london homes & property (east) june 2011

PROPERTYLONDON HOmes&

S h o w c a S i n g t h e f i n e S t h o m e S i n y o u r a r e a

covering canary wharf, DocKLanDS, waPPing & the city

W e are half way through 2011 now, and what a year it’s been already. We loved watching the Duke and Duchess of Cambridge tie the knot at the end of April, a thoroughly royal affair which delivered on all the style

levels we had hoped it would.

Now it’s onto preparing for the next big London event, the Olympics 2012, which will bring some much welcomed pomp and ceremony to the capital for three wonderful weeks. Property prices and rental costs are already seeing the benefits of this event, with many residents choosing to vacate the city for a month to make the most of the high rental yields expected over the course of the sporting month.

Our Development Focus this month features a unique property in up and coming Woolwich, a development which matches modern panache with classic period character, (p.158). We also look at some of the most exciting new properties to come on to the market (p.156), as well as considering what’s happening in your local area (p.126) and speaking to the experts about mortgages (p.160) and the current state of the market (p.150).

Happy hunting...

Welcome note...june


Hotel Sezz Saint Tropez © Manuel Zublenawww.designhotels.com


S h o w c a S i n g t h e f i n e S t h o m e S i n y o u r a r e a

covering canary wharf, DocKLanDS, waPPing & the city

Editorial DirectorKate Harrison

EditorEmma Mills

Assistant EditorGabrielle Lane

Head of DesignHiren Chandarana

Senior DesignerDalton Butler

DesignerAshley Lewis

Production ManagerFiona Fenwick

ProductionDaniel Harris

Senior Property ManagerSamantha Ratcliffe

Finance ManagerElton Hopkins

Managing DirectorEren Ellwood

RUNWILDM E D I A G R O U P

Runwild Media Group cannot accept responsibility for unsolicited

submissions, manuscripts and photographs. While every care is taken, prices and details are subject to change

and Runwild Media Group take no responsibility for omissions or errors.

We reserve the right to publish and edit any letters. All rights reserved.

16 Heron Quay, Canary WharfLondon E14 4JB

T: 020 7987 4320F: 020 7005 0045

[email protected]

contents

living local126 AreaNews

150 StateoftheMarket

newhomes156 PropertyLatest

158 DevelopmentFocus

160 MortgageUpdate

156

126

living local

London City Airport goes from strength to strengthLondon City Airport has played a pivotal role in the development of East London in recent years and recently celebrated the doubling of passengers visiting London via the airport. In April alone passenger numbers topped 231,056, a massive 31 per cent increase on the 175,917 passengers in April 2009.

“London City Airport has created a niche product, with its close proximity to the centre, quick rail and ground connectivity and fast track service, making the airport a popular choice for the time sensitive passenger,” says chief executive officer, Richard Gooding.

“East London is a thriving district which has seen significant regeneration and development over the past decades. The airport has been at the core of this rejuvenation, generating inward investment while delivering a leading service to some of the most renowned organisations in the world.”

Numerous new routes are being added to the airport’s roster on a regular basis, such as CityJet’s recent additions to Pau, Florence, Avignon and Toulon (for St Tropez).

And in response to high demand from London City Airport travellers, BA CityFlyer, the wholly-owned subsidiary of British Airways that operates the airline’s London City services, has announced greater access to holiday favourites with new routes to Malaga and Faro.

Transport latest…Not only has the £325m Docklands Light Railway upgrade been completed, but it came in on time and within its budget.

The upgrade, giving a 50 per cent increase in capacity, will mean three extra cars per train so that next year it will be possible to transport 55,000 people to the Olympics each day.

The project, which started in 2007, has included longer platforms and improved tracks and signalling, £13m improvements to Tower Gateway station and a new station at South Quay.

MotorexpoBack for the sixteenth year, from 6 - 12 June, Motorexpo will transform Canary Wharf into a paradise for car lovers with an astonishing array of vehicles from across the automotive spectrum.

Set to be the biggest event in Motorexpo history, the world’s leading motor manufacturers including Bentley, BMW, Jaguar, Land Rover, Mazda, Mercedes-Benz and Skoda will be showcasing their very latest vehicle line-ups.

did you know?More than 600 houses had to be demolished, including one reputedly once owned by Sir Walter Raleigh, in building the first of the two Blackwall Tunnels, which opened in 1897.

The move by BA to boost their Spanish routes from London City Airport is part of a wider improvement for holiday travellers with a 39 per cent increase in leisure flights from the capital’s airport for the summer season. Some existing flights will enjoy increased frequency, too, such as BA’s flights to Palma on the island of Mallorca.

British Airways has also increased capacity on its routes between London City Airport and Scotland by more than 23 per cent this year. In May, BA CityFlyer introduced an additional daily service from London City to both Glasgow and Edinburgh.

Capacity on the Glasgow route has increased

By Ben West

areanews

127

Asian buyers target Docklands

Canary Wharf and Docklands estate agents are finding that an increasing proportion of their clients are coming from Asian countries. “We have historically experienced high demand from international and UK investors looking to buy into this burgeoning property market,” says Cory Askew, director of the Chesterton Humberts Canary Wharf and Docklands office. “However, recently a greater proportion of our investing clients are predominantly from China, Singapore and Malaysia.

“Such buyers are invariably looking for brand new or nearly new apartments close to Canary Wharf. The smaller the better; studios and one-beds are always the highest in demand.”

Investors are enjoying gross yields of around six per cent, particularly for one-bedroom apartments, which have seen a surge in rental value in 2011 due to their current rarity.

“As the Olympic Games draw nearer, appetite for investment into the area will continue to grow,” says Askew. “Beyond the Games, the long term prognosis is very positive, aided by the completion of the monumental Westfield Stratford shopping mall and the ten-year Wood Wharf project.”

127

by 32 per cent, representing more than 30,000 seats each way in a full year. BA’s capacity on the Edinburgh route has increased by 15 per cent.

The improved schedule will mean a new 7.45am service from Edinburgh to London City and an 8.50pm service from the Docklands airport to the Scottish capital.

“Our routes between London City and both Glasgow and Edinburgh continue to prove popular with business and leisure travellers alike,” says Luke Hayhoe, commercial manager, BA CityFlyer. “The airport’s location, at the heart of London’s financial district, obviously makes it ideal for commuting between the

Docklands and Scotland’s two major cities, both of which have a strong financial services sector.”

However, leisure passengers are also becoming increasingly aware of just how convenient London City Airport is for the centre of London for those wanting to take in the sights or a West End show in the city’s Theatreland district.

“Our new schedule between London City and Edinburgh means we now have three services departing Edinburgh before eight in the morning. And our new late evening flight from London City at 8.50pm, will give business customers the opportunity to extend their working day should they need to do so,” finishes Luke.

KnightFrank

Meridian Place, E14 One bedroom flat with Canary Wharf viewsThis one bedroom flat is situated in a quiet development close to Canary Wharf and comes with private parking.

