LPR Central January 2016

REVIEW LONDON PROPERTY

EXCLUSIVE HOMES FOR SALE & RENT

JANUARY 2016

Islington Square

New postal district

Try before you buy

Cinematic duplex Music legend’s spectacular Mayfair penthouse LPR Cover Jan 2016.indd 1

C PR OU O N PA PE TR 46 GE R Y –7 S T Y 7

Historic Chelsea townhouse

16/12/2015 08:41

SOLD

SOLD

SOLD

Moore Street Chelsea, SW3 Guide Price: £4,950,000

Clunie House Knightsbridge, SW1 Guide Price: £2,950,000

Cheyne Terrace Chelsea, SW3 Guide Price: £14,950,000

SOLD

SOLD

SOLD

Egerton Gardens Knightsbridge, SW3 Guide Price: £1,999,900

Burton Court Chelsea, SW3 Guide Price: £7,500,000

Halsey Street Chelsea, SW3 Guide Price: £3,350,000

SOLD

SOLD

SOLD

Rutland Gardens Knightsbridge, SW7 Guide Price: £8,950,000

Ovington Square Chelsea, SW3 Guide Price: £1,495,000

Cadogan Square Knightsbridge, SW1 Guide Price: £7,500,000

SOLD

SOLD

SOLD

Godfrey Street Chelsea SW3 Guide Price: £3,600,000

Walton Place Knightsbridge, SW3 Guide Price: £10,995,000

Onslow Square South Kensington, SW7 Guide Price: £4,500,000

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08/12/2015 15/12/2015 14:06 15:28

SOLD

SOLD

EXCEPTIONAL RESULTS IN 2015 FOR KNIGHT FRANK KNIGHTSBRIDGE

Cadogan Square Knightsbridge, SW1 Guide Price: £5,500,000

Markham Street Chelsea SW3 Guide Price: £3,450,000

To find out how we can help you please contact us KnightFrank.co.uk/knightsbridge knightsbridge@knightfrank.com 020 3641 5929

@KnightFrank KnightFrank.co.uk

SOLD

SOLD

Kingston House North Knightsbridge, SW7 Guide Price: £1,850,000

Ovington Gardens Knightsbridge, SW3 Guide Price: £6,750,000

SOLD

SOLD

SOLD

Herbert Crescent Knightsbridge, SW1 Guide Price: £9,750,000

Rutland Gate Knightsbridge, SW7 Guide Price: £2,750,000

Lowndes Square Knightsbridge, SW1 Guide Price: £50,000,000

SOLD

SOLD

SOLD

York House Chelsea, SW3 Guide Price: £1,475,000

Rutland Court Knightsbridge, SW7 Guide Price: £10,000,000

Clabon Mews Knightsbridge, SW1 Guide Price: £5,650,000

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REVIEW LONDON PROPERTY

PUBLISHING Advertising John Wilson 07931 523107 editorial@propertyreview.org.uk EDITORIAL Editor Bob Stonebridge 01536 330314 editorial@propertyreview.org.uk

Welcome to...

Contributors Jenny Knight Duncan Farmer DESIGN & PRODUCTION Caroline Nall 01536 418181 pr@typestart.co.uk Typestart Limited 1 Rothwell Grange Court, Rothwell Road, Kettering, Northants NN16 8FB www.typestart.co.uk

January 2016

SUBSCRIPTIONS subscriptions@propertyreview.org.uk

AND THE STYLE…

HEAD OFFICE 23a St James’s Street London SW1A 1HG © Copyright London Property Review. No part of this magazine may be reproduced without the prior permission of the publishers. London Property Review cannot be responsible for unsolicited material. All prices are correct at time of going to press but are subject to change.

Distribution by DML.

REVIEW LONDON PROPERTY

EXCLUSIVE HOMES FOR SALE & RENT

Cover Photo: © Nabeel Sheikh – www.shutterstock.com

JANUARY 2016

Islington Square

New postal district

Try before you buy

Cinematic duplex Music legend’s spectacular Mayfair penthouse

C PR OU O N PA PE TR 46 GE R Y –7 S T Y 7

Historic Chelsea townhouse

Like us... facebook.com/LondonPropertyReview Follow us... @LondonPropertyR

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LONDON PROPERTY

REVIEW

THE PLACES…

THE PEOPLE…

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LONDON PROPERTY

REVIEW

Ask the expert

...Associate

Q

How do you envisage the prime Central London market will fare during the first quarter of 2016

Harriet Taylor, Associate at Knight Frank Chelsea, replies...

A

In the last quarter of 2015, we saw a dramatic increase in activity and sales agreed in Chelsea compared to the rest of the year. In fact, October saw the highest level of viewings since the same time last year.

This may be due to a number of things including the fact that many vendors have begun to set asking prices reflecting the more subdued level of demand, as well as buyers adjusting their search to include the previous stamp duty changes introduced in December 2014.

The Chancellor’s latest announcement in the Autumn Statement of an extra three per cent payable on properties purchased as second homes or as a buy-to-let means many buyers will be looking to purchase a property before April.

For this reason we are already starting to receive enquiries for people wishing to purchase a property in the New Year.

We expect a heightened level of sensitivity to pricing among buyers to continue, but properties priced correctly are the ones seeing the most activity and offers. According to data from the last six months, properties sold at an incrementally slower pace as the achieved price fell below the asking price.

Those properties that sold at a price close to the asking price received the most activity and interest which is something we predict to continue into the new year. This means that as long as properties are priced at sensible levels, we expect the first quarter of 2016 to be a busy one.

Historic Chelsea: This ÂŁ3.85m three-bedroom house in Old Church Street offers four floors of space topped by a full roof terrace. Knight Frank Chelsea 020 7349 4300.

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LONDON PROPERTY

REVIEW

Contents

NEWS AND FEATURES

MARKET VIEW Say it sweetly: buy-to-let 18 is one of the main reasons we have a housing crisis, argues Rupert Collingwood.

CHAPTER & VERSE London vs New York.

18 Top London addresses cost twice as much as their Manhattan counterparts.

Selling or letting your property is a very important decision, so let us walk you through the process.

To discuss your property requirements, please call us on 020 8022 1359

LONDON VOICE Stamp duty calls.

19 Transaction volumes will recover from the latest increase, reports Claire Reynolds.

HOME FRONT The New Year is upon us.

19 What changes are we likely to see in 2016, Jenny Knight asks agents.

LONDON EYE India invests in London.

22 New strategic partnership is a huge opportunity for capital property.

MONEY First boost. London Help to Buy 20 scheme will keep the capital property wheels turning, reports Duncan Farmer.

BEST BUYS Fixed, discount or tracker – 20 check out the facts, figures and interest rates from our current top ten mortgages.

COUNTRY PROPERTY Englishman’s 47 home is his ‘bastle’. Fortified farmhouse is a chance to become a custodian of history.

FOR SALE & TO RENT MARYLEBONE, MAYFAIR, PIMLICO, 24 BELGRAVIA, KNIGHTSBRIDGE, CHELSEA, SOUTH KENSINGTON, HIGHBURY & ISLINGTON Glad All Over.

Spectacular art-house penthouse is the former home of Swinging Sixties legend Dave Clark, entrepreneur and leader of The Dave Clark Five.

KENSINGTON, NOTTING HILL, 34 PADDINGTON, HOLLAND PARK, FULHAM, BROOK GREEN Chelsea vision.

Decked rooftop terrace looks out across the rooftops from Fulham towards Chelsea Harbour’s Belvedere Tower.

LETTINGS LOWDOWN Investing in 85 BBC Television Centre. Many homes in this landmark building are already sold, reports Ben Charsley.

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Cadogan Court, Chelsea SW3 A stunning two bedroom lateral apartment near Sloane Square An exquisite first floor apartment that has been subject to extensive refurbishment to an exacting level of finish, blending traditional and contemporary styles, in this beautiful portered period building, ideally located moments from Sloane Square. 2 bedrooms (1 en suite), bathroom, reception/dining room, kitchen, 2 balconies, lift, porter.

EPC: C. Approximately 110 sq m (1,190 sq ft).

Share of Freehold

Guide price: £3,600,000

KnightFrank.co.uk/knightsbridge knightsbridge@knightfrank.com 020 3641 5929

Winkworth.co.uk knightsbridge@winkworth.co.uk 020 7589 6616

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/POD150470

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Property Review Cadogan Court January 2016

15/12/2015 15:28

09/12/2015 10:36:37

Hasker Street, Chelsea SW3 A charming period house on the Chelsea/Knightsbridge border Enjoying a fantastic position on this quiet street, between Milner Street and Walton Street, the house has been sympathetically designed and provides bright, well balanced accommodation over four floors. 2 bedrooms (both en suite), 2 reception rooms, kitchen/breakfast room, study, utility room, cloakroom, terrace, patio. EPC: C. Approximately 137 sq m (1,478 sq ft).

Freehold

Guide price: £3,375,000

KnightFrank.co.uk/knightsbridge knightsbridge@knightfrank.com 020 3641 5929

Savills.co.uk sloanestreet@savills.com 020 7730 0822

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/SLA150216

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Property Review 13 Haskell St January 2015 new

15/12/2015 15:28

09/12/2015 14:06:02

South Eaton Place, Belgravia SW1 Stunning four bedroom Belgravia town house A newly refurbished family home situated in this sought after street. Master bedroom with en suite bathroom, 3 further bedrooms, 2 further bathroooms, drawing room, dining room, kitchen, study, utility room, garden room, WC, plant room, garden. Grade II listed. Approximately 229 sq m (2,472 sq ft) including vaults.

Leasehold: approximately 126 years remaining

Guide price: £6,295,000

KnightFrank.co.uk/belgravia belgravia@knightfrank.com 020 3641 5905

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/BGV150074

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Property Review - January 2016 - 15 South Eaton Place

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Seymour Walk, Chelsea SW10 Three bedroom house with wonderful garden in Chelsea This is a beautifully proportioned house that has a wonderful terrace and 34ft garden to the rear coming off both the main reception room and kitchen/dining areas. 3 bedrooms, 3 bathrooms, 3 reception rooms, garden. EPC: E. Approximately 177 sq m (1,900 sq ft).

Freehold

Guide price: £3,450,000

KnightFrank.co.uk/chelsea chelsea@knightfrank.com 020 3641 5902

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/CHL070265

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Property Review Chelsea Dec '15 Prue

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15/12/2015 10:45:55

A VERY IMPORTANT DECISION To find out how we can help you or to arrange your complimentary market appraisal please contact us: KnightFrank.co.uk/wimbledon

wimbledon@knightfrank.com 020 8946 0026

Guide price: £4,650,000

Dover Park Drive, Putney SW15 Double fronted house with carriage drive. Master bedroom suite, 6 further bedrooms (1 en suite), 2 family bathrooms, drawing room, dining room, kitchen/family room, breakfast room, utility, entrance hall, WC, cellar, garage, garden. EPC: F. Approximately 662.4 sq m (7,130 sq ft). wimbledon@knightfrank.com Office: 020 8946 0026

@KnightFrank KnightFrank.co.uk

Guide price: £4,250,000

Coombe Hill Road, Kingston Upon Thames KT2 Detached family house in a small private gated development. Master bedroom suite, 5 further bedrooms (4 en suite), reception, dining room, family room, kitchen/breakfast room, conservatory, study, separate guest/staff annexe, garage, garden, off street parking. EPC: C. Approximately 551.5 sq m (5,936 sq ft). wimbledon@knightfrank.com Office: 020 8946 0026

KF LPR Central OUTPUT.indd 12

London Property Review Central Jan 2016-hi-res

15/12/2015 15:29 09/12/2015 17:05:19

HELPING YOU MOVE FORWARD IN 2016 To find out how we can help you or to arrange your complimentary market appraisal please contact us: KnightFrank.co.uk/southkensington

southkensington@knightfrank.com 020 3641 6121

Guide price: £1,400,000

Collingham Road, Earl's Court SW5 Bright and recently refurbished lateral apartment in a converted period building. Located on the lower ground floor, the apartment benefits from a private west facing terrace. 2 bedrooms, reception room, 2 bathrooms, patio/terrace, lower ground floor. EPC: D. Approximately 78.6 sq m (846 sq ft). southkensington@knightfrank.com Office: 020 3641 6121

@KnightFrank KnightFrank.co.uk

Guide price: £2,200,000

Ashburn Place, South Kensington SW7 This superb raised ground floor apartment is presented in good order throughout and benefits from its own private entrance and impressive ceiling heights. 2 bedrooms, reception room, 2 bathrooms, raised ground floor. EPC: D. Approximately 100.9 sq m (1086 sq ft). southkensington@knightfrank.com Office: 020 3641 6121

