6,877sq ft
Total interior space of the house and buildings at Vanbrugh Terrace, currently on the market with an asking price of £6.25million
how this property in Blackheath blends period features with modern technology and plenty of garden
Vanbrugh Terrace, SE3 Guide: £6.25million - freehold
The imposing Victorian houses facing onto Blackheath are perhaps some of the most desirable properties in this part of London.
This example, located on the corner of St Johns Park and Vanbrugh Terrace has been extensively restored and modernised by interior design firm Leon Black. Period features have been painstakingly renewed with historically appropriate materials. French oak floorboards, riven flagstones and marble chimneypieces have been paired with Venetian and polished plaster finishes on wall surfaces throughout, suitable to the house’s Victorian structure. However, the finished five-bedroom configuration also includes a Crestron control system to handle lighting, heating and security. There’s even built-in speakers, air
conditioning and underfloor heating in most rooms.
Dating from around 1852, this is only the second time this five-bedroom property has come onto the market in the past 80 years. So what’s on offer?
In short, a lot. Spread over four storeys (plus a separate summer house and garage), the house boasts a large kitchen, family room and guest room on its lowest level. The ground floor features a dining room, library and a morning room, while the first floor is spilt equally between a vast drawing room and the principal en suite bedroom, with the other four bedrooms upstairs. This is an expansive, luxurious home that comes with a massive garden.
key details
Vanbrugh Terrace is currently on the market with estate agency Inigo. Call 020 3687 3071 or email viewings@inigo.com for full details. Go to inigo.com for
The library overlooks the back garden
The principal bedroom has its own balcony
Located on a corner, the detached home is wrapped in well kept gardens
The kitchen has a separate cold store and utility area
The property includes a summer house and garage
Minimum deposit required on a percentage of a shared ownership home at SO Resi Canning Town, which could be as little as £4,906 5%
A show home is set to launch at the scheme this month
how homes at SO Resi Canning
Town offer an alternative to the expense and insecurity of renting
by Jon Massey
Renting in London is a daunting situation for first-time buyers, many of whom feel they have no choice but to accept sub-par conditions for an extortionately high price,” said Kevin Sims, director of affordable housing provider SO Resi.
His statement is backed up by data. Property portal Zoopla’s latest report on the rental market found that around 21 people were competing for each new listing appearing on its site nationwide, let alone in London.
The organisation’s most recent rental report also found the average monthly rent in the capital was £2,172 – almost 70% higher than the UK average.
While the forthcoming Renters Rights Bill may go some way to addressing issues in the sector for tenants, the changes are not expected for many months, which will be of scant comfort to those renting now.
“There is a solution, however, and that is shared ownership,” said Kevin. “The scheme offers a low-deposit route onto the property ladder and many buyers of such homes find their monthly repayments are lower than renting in the capital.
“With shared ownership, Londoners finally have the chance to build up equity in their property and find the peace of mind that comes with home ownership.”
Locally, SO Resi Canning Town is currently offering one, two and three-bedroom shared ownership homes located at Manor Road Quarter – a latest development by the English Cities Fund.
The scheme is located a few minutes from Tube, DLR and bus links at Canning Town station and enjoys the many benefits of the area’s extensive regeneration.
Shared ownership o ers a low-deposit route onto the property ladder. Many nd repayments are lower than renting in the capital
For example, there’s craft beer at Husk’s taproom, modern Italian food at Pepenero, a bouldering facility at Rise Climbing and outdoorsy activities at Bow Ecology Park and environmental community project, Cody Dock.
But what will buyers actually be getting at the scheme? SO Resi – part of Metropolitan Thames Valley Housing, the fifth largest housing association in the UK – is set to launch a show home at the development on September 26 so interested parties can get a feel of what’s on offer.
Apartments come complete with fitted kitchens and bathrooms, fully integrated Zanussi kitchen appliances, and solid timber floors.
They feature open-plan layouts – with total living space ranging from 556sq ft to 971sq ft – and each has a private balcony as well as plenty of storage.
getting on the ladder
Buying a share in a property is affordable and may be attractive for multiple reasons. Firstly, the amount of deposit a buyer requires is lower. The scheme allows people to purchase between 10% and 75% of a home (although usually starting at 25%), while paying below market rent on the rest, alongside a service charge.
That means buyers could purchase their share with a mortgage and potentially only need 5% of its value as a deposit –£4,906 at SO Resi Canning Town, for example.
Buyers are free to live in their homes as though they owned the whole thing with no threat of eviction. If desired, they can also choose to increase their share in a process known as staircasing until they own the property outright.
key details
Prices at SO Resi Canning Town start at £98,125 for a 25% share of a one-bedroom apartment (based on a full market value of £392,500).
A new show home is set to launch at the development on September 26. Go to sharedownership.co.uk for more information
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SO Resi Canning Town is located at Manor Road Quarter
Kevin Simms, SO Resi