Leasehold

£320,000

KnightFrank.co.uk020 7512 9966 [email protected]

Wingfield Court, E14 Two bedroom flat for sale with private balconyA well proportioned two bedroom apartment situated in the ever popular Virginia Quay.

Leasehold

£360,000


Hutchings Wharf, E14 Stunning two bedroom apartment with river viewA beautifully presented two double bedroom apartment which has been refurbished to the highest standard. The property has a fantastic river view, generous balcony and two off street gated parking spaces.Leasehold

£440,000


Anchorage Point, E14 Two bedroom apartment in popular locationA well presented apartment on the first floor of this popular portered development situated at the top of Westferry road allowing simple access to Canary Wharf and its amenities.

Share of Freehold

£450,000


Conrad House, E14 An immaculate top floor property with private balconyThis well proportioned two bedroom apartment is brought to the market in excellent condition. Located within a quiet and well maintained development in the heart of Limehouse, the property also benefits from a 24 hour concierge.

Leasehold

£499,000


Old Sun Wharf, E14 Duplex apartment with river viewsFar reaching river views are available from this lovely two bedroom apartment situated on Narrow street. The apartment is presented in good internal order and with a lovely Juliette balcony looking onto the river.Share of Freehold

£550,000


KnightFrank

Conrad House, E14 An immaculate top floor property with private balconyThis well proportioned two bedroom apartment is brought to the market in excellent condition. Located within a quiet and well maintained development in the heart of Limehouse, the property also benefits from a 24 hour concierge.

Leasehold

£499,000


Wotton Court, E14 Three bedroom penthouse with river views.A spectacular three double bedroom penthouse with a large wrap around terrace situated in the popular Virginia Quay development.

Leasehold

£529,950


Old Sun Wharf, E14 Duplex apartment with river viewsFar reaching river views are available from this lovely two bedroom apartment situated on Narrow street. The apartment is presented in good internal order and with a lovely Juliette balcony looking onto the river.Share of Freehold

£550,000


Dunbar Wharf, E14 Three bedroom apartment with river views.Located in one of Limehouse’s most sought after developments is this stunning three double bedroom apartment with balcony offering far reaching Thames views.

Leasehold

£1,200,000


KnightFrank

Fantastic one bedroom apartment in the Burrells Wharf development. Reception/dining room, fully fitted kitchen, double bedroom, bathroom. The development is located in a quiet area off Westferry Road and is close to the main bus routes and the DLR is a short walk away for quick access to the Wharf and City. The property also boasts 24 hour estates office, parking, swimming pool and gym.

£265 per week


Sextant Avenue, Canary Wharf, E14Knight Frank are delighted to offer this two double bedroom, one bathroom furnished house. Accommodation comprises of a reception/dining room, fully fitted kitchen and modern bathroom. Benefits include a patio garden which overlooks the River Thames and offers views across to Greenwich. Island Gardens DLR is within very close proximity for quick access to Canary Wharf and The City.

£360 per week


Westcombe Park Road, Greenwich, SE3We are delighted to offer this two bedroom lower ground floor apartment closely located to Greenwich Park. This apartment has been tastefully refurbished throughout and benefits from solid oak flooring, a contemporary kitchen, a large living room and two immaculate bathrooms.

£675 per week


We are delighted to offer this stunning apartment located within the best development in Canary Wharf. This apartment offers views straight into the heart of the City and amazing views of Canary Wharf. The apartment is extremely spacious, with a breathtaking reception, a dining area residing alongside the modern fully fitted kitchen, ideal for entertaining. The property benefits from two double bedrooms, two bathrooms.

£725 per week


Milligan Street, Canary Wharf, E14We are delighted to offer this three bedroom house. The accommodation comprises of a large living room area and a refurbished kitchen at the rear of the property which provides easy access out to the rear garden which has been half decked for low maintenance. This property also provides secure off street parking.

£450 per week


Nelson Road, Greenwich, London SE10We are delighted to offer this 3 storey unfurnished period property set in the heart of Greenwich village. This property has been refurbished throughout and offers four double bedrooms with two en-suite bathrooms. Greenwich DLR station is within a few minutes walk and this provides easy access back into Canary Wharf and the City.

£750 per week


Taffrail House, Burrells Wharf, Canary Wharf, E14

Berkeley Tower, Westferry Circus, Canary Wharf, E14

KnightFrank

Milligan Street, Canary Wharf, E14We are delighted to offer this three bedroom house. The accommodation comprises of a large living room area and a refurbished kitchen at the rear of the property which provides easy access out to the rear garden which has been half decked for low maintenance. This property also provides secure off street parking.

£450 per week


Arran House, Raleana Road, Canary Wharf, E14Superbly presented split level 3 double bedroom apartment within walking distance of Canary Wharf and is situated on the Dock providing fantastic dock and river views. There is a large light and bright living/dining room with added storage area as well as fully fitted modern kitchen. A large garage is included as well as parking outside the garage offering a rare chance to park two cars. Available furnished.

£550 per week


Nelson Road, Greenwich, London SE10We are delighted to offer this 3 storey unfurnished period property set in the heart of Greenwich village. This property has been refurbished throughout and offers four double bedrooms with two en-suite bathrooms. Greenwich DLR station is within a few minutes walk and this provides easy access back into Canary Wharf and the City.

£750 per week


Berkeley Tower, Westferry Circus, Canary Wharf, E14We are delighted to offer this fantastic apartment. Accommodation is extremely spacious and beautifully styled, with a bright reception, a dining area residing alongside the modern fully fitted kitchen, ideal for entertaining. The property benefits from three double bedrooms all with en-suites finished in marble stone. This truly is a most stylish apartment, so early viewing is recommended. The property is available furnished to a very high standard.

£1300 per week


Two bedroom apartment in Tower Hill A lovely two bedroom two bathroom apartment set in this central block moments from Tower Hill and St Katharine’s Dock. This bright flat boasts a fully fitted kitchen, high ceilings, dual aspect rooms and garden views. Available furnished.

£595 per week

knightfrank.co.uk/[email protected] 7480 6848

Trinity Square, London, EC3N

KnightFrank

NEO Bankside, Holland Street, Southbank, SE1 Stylish new two bedroom apartment This stunning apartment comprises of two bedrooms, two bathrooms (one en-suite), a modern well-equipped kitchen and a spacious living room with floor to ceiling windows that lead out to a lovely winter garden, perfect for summer entertaining. Providing ample storage including a walk-in wardrobe and laundry cupboard, this is the first phase of the new NEO Bankside development designed by the international, award-winning architects Rogers Stirk Harbour + Partners.

