While there is a lot of news about people moving out of London, the capital remains a hotspot for many. Meeting demand are a host of new launches that will interest a whole array of buyers, from those with a modest budget for a first home to people seeking something luxury in a prime location.
L&Q has unveiled a brand new collection of Shared Ownership homes at L&Q at Regency Heights, part of one of the UK’s largest regeneration schemes at Old Oak and Park Royal, which will eventually deliver around 25,000 new homes in all. There are one-, two- and three-bedroom apartments available on a ‘part buy-part rent’ basis, with deposits from just £8,500 required for a 25% share.
Claire Brenlund, sales director at L&Q, commented: “This is one of the most exciting new developments in the UK at the moment, and a fantastic opportunity for buyers to take the first step onto the property ladder. L&Q at Regency Heights offers one of the earliest opportunities to buy in this new community, so residents will be able to see this neighbourhood continue to grow around them, as well as shape it’s future.”
With good public transport and road links, Regency Heights is on the site of the former Guinness factory, with a linear park running alongside the homes. Prices for homes at L&Q at Regency Heights start from £85,000 for a 25% share (full market value £340,000) with two-bedroom apartments starting from £100,000 for a 25% share (full market value £400,000). Find out more at lqhomes.com.
Launched in west London last month by FABRICA by A2Dominion and Higgins, Hanwell Square will offer 333 beautifully spacious apartments across three buildings. Phase One, which is set to complete early 2023, will bring to market 104 apartments, each with a private balcony or terrace, as well as shops, cafés and workspaces.
Hanwell Square
Residents won’t have to wander far from their homes for outdoor space, with a number of semi-private courtyards and landscaped roof gardens situated throughout the development, and a new public square sitting right at its epicentre on Boston Road. Within ten minutes, residents can access tranquil riverside walks along the Grand Union Canal and visit the 61-acre Warren Farm Nature Reserve.
Rosie Nesbitt, director of sales and marketing for FABRICA, saied “We are excited to bring Hanwell Square to the London Borough of Ealing at a time when people want to plan for a more balanced lifestyle and access to nature. Hanwell offers a welcoming village-feel and with its accessibility following the arrival of Crossrail into Hanwell Station, coupled with its nearby green parks and the canal, this pocket of London is a great place to lay down roots.”
Phase one here includes 14 studio, 54 one-bedroom and 36 two-bedroom homes, priced from £305,000, £405,000 and £540,000 respectively. Find out more at hanwellsquare.co.uk.
Following strong buyer demand since its initial launch off-plan, a second building has been released at Newham’s Yard on Tower Bridge Road, a joint venture from Galliard Homes and Acorn Property Group. The first building, 153 Tower Bridge Road, is build complete and nearly fully sold out, with residents moved in; the new building, Newham’s Yard South, has a chic show apartment and a new collection of homes over nine storeys.
Newham’s Yard South
Located just 650 metres from Tower Bridge, the development has a mixture of studio, one-, two- and three-bedroom apartments, with some offering a private balcony or terrace, with the second building due to be ready by the end of Q2 this year.
Kyla Campbell, group sales manager at Acorn Property Group, commented: “Tower Bridge is an iconic London landmark and Newham’s Yard offers high-quality homes just moments away. Following the sales success of the first building, we have launched the second building Newham’s Yard South which offers a fantastic specification with details including stone, maple wood, and antique bronze finishes.”
Every buyer will receive a three-year free membership to Zipcar and £60 driving credit, whilst also being a short walking distance from London Bridge station for travel across London. Buyers at Newham’s Yard can also benefit from an extension to the Stamp Duty holiday until 1st October, with the developers paying the first £15,000 of tax on every property bought. Prices start at £640,000 for a one-bedroom apartment. Find out more at www.galliardhomes.com or www.acornpropertygroup.org.
Property consultancy Red Loft has been appointed as the sole sales and marketing agent for the first three new developments by Sixty Bricks, the London Borough of Waltham Forest’s development company, which is committed to delivering c. 1,000 new homes over the next four years across the borough, a target 50% of which will be affordable.
Centenary House
First to launch, in April 2021, is Centenary House. The development will offer a mix of 12 one-, two- and three-bedroom Shared Ownership apartments and 22 one- and two-bedroom homes available for Help to Buy. Located close to Highams Park London Overground Station, the development will include a landscaped communal garden. Prices are to be announced.
Launching 2022, The Brick Works near Blackhorse station will comprise 11 outright sale and three Shared Ownership apartments. The largest site in the current pipeline, Jazz Yard, will offer 17 Shared Ownership and 46 outright sale homes close to St James London Overground station. Fibd out more at sixtybricks.co.uk.
Linden Homes has unveiled a new collection of apartments at its Brunel Street Works development in Canning Town, ideal for first-time buyers and young families looking to benefit from the extended Stamp Duty holiday and 5% mortgage introduction at the development.
Brunel Street Works
Just this week, a selection of one-, two- and three-bedroom apartments have launched there. All the homes feature an open-plan, light-filled living design, spacious kitchens with integrated Bosch appliances with underfloor heating throughout. Bedrooms have an en suite, and built-in wardrobes to maximise storage. Integrated TV, satellite and telephone points make them well equipped as a home base. All the homes feature balconies with glass balustrades with river views towards the O2 and Canary Wharf.
Jai Gill, associate sales director at Vistry Partnerships, said: “Previous launches have been extremely popular with purchasers looking for a new home for flexible living, where buyers can make the most of the convenience of the location coupled with the versatile and spacious homes which can be also used as home office and include much in-demand outdoor space. We have now sold 50% of the homes across the whole community and we expect huge demand for this new launch so would urge buyers to register their interest to not miss out on this opportunity.’’
Homes at Brunel Street Works are priced from £465,000 with Help to Buy. Find out more at www.lindenhomes.co.uk.
For buyers looking for extreme luxury, just launched is an elegant and grand Grade II-listed Georgian townhouse at 16 Devonshire Place in Marylebone, which has been converted to six apartments. There are one-, two- and three-bedroom homes, as well as a four-bedroom duplex residence, and they are all ready for immediate occupation.
16 Devonshire Place
Agents Aston Chase and Beauchamp Estates are marketing the newly launched development, a five-year renovation project led by boutique developer DAO Estate and award-winning architectural practice MWAI, 16 Devonshire Place. The sympathetic restoration of the building has combined the preservation of period details with contemporary specification and architecture. Living space ranges from 1,012 sq ft for the one-bedroom ‘bachelor pad’ to 3,570 sq ft for the duplex.
Rosy Khalastchy, head of office at Beauchamp Estates (St John’s Wood), sais: “16 Devonshire Place is located at the favoured Regent’s Park side of this sought-after Marylebone address and the five-year restoration project has created arguably the finest boutique residential scheme in Marylebone. As a single part-live/part-rent investment the 4% yield is good on this freehold building whilst as separate apartments buyers have the benefit of being able to move in immediately.”
16 Devonshire Place is available as an entire freehold building (POA) or as six separate apartments priced from £1.25million for a lower-ground floor one-bed, from £2.15million a two-bed, £3.25million for the three-bedroom property and £7.25million for the four-bedroom duplex. Find out more at www.astonchase.com or www.beauchamp.com.
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