Page 1


WELCOME Welcome to Local View 2012. In the pages that follow, we hope to give you an insight into the unique London property market and showcase a selection of the most beautiful London properties currently for sale and to rent with Knight Frank. The London market has performed surprisingly well during the first half of the year, despite the economic uncertainty that persists in the Eurozone and in many of the wider, global markets. The capital became the focus of the world during our Great British Summer and our London offices experienced a surprising level of activity throughout most of this period. Looking ahead, there appears to be a two stream market divided by the £2m stamp duty threshold. Below this level, the market is active, whilst above the threshold the market is patchy. The continued uncertainty surrounding how properties owned in company names, or bought by ‘non-natural persons’, will be treated, has put some Prime and Super Prime buyers into ‘wait and see mode’ until the government’s consultation document is released at the beginning of December 2012. Despite this, London continues to attract interest from overseas investors, and the capital remains the number one destination in which to live, in the minds of many individuals from around the world. Knight Frank has continued to invest in its network, both in London and overseas. We have opened new offices in Islington and Marylebone, and the Riverside team has moved to a spectacular office at Albion Riverside. The team now covers the Battersea sales and rental markets. Overseas we have opened offices in Dubai, Qatar, Calcutta and South Africa, thus extending our reach to capture buyers and tenants from around the world. I trust you will enjoy reading the articles contained within this edition of Local View and leafing through the many pages of wonderful properties that our clients have asked us to find buyers or tenants for. If you see any properties that interest you or if you would like advice on any property matter then please do not hesitate to get in touch with any one of our offices.

Noel Flint Head of London Residential noel.flint@knightfrank.com

This Local View is one of a series of five publications covering the London area. To view and download a PDF or request a hard copy please visit KnightFrank.com/Publications Cover image: New End, see page 9


16

CONTENTS 50

4 London Market Overview 6 Belgravia 18 Chelsea 32 Kensington 46 Knightsbridge 58 Notting Hill 70 South Kensington 82 Knight Frank Service Directory 83 Knight Frank Office Directory 26

66

35


LONDON SALES MARKET

4

LONDON SALES MARKET SALES MARKET BY NUMBERS

Prime central London prices rise by

0.7% in September

Monthly growth pushes annual rise to

10% Quarterly pace of growth slows to

1.7%

September saw another month of positive growth in the prime central London residential market. Prices have now risen 51% since the post-financial crisis low in March 2009.

Average prime property values in central London now stand at a new record high, some 15% above their pre-crisis peak in March 2008.

The sub £2m bracket is also where price growth has been strongest, with an annual increase of 11.6%. Despite the weaker transaction volumes in the £2m-£5m bracket, the number of prospective buyers has been fairly evenly matched with available properties across all price bands. It is worth noting however that over the last six months, stock volumes have slowly begun to creep upwards, and are now around 10% higher than in September last year.

This growth in prices has taken place despite the impact of the March budget’s 40% rise in the top rate of stamp duty together with new, and still undefined, rules for an annual charge on £2m+ properties held in certain ownership structures and the reform of non-resident capital gains tax rules. But the budget tax changes have had an undeniable impact on activity levels in the market, with the volume of sales in the £2m-£5m sector falling 20% in the three months to September compared to the same period in 2011. Sales volumes above this bracket have been more robust, and there has also been a strong 23% rise in sales volumes for homes worth up to £2m.

London’s market performance continues to be aided by overseas buyers, who account for 41% of buyers in the £1m+ prime London sector, and more than 50% of buyers in the £2m+ market. This overseas demand is driven by Russian, Indian, Italian, US and French buyers – reflecting the diversity of the market.

Residential price change, indexed from March 2009

Top 10 buyer nationalities, 2012

The overseas demand is driven by Russian, Indian, Italian, US and French buyers – reflecting the diversity of the market.