£875 per week

knightfrank.co.uk/[email protected] 7480 6848

KnightFrank

savills.co.uk

city tower, e14lanterns court, e14

Galaxy BuildinG, E14 discovery dock west, E14

Reception room Fitted kitchen 4 bedrooms 3 en suites family bathroom large balcony 3 parking spaces riverside views concierge 24 hr security and leisure facilities available

Reception room kitchen 3 bedrooms 3 bathrooms 3 balconies parking space 24 hr concierge

Reception room kitchen 3 bedrooms 2 bathrooms terrace balcony w.c parking concierge

Reception room kitchen 3 double bedrooms (1 en suite) family bathroom 3 balconies entrance hall parking concierge gym swimming pool and leisure facilities

£1.49995 million Leasehold £1.35 million Leasehold

£650,000 Leasehold£885,000 Leasehold

Savills Canary Wharf [email protected] 020 7531 2500 Savills Canary Wharf [email protected] 020 7531 2500

Savills Canary Wharf [email protected] 020 7531 2500Savills Canary Wharf [email protected] 020 7531 2500

savills.co.uk

Lith haLL, e9Bermondsey street, se1

shearwater Court, e1w wapping high street, e1w

Reception room kitchen bedroom bathroom balcony dock views concierge protected parking

Reception room open plan kitchen / dining room 3 bedrooms 2 bathrooms off street parking patio / garden

Reception room dining room / open plan kitchen 6 bedrooms 6 bathrooms cinema room study gym / playroom patio balcony

Reception room guest cloakroom 4 bedrooms 3 bathrooms kitchen / dining room roof terrace

£550,000 Leasehold £635,000 Freehold

£6 million Freehold£3.1 million Freehold

Savills Docklands [email protected] 020 7456 6800 Savills Docklands [email protected] 020 7456 6800

Savills Docklands [email protected] 020 7456 6800Savills Docklands [email protected] 020 7456 6800

savills.co.uk

city quay, e1wPan Peninsula east, e14

Gun Place, e1w belGrave court, e14

2 bedrooms 2 bathrooms (1 en suite) reception room private parking porterage

2 bedrooms 2 bathrooms (1 en suite) reception room separate kitchen gated 5* estate private parking landscaped communal gardens porterage 24 hr security

2 bedrooms 2 bathrooms (1 en suite) balcony views of St Katharine Docks private parking 24 hr security

2 bedrooms 2 bathrooms reception room parking waterside location residents cinema and sky bar spa facilities communal gardens 24 hr security porterage

£495 per week Furnished £595 per week Furnished

£775 per week Furnished£675 per week Flexible Furnishings

Savills Docklands [email protected] 020 7456 6800 Savills Canary Wharf [email protected] 020 7531 2500

Savills Docklands [email protected] 020 7456 6800Savills Canary Wharf [email protected] 020 7531 2500

In the latest UK Business Superbrand charts, Savills was voted No.1 brand* in the real estate sector

for the 3rd consecutive year.

Everyone likes accolades, but the real benefit is for you.

Because if you’re selling or letting your home, having the most powerful brand on your side can help give your property real profile,

and a tangible edge in the market.

If you’ll thinking of selling this summer, call us now for professional advice or a free market appraisal.

We’ve made No.1

our home.

savills.co.uk

Savills Canary Wharf4 Westferry Circus London E14 4HD 020 7531 [email protected]

* 2011 Business Superbrands, administered by The Centre for Brand Analysis.

Savills Wapping80 Wapping High Street London E1W 2NE 020 7456 [email protected]

SA54969 Canary Wharf Superbrands WPB.indd 1 25/5/11 13:19:20

a

Sales

www.kingsturge.co.uk Canary Wharf Office - 020 7715 9700 [email protected]

With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Eaton House, London, E14 £430,000An immaculate one bed apartment situated on the 7th floor of the prestigious Canary Riverside offering panoramic views. Benefits include good sized bedroom with en-suite bathroom and separate WC, separate kitchen, reception with balcony and 24hr concierge. Parking is included.

West India Quay, London, E14 £975,000This amazing 1568ft² one bedroom duplex apartment is the finest we have seen. Double height ceilings, floor to ceiling glazing with unrivalled panoramic views, parking, concierge and access to room service from the neighbouring 5 star Marriot hotel. West India Quay DLR.

Pan Peninsula, London, E14 £650,000A highly desirable 29th floor luxury two bed presented in immaculate condition with parking. The development has 24hr concierge, gym and spa facilities and is regarded as the the premier block in the area. Situated next to South Quay DLR station and only a short walk to the extensive amenities of Canary Wharf.

Langbourne Place, London, E14 £795,000Stunning three bedroom, two bathroom duplex penthouse with an abundance of outside space, luxury bespoke finishes and spectacular river views. Secure parking / located close to Mudchute DLR.

Boardwalk Place, London, E14 £599,950Exceptionally bright and recently refurbished, spacious THREE bedroom flat offering full marina views from virtually every room. Located just minutes walk from Canary Wharf and all it has to offer, the flat benefits from a 24hr concierge and a secure parking space.

Pan Peninsula East, London, E14 £400,00020th floor one bedroom south facing apartment with stunning dock views. Luxury finishes and facilities including gym, spa, swimming pool, 24hr concierge, residents cinema and 50th floor cocktail bar. Well placed for South Quay DLR & Canary Wharf amenities.

Waterman Building, E14 £1,799,950A spectacular four bed, three bath duplex penthouse boasting over 2220sqft of internal space, with unparalleled views from four stunning terraces. Bespoke finishes throughout provide unique living accommodation quite unlike any other. Superb location. Viewing highly recommended.

Port East Apartments, London, E14 £780,000A stunning 1300ft² split level Grade 1 listed two bedroom, two bathroom warehouse conversion. Modern fitted kitchen and open plan lounge with access to a private balcony. Rarely available and only metres away from the business district. Includes parking and 24hr concierge.

Pan Peninsula East, London, E14 £399,950A contemporary 9th floor one bedroom apartment finished to a high specification with well proportioned living space, balcony and panoramic views. Unrivalled facilities include gym, pool, health spa, restaurant and amazing rooftop cocktail lounge.

a

Lettings

Ontario Tower, E14 £300pwThis stunning studio apartment is situated on the 13th floor of the prestigious Ontario Tower building and features solid wood flooring, comfort cooling, on-site leisure facilities, lift and concierge services. Blackwall DLR. Available 27th May 2011.

Landmark West, E14 £380pwStunning one bedroom 27th floor north facing apartment offers views towards Canary Wharf. 24hr concierge, and gym. Close to Heron Quay DLR and Canary Wharf Jubilee Line. Available now fully furnished to the highest standard.

Constable House, E14 £395pw

Beautifully furnished, spacious two bedroom, two bathroom apartment available to rent on the 2nd floor of Canary Central. Situated close to South Quay DLR station and Canary Wharf. Available June 2011 fully furnished with secure parking.

www.kingsturge.co.uk Canary Wharf Office - 020 7715 9700 [email protected]

With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Landmark East, E14 £540pwStunning two bedroom 17th floor luxury apartment offering dual aspect views towards Canary Wharf and the 02 Arena. Extra benefits include residents gym and 24hr concierge. Close to Heron Quay DLR and Canary Wharf Jubilee Line.

