Aug 31-Sept 14, 2022 wharf-life.com Property in Canary Wharf, Docklands, east London buy - rent - invest - interiors - commercial thefortwiceTurnoverourlatesttopoflinehomefromAlexNeil Page 21 + how the Crossrail’s next phase and a government deadline mean time is pressing for rst-time buyers looking across London Pages 18-19 Fast, affordable, conveyancing services Call our team on 020 7205 4021 or email cmiller@kiddrapinet.co.uk, ypatel@kiddrapinet.co.uk or mzvarykina@kiddrapinet.co.uk kiddrapinet.co.uk line celebrating a down the
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Above, left and below, a series of completeddevelopmentworkwillhowimpressionsartist’sofTheVenuelookwhenontheis
2 Months left to take advantage of the Government’s Help To Buy Equity Loan Scheme
ates are important, as is the future when it comes to askanacquisition.propertyIt’snotunfairquestiontowhythispiece
Forming part of the 18-acre Old Vinyl Factory site, once owned by EMI and used to produce records by the likes of the Beatles, Frank Sinatra and the Rolling Stones, the development comprises one, two and three-bedroom apartments spread over three buildings. All feature private balconies or terraces and access to a communal podium garden.
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is about a development in west London. The answer is simple. November 6. That’s the day Elizabeth Line services are due to connect directly from Reading in Berkshire all the way through central London and out to Abbey Wood.Passengers will no longer have to suffer an irritating change via a mainline platform at Paddington – travel from east London to the west will be seamless in all its air-conditioned, wi-fi enabled glory.That means a fresh set of viable locations for Wharfers to shop for a home in, strewn all along the length of the purple line. But, for those keen to take advantage of the Government’s current Help To Buy: Equity Loan scheme for new-builds, time is pressing and there are still deals to be Beforehad.a single Elizabeth Line train has zipped from Canary Wharf to Hayes And Harlington without stopping, applications will have come to an end on October 31. Even though the scheme doesn’t officially close until March next year, applicants must have completed their purchases by then – hence the earlier deadline. So what bargains might be lurking out west? Weston Homes is currently building The Venue in Hayes – a £70.5million collection of 181 new properties.
Prices for properties at The Venue start at £367,000 for a one-bedroom property, with two-beds starting at £448,000. In addition to Help To Buy, Weston Homes offers first-time buyers its First-Time SecureBuy scheme which allows purchasers to reserve a home for £500. Weston Homes group sales and marketing director Suzanne Aplin said: “The government Help to Buy Equity Loan scheme and our FTSB scheme give first-time buyers a chance to buy one of our fantastic apartments at The Venue, however, buyers must hurry to make use of the former, which ends in October this year.
“Buying a property is a dream for many first-time buyers and we are delighted, with these schemes, to be able to help them to achieve that.” Go to weston-homes.com how The Venue by Weston Homes offers new buyers a helping hand to take their first steps onto the ladder by Jon Massey Buyers must hurry to make use of the Help To Buy Equity Loan Scheme, which ends in October this year Suzanne Aplin, WestonatabouttoScanHomesthiscodefindoutmorehomesTheVenue
Property Wharf Life Aug 31-Sept 14, 2022 wharf-life.com 19 west looking to the Show home interiors at The Venue feature Weston Homes’ premium specification including instant boiling and cold filtered water taps and broadbandHyperopticconnections
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“Often this means they face compromising on what and where they rent next, with some having to trade “Theredown.aresome signs that the rental stock slump is close to bottoming out. But with two-thirds fewer homes on the market than five years ago, there isn’t room for them to fall much further.“Ina reversal of last year, it’s city centre markets which have seen the biggest year-on-year falls in the number of homes up for rent, meaning it’s here that tenants are still facing doubledigit rental “Meanwhilegrowth.suburban and country markets have quietly recorded small rises in stock levels and have seen rental growth soften.”Hamptons’ study found tenants in the South West were seeing the biggest squeeze on their buying power with increases in average rental prices of 18.7% in the two years to July 2022. For more information go to hamptons.co.uk how research from Hamptons finds growth in rental prices is affecting what tenants can get for their money by Jon Massey In a reversal of last year, it’s city centre markets which have seen the biggest year-on-year falls in the number of homes up for rent Aneisha Beveridge,inaboutcodeScanHamptonsthisformoreHamptonsCanaryWharf in supply drive rises
igures from estate agency Hamptons show rents continuing to rise, with prices in the lettings market up 8.3% over the last 12 months. Research by the property company, which operates a branch locally at 20 Montgomery Square in Canary Wharf, said that while the pace of growth had cooled slightly for the third month in a row, its figures for July were nevertheless the sixth strongest annual increase over the past 10 years. As the UK continues to emerge from the effects of the pandemic, it’s meant the UK average rental price for a two-bedroom property in July 2022 – £1,068 – is roughly what tenants were spending on a three-bed 16 months ago. Hamptons said that previously it would have taken six years for average rents to grow by a figure equivalent to the cost of a bedroom.Thisincrease is likely to put extra pressure on the lower end of the market as tenants look to trade down in space to preserve their expenditure at 2020 levels.
Bedroom homes now attract average rental prices that typical three-beds were going for just 16 months ago
Hamptons’ report said average rents had risen by 16.2% or £165 per month
Hamptons says cities are seeing the largest year-on-year drops in the supply of rental homes
costs.totheinvestorssqueezedstretchtenantstwoAneishaHamptonsnationwide.headofresearchBeveridgesaid:“Afteryearsofrecordrentalgrowth,aren’tseeingtheirbudgetsasfarastheyusedto.“Andtheyarelikelytobefurtherstillbyamixofleavingthemarketandlandlordsleftbehindlookingpassontheirhighermortgage“Tenantstryingtomoveare increasingly facing a cost-cliff with market rents rising faster than what they’ve been paying for their current homes.
