With headlines reporting a slowdown in the London property market, it may surprise some to see the capital leading the way in the latest figures from the Land Registry, reporting sold prices on transactions up to December 2015.
The Land Registry data shows London prices rising 2.1% in a month and 12.4% year-on-year, some way clear of the next region, the East of England, at 10.6% for the year and almost double the national average for England and Wales at 6.4%.
The report continues with data on property sales transactions, which were lower at every month in 2015 compared to the year previous, with the exception of July. Richard Sexton, director of chartered surveyor e.surv, reacted to the new figures: “It’s a vicious circle – the lack of listings is dissuading many homeowners from moving, so instead some families may be choosing to renovate and extend properties to suit their changing needs. This further diminishes the choice on offer.
“A shortage of homes for sale is particularly difficult for those looking to get onto the ladder for the first time, as the stock of affordable homes shrinks. Incentives to encourage last-time buyers to downsize and free-up family homes, to create more movement in property chains and allow families the options they need may help – for example, reducing stamp duty fees for those choosing to downsize – would be one way to encourage this.”
London is, however, seeing a great deal of housebuilding activity and here are some of our favourite new homes now for sale or coming soon to market - and the new London Help to Buy scheme has now been launched for new homes up to £600,000:
Carlton Gate in Putney (Henley Homes)
A new show home has been unveiled at this collection of twenty-four two-bedroom apartments and three three-bedroom penthouses in Putney Hill. Ready to move into, these new homes are set behind an Art Deco-style façade.
Katy Mazen, sales and marketing manager for Henley Homes, say: “With the stamp-duty surcharge on buy-to-let and second homes due to come in in in April, we are seeing considerable interest in the properties at Carlton Gate. The apartments and penthouses are ready for occupation, meaning completion is absolutely achievable before this crucial deadline.”
House-hunters can expect an open-plan kitchen/living/dining space, bespoke kitchens, fully integrated Miele and AEG appliances, glass splashbacks, carpeted bedrooms and contemporary-styled bathrooms and each apartment comes with a private terrace or balcony, as well as the option of audio visual packages, mood lighting and automated blinds.
The development is just a short walk from both East Putney station (District Line) and Putney station (National Rail).
Prices: From £765,000
Find out more about Carlton Gate from Henley Homes
Hogarth Views in Chiswick (Haus Properties)
This boutique development of just 19 apartments overlooks local landmark, Hogarth House and is located only a short walk to Chiswick High Road. The studio, one- and two-bedroom apartments have been designed by Geoff Beardsley & Partners Architects for Prime City Developments, converting a building dated from 1879, and the development officially launches on 6 February.
The properties range in size from 470 sq ft to 1,216 sq ft, with an open-plan kitchen and living area, Rako mood-lighting pads in all rooms, Control Four integrated home system controlling the shower, curtains, lights, and sound system from a smartphone or tablet device, such as the complimentary iPad provided with each apartment. There is also a top-line security systems, with cutting-edge facial recognition cameras, and every home comes with off-street parking.
Jamie Lester, head of Haus Properties, says: “Hogarth Views brings with it a unique opportunity to live in a development that beautifully blends the personality of the original building with the same range of modern finishes that you would expect to find in the most luxurious new build apartments. As well as its impeccable design, the views are one of a kind, with Hogarth House one on side and Chiswick House and Gardens on the other. There really is nothing else like this in this part of London.”
Prices: From £450,000
Find out more at firstname.lastname@example.org ; 020 8742 7577
Valentine Place in Borough (Crest Nicholson)
This development opposite Borough station is one of three brand new developments in Southwark from Crest Nicholson. The location is within easy walking distance of the cultural delights of the Cut and South Bank, which include the Old Vic Theatre and Royal Festival Hall, as well as the foodie heaven of Borough Market.
Valentine Place comprises 42 one-, two- and three-bedroom apartments, penthouses, duplexes as well as five freehold mews houses nestled around a central courtyard garden. The development will also include 19 affordable homes and 24,000 sq ft of commercial space.
Julia Reynolds, sales and marketing director at Crest Nicholson, says: “Valentine Place is one of Crest Nicholson’s most prestigious developments and we’re excited about the start of the launch of our hotly anticipated SE1 portfolio. We’re expecting strong interest in these homes, which offer the unique opportunity to purchase quality homes in zone one of central London and include sought-after freehold townhouses.
First completions at this development are expected this summer.
Prices: From £730,000
Find out more at www.crestnicholson.com; 020 3640 7577
Corio in Bermondsey (Linden Homes)
Launched in late January, this scheme is just a stroll from Zone 1’s Borough and Zone 2’s Bermondsey tube stations, offering homebuyers and investors in south-east London to secure one of these apartments off-plan. ‘Early bird’ property watchers have a choice from a collection of 167 one-, two- and three-bedroom properties.
Travel times to the City from this location are exceptional – from 21 minutes by tube (17-minute walk to Borough station and four-minute train to Bank), 13 minutes by bike and 33 minutes on foot.
Dylan May, land, sales and marketing director at Linden Homes South East, says: “Although within striking distance of the heart of London, Corio enjoys the special vibe of Bermondsey – which is a sought-after pocket-community with its own identity, like an urban village. The apartments offer the opportunity to unlock a fantastic lifestyle at the centre of the capital – for work, play and easy travelling. And at the end of the day residents have a high quality new home to return to.”
The converted tannery is entered via a double-height atrium and have a concierge and landscaped courtyard garden.