Keepier Wharf, E14 £1300pwStunning apartment, offering three double bedrooms, three bathrooms and amazing dual aspect views of Canary Wharf and the Thames. Presented fully furnished in excellent condition with secure parking. Easy access to Limehouse DLR and Canary Wharf.

Arran House, E14 £525pwStunning and spacious three bedroom apartment located on the third floor of this contemporary development with large balcony. The apartment boasts dock, river and Canary Wharf views and has allocated parking and a garage.

Berkeley Tower, E14 £725pwA beautiful and spacious apartment in prestigious Canary Riverside. Approx 1200ft² with views over the River Thames and towards Canary Wharf. Canary Wharf within easy walking distance. Furnished.

An amazing four bedroom, three bathroom house available to rent close to East India DLR. The house benefits from, three bathrooms, large separate kitchen with breakfast area, garage, lovely garden and three balconies. Available 9th July 2011.

Two bedroom, two bathroom recently completed apartment. Located on the 2nd floor of this secure canal side development, property is fully fitted and furnished to a high standard. Private balcony offers courtyard views and floor to ceiling windows. Available 25th July 2011.

Frances Wharf, E14 £360pw

Jamestown Way, E14 £550pw

Estate Agents | Land & Development Consultants

Country Properties

Henham, Hertfordshire £POASpringate is a superb property situated on the outskirts of the picturesque village of Henham. With a thatched roof and rendered exterior, the house is a superb example of an Essex cottage transformed into an airy and stylish home. Additional amenities which form part of this property ensure a tranquil and relaxing lifestyle. The accommodation has been significantly improved and sympathetically upgraded by the current owners to a remarkable standard. Featured in Period Living magazine; work on the property has been carried out by leading craftsman. Accommodation comprises; a hall area, kitchen/breakfast room with utility room, separate wc, garden room, sitting area, master bedroom suite includes fitted walk in wardrobe and bathroom, balcony with magnificent views across open countryside. There is also a studio flat/music/entertainment room on 2 levels, with built in kitchen. Pool complex with jacuzzi and integrated sound system. Stable block 1.5 acre paddock has 2 stables, 2 large store rooms. Close to Elsenham Station and the M11 and Stanstead Airport is within easy reach.

Contact Adam Dockley on 020 7519 5920 or [email protected]

www.alanselby.co.uk

Estate Agents | Land & Development Consultants

Country Properties

Westland Green, Hertfordshire £POAThis Grade II* country residence offers spectacular views across the open Hertfordshire countryside and originally dates back to the Doomsday book. The property boasts an abundance of space and character incorporating a bespoke kitchen, breakfast area and Westbury conservatory. With 4 further reception rooms, master bedroom with en-suite and dressing room, 4 further bedrooms 2 with en-suites. Externally the property offers approximately 3 acres, including a walled garden, tennis court and pond, external office, double garage and various stores. Situated between two historic market towns of Bishops Stortford and Hertford with rail links to London Liverpool Street and Moorgate (Hertford North). Also offering excellent vehicular access, with the A10 and M11 within close proximity. This is a unique family home set within a picturesque village surrounded by some of the most beautiful countryside in Hertfordshire.

Contact Adam Dockley on 020 7519 5920 or [email protected]

020 7538 9250 www.lourdes-estates.comLourdes Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP

Medland House, Limehouse, E14• Penthouse apartment• Large terrace• Secure underground parking• Marina views£629,950

SOLD

Fleet House, Limehouse, E14• Two double bedrooms• Two bathrooms• Parking• Marina views£399,950

SOLD

Lamb Court, Narrow Street, E14• Two double bedrooms• Two bathrooms• Secure underground parking• Balcony£349,950

SOLD

Shackleton Court, Isle Of Dogs, E14• Direct river views• Two bedrooms• Two bathrooms• Balcony£335,000

SOLD Actions speak louder

than words.

Contact our sales teamtoday for a free, no

obligation valuation.

Neutron Tower, Virginia Quay, E14• Two double bedrooms• Large balcony• River views• 11th �oor£375,000

SOLD

Chinnocks Wharf, Narrow Street, E14• Two bedrooms• Two bathrooms• Direct river views• Balcony£525,000

SOLD

Millennium Harbour, South Quay, E14• Two bathrooms• Two bedrooms• River views• Balcony£449,950

SOLD

Millennium Drive, Isle Of Dogs, E14• One double bedroom• Secure car parking• River views• Refurbished throughout£275,000

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02075389250 www.lourdes-estates.comLourdesEstateAgents,94-96ThreeColtStreet,Limehouse,London,E148AP

Berglen Court, Limehouse, E14• Three double bedrooms• Floor to ceiling windows• Modern fitted kitchen• Two bathrooms£669,950

The Water Gardens, Limehouse, E14• Two bedrooms• Day porter• Fitted kitchen• Private patio£365,000

Manchester Road, Isle of Dogs, E14• Three bedrooms• One bathroom• Private garden• Separate kitchen£359,950

Ionian Building, Limehouse, E14• Two double bedrooms• Two bathrooms• Third floor• Measures 897 sqft£399,999

Boardwalk Place, Canary Wharf, E14• Two bedrooms• Two bathrooms• Marina views• Car parking£435,000

Dundee Court, Limehouse, E14• Two bedrooms• Recently refurbished• Fully fitted kitchen• Garage and secure parking space£339,950

Dundee Wharf, Limehouse, E14• Two double bedrooms• Two bathrooms• Large reception• Secure underground parking£564,950

Chinnocks Wharf, Limehouse, E14• Two double bedrooms• Two bathrooms• Direct river views• Secure underground car parking£549,950

Actionsspeaklouderthanwords.

Ourhighlysuccessfulsalesteamiswaitingforyourproperty.

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02075389250 www.lourdes-estates.comLourdesEstateAgents,94-96ThreeColtStreet,Limehouse,London,E148AP

Madison House, Limehouse, E14• Two bedrooms• Two bathrooms• Leisure facilities• Secure parking£400 per week

Ocean Wharf, Westferry Road, E14• Penthouse apartment• Three bedrooms• Three bathrooms• River views£1100 per week

Lime Kiln Wharf, Limehouse, E14• Two bedrooms• Two bathrooms• Secure parking• Close to Canary Wharf£400 per week

Ionian Building, Narrow Street, E14• One bedrooms• Fully furnished• 24 hour concierge• Secure parking£350 per week

Elektron Tower, East India, E14• One bedroom• Fully furnished• Leisure facilities• 24 hour concierge£325 per week

Cold Harbour, Canary Wharf, E14• One bedroom• Fully furnished• Secure parking• Close to Canary Wharf£300 per week

Barrier Point, Royal Docks E16• One bedroom• Fully furnished• Leisure facilities• Close to DLR£250 per week

Actionsspeaklouderthanwords.