KF LPR Central OUTPUT.indd 13

Property Review - January 2016

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savills.co.uk

1 IMMACULATE FAMILY HOME WITH SOUTH-FACING GARDEN

vicarage gardens, w8

3 reception rooms ø study ø dining room/kitchen ø master bedroom suite ø 4 further bedrooms ø 2 further bathrooms ø cloakroom ø terrace ø garden ø 307 sq m (3,304 sq ft) ø EPC=D

Savills Kensington Sarah Birch sbirch@savills.com

020 7535 3300 Guide £7.15 million Freehold

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savills.co.uk

1 ELEGANT GRADE II LISTED HOUSE LOCATED OFF ONSLOW GARDENS

neville street, sw7

First floor drawing room ø dining room ø kitchen ø family room with conservatory ø tv room ø master bedroom suite ø 3 further bedrooms (1 en suite shower/steam room) ø family bathroom ø decked terrace ø paved garden ø 329 sq m (3,540 sq ft)

Savills Sloane Street

Savills Knightsbridge

Charles Holbrook cholbrook@savills.com

Barbara Allen baallen@savills.com

020 7730 0822

020 7581 5234

Guide £5.845 million Freehold

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savills.co.uk

1

A BEAUTIFULLY FINISHED APARTMENT IN A CLASSIC STUCCO FRONTED PERIOD CONVERSION ennismore gardens, sw7 Reception room ø study ø kitchen ø bedroom suite ø utility room ø guest cloakroom ø patio garden ø 73 sq m (788 sq ft) ø EPC=E

Guide £1.095 million Share of Freehold

Savills Sloane Street Lucie Hirst lhirst@savills.com

020 7730 0822

2

A BRIGHT STUDIO APARTMENT WITH HIGH CEILINGS IN CHELSEA jubilee place, sw3 Studio room ø study area ø kitchen ø bedroom area ø bathroom ø 68 sq m (736 sq ft) ø EPC=G

Guide £1.1 million Leasehold

Savills Sloane Street Tom Wilson twilson@savills.com

020 7730 0822

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savills.co.uk

1 A METICULOUSLY REFURBISHED FIRST FLOOR APARTMENT

pont street, sw1x

Entrance hall ø reception room ø kitchen ø master bedroom suite ø further double bedroom suite ø guest cloakroom ø air conditioning throughout ø lift ø resident porter ø 98 sq m (1,055 sq ft) ø EPC=C

Savills Knightsbridge Katie Rumbellow krumbellow@savills.com

020 7581 5234 Guide £3.95 million Leasehold, approximately 89 years remaining

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15/12/2015 15:01

LONDON PROPERTY

REVIEW

marketview Buy-to-let is a major cause of the housing problem, argues Rupert Collingwood, CEO of The London Search Company I understand what George Osborne was trying to do when he put an additional 3 per cent stamp duty rate on buy-to-let investment properties. No matter how you try to sugar coat it, buy-to-let is one of the main reasons we have a housing crisis.

Prior to 1996, when buy-to-let mortgages were introduced, few private individuals were landlords.

If you were a landlord, you were typically subject to commercial lending rates meaning that only a fair few entered into the practice of letting property. By and large, you had either Peter Rachman at one end of the spectrum or large landowners like the Duke of Westminster at the other.

By the mid-Noughties, buy-to-let was touted as an alternative to pensions. As final salary pensions were phased out and people became responsible for saving for their own futures, property became a viable alternative. Property prices really began to take off after the introduction of buy-to-let mortgages and people could clearly see that they’d get a much better return on investment than they would in an increasingly volatile stock market.

Interest rates made cash savings equally unattractive but property not only provided capital appreciation but also delivered a tidy monthly income for most investors. You only have to read the Fame & Fortune column in one national newspaper to see that, in recent times, almost anyone with any nous has favoured property over any other investment vehicle as a path to riches.

Mortgage lenders could never have imagined what would be the eventual consequence of offering landlord mortgages to the masses. Almost one in five – a whopping 20 per cent – of private homes are now owned by landlords. Whereas once upon a time a couple would get married, sell their respective properties and move into a new home together, nowadays it is far more common for them to hold onto one or both properties and let them. Fewer properties are now coming up for sale and in May this year, the total number reached a 40-year low.

While it’s understandable that George Osborne wants to reverse this trend and make more private housing available to owner occupiers, he has failed to address the root cause of the issue. People are investing in property because pensions do not offer retirees sufficient sums for retirement. Make pensions more attractive and people will readily abandon property.

As it now stands, Osborne has only tackled the symptoms and not the disease.

London – Cresswell Place, South Kensington

New York – townhouse, East 93rd Street, Manhattan New York – typical brownstone townhouse

London – Lancaster Gate, Bayswater

London vs NYC The value of luxury homes in prime central London’s top addresses is twice as high as their equivalents in Manhattan, on a square footage basis. But since Manhattan houses tend to be larger than those in London, the average cost of family homes is higher in New York City.

There’s a significant British expat population in New York and a vibrant American expat population in London, and the last year has seen a 7 per cent rise in London-based, high-net-worth investors seeking to buy prime residential property in New York.

These are findings of new research by London’s Beauchamp Estates and New York’s Leslie J Garfield. Marking a new transatlantic alliance between the two, the joint report analyses parallels and differences between the luxury property markets in both locations, using data from both firms with statistical analysis by Dataloft.

In square footage terms, the luxury market in London is typically twice as expensive as the Manhattan equivalent. The cost of a large family home in Knightsbridge averages £2194 per sq ft compared to £1196 on Upper East Side (South) in Manhattan. Average in Belgravia is £2031 compared to £826 on Upper West Side.

City of London averages £1263 per sq ft while the equivalent in Midtown,

Manhattan’s financial district, is £735. In St John’s Wood, the figure is £1535 compared to just £659 in Gramercy, its equivalent in Manhattan. In South Kensington, the average is £2027 compared to £875 in Central Village, Manhattan.

However, due to house and apartment sizes, a large family home on Manhattan’s Upper East Side (South) averages £8.1m compared to £6.94m in Knightsbridge.

Midtown averages £3.78m compared to £1.27m in the City of London. Family homes in New York’s Central Village and Greenwich average £8.1m and £7.1m respectively, compared to £4.85m in South Kensington and £5.3m in Notting Hill.

There are notable exceptions. In London, the average price of a family home in both Belgravia (£5.9m) and Mayfair (£12.3m) is higher than Upper West Side (£4.9m) and Upper East Side North (£5.7m), the equivalent addresses in Manhattan. This reversal reflects the significant prices in Mayfair and Belgravia over the last two years, driven by new super-prime development and house projects.

In the last 12 months, typical Londonbased buyers have been looking to spend £3.29m to £3.95m on an apartment in Manhattan, preferably in new a luxury development. New York-based buyers looking for a home in London spend £4m to £4.1m.

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LONDON PROPERTY

REVIEW

homefront London – Wilton Crescent, Belgravia

New York – elegant apartment building

LondonVoice

Transaction volumes will recover from the latest stamp duty increase, reports Claire Reynolds, head of Savills Marylebone

The property market in 2015 operated through the general election and its related property politics, a continuing adjustment to the increased stamp duty levels after the 2014 Autumn Statement and, at the end of the year, we had the announcement of another increase in SDLT for those buying additional homes.

Marylebone is a particularly popular area for people buying second homes, with these purchases making up 37 per cent of our transactions last year, so we expect many people will think seriously about the difference the extra three per cent of stamp duty will mean for them.

I doubt it will stop most from buying a second home altogether, but it may cause them to revise what they spend and the market may have to factor in any additional transactional costs.

Yet despite the tricky economic climate, some areas of prime central London still achieved some excellent individual results. Marylebone alone had its pounds per-square-foot records broken for both modernised and un-modernised mews houses, and new-build properties continued to achieve a premium over their period counterparts.

New-build developments in and around Marylebone are fabulous, such as The Mansion on Marylebone Lane, a boutique scheme of 22 stunning apartments, and the two larger developments of Chiltern Place and Centre Point. The standards of these buildings have become incredibly high, with fantastic facilities provided and impressive specifications, and these apartments are consistently popular as investments and homes alike.

We had a fairly busy December with some really committed buyers, which made for a positive end to 2015.

Whilst the beginning of the year can often take a couple of weeks to really pick up, in Marylebone we were open between Christmas and New Year and so enabled those who wanted to continue their property search, or to start early, to do so.

Moving forward, we expect the market to remain fairly price sensitive over the short to medium term as it adjusts to the new SDLT rates, but I believe we will see continued interest in what prime central London has to offer, and transaction volumes will recover over the long term once the additional stamp duty is fully priced into the market.

The New Year is upon us – what changes are we likely to see, asks Jenny Knight Knight Frank has revised its expectations for growth from 2016 from 4.5 to two per cent, saying that in prime London higher transaction costs will continue to weigh on activity and price growth as the market absorbs stamp duty.

Even so, Liam Bailey, Knight Frank’s global head of research, maintains an optimistic outlook: “The strength of the UK’s economic recovery, employment growth in London and the likelihood of continued low interest rates mean price growth will remain positive in 2016.”

Jackson-Stops & Staff says that the higher value markets continue to prove difficult as a result of the 2014 stamp duty rises. “There remains a stand-off between buyers and sellers as each remains reluctant to absorb the additional costs of the transaction,” says a spokesman.

However, they reckon that London may continue to hold its value thanks to the international highnet-worth buyers, looking to invest money in a safe haven.

Sandfords also notes that the property market in central London has cooled since the reforms to stamp duty in the autumn of December 2014.

Director Andrew Ellinas says: “The stamp duty changes towards the end of 2014 have depressed the market across the board in prime central London and forecasts for this year have altered in light of this. I predict that price increases in the prime central London market in 2016 will be modest with some areas experiencing growth and others seeing prices remaining fairly static.

“We have seen many potential vendors choosing to stay put and spend the money that would have been expended as stamp duty on a purchase in refurbishing or extending their present home. This is currently particularly evident with family properties, and something we should expect to see moving into the New Year. The biggest price band that has been affected is from £1.5m to £5m. For properties below the £1.5m mark the changes are not too onerous.

For anything above £5m, purchasers have sufficient funds and are therefore not too bothered about a heavy stamp duty bill.

“Unless something significant happens that we cannot foresee, there will not be a crash, but the global economic outlook combined with tax changes in the UK and the perceived high current values will subdue demand. I do not anticipate sustainable growth returning until the third quarter of 2016.”

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LONDON PROPERTY

REVIEW

First boost

money £ tip The start of a New Year affords people the opportunity to make resolutions on health, family and so on. However, does this review extend to your finances? Mortgage repayments are most households’ biggest outgoing, so reviewing your mortgage could yield dividends.

Through 2015, we heard of how mortgage rates would rise – even “guidance” from the experts was misleading.

But by the end of the year, expectations had been lowered and we saw some very competitive product priors to the festive period. The cheapest rates were reserved for those with significant equity in their home – perhaps 30pc or 40pc - but now increased competition and improved pricing means those with higher loan-to-values also benefit.

If you are on SVR or coming to the end of your current offer, then it is worth reviewing your mortgage. Always work out the total cost of the deal – rate plus fees – when comparing products, rather than going purely by rate. It will differ according to the size of your loan, so checking the total cost ensures you don’t pay over the odds in the long run.

So why not spend time shopping around or use a mortgage broker, so see if you are eligible for a better deal that could save you money.

Mark Harris, SPF Private Clients

London Help to Buy scheme will keep the wheels turning, reports Duncan Farmer News in the chancellor’s Autumn Statement that he was going to slap a three per cent stamp duty levy on buy-to-let property came on the same day that The Times ran a front-page headline suggesting interest rates were going to rise through the back door in an attempt to avert a boom and bust, particularly in the buy-to-let sector.

Mark Carney, governor of the Bank of England, had told MPs that a plan to make it more expensive for banks to offer certain types of loans was being considered. “Mr Carney admitted that the move would lead to higher interest rates because the costs would be passed on to borrowers,” said The Times.

Perhaps the opposite might now happen. If buy-to-let lenders are facing an additional tax of as much as £7,500, lenders anxious to attract new customers may, in fact, offer them better rates than they have been.