150.0 145.0 140.0

UK

58.9%

Russia

4.3%

India

3.6%

125.0

Italy

3.5%

120.0

US

3.3%

France

3.2%

105.0

UAE

1.8%

100.0

Australia

1.6%

China (inc Hong Kong)

2.4%

Greece

1.3%

135.0 130.0

115.0

Prime central London UK

Jun-12

Dec-11

Mar-12

Jun-11

Sep-11

Mar-11

Dec-10

Jun-10

Sep-10

Mar-10

Dec-09

Jun-09

Sep-09

Mar-09

110.0


LONDON RENTAL MARKET

5

LONDON RENTAL MARKET RENTAL MARKET BY NUMBERS

Prime London rents fall

0.1% in September

Annual rental values fall

2.3% on an annual basis

Flats marginally outperform houses - falling respectively

2.0%

and

3.1%

over the past year

Like sales prices, prime rents have recovered rapidly since the market downturn in 2008-09, and are now nearly 25% higher than they were in mid-2009. Unlike capital values, rents hit a ceiling in October 2011 and have since declined, albeit marginally, by 2%. The main factor weighing on rents has been the state of the London economy. A bounce in activity in 2010 and 2011 saw London’s gross value added (GVA) measure of economic activity climb by an annual 1.9% and 1.7% respectively. But by the end of 2011 the economy was slowing as the Eurozone crisis put downward pressure on growth, confidence and recruitment, and the current estimate for London’s fullyear 2012 GVA growth stands a little below 1%. This weakness can be seen in data from Morgan McKinley, which confirmed that in terms of new employment vacancies in central London, 2012 is far underperforming the picture seen in both 2010 and 2011. The figures show that 2012 is in fact running a close race with 2009 to be the worst year for new vacancies since Morgan McKinley started recording this data in 2004. As a result we shouldn’t therefore be too surprised that rents have moved down over the past nine months.

But while rents may be performing below trend, activity has risen, with new lettings volumes in the first half of 2012 22% higher than the same period in 2011 in prime central London. This increase in activity reflects a broader shift in favour of the rental sector across the UK, due to the lack of mortgage market funding for new entrants in the owner-occupier market. For landlords this trend should permit above-inflation rental rises over the medium term, potentially helping to halt the long-term decline in income returns on prime residential investment. While gross yields of 3.5% have become more common in central London, investors’ attention is on total returns, which have averaged 11.4% annually over the last three years.

Annual growth in prime central London rents

Annual capital growth and average annual net income returns, prime central London

20.0%

40.0%

15.0%

30.0%

10.0%

20.0%

5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%

2008

2009

2010

2011

2012

10.0% 0.0% -10.0% -20.0% 97 98 99 00 01 02 03 04 05 06 07 08 09 10

11


BELGRAVIA

BELGRAVIA AREAS COVERED SW1E SW1H SW1P SW1V SW1W SW1X

Best known for: Buckingham Palace, foreign embassies, theatres and high-end hotels, bars and restaurants. Borough: City of Westminster Area: Belgravia’s grand terraces, white stucco-fronted architecture, garden squares and cluster of upmarket boutiques, jewellers and restaurants have attracted a cosmopolitan and international community. Being home to Buckingham Palace and a number of foreign embassies lends the area a reputation for being safe and secure – a quality increasingly prized by wealthy international buyers. Social and cultural attractions: The redevelopment of Motcomb Street, Orange Square and Elizabeth Street has created an appealing village atmosphere, with a selection of independent boutiques, delicatessens and Michelin-starred restaurants alongside bars, hotels and theatres. Sports and leisure facilities: As well as being close to the attractions of Hyde Park, Belgravia has a number of beautiful garden squares including Eaton Square and Belgrave Square, while keen golfers have the Knightsbridge Golf School on Lowndes Square. Our favourite places: The Thomas Cubitt, for fine British cuisine; The Nags Head, for a pint in a traditional pub; and Mossiman’s, a private dining club.

Getting around: Victoria, Sloane Square, Hyde Park Corner Victoria

7


8

BELGRAVIA SALES

SALES OVERVIEW

SALES BY NUMBERS

The market: There is still great demand for turnkey, newly refurbished properties from international buyers attracted to London due to its reputation as a safe haven for money; demand is also returning for unmodernised projects from domestic buyers encouraged by a continuing surge in property prices in prime central London. Our outlook: The market remains strong in Belgravia, underpinned by continued international and local demand. We are witnessing buyers from all corners of the globe, demand for properties below £2m is exceeding supply and the £10m+ market continues to see a high level of activity. Who buys here: Scandinavians, South Americans and New Zealanders, as well as the regular Middle Eastern and Russian buyers.