Ourhighlysuccessfulrentalsteamiswaiting

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Dovecote House, Canada Water, SE16• Two bedrooms• Two bathrooms• Fully furnished• Close to Jubilee Line£395 per week

2011-05-24 14:55:09 94.126.43.186

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020 7488 [email protected]

W A P P I N G

Merganser Court St Katharine Docks E1WA penthouse apartment located in St. Katharine Docks, close to the City, Tower Bridge and the River Thames with two substantial terraceseither side of the property, offering unrestricted views over the dock and towards Tower Bridge. The property represents a developmentopportunity to create additional accommodation on either side of the apartment within the terrace space subject to planning permission

entrance hall | reception room | 3 double bedrooms (2 en suite shower rooms) | bathroom | kitchen | 2 sun rooms | 24hr concierge | secure private

parking | 3 balconies | 2 terraces

Guide price £2,750,000 share of freehold

2011-05-24 14:57:32 94.126.43.186

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020 7407 [email protected]

T O W E R B R I D G E

Spice Quay Shad Thames SE1A fifth floor apartment (approx. 1,759 sq ft) offering stunning views of the River Thames, Canary Wharf and Tower Bridge. With a primecorner position the property benefits from a double aspect and an abundance of natural light via floor-to-ceiling windows. Spice Quay islocated in the heart of Shad Thames, within close proximity of Tower Hill and London Bridge stations

entrance hall | reception room | 3 double bedrooms (2 en suite bathrooms/1 en suite shower room) | kitchen | guest cloakroom | comfort cooling |24hr concierge | communal swimming pool | communal gym | secure underground parking

Guide price £2,150,000 leasehold

Movello Full page ad for Docklands.indd 1 27/05/2011 08:16

W W W . Y O U R - M O V E . C O . U K

Here at YOUR MOVE we know that like people no two homesare the same. We know that discerning buyers look for homeswith distinctive qualities. And we have the experience to marketyour home for maximum appeal.

With a Premier package you receive:

• Valuation of your home carried out by a specialist valuation manager

• Professionally printed sales particulars with large photographs

• Special feature in local press advertising and 'Premier' for sale board

• A premier spotlight on our website www.your-move.co.uk, the UK’s most visited estate agency website*

• Dedicated staff, there at every stage of the process

A N I N D I V I D U A L A P P R OAC H F O R Q U A L I T Y H O M E S

rightmove.co.ukOur properties also appear on...JAMES MUIR

Island Row £499,950 Langbourne Place £299,950

Three bedroom town house in Commercial Wharf located adjacent to Limehouse Basin. This home offers versatile living space including flexible guest accommodation of a ground floor bedroom with separate shower room, a utility room and access to the rear garden. The property comprises a mid level living room with dining area and separate kitchen. The top floor includes master bedroom with en-suite shower, a further double bedroom and a separate bathroom. Integrated garage plus an allocated off-street parking space, a utility cupboard and access to the loft.

A two bedroom raised ground floor apartment in Langbourne Place. Benefiting from Thames River views and occupying a corner position allowing for dual aspect river views from the living room and double doors leading to the communal terrace. The master bedroom benefits from an en-suite bathroom with w.c and direct river views too. A separate shower room with w.c. and an allocated underground parking bay complete this offering. Closest station is Island Gardens DLR. The Greenwich foot tunnel is situated within half a mile of the property.

AN INDIVIDUAL APPROACH FOR QUALITY HOMESDocklands Branch - 0207 987 8900

YOUR MOVE James Muir is a trading name of James Muir Ltd. YOUR MOVE James Muir is an independently owned business, operated under license from your-move.co.uk Limited *Source: Hitwise March 2011

RiverHabitat.co.uk

BelgRave CouRt, e14Two bedroom aparTmenT wiTh sTunning river views and Terrace

n Outside Terracen Second bedroom ideally a single or use as a study n Balcony overlooking the rivern Furnishedn Circa 930 Sq. Ft.

£600 pw

WeStCoMBe PaRK RD, BlaCKHeatH, Se3a fanTasTic four double bedroom house close To greenwich park

n Four Double Bedroom Semi-Detached House n Large Open-Plan Kitchen to Lounge/Dinen Long Rear Garden of Circa. 80 Ft.n Front Driveway with Parking for 2 Carsn Heart of Blackheath. Available 14th of July.

£2,800 pcm

River Habitat

• [email protected] • T: 020 7791 9830 • F: 020 7791 9831 • The Suite LG. 655 Commercial Road, Limehouse, London E14 7LW

BelgRave Ct, CaNaRY RIveRSIDe, e14a superb unfurnished Three double bedroom flaT

n 1,843 Sq. Ft, Wooden Floors Throughoutn South and West Facing Receptionn 3 Double Bedrooms, 3 En-Suite Bathrooms and Cloakroom n Portered Building, 24 Hour Security.n Available Unfurnishedn Underground Car Parking Space

£1,050 pw

eatoN HouSe, CaNaRY RIveRSIDe, e14a beauTiful one double bedroom flaT

£480,000 LEASEHOLD

n 859 Sq. Ft. with Balconyn South Facingn Double Bedroom, Good Sized Reception, Bathroom, Cloakroomn One Underground Car Parking Spacen High Spec including Coil Fan Heating and Cooling Systemn Portered Building, 24 Hour Security

www.liferesidential.co.ukSales | Lettings | Corporate Services | Property Management

London's Finest Properties

LETTINGS SALES

Westgate Apartment,Excel, E16 • A Selection of 1 & 2 Bedroom Apartments• Balcony with River Views• Fully Equipped Gymnasium• Concierge Service• Nr. Custom House DLR

Starting From £260 per week

Seacon Tower, Canary Wharf, E14 • Two Bedroom Apartment• Balcony• 13th Floor• Fully Furnished• Allocated Parking• 24hr Concierge Service

£410 per week

City Peninsula,North Greenwich, SW10 • Two Bedroom Apartment• Balcony• 6th Floor• Fully Furnished• Within Easy Reach of the Thames Clipper• Nr. North Greenwich St

£440 per week

City Walk Apartments, Forest Hill, SE23 • Two Bedroom Apartment• Large Roof Terrace• 5th Floor• Fully Furnished• Nr. Forrest Hill St

£350 per week

Caspian Wharf, Bow E1• Two Bedroom Apartment• Balcony• 6th Floor• Fully Furnished• Nr. Langdon Park DLR & Bow Road station (District and Hammersmith & City Line) underground station. £525 per week

Mulberry Court,Cable Street, E1 • A Selection of 1,2 and 3 Bedroom Apartments• Furnishing Available• Short walk from the City of London• Parking Available• Nr. Shadwell St

