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Of course, penthouses come with a premium price tag, but do they represent good value for money and how do they perform against other types of property? If you are looking to minimise financial risk, then a penthouse seems to represent a strong option. Victoria Allner is Associate Director at Stutt & Parker agrees: “Penthouses tend to be less susceptible to market volatility. Achieving a premium over the non-penthouse apartments, they tend to hold value due to the limited stock and ‘best in class’ status. Due to their premium over non-penthouse apartments, their reputation and rarity, penthouses tend to be less affected by market volatility.” London has always been a popular choice for those seeking premium property; there is a sentiment among agents that demand will continue to outstrip supply and, as such, property remains a good investment. James Cohen, New Homes Associate at Knight Frank says, “London remains one of the most desirable cities in the world to live, so we expect the demand for luxury property to continue to grow. Access to concierge services, business suites and other resident amenities, such as landscaped gardens and roof terraces, will become even higher on a buyer’s lists of priorities as they look for more flexibility and a better work/life balance.” Ben Madden agrees, “The London luxury property market has always been held in the highest regard, attracting buyers from across the globe to invest their wealth, we do not see this changing anytime soon.” So, what is on offer? A wide range of styles and price points it seems. Prices can reach £75m or more for the very best location and finishes. Here is just a small selection of what is currently available from newly built London penthouses.
Contemporary degn An impressive development in the heart of historic Barbican close to the vibrant bars, shops and restaurants of Shoreditch, Clerkenwell and the City. The contemporary design is complemented by the private facilities including a 24-hour concierge, residents, entertainment room and private cinema. From smart one-bedroom retreats to spacious three-bedroom homes, this elegant address shines with luxurious details and inner calm. Individual balconies and terraces answer the need for an outdoor Dexters
retreat from urban life, and the concierge services are your ally to help navigate life in the world’s most exciting capital. With Barbican, Farringdon and Moorgate stations minutes away, you’re perfectly
From £740,000 / €815,010 / $959,813 – £2m / €2.2m / $2.6m
positioned to access the capital with ease.
Battersea Reach At almost 2,000 sq ft, this stunning luxury suite occupies a prime position on the front of Ascensis Tower at Battersea Reach, granting spectacular views of the river Thames. The open-plan reception/dining room and fully fitted kitchen give access to a generous balcony overlooking the river. The main bedroom also features a large balcony with beautiful river views, and offers a walk-in wardrobe and en suite bathroom with underfloor heating. The luxurious main bathroom is fitted with a bath and shower. The second bedroom is also en suite while a large separate guest bathroom serves the third bedroom. There is also a utility room and extra storage. Nest Seekers £2.2m / €2.4m / $2.8m
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