London Property South January 2018 by TypeStart Ltd

LONDON PROPERTY

HOUSE & HOME

JANUARY 2018

TOTALLY THAMES

Riverside living at its finest

HOME OWNING DREAM Help for first time buyers What lies ahead in 2018?

COUNTRY from page 103

Confidence remains resilient South Cover.indd 1

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Property

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A modern apartment available. High Barnet.

Matching people and property in London for over 160 years.

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LONDON PROPERTY

PUBLISHING Publishing Director Alison Hurcombe 07718 982736, ahurcombe@londonpropertysouth.co.uk

Your Local Letting & Management Specialist

EDITOR Jane Stevens, a journalist who has worked for many national and regional magazines, has been a stylist, writer and editor covering a diverse range of subjects including fashion, food, travel, interiors and property. jstevens@londonpropertysouth.co.uk DESIGN & PRODUCTION TypeStart Dan Thompson 01536 418181, southpr@typestart.co.uk www.typestart.co.uk SUBSCRIPTIONS info@londonpropertysouth.co.uk HEAD OFFICE The Studio, 370 Old York Road, London SW18 1SP CONTRIBUTORS Jenny Knight is an award-winning journalist, specialising in property and education. During her long career she has written news and features for nearly every national paper. Duncan Farmer is an experienced journalist specialising in finance, business and property. Duncan writes for a wide range of newspapers including the Daily Telegraph, Sunday Times and Mail on Sunday. See his Finance report.

London Property South is a monthly magazine distributed to AB homes in: Battersea, Wandsworth, Earlsfield, Southfields, Streatham, Clapham, Balham, Tooting, Kennington, Putney, Wimbledon, Coombe Hill, Barnes, Dulwich Village, East/ West Dulwich, Camberwell, Herne Hill, as well as being available from leading South London and Country estate agents. Distribution by Regal. Copyright @ 2015 London Property South. All rights reserved. Reproduction in whole or in part without written permission is strictly prohibited. Materials are accepted on the understanding that no liability is incurred for safe custody. All prices are correct at time of going to press, but are subject to change. London Property South cannot be responsible for unsolicited material.

ONTHE COVER Marketed by Carter Jonas carterjonas.co.uk Photography Tom Wright www.penguinseggphoto.com

Letting and managing properties locally since 1993 Balham:

Battersea:

80 Balham High Rd Balham SW12 9AG

134 Northcote Rd Battersea SW11 6QZ

020 8675 5050

020 7978 4404

Visit our website to see the reviews

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INSTA GALLERY

The Polygon SW4 – £675 per week

A stunning modern two bedroom top floor flat in Clapham Old Town. The flat comprises of a bright large open plan reception and modern fitted kitchen with bi-folding doors leading to a roof terrace, two double bedrooms, one with en-suite shower room and a further main bathroom. EPC-C

The prettiest looking salad and the taste was a-may-zing! @trinityclapham #foodie #michelin #delicious #southlondon

St Anns Crescent, SW18 – £460 per week

A fabulous newly refurbished two bedroom ground floor maisonette near Wandsworth Common. The flat comprises of a large open plan kitchen and living room, with bi folding doors opening to a rear garden, two double bedrooms and one bathroom with a bath and separate shower. EPC-D

a st house makes ilding.... Wow d Strictly come bu Lt ts en n Developm turn! @Octago #luxurydesign #luxurylifestyle es om yh ur #lux y re ent #sur #newdevelopm

Geraldine Road, SW18 – £405 per week

A spacious two bedroom garden flat close to the Wandsworth Common and Wandsworth Town mainline station. The flat has a large open plan kitchen and reception room area with doors leading to a rear garden area, two double bedrooms, one bathroom and one shower room. EPC-C

For advice on letting your property please contact your local office: Clapham:

Earlsfield:

1 The Polygon Clapham Common SW4 0JG

370 Garratt Lane Earlsfield SW18 4ES

020 7720 5588

020 8879 6205

www.PalaceGateLettings.com

An amazing afternoon at the Mid Century Modern Fair @Dulwichcollege - Design heaven for contemporary classic British, American and Scandinavian 20th-century design. From Eames to Ercol the dealers come out in force! #midcenturymodern #interiors #ikonitaly

@LondonPropertySouth 5

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ABELS WORLDWIDE REMOVALS UK RESIDENTIAL, EUROPEAN & INTERNATIONAL MOVING

It came through the French Revolution unscathed. It would be a pity if it came to grief on the M25.

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Inside

JANUARY 2018

76 NEWS & VIEWS 8

Home Front. Is the Chancellor’s recent helping hand for first time buyers going to be good news for Londoners, asks Jenny Knight 8 Kitchen Glory. A bright and spacious living/entertaining space in Wandsworth 9 The Word. Patrick Rampton talks sense about the market for the new year 22 Heads-up. News from around south west London and its agents 23 Word on the Street. How will the Stamp Duty cut help London’s first time buyers? 24 Ask the Expert. Marc Wiehe considers whether banning letting agency fees might lead to higher rents

@LPropertySouth Follow us in Twitter to get the heads up on everything property!

36 100

48 Money Matters. Duncan Farmer looks at financial forecasts for the year ahead 50 Secret Agent. Ruth Barr of Knight Frank Wimbledon revealed 50 Events – 5 of the best things to do around SOUTH

62 63

HOME

28 The Trend. Into store 29 Home Hot List. The ups and downs

ON THE MARKET

25 Home Compare. First time buyer tax beaters 33 EXCLUSIVE. Three properties set to impress

@LondonPropertySouth See our brilliant instragram page for a pick of the best posts from South London

42 NEW HOMES. Tim Banks, CEO of Octagon looks forward to the challenges of 2018 South West London. Desirable houses in SW11 and 12 South West London. Perfect properties in Putney Robert Holmes Wimbledon. Three new modern homes between the Village and the Town Robert Holmes Coombe. The photographer’s painterly approach to property pics The Ripple Effect. Riverside living at its finest South East London. Family homes in Peckham, Denmark Hill and Dulwich

Facebook.com/ LondonPropertySouth Like us on Facebook and follow our property news, views and inspiration for homes and modern living

100 Lettings Lowdown. Anna Czaban considers the state of the market 102 Luxe Lettings. Two impressive lets in Putney and Coombe

COUNTRY

104 Old and new perfectly combined in a Surrey Village house 108 A glorious Georgian home in a Northamptonshire 110 A luxury Octagon development in Cobham

FINALLY

117 Last Word. Samuel Bide of Marsh & Parsons has the final say

www.londonpropertysouth.co.uk Missed a copy of the magazine? Keep up to date with South London’s Prime property on the London Property South website

Contents.indd 1

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The big give-away in the Autumn Budget was the abolition of stamp duty for ﬁrst time buyers for homes worth up to £300,000 – but is it enough to help Londoners?

ccording to John-Paul Burrough, sales manager at Marsh & Parsons in Tooting, every little helps. His office has seen more enquires from first-timers since the Budget announcement and he thinks it will have a positive effect. “It’s too early to judge the full effect because people are still thinking about it, but I think next year it will have a positive effect. People will spend time over the Christmas holidays working out finances and probably asking the bank of mum and dad. They might say that now that stamp duty is down, ‘let’s get on with it’. “It’s definitely a good time for first time buyers. There are opportunities in south London for them to find a one-bedroom or two-bedroom flat or cottage with a wide variety of property types. “At Marsh & Parsons, we recently sold a cottage for £485,000. With bank rates going up now is the time. I don’t understand why people are all keen to buy when other people are buying, but when the market is steady they hesitate. Now the market is a little bit more relaxed, this is the time to look round and go for it.” While the Treasury calculated that about 80% of first-time buyers will pay no stamp duty at all, the picture is not so rosy in London with its higher prices. However, according to Savills, with the average first-time buyer home in the capital now costing £479,000, this cuts the stamp duty bill from £13,950 to £8,950. The reduction is expected to appeal to the bank

of mum and dad who are typically reluctant to give any more of their money to the Treasury. Despite the good news for firsttimers not everyone is cheering. The Office for Budget Responsibility warned that the give-away could backfire by pushing up house prices. While mortgage lenders said the initiative would do little to address the difficulties existing owners have in moving up the ladder or downsizing. Since the financial crises housing transactions have slumped by about 35%, with the current stamp duty regime resulting in 146,000 few housing transactions during the past five years, according to Santander and the think tank the Centre for Economics and Business Research. This inability of existing owners to move – largely thanks to hefty stamp duty – has a knock-on effect of limiting the supply for first-time buyers.