Whether the chancellor’s move, which is likely to start a stampede of investors looking to buy before the new duty is imposed, will eventually dampen the market is also unlikely. Landlords with a long-term view may well calculate that three per cent now on top of their other costs will be immaterial over the long lifetime of their investment.

Of far better news for buyers in London was the chancellor’s announcement of a specific Help to Buy scheme in the capital, which will offer first-time buyers who can scrape together a five per cent deposit, an interest-free loan for 40 per cent of the price of their new home.

This will not only make it far easier – and give them greater incentive – to save the £16,500, for example, needed as a deposit on the average first home in the borough of Lambeth, according to figures from Savills.

The interest-free chunk of the purchase price will reduce their monthly outgoings compared with borrowing the entire amount, thus making home ownership more affordable and a mortgage easier – in these difficult times – to obtain.

With first-time buyers now able to compete on a more level playing field with investors, the mortgage market may become more competitive and costs of borrowing therefore lower.

In any event, it is good news. Although London’s property market has relied heavily at the upper end on wealthy overseas buyers, like all markets it needs people at the bottom to keep its wheels turning.

Current Best Buy Mortgages

Fixed Rate – 2 years

Source: John Charcol LENDER

INITIAL RATE

UNTIL

GO TO RATE

APR

MAX ADV

LENDER LENDER FEE EXIT FEE

HLC

EARLY REPAYMENT CHARGE (ERC)

£999

£200

NOTES

West Bromwich

1.19%

28/2/18

3.99%

3.8% APR

65%

No

3% to 28/2/18 + interest to end of month. Can repay up to 10% p.a. ERC free.

Principality

1.55%

31/12/17

4.99%

4.7% APR

75%

No

3% to 31/12/17.

£1,094

£155

Principality

1.60%

31/12/17

4.99%

4.7% APR

80%

No

3% to 31/12/17.

£1,094

£155

Accord

1.84%

28/2/18

5.79%

5.5% APR

85%

No

2/1% to 28/2/18. Can repay up to 10% p.a. ERC free.

£975

£90

Platform

2.24%

31/1/18

4.74%

4.6% APR

90%

No

2/1% to 31/1/18. Can repay up to £1,000 p.m. ERC free

£1,589

£106

Purchase only. Free valuation and £250 cashback.

Hinckley & Rugby

3.95%

2 years

3.99%*

5.4% APR

95%

No

Nil

£199

£150

*1.65% disc for 3 yrs. On remortgages free valuation and free legal fees.

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LONDON PROPERTY

REVIEW Speeding up applications Nationwide building society is planning to cut the amount of time it takes ‘intelligent’ applicants to go through the mortgage application, which was made far more tortuous under the Mortgage Market Review.

Graham Beale, the society’s chief executive, said: “We are trying to find a way to make sure we go through all of the affordability assessments we need to do, but in a way that is respectful of the understanding of the borrower. It is a combination of the way we have deployed the regulation, and maybe a refinement in the regulator’s thinking as well.”

He also believes that building societies should not have to pay the eight per cent corporation tax surcharge imposed on banks by the chancellor in the summer. Nationwide and other building societies have objected that they are not banks and did not cause the financial crisis, and so should not have to pay for a tax regime initially designed to show banks were repaying their debt to society and the government.

Mr Beale says building societies kept on lending when many banks were unable to in the wake of the financial crisis.

3.85

Average income multiple borrowed by first-time buyers in the UK as a whole

Income multiple of the average first mortgage in London in the third quarter

£3.4bn 19.2%

Amount lent to 12,800 first-time buyers in London in the third quarter of 2015, up 24 per cent on the second quarter

Homeowners continue to take advantage of historically low mortgage rates to remortgage.

According to figures from the Council of Mortgage Lenders, 70,000 loans were granted in October, of which 41,000 were for remortgaging.

Net lending rose by £3.6 billion in the same month – the highest level since 2008 – and was about a fifth higher than a year before, suggesting that the pace of the market has picked up.

According to the Land Registry, house sales also rose in September, and the number of people paying exclusively in cash fell in favour of mortgages.

Rising star

numbercrunching

3.44

Loans grow

Amount of net income firsttime buyers spend on mortgage repayments

David Humphrey, a mortgage adviser at TSB, has won the Council of Mortgage Lenders’ Rising Stars award with a plan for a building bond, which would allow developers to use savers’ cash to build homes and pay far more than the low rates currently offered by building society deposit accounts, because they would be linked to house prices and underwritten by local and central government.

Dan Whittaker, a risk manager at Nationwide, proposed a rent to buy development scheme, under which tenants on new housing developments would be given a 100 per cent mortgage to buy their home after a period of renting it, and proving that they could afford the rent.

Last year’s winning plan has since become a reality, so there is a chance that Mr Humphrey’s proposal could soon do the same.

Fixed Rate – 5 years / Variable, including tracker and discount Product Exit Fee Fee

Lender

Rate

Until

Rev. Rate

APR

Max. LTV

HLC

ERC

Tesco Bank

2.19%

31/1/21

4.24%

3.7% APR

60%

No

5/4/3/3/2% to 31/1/21. Can repay up to 20% p.a. ERC free.

£995

£90

On remortgages free valuation and free legal fees

Notes

Coventry

2.44%

31/12/20

4.49%

4.0% APR

65%

No

5/3/3/1/1% to 31/12/20. Can repay unlimited amounts ERC free into offset savings account.

£999

£125

OFFSET mortgage. Free valuation. On remortgages free legal fees.

OFFSET Mortgage

Leeds

2.54%

31/1/21

5.69%

4.9% APR

75%

No

5/5/4/3/2% to 31/1/21. Can repay unlimited amounts ERC free into offset savings account.

£999

£199

Leeds

2.64%

31/1/21

5.69%

5.0% APR

80%

No

5/5/4/3/2% to 31/1/21. Can repay unlimited amounts ERC free into offset savings account.

£999

£199

OFFSET Mortgage

Hinckley & Rugby

2.79%

5 years

5.64%

5.2% APR

85%

No

5/4/3/2/1% in 5 years. Can repay up to 10% p.a. ERC free

£999

£150

Free valuation. On remortgages free legal fees.

Hinckley & Rugby

3.29%

5 years

5.64%

5.3% APR

90%

No

5/4/3/2/1% in 5 years. Can repay up to 10% p.a. ERC free

£999

£150

Free valuation. On remortgages free legal fees.

Tesco Bank

4.49%

31/1/21

4.24%

4.5% APR

95%

No

5/4/3/3/2% to 31/1/21. Can repay up to 20% p.a. ERC free.

£495

£90

On remortgages free valuation and free legal fees

Marsden

1.39% (4.56% disc)

31/1/18

5.95%

5.7% APR

80%

No

3/2% to 31/1/18. Can repay up to 5% p.a. ERC free

£798

£50

Free valuation. On remortgages free legal fees (both on properties to £500K)

Marsden

1.69% (4.26% disc)

30/11/17

5.95%

5.7% APR

85%

No

3/2% to 30/11/17. Can repay up to 5% p.a. ERC free

£199

£50

Free valuation. On remortgages free legal fees (both on properties to £500K)

Marsden

2.09% (3.86% disc)

31/1/18

5.95%

5.8% APR

90%

No

3/2% to 31/1/18. Can repay up to 5% p.a. ERC free

£998

£50

Free valuation. On remortgages free legal fees (both on properties to £500K)

3.29% Hinckley & Rugby (2.35% disc)

2 years

3.99%*

5.1% APR

95%

No

Nil

£199

£150

On remortgages free valuation and free legal; fees. *1.65% discount for 3 years

21

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15/12/2015 16:19

LONDON PROPERTY

REVIEW

Lond n eye Keeping you informed on latest property news and views

India invests in London The strategic partnership established between the UK and India will provide significant growth opportunities for the London property market, reports Rescorp Residential.

Following the recent UK visit of India’s Prime Minister Narendra Modi, more than £9 billion in commercial deals has been agreed between India and the UK, with 1900 jobs created, which will further encourage property investment from Indian buyers looking to set up their businesses in UK. Vic Chhabria, director of Rescorp Residential, said: “I strongly believe that the property market will benefit hugely from this historic partnership between the two countries, which is set to act as a catalyst for multi-million-pound investments into prime central London.

Indians are set to become one the most important buyers from the emerging countries in the near future and this positive collaboration will mark the beginning of an exciting new chapter for both countries.”

London features at the top of the list of Indians hoping to buy property abroad, says Rescorp. The capital has retained its position as the most attractive economic powerhouse in Europe and is a global financial hub for investors worldwide. Indian buyers typically hold strong emotional, cultural and personal ties with the UK, whether they were educated here, have family in the country or fall into the ‘staycation resident’ category and visit London two or three times a year.

In the last five years, India-based and Indian diaspora buyers have become a leading force in the London residential property market, reports Rescorp. Over 70 per cent of the firm’s sales are to international buyers, with Indian purchasers consisting of the largest (50 per cent) overseas client group.

Industry figures calculate that in 2014 Indian buyers spent an estimated £1bn on London residential property, up from £450m in 2013 and £290m in 2010. For homes priced above £5m Indian purchasers are now the second largest overseas buyer group.

Craig is set to grow super prime market Negotiator Craig Draper has joined Knight Frank Marylebone to help continue to grow the super prime market. He will work alongside office head Christian Lock-Necrews.

Craig brings with him a wealth of property experience and worked in the commercial property sector for four years before joining North London agent Greene & Co. Christian Lock-Necrews said: “Craig has a fantastic reputation and brings with him enormous energy. As the area continues to excel with best-inclass, super prime properties, it’s a very exciting time to be joining the Knight Frank Marylebone office.”

Among the super prime developments currently for sale through the office is The W1 London (pictured), Royalton’s luxury scheme of 19 apartments and five townhouses at 35 Marylebone High Street.

Completion is due in the second quarter of 2017.

Change in buying strategies Transaction volumes will rise in the first half of 2016 as buyer and vendor expectations continue to align, according to the latest forecasts from The Buying Solution.

Investors are also trying different strategies, says the buying agency. “The change in the buying habits of investors has been notable as they seek a number of smaller investments rather than one large one,” says partner Rachel Thompson.

“The family house market has also been hit hard by the SDLT changes. People who would have traded up or down around the £5m to £10m level simply find the cost of moving prohibitively expensive, so instead decide to improve what they have and, where possible, extend.”

London remains a global city and many nationalities are waiting to invest, although the Russians are likely to remain absentees in 2016. “There is a lot of money coming from the Middle East, China remains wedded to the new build market, we have seen a return of the domestic buyer although these tend to me be more in prime outer London than prime central London,” says Rachel.

22

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15/12/2015 15:46

LONDON PROPERTY

REVIEW

COMMENTARY

Price growth will remain positive in the New Year, reports Harvey Cyzer, head of Knight Frank Mayfair and St James’s

Luxury at The Muppets penthouse Former home of Kermit the Frog and Miss Piggy, a luxury duplex penthouse is on the market for the first time in the Henson Building, previously US puppeteer Jim Henson’s Creature Shop.

The £6.5m apartment is the most prestigious property in the building once inhabited by The Muppets and creatures from Babe and the first Harry Potter movie. It also helped George Lucas create Yoda for Star Wars. The Victorian warehouse in Camden Town was transformed into luxury apartments in 1995. Contact Red Property Partnership on 020 7485 1332.

FRIENDS FUNDS Around £3600 was raised at the Christmas fair by the Friends of St Mary’s Hospital (Paddington), taking the hospital to its final target of £14,700 for the 2015 special project, an SVOP visual field analyser.

Pictured at the fundraiser, which was sponsored by Knight Frank Hyde Park, are (from left): Dr Rodney Rivers, president of the Friends of St Mary’s; Lady Jane Fellowes, patron; Jan Prendergast of Westminster City Council; Maureen Lipman, actress and writer; negotiators James Robotham and John White; and Steve Atack, Friends of St Mary’s.

Two cities Inner London boroughs are granting planning permission for more new homes than the all the surrounding Outer London boroughs put together, according to the latest London New Homes Monitor from Stirling Ackroyd.

In absolute terms, London’s 13 Inner London boroughs approved a total of 11,970 new homes throughout the first six months of 2015. By contrast, all 20 Outer London boroughs allowed just 7,960 new homes in the same period.

This means Inner London is granting permission for 50 per cent more homes in absolute terms than the whole of Outer London.

Andrew Bridges, managing director of Stirling Ackroyd, said: “London is becoming a tale of two cities. This is the best of times for those with a foot on the ladder and a share in prosperity.

But we’re facing the worst of times for London’s aspiring first-time buyers.”