Grosvenor Crescent SW1X

International buyers have spent

£32.7

m

through us in the past six months On average we have achieved

97%

of the guide price on sales in the past six months Every day Knight Frank Belgravia properties are viewed

Our team in action:

In conjunction with our Residential Development team, Knight Frank Belgravia has been instrumental in achieving five sales in the new Grosvenor Crescent development. The sales team have also achieved several off market sales in the latest Berkeley Homes development in Ebury Square.

SALES INSIGHT

“Well-informed, cautious buyers are now prevalent within my market. Pricing is crucial to generating interest. The most exciting emerging hotspot is the area surrounding Victoria Station, which is undergoing regeneration.”

Stuart Bailey Head of Sales

716

times a day through our award-winning website


BELGRAVIA SALES

Eaton Terrace Immaculate Belgravia family home BELGRAVIA SW1

A superb Belgravia townhouse presented in immaculate order. Master bedroom with en suite bathroom, 3 further bedrooms, 4 further bath/shower rooms (1 en suite), drawing room, reception room, kitchen, dining room, study, laundry room, garden.

Freehold Guide price: ÂŁ6,200,000

Approximately 264 sq m (2,843 sq ft)

020 7881 7722

belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

9


10

BELGRAVIA SALES

Cambridge Street

Ebury Street

Newly refurbished family home

Apartment with large roof terrace

A fantastic, well-proportioned four bedroom house located on one of the most desirable streets in Pimlico.

A south west facing one bedroom apartment located on the third floor of this popular building.

Master bedroom with dressing area and en suite bathroom, Bedroom, bathroom, reception room, kitchen, terrace, 3 further bedrooms (1 en suite), further bathroom, lift, porter, roof terrace, private parking. reception room, kitchen, dining room, garden, 2 balconies. Approximately 68 sq m (735 sq ft) Approximately 182 sq m (1,965 sq ft)

PIMLICO SW1

BELGRAVIA SW1

Freehold Guide price: £2,350,000

Leasehold: approximately 88 years Guide price: £1,375,000

Eaton Place

Pimlico Road

Two bedroom apartment

Bright one bedroom apartment

A sophisticated and immaculate long leasehold apartment.

A rare to the market one bedroom south facing apartment located in the popular Orange Square.

Master bedroom with en suite shower room, further bedroom, further bathroom, reception room, kitchen, guest cloakroom, lift.

Bedroom, bathroom, reception room, kitchen, guest cloakroom, lift.

Approximately 109 sq m (1,181 sq ft)

Approximately 61 sq m (660 sq ft)

BELGRAVIA SW1

BELGRAVIA SW1

Leasehold: approximately 115 years Guide price: £2,950,000

Leasehold: approximately 142 years Guide price: £1,175,000


BELGRAVIA SALES

Eaton Square Exceptional two bedroom Belgravia apartment A stunning, newly refurbished raised ground floor apartment located in one of London’s most prestigious garden squares. Master bedroom with en suite shower room, 1 further bedroom, 1 further bathroom, reception room, kitchen, dining room, communal garden. Approximately 135 sq m (1,455 sq ft)

BELGRAVIA SW1 Leasehold: approximately 123 years Guide price: £4,450,000

Eaton Mews South Spacious three bedroom mews house A recently refurbished mews house with a good balance of living and entertaining space. Master bedroom with en suite bathroom, 2 further bedrooms with en suite bath/shower rooms, reception room, kitchen, media room, study, utility room, guest cloakroom, private parking. Approximately 184 sq m (1,983 sq ft)

BELGRAVIA SW1 Freehold Guide price: £4,350,000 020 7881 7722

belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

11


12

BELGRAVIA LETTINGS

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: A busy August and September period in all price sectors has corrected any oversupply issues. Clients who choose not to focus on presentation or whose pricing expectations are too high leave themselves exposed to void periods. Our outlook: Landlords delivering turnkey or newly refurbished properties can expect to achieve optimum rents. With a lack of supply in the super prime market, we still expect rents in this section of the market to perform well. Who rents here: We have an internationally diverse tenant base with applicants becoming increasingly younger.