ollowing in her big brother’s footsteps, two-year-old Princess Charlotte will start her schooldays with the new term at the Willcocks Nursery School in Prince Consort Road, close to home at Kensington Palace. So a split-level apartment which is on the market just around the corner in Kensington’s Queen’s Gate should excite a lot more interest than usual. The three-bedroom apartment has stunning vistas of the Royal Albert Hall. It has an abundance of reception space, a well-proportioned kitchen, four bedrooms and four bathrooms. The flat is located in a grand building at the top of Queen’s Gate, moments from Hyde Park. It is on the market for £5.5million with Russell Simpson 020 7225 0277

HOMES

Chris Jackson/Getty Images/HANDOUT/ EPA-EFE/REX/Shutterstock

HOME FRONT

beautifully presented, four-bedroom family house which is arranged over three floors. At the front of the house is the double reception room, while to the rear is the open plan kitchen and dining room arranged around a central island unit. The current owners have carefully refurbished this space to create bright and spacious family living and entertaining space. Jeypore Road, Wandsworth, SW18, £1,395,000, Savills Wandsworth 020 8877 1222

KITCHENGLORY KITCHEN

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THE WORD Patrick Rampton, Director Rampton Baseley, looks ahead to a challenging new year

he market has obviously been affected by recent political events, with a muchincreased level of anxiety amongst buyers. For the past 18 months or so, there has been an undersupply of quality, committed buyers, and an oversupply of mediocre, expensive stock. Consequently, with oversupply and underdemand, prices have fallen. According to our research, prices came off about 8% in the year after the Brexit referendum, and have come off a further 2-3% since the election a year later. We think that the market is probably still softening, but may well firm up over the New Year with an influx of new buyers. We envisage the first six months of 2018 as probably the last decent market for quite a while. We hear that Prime Central London sales, where so much is dependent upon investment purchasers and purchasers of choice, transaction volumes have fallen 3040% since Brexit. Locally, the flat market (dependent upon first time buyers and investment buyers) and the top end of the market (up-sizers and luxury purchasers) has been very hard, as both these sets of buyers are buyers of choice rather than necessity. On a brighter note, in our particular market, the family market (75% of our sales are houses in the £1.25-£1.75m price range) around the Commons, things have held up very well. We are dealing largely with buyers of necessity; people always get married, have kids and have to move from flats to houses or from medium-sized London houses to big country houses, regardless of events in the wider political world. And as ever, death, debt and divorce stalk the market. The underlying market in our area is actually very strong. We had ten properties go to sealed bids ranging from £700k to £2m in the run-up to Christmas. But you

OUTOF TOWNBUY...

Guide price £1,150,000 A beautiful, three-bedroom family home built around 1820, conveniently located close to the shops and restaurants on the Queens Road and within a mile of Weybridge Station. The house updated in more recent years, combines original features – plaster detailing, feature fireplaces and sash windows – with comfortable modern living. A mature garden contains a home office. There are good transport links and well placed for schools, sports and leisure.

have to get three things right; you have to start with a good product, you have to use a good agent (which we are), and you have to get the price right (with which we can help you). If you start selling too high, you will definitely end up selling too low – a recent analysis of over 370,000 house sales in the UK carried out by the consumer magazine Which?, found that properties with asking Savills Weybridge 01932 838013 prices just 5% above where they should be, resulted in a sales prices 10% lower than the correctly price comparable properties. These falls in prices and the heightened wariness of buyers, this market softening, has actually helped our agency’s performance. Our turnover is up Roxie 35% year on year. We believe that this is 585 Garratt Lane, because when the market London SW18 4ST gets tough, sellers want 020 8944 9602 an agent who knows earlsfield@roxiesteak.co.uk what they’re doing. A professional, Where? trustworthy agent, Earlsfield who might cost a bit more, but What’s it like? will handle the Roxie’s is truly a hidden gem! Our clients sale of their and buyers who live in the area continuously most precious recommended this restaurant to us. The asset with service is excellent and, having eaten there professionalism several times in the past, I have never been and skill. We disappointed. There is a fantastic ambience are currently along with friendly, attentive staff which achieving over makes all the difference. 98% of asking Rebecca May price for all sales And the food? Sales Manager this year, and in the I chose the fillet steak which just KFH Earlsfield past six weeks we melted in the mouth and was have had sealed bids cooked to perfection. Roxie’s on nine properties is definitely my go to for a ranging from £700k perfect steak and glass of to £2m. The buyers are red wine! there, they just want to see sensible pricing.

BEST BITES

Cheriton Square, SW17 £1,275,000 his beauti ul, our-bedroom amil home boasts a double reception room ith a eature fireplace and a spacious kitchen/dining area which leads out to a private south-facing garden. Freehold. EPC=D

• Spacious master bedroom • Terraced house • Period property Balham Sales: 020 8033 9039 sales.bal@marshandparsons.co.uk

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Clavering Avenue, SW13 ÂŁ1,650,000 An exceptional, semi-detached five-bedroom house located on a quiet sought-after street close to Hammersmith Bridge. Freehold. EPC=E Barnes Sales: 020 8033 9040 sales.bar@marshandparsons.co.uk

Lillian Road, SW13 ÂŁ3500 per month A beautifully presented three-bedroom house with south-facing garden, located in a charming cul de sac in Barnes, moments from the River Thames. EPC=D Barnes Lettings: 020 8033 9040 lets.bar@marshandparsons.co.uk

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A VERY IMPORTANT DECISION We pride ourselves on exceptional service and unrivalled market knowledge, with a global network of 418 offices across 60 countries that can showcase your property to the widest possible audience. To arrange for a free market appraisal, please call us on 020 3641 5936 or visit KnightFrank.co.uk/battersea

Guide price: £875,000

Park Mansions, Battersea Park SW11 A larger than average 1st floor apartment in the desirable Park Mansions situated on the Prince of Wales Drive. The apartment has a balcony and a reception room with views towards Battersea Park. 2 double bedrooms, reception room, kitchen/dining room, bathroom, balcony. EPC: D. Approximately 86.2 sq m (928 sq ft). battersea@knightfrank.com Office: 020 3641 5936

@KF_SWLondon KnightFrank.co.uk

Guide price: £1,695,000

Embassy Gardens, Nine Elms SW11 A rare 12th floor apartment presented in beautiful condition and enjoying dual aspect views. Master bedroom with en suite, 2 further bedrooms, guest bathroom, utility, kitchen, dining/reception room, balcony, concierge, leisure facilities. EPC: B. Approximately 120 sq m (1,292 sq ft). battersea@knightfrank.com Office: 020 3641 5936

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MOVE. Faster. Sell with Knight Frank. Our understanding of the everchanging market enables us to price your property accurately, so you can rely on Knight Frank to get you moving. Call us today to arrange your free market appraisal. KnightFrank.co.uk/clapham clapham@knightfrank.com 020 8022 6116 Guide price: £1,950,000

Abbeville Road, Clapham SW4 A stylish Victorian terrace house meticulously refurbished throughout with a 48 ft rear garden. 5 bedrooms, 3 bathrooms, reception room, dining room, open plan kitchen, guest cloakroom, cellar, garden. EPC: D. Approximately 206.4 sq m (2,222 sq ft). clapham@knightfrank.com Office: 020 8022 6116