Prime central London property faced a number of headwinds in 2015. Despite the fact a year has passed since the Chancellor raised stamp duty for properties worth more than £1.1m, the consequences have only come into sharper focus in recent months.

The 2015 spring selling season was overshadowed by the general election and, after a seasonal lull in the summer, the autumn market was the first reliable test of sentiment since the stamp duty increase. Autumn is typically a more active time of year but the final months of 2015 were marked by a standoff between buyers and sellers.

Despite the apprehension around global economic events such as the China slowdown, and the fact some markets have experienced strong price growth in recent years, the standoff primarily comes down to the arithmetic of higher stamp duty rates. Buyers calculate it will take them longer to recover the extra stamp duty expense in house price inflation and expect a lower asking price, something vendors are not always willing to concede.

The number of exchanges in the three months to September 2015 was 18 per cent lower than the same period last year. Meanwhile, the number of new prospective buyers was 30 per cent down on the same period in 2014. As a result of this markedly higher price-sensitivity, Knight Frank has revised down its 2016 forecast for prime central London price growth from 4.5 to 2 per cent.

Despite the stand-off, there are signs some vendors have realised demand has cooked the stamp duty increase and where asking prices have come down the market is operating in a normal manner and tapping into underlying demand that remains resilient.

These market factors, combined with the mayoral election in May, will continue to weigh on demand during 2016. However, the strength of the UK’s economic recovery, continued supply constraints and the diminishing likelihood of a near-term rate rise mean price growth will remain positive this year.

23

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MARYLEBONE MAYFAIR PIMLICO BELGRAVIA KNIGHTSBRIDGE CHELSEA SOUTH KENSINGTON

25 DT Knightsbridge.indd 24

26

29 15/12/2015 15:58

LONDON PROPERTY

REVIEW

Amazon penthouse A four-bedroom duplex penthouse in Mayfair is one of only five apartments in a new luxury development by Bayswater-based Amazon Property.

The five apartments are set in a former office building on Maddox Street, close to Regent Street. Amazon sold the Virgin Money unit on the ground floor to an investor before gradually gaining vacant possession and planning consent to convert the upper floors.

Set on the fourth and fifth floors, the duplex for sale has a private lift serving both floors, comfort cooling in the living rooms and bedrooms, and underfloor heating, cast iron radiators and trench heating throughout.

The individually designed, handmade kitchen features Calacatta Michelangelo marble and granite

worktops and panels, as well as high-gloss-lacquered oak, soft-close cupboards and drawer fronts.

Bathrooms have Catalano white sanitary ware, Vola polished chrome basins, showers, bath mixers and accessories. The property also features Lutron Homeworks lighting and audio-visual control, and CCTV security to external and common parts.

The lower level has three terraces and a wide balcony, and the upper level has a second balcony off the master bedroom suite. Total living space is more than 2140 sq ft.

The Maddox Collection, 8 Maddox Street, Mayfair W1, £5.95m, Knight Frank Mayfair 020 3813 5959

Update maximises light and space Bi-folding floor-to-ceiling glass doors in the huge contemporary kitchen, dining and family space open out into the west-facing rear garden at a totally renovated townhouse in Chelsea.

The lower ground floor kitchen offers extensive Siemens appliances and excellent storage space.

The raised ground floor above has been designed to maximise light and space and contains a formal reception room and private office.

Updated and meticulously refurbished by the current owners, the 2863 sq ft house in Beaufort Street has five bedrooms including a generous master suite. There’s a Sonos system in the main living areas and master bedroom, and Lutron lighting throughout.

Beaufort Street, Chelsea SW3, guide price £5.75, Knight Frank Chelsea 020 7349 4300

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LONDON PROPERTY

REVIEW

Cinematic duplex of a music legend Spanning the top two floors of the Grade II listed Curzon art-house cinema building in Mayfair, this magnificent duplex penthouse is the former home of megastar drummer, record producer and entrepreneur Dave Clark – originally of The Dave Clark Five fame.

Cinema offices on the upper floors were converted into five luxury apartments in 1967. Clark (pictured in the penthouse) bought the two flats on the sixth and seventh floors and converted them into one spectacular duplex, complete with furniture and blinds from Liberty, a cinema-screen-size TV specially imported from America, automatic blinds and noiseactivated lights.

From the late 1960s to the 1990s, the penthouse was the venue for numerous rock music, celebrity and social gatherings. Clark was famous for his Sunday brunch parties for guests including his Dave Clark Five bandmates, Cathy McGowan, Leo Sayer, Dionne Warwick and Freddie Mercury.

Clark and Mercury had been friends since 1976, when Clark hosted a glittering party in the penthouse after a Queen concert in neighbouring Hyde Park.

During the 1960s and 1970s, Clark kept his Rolls Royce and E-type Jaguar in the building’s garage.

In 1964 the original 1930s cinema was demolished and replaced with the current building by architect Francis Lorne featuring modernist and art deco interiors by William Mitchell. The Curzon has hosted numerous red carpet premiers and events involving celebs ranging from Justin Timberlake, Amanda Seyfried and Matthew McConnaughey to Sandra Bullock, Julianne Moore and Cameron Diaz.

The current owners have given the Dave Clark penthouse a makeover by designer Debbie Hatchwell of Xanadu Interiors. Floor-to-ceiling windows deliver fantastic rooftop views over Mayfair and London’s West End. Total space is 3469 sq ft with 1316 sq ft of wraparound terraces.

Releasing smash hits such as Glad All Over, Bits And Pieces, Everybody Knows and Catch Us If You Can, The Dave Clark Five rivalled The Beatles in the 1960s and were at the forefront of the British invasion of the US charts.

37 Curzon Street, Mayfair W1, £15.5m, Wetherell 020 7529 5566, Knight Frank 020 7499 1012

“This is Mayfair’s finest penthouse available to purchase, and sits on the top two floors of the most illustrious art-house cinema in Britain.

Peter Wetherell, chief executive, Wetherell

27

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16/12/2015 08:31

LONDON PROPERTY

REVIEW

Penthouse skyline The spectacular skyline view from a fabulous riverside penthouse apartment at Caro Point stretches from Big Ben and the London Eye past the Palace of Westminster to the Walkie Talkie and The Shard.

Designed to maximise the views of the Thames and the City, the fourbedroom home is arranged on three floors of the Grosvenor Waterside development on the north bank of Chelsea Bridge.

The apartment features a vast open plan reception area, kitchen and dining room, together with another reception on the second level that opens out onto a large terrace. A private roof terrace on the top floor delivers more panoramic

views across the capital.

All four bedrooms are en suite, and you might want to consider making an offer for an adjoining one-bedroom apartment with self-contained living space – available by separate negotiation.

The development offers a 24-hour security and concierge service, as well as luxury fitness facilities for residents and a secure, underground car park.

This apartment comes with four parking spaces.

Caro Point, Gatliff Road, Chelsea SW1, guide price £10.95m, Savills Waterfront, 020 8877 4823

Belgravia balcony Currently for sale as a rental investment, a penthouse apartment in exclusive Eaton Place offers living and entertaining space on the third and fourth floors and includes a private balcony.

On the third, the reception room of the 2013 sq ft Belgravia property has an ornamental fireplace. The contemporary kitchen includes a breakfast bar and fully integrated appliances, and the dining room connects to the reception.

At fourth floor level, the master bedroom has an en suite bathroom, walk-in wardrobe and floor-to-ceiling French windows to the wide balcony. The second double bedroom is also en suite.

Eaton Place, Belgravia SW1, £6.25m, Foxtons Sloane Square 020 7591 9000

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LONDON PROPERTY

REVIEW

Islington Square aims to deliver Islington Square will see the former North London Royal Mail sorting and delivery centre transformed into a new neighbourhood combining restored Edwardian buildings with new-build elements.

Developed by Sager Group in association with Cain Hoy, the scheme will provide 263 homes, serviced apartments, new retail outlets, restaurants and leisure facilities – all centred on a new public boulevard.

The Royal Mail has now moved into a new stateof-the-art home on Eagle Wharf Road, near Regent’s Canal. With vacant possession last September, a new chapter for the Islington Square site has begun.

Planning permission was granted in 2007 and 2012.

Islington Square promises to offer design-led living spaces, from high ceilings and loft-style living in the former sorting office to striking floor plans in the new-build apartments. One, two and three-bedroom homes will be available along with penthouses and maisonettes.

Giris Rabinovitch, CEO of Sager Group, said: “From Upper Street there will be two arcades leading to the public square, one of which will run through the central arches in the former general post office counter building on Upper Street, and the other next to The Mitre (the former pub).”

The development was unveiled to the public in December at a special preview evening before a free three-day Festival of Culture.

Islington Square, Esther Anne Place, Islington N1, from £715,000, Savills 020 7409 8756, Knight Frank 020 7861 5499, Beauchamp Estates 020 7499 7722

“Walking through the retail arcades and into the public square, visitors and residents will be met by the imposing Edwardian facades” Giris Rabinovitch, Sager Group CEO

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jackson-stops.co.uk

Westmoreland Terrace SW1V A five storey house with ‘Pimlico Grid’ views and optional self-contained garden apartment, located 0.5 miles from Victoria station.

Reception room kitchen dining room master bedroom suite 3 further bedrooms bathroom study roof terrace storage vault self-contained one bedroom apartment with patio EPC rating D (main house) EPC rating E (apartment)

Price on Application (Freehold)

Pimlico 020 7828 4050

pimlico@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Pimlico FP.indd 1

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jackson-stops.co.uk

Embassy Works, Vauxhall SW8 SHOW APARTMENT LAUNCH – COMING SOON! A collection of 37 studio, one, and two, bedroom loft apartments. This luxurious warehouse conversion exhibits exposed brickwork and period features showcasing its heritage, and the very best in contemporary interior design.

EPC rating TBC. Contact us for further details.

Prices from £535,000–£1,100,000

New Homes 020 7664 6649

newhomes@jackson-stops.com Offices in London & across the country

Jackson Stops Res Dev FP.indd 1

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15/12/2015 14:29

jackson-stops.co.uk

Eaton Place, SW1X A second floor one bedroom flat with direct lift access, located 0.3 miles from Victoria station.

Reception room kitchen double bedroom bathroom EPC rating C

ÂŁ1,750,000 (Share of Freehold)

FF62803

Chelsea 020 7581 5881

chelsea@jackson-stops.co.uk Offices in London & across the country

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jackson-stops.co.uk

Princes Gate SW7 A first floor flat requiring refurbishment, located less than 500 ft from Imperial College London.

Reception room kitchen 3 bedrooms 2 bathrooms (1 en suite) lift caretaker EPC rating C

ÂŁ1,595,000 (Leasehold)

FF61746

Chelsea 020 7581 5881

chelsea@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Chelsea FPx2.indd 2

33

15/12/2015 14:31

KENSINGTON NOTTING HILL PADDINGTON HOLLAND PARK FULHAM BROOK GREEN SHEPHERDS BUSH

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36 15/12/2015 16:06

LONDON PROPERTY

REVIEW

Frameless transition Extended and refurbished three years ago, a four-bedroom house in Walham Grove features a contemporary glazed extension designed by Fulham-based architects Icon.

Structural glazing achieves a frameless transition into the landscaped rear garden. The open plan kitchen and dining room has glass sliding doors running the width of the house and opening out into the 44ft garden, which is fully lit for night-time entertaining. The garden has a built-in water feature, and both front and rear gardens have integrated water systems.

The designer Poggenpohl kitchen features Miele appliances, Quooker instant hot water system, wine cooler and many more mod cons. The wide, L-shaped reception room has elaborate cornicing, high ceilings and an ornamental fireplace, as well as an American walnut feature staircase.

On the lower ground floor, a fourth bedroom with en suite shower room would work well for the nanny or as a home office. The Harwood Arms, said to be London’s only Michelinstarred pub, is on the corner of Walham Grove and Farm Lane. Try their handmade Scotch eggs and game.

Walham Grove, Fulham SW6, £2.25m, Winkworth 020 7731 3388

Maisonette has plans to extend A three-bedroom upper maisonette in Brook Green is arranged on two floors and comes with planning permission to extend the kitchen and convert the loft into an en suite bedroom.

Close to Holland Park and Shepherds Bush, the home in Woodstock Grove features a double reception with floor-to-ceiling windows and parquet flooring. A halflanding leads to a roof terrace.

