Wharf Life's Property Supplement, Jun 28-Jul 12, 2023

the line find a home along

the Elizabeth Line is now fully up and running and it’s already spreading prosperity in London

Finally, the Elizabeth Line’s complete complement of services went into operation last month, making good on Crossrail’s longawaited promise of connectivity from Abbey Wood and Shenfield in the east to Reading in the west.

While the line’s effects are doubtless being felt beyond London’s city limits, it is within the capital that the most profound change is being felt. Transportation links are the arteries of prosperity and, with the Elizabeth Line already the UK’s busiest railway, there was clearly no shortage of demand for its creation.

Perhaps its biggest impact will be on the property market – connecting areas of London that were previously considered suburban and far flung with the most prosperous, central areas of the city in a few minutes. Who now wouldn’t want to live near a Liz Line station?

destination station

SOUTHALL HAYES & HARLINGTON

Canary Wharf - featured property

PROPERTY FACTFILE

Boardwalk Place, E14

Guide: £575,000 - leasehold - EPC D

l Bedrooms - 2 l Bathrooms - 2 l Reception - 1

While many new developments are being built and sold along the length of the Elizabeth Line, buyers should not ignore established properties. Located a few minutes’ walk from Crossrail’s Canary Wharf station, this third-floor apartment offers close to 900sq ft of space on the estate’s doorstep.

The two-bedroom, two-bathroom home boasts a separate kitchen and a roof terrace with easterly views over the Blackwall skyline and is dual aspect with windows to the east. The development benefits from a 24-hour concierge service and car parking is also available.

In addition to the Elizabeth Line, the apartment is within easy walking distance of Canary Wharf’s Jubilee line station as well as Poplar DLR. It benefits from the estate’s growing portfolio of shops and restaurants including new openings such as Mallow, Fish Game and amenities such as Wood Wharf Kindergarten.

WEST DRAYTON

TERMINALS 2 & 3

contact Hamptons on 020 7346 5801 or email canarywharf@hamptons.co.uk

IVER

LANGLEY

HEATHROWAIRPORT

TERMINAL 5TERMINAL 4

SLOUGH

BURNHAM

TAPLOW

MAIDENHEAD

TWYFORD

The opening of the Elizabeth Line station in Woolwich only enhances the attractions of Royal Arsenal Riverside

PADDINGTON ACTON MAIN LINE EALING BROADWAY

TOTTENHAM COURT ROAD BOND STREET

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FARRINGDON

WHITECHAPEL LIVERPOOL STREET

the expert view

Boardwalk Place is positioned to the east of the Canary Wharf estate near Blackwall Basin and is one of the closest residential developments to the Elizabeth Line station.

Since services began running, we have seen an influx of buyers from all over the capital, snapping up property in nearby developments, which is on average 30% cheaper than the City and north or west London.

We expect this trend to continue as more people begin to discover just how convenient it is to travel across London from Canary Wharf. Due to the increased demand, we are seeing property values improve in developments close to Elizabeth Line stations in this part of London and we are also seeing premiums being paid by tenants.

It used to take more than 30 minutes to commute from Canary Wharf to the West End – that journey now takes 15 minutes on an air-conditioned train.

Adam Wolfryd is associate director and head of sales at Hamptons in Canary Wharf

Go to hamptons.co.uk or follow @canarywolfy on Instagram

destination station Woolwich

While all stops along the Elizabeth Line have benefitted from its arrival it is arguably areas like Woolwich and Abbey Wood on the railway’s central and eastern section where the impact has been greatest.

The service has dramatically cut journey times to whole swathes of London for those living in developments such as Berkeley Homes’ Royal Arsenal Riverside – putting it about 10 minutes from Canary Wharf and providing it with direct connections to places like Oxford Street, Tottenham Court Road and Heathrow.