@KF_SWLondon KnightFrank.co.uk

Guide price: £1,500,000

Gowrie Road, Clapham SW11 A beautiful family townhouse with a garden and roof terrace located off Clapham North Side. 5 bedrooms, 3 bathrooms, double reception room, kitchen/dining room, guest cloakroom, garden, roof terrace. EPC: D. Approximately 174 sq m (1,873 sq ft). clapham@knightfrank.com Office: 020 8022 6116

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Property Review South Sales - Jan 2018 SALES

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riverside@knightfrank.com 020 3641 5934

Guide price: £895,000

Boxtree House, Imperial Wharf SW6 A well-appointed apartment comprising spacious living and lovely balcony with gorgeous views of the grounds and river. Finished to a high standard throughout and feauring bright, spacious living. 2 bedrooms, bathroom, kitchen, reception, balcony, concierge. EPC: C. Approximately 75 sq m (805 sq ft). riverside@knightfrank.com Office: 020 3641 5934

@KF_SWLondon KnightFrank.co.uk

Guide price: £775,000

Watermans Quay, Fulham SW6 A newly renovated, stylish, 2 bedroom 2 bathroom flat with river views and a river facing balcony in Regent on the River. The flat is internally brand new and there is a demised parking space and concierge. 2 bedrooms, 2 bathrooms, kitchen/reception, balcony, concierge. EPC: B. Approximately 78 sq m (840 sq ft). riverside@knightfrank.com Office: 020 3641 5934

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Property Review South Jan 17 Issue

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Bell Yard Mews, Southwark SE1 Unique, brand new three bedroom apartment Located on one of the most fashionable streets in London, this newly renovated flat is set over two floors and features brand new appliances throughout. 3 bedrooms, 3 bathrooms, reception room, kitchen, 2 terraces, utility room and lift access. EPC: C. Approximately 181.84 sq m (1,957 sq ft). Leasehold: approximately 112 years remaining

Guide price: £2,750,000

KnightFrank.co.uk/towerbridge towerbridge@knightfrank.com 020 7768 0807

@KnightFrank KnightFrank.co.uk

KnightFrank.co.uk/TWB170189

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Property Review South Dec/January 2017

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A VERY IMPORTANT DECISION We pride ourselves on exceptional service and unrivalled market knowledge, with a global network of 418 offices across 60 countries that can showcase your property to the widest possible audience. To arrange a free market appraisal, please call us on 020 7768 0994 or visit KnightFrank.co.uk/wandsworth

Guide price: £2,900,000

Henderson Road, Wandsworth SW18 An immaculately finished semi-detached family house of substantial proportions. 5 bedrooms, 4 bathrooms (3 en suite), 2 reception rooms, kitchen/dining room, downstairs cloakroom, utility room, 62ft rear garden, off street parking, garden office. EPC: E. Approximately: 244.04 sq m (2,627 sq ft). wandsworth@knightfrank.com Office: 020 7768 0994

@KF_SWLondon KnightFrank.co.uk

Guide price: £4,250,000

Baskerville Road, Wandsworth SW18 A beautifully presented house located on the Toast Rack with direct access to Wandsworth Common. 6 bedrooms, 3 bathrooms, 2 reception rooms, dining room, kitchen/breakfast room, conservatory, guest cloakroom, utility, cellar, garden. EPC: E. Approximately 329.8 sq m (3,550 sq ft). wandsworth@knightfrank.com Office: 020 7768 0994

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MOVE. Faster, sell with Knight Frank Our understanding of the ever-changing market enables us to price your property accurately, so you can rely on Knight Frank to get you moving. Call us today on 020 8022 1358 to arrange your free market appraisal.

KnightFrank.com/wimbledon wimbledon@knightfrank.com

Guide price: £1,365,000

Gladstone Road, Wimbledon SW19 A beautiful period family home located in the heart of Wimbledon Town. Master bedroom suite, 3 further bedrooms, family bathroom, double reception room, kitchen/dining room, garden and roof terrace. EPC: E. Approximately 181 sq m (1,948 sq ft). wimbledon@knightfrank.com Office: 020 8022 1358

@KF_SWLondon KnightFrank.co.uk

Guide price: £2,695,000

Courthope Road, Wimbledon SW19 A substantial semi-detached period family house. Master bedroom with en suite, 4 further bedrooms, 2 family bathrooms, kitchen, 3 reception rooms, WC, garden and 2 storey garden lodge. EPC: D. Approximately 296.1 sq m (3,188 sq ft). wimbledon@knightfrank.com Office: 020 8022 1358

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Property Review South January 2017 new

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FOUND. Your perfect tenant.

Our local expertise and global network mean that we can find a reliable tenant for your property and with the lettings marketing in full flow now is the time to maximise your rental income. Contact us today on 020 3866 2930 to arrange your free market appraisal or visit Knightfrank.co.uk/battersea

All potential tenants should be advised that, as well as rent, an

Guide price: £495 per week

Altissima House, Queenstown Road SW11 Brand new flat located on the first floor over looking the developments private gardens. Bedroom, bathroom, reception/kitchen room. The Vista development benefits from a gym, 24 hour concierge, swimming pool and sauna. EPC: B. Approximately 47 sq m (507 sq ft). battersealettings@knightfrank.com Office: 020 3866 2930

administration fee of £276 and referencing fees of £48 per person will apply when renting a property. There will also be a £48 charge to register your deposit with the Tenancy Deposit Scheme if applicable. Please ask us for more information about other fees that will apply or visit www.knightfrank.co.uk/tenantfees. Knight Frank is a member of the ARLA Client Money Protection Scheme and our redress scheme for consumers is Ombudsman Services: Property.

@KnightFrank KnightFrank.co.uk

Guide price: £2,000 per week

Alexandra Avenue, Battersea SW8 This apartment is presented over three floors avaliable for a short let situated in a secure development. 3 bedrooms, 4 bathrooms, reception/kitchen room and a private patio. Also benefiting from 24 hour concierge and an underground parking space. EPC: C. Approximately 199 sq m (2,139 sq ft). battersealettings@knightfrank.com Office: 020 3866 2930

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prs - Battersea

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FOUND. Your perfect tenant. Let with Knight Frank. We pride ourselves on exceptional service and unrivalled market knowledge. With a global network of 418 offices over 60 countries we can showcase your property to the widest possible audience. If you are considering renting your property this year, please contact us on 020 3641 7650 or visit KnightFrank.co.uk/lettings

Guide price: £3,750 per calendar month

Copse Hill, Wimbledon SW20 Spacious duplex apartment within this brand new, exclusive development in West Wimbledon. 3 bedrooms, 3 bathrooms, large reception room, 2 reception rooms, high specification kitchen, terrace, 2 balconies and underground parking for 2 cars. EPC: B. Approximately 168.2 sq m (1,810 sq ft). wimbledonlettings@knightfrank.com Office: 020 3641 7650

All potential tenants should be advised that as well as rent, an administration fee of £276 and referencing fees of £48 per person will apply when renting a property. Please ask us for more information about other fees that may apply or visit KnightFrank.co.uk/tenantcharges

@KnightFrank KnightFrank.co.uk

Guide price: £7,000 per calendar month

Grange Park Place, Wimbledon SW20 Contemporary family house situated within this small private estate. 5 bedrooms, 3 bathrooms, 4 reception rooms, kitchen/breakfast room, terrace, rear garden, garage and off street parking. EPC: C. Approximately 311 sq m (3,348 sq ft). wimbledonlettings@knightfrank.com Office: 020 3641 7650

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Property Review South - January 2018 - Lettings

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savills.co.uk

CAMBRIDGE MANSIONS, SW11

FULLERTON ROAD, sw18

Open plan living area/kitchen ø master bedroom suite ø 2 further double bedrooms ø further bathroom ø south facing balcony ø 22ft roof terrace ø lift ø 122 sq m (1,307 sq ft) ø EPC=C

Double reception room ø dining room/kitchen ø master bedroom ø guest bedroom with en-suite shower room ø 3 further bedrooms ø further family bathroom ø garden ø 133 sq m (1,428 sq ft) ø EPC=D