Woodstock Grove, Brook Green W12, guide price £925,000, Savills Brook Green & Shepherds Bush 020 3618 3777

www.finlaybrewer.co.uk

F I N L AY BREWER

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LONDON PROPERTY

REVIEW

Looking out for Chelsea from Fulham rooftop You can see Chelsea Harbour’s 18-storey Belvedere Tower on the horizon from the fourth-floor decked terrace of this four-bedroom contemporary house in Fulham.

A bi-folding wall of floor-to-ceiling glass in the top floor reception room extends the living space out into the open air and onto the full-width terrace, where you can sip your morning tea or evening margarita as you enjoy bluesky views across the rooftops of SW6.

At the other end of the room, more bi-folding glass doors open out onto a south-facing terrace at the front of the house. Three floors below, the reception and dining space stretches across the entire first floor and has two sets of French windows leading to another front terrace.

Remodelled and updated by the current owners, the house in Moore Park Road offers more than 2800 sq ft of inside living space on five floors, plus another 420 sq ft of space on its three outdoor terraces.

There’s a driveway with off-street parking and an integral garage at the front of the house, and an entrance hall leads to ground floor space featuring an open plan fitted kitchen and reception room with bi-folding doors to the rear patio garden.

The master bedroom suite on the second floor has a superb walk-through dressing room, and this level also has a study or fourth bedroom. The third floor contains two bedrooms and two bathrooms (one en suite).

Moore Park Road is midway between the New King’s Road and Fulham Road. It’s an easy walk to Fulham Broadway’s shops, restaurants and tube station, or to Stamford Bridge stadium, home of Chelsea FC. Moore Park Road, Fulham SW6, guide price £3.3m, Savills Fulham 020 7731 9400

“This bright and contemporary home, with off-street parking, has been reconfigured and refurbished by the current owners” Rosalind Bainbridge, Savills Fulham

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BROOK GREEN 138 SHEPHERDS BUSH ROAD W6 7PB SHEPHERDS BUSH 113 ASKEW ROAD W12 9AS ACTON 27 CHURCHFIELD ROAD W3 6BD

www.finlaybrewer.co.uk

MELROSE GARDENS W6 PRICE ON APPLICATION FREEHOLD • • • • •

BROOK GREEN 020 7371 4171

• • • • •

5/6 DOUBLE BEDROOMS DOUBLE RECEPTION KITCHEN/BREAKFAST ROOM MEDIA/PLAYROOM/BEDROOM 6 STUDY

2 BATHROOMS (1 EN SUITE) 2 SHOWER ROOMS UTILITY 30’ WALLED GARDEN EPC RATING E 53

CAITHNESS ROAD W14 GUIDE £2.4M FREEHOLD • • • • •

• • • • •

5 DOUBLE BEDROOMS RECEPTION/MEDIA/PLAY ROOM DINING ROOM KITCHEN 3 BATHROOMS (1 EN SUITE)

LOCAL

BROOK GREEN 020 7371 4171

.

EN SUITE SHOWER ROOM UTILITY UNDER EAVES STORAGE WALLED GARDEN EPC RATING E 50

INDEPENDENT

.

I N V O LV E D

38

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FAROE ROAD W14 PRICE ON APPLICATION FREEHOLD • • • •

4 DOUBLE BEDROOMS RECEPTION KITCHEN/BREAKFAST/FAMILY ROOM 2 BATHROOMS

BROOK GREEN 020 7371 4171

• • • •

SHOWER ROOM STUDY AREA WEST FACING GARDEN EPC RATING D 66

TABOR ROAD W6 GUIDE £1.7M FREEHOLD • • • • •

• • • •

4 DOUBLE BEDROOMS DOUBLE RECEPTION OPEN PLAN KITCHEN/DINING ROOM RECEPTION/PLAYROOM BATHROOM

LOCAL

BROOK GREEN 020 7371 4171

.

EN SUITE SHOWER ROOM UNDER EAVES STORAGE GARDEN EPC RATING D 65

INDEPENDENT

.

I N V O LV E D 39

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jackson-stops.co.uk

Thames Reach W6 A two double bedroom apartment located in this riverside development designed by Richard Rogers, located 0.8 miles from Hammersmith underground station.

Open plan reception room/kitchen 2 double bedrooms 2 bathrooms porter lift underground parking EPC rating D

ÂŁ1,395,000 (Share of Freehold)

FF63610

Holland Park 020 7727 5111

holland.park@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Holland Park FPx2.indd 1

15/12/2015 14:31

jackson-stops.co.uk

Chiswick Green Studios W4 An apartment arranged over two floors, situated in a private gated development just 0.2 miles from Chiswick Park station.

Open plan kitchen/reception room with 14ft high ceilings dining room/study 2 double bedrooms 2 bathrooms sauna gym parking porter storage EPC rating D

ÂŁ1,695,000 (Leasehold)

FF62953

Holland Park 020 7727 5111

holland.park@jackson-stops.co.uk Offices in London & across the country

Jackson Stops Holland Park FPx2.indd 2

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15/12/2015 14:32

LONDON PROPERTY

REVIEW

Could it be magic?

Close to Wandsworth Common, Lyford Road is one of the most sought-after addresses in Wandsworth, with its houses well set back from the road. Take That’s Mark Owen and his wife lived at a semi-detached house on the road a few years ago.

Everything changes and another semi-detached house on Lyford Road, owned by the same family for more than 25 years, is now on the market. Built around 1908, this extended six-bedroom property features a hugely impressive family kitchen and dining room with two rows of skylights and folding glass doors out into the 70ft south-west-facing rear garden.

The entrance hall features original parquet flooring and a beautiful galleried staircase. Off this, a charming double reception room has fabulous Dinesen Douglas

Fir super-sized wooden floorboards, providing a warm and natural feeling throughout. A double reception room, with leafy views to the front and rear, leads directly to the family room.

Space on the lower ground floor has been arranged to provide an office or bedroom with its own storeroom, but could easily be adapted to create a different layout.

There are two large bedrooms and two bathrooms (one en suite) on the first floor and three more bedrooms (one currently used as a study) and an additional bathroom on the top floor. It’s a wonderfully extended house that could relight anyone’s fire.

Lyford Road, Wandsworth SW18, guide price £3,275,000, Savills Wandsworth, 020 8877 1222

“This elegant and beautifully extended semi-detached family house has been with the current family for over 25 years” Emma Seaton, Savills Wandsworth

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LONDON PROPERTY

REVIEW

Green by the Common Close to the lush fairways of Royal Wimbledon Golf Club and the green open hectares of Wimbledon Common, this six-bedroom house has greenery of its own with a superb lawned rear garden almost 50ft long.

The detached property in Cottenham Park Road, West Wimbledon, features a grand central entrance hall leading to the ground floor living and entertaining space.

An impressive reception room has an ornamental fireplace, and the stylish kitchen and dining area with integrated top-of-the-range appliances offer generous space with bi-folding doors into the garden and large decked terrace.

Two of the bedrooms have en suite bathrooms,

including the master bedroom on the first floor, which also contains a contemporary family bathroom with underfloor heating. Total internal floor area is more than 3050 sq ft.

Complete with secure gated off-street parking, the house stands in a quiet location within easy reach of the shops, bars and restaurants of Wimbledon Village.

Nearest stations are Raynes Park, New Malden and Wimbledon Chase. Wimbledon Common Golf Club is also nearby.

Cottenham Park Road, West Wimbledon SW20, £2.25m, Foxtons Wimbledon 020 8605 2900

“This impeccably designed, six-bedroom house offers gorgeous living and entertaining space with a wonderful private garden” Oliver Rodbourne, Foxtons Wimbledon

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COUNTRY PROPERTY

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Dating back to Tudor times, and in continuous occupation for more than 500 years, Grade II* listed Clarghyll Hall is an exceptional example of a ‘bastle’ fortified farmhouse.

The original building was altered by the Whitfield family in the 17th century, and inscriptions on two of the windows read ‘March 1678’ and ‘NW July x 1679’. The striking top floors and altered roof line were also the work of the Whitfields, who remained at Clarghyll Hall until the late 18th century.

In the mid-19th century, the property was acquired by the Rev Octavius James, who remodelled the house and added the imposing Great Hall.

Now the magnificent principal residence is for sale together with the former estate manager’s house, a mid-18th century property that has planning consent to restore and rebuild as a more conventional four-bedroom house with outstanding views. Work has already begun with the approval of Historic England.

Standing in around 8.75 acres of grounds, the property provides an excellent opportunity for a future owner to become a custodian of part of England’s built heritage, high up overlooking the fells in beautiful Cumbrian countryside designated an Area of Outstanding Natural Beauty.

Bastle houses and their thick stone walls were built on the Anglo-Scottish borders as protection against 16th century raiders, and the living quarters were only accessible at first floor level. The name is thought to derive from the French word ‘bastille’.

London 282 miles.

C OUN TRY P ROPERT Y

Living history at bastle farmhouse

Clarghyll Hall, Alston, Cumbria, guide price £1.5m, Jackson-Stops & Staff’s York 01904 625033

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LONDON PROPERTY

REVIEW

Estuary terraces COTSWOLDS

Now totally updated, Windmill Cottages in the Cotswolds is a detached property mostly around 200 years old with 20th century extensions at either end.

Built of natural stone, the three-bedroom house six miles from Tetbury features a superb triple-aspect lounge with views down the valley towards Kingscote Wood. It includes a detached garage with a playroom above.

London 107 miles.

Windmill Cottages, Kingscote, Tetbury, Gloucestershire, offers above £550,000, Perry Bishop Tetbury 01666 504418

Every room on the ground floor has access to the large sun terrace that delivers spectacular views of the Yealm estuary from Binnacle House on the waterside in the Devon village of Newton Ferrers.

Steps lead to an upper terrace that serves all four bedrooms, and more steps take you down to the foreshore and a private jetty giving full access to the water, together with outside water taps, lighting to all areas, and dinghy storage.

The sitting room is dramatically located immediately above the estuary and its large south-facing bay window faces the water and offers superb estuary views. East-facing French windows open out onto the sun terrace.

A curved staircase leads to the dining room featuring an impressive De Gournay wall furnishing, dentilled

cornice ceiling, and double doors into the sitting room. With all the latest integrated appliances, the contemporary kitchen and breakfast room includes granite work surfaces, a central island and a square bay with fully opening French windows to the sun terrace and estuary views.

The Dolphin pub is extremely handy and the village includes a yacht club. Plymouth is to the north and Kingsbridge to the east.

London 213 miles.

Binnacle House, Riverside Road West, Newton Ferrers, Devon, guide price £1.75m, Marchand Petit 01752 873311

Top House outlook Standing in an elevated position on the edge of the Somerset hamlet of Hemington, Top House has spectacular far-reaching views of the surrounding open countryside towards Westbury White Horse, Cley Hill at Longleat, Alfred’s Tower and Stourhead.

The high-spec, two-bedroom property has double-glazed windows throughout, a double detached garage and workshop, and landscaped gardens of around half an acre.

Hemington is close to the village of Norton St Philip, site of a famous battle in the Monmouth Rebellion of 1685, as well as the George Inn, used as the Duke of Monmouth’s headquarters and said to be Britain’s oldest tavern.

London 118 miles.

Top House, Chickwell Lane, Hemington, Somerset, £750,000, Cobb Farr 01225 333332

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Lamerton Manor is a Grade II listed, late Georgian country house in the hamlet of Idless, two miles north of Cornwall’s capital, the cathedral city of Truro.

Dating from 1799, this elegant property stands in the wooded Idless Valley, which is managed by the Forestry Commission and enjoyed by walkers and horse riders and noted for its carpet of bluebells in spring, as well as a favoured habitat for red and roe deer, otters and badgers.

Recently updated and extended, the house is constructed of stone with an imposing entrance porch and fine sash windows, several of which retain their traditional crown glass set within delicate glazing bars.

An entrance hall leads to a double reception room, study and large contemporary kitchen and dining

room. The two upper floors include a master bedroom with en suite shower room and dressing room, four more bedrooms, a family bathroom, shower room and play room.

Outbuildings include a barn and workshop, and the property has an attractive garden adjoining the house, together with another piece of land on the opposite side of the lane that includes a croquet lawn and kitchen garden. Eight miles to the east are the coastal villages of Loe and Nare.

London 261 miles.

Lamerton Manor, Idless, Truro, Cornwall, guide price £1.35m, Jackson-Stops & Staff Truro 01872 261160

Holly goes contemporary Built in the 1930s, Holly Lodge in the Gloucestershire village of Whelford has been substantially extended and reconfigured in contemporary style.

