revisited this summer as part of their free Shakespeare in the Park Delacorte season.

This musical reworking of William Shakespeare’s comedy with music and

lyrics by critically acclaimed songwriter Shaina Taub, will be designed for the Young Vic stage by Rob Jones with Oskar Eustis, Artistic Director of The Public Theater, co-directing with Kwame Kwei-Armah. Initial casting includes: Gabrielle Brooks as Viola; Gbemisola Ikumelo as Maria; Jonathan Livingstone as Antonio and Silas Wyatt-Barke as Sir Andrew Aguecheek.

2 October 2018 – 17 November 2018 youngvic.org

Space Shifters

Hayward Gallery, Southbank Centre Space Shifters features artworks by more than 20 international artists that alter or disrupt our sense of space and re-orient our understanding of our surroundings in ways that are subtle and dramatic. Often constructed from reflective or translucent materials, not least glass, resin and mirror, the artworks in this exhibition elicit responses that are both physiological and psychological. The exhibition will include pioneering sculptures from the 1960s as well as ambitious new commissions that respond to the distinctive architecture of the Hayward Gallery.

26 September 2018 – 6 January 2019 southbankcentre.co.uk

Philip Pullman's Grimm Tales The Unicorn Theatre

Jeppe Hein, 360° Illusion III, 2007, © Jeppe Hein

Kirsty Housley directs a delicious selection of Philip Pullman’s favourite fairy tales by the Brothers Grimm, in an acclaimed adaptation

by Philip Wilson, re-told for Christmas.

Enter a world of powerful witches, enchanted creatures, careless parents and

fearless children as they embark on adventures full of magic, gore, friendship, and bravery.

But beware, because like the world, these gleefully dark and much-loved tales won’t be quite what you expect…

13 November 2018 – 6 January 2019 unicorntheatre.com, for ages 8+

Antony & Cleopatra by William Shakespeare

Olivier Theatre, The National Theatre Caesar and his assassins are dead. General Mark Antony now rules alongside his fellow defenders of Rome. But at the fringes of a war-torn empire the Egyptian Queen Cleopatra and Mark Antony have fallen fiercely in love.

In a tragic fight between devotion and duty, obsession becomes a catalyst for war.

Politics and passion are violently intertwined in Shakespeare’s gripping tale of power.

Ralph Fiennes and Sophie Okonedo play the fated couple. Directed by Simon Godwin. Antony and Cleopatra will also be screened by 'National Theatre Live' on 6/12.

18 September 2018 – 19 January 2019 nationaltheatre.org.uk

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Then & Now SE1 is forever evolving, but despite the constant march of progress, as seen with The Shard and the more recent improvements to London Bridge Station, the area also values its long history, as seen by these amazing old and new photos.

1881

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Then & Now:

The George Inn A public house established in the medieval period on Borough High Street, The George is the last remaining galleried inn in London.

The original George Inn was destroyed in a fire in 1676 and rebuilt in 1677. The George was frequented by Charles Dickens and is mentioned in Little Dorrit.

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1962

Then & Now:

Southwark Bridge St Paul's Cathedral (designed and built by Christopher Wren and Nicholas Hawksmoor in 1676) and Southwark Bridge (built in 1913 to replace the 'Queen Street Bridge' which preceded it) are the only constants in these two photos, taken nearly 60 years apart.

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c1955

Then & Now:

Cannon St Station Opened in 1866, Cannon Street was built by the South Eastern Railway (SER) to help them compete with their rivals. The two distinctive Christopher Wren-style towers (which are Grade II listed) are today the only surviving parts from the original station.

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The Foodie Shortlist

Borough Market (also known as 'London's Larder') is world famous for its fresh produce, but over the past 15 years, the wider area has become a must-visit destination for those who 'live to eat' rather than 'eat to live'. From street food to gourmet restaurants, and some fantastic markets and grocery shops, we round up just a few of our gastronomic favourites in the area.