The developer’s mammoth project has seen a vast area transformed from munitions and gun production into a place for people to live and create a community. While this process was well under way before the Crossrail project came to fruition, its arrival is itself transformational for those who have invested there and prospective buyers – riverside living within minutes of central London with a major cultural destination on the doorstep – find out more on Page 18 Go to berkleygroup.co.uk

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Minutes from Woolwich to Canary Wharf on Crossrail’s direct service between the two stations

ABBEY WOOD WOOLWICH CUSTOM HOUSE WHITECHAPEL CANARY WHARF LIVERPOOL STREET

how Aspen At Consort Place offers connected homes on the Wharf’s doorstep

by Jon Massey

Living on the Isle Of Dogs has been transformed by the arrival of the Elizabeth Line in ways that will continue to unfold over the coming years. While the area has been well connected since the arrival of the Jubilee line in 2000, the new railway removes so many psychological barriers to visiting parts of London which were accessible only via the city’s standard 45-minute Tube ride.

The new station puts places such as Liverpool Street, Farringdon, Tottenham Court Road, Oxford Street and Soho within less than 15 minutes.

That, of course, is just going west. The emerging might of Royal Docks is only three direct minutes away, with Woolwich and Abbey Wood similarly relocated in the mind.

That means, for residents of E14, a day spent at cultural powerhouse Woolwich Works might easily be topped off by a night in the West End or dinner in the City. And that’s before we even get to the less well-publicised benefits of the line such as its exits for the Barbican at Farringdon or direct connection to north-bound rail services at Moorgate. It’s likely Londoners will continue to discover unexpected routes and delights as the months roll by.

Now that the trains are running to their final timetable, it makes more sense than ever for buyers to look at properties near the Liz Line’s stations.

Take Aspen At Consort Place, for example. Located on Marsh Wall on the Isle Of Dogs, it’s less than a 10-minute walk to Canary Wharf’s

towers

skyline a placeon the

find a lifestyle transport links eat and drink amenities, culture DLR, Tube, Liz Line, Bus, Boat near Far East Consortium Canary Wharf canarywharf.com

A key benefit of living on the Isle Of Dogs is its proximity to the Wharf’s myriad amenities.

The Space space.org.uk

Head down the Island to discover this fabulous arts centre in a converted church

Aspen at Consort Place is located less than a 10-minute walk from Canary Wharf’s Elizabeth Line station with Jubilee and DLR stations closer still. Along with nearby bus stops and a pier served by the Uber Boat By Thames Clippers vessels, this makes it one of the best connected places to live in the whole of London

Oysteria oysteria.co.uk

Enjoy some of the freshest seafood in London at this restaurant in Canary Wharf.

Liz Line station, meaning residents there can be in Soho in about the same amount of time as it takes to walk to the bottom of the Island.

When complete, the Far East Consortium development’s main tower will stand 217metres tall, housing 495 apartments ranging in size from studios to three-beds.

Prices at the 65-storey tower start at £555,000 with residents able to access on-site facilities such as a 63rd-floor Sky Lounge, private dining rooms, a business lounge, a screening room and a winter garden. There will also be a wellness suite featuring a steam room, sauna, pool and gym as well as a first floor family club with outdoor play area and games room.

The project also includes a 231-room, four-star Dorsett Hotel with a roof top bar on its 22nd floor and will see the on-site North Pole pub fully refurbished and brought back into use as a watering hole.

“The whole idea is that Consort Place is a new destination people come to – it encompasses many things with a hotel, affordable housing and the residential tower,” said Angela Walsh, FEC’s director of sales and marketing. Prospective buyers can view show properties for the development at FEC’s nearby marketing suite – also on Marsh Wall.

Go to aspen-canarywharf.com for more information or to register your interest

Mallow mallowlondon.com

Visit this newly opened plant-based restaurant at Wood Wharf.