Prices: From £450,000
Find out more at www.lindenhomes.co.uk ; 020 3811 6272
The Avenue in Queen’s Park (Regal Homes)
Regal Homes has received planning permission for this development of 74 new build residential units at 3-7 The Avenue, Queens Park, in the London Borough of Brent. The scheme will deliver 33 one-bedroom apartments, 23 two-bedroom apartments and 18 three-bedroom apartments, six of which will be allocated to Shared Ownership. Basement parking on the site will provide 57 parking spaces reserved for the exclusive use of residents.
Residents will be in walking distance of Brondesbury Park and Brondesbury rail stations and Queen’s Park underground station, in addition to a wide range of local amenities. Work on The Avenue will commence in Q3 2016, when the new homes will be officially launched, with the first completions in 2018.
Paul Eden, joint CEO of Regal Homes, says: “The Avenue is a very welcome addition to our property portfolio and we look forward to delivering yet another high quality scheme for London. As an expert London developer, The Avenue will benefit from our expert knowledge of developing prime sites in the capital.”
Find out more at 020 7328 7171
The W Collection in Walthamstow (Network Living)
The W Collection is a range of houses set across six addresses in Walthamstow, available to purchase through Shared Ownership. The 14 homes includes seven two-bedroom houses and seven three-bedroom houses: Knebworth House (five three-bedroom houses on Cecil Road); Grosvenor Park Road (three two-bedroom houses); Lancaster Road (one two-bedroom house); Farnan Avenue (two three-bedroom houses); Jewel Road (one two-bedroom house); and York Road (two two-bedroom houses).
These homes optimise the available light and space and feature a modern specification including high-gloss fitted kitchens and tiled flooring across the kitchen and living area.
Walthamstow boasts an extensive range of outstanding schools and exceptional transport links from Walthamstow Central station, with the West End just 20 minutes away.
Prices: From £152,250 (35% share)
Find out more at 020 8520 6731 (spicerhaart)
Cane Hill Park in Coulsdon (David Wilson Homes)
Just launched is this new development of three-, four- and five-bedroom homes on the site of the former Cane Hill psychiatric hospital – which incidentally featured on the US cover of the late David Bowie’s The Man Who Sold The World album.
A number of these executive homes have already been reserved off-plan, underlining local demand for these high-quality, energy-efficient new properties. A three-bedroom ‘Keats’ show house now gives house-hunters the chance to check out the standard of these new homes for themselves, as well as get absorb some interiors inspiration from the professionally decorated property.
Pam Reardon, sales and marketing director at David Wilson Homes, says: “It seems the combination of this fantastic location, the design of our homes and the overall concept of the development is proving a real draw for homebuyers.
Nearby Coulsdon South railway station offers services into London Victoria in just 26 minutes.
Prices: From £619,995
Find out more on www.dwh.co.uk
The City Mills in Haggerston (L&Q)
Phase 3 of this popular scheme in fashionable Haggerston has just been launched, with a range of one- and two-bedroom apartments available through the Shared Ownership scheme.
Located on Laburnum Street, the 23 new apartments at The Great Mill and Canal Mill buildings will give the young professionals aspiring to live in this creative hub an opportunity to get onto the ladder with a Shared Ownership arrangement that allows them to buy as little as 25% of the home initially, with the balance paid for with a subsidised rent.
Offering Symphony kitchens with dark-ash worktops and ceramic Conran design tiles as well as Electrolux integrated appliances, every apartment boasts a good specification as well as its own private balcony or terrace. Parking will be available to purchase with selected plots.
Cathy Lloyd, sales and marketing director at L&Q, remarks “As the largest new build development in the area, The City Mills is helping hundreds of Londoners onto the property through Shared Ownership. It’s a fantastic development right at the heart of a London’s ‘hipster triangle’ so we’re expecting it to appeal particularly to young professionals and starting families.”
Price: From £108,750 (25% share)
Find out more at www.lqpricedin.co.uk
Riverdale House in Lewisham (Galliard Homes)
Following a successful extra on-site planning application, the developer has added four new apartments to Riverdale house, a group of 550 sq ft one-bedroom residences that sit within the main Riverdale House block; with three being west-facing and one facing east.
David Galman, sales director for Galliard Homes commented: “Riverdale House has been extremely popular thanks to its individual architecture, roof garden and external manicured green space with pond, as well as its value and easy access to the centre of London. The development has been very popular with first-time buyers, young couples and investors; we expect the new offering at Riverdale House to be equally so.”
Riverdale House was designed in 1981 by Sir Frank Gibberd (1908-1984), one of Britain’s foremost modernist architects. Stretching up to seven floors, the impressive building was originally offices, but has been skillfully refurbished into modern residences.
Prices: From £340,000
Find out more on www.galliardhomes.com ; 020 7620 1500
Florian House in New Southgate (Fruition Properties)
Launched on 30 January 2016. Florian House is a gated scheme offering a range of properties within the London Help to Buy price limit, with the apartments due for completion in spring 2016.
There are seven one-, two- and three-bedroom apartments and two four-bedroom houses, with a specification which includes contemporary kitchens with integrated Bosch appliances, underfloor heating, recessed ceiling speakers and LED feature lighting. The development features landscaped gardens and secure parking, while a number of the apartments have private terraces and balconies.
Mani Khiroya, managing director of Fruition Properties, says: “High specification new build homes are rare in this area and as a result, we expect interest to be high among potential purchasers. Our previous development in N11, The Observatory, saw an average 16% increase in unit value over the course of 18 months, meaning that Florian House is likely to be a prudent investment for the future.”
Prices: From £350,000
Find out more at 020 8222 7200 (KFH)