BOB'S LOBSTER Unit 59 St .Thomas Street, London SE1 3QX bobslobster.com

PIQUE-NIQUE Tanner Street Park, London SE1 3LD pique-nique.co.uk

FLOUR & GRAPE 214 Bermondsey Street London SE1 3TQ flourandgrape.com

GIDDY GROCER 80 Bermondsey Street London SE1 3UD giddygrocer.co.uk

A craving for seafood, wine pairings, love of fishing and nostalgic memories of endless summer holidays inspired the launch of BOB’s Lobster. First popping up in Borough Market in the summer of 2013 where they served from a little 1950s VW Camper (the very same camper now parked inside their St. Thomas Street arch) in an effort to make quality wines and seafood more accessible. Expect an epic and great value wine list with a seasonal and sustainable surf and turf small plates menu ideal for sharing and exploring.

Tucked away in a long-empty building behind the Tanner Street tennis courts, is this wonderful French bistro from the legendary team behind CasseCroûte. There's an expertly chosen wine list, a range of bistro classics, and just like its sister restaurant, a blackboard of specials on the day. In addition to lunch and dinner, on weekends you can also get a fantastic breakfast. Winning rave reviews from the critics, Pique-Nique is another slice of French foodie heaven you can't afford to miss.

The clue is in the name!

This lovely and acclaimed Italian restaurant on bustling Bermondsey Street, offers hand-made fresh pasta and an extensive choice of exciting Italian wines. The cosy interior is inviting and the menu is a delightfully simple list of super tasty dishes, and there's something for everyone, including gluten-free options on most dishes. If you're ever passing on Bermondsey Street, be sure to watch the fresh pasta being made in the window, by the expert chefs.

The Giddy Grocer is a new grocery store on Bermondsey Street with a nostalgic sensibility, yet a distinctly twenty-first century sustainable outlook.

Their emphasis is on sourcing primarily from artisan British producers and championing exciting newcomers, while still keeping things local. The shop itself is an Aladdin’s cave of delights, from bread and pastries, wines and ales, and traditional deli items such as cheese and home-cooked hams, to fresh meat and fish, and seasonal fruit and vegetables.

NATIVE 32 Southwark Street, London SE1 1TU eatnative.co.uk

CAPHE HOUSE 114 Bermondsey Street, London SE1 3TX caphehouse.com

COMPTOIR GOURMAND 96A Bermondsey Street, London SE1 3UB comptoirgourmand.co.uk

FINE FOODS 218 Long Lane, London SE1 4QB finefoodse1.co.uk

Native looks to provide its guests with an original dining experience through a combination of innovative cooking and country thrift using the UK's best wild and foraged food. The restaurant is a charmingly laid back affair, offering a full-flavour adventure through the British seasons. The menu evolves throughout the year due to the availability of ingredients. Without exception, all the dishes we've tried so far have been inventive and exciting, as you'd expect from a River Cottage-trained chef.

First established in 2008, Caphe House is a Vietnamese Café with a passion for coffee and pho (a soup usually containing broth, rice noodles, herbs and meat).

Caphe House is more of a café than a restaurant, and is one of the few places that serves both Vietnamese sandwiches and noodle soups. Authentic-style white coffees, both hot and iced, are also available. It's not unusual to see queues out the door and down the road, so take advantage of the online ordering. For a healthy and delicious lunch, look no further!

For a quick breakfast or delicious lunch, there's no place we'd rather go than Comptoir Gourmand. From salads to exciting sandwiches in a wide variety of artisan breads, this place has it all. Croissants, pastries, quiches, madeleines, brioche, baguettes, ciabattas, eclairs and more! In the evening they offer delicious charcuterie & cheese boards, wine, lager, cocktails and savoury cakes. If you've got the time, it's a great place to sit outside and watch the daily hustle and bustle of Bermondsey Street.