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Left, how Aspen’s main entrance will look when work on the Marsh Wall development is completed

An artist’s impression of how Aspen will look amid

the

of the Canary Wharf skyline

ABBEY WOOD WOOLWICH CUSTOM HOUSE WHITECHAPEL CANARY WHARF LIVERPOOL STREET

how Dock28 by Fairview New Homes offers buyers the chance to see into the future

finding an escape on the water

by Jon Massey

Around each Elizabeth Line station, ripples of development spread. Take Woolwich, for example. A great deal of regeneration had already taken place on land directly around the Liz Line’s local stop.

But increasingly developers are looking to the future – keen to tempt buyers to calmer areas that nevertheless also benefit from the railway’s rapid connections.

While prices and full details have yet to be released, those looking to get in on the ground at a new-build scheme should consider the forthcoming launch of Fairview New Homes’ Dock28 off Pier Way in SE28.

This development promises podium gardens, public green spaces and a residents’ roof terrace, all located within a three-minute walk of the Thames.

There’s water even closer too, with the scheme stretched out along Broadwater Dock – a lengthy strip of blue space plunging south towards Plumstead from the river. Residents will also easily be able to access Gallions Park and Lake St Nicholas – both located about a nine-minute walk from the scheme.

For commuters, Woowich Elizabeth Line station is a little under 15 minutes’ walk for eight-minute onward journeys into Canary Wharf.

While Dock28 is yet to officially launch, prospective buyers can now register their interest in the development online or by calling 020 3432 8149. Go to fairview.co.uk for more

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find a lifestyle

transport links eat and drink fitness, culture Liz Line, Rail, DLR Woolwich

7R - The Training Club

7r-gym.com

This gym boasts pro facilities, elite personal training and regular conditioning classes.

Tramshed tramshed.org

Discover this theatre company and community arts hub in central Woolwich.

In addition to the Elizabeth Line at Woolwich, Dock28 also benefits from being within easy walking distance of Plumstead station for connections to Greenwich and central London. Residents will also be able to walk 20 minutes to access the DLR for Royal Docks –including a direct link to London City Airport

Salt Woolwich

saltbeerfactory.co.uk

Find craft beer and pizza on the way to or from Woolwich station from Dock28

Boulangerie Jade

boulangeriejade.com

Discover something sweet at this bakery, patisserie and coffee shop at Royal Arsenal.

An artist’s impressions of how Dock28 will look when finished

ABBEY WOOD WOOLWICH CUSTOM HOUSE WHITECHAPEL CANARY WHARF LIVERPOOL STREET

how Royal Arsenal Riverside has been pulled closer to the City by the Liz Line

by Jon Massey

After moving to London in November 2021, I started renting a room in a three-bedroom apartment in Marylebone for £1,600 – a 15-minute walk to my office in Fitzrovia,” said Piyush Poddar

“Then I realised that a large proportion of my salary was going on rent for the Zone 1 property – money I could have been putting towards a mortgage.

“Connectivity was most important to me but I also wanted a new-build home with sustainability credentials.”

Following extensive research, the management consultant decided to focus on properties built by Berkeley, going on to purchase a home at its Royal Arsenal Riverside scheme in Woolwich.

“Door to door, my journey to work is now 35 minutes via the Elizabeth Line,” he said. “For an extra 20 minutes travel, I am now on the housing ladder and my mortgage and service charge cost me £1,400 a month.

“Not only am I £200 a month better off, but I have the security of knowing what my property expenses are going to be for the next five years – avoiding the potential increases in rent others are facing.”

Piyush’s story is perhaps emblematic of the boost in connectivity that the Liz Line has brought to areas like Woolwich – an attraction that is now being discovered by a wide range of Londoners.

“My work often requires me to travel across London and sometimes abroad. Now, I have access to different forms

find a lifestyle transport links hospitality + theatre shopping, culture Crossrail, DLR, Rail, River Woolwich Royal Arsenal Market gcda.coop

This market runs every second and last Saturday of the month, 10am-3pm.

woolwich.works

This massive cultural complex offers live venues for music, comedy and spoken word.