Guide £1.5 million Share of Freehold

Guide £1.225 million Freehold

Savills Battersea Park mshort@savills.com 020 3402 1900

Savills Wandsworth jcolliver@savills.com 020 8877 1222

ASHBURY ROAD, SW11

SALCOTT ROAD, sw11

Double reception room ø kitchen/breakfast room ø 3 bedrooms ø family bathroom ø garden ø 92.5 sq m (996 sq ft) ø EPC=D

Open plan reception room/kitchen ø master bedroom with en suite bathroom ø further double bedroom ø further bathroom ø balcony ø 94 sq m (1,012 sq ft) ø EPC=C

Guide £899,950 Freehold

Guide £899,950 Share of Freehold

Savills Battersea Park adpeck@savills.com 020 3402 1900

Savills Northcote Road dzendra@savills.com 020 3428 2222

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savills.co.uk

SUBSTANTIAL SEMI DETACHED FAMILY HOUSE WITH GENEROUS OFF STREET PARKING trinity road, sw18 3 reception rooms ø kitchen/breakfast room ø 6 double bedrooms (3 en suite) ø 4 bathrooms ø utility room ø 2 cloakrooms ø laundry room ø wine store ø 88ft west facing garden ø 447 sq m (4,811 sq ft) ø EPC=D

Guide £3.6 million Freehold

Savills Wandsworth Robin Chatwin rchatwin@savills.com

020 8877 1222

SET BACK BEHIND OFF STREET PARKING WITH A STUNNING KITCHEN THAT OPENS ONTO THE WEST FACING GARDEN park hill, sw4 Reception room ø kitchen/dining room ø study ø 5 bedrooms ø 3 bath/shower rooms ø utility room ø cloakroom ø 43ft west facing garden ø off street parking ø 204 sq m (2,196 sq ft) ø EPC=E

Guide £1.5 million Freehold

Savills Clapham Max Green mgreen@savills.com

020 8673 4111

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HEADS-UP ONTHEMARKET

New Covent Garden Market in Nine Elms – the UK’s largest fruit and vegetable market – has unveiled the first phase of its £130m development which will see it become London’s dominant food hub. The Food Exchange is a workspace, kitchen space and venue that will form the first stage of the Food Quarter, with 40,000 square feet of space to let. It will house Mission Kitchen, with shared kitchens and space for 130 foot businesses. It will also include a cookery school for ambitious cooks and professionals, an evolving food museum, a test kitchen and an outside space, that can host anything from beehives to polytunnels for growing. Private studios are ready to rent from February next year, for businesses working in food, including food magazines, photographers, producers, PR agencies, manufacturers, entrepreneurs, start-ups, recipe developers, stylists and writers.

FLYAWAY London councils opposed to Heathrow expansion, have told the Transport Select Committee that the most recent evidence published by the Government demonstrates that a third runway would cause unacceptable air and noise pollution. They say that if ministers continue to support a third runway it will blight the area around the airport while failing to solve the need for extra airport capacity in the South East. Councillor Ravi Govindia, Leader of Wandsworth Council, said: “If there is a need for more capacity in the South East it can built more quickly at Gatwick. It would be achieved at a lower cost and within lawful pollution limits with fewer people affected by noise. It would also offer more domestic routes than Heathrow.”

BRIXTONBARTER B

rixton now has its own currency known as the Brixton Pound – and Marsh & Parsons is backing it with a £5,000 donation to the Brixton Fund a project that supports the Brixton Pound. Local currencies are catching on across the UK. They are mutual aid networks in which people exchange goods and services – a bit like a barter system. Local businesses can apply to The Brixton Fund for grants for projects that strengthen the community, increase employment opportunities and tackle exclusion. The donation from Marsh & Parsons, was the latest example of their support for local communities. This year they sponsored more than 60 events across London and donated more than £50,000 to worthy causes. Over the past 10 years they have built strong relationships with local schools, charities and not for profit organisations. Earlier this year they opened their 28th office in Brixton and set about supporting the community spirit. The Brixton Pound is a paper-based currency, aimed at keeping money spent in Brixton in local circulation and supporting local businesses. Over 250 businesses around Lambeth have signed up. Adam Garner, Brixton lettings manager, was on the selection committee of the Brixton Fund, says: “It’s been an exciting year in Brixton and our office opening was a great success. We’ve been delighted to have been able to support so many worthy causes through the Brixton Fund and it’s been amazing to meet and talk to the people who have benefited from these donations and be a part of the vital work the Brixton Pound does for the community. We hope to continue to be involved and help in any way we can for many years to come.”

OOPSILETMYHOME! London has the highest proportion of accidental landlords than anywhere else in the country, according to Countrywide. Accidental landlords are classified as people who planned to sell their home but failed to get a high enough price, so instead decided to rent. According to analysis from the lettings network this trend has added about 80,000 rental properties to the market this year, nationwide. This year 12.5 per cent of homes coming onto the rental market in London had previously been up for sale. Countrywide says that unlike traditional landlords, accidental landlords tend to stay in the rental sector for a much shorter period of time. Nearly nine out of ten such landlords put their properties back on sale after the first tenant moves out.

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WORD ON THE STREET TAKEONEOVERTHEEIGHT

t takes just eight minutes for house-hunters to make their mind up about a property, according to Foxtons, who questioned more than 2,000 buyers. The buyers said that after less than 10 minutes inside a property they knew whether it was a dead-duck or worth getting a mortgage sorted. According to Foxtons, when it comes to viewing a property online, the average person takes eight minutes to choose whether to visit or not – as long as the listing is authentic. More than three-quarters confessed to irritation at a property profile that did not reflect the true state of the home on offer. Six in ten people find it impossible to see how big the rooms are looking at an online listing, and 49 per cent can’t tell how light they are. More than one in ten complained they can’t tell the colour of the walls in rooms and 52 per cent can’t understand how overlooked a property is. A spokesperson for Foxtons, which commissioned the research to launch their new virtual tour by Matterport, said: “While making a decision on a property may take only a matter of a number of minutes, we expect that the need to physically visit a property will remain strong for the foreseeable future. However, a 3D virtual tour can be the most convenient and cost-effective way to start and narrow down the property search for an individual. “This offers an experience similar to that of virtual reality, but with the added bonus of being accessible from the customer’s home. A 3D tour makes it possible to walk through the property virtually on a customer’s computer or mobile device.” The study also revealed that it requires only two visits on average to choose a new home – but not before seeing nearly 40 other properties; 28 online and 10 in person. The spokesperson added: “The survey results show that 50 per cent of us would take our friends or family to view our potential new home before making the final decision, and 97 per cent involve others in the decision-making process. Findings showed immediate no-nos were a scruffy front door, damp patches, noisy main roads and cracks in walls. Come-ons included flowers in vases, a private parking spot and green spaces.

IT’SAWRAP! For the second year running Roy Brooks have used their offices as collection points for the campaign Wrap Up London, which distributes coats to the homeless, refugees, children living in poverty and people fleeing domestic violence. Jane Robathan, marketing manager at Roy Brooks Estate Agency, says: “We’re lucky to have homes, so we started doing something for those who don’t.” Roy Brooks delivered hundreds of flyers to local households to highlight the cause and an impressive total of 247 coats were dropped off by local residents. Felicity Blair, director of the agency is delighted: “It’s heart-warming to know that people have taken the trouble to donate coats again. We’ve collected almost 50 more than last year, let’s see if we can keep improving!”

Wallace Jaffray, sales negotiator, Felicity Blair, director and Victoria Peel, sales support

How will the Stamp Duty cut help ﬁrst time buyers in London? ROBIN CHATWIN SAVILLS The abolition of Stamp Duty for first time buyers up to £300,000, and reduced up to £500,000, is definitely a case of ‘every little helps’. As it isn’t possible to borrow against Stamp Duty, this will temper some of the pressure on first time buyers at the time of completion, but does not impact the real challenge – that of the deposit requirement, particularly in higher value markets. We might expect, however, that the bank of mum and dad may be more willing to help out, safe in the knowledge that their cash is not going to the Treasury.