Fine Foods is a combined deli and 23 seat restaurant. The deli offers a wide variety of pastas, cheeses, meats, spirits, red and white wines, jams, compotes, sauces, oils, vinegars, coffees and more. The restaurant, called 'Locanda del Melo', has classic Italian favourites cooked to traditional recipes, with fantastic seasonal ingredients. They can also provide catering services for any and all occasions, and if you're a little further afield, or can't get to the shop in person, there's always their online ordering service.

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The Romans founded London on the current site of the City of London around 50 AD. It's name is derived from the Celtic word Londinios which means "place of the bold one". With a couple of thousand years under its belt, London has accrued thousands of obscure or little-known facts. As local area experts, we're expected to know our patch – here are some of our favourite facts that you can use to wow (or bore) the guests at your next dinner party!

The London Eye receives more visitors than the Taj Mahal and the Great Pyramids of Giza. It has 32 pods, representing the 32 Boroughs within London.

Mine roof

is on fire .

The original Shakespeare’s Globe Theatre was built in 1559 and was destroyed by a fire in 1613, caused by a pyrotechnic going wrong.

shutterstock.com

Many more people died in the Great Fire of Southwark in 1212 than in the Great Fire of London in 1666, with most casualties caught on the bridge as it burnt from both ends.

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Bermondsey is said to be named after ‘Bermond’s Eg’. Eg is a Saxon term me aning island of dr y land surrounded marsh, in this case by owned by someone called ‘Beormand’.

ular type population, the most pop Due to its densely packed there are 46 flats t, fac In s. flat are SE1 of properties for sale in in the area. for every terraced house

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South East One 22

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Area Overview

Transport Times Stratford (17 mins) Camden Town (15 mins) Tottenham Court Rd (14 mins) North Greenwich (9 mins) Kings Cross Intl. (9 mins)

1+1+395O 36+44+173O

with Bermondsey’s many long-standing residents, has created community spirit unique to the area.

Bermondsey is perfect for families, with parks and pubs, yet also offers a flipside – funky bars and curious pop-ups – that works seamlessly. Pop down to the markets at Borough, Maltby Street or Flat Iron Square to sample some of the local food. Bermondsey offers the best of London, from river walks along the South Bank and theatres at The Globe and Old Vic to street food and independent boutiques – and that doesn’t even scratch the surface!

It's no wonder then, that earlier this year, The Sunday Times named Bermondsey as the best place to live to London, fighting off competition from places like Clapton and Notting Hill. The panel of judges said that the choice "reflects the rise of an area that epitomises the modern urban good life". We couldn't agree more.

Detached Semi Terraced Flat

1 bed 2 bed 3 bed 4+ bed

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Dartford (35 mins) Gatwick (29 mins) Kentish Town (21 mins) Woolwich (22 mins) East Croydon (15 mins)

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For years, Bermondsey’s traditional, close-knit neighbourhood was hidden away behind dark railway arches and narrow streets. Now the area has come into its own. Quaint Georgian streets and solid Victorian warehouses have opened up – and brightened up – this most eclectic and historical of areas. Businesses old and new, established and artisan, are adding to SE1's already well deserved reputation.

Close to the City, Canary Wharf and the West End, London Bridge has excellent transport links, making it a great place to live and work. The area’s industrial past is evident in the warehouse conversions now available as residential homes but new-build developments, often by awardwinning architects, make for a joyful mix of old and new. From small, ex-local authority flats to lavish river view apartments and Georgian townhouses, the sheer range of property attracts a mix of people to the area. This new influx, along

Property Types

London Bridge Stuart Challis Branch Director Acorn London Bridge 116 -118 Bermondsey St London Bridge, SE1 3TX Contact: 020 7089 6565 stuart.challis@acorn.ltd.uk

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Properties To Buy Find out more about these properties by calling our London Bridge office on 020 7089 6565

Alaska Buildings «

Grange Road, SE1 Set within the iconic ‘Art Deco’ Alaska Buildings, this stunning one bedroom, fifth floor apartment offers the ideal setting for those looking for a premier SE1 location and modern loft-style living. A wonderful example of a period warehouse conversion.