In addition to the Elizabeth Line at Woolwich’s new Crossrail station, the town is also served by rail services, the DLR and Uber Boat By Thames Clippers, making it very well connected. There’s also the regular Woolwich Ferry and the Woolwich Foot Tunnel, connecting the area to Royal Docks for cyclists and pedestrians.

The Guardhouse guardhousewoolwich.co.uk

This warm, inviting pub stands at the gateway to Royal Arsenal Riverside.

of transport on my doorstep as well as a direct train to Heathrow,” he said. “When friends come to visit, they comment on how quick and easy it is.

“As a self-confessed history nerd, I love telling people about the history of the buildings. The character of Royal Arsenal Riverside is unlike any other development. It is amazing to think that my building was built in 1802 for the construction of gun carriages.

“Inside, I have been incredibly impressed with the build quality and the standards – even in the winter when I have been away, I have come back and the apartment does not feel cold.”

Berkeley sales and marketing director Lyndon Nunn said: “While Royal Arsenal Riverside is already a fantastic place with lots of facilities, amenities and a buzzing community, it is also one of the best connected developments in London.

“Due to this, many customers have decided to buy and become home owners rather than rent, which in some cases has also reduced their monthly outgoings.”

Prices for a one-bedroom home in the Seafarers Wharf phase of Royal Arsenal Riverside start at £447,500. Selected properties can be reserved with a 5% deposit plus a 5% contribution from Berkeley plus a 90% mortgage with Metro Bank. Full details are available online.

Go to berkeleygroup.co.uk for more

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Woolwich Works

The Burnt City punchdrunk.com Based at Woolwich Works, this immersive production is currently on site

view more than a connected by

Above, show home interiors at Seafarers Wharf

Royal Arsenal Riverside buyer Piyush Poddar

£3,000 PCM - FURNISHED OR UNFURNISHED 2 bedrooms

7189 canarywharf@hamptons.co.uk

SEACON

£3,750 PCM - FURNISHED

£2,400 PCM - FURNISHED OR UNFURNISHED

020 4502 7189 canarywharf@hamptons.co.uk

HAMPTONS.CO.UK

This impeccable two bedroom, two bathroom penthouse apartment offers panoramic views across the Thames, central London and Canary Wharf. EPC: B

This well presented two-bedroom apartment is situated on the first floor and includes a private terrace. The apartment is well positioned for Island Gardens DLR station. EPC: C 020 4502 7189 canarywharf@hamptons.co.uk

ST DAVID’S SQUARE, E14

TOWER, E14

EAST FERRY ROAD, E14

A stunning two bedroom family home with garden room located on the Isle Of Dogs, within easy reach of both Island Gardens and Mudchute DLR stations and close to Canary Wharf College. EPC: D 020 4502

SPRATTS BUILDING, E14

GUIDEI£1.5MILLION LEASEHOLD

Set within one of the first warehouse conversions in London and forming part of the Langdon Park conservation area, is this substantial 2,800sq ft duplex apartment. Parking included. EPC: D 020 3930 4069 canarywharf@hamptons.co.uk

PIERHEAD LOCK, E14

GUIDEI£425K-£450K LEASEHOLD

A rare 600sq ft one bedroom apartment with a sizeable south facing terrace. This spectacular apartment has lovely views towards the Thames and includes secure parking. EPC: C 020 3930 4069 canarywharf@hamptons.co.uk

OLD SCHOOL SQUARE, E18

GUIDEI£600K-£625K LEASEHOLD

2 bedrooms 2 bathrooms 1 reception room

Spread over the top two floors of this Victorian school conversion, this huge 1,158sq ft apartment has a fabulous open plan living room and dining area and two large double bedrooms. Includes parking and a south facing roof terrace. EPC: C 020 3930 4069 canarywharf@hamptons.co.uk

HAMPTONS.CO.UK