Starting From £350 per week

Docklands020 7476 0125

West London020 8896 9990

Deptford & Greenwich 020 8692 2244

Central London020 7582 7989

Finchley020 8446 9524

Lowry House, Canary Central, E14• One Bedroom/One Bathroom• Good Condition Throughout• Moments from South Quay DLR & Canada Square• Concierge and Excellent On-site Leisure Facilities

£275,000

Antonine Heights, City Walk, SE1• 5th Floor• One Bedroom/One Bathroom• Balcony with Far Reaching Views• Good Condition Throughout• Secure Underground Allocated Parking• Close to London Bridge & Borough Tube £349,000

Lanterns Court,lanterns Way, E14 • 13th Floor• Unique 3 Bedroom/3 Bathroom Apartment• Three balconies• Secure Underground Parking• 24hr concierge• Close to Canary Wharf and transport links

£895,000

New Providence Wharf, Canary Wharf, E14• Stunning 10th Floor Apartment• Uninterrupted River Views, Front & Rear• Excellent Condition Throughout• Secure Underground Parking• 24hr Concierge And Exceptional

Leisure Facilities

£555,000

No 1 Pepys St, Tower Hill, EC1• 4th Floor• Spacious One Bedroom/One Bathroom• Exceptional Order Throughout• Secure Allocated Parking• Fully Furnished• Porterage£435,000

Gainsborough House, Canary Wharf, E14• 5th Floor One Bedroom/One Bathroom• Popular Development• Moments From South Quay DLR And

Canada Square• Residents Only Leisure Facilities• 24hr Porterage

£269,950

living local

150

living local

The effecTs of The olympics are sTarTing To show

AlAsdAir CArpenter, Company DireCtor of LourDes

estate agents, Comments on the state of the resiDentiaL

property market

State of the market

t he Docklands property market has now begun to see the first tangible effects of the London 2012 Olympic Games

Not a day passes in my office without a number of enquiries from all over the

globe regarding short-term accommodation during the games. My lettings team are working with media companies, search agents, Olympic committees, serviced apartment organisations, team managers and administrators representing a host of nations.

In addition to short term lettings, we have also now begun to secure longer rental contracts for those involved directly with organising the games. The event managers, planners and operational staff have now descended upon us in droves. With an already buoyant rentals market this is likely to cause further issues for prospective tenants. Landlords will invariably seize the opportunity to capitalise on the market conditions. This could create a further spike in Docklands rental prices. Available properties are already scarce and an influx of tenants will only compound the situation further.

Until now the much anticipated effects of the Olympics on the local property market have been a matter of speculation. Some feared a white elephant of epic proportions and some hoped for a miracle. Finally, we can now lay the speculation to rest, the

world is coming and the demand for accommodation is building daily.

This is also having a knock on effect with the localised residential sales market. Many tenants in the area are becoming frustrated with the ever increasing cost of renting and are now capitalising on a relatively suppressed sales market. If you are fortunate enough to have the required deposit it is now, in many cases, cheaper to buy a property in Docklands than it is to rent the same property. The local property market is definitely on the road to recovery, albeit slowly and cautiously. I suspect the vivid memory of the recent market crash will dampen the fire of unsustainable growth for some years to come, thankfully.

The legacy left by the 2012 Olympic Games will hopefully further underpin the East London and Docklands property market for the foreseeable future. With regeneration and improvements to transport links such as Crossrail and the Docklands cable car, the area’s future seems secured. The next few years are exciting times for the area and I for one am looking forward to being a part of it. n

Lourdes Estate Agents020 7538 9254www.lourdes-estates.com

As the latest up-and-comingurban quarter and perfectlylocated, Royal ArsenalRiverside, Woolwich SE18, is not only a great place to live, but also an idealinvestment opportunity.

1,372 sq. ft. Warehouse conversion.What a truly gorgeous loft this is. It has heaps of space, beautiful exposed brickwork,including the original arches, exposed beamsand sash windows. It has 2 double bedrooms, 2 bathrooms, separate kitchen, 3rd cloakroom and parking. £375,000

Smart, well appointed 1 bedroom flat.This is a great starter flat or rental investment. It has a number of upgrades, including built-in wardrobes, sound and TV system. Well-equipped with a modern bathroom and kitchen, it is exceedingly nicely priced as well. £169,950

Great value, modern 2 bedroom.This is perfect for people starting on theproperty ladder, or for a canny investor. Understamp duty, it has 2 bedrooms, 2 bathrooms,good living space, a modern kitchen andallocated parking. It is situated on the 3rd flooroverlooking a private courtyard. £246,450

Luxury modern flat with private deck.Modern property with 2 double bedrooms and two stylish bathrooms. The living room and bedroom give out onto a private deckoverlooking the lagoon and fountains. It has a designer kitchen and allocated parking.Ready to move into! £274,950

What a bargain! Great warehouse.This great loft overlooks the park throughsouth-facing windows. It has 2 doublebedrooms and 2 bathrooms. Part of awarehouse built in the 1800s, it has somelovely character features to match the great views. £274,450 -1% stamp duty paid

Looking to rent a gorgeous penthouse?Maybe we can tempt you to rent instead. This penthouse with sweeping river views, high ceilings, 2 double bedrooms, a large study, 3 bathrooms and exposed brickwork is to die for. Comes very nicely furnished orunfurnished. £386pw

RoyalArsenal

RiversideA great place to live.

Royal Arsenal Riversideoffers the following:

Riverside setting, close to River Boat.

DLR and train within easy reach.

Only 23 minutes to Canary Wharf.

Site of future Crossrail station.

Beautiful warehouse conversions

and river view flats.

On-site amenities including concierge,

gym, deli, café, gastro pub, Tesco,

dry cleaners and much more.

Huge regeneration in the area.

A relaxing and peaceful community.

Telephone: 020 8855 2155Email: [email protected]

London Homes of Distinction

www.LondonStoneProperties.com

New properties alwaysrequired for sale or let.

Please contact us for a free valuation.

Woolwich SE18

LSP_Full_Page_Ad_v3:Full Page 25/05/2011 14:54 Page 1

South hampStead NW6A bright and spacious five bedroom, three bathroom Victorian semi detached house of approximately 4,000 sq ft arranged over three floors with the benefit of a self contained three bedroom garden apartment and off street parking for 2 cars.

Offered in immaculate order throughout, the house retains numerous period features, and provides a magnificent kitchen/breakfast room, family room, drawing room and a mature and secluded West facing rear garden of approximately 70ft.

The lower level is currently arranged as a three bedroom self contained apartment with a private patio and could easily be re-instated into the main house to provide additional reception and bedroom accommodation.

Price on APPlicAtion | Freehold

reSideNtial SaleS reSideNtial lettiNGS propertY maNaGemeNt

263296_CW_TK_JUNE11.indd 1 24/05/2011 17:25

REDINGTON ROAD NW3The house is arranged over four floors and provides extensive reception space over both the ground and garden levels with open plan living/kitchen/family area of some 2,500 sq ft leading directly out to the patio and garden and also to an indoor swimming pool.