• • • • • •

Incredible Views Fifth Floor 24hr Concierge Premier Development Substantial Water Gardens Energy Efficiency Rating C

£630,000 L/H

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Milliners House «

Bermondsey Street, SE1 Having been well-maintained by the current owner, this delightful third floor, luxury apartment is offered in immaculate condition.

Designed with an impressive 672 sq ft of living space.

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Popular Warehouse Conversion Huge Living Space One Double Bedroom Contemporary in Design Bermondsey Street Location Energy Efficiency Rating C

£650,000 L/H

Reverdy Rd «

Bermondsey, SE1 Charming and stylish, this three double bedroom home has been upgraded and lovingly looked after by the current owners, combining quality modern additions with original period features. EER D.

£799,995 F/H

The Arc «

Tanner Street, SE1 Boasting one of SE1’s most enviable and sought after addresses, this premier two bed, two bath apartment offers an abundance of flexible living space throughout. Owned from new, this stylish second floor apartment is offered in immaculate condition and finished to the highest possible standard.

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Two Double Bedrooms Central SE1 Location Chain Free Private Balcony Secure Underground Parking Energy Efficiency Rating B

£749,950 L/H For more properties visit acorn.ltd.uk

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Icon Apartments Cluny Place, SE1 Located in one of SE1’s most sought after addresses, this outstanding two/three bedroom warehouse conversion offers an abundance of flexible living space throughout.

Contemporary in style, this 2,231 sq ft apartment is breathtaking and inspiring in equal measure.

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Warehouse Conversion Bespoke Fixtures and Fittings Central SE1 Location Immaculate Chain Free Energy Efficiency Rating C

£999,995 L/H

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Koops Mill Abbey Street, SE1 Koops Mill is a small boutique style development that optimises the essence of true urban living within the heart of historic Bermondsey. This stunning two bedroom, two bathroom apartment is truly wonderful and boasts a top end specification and two substantial private terraces.

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Two Double Bedrooms Two Terraces Second Floor Gated Development Chain Free Energy Efficiency Rating B

£950,000 L/H

For more properties visit acorn.ltd.uk

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Quad Court Griggs Place, SE1 This exceptionally well-designed one bedroom apartment really does have the “Wow Factor!”. Quad Court is a small boutique style development that comprises only three apartments, all benefiting from a share of the freehold. Modern, stylish and really rather unique.

£499,995 S/O F/H

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Contemporary Design Private Patio One Bedroom Share of Freehold Lovely Location Energy Efficiency Rating B

Rose Stapleton Terrace Pages Walk, SE1 An impressive four bedroom freehold, endof-terrace family home, set over three floors and spanning over 1,600 sq ft with a spacious reception room, fitted kitchen, four goodsized bedrooms, a private garden and gated as well as off-street parking. Stunning and extremely rare to the market.

• • • • • •

End Of Terrace House Immaculate and Stylish Four Bedrooms Two Bathrooms Front and Rear Gardens Energy Efficiency Rating B

£1,465,000 F/H

Grange Rd Bermondsey, SE1 Stylish, modern and immaculately maintained this lovely third floor apartment will appeal to first time buyers and investors alike. Offering generous room proportions throughout and an abundance of natural light, this one double bedroom home is charming. EER B.

«

£465,000 L/H

Bushwood Dr «

Bermondsey, SE1 Sympathetically designed and boasting 823 sq ft of flexible living space this stylish two bedroom maisonette is offered in immaculate condition, combining high quality modern fixtures and fittings with an abundance of flexible living space and a quiet but central location. EER D.