DARREN BAKER LAURISTONS The government’s recent announcement of a reduction in the Stamp Duty liability for first time buyers up to £500,000, with full relief on the first £300,000, has certainly grabbed some headlines, but is unlikely to make a difference to those struggling to ‘get a foot on the ladder’. The saving for a qualifying first time buyer at £500,000 is £5,000. Certainly a welcome saving but, in the context of the overall costs in making that first purchase, in particular raising the necessary deposit to secure a mortgage, is not likely to cause someone stuck in the long-term cycle of renting to now be able to get onto the ladder. Should this Stamp Duty relief have the desired impact of making home ownership more affordable, those first time buyers would be purchasing in an environment where demand has increased without any commensurate increase in supply, causing prices to rise further and quickly cancel out the saving.

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Q&A ASKTHEEXPERT

Will banning letting agency fees lead to higher rents?

Marc Wiehe, Director Winkworths Streatham and Herne Hill

It certainly sounds like good news for tenants on the face of it: a ban on the exorbitant fees charged by some letting agents to arrange the start of your tenancy. However they need to be careful what they wish for…the proposed ban still requires a Government consultation to be completed before it is implemented, but the impact on the UK housing market could be far reaching in terms of rent increases, especially as recent changes to tax legislation since April has led to a dramatic reduction in the number of landlords buying investment properties. The proof is there: in Scotland, fees were banned in 2012 and rents have been growing faster than in other parts of the UK. With the added pressure that fewer rental properties are now coming on to the market to serve the growing rental population, it will be the basic economic laws of supply and demand that ultimately dictate the rental price of property. Landlords will have little choice but to absorb letting agent fees themselves and, in time, will pass these on to tenants. In my view, credible, regulated letting agencies should be allowed to recover their reasonable costs. Some agents have added fuel to the fire by simply exploiting tenants with charges that bear absolutely no relation to the work entailed. Rents are likely to rise faster than house prices over the next five years, so the overall outlook for tenants is not great. A better solution would have been to create a more competitive fee environment (and yes, penalise some unjustifiable over-charging by the less scrupulous agents) whilst at the same time ensuring that landlords are not further discouraged from the investment market. If instead there was a bold public policy decision to support the expansion of rental housing (rather than the inverse) this would increase supply which would in turn, help maintain affordable rents.

LUXURY APARTMENT A

superb, luxury, one-bedroom apartment close to Streatham Hill Station. This good size, modern property has an open plan kitchen/reception room with quality integrated appliances including built-in microwave and conventional ovens, fridge/freezer and a full-size dishwasher. There is also a large luxury bathroom with bath and shower and a full-size double bedroom with fitted floor-to-ceiling wardrobes. The washing machine is housed in a utility closet in the hall and the apartment has very low running costs overall due to the high specification heating, doubleglazing and thick cavity insulation. The apartment has a private balcony and access to a landscaped resident’s communal gardens. Resident’s security is paramount with electronic fob-accessed entrance and storage area. A lift and stairs lead to all floors. Located in a very convenient location by Streatham Hill station, which runs a speedy commuter service into London Victoria (17 minutes), the apartment is close to many shops, bars, cafés and amenities on Streatham High Road. The property is available exclusively through Winkworth and is presented unfurnished and available to let from January 2018. Grevillehurst House, SW2, £1,300 per month, Winkworths Streatham 020 8769 6699

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FU_Advert narrow.qxp_PRINT 18/12/2017 14:38 Page 1

2018 BEGINS 21 Battersea Square SW11 3RA telephone 020 7771 7100 email battersea@first-union.co.uk

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THESMOKE 370 Old York Road SW18 1SP telephone 020 8480 4444 email wandsworth@first-union.co.uk

I WISH EVERYONE A BRILLIANT NEW YEAR! LANDLORDS, TENANTS, BUYERS, SELLERS! LET THE GOOD TIMES ROLL!

This charming period property, in Harborough Road, has one double bedroom, a lovely private garden and is set on a sought after road amongst many similar attractive period properties. A private entrance takes you to a secluded, quiet first floor flat that feels very homely. The internal space has 406 sq ft, a double bedroom with full height ceilings. KFH Streatham 020 3792 9809

£300,000

THEBURBS

A newly-built, one bedroom house in Croydon with patio area. There’s a bright and spacious living space leading to a open plan kitchen and upstairs the spacious bedroom has an en suite bathroom with separate shower. Freemasons Place is a short walk from East Croydon train station, with easy access to London and the south coast. James Chiltern 020 8012 5249

£300,000

JOHN CHASE DIRECTOR FIRST UNION

THESTICKS BAT TERSEA AND WANDSWORTH first-union.co.uk

A Grade II listed house in Sittingbourne updated to blend character (exposed brick and beams) with modern. There are three bedrooms (beams again), a good sized living and dining space with woodburner, roomy bathroom with bath and shower. A 50 ft south-facing, rear garden and off-road parking. Harrisons 01795 605030

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NEW YEAR NEWLOOK Have a browse and make yourself at home londonpropertysouth.co.uk 26

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THE TREND

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INTO STORE

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HOME HOTLIST UP >>NEW LEAF It’s time again to make a show of house plants (so 60s!). Mix textures, shades of green and sizes to bring life into a room

SOSOUTH

f you’ve got to slave in the kitchen you might as well do it in style. These beautiful, yet very practical utensils, are made from stainless steel with a slightly greenish gold finish by the Danish brand Bloomingville. They look even better when they are not in use! Serving spoon, £19.95; ladle, £24; whisk, £18.95; spatula, £20.95; cheese grater, £14.95; sieves (set of 3), £54, colander (below), £17.50. www.audenza.com

>>MATCH POINT Straight out of the wedding present list, full dinner services are off the table. Coordinating, craftsman-made pieces are the sets to impress

>>BREW HA HA! So many fussy (and environment impacting) ways to make a cup! The drip system takes it back to basics with style. Pour over coffee drip brewer, £99.95, www.audenza.com

>>FLOORED White painted floors only need constant touching up. Bring pattern to the floor with a classic wooden herringbone. It’s made to last

>>ON THE BEND An Edwardian furniture favourite, rattan was saved for the nation when Lulu Lytle bought the last UK factory standing. See www.soane.co.uk

>>IN THE PINK? If you were sold on peach in the 80s (all those swag curtains and Austrian blinds) you may not be ready to adopt the shade again.

>>BRIGHT START Vibrant colours and crazy patterns are set to cheer up long winter days. Wool & Cotton Traveller Armchair, £895, wwwiansnow. com

>>THERE ARE NO WORDS Hopefully we’ve finally seen the back of all those variations of Keep Calm…but other ‘witty’ sayings in decorative form remain. It is more than time for something more artful

DOWN By Jane Stevens

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NEW YEAR NEWLOOK Have a browse. Take inspiration from our brand new interiors guide. Make yourself at home.

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Matching people to homes 020 8299 3021 | roybrooks.co.uk

SHELBURY ROAD, SE22

ÂŁ950,000

Triumphant three bed semi with a 75ft garden that faces south west. Kitchen/diner, reception and period features. Seconds away from Peckham Rye Park and near great schools, trains/ Overground links, shops, bars and restaurants.

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For sales, please call Felicity, Stacy, Elaine or Wallace 19/12/2017 12:44

EXCLUSIVE

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PLENTY OFFRONT This outstanding Victorian semi-detached, double-fronted house, with a beautiful south-facing garden, occupies a highlydesirable position at the top of this prime street off Wandsworth Common and is on the market for the first time in 30 years

ith six bedrooms and three reception rooms it is perfect for a large family looking for a premium location and could be extended further into the basement. The substantial Victorian home has been well maintained and has an elegant frontage and retains a wealth of original features, including: a beautiful front metal canopy, tessellated hall floor, marble and other fireplaces and ornate ceiling mouldings. The property has a sizeable and light-filled kitchen/dining extension with numerous windows and French doors leading to the garden. It is well fitted and has an AGA in addition to conventional cooking appliances plus attractive stone worktops and tiled floor. There are also three lovely reception rooms. The garden is large, wide and beautifully stocked and receives sun all day long. It also houses a superb fully-wired home office with separate phone line.