The ground floor provides a grand double aspect reception room, study and impressive entrance lobby. The property also offers three bedrooms and three bathrooms on the first floor plus a particularly bright master bedroom suite on the top floor with en-suite dressing room, large bathroom and secluded roof terrace. There is also an integral garage and off street parking. The house has been completed to a particularly high specification and provides a smart system, air conditioning, underfloor heating and many other eco and noteworthy features.

GUIDE PRICE £6,950,000 | FREEholD

20 HEATH STREET HAMPSTEAD VILLAGE LONDON NW3 6TE

263296_CW_TK_JUNE11.indd 2 24/05/2011 17:34

020 8522 4568www.site-sales.co.uk

For further information please contact:

A NEW BEGINNING

EXCLUSIVE OPENING18TH JUNE 201111am - 4pm

Prices from £188,950*

1, 2 & 3 BEDROOM APARTMENTS AVAILABLE FOR SALESales Offi ce located at: Flat 84, 1 Ward Road, Stratford E15 2LB

• Highly specifi ed contemporary apartments

• Excellent transport links from Stratford station

• Stratford offers excellent shopping with the soon to be opened Westfi eld Centre

* Price for a 1 bedroom apartment

IN LONDON STRATFORDComputer generated image

2488 SS AURORA A4 TCMag ad.indd 1 26/5/11 12:14:23

HOMESnew

Academy Excellence Period ProPerty meets modern marvel

� Private Hideawayluxury city aPartments launch

Your essential guide to new local developments. Read up to the minute

information about star apartments, good investments, yet to be launched

to the market properties, and the best in innovative design, architectural excellence and chic, city style. This

dedicated section covers luxury projects throughout Blackheath, Camberwell, Dulwich and other

select areas of South East London.

newhomes

ProPerty Latest

The Hideaways Club has announced the launch of 120 luxurious city apartments around the world.

The City Collection is an exclusive private members club which will provide investors with a selection of fully-furnished apartments throughout the world. Set to initially begin with ten apartments in cities including New York, London, Paris, Venice, Miami and Istanbul, the fund will add to the apartments in the next three years, incorporating other locations as diverse as Moscow, Rio de Janeiro, Bangkok and Sydney.

The Hideaways Club is a global property company specialising in

equity ownership and the management of a collection of international luxury property investment funds. It has already had great success with its Classic Collection, a series of chalets and villas worldwide.

The new city apartments, which will be worth up to £1.8m each, will feature five star concierge service, responsible for all day-to-day requirements including apartment booking, catering and entertainment.

Various membership schemes will give owners between 12 and 23 nights annual occupancy, with the added benefit of equity ownership in the entire property portfolio.

By Ben West

Design houseKelly Hoppen, MBE and interior designer extraordinaire, is selling her stunning Georgian town house in Notting Hill.

The property, sure to make a stylish investment, boasts four storeys of striking design and innovative use of space. There’s an envy-inducing custom Boffi kitchen, with bar-style seating and an exquisitely designed fireplace, and a first floor living room with a black glass chimney breast concealing the television. Attention to detail runs throughout the house, including silent sliding doors, Kelly Hoppen fittings and wax-polished Italian plaster. www.crayson.com

Luxury apartments Launch

Imag

e by

Mel

Yat

es

157

New research has found that areas with higher rates of new development consistently record higher house price growth, meaning that housebuilding activity can boost the prosperity of a local community.

Using data from the department for Communities and Local Government, SmartNewHomes compared housebuilding levels with average house price growth over the last one, three and five years, across all nine English regions. In all cases there was a strong positive correlation between the number of new homes built in a region and the rate of house price growth.

On average over the last year, each region saw house price growth of 0.63 per cent for every 1,000 new homes completed in that area. Over the last three years, the figure was 0.16 per cent and the rate was 0.23 per cent over the last five years.

The research shows that housebuilding activity makes a significant contribution to the

New home developmeNt promotes house price growth

If you have ever considered renting your property out or launching into buy-to-let, now is the time, according to Richard Sexton, business development director of e.surv.

“There’s a cavernous backlog of first time buyers which is pushing the rental market into overdrive,” he says. “Properties up to £125,000 accounted for a third of approvals in March, and although some of these will have been purchased by first time buyers, many will have been bought by buy-to-let investors competing directly for the same housing stock. Invariably, the investors win the contest because of the lack of mortgage finance for first time buyers. The potential first time buyers are then pushing up rental prices - because the demand supports higher rents. This is a win-win situation for landlords.

Now is the time to be a laNdlord

prosperity of an area, and that NIMBY fears over the financial impact of new homes are unfounded. Developers look to build wherever there is likely to be demand, and their investment typically attracts other businesses and residents to enter the area in turn, boosting the local economy.

“House builders would not apply for permission to build new homes in an area if there was not a demand from homebuyers,” says Steve Lees, director at smartnewhomes. “By responding to this demand, be it from first-time buyers who provide impetus from the bottom rung of the property ladder, or from families who might otherwise move away, housebuilding makes a significant and lasting contribution to building prosperous local economies.

“I would urge local authorities and communities to recognise the importance of the housebuilding sector in creating thriving communities, and to work to facilitate development for the benefit of all their local residents.”

NEWS IN BRIEF

LoNdoN LEadS thE WayA recent report on the housing market by Chesterton Humberts has provided positive reading for homeowners in the London area. The Bank of England has reported an increase in mortgage approvals, and sellers have been experiencing increased viewings and enquiries. While in London – the only place in the UK - prices have gone up, averaging £338,583 in March, which represents a 2.2 per cent year-on-year upwards shift.

GEt a Good RESpoNSEA London estate agent has introduced a smart phone feature on its For Sale signs, which should encourage potential buyers to ask for more information. W A Ellis Quick Response Squares allow smartphone users to quickly and easily access information on a property, simply by scanning a barcode-like square with their phone’s camera. “People are increasingly relying on their phones to manage day-to-day tasks and source data,” says Lucy Morton, managing partner at W A Ellis. “Our new QR Squares to allow people to instantly access a wealth of knowledge on a property without even having to make a call.”

newhomes

DEVELOPMENT FOCUS

Luxury apartments at the academy in

WooLWich offer modern styLe coupLed

With cLassic period features

Academy Excellence

T he Academy in Woolwich has become renowned as one of London’s most attractive and distinctive housing developments, partly owing to the incorporation of an original Royal Military

training centre. The gorgeous, red brick exterior dates to the 18th century and lends the project a unique, period character which has attracted both first-time buyers and families looking for a new home.

A series of stylish apartments two-bedroom properties with a contemporary and attractive style are dotted throughout the development. Living areas are open-plan and spacious, décor sleek and minimalist and fittings and fixtures high quality and carefully planned. It is also worth noting that those apartments located on the higher floors offer pleasant views of the city.