£425,000 L/H

Bermondsey Central Maltby Street, SE1

Literally moments from the delights of Maltby Street Market, Shad Thames and Bermondsey Street, this stylish one double bedroom apartment boasts a premier SE1 location and an impressive 518 sq ft of luxury living space, ideal for those looking to enjoy central London living to its fullest. EER D.

£510,000 L/H

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The SE1 Review

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«

Croxted Rd West Dulwich, SE21 A brand new, state-of-the-art luxury two bedroom home for sale in West Dulwich, SE21. Located close to Dulwich Village, this stunning newly-built detached home has been finished to a high specification throughout.

Offered for sale chain free. EER C.

£735,000 F/H

Thorburn Sq Bermondsey, SE1 A fantastic one bedroom garden flat within the popular Thorburn Square development.

Having been modernised throughout this lovely ground floor apartment is offered in immaculate condition and makes a fantastic first time buy and investment. EER C.

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£310,000 L/H For more properties visit acorn.ltd.uk

The SE1 Review

31

Properties To Let Find out more about these properties by calling our London Bridge office on 020 7089 6565

Bell Yard Mews «

Bermondsey Street, SE1 This stunning apartment has a fantastic luxury open-plan living area with a high gloss newly fitted kitchen, the rarity of three generous double bedrooms and two stylish bathrooms.

This apartment is in the heart of SE1.

• • • • • •

Refurbished Throughout Luxury Fixtures and Fittings Three Double Bedrooms Lift Service Stunning Central Location Energy Efficiency Rating C

£675 Per Week

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The SE1 Review

Porlock St «

Bermondsey, SE1 An impressive semi-detached house that has undergone extensive redesign throughout.

Boasting a large open-plan living space with a contemporary fitted kitchen and separate lounge this two bedroom, two bathroom property is as stunning as it is rare. Offered furnished or part-furnished.

• • • • • •

Contemporary Design Private Garden Two Double Bedrooms Two Bathrooms Luxury Open-Plan Living Area Energy Efficiency Rating E

£795 Per Week

Esmeralda Rd «

Bermondsey, SE1 A truly stunning two bedroom, mid-terrace house in the heart of Bermondsey. Having been refurbished throughout this property is immaculate and boasts a huge amount of flexible living space. EER D.

£475 Per Week

Bermondsey St «

Bermondsey, SE1 Beautiful two bedroom, split-level, period conversion situated directly on Bermondsey Street surrounded by trendy boutiques, restaurants and bars. Occupying three floors in an 1820s listed building, this unique property retains many period features.

• • • • • •

Split-Level Period Conversion Two Double Bedrooms Seperate Kitchen/Diner Shared Courtyard Garden Lovely Location Energy Efficiency Rating E

£595 Per Week For more properties visit acorn.ltd.uk

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Jam Factory Green Walk, SE1 A beautifully presented, one bedroom apartment set within a premier warehouse conversion in central SE1. This delightful second floor apartment offers the perfect balance between modern fixtures and fittings and period charm, and will appeal to those looking for loft style living.

• • • • • •

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Period Warehouse One Double Bedroom Rich in Charm and Character Immaculate 24 Hour Concierge Energy Efficiency Rating C

£525 Per Week

Zona Court «

Grange Walk, SE1 Immaculate and flawless one bedroom modern apartment situated on the first floor of a small purpose-built block located on the corner of the charming Grange Walk.

Situated just a short distance from the boutiques, trendy bars and restaurants of Bermondsey Street.

• • • • • •

Modern One Bedroom Apartment Great Living Space Close to Bermondsey Street Luxury Specification Boutique Development Energy Efficiency Rating B

£380 Per Week

Alaska Buildings Grange Road, SE1 Set within the fabulous ‘Art Deco’ surroundings of the Alaska Building, this delightful split-level one bedroom apartment offers the perfect balance between modern fixtures and fittings and period charm.