Upstairs there is a generous first floor master suite with en suite bath/shower room and walk-in wardrobes, plus five more double bedrooms and two further well-fitted bathrooms arranged over two floors. Practical touches include a ground floor WC/cloakroom, a good cellar and wine store, eaves storage and handy side access. Granard Road is one of the most sought-after streets in the area and the property is just yards from Wandsworth Common and close to many good schools and nurseries. It is within walking distance of Wandsworth Common and Clapham Junction stations and Clapham South underground. Nearby the fashionable Bellevue and Northcote Roads provide a range of specialist shops, bars/restaurants and a thriving street market. Granard Road, SW12, ÂŁ2,795,000, John Thorogood 020 7228 7474

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THAMES SIDEVISTA This stylish, two-bedroom apartment overlooks the River Thames and the gardens of Chelsea Harbour

t comes with a modern, semi open-plan kitchen and elegant raised dining area, and also has an unusually large outside space overlooking the river. The flat also has two bathrooms, one parking space in a secure garage and onsite concierge services. Chelsea Harbour is situated on the north bank of the River Thames and was built on the site of an ex-British Rail Coal Yard and Victorianera railway coaling dock. The resulting development offers luxury riverside living with spectacular views across the River Thames and direct south-facing views over the marina. Designed by architects Moxley Jenner & Partners, and built by P&O & Globe Investment Trust through their subsidiary, Chelsea Harbour Ltd, the development is centred around a beautiful 50-berth

yacht marina, and, as such, has a subtle nautical feel to it. Chelsea Crescent is well located for the shops and restaurants on Kings Road. With Imperial Wharf station almost on the doorstep, central London is easily accessible with direct rail links to Clapham Junction, Shepherds Bush (for the Central line and Westfield shopping centre) and West Brompton (District line). The nearest tube stations to Chelsea Harbour are Fulham Broadway and Sloane Square (District/Circle line, Zones 1 & 2.) The River bus service is also available at Chelsea Harbour Pier during peak times.

‘Luxury riverside living with spectacular views across the River Thames’

Chelsea Crescent, Chelsea Harbour, London, SW10, £2,250,000, Knight Frank 020 3813 5874

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MAGIC GARDEN This delightful period property offers versatile accommodation over five floors which, together with its enviable rear garden, makes it ideal for family life and entertaining

he flat fronted three-storey house has rooms of handsome proportions and generous windows. It gives an option for multiple bedrooms or extensive formal living space, depending on what is required. Currently there are three bathrooms, five bedrooms and three reception rooms. These rooms include a reception hall with a study area, a living room/ bedroom and optional sitting room with lower ground floor storage space, a superb open plan sitting room with dining area and kitchen. On the first floor there is a reception room with an

additional modern fitted dining kitchen. The second floor contains a utility area, master bedroom, additional bedroom and optional sitting room. There is also a third floor bedroom/study. The garden which is accessed via the ground or lower ground floors is a wonderful lowmaintenance area with trees, shrubs, decking, pleasant seating areas, as well as a water feature.

‘Ideal for family life and entertaining’

St. Michael’s Road, London, SW9, £2,400,000, Marsh & Parsons 020 7733 4595

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NEW HOMES

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NEWHOMESUPDATE

A collection of nine luxury townhouses in Fulham, Bishops Row is set to launch at the end of January

Tim Banks, Octagon CEO, looks forward to the challenges of 2018

he New Year is upon us, and after what felt like a whirlwind 2017, peppered with a number of challenges thrown our way from around the globe, we approach the coming 12 months with some refreshing new zeal, fully prepared for what we envisage will be a strengthening, albeit demanding market. The Octagon name has always been the byword for luxury housing, available to the fortunate few who seek out the highest quality and attention to detail in their new home. This is something we will always hold sacrosanct when we launch our latest collection of stylish properties – in addition to our emblematic super-homes – which we believe will find favour with both the aspirational up and down-sizers. The new designs will be built at the forthcoming Broadoaks Park in West Byfleet, Surrey, and will range from elegant apartments and mews houses to spacious semis and detached family homes, and will start from a welcoming £500,000. Moving up the price spectrum, there has been a significant amount of excitement around our Wimbledon Village conversion of the Grade II listed Eagle House into eight mansion style apartments. We have a specialist

team at Octagon who focus on the renovation and conversion of period buildings who are highly regarded by such bodies as English Heritage, Civic Trusts, Victorian Society, and of course the local councils. Scheduled to go on sale early in the New Year, these one off homes start from £3m. In the interest of going into 2018 with not a moment of free time, our terrace of nine luxury super-sized townhouses in Fulham is also launching at the end of January, bringing our number of London-based properties to the highest it has been in several decades. Offering between 4,375-6,150 sq ft of internal space, as well as featuring 4-5 bedrooms, they have entertainment suites, gyms and wine cellars, sunken courtyards, secluded gardens and roof top terraces with a price guide departing from £4.995m. Finally, we wouldn’t be Octagon without our super homes, one of which will be launching on Titlarks Hill in the next few months. For a guide price of £15m, the home itself approaches 17,000 sq ft. Complete with a grand entrance hall, two independent staff suites and garaging for four cars, the new owners will also enjoy the full indoor leisure complex, including pool, gym, Jacuzzi, sauna, steam and treatment room.

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SHAPING UPNICELY

QUICKMARCH T

he last ten units have been released for sale at the Royal Military Academy, Woolwich by developer Durkan, as the final phase of its redevelopment is finished. Home to what is reputed to be the oldest cricket pitch in England, Winston Churchill’s alma mater and the birthplace of snooker, the Academy’s listed buildings have been lovingly restored and converted into 328 modern one, two, three, four and five-bedroom houses and apartments. The redevelopment, which took the listed buildings off Historic England’s AtRisk list, is an almost 50:50 split of luxury new build and refurbished units, 182 for private sale, 62 shared ownership, six affordable rent and 57 assisted living. The last 10 high specification, one and two-bed apartments all are uniquely designed with double-height living spaces and a galleried mezzanine. Many have double- or triple-height bedroom/ bathroom/study accommodation in one

of the original elegant octagonal turrets. Danny Durkan, Executive Chairman, said: “The Academy has been a particularly challenging, yet extremely satisfying and special project. It was in a poor state when we acquired it and we have restored it to its former glory, whilst creating stylish new homes perfect for today’s lifestyle. “The finished product is modern and exciting with an abundance of history. The unique apartments have beautiful contemporary designs by architects John McAslan & Partners that benefit from the original features and architecture of the 18th Century building. “It is a fantastic place to live, surrounded by the greenery of Woolwich Common yet with the urban allure of London close at hand. Residents will also benefit from the new Crossrail connection, due to open in 2018.”

hape Real Estate has partnered with Conran Contracts to create a unique show apartment and marketing suite. The Taper Building, which will house 56 luxury, one, two and three-bedroom apartments in the heart of bustling Bermondsey, minutes from the Shard, was launched last month The marketing suite will showcase the development through digital installations and projections and the show apartment will reflect industrial elements of Bermondsey’s past and incorporate leather elements into the interiors to resonate back to the area’s former incarnation as a leather market. The apartments will feature contemporary fitted kitchens with quartz worktops and integrated appliances, sleek white bathrooms with digital showers and porcelain floor titles, hardwood flooring in the living areas and fitted wardrobes in master bedrooms. Each apartment will have its own private outdoor space; high-tech media and internet services and climate control provided by underfloor heating, comfort cooling and heat recovery. Residents will also have access to a 24-hour concierge, a stateof-the-art gym, a landscaped central courtyard and rooftop garden with views of the Shard. Riccardo Dawson, Head of Design at Shape Real Estate, said: “This is our first development in Bermondsey and we chose the development for the excellent connections to the City and walking distance from London Bridge Station. These are homes for Londoners who want to work and live well in a vibrant and growing community.” The Taper Building, Long Lane, Bermondsey, SE1, from £595,000, Kinleigh, Folkard & Hayward 020 3486 2250, www.thetaperbuilding.com

www.theacademywoolwich.co.uk/availability

2 Bedroom Apartments from £649,950 Middleton Court, Worple Road, SW20 Contact the new homes specialists on 020 8879 9099 www.lauristons.com