While most would undoubtedly enjoy living in the homes personally, the apartments also possess great rental potential. The green fields of Woolwich Common, just next to The Academy, will be home to the location for the shooting and archery events of the London 2012 Olympics and Paralympics and are sure to attract sporting enthusiasts.

At other times, it is clear that a keen sense of community will emerge at the site. The green space to the front of The Academy has been proposed as a local cricket pitch and there are plans for a fitness trail around the perimeter of the green. In addition, preparations are underway to turn the Great Hall at the centre of the development into a modern style community centre, offering residents wi-fi internet access and a TV and film screening room. Adding to the community feel will also be a fitness studio for residents and proposals for a deli-type store located on Middle Road, which runs through the complex.

The buildings themselves are positioned on Red Lion Lane in Woolwich, close to the amenities of the local area. A neighbourhood has existed here since the Iron Age, before the area became a prominent ship-building centre under the initiation of Henry VII. Forthcoming investment in the district along with its close proximity to the picturesque villages of Greenwich and Blackheath means that Woolwich is becoming a key area for development and growth.

Unsurprisingly, the DLR extension to Woolwich Arsenal

159

station has increased interest amongst workers looking for quick and easy travel to Bank, City Airport and Canary Wharf. The apartments are now a real alternative for those looking to escape the frenetic nature of the capital in the evenings, along with those who have been priced out of the prime London market.

Kathryn Price, development manager at Durkan Homes comments: “The Academy has proven an extremely popular development for buyers looking for high spec property in stunning surroundings. Buyers have ranged from large and small families to first time buyers making their first property purchase – a diverse group of people, which has enhanced the sense of community.” n

Prices start at £260,000 for a two-bed apartment. www.theacademy-woolwich.com

DEVELOPMENT FOCUS

Star apartment

Apartment number 45, situated in the Faraday building at The Academy is located on the top floor and has striking and far reaching views of the chapel and its spires, landscaped gardens and the Great Hall.

A key feature of this particular apartment is its south-west facing positioning, allowing bright sunlight to beam in all day long, contributing to the overall airy and spacious feeling of the home. In addition, 45 Faraday features a huge 42.4m2 wraparound terrace from which you can enjoy the views.

Accommodation includes an impressive master bedroom and en-suite bathroom, as well as a walk-in dressing room and bespoke prime-grade oak flooring.

£310,000Hamptons Internationalwww.hamptons.co.uk

newhomes

160

T hese days, I find myself constantly asking, are house values going up or down? Is the market getting back to normal?

Difficult questions to answer, it seems, as it depends largely on geography and

personal expectation. Out in the wilds of Essex, for instance, both the very bottom end and the higher stratosphere, appear to be holding their own pricewise, although negotiations are tight.

In the middle range it is still difficult, especially those movers wishing to climb the ladder from below £250k property value to above. Narrow loan to values preclude “equity to spare”, making ancillary costs, mainly stamp duty, difficult to accommodate, leading to a bit of stagnation, and pressure on asking prices.

In central London, a very different picture emerges, due in the part to higher entry level values negating the impact of stamp duty, and the unique positioning of the work force and inhabitants, whether traditional old money or nouveau riche, have higher expectations plus the wherewithal to exploit.

Let’s look at the latest trade headlines, referring to central London. “Capital values rose one per cent in April, contributing to an annual growth rate of 8.3 per cent,” says one. While others report “Typical prime properties saw prices rise by £767 every day the past 12 months” and “Average values for prime property have now risen by 31.2 per cent since March 2009.” Other news includes: “Market being led by properties in the £1m-£5m price bracket, risen nearly four per cent past

Ron Radway of oneCall finanCial adviCe Centre, looks at tHe seesawing nature

of reCent property priCes and tHe effeCt of tHis on tHe mortgage market

three months. Strongest areas being Mayfair, Marylebone, St John’s Wood, Kensington”.

In fairness, this sector is a narrow market place, and consequently produces narrow stats, and while the property market has always been dragged along from the front, it cannot be denied that the market at this end has regained its strength.

And what effect has this had on the lenders? They want some of it, is the answer!

Mortgage lenders may have endured a hostile press of late (all of it much merited), but they cannot be accused of being daft - they know how to make money and they know a band wagon when they see it.

Some 11 new lenders have applied for licences in the past year. Buy to let mortgages is the new buzzword, with both new and established lenders entering the market, disturbing the virtual duopoly of the current major players, which will lead to competitive pricing. Get on board, seems to be the message!

Whether this is the beginning of the end of the crunch, or the end of the beginning, remains to be seen, but it would appear to be moving in the right direction!

If you would like to discuss mortgages, you should really seek advice from an independent broker. You can find one in your local area by visiting www.unbiased.co.uk. n

Ron Radway is a mortgage consultant for OneCall Financial Advice Centre. For further information, visit www.onecallonline.co.uk or call 020 3174 0422

Ups downsand

Tel: 020 8518 6555148 Cranbrook Road, Ilford, Essex IG1 4LZFax: +44 (0)208 518 6444

www.pmcompany.co.uk

All enquiries welcome

Bespoke living 9 Stunning Bedrooms 4 Large Reception Rooms Large Open Garden 8 Bathrooms Intelligent Lighting Cinema Room Gated Carriage Driveway

Freehold For Sale

Emerson Park, Hornchurch, EssexA mansion of grand proportions, built to the highest

O�er in excess of £3,000,000

THE BÉZIERCollection

THE BÉZIER MARKETING SUITEBézier Apartments,91 City Road, London

SHO

RED

ITC

HH

IGH

STHO

XTO

NST

REE

T

HOXTON SQ

Hoxton

T 020 7490 1603 OPEN 7 DAYS A WEEK

2 BEDROOM APARTMENTSCITY LIVING FROM £715,000

E [email protected] correct at time of going to press. Subject to change. Map is shown only for illustration purposes and is not to scale.

� Studio suites and 1 bedroomapartments available from £350,000

� Situated in Zone 1 within the siliconroundabout regeneration zone

� Minutes from King’s Cross/St Pancras/Eurostar and walking distance fromFinsbury Square

� Apartments ready to occupy

� Only 5 stops to Canary Wharf fromHoxton Overground station

� Within a 20 mins walk or 10 mins tuberide to many of London’s major universities

� 24 hour concierge, gym, sauna andsteam room

� Rooftop gardens with panoramic city views� Strong rental demand and attractive yields

Bezier_A4_CW_MAG_April_2 19/4/11 13:39 Page 1

The Langham, London

1c Port land P lace, Regent Street , London W1B 1JA

T 44 (0) 20 7973 7550 t l lon. in [email protected]

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Famous for engagement rings

PAPILLON COLLECTIONHANDMADE IN PLATINUM

CanaryWharfJunePapillon.indd 1 12/05/2011 13:25

london homes & property (east) june 2011

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