• • • • • •

Offered Furnished Private Patio Garden Allocated Parking Double Height Windows Desirable SE1 Location 24hr Concierge

£410 Per Week 34

The SE1 Review

«

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Market Overview A roundup of what's going on throughout our divisions

Residential Sales

by Stuart Challis Branch Director 020 7089 6565

It's hard to believe a year has flown by since the last SE1 review. Looking back, on the face of it, the housing market would seem to be in the same choppy waters that we have witnessed across the past couple of years.

Brexit and the added Stamp Duty for second homes have now been the subject of conversation for almost as long as I can remember but is the sales market locally still the same? Certainly, it remains a buyers’ market and first time buyers are benefiting from more choice than in previous years and a big increase in onward chains reflect that many are using the market conditions positively to move home. After a Mexican stand-off between sellers and buyers I am seeing a meeting of minds and a big increase in agreed sales compared to 2017. Returning

confidence may be a factor but I also believe that interest rates (despite the recent base rate increase) remaining historically low, government stamp duty incentives for first time buyers and an element of just 'getting on with life' are all positive factors.

Above all, advice is the key to unlock any move. Having worked locally for well over a decade I have experienced a great many markets, from the financial crash in 2008 to literally selling out of properties in 2014. My point being that every market presents different challenges and experience has taught me that having the confidence to offer the correct advice with no little amount of diligence, understanding and enthusiasm will go a long way, after all... it's the best area in London to live.

Residential Lettings

by Shirin Noroozi Lettings Manager 020 7089 6565

Having just been voted the best place to live in London 2018, Bermondsey is now firmly on the map. Having worked for Acorn for just over 10 years now I can say this particular area is my personal favourite and it’s great to see it has now been so deservedly recognised. With its unique village feel, trendy shops, bars and food markets the area attracts a great mixture of people all looking to immerse themselves into the lifestyle Bermondsey offers.

Having helped find homes for so many tenants over the years here, it’s lovely to see these same people come back to us and become homeowners or now landlords themselves. It’s those relationships that matter so much to us and is the reason I enjoy my job. We find our landlords return to us year-after-year knowing we

are going to find them the right tenants and that we understand their needs.

This year has been extremely busy for lettings so far and after the slight correction in rental prices in 2017 we have seen more potential tenants registering this year which is great news for local landlords. New innovative schemes such as Zero Deposit are being introduced across the lettings market making it more affordable for tenants to move. The scheme allows them to purchase a policy covering the traditional 6 weeks deposit but costing them just one week of rent, which I’m sure will continue to be a popular choice for both tenants and landlords. An exciting future for Bermondsey!

This year has seen a record year for our New Homes Division. We are one of a few estate agencies that provide a complete specialist service for developers and buyers.

The government continuing with the Help to Buy scheme allows buyers to receive a 40% equity loan with a 0% interest charge for the first 5 years and first time buyers needing to only contribute 5% deposit has certainly allowed them to get on the property ladder.

There is also the added benefits of very low interest rates and a 55% loan to value (up to £600,000 purchase price).

This scheme continues to run until 2021.

In an advice-led market, it is important that buyers and developers are receiving the right information to help

make the right decisions. We have a number of schemes in SE1 and across South London including a mixture of first time buyer apartments, luxury penthouses and family homes.

Both 'Alwen Court' on Pages Walk and 'City Reach' on Tower Bridge Road are situated in the heart of SE1 and between them offer a range of 1, 2 & 3 bedroom apartments and penthouses – all of which are available now and many are eligible for purchase on the Help to Buy scheme.

With a number of developments still to the launch over the coming months, I'm confident that our already record-breaking year will end on a high.

New Homes

by Akin Kara New Homes Manager 020 8315 6996

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The SE1 Review

Build to Rent

by Kimberley Ellen BTR & Corporate 020 8315 6917

So far 2018 has seen an industry wide focus on customer service. Build to Rent (BTR) ‘tenants’ are, as they should be, now viewed as customers and levels of customer service have intensified. Many key BTR players are now making principal changes to their approaches and are adapting higher service levels in order to sustain the demand expected from customers.