Ebury Street SW1W

We have seen a

34%

decrease in available rental properties in the last 6 months

25%

of new tenancies agreed this financial year have been in excess of £3,000 per week

Our team in action:

In early 2012, our sales team concluded the sale on a fantastic family house in Ebury Street for an international buyer and his family. This summer the buyer relocated and we secured him a long term rental on a fully managed basis.

LETTINGS INSIGHT

“The most exciting emerging hotspot is the area surrounding Victoria Street and St James with the regeneration of Cardinal Place and the introduction of numerous new build schemes. My concern for the market is a reduced level of corporate relocation and reduced corporate budgets.” Tom Smith Head of Lettings

57%

of new tenancies agreed over the last 6 months were with international tenants


BELGRAVIA LETTINGS

Eaton Square Newly refurbished two bedroom penthouse An immaculate, recently refurbished fourth floor penthouse. Master bedroom with en suite bathroom and dressing room, a further double bedroom with en suite bathroom, reception room, kitchen, dining room, guest cloakroom, lift access, porter services. Approximately 167.5 sq m (1,802 sq ft)

BELGRAVIA SW1 Available unfurnished for long let Guide price: £3,650 per week

Eaton Square A stylish apartment with a private balcony An impeccable apartment located on one of London’s most prestigious squares. 3 double bedrooms, 3 bathrooms, reception room, fully fitted kitchen, dining room, private balcony, lift access, porter services. Approximately 148 sq m (1,595 sq ft)

BELGRAVIA SW1 Available unfurnished for long let Guide price: £2,650 per week 020 7881 7730

belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

13


14

BELGRAVIA LETTINGS

Ebury Mews

Ebury Street

Contemporary mews house

Grade II listed property

A three bedroom mews house.

A spectacular recently refurbished period house.

3 double bedrooms with en suites, reception room, kitchen/breakfast room, study, utility room, Juliet balcony, paved garden, integral garage.

Master bedroom with en suite bathroom and dressing room, 4 further bedrooms (2 en suite), bathroom, shower room, family room, garden, terrace.

Approximately 188 sq m (2,029 sq ft)

Approximately 339 sq m (3,684 sq ft)

BELGRAVIA SW1

BELGRAVIA SW1

Available unfurnished for long let Guide price: £1,950 per week

Available unfurnished for long let Guide price: £3,500 per week

Chesham Street

Eaton Place

A white stucco fronted building

Neutrally decorated apartment

A well-maintained two bedroom maisonette.

A one bedroom second floor apartment benefitting from direct lift access.

Master bedroom with dressing room and en suite bathroom, double bedroom with en suite shower room, reception room, kitchen/breakfast room, porter. Approximately 184 sq m (1,980 sq ft)

Double bedroom, bathroom, reception room, separate kitchen, direct lift access. Approximately 63 sq m (676 sq ft)

BELGRAVIA SW1

BELGRAVIA SW1

Available unfurnished for long let Guide price: £1,650 per week

Available furnished or unfurnished for long let Guide price: £650 per week


BELGRAVIA LETTINGS

Grosvenor Gardens Mews North Luxury house to rent in Belgravia A bright and spacious terrace mews house split over five floors. Master bedroom with en suite bathroom and dressing room, 2 further double bedrooms with en suite bathrooms, 2 further bedrooms, family bathroom, reception room, kitchen/breakfast room, dining room, sitting room, media room, 2 guest cloakrooms, utility room, secure underground parking. Approximately 431 sq m (4,650 sq ft)