The detached four-bedroom property close to the market town of Fairford offers more than 2500 sq ft of space on two floors including two reception rooms and three bathrooms. It also has a large garden.

Cirencester is a 25-minute drive away and Swindon half an hour, and there are mainline services to London from Swindon and Kemble.

London 91 miles.

C OUN TRY P ROPERT Y

Georgian manor

Holly Lodge, Whelford Mill, Whelford, Fairford, Gloucestershire, guide price £550,000, Perry Bishop Cirencester 01285 655355

Looking for a home in the country?

For a comprehensive selection, turn to the following pages and then visit ...

www.londonpropertyreview.co.uk Click on any estate agents advertisement to instantly access their website and view their entire portfolio.

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LONDON PROPERTY

REVIEW

TV drama location Wasters is the home of Godiva ‘Diva’ Plaistow in the EF Benson series of novels on the upper-middle-class of the 1920s and 1930s. Two television adaptations – one on Channel 4 and the other on the BBC – were based on the social comedies.

The stories describe the rivalry between two women, Mapp and Lucia of the title, in the town of Tilling, based on Rye in East Sussex, where Benson lived for many years and served as mayor.

Mapp rented Wasters from Godiva Plaistow while renting her own house to Lucia, and now Wasters is available to let once more. The property shown as Wasters in the three-part BBC series first broadcast in December 2014 is actually The Old Vicarage, one of the

main residences in Rye Citadel.

With medieval origins, the landmark double-fronted property was rebuilt in the early part of the 18th century.

It has no passing traffic and stands in a delightful setting overlooking the churchyard.

Internal floor space of 4330 sq ft includes four bedrooms, three bath or shower rooms (one en suite), drawing room, dining rom, music room, and a kitchen and breakfast room with separate larder and pantry. A garden floor includes two more bedrooms, and a reception or home office.

London 80 miles.

The Old Vicarage, Church Square, Rye, East Sussex, £3500 per month, Phillips & Stubbs 01797 227338

Views of the estate The lodge house for the country estate of Hambledon House in Surrey is for sale set in grounds of almost a third of an acre.

Complete with allocated parking for several cars, the four-bedroom property includes a rustic kitchen diner, separate utility room, and a drawing room with two sets of doors leading to a conservatory overlooking the garden. The lawned garden has superb views across the estate.

London 43 miles.

The Lodge, Vann Lane, Hambledon, Surrey, £825,000, Grantley 01483 407620

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Embracing forest, town & coast...

The New Forest’s leading independent Estate Agent

Lymington, Hampshire

A rarely available, enlarged and modernised chalet bungalow situated in a quiet cul-de-sac within walking distance of the High Street in Lymington, being 400 metres from Marks & Spencers, and offered for sale with no forward chain.

£685,000

Lymington, Hampshire

A delightful, character detached home enviably situated south of the High Street within a stone's throw of the Yacht Club & a short distance of The Haven boatyard. The property is presented in good order throughout, benefits from versatile accommodation & is offered for sale with vacant possession.

£595,000

CONTACT US...

Lymington Office

London Office

T: 01590 675875 E: sales@caldwells.uk.com

T: 0207 079 1414 W: www.caldwells.uk.com

Beaufort House, 69 High Street Lymington Hampshire S041 9AL

Caldwells OUTPUT.indd 1

121 Park Lane Mayfair London W1K 7AG

CONNECT WITH US...

Follow us on Twitter @CaldwellsLym Be our friend on Facebook Search Caldwells Estate Agents

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jackson-stops.co.uk

West Sussex

Near Chichester

A handsome period former farmhouse providing beautifully appointed accommodation surrounded by partially walled gardens of about 1 acre.

People Property Places Jackson Stops Country OUTPUT.indd 1

rooms •Kitchen/breakfast room •6 bedrooms including principal and guest suites •54 reception bathrooms en suite) •Shower room en suite •Gym •Oak framed barn style garage •Gardens •Parking EPC(1rating E • •

Guide price: £1,700,000

LP62455

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Buckinghamshire

Gayhurst

A well-presented Listed Grade II farmhouse within an hour’s commute to London.

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•4 reception rooms •Kitchen/breakfast room •Master bedroom suite •3 further double bedrooms •Family bathroom •Independent 1 bedroom annexe •Double garage & outbuildings •Mature grounds •In all about 0.84 acres Guide price: £1,150,000

LP63055

Woburn 01525 290 641 woburn@jackson-stops.co.uk Offices in London & across the country 15/12/2015 14:53

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West Yorkshire

Near Wetherby

An attractive stone built country house and self-contained apartment enjoying a private position.

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•4 reception rooms •Breakfast kitchen & games room •6 bedrooms •4 bathrooms •2 bedroom self-contained apartment •Garaging & parking •Formal gardens •Tennis court •Paddock •Woodland •In all about 26.5 acres •EPC rating E Guide price: £3,000,000

LP62877

York 01904 625 033 york@jackson-stops.co.uk Offices in London & across the country 15/12/2015 14:53

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Kent

Near Dover

A Listed Grade II home with excellent leisure and equestrian facilities with about 7 acres, set in a rural location.

People Property Places Jackson Stops Country OUTPUT.indd 4

reception rooms •Kitchen/breakfast room •6 bedrooms (1 en suite & dressing room) •2 bathrooms •5Leisure 3 bedroom annexe •3 holiday cottages •Tennis court •Equestrian facilities •Manègecomplex •block Garage • • •In all about 7 acres

Guide price: £2,500,000

LP63359

Canterbury 01227 781 600 canterbury@jackson-stops.co.uk Offices in London & across the country 15/12/2015 14:54

michaelgraham.co.uk

Bragenham, Buckinghamshire Asking price £1,600,000 Fast Find: 7433 Milton Keynes: 01908 399199

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• Detached barn conversion • Open plan kitchen/dining/family room

@MG_Living

Michael Graham FPx4.indd 1

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• Set in approx. 2 acres of land (STMS) • Energy efficiency rating: band B

For a free market appraisal visit michaelgraham.co.uk 15/12/2015 14:26

michaelgraham.co.uk

Chinnor, Oxfordshire Offers over £1,500,000 Fast Find: 8257 Princes Risborough 01844 396000

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• Detached property set in 1.4 acres • Heated outdoor swimming pool

@MG_Living

Michael Graham FPx4.indd 2

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miles from P.Risborough

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minutes from London Marylebone

• Panoramic views of the Chilterns • Energy efficiency rating: band D

For a free market appraisal visit michaelgraham.co.uk 15/12/2015 14:26

michaelgraham.co.uk

Thurleigh, Bedfordshire Guide price £1,500,000 Fast Find: 7831 Bedford: 01234 220000

5

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miles from A6 Thurleigh

• Grade II listed 17th century converted barn • Open plan kitchen/breakfast/dining room

@MG_Living

Michael Graham FPx4.indd 3

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minutes from St. Pancras Intl.

• Detached utility building and attached barn • Sharnbrook Upper school catchment

For a free market appraisal visit michaelgraham.co.uk 15/12/2015 14:27

michaelgraham.co.uk

Little Tingewick, Buckinghamshire

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Asking price £1,250,000 Fast Find: 7602 Buckingham: 01280 821100

• 16th century country house • 2.2 acres of garden and paddock

@MG_Living

Michael Graham FPx4.indd 4

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miles from Buckingham A421

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miles from Bicester North

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minutes from London Marylebone

• Refurbished, character features • Energy efficiency rating: band E

For a free market appraisal visit michaelgraham.co.uk 15/12/2015 14:27

ESTATE AGENTS

Water Lane, Chelveston

OIEO £410,000

This substantial SIX bedroomed detached village home offers both a sprawling floorplan and impressive dimensions. Nestled away on this quiet lane within this most desirable of villages, the fabulous plot features a deep lawned frontage with private block paved driveway, double garage and a very private landscaped rear garden.

Kettering 01536 417888

Church Street, Cottingham

£465,000

This beautifully transformed barn conversion is located within a tranquil setting in the village of Cottingham, set back from the road within a stone’s throw from village church, local convenience store, local pubs and primary school. This property enjoys its own individual character both inside and out.

Market Harborough 01858 410400

Latham Street, Brigstock

£385,000

Truly unique, this four bedroomed Grade II listed stone cottage is situated within the heart of Brigstock, a thriving East Northants village rich with amenities and a vibrant community. This delightful cottage is being offered for sale with NO CHAIN and enjoys a double width driveway providing parking with a double detached garage.

Corby 01536 409717

High Street, Welford

£499,950

Atterbury Cottage is a deceptively large four/five bedroom period detached village home with an abundance of original character offering very versatile living accommodation to include potential annex facilities to the rear of the property, beautiful far reaching countryside views to the rear elevation and within an easy commute to the M1 & A14.

Market Harborough 01858 410400

Only 60 minutes by train to London ◆ Offices in Corby ◆ Kettering ◆ Market Harborough

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ESTATE AGENTS

London Road, Kettering

Guide Price £650,000

This quite exceptional four bedroom detached residence enjoys significant architectural detail and merit of the Edwardian era, commanding a sizeable, private and secluded plot within the heart of Kettering. The town centre, restaurant/cultural quarter and mainline railway are within easy reach.

Kettering 01536 417888

£450,000

Christopher Close, Desborough £465,000-£525,000

Located in a picturesque Cul-de-Sac with an open green in the historic village of Ashley, this beautiful part stone, with later red brick additions residence is believed to date back to the 1600’s and was formally known as “Westhorpe House”. Having undergone extensive refurbishment, this family home offers an extensive accommodation.

Market Harborough 01858 410400

This fantastic one off select development of stunning executive homes has been built by the award winning developer Green Bean Developments, proud winners of LABC small business award. There are four executive detached family residences finished to a high standard with a modern and contemporary layout, open plan living and stunning views.

Market Harborough 01858 410400

Westhorpe, Ashley

Only 60 minutes by train to London ◆ Offices in Corby ◆ Kettering ◆ Market Harborough

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This outstanding detached house is situated on the southern slopes of Swanage with views over Swanage Bay. It was built in 2011 to an exceptionally high standard incorporating many luxury features. The spacious and well planned accommodation is arranged over 4 floors and comprises: ‣ ‣ ‣ ‣

SITTING ROOM, STUDY MODERN KITCHEN/LIVING ROOM 5 EN-SUITE BEDROOMS ATTRACTIVE LANDSCAPED GARDEN WITH SUNNY SOUTHERLY ASPECT ‣ BALCONY, STORE/WORKSHOP ‣ INTEGRAL GARAGE & AMPLE PARKING ‣ EPC 88 ‣ £895,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

Exceptionally well presented modern cottage situated in the hamlet of Acton which lies approximately one mile to the west of the village of Langton Matravers. The property is built of natural Purbeck stone construction and has many quality features which include: ‣ ‣ ‣ ‣ ‣ ‣ ‣ ‣

SPACIOUS & WELL PLANNED ACCOMMODATION 2 RECEPTION ROOMS, KITCHEN/BREAKFAST ROOM EN-SUITE MASTER BEDROOM, 2 FURTHER BEDROOMS GUEST SUITE GOOD VIEWS TO THE PURBECK HILLS & SWANAGE BAY ATTRACTIVE GARDEN & SEPARATE PADDOCK OAK FLOORING THE PROPERTY IS CURRENTLY HOLIDAY LET, YIELDING AN EXCELLENT INCOME, ACCOUNTS AVAILABLE TO GENUINE APPLICANTS ON REQUEST ‣ THE MAJORITY OF FURNISHINGS ARE INCLUDED IN THE SALE ‣ EPC 65 ‣ £665,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

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Superbly renovated luxury bungalow in premier location with outstanding sea views to the Isle of Wight, exceptionally designed combining modern living with spacious accommodation. Living Room, Dining Room, Kitchen, Sun Room, Master Bedroom with En-Suite Bathroom and Dressing Room, 3 Further Bedrooms, Family Bathroom, Garage, Garden. EPC 73. ‣ £699,950 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

Attractive stone cottage in small courtyard development situated in

Spacious Guest House in excellent trading position close to the sea

the centre of the picturesque village of Worth Matravers. Living

front. Guest Living Room & Dining Room, 7 Letting Bedrooms (6 En-

Room/Kitchen, 3 Bedrooms, Bathroom, Separate WC/Utility, Small

Suite), Bathroom. 2 Bedroom Owner’s Accommodation with

Garden, Parking. Awaiting EPC.

Courtyard Garden. Ample Off-Road Parking. Awaiting Comm EPC.