Elephant & Castle is currently undergoing a huge transformation with approximately 19 projects (completed, in construction or with planning) within the core plan area. Affordable housing is, as usual, at the forefront of many planning applications, and with Southwark recently setting out their Affordable Housing guidance, we will now see more developments obliged

to incorporate this into schemes.

The most recent approved planning application was for the demolition of the Elephant & Castle Shopping Centre which will be replaced with 175,000 sq ft of new leisure facilities, shops, cafés and restaurants, 979 new homes, a new Northern Line entrance with better accessibility and step-free access to the station along with a brand new building for the London College of Communication and University campus. If you find yourself unsure a potential acquisition will work for the BTR market or would like to discuss a scheme already acquired, please do not hesitate to get in touch with me for a confidential conversation.

Commercial & Development

by Tom Luck Director 020 7089 6555

As was largely expected, 2018 saw no gathering of pace in the market from the back end of 2017.

Over many years we’ve earned a reputation as the ‘goto’ agent for the sale of development sites with planning permission. Given the undoubtedly challenging residential market, we’re regularly asked about the impact on appetite for residential development land. The short answer is that demand remains high, and land values are being sustained, but the back story certainly isn’t as rosy as it was 24 months ago. We’re seeing a heavier reliance on finance, and more consistent down valuation. Buyers and their funders are also far more focussed on the resale market and the rate of sale they can expect on their finished product in 12-18 months’ time. The role that a specialist agent fulfils is therefore

more vital now than it has been for many years. We have the land sale evidence and residential comparables to help comfort buyers and funders. Demand for all types of commercial property to rent or buy remains strong. Office rents are holding up although serious consideration should be given to rental levels and terms being sought. On the investment side, we are seeing lots more interest from smaller or private investors now that, from a tax point of view, residential buy-to-let investments are less attractive.

Our in-house financial services team are seeing an increase on the level of commercial mortgages being written for an increasing number of clients. If you're looking to buy or sell investment or development opportunities, or interested in commercial property, please do not hesitate to contact me.

Start Financial Services

by Grant Nichols Financial Services Director 020 8315 6960

The Bank of England raised interest rates to 0.75% at the meeting in August with confidence in the economy rebounding after a blip in the first three months (which was attributed somewhat to the poor weather) and estimates that wages will improve in the immediate future. This increase to the base rate should help to ease inflationary pressure with the current rate at 2.4%, so future increases to the cost of living can be controlled.

Unemployment is currently at an all-time low at 4.2% and expected to fall further. So despite the now familiar Brexit doom and gloom there seems to be some compelling reasons for optimism.

The majority of lenders anticipated the base rate increase so re-priced their product ranges to reflect the

increased cost of wholesale funding, but despite this residential products are still available from 0.99% and buy-to-let products from 1.39%. The lending market is becoming more competitive too with new lenders opening their doors regularly. In order to attract business they have to innovate in terms of new criteria in particular with regards to buy-to-let, which was heavily impacted by the new PRA regulations, and they have done this so that investors can continue to buy more property and new investors can get the ball rolling. With lender numbers increasing to such a degree it is imperative that everyone who needs a new mortgage or has one already, has a review with one of our whole-of-market brokers to ensure that they receive the most appropriate advice.