BELGRAVIA SW1 Available furnished for long let Guide price: ÂŁ7,950 per week

Wilton Place A beautifully presented four bedroom house Grade II listed townhouse located just off Belgrave Square. 4 bedrooms, 4 bathrooms, reception room, kitchen, dining room, guest shower room, patio garden, roof terrace, garage. Approximately 324 sq m (3,483 sq ft)

BELGRAVIA SW1 Available unfurnished for long let Guide price: ÂŁ6,450 per week 020 7881 7730

belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

15


BELGRAVIA SALES

16

Chesham Street

Eccleston Mews

BELGRAVIA SW1

BELGRAVIA SW1

Guide price: £1,625,000

SOLD

Guide price: £2,350,000

SOLD

Vincent Street

Chester Street

PIMLICO SW1

BELGRAVIA SW1

Guide price: £2,850,000

SOLD

SOLD

South Eaton Place

Eaton Place

BELGRAVIA SW1

BELGRAVIA SW1

Guide price: £4,650,000

SOLD 020 7881 7722

Guide price: £4,650,000

SOLD belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

Guide price: £5,650,000


BELGRAVIA LETTINGS

Eaton Place BELGRAVIA SW1

Eaton Place Guide price: £1,250 per week

LET

BELGRAVIA SW1

Guide price: £2,500 per week

LET

Eaton Square

Eaton Place

BELGRAVIA SW1

BELGRAVIA SW1

Guide price: £3,250 per week

LET

Guide price: £4,000 per week

LET

Wilton Mews

Lower Belgrave Street

BELGRAVIA SW1

BELGRAVIA SW1

LET

Guide price: £8,000 per week

Guide price: £8,500 per week

LET 020 7881 7730

belgravia@knightfrank.com

KnightFrank.co.uk/Belgravia

17


CHELSEA

CHELSEA AREAS COVERED SW3 SW5 SW10

Best known for: King’s Road, Sloane Square, Chelsea Arts Club, the Flower Show and Chelsea FC. Borough: Royal Borough of Kensington and Chelsea Area: Chelsea’s beautiful garden squares and sense of community make it popular with families and young professionals. The area is synonymous with art and fashion, having been the focal point of the swinging sixties, and residents benefit from an abundance of boutique shops, restaurants, bars and cafés. Social and cultural attractions: Many people living here comment on how little they use their kitchens because the local cafés, gastropubs and restaurants are so good. Keen shoppers have the renowned King’s Road, while other places of interest include Chelsea Arts Club, the National Army Museum, The Physic Garden and The Royal Court Theatre. Sports and leisure facilities: Nearby Battersea Park is a great spot for jogging, cycling, rowing, fishing and other pursuits, while Burton Court features a number of tennis courts and the path along the embankment offers the perfect place for a riverside stroll. Our favourite places: The famous Beaufort House on the corner of the King’s Road and Beaufort Street; the renowned Pig’s Ear pub; and Busaba Eathai Thai restaurant.

Getting around: Sloane Square, Earl’s Court, West Brompton, Gloucester Road West Brompton, Imperial Wharf

19


20

CHELSEA SALES

SALES OVERVIEW

SALES BY NUMBERS

The market: Despite consistent demand, there has been a lack of available stock of family houses, which has led to little activity on this front. There is a huge appetite for turnkey apartments priced under £2m from both domestic and international buyers. Our outlook: We don’t see any reason why the high level of demand for properties under £2m will drop off, but because of uncertainty over government policy on ‘mansion tax’ and capital gains tax, the upper end of the market may prove to be slower. Who buys here: Predominantly domestic and Western European buyers, but we have also had buyers from South Africa and China.

On average we have achieved

98%

of the guide price on sales in the past six months We have

278 potential buyers on our books looking to spend a collective total of £1.16bn In the last six months alone, potential buyers from

Bailey House SW10

Our team in action:

We had multiple bidding on this after only a short time. The buyer was delighted with the purchase and two of the other interested parties went on to buy through Knight Frank; one through the Chelsea office and the other through our Riverside team.