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THELIFESTYLE THELOCATION Lauristons sell New Homes across South and South West London for a range of developers every year, and are now helping to find buyers for the exciting boutique builder Style and Space

ne of Style and Space’s latest development is in Wimbledon Park where its futuristic design demonstrates the way that dramatic, modern buildings can enhance and reinvent residential housing, while sitting comfortably in the existing street scene. The Revelstoke, in Revelstoke Road, is near leafy Wimbledon Park and just 10 minutes walk from the centre of Southfields and even closer to Earlsfield. It is a sensational boutique development of two and three-bedroom apartments. The concept is modernity through and through. On the outside, bricks, oxidised metal and double height windows make a visual statement of the best in contemporary residential design. Each apartment features beautifully conceived spaces, natural lighting and quality down to the finest detail. The Revelstoke offers a rare opportunity to experience stylish apartment living in one of London’s most desirable urban villages. It is characterised by inspirational modern design and extraordinary attention to detail. Large windows and light-wells allow plenty of natural light to spill into the apartments and yet they are orientated to maintain privacy. The

kitchens and bathrooms are beautifully conceived and fitted with storage space. The nine apartments have been designed to make the maximum use of space and the potential of the site has been realised by creating full basements, as well as mixing duplex and lateral apartments over four floors. The duplex form allows the basement to be used for bedrooms, linked to living accommodation on the level above. Private gardens and balconies ensure all the apartments have their own outdoor space, while planting to the front and rear of the properties helps to green-up the surrounding neighbourhood. The design, although startling and modern, also reflects the local context and sits comfortably within the street scene, re-inventing the local residential building stock. Previously the site was used as a carpet warehouse and a return to residential use restores something of the original feel of the neighbourhood. The Revelstoke, two-bedroom apartments from £769,000, three beds from £800,000, Lauristons New Homes 020 8879 9099, newhomessales@ lauristons.com

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Naturally exceptional At Octagon, we cherish our reputation for building classical homes in the most desirable locations, and Southlands is the perfect example. Located just moments from the High Street on one of Esher’s most sought-after private gated roads, this substantial new home offers lateral living across 3 floors. One of 6 double bedrooms, the large master suite enjoys ‘his and hers’ en-suites and dressing rooms, whilst a large kitchen/dining/ living room opens onto the landscaped 0.7 acre south-backing garden. Sitting behind a private gated entrance, the family home also includes an integral double garage and ample driveway parking. Esher and Claygate train stations are less than a mile away, offering a regular service into central London. Southlands is ideally positioned for excellent local schooling, including Milbourne Lodge, Claremont Fan Court School and ACS International School, as well as leisure facilities at Claremont Landscape Garden and Sandown Racecourse.

£5.25m SOUTHLANDS Sandown Avenue Esher, Surrey KT10 9NT OPEN WEEKENDS 10am – 4pm or by appointment SELLING AGENT Savills Easher: 01372 461 900

Distinctly Octagon

020 8481 7500 | OCTAGON.CO.UK 47

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MONEYTIP

anuary is often a time when we reflect on the excesses of the festive period and your finances should not be any different. Mortgage repayments are most households’ biggest outgoing, so reviewing your rate could yield savings. During 2017, we saw some of the lowest mortgage rates ever – the biggest winners were those who have significant equity in their home – perhaps 30pc or 40pc. Whilst the best pricing may have disappeared, increased competition means that despite a Base Rate rise, those rates available, even at higher loan to values, continue to be attractive. Not only that, broadening policy and criteria will allow more people benefit. If you are on SVR, coming to the end of your current offer or consider yourself a mortgage prisoner, it is worth reviewing your mortgage. Always work out the total cost of the deal – rate plus fees – when comparing products, rather than going purely by rate. It will differ according to the size of your loan, so checking the total cost ensures you don’t pay over the odds in the long run. So why not spend time shopping around or use a mortgage broker, so see if you are eligible for a better deal that could save you money?

MONEY MATTERS

JAN

TOKENGIFT?

13%

alking of offers that may not be all that they seem, Philip Hammond’s “gift” to firsttime buyers in the budget does not really help the market much. In fact even the Office for Budget Responsibility said that it might push prices up thereby making life harder for the very people it was supposed to help. Guy Anker of MoneySavingExpert.com says: “This could benefit lots of first-time buyers, but it’s unlikely to significantly affect whether someone can afford to buy their first home, as the key barrier in many regions is high house prices. The average firsttime buyer pays around £210,000 for their first home, which means they’ll save £1,640 on stamp duty under this new system. That’s clearly a step in the right direction but it won’t fundamentally change the housing market.”

The overall rise in London house prices between now and 2022, according to Knight Frank

2.34%

The average rate on two-year fixed rate mortgage since the base rate rose in November

NUMBERCRUNCHING

2.31%

The average rate on two-year fixed rate mortgage before the base rate rose in November

6/10

On a scale of 0 to 10, the likelihood of Brexit dampening house price growth in London

BESTBUYMORTGAGES

Fixed Rates

Lender

Rate

Until

Reversionary Rate

APR

Max. LTV

HLC

ERC

Product Fee

Exit Fee

Notes

Sainsbury’s Bank

1.19%

3/31/2020

4.24%

3.7%

60%

n/a

2%/1% until 31/03/20. 10% overpayments p.a. without penalty

£745 Product Fee

£100

Mx £1m. Free Valuation. Free legals for remortgages.

Santander

1.25%

3/2/2020

4.74%

4.2%

75%

n/a

3% until 02/03/20. 10% overpayments p.a. without penalty

£1499 Product Fee £225

TSB Bank

1.74%

1/31/2023

3.99%

3.2%

60%

n/a

5/4/3/2/1% until 31/01/23 10% overpayments p.a. without penalty

£995 Product Fee

£195

Mx £1m Purchase Only

TSB Bank

2.34%

1/31/2028

3.99%

3.0%

60%

n/a

6/6/6/6/6/5/4/3/2/1% until 31/01/28 5% overpayments p.a. without penalty

£995 Product Fee

Purchase Only Remortgage (Free Valuation & Legals) @ 2.39%

Min/Max loan £250k / £1.5m. Free Valuation. Free legals for remortgages.

Source: SPF Private Clients

Money.indd 1

19/12/2017 13:09

INTOTHEFUTURE– ANDBEYOND...

aking New Year forecasts might be a fun pastime, but is generally fairly pointless and they almost always turn out be wrong. However, Knight Frank’s predictions for the year ahead are a little bit different: to start with the forecasts actually look much farther into the future – as far as 2021; and second, they have a colour-coded chart explaining what could happen to knock its predictions off course. The headline figures – London prices will fall by 0.5 per cent this year (2108) but climb thereafter to finish the four-year period to 2022 up by about 13 per cent. Other parts of the UK will fare better and the north-west for example will enjoy rises of about 16 per cent overall during the period. The colour chart examining risks is more interesting. Knight Frank puts Brexit risk at 6 out of ten, where ten is the highest risk. It cites the dangers as being: “An unfavourable deal for the UK, or prolonged uncertainty past 2019. As well as wider economic implications, the lack of a deal could impact London’s status as a global financial centre.” The good news so far is that although Theresa May and David Davis are struggling in their negotiations with the EU, stock markets seem relatively

unconcerned by the uncertainty. At the time of writing the FTSE 100 index has risen almost incessantly since we voted to leave the EU 18 months ago. That can be explained by several factors: most FTSE companies are globally rather than locally focused and the weak pound has helped many of them. However, the FTSE 350, which is made up of more “British” companies, has performed pretty much the same, suggesting that investors are not too worried. Linked to Brexit is what Knight Frank calls Political Upheaval and is also rated 6 in terms of risk. Another general election anybody? The prospect of interest rates rising faster than expected is rated at 5, and there is probably less chance of that happening unless Brexit and Political Upheaval upset the apple cart. Property Tax Changes rank at just 3 as a risk for the country as a whole but jumps to 7 in the capital, as Knight Frank says: “After a series of changes to property taxes, policymakers implement more in purchase taxes. Any additional charges could curb activity.” Would the Mayor of London seek to raise money from homeowners to fund plans to build affordable housing or would the chancellor increase stamp duty of buyers of expensive homes, most of which are in the capital, to subsidise those buying less expensive homes? As with most forecasts it is anyone’s guess, but it is as well to be aware of the risks.