The SE1 Review

37

SOLD

BILLION WORTH OF PROPERTY

CARRIED OUT

THOUSAND

WORTH OF

MORTGAGES

CONDUCTED

80,000

VIEWINGS

OUR DATABASE HAS OVER

25,000

TODAY WE HAVE

OVER

OVER

STAFF

�

MILLION

30 400

FIFTEEN

£378 OFFICES

VALUED

10,000

SURVEYS

ARRANGED

& PROPERTIES

The Acorn Group

I N T H E L A S T T W E LV E M O N T H S

BUYERS

LOOKING FOR PROPERTY

Residential Sales & Lettings Beckenham – Langford Russell 020 8663 4433 beckenham@langfordrussell.co.uk

Dartford – Acorn 01322 478 555 dartford@acorn.ltd.uk

London Bridge – Acorn 020 7089 6565 londonbridge@acorn.ltd.uk

Bexleyheath – Acorn 020 3675 8000 bexleyheath@acorn.ltd.uk

Dulwich – Acorn 020 8516 3666 dulwich@acorn.ltd.uk

Orpington – Langford Russell 01689 661 400 orpington@langfordrussell.co.uk

Blackfen – Acorn 020 3861 0333 blackfen@acorn.ltd.uk

Eltham – Acorn 020 8860 9999 eltham@acorn.ltd.uk

Peckham Rye – Acorn 020 7771 6777 peckham@acorn.ltd.uk

Blackheath Standard – John Payne 020 8858 6101 blackheathstandard@johnpayne.com

Forest Hill – Acorn 020 8333 5080 foresthill@acorn.ltd.uk

Plumstead Common – Acorn 020 3861 0000 plumsteadcommon@acorn.ltd.uk

Blackheath Village – John Payne 020 8318 1311 blackheathvillage@johnpayne.com

Greenwich (East) – John Payne 020 3846 1414 eastgreenwich@johnpayne.com

Plumstead High Street – Acorn 020 3861 0111 plumsteadhighstreet@acorn.ltd.uk

Brockley – Acorn 020 8694 1177 brockley@acorn.ltd.uk

Greenwich (West) – John Payne 020 8858 9911 westgreenwich@johnpayne.com

Sidcup – Acorn 020 3861 0444 sidcup@acorn.ltd.uk

Bromley – Langford Russell 020 8315 5544 bromley@langfordrussell.co.uk

Grove Park – Acorn 020 8857 2244 grovepark@acorn.ltd.uk

Streatham – Acorn 020 8768 6373 streatham@acorn.ltd.uk

Camberwell – Acorn 020 7871 7488 camberwell@acorn.ltd.uk

Kennington – Acorn 020 7820 6090 kennington@acorn.ltd.uk

Swanley – Acorn 020 3861 0222 swanley@acorn.ltd.uk

Catford – Acorn 020 8333 4488 catford@acorn.ltd.uk

Lee – John Payne 020 8852 8633 lee@johnpayne.com

Sydenham – Acorn 020 8776 7070 sydenham@acorn.ltd.uk

Chislehurst – Langford Russell 020 8295 4900 chislehurst@langfordrussell.co.uk

Lewisham – Acorn 020 8852 4455 lewisham@acorn.ltd.uk

Welling – Acorn 020 8304 7272 welling@acorn.ltd.uk

Crystal Palace – Acorn 020 8768 0000 crystalpalace@acorn.ltd.uk

Locksbottom – Langford Russell 01689 882 988 locksbottom@langfordrussell.co.uk

West Wickham – Langford Russell 020 8432 7373 westwickham@langfordrussell.co.uk

Other Divisions & Services Build-To-Rent/PRS 020 8315 6917

Customer Services 020 8315 6929

New Homes (London) 020 7089 6566

Chartered Surveyors 0845 63 44 187

Estate Management 020 8315 6980

Recruitment 020 8315 6939

Commercial & Development (Kent) 020 8315 5454

Financial Services & Insurance 020 8315 6960

Property Management 020 8315 6909

Commercial & Development (London) 020 7089 6555

Inventory Services 020 8315 6950

Property Management - John Payne 020 8318 0243

Conveyancing 0333 240 6891

Lease Extensions 020 8315 6901

PR & Marketing 020 8315 6959

Corporate & Premier Division 020 8315 6910

New Homes (Kent) 020 8315 6996

Unique 020 8378 1222

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