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This two-bedroom property is located on the corner of the 16th floor of one of The Wardian’s two towers. Situated on the Isle Of Dogs, this home, which boasts an open-plan living area, two bathrooms and a wraparound balcony, is a few minutes’ walk from all the amenities of the Canary Wharf estate. The development itself includes a 24-hour concierge service, a private cinema, a residents’ gym, a spa and a swimming pool.
The views from its wraparound balcony overlook Canary Wharf The property is located on the corner of one of the development’s towers
featured property
Scan this code for more info on this propertyE14
Bagshaw Building, E14 Guide: £1,100,000 - freehold
contact Alex Neil on 020 7537 9859 or email canarywharf@alexneil.com for more about this property or similar homes on the agency’s books
It is located close to South Quay DLR, with Canary Wharf’s transport links, including the Elizabeth Line, also within easy walking distance. Go to alexneil.com
Wharf Life Aug 31-Sept 14, 2022 wharf-life.com22 Time is of the essence when you are Fast, lawyersContactconveyancingtransparent,servicesoneofourexpertpropertyon 020 7205 4021 or email property@kiddrapinet.co.uk kiddrapinet.co.uk Expert knowledge of the area Competitive, fixed fees A dedicated lawyer until completion A secure personal oressencelawyersconveyancingserviceservicesonExpertknowledgeoftheareaCompetitive,fixedfeesAdedicatedlawyeruntilcompletionAsecurepersonalservicewhenasuccessfuliftheprocessandcosttoyouiscompletelytransparent.
Wharf Life Aug 31-Sept 14, 2022 wharf-life.com 23 BOND STREET 17 MINS HEATHROW44MINSPADDINGTON21MINSCANARY WHARF 3 MINSTHE ELIZABETH LINE FROM CUSTOM HOUSE LIVERPOOL STREET 10 MINS On the edge of the Thames, immersed in nature. Surrounded by verdant parks & gardens with panoramic views towards Canary Wharf, the City & beyond. Part of the thriving Royal Wharf neighbourhood with its own high street, regular farmers market, primary school, gym and Riverscape residents’ only Sky Lounge. Moments from the Elizabeth Line & the DLR with direct access to Thames Clippers from Royal Wharf Pier. PARKVIEW APARTMENTS FROM £399,500 020 3918 9326 · riverscape.co.uk Prices correct as at time of print. THE LESLIE Launching 17 September RS_WHARF-LIFE_BUILDING_2.2_Relaunch.indd 1 25/08/2022 17:20
24 ’ *Activities for young, old and everyone in -between *Holiday and after -school club that runs all year round *Halls to hire for parties and sports 4 Saunders Ness Road, Isle of Dogs, E14 3PS www.docklandsettlements.org.uk ’ *Activities for young, old and everyone in -between *Holiday and after -school club that runs all year round *Halls to hire for parties and sports CALDER’S WHARF, 4 SAUNDERS NESS ROAD, ISLE OF DOGS, E14 3PS DOCKLANDSSETTLEMENTS.ORG.UKDISCOVEREVERYTHINGATCALDER’SWHARFHASTOOFFER EMAIL emma.reed@docklandsettlements.org.uk CALL 020 3519 4470 l ACTIVITIES for young, old and everyone in-between l HOLIDAY and after school club that runs all year round l HALLS to hire for parties and sports infoforcodescan l The Dockland Settlements aims to provide support to local communities who live close to our centres in Newham, Southwark and Tower Hamlets. l As a charity we provide sporting, social, recreational and educational activities as well as low cost playcare to help parents go back to work or remain in work. l The Calder’s Wharf centre opened its doors on the Isle of Dogs in January 2020. It hosts playcare services and its halls are home to a variety of activities for the community including sporting, social, recreational and educational activities. The centre also has a spa room which is used for massages and beauty related activities. Its halls are also available for hire.
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GIVES YOU MORE POTENTIAL BUYERS, WHICH MEANS A BETTER PRICE FOR YOU. Call Felicity J Lord Canary Wharf on 020 7987 6776 or visit fjlord.co.uk/flink to learn more. Properties throughout Docklands, South and East London Call us now for a free, no obligation valuation 020 7515 0800 valuation@lmlondon.comwww.lmlondon.comREQUEST A VALUATION 020 7293 wharfads@trinitymirror.com2247 Advertise on this page be part of the Canary Wharf conversation To advertise here call 07944 000 144 or email jess.maddison@wharf-life.com Fast, affordable, conveyancing services Call our team on 020 7205 4021 or email cmiller@kiddrapinet.co.uk, ypatel@kiddrapinet.co.uk or mzvarykina@kiddrapinet.co.uk kiddrapinet.co.uk Call 020 3941 9966 for a free valuation The market is moving, isn’t it time you did? Estate Agents - Professional Services - Classi eds Wharf Life is published by Massey Maddison Limited and printed by Ili e Print Cambridge. Copyright Massey Maddison Limited 2021 In regard to advertising material submitted by third parties and printed in Wharf Life, each individual advertiser is solely responsible for the content of such material Massey Maddison Limited accepts no responsibility for the content of advertising material, including, without limitation, any error, omission or inaccuracy therein Wharf Life Aug 31-Sept 14, 2022 wharf-life.com 27
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