‣ £445,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

‣ £695,000 ‣ Corbens Estate Agents, 01929 422284 ‣ www.corbens.co.uk

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H AY M A N - J OYC E

CHURCHILL, OXFORDSHIRE A most charming three bedroom Grade II Listed cottage in the heart of Churchill with seperate annexe Entrance hall, sitting room and kitchen. Master bedroom with dressing room, en-suite bathroom and walk-in wardrobe. Two further bedrooms, bathroom and study.

Garage and off-road parking. Annexe

Guide Price ÂŁ475,000 Moreton-in-Marsh Office 01608 651188

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MAYFAIR

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H AY M A N - J OYC E

LOWER SLAUGHTER, GLOUCESTERSHIRE An attractive detached house with parking, in the heart of Lower Slaughter Entrance hall, sitting room, dining room, kitchen/breakfast room, utility, boot room and cloakroom. Master bedroom with dressing room. Two further bedrooms and bathroom. Gardens. Garage. EPC Band F

Guide Price ÂŁ650,000 Moreton-in-Marsh Office 01608 651188

BROADWAY

MORETON-IN-MARSH

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Ringmore, South Devon

Guide ÂŁ1,250,000

A detached four bedroom property in a picturesque rural location set within approximately 3.80 acres with a newly constructed two bedroom/two bathroom lodge with its own private drive. Pony paddock, private lawned gardens, detached artist studio/study, double garage and heritagestyle double car port.

Contact: James Caslake 01548 830 831

Ermington, South Devon

Guide ÂŁ690,000

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A 5 bedroom detached family home that is set within a lovely, quiet rural position conveniently located on the fringes of the South Hams village of Ermington benefiting from superb panoramic views over open countryside. The property has recently been refurbished to a high standard and includes a spacious guest suite.

Contact: Jason Hooper 01752 880 044

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Berkhamsted Office: Agenda medium 27pt 01442 863000 Agenda bold 21pt nashpartnership.co.uk

Colours Grey (bottom box) = C:3 M:0 Y:0 K:32 Light Purple = C:47 M:64 Y:28 K:0 Dark Purple = C:48 M:100 Y:0 K:40

Agenda light 11pt with 21pt leading Text colour = 70% black

Georgia regular 23pt Tring, Hertfordshire Agenda light commuter 16pt with 19pt leading Rural haven, heaven Agenda light 16pt with 19pt leading

◆◆ ◆◆ ◆◆ ◆◆ ◆◆

Georgia regular 18pt Guide Price: £1.55m

◆◆ ◆◆ ◆◆

In excess of 3,200 sq ft Four bedrooms, five bathrooms Luxury specification 10 mins walk from Tring Station (London Euston approx. 35 mins) Useful ‘work from home’ suite Garage, carport and driveway Large garden, plus paddock EPC rating C

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Integrity Customer service Hard work perrybishop.co.uk

Shipton Moyne, Nr Tetbury

South Cerney

A spacious single storey Period residence built in 1851 as 4 Alms Houses, the original plans purportedly by the late 18th Century renowned architect James Wyatt, in the heart of sought after Shipton Moyne. Three bedrooms, two receptions, breakfast kitchen, sizeable garden. No Onward Chain. EPC Rating F.

A refurbished and extended natural stone detached riverside house, three/four reception rooms, 20ft long kitchen/breakfast room, utility room, four bedrooms and a large bathroom. River adjacent to landscaped garden. Double garage and room over. EPC Rating: D.

£750,000

£695,000

Tetbury Office: 01666 504418

Cirencester Office: 01285 655355

South Cerney

Oakridge Lynch

A remarkable and distinctive double fronted, five bedroom, detached executive property, providing excellent family living located on this exclusive development with some lovely lakeside views. EPC Rating: B.

A charming period stone cottage offering four bedrooms, character features and a pretty cottage garden. EPC Rating: F.

£1,200,000

£545,000

Cirencester Office: 01285 655355

Cirencester Office: 01285 655355

Mayfair Office, Cashel House, 15 Thayer Street, W1U 3JT 0207 467 5330 @PerryBishop Perry Bishop FPx2.indd 1

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Avening

Sandhurst, Gloucestershire

Situated in the desirable village of Avening is this four bedroom detached period home with heaps of character. The accommodation includes two charming reception rooms with open fireplaces and exposed beams, kitchen, two bathrooms plus plenty of outdoor space including garden, patio, gated parking and outbuilding. EPC Rating: F.

Horses, Hellebores or Hens could all thrive amongst these flat eight acres of land that currently have an equestrian use, but equally would make a fine horticultural nursery or livestock smallholding. With family buyers in mind the three bedroom accommodation includes a bathroom and en suite and subject to approval, the 1300sq feet of space could be further enlarged and given the fashion for one level life, a stunning 21st century home can be created. EPD Rating D.

£460,000

£625,000

Nailsworth Office: 01453 836736

Cheltenham Office: 01242 246980

Clanfield, Oxfordshire

Faringdon, Oxfordshire

A stunning village barn conversion situated in a private drive on the edge of the Cotswolds. Three well-proportioned bedrooms, two bathrooms, sitting room with wood burning stove, kitchen with appliances. Private garden, work from home studio/office, garage and parking. EPC: D

One of four mature executive homes in a private drive on the edge of this historic market town with views over the Thames River valley. Four double bedrooms, two bathrooms, ground floor bedroom and adjacent shower room, three reception rooms and large conservatory. Double garage and mature corner plot gardens. EPC: D

£500,000

£750,000

Faringdon Office 01367 240356

Faringdon Office 01367 240356

Cheltenham • Cirencester • Faringdon • Fairford • Nailsworth • Stroud • Tetbury

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Iden, East Sussex

£625,000

Rye, East Sussex

£560,000

Udimore, East Sussex

£520,000

A well presented detached period cottage with light filled stylish accommodation. Set off a quiet country lane, yet on the edge of the village the property includes sitting room, garden/dining room, study, kitchen and utility room, 4 bedrooms. Heritage style double garage. 1/2 acre garden. EPC F

A fine Grade II listed house in the conservation Area. Versatile accommodation includes open plan kitchen/sitting room, dining room, drawing room/bedroom 3, two/three double bedrooms. Attic room. Terraced garden. Includes 2 prime retail units providing rental income. Garage by separate negotiation.

Well proportioned detached Victorian house. The accommodation includes sitting room and conservatory, dining room, open plan kitchen/breakfast room, utility room, master bedroom and 3 further bedrooms. Garden. Summer house. Garage/store. EPC F.

RYE OFFICE 01797 227338 72 MAYFAIR OFFICE 0870 112 7099 Phillips & Stubbs FPx2.indd 1

Near Tenterden, Kent

£875,000

Pett, East Sussex

£560,000

Rye, East Sussex

from £335,000

A handsome Grade II listed Georgian farmhouse. Accommodation includes drawing room, dining room, study, kitchen, utility/shower room, master bedroom with en-suite dressing area and bathroom, three further bedrooms and nursery/bedroom 5. Gardens of approx 3/4 acre with heated pool. Outbuildings and double bay garage.

A newly renovated and remodelled Sussex style property on high ground with stunning views. Accommodation includes open plan fitted kitchen and vaulted sitting/dining room, study, utility room, and 3 double bedrooms. Garden, single garage and off road parking. EPC C

A stunning development offering a mix of high specification 2 and 3 bedroom apartments in the centre of the Ancient Town. 50% reserved/sold. All are fully fitted and ready for occupation and have allocated parking and balcony terraces. EPC rating B

phillipsandstubbs.co.uk 15/12/2015 14:44

Camber, East Sussex

ÂŁ295,000

Rye, East Sussex

ÂŁ225,000

A modern, architect designed eco-friendly house affording versatile living accommodation and forming part of an innovative ultra-modern development nestling behind the sand dunes close to the spectacular Camber beach. Entrance lobby, Garage/games room, Family room, Open plan living /dining room with kitchen area opening onto a decked terrace, Master bedroom with en suite shower and balcony, Guest double bedroom with balcony and adjacent bathroom. Geo thermal space heating. Planted communal garden space. Parking. EPC C.

A stylish and beautifully presented Grade II listed Georgian period cottage in the Conseration Area of the Ancient Town. The accommodation includes sitting room, kitchen/breakfast room, and 2 double bedrooms and bathroom. A walled courtyard garden and attached two storey outbuilding/studio comprising garden store area and utility area with plumbing for washing machine.

RYE OFFICE 01797 227338 MAYFAIR OFFICE 0870 112 7099 Phillips & Stubbs FPx2.indd 2

phillipsandstubbs.co.uk

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01208 863322 | rockadmin@crw.co.uk

www.crw.co.uk

Jacaranda, St Minver

ÂŁ450,000

Situated in an attractive rural area just a few minutes drive from Rock, Daymer Bay and Polzeath, Jacaranda is a modern, 4 bedroom, three storey property with lovely uninterrupted and extensive countryside views. EPC Rating C.

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01208 863322 | rockadmin@crw.co.uk

www.crw.co.uk

Jacaranda, Nr Polzeath

ÂŁ750,000

Situated in Trebetherick the sort after location favoured by the current Prime Minister when staying in Cornwall. The property is midway between the delightful family beach of Daymer Bay and the sort after surfing beach at Polzeath. The aireal photographs demonstrate the generous plot compared to the new holiday properties being built in the area. EPC rating E.

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REGIONAL ESTATE AGENTS

Clanfield, Hampshire

Guide Price ÂŁ1,200,000

Master Bedroom with En Suite Bathroom l 4 further Bedrooms l Family Bathroom l

A lovely Grade II listed period house in

Entrance Hall l Drawing Room l Sitting Room l Large Family Room | Dining Room l

an attractive setting overlooking open

Study l Morning Room l Utility Room l Kitchen/Breakfast Room l Cloakroom l Cellar l

countryside.

Rear Hall l Attractive Gardens of 1.67 acres l Flint Garage Building l Large Timber Garage with space for up to 9 cars l Views over countryside

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01730 262600 I info@wilsonhill.co.uk I wilsonhill.co.uk

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REGIONAL ESTATE AGENTS

Wilson Hill

West Meon, Hampshire

Guide Price: £1,795,000

Master Bedroom with En Suite Shower and Dressing Room l Guest Bedroom also with

‘We never tire of a different view from

En-Suite Shower/Bathroom l 3 further Bedrooms l 2 Family Bathrooms l 5 Double

almost every window and being in real

Bedrooms in all l Hall | Drawing Room l Dining Room l Study l Kitchen/Breakfast Room

country, yet 10 minutes or so of

with Sitting area and open fireplace l Cloakroom l Utility Room l Courtyard outbuildings

Petersfield’

with triple bay open Garaging, Tack Room and 3 Loose Boxes/Stores l Garden and Grounds, including back drive about 4.28 acres (1.732 ha) l Situated within the South Downs National Park EPC – E41

wilsonhill.co.uk

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NO CARS

NO BOATS

NO RECIPES

just property

www.londonpropertyreview.co.uk

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RENTALS

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LONDON PROPERTY

REVIEW

Lettings Lowdown Landlords are investing in the BBC Television Centre, reports Ben Charsley, head of Lettings at Savills Brook Green and Shepherd’s Bush We often see a flurry of activity at the end of each year as people both rush to move in time for Christmas, or prepare their plans to move in the New Year. Over December we had quite a few families registering in advance of their planned move date in February, to scout out the area, decide upon the best roads, and view the types of houses that they’d hope to rent.

This is almost like the orientations that many relocation agents will do with their clients, spending a day getting a feel for the area and showing them the types of properties they could expect to rent. Instead of using these agents, however, a lot of families now seem to be doing this independently rather than through a third party.

Whilst the one and two-bed-flat tenants still seem to be looking for properties with more immediacy, especially in December with those who tried to move before Christmas, there is definitely a stronger sense of organisation among family tenants, who seem to be registering and starting their search earlier than usual.

Most are doing so with a view to moving into their homes a good 18 months before their children start at school to ensure they’re really settled, rather than the average of 12 months that it used to be. This was very much the case at the beginning of 2015, having let a flurry of family houses in the first two months of the year, and we expect it to follow the same pattern this year.

It’s an exciting time in this area at the moment with the highprofile redevelopment of the BBC Television Centre, on which our sales department are instructed. Although the official launch of the development is not until May (with completion starting at the end of 2017), by December over 175 apartments had already been sold.

There is strong demand from buyto-let investors, and we expect to see a good deal of activity here once they are nearing completion. With this and other exciting developments, this area is definitely one to keep an eye on.

Catastrophic news Rents will rise following the Chancellor’s buy-tolet stamp duty surcharge, reports David Cox, managing director of the Association of Residential Letting Agents (ARLA) The news in the Autumn Statement that the Chancellor will increase stamp duty tax on buy-tolet properties by three per cent in April is catastrophic for the private rental sector, especially following the recent changes to mortgage interest tax relief and the annual wear and tear allowance.

Increasing tax for landlords will increase rents and reduce property standards for tenants.

To make owning a buy-to-let property financially viable, landlords will need to pass on the increased stamp-duty costs to tenants, who will in turn see less spent on maintaining their property and, of course, see increased rents.

The changes will also deter new landlords from entering the market, pushing the gap between dwindling supply of available property and growing demand even further apart, which will also – in turn – push up rental costs.

The capital, where demand is so strong and the 2014 stamp duty changes hurt rather than helped, will see tenants having the greatest burden to bear.

At the centre of London’s property market 020 7590 0060 n www.kayeandcarey.co.uk 310466 Property Review Banner.indd 1

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LONDON PROPERTY

REVIEW

Try before you buy Dating back to 1792, a Hans Place townhouse once owned by the Earl of Suffolk was designed by illustrious architect Henry Holland, also known for his work on the Marine Pavilion in Brighton.

Holland designed the entire master plan for Hans Place, on the ChelseaKnightsbridge border. An octagonal shape of residential houses and apartments is set around a garden square, just around the corner from Harrods.

Henry Howard, 19th Earl of Suffolk, bought the townhouse in 1904 and added an Edwardian Wing complete with a wood panelled library – originally used as a billiards room – and a large guest bedroom. Still intact, the wing now features a spectacular double drawing room and library.

Howard’s former home features a master bedroom suite with walk-in

dressing room, six more bedrooms and four more bathrooms. It also offers a gym, wine cellar, terrace, garage with electric car charging point, and access to the private gardens of Hans Place and Cadogan Square.

The south-west-facing house spread across six floors has been reconfigures and modernised by the current owner to provide versatile living spaces.

The ground floor has a kitchen and breakfast room, separate dining room, playroom and Edwardian library.

Ali Champkins, head of Lettings at Russell Simpson, said: “Available to let or buy, this home offers the unique possibility of a purchaser trying before they buy.”

Hans Place, Chelsea SW1, £6950 per week or for sale at £14.5m, Russell Simpson 020 7225 0277

W1’s pink paradise A refurbished two-bedroom duplex apartment is to let in Mount Street, a premier address in Mayfair that has been described as a ‘paradise of pink terracotta’. The street was rebuilt by the 1st Duke of Westminster from 1880 to 1900 primarily in the pink terracotta Queen Anne style that the Duke so admired.

Offering more than 1883 sq ft of space on the first and second floors, the apartment now to let includes two bathrooms, a reception room, dining room, separate kitchen and utility room. Berkeley Square, Grosvenor Square, Hyde Park and Oxford Street are all on the doorstep.

Mount Street, Mayfair W1, £2450 per week furnished, Knight Frank 020 7499 1012

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BROOK GREEN 138 SHEPHERDS BUSH ROAD W6 7PB SHEPHERDS BUSH 113 ASKEW ROAD W12 9AS ACTON 27 CHURCHFIELD ROAD W3 6BD

www.finlaybrewer.co.uk

ANLEY ROAD W14 £1,300 PW / £5,633 PCM • • • • •

LETTINGS 020 7371 4071

• • • •

GENEROUSLY PROPORTIONED HOUSE 6 DOUBLE BEDROOMS 3 BATHROOMS (ONE EN SUITE) VERSATILE LAYOUT FOR FAMILY LIVING DOUBLE RECEPTION WITH WOOD FLOORS

FURTHER FIRST FLOOR FORMAL RECEPTION EAT-IN KITCHEN LEADING INTO PRETTY GARDEN WELL LOCATED FOR SHEPHERS BUSH & HOLLAND PARK EPC RATED D 59

ST. QUINTIN AVENUE W10 £775 PW / £3,358 PCM • • • • •

LETTINGS 020 7371 4071

LOVELY 3 BEDROOM HOUSE FINISHED TO A HIGH STANDARD THROUGHOUT WOOD FLOORED RECEPTION MASTER BEDROOM WITH EN-SUITE AMPLE STORAGE THROUGHOUT

LOCAL

.

• • • •

LARGE GARDEN STUDY & FAMILY BATHROOM WELL LOCATED FOR NOTTING HILL AND NORTH KENSINGTON EPC RTED E 39

INDEPENDENT

.

I N V O LV E D

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ROWAN ROAD W6 £690 PW / £2,990 PCM • • • • •

LETTINGS 020 7371 4071

2 DOUBLE BEDROOM VICTORIAN COTTAGE ELEGANT DOUBLE RECEPTION WOOD FLOORS THROUGHOUT FULLY FITTED KITCHEN CONTEMPORARY SHOWER ROOM

• • • •

SECLUDED GARDEN PRIME BROOK GREEN LOCATION OFF-STREET PARKING EPC RATED E 51

BRACKENBURY ROAD W6 £625 PW / £2,708 PCM • • • •

LOVELY BRIGHT UPPER MAISONETTE 3 DOUBLE BEDROOMS DOUBLE RECEPTION WITH WOOD FLOORS SEPARATE KITCHEN

LOCAL

.

LETTINGS 020 7371 4071

• • • •

GARDEN AND ROOF TERRACE FAMILY BATHROOM WELL LOCATED FOR SHEPHERDS BUSH & HAMMERSMITH EPC RATED E 53

INDEPENDENT

.

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C

1 B F

Kensington

ÂŁ1,450 pw Unfurnished

C

3 Bedrooms | Reception | 3 Bathrooms | Period Apartment Balcony | Close to Amenities | Near Tube | EPC – D Kensington 020 3302 4797 kens@brlets.co.uk

3 C K

Fourteen offices open six days a week Monday - Saturday Canary Wharf | City | Colindale | Ealing | Fulham | Greenwich | Hammersmith | Hampstead | Highgate | Hyde Park | Kensington | Knightsbridge | Surrey Quays | Wapping Additional charges apply: Tenancy Agreement, Credit Check & Inventory Report. For details visit www.brlets.co.uk/tenantinfo

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g

London’s Letting Agency

To arrange a viewing or for more information call

info@brlets.co.uk www.brlets.co.uk

020 7319 9783

Chelsea Creek

£550 pw Furnished

Kensington

£795 pw Part Furnished

1 Bedroom | Reception | 1 Bathroom | Apartment Balcony | 24hr Concierge | Lift | Gym |EPC – B | Sole Agents Fulham 020 3417 4316 iw@brlets.co.uk

3 Bedrooms | Reception | 2 Bathrooms | Period Apartment Close to High Street & Tube | EPC – D | Sole Agents Kensington 020 3302 4797 kens@brlets.co.uk

Chelsea

Imperial Wharf

£1,300 pw Unfurnished

3 Bedrooms | Reception | 3 Bathrooms | Townhouse Conservatory & Patio | Near Amenities | EPC – D Knightsbridge 020 3302 6761 knight@brlets.co.uk

£1,400 pw Furnished

3 Bedrooms | Reception | 2 Bathrooms | Apartment Balcony | 24hr Concierge | Lift | Gym |EPC – C | Sole Agents Imperial Wharf 020 3417 4316 iw@brlets.co.uk

Dubai | Hong Kong | India | Malaysia | Singapore

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London’s Letting Agency

info@brlets.co.uk | www.brlets.co.uk To arrange a viewing or for more information call

020 7319 9783

Knightsbridge

£495 pw Furnished

1 Bedroom | Reception | Shower Room | 2nd Floor Period Building | Near Harrods & Tube | EPC – C Knightsbridge 020 3302 6761

Mayfair

knight@brlets.co.uk

£2,000 pw Furnished

2 Bedrooms | Reception | 1 Bathroom | Period Apartment Balcony | Close to Amenities | Near Tube | EPC – D Hyde Park 020 3302 9637

hyde@brlets.co.uk

Battersea

£525 pw Furnished

1 Bedroom | Reception | 1 Bathroom | Apartment Balcony | 24hr Concierge | Lift | EPC – B | Sole Agents Knightsbridge 020 3302 6761

Imperial Wharf

£1,700 pw Furnished

Hammersmith

knight@brlets.co.uk

£695 pw Furnished

3 Bedrooms | Reception | 3 Bathrooms | Apartment Balcony | 24hr Concierge | Lift | Gym | EPC – B

2 Bedrooms | Reception | 2 Bathrooms | Apartment Patio | 24hr Concierge | Gym | EPC – B | Sole Agents

Fulham 020 3417 4316

Hammersmith 020 7412 8683

iw@brlets.co.uk

fr@brlets.co.uk

Fourteen offices open six days a week Monday - Saturday Canary Wharf | City | Colindale | Ealing | Fulham | Greenwich | Hammersmith | Hampstead Highgate | Hyde Park | Kensington | Knightsbridge | Surrey Quays | Wapping Dubai | Hong Kong | India | London | Malaysia | Singapore Additional charges apply: Tenancy Agreement, Credit Check & Inventory Report. For details visit www.brlets.co.uk/tenantinfo

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Imperial Wharf London SW6 Apartments to rent from £400 per week

o.uk

n Premier riverside development adjacent to Chelsea Harbour n Vibrant location; shops, bars, gym and restaurants on your doorstep n Own train station plus water taxi service to the City (20 mins)

Manhattan Studios from £400 per week

hed

o.uk

2 Bed Apartments from £550 per week

hed

o.uk

Call us now on 020

3417 4316 or email iw@brlets.co.uk or visit www.brlets.co.uk 15 The Boulevard, Imperial Wharf, London, SW6 2UB

Convenient on-site office at 15 The Boulevard, Imperial Wharf (next to the Karen Hardy Dance studio)

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Willesden Lane NW2 £3,995,000 An exceptional six-bedroom family house that has been renovated and remodelled with no expense spared, benefitting from a large private garden and excellent transport links. Freehold. EPC=D

• Six bedrooms • Three reception rooms • Off-street parking • 98ft garden

QUEEN’S PARK SALES: 020 7624 4513 sales.qpk@marshandparsons.co.uk 94

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Ladbroke Gardens W11 £3,000,000 A wonderful three-bedroom Victorian conversion, offering an exceptional entertaining space and a glorious wide reception room with large windows, situated in the heart of Notting Hill. EPC=D

• Three bedrooms • Southerly aspect • Exceptional entertaining space • Communal gardens

NOTTING HILL SALES: 020 7313 2890 sales.not@marshandparsons.co.uk 95

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All Saints Road W11 £1,950,000 An exceptional three-bedroom maisonette with a roof terrace, finished to an unparalleled specification, benefitting from an impressive entertaining space and a roof terrace. Share of Freehold. EPC=E

• Three bedrooms • Maisonette • Impressive entertaining/living space • Roof terrace

NORTH KENSINGTON SALES: 020 7313 8350 sales.nkn@marshandparsons.co.uk 96

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Oakley Street SW3 £800,000 - £2,650,000 An exceptionally refurbished period building converted into four spacious apartments located in the heart of Chelsea close to both the River Thames and the world famous King’s Road. Share of Freehold.

One, two and three bedrooms

• Exceptionally refurbished • Contemporary style • Prime location

CHELSEA SALES: 020 7591 5570 sales.chs@marshandparsons.co.uk 97

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Paultons Street SW3 £2,600 per week A beautifully refurbished and rarely available four-bedroom family house, situated in a highly soughtafter road with a large terrace and well-arranged accommodation over three floors. EPC=E

• Four bedrooms • Large eat-in kitchen • Double reception • Large terrace

CHELSEA LETTINGS: 020 7591 5570 lets.chs@marshandparsons.co.uk 98

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Oakwood Court W14 £1,950 per week An extremely spacious four-bedroom apartment located in a secure portered red brick mansion block close to both Holland Park and High Street Kensington. EPC=D

• Four bedrooms • High ceilings • Spacious reception • Excellent location

HOLLAND PARK LETTINGS: 020 7605 6890 lets.hol@marshandparsons.co.uk 99

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One New Year’s resolution we can help you keep:

Join a gym Give up sugar Book a holiday

More family time Move

If you are considering a move in 2016, contact your local Savills team.

Jonathan Hewlett Head of London Residential 020 7730 0822 jhewlett@savills.com

savills.co.uk

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