SALES INSIGHT

“The most exciting emerging hotspot is Harcourt Terrace and the surrounding streets. The best thing to happen to the market would be for more turnkey apartments under £2m to become available because we have seen a surge in demand.” James Pace Head of Sales

134

different countries have viewed properties for sale through Knight Frank Chelsea


CHELSEA SALES

Tregunter Road Immaculately presented two bedroom flat

Located on one of Chelsea’s finest streets, this well-maintained flat is exceptionally bright with a south facing aspect at the front and open views over gardens at the back of the property. All the rooms have large windows, excellent ceiling height and plenty of storage space. 2 bedrooms, bathroom, reception room, kitchen. Approximately 70 sq m (755 sq ft)

CHELSEA SW10 Share of freehold Guide price: ÂŁ1,450,000

020 7349 4300

chelsea@knightfrank.com

KnightFrank.co.uk/Chelsea

21


22

CHELSEA SALES

Redcliffe Place Stunning maisonette with roof terrace

Presented in good condition throughout, this first and second floor duplex apartment benefits from superb entertaining space and a large roof terrace. Master bedroom with en suite bathroom, bedroom 2, bathroom, reception room, kitchen/breakfast room, study area, cloakroom, roof terrace (not demised). Approximately 135 sq m (1,460 sq ft)

CHELSEA SW10 Freehold Guide price: ÂŁ1,925,000


CHELSEA SALES

Bolton Gardens Mews Secure Chelsea mews house

Nestling between the prestigious addresses of The Boltons and The Little Boltons is this stunning and discreet mews house that is both flooded with natural light and offers a high degree of privacy and security.

CHELSEA SW10 Freehold Guide price: ÂŁ3,450,000

2/3 bedrooms, 3 bathrooms (2 en suite), reception room, kitchen/dining room, media room/bedroom 3 with en suite shower room/cloakroom, patio, garage. Approximately 151 sq m (1,633 sq ft)

020 7349 4300

chelsea@knightfrank.com

KnightFrank.co.uk/Chelsea

23


24

CHELSEA LETTINGS

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: While rents may be performing below trend, activity has risen, with new lettings volumes in the last three months 18% higher than the same period in 2011. This increase in activity reflects a broader shift in favour of the rental sector. Our outlook: Whilst affordability constraints are limiting the scope for rental growth, pricing remains historically high and we see this trend continuing. Who rents here: Western Europe, North America, Britain and affluent French nationals.

37%

of our properties are priced at £750 per week or over

Elm Park Gardens SW10

51%

of our tenants are non UK nationals

Our team in action:

A client was looking to buy a one bedroom flat in Elm Park Gardens as a rental investment. We felt the flat was compromised and were able to offer another property on the street offering a better yield. Our local knowledge and a strong client base proved invaluable.

LETTINGS INSIGHT

“My typical renter is often a high net worth family or individual with more than one fixed abode globally. International tenants want advice on local amenities, schooling and transport links. Knowledge and attention to detail is key.”

David Mumby Head of Lettings

41%

of our tenants are in their 30s


CHELSEA LETTINGS

Redcliffe Square A three bedroom split level apartment This property has been subject to extensive refurbishment throughout and boasts plenty of natural light and high ceilings. Master bedroom with dressing room and en suite bathroom, double bedroom with en suite bathroom, further double bedroom, bathroom, double reception room, kitchen/dining room, patio garden.

CHELSEA SW10 Available unfurnished Guide price: ÂŁ2,750 per week

Approximately 233 sq m (2,506 sq ft)

020 7349 4300

chelsealettings@knightfrank.com

KnightFrank.co.uk/Chelsea

25


26

CHELSEA LETTINGS

PAINTERS YARD A newly refurbished one bedroom flat This third floor flat is in an exclusive small gated development and is built around a landscaped courtyard which benefits from a west facing reception room. Bedroom, bathroom, reception room, kitchen. Approximately 58 sq m (620 sq ft)

CHELSEA SW3 Available furnished Guide price: ÂŁ700 per week


CHELSEA LETTINGS

Cheyne Row

Three bedroom renovated fire station CHELSEA SW3

This totally unique house used to be the old Chelsea Fire station and was converted by Coll Hill Spink into a stunning residential home. Master bedroom with en suite bathroom, 2 further