he London market was boosted last year by an increase in the number of buyers from India looking for either brand new flats in Docklands and White City, which they plan to let, or a family house in prime central London for their own use. According to Black Brick, a buying agent, Indians made up 13 per cent of its clients last year compared with 2.6 per cent in the previous 12 months. Cluttons says that Indians accounted for almost a quarter of sales in prime central London. The reason, apparently, is that the Reserve Bank of India has relaxed the rules on how much money citizens can take abroad. In the past a family of four could salt away $400,000 (£297,000) a year, but now that figure is $1 million, giving them far greater purchasing power.

Variable Rates Lender

Rate

Until

Rev. Rate

APR

Max. LTV

HLC

ERC

Product Fee

Exit Fee

Notes

HSBC Bank

1.24%

Tracker over base for 24 months

3.94%

3.5%

65%

n/a

None

£99 Booking Fee £900 Product Fee

Mx £5m

HSBC Bank

1.34%

Tracker over base for 24 months

3.94%

3.6%

75%

n/a

None

£99 Booking Fee £900 Product Fee

Mx £2m Free Legals for remortgages

Coventry BS

1.64%

Variable rate for term

n/a

1.7%

50%

n/a

None

£999 Product Fee

£125

Mx £1m Free Valuation. Free legals for remortgages.

HSBC Bank

1.49%

Tracker over base for 24 months

3.94%

3.8%

85%

n/a

None

£99 Booking Fee £900 Product Fee

Mx £400k Free Legals for remortgages

Money.indd 2

19/12/2017 13:09

FIVEOF THEBEST 1

EVENTS FOR YOUR DIARY

HIDEAWAY CLUB Streatham

JACK AND THE BEANSTALK New Wimbledon Theatre until Sun 14 Jan

Fe-fi-fo-fum, don’t miss this giant of a pantomime! A mighty beanstalk grows in SW19 and the cast brings to life – with obligatory laughs, hisses and boos – the story of Jack, the beanstalk, his mother Dame Trot, a beautiful princess and of course, the fearsome giant. www.atgtickets.com/shows/jack-and-thebeanstalk/new-wimbledon-theatre

LUMIERE LONDON Thur Jan 18-Sun Jan 21

A city-wide collection of magical installations to brighten London’s streets. More than 40 UK and international artists re-imagine the capital’s architecture and streets with dazzling displays of light. www.visitlondon.com/lumiere

Position Partner – Wimbledon Lettings Where do you live? Guildford

What and where was your first London home?

A rented flat in Sutton – not quite London but on the outskirts of Greater London

Favourite open space in London? St James Park

What do you consider your greatest achievement?

Becoming a parent and, work related, joining Knight Frank and visiting some of the most prestigious properties in the world

Tell us something that would surprise people about you. I love to dance (badly)

Aside from property what’s your most expensive purchase? Nothing very materialistic – I am a cheap date!

Favourite book, film or album now? 1984 by George Orwell

What did you want to be when you were growing up? A journalist

LONDON VISIONS Museum of London from Fri 19 Jan

Using video, installations and architectural narratives, this exhibition offers fantastical visions of a future London. Contemporary artists, architects and designers have been enlisted to explore ideas about tomorrow’s possible worlds. www.museumoflondon.org.uk

Estate Agent Knight Frank

Thur 11 Jan

Charlie Parker On Dial focuses on just two years of Bird’s hectic life as he revolutionised 1940s jazz in the process. Alto sax virtuoso Nathaniel Facey leads this narrated celebration of the jazz genius Charlie Parker, with a band including Alex Webb (narrator/ piano/MD). www.hideawaylive.co.uk

Name Ruth Barr

What three things would take to a desert island? Tea, chocolate and my Kindle

What is your most treasured possession? My family

ANDREAS GURSKY Hayward Gallery from Thur Jan 25

The Southbank institution finally reopens, after an extensive two-year refurb, with the first ever UK retrospective of German photographer Andreas Gursky. His sweeping, large-format images of modernity – Parisian apartment blocks, landfills, factory floors – astound and dazzle. www.southbankcentre.co.uk/venues/hayward-gallery

What is top of your bucket list?

To swim with dolphins

Who would you like to stuck in a lift with? Elvis the King

What is your guiltiest pleasure? Watching Corrie

50 Events_SA.indd 1

20/12/2017 09:30

Albert Road, Kingston KT1

Asking Price: ÂŁ1,150,000

An intimate private development of just three mews houses designed to complement and fit into the vernacular of the Albert Road setting, whilst conveniently situated to Kingston town centre and Kingston Railway Station which is within a 0.5 mile radius from the development providing good links into London Waterloo and Central London. Each of the houses whilst similar from the exterior have slightly different internal layouts. The houses are being constructed to the most up to date sustainable technology to ensure that the installed full heat recovery systems and solar panels perform during their lifetime to deliver low energy and comfortable homes.

New Homes: 020 8879 9099

Lauristons_JAN18_x7.indd 1

20/12/2017 14:02

Balham Balham 020 020 8772 8772 9373 9373 balham@lauristons.com balham@lauristons.com

Battersea Battersea 020 020 7978 7978 5800 5800 battersea@lauristons.com battersea@lauristons.com

Kennington Kennington 020 020 7385 7385 2296 2296 kennington@lauristons.com kennington@lauristons.com

Land Land 020 020 8943 8943 2211 2211 land@lauristons.com land@lauristons.com

New New Homes Homes 020 020 8879 8879 9099 9099 newhomes@lauristons.com newhomes@lauristons.com

Putney Putney 020 020 8780 8780 8780 8780 putney@lauristons.com putney@lauristons.com

Wandsworth Wandsworth 020 020 8417 8417 8054 8054 wandsworth@lauristons.com wandsworth@lauristons.com

Wimbledon Wimbledon 020 020 8946 8946 9468 9468 wimbledon@lauristons.com wimbledon@lauristons.com

Stannary Street, Kennington SE11

Asking Price: ÂŁ1,000,000 Freehold

This superb home is set in a gated development in the centre of Kennington, just a short stroll to the local amenities. The Oval and Kennington tube stations are equidistant so no problems getting around London without a car. Kennington Park is only a few hundred yards away offering a green space in the heart of the city, ideal for a walk or a morning run. The property offers spacious accommodation, including two good sized bedrooms, 2 bathrooms, a large open plan lounge/diner and kitchen. Outside there is a private garden and parking. EPC EER F.

Kennington Sales: 020 7385 2296

www.lauristons.com www.lauristons.com

Lauristons_JAN18_x7.indd 2

20/12/2017 14:02

Plough Road, Battersea SW11

Asking Price: ÂŁ750,000

This stunning three bedroom penthouse apartment is conveniently located just a short walk to the river and Clapham Junction station with its regular services into London and the South coast. This top floor apartment offers superb accommodation including a large open plan lounge/kitchen diner and a balcony, two good sized double bedrooms with the master benefitting from an en-suite shower room and balcony. The third bedroom which is also a double has a sliding wall which allows you to increase the size of your living accommodation when it is not in use. Outside there is a communal courtyard garden and a private parking bay. EPC EER C

Battersea Sales: 020 7978 5800

Lauristons_JAN18_x7.indd 3

20/12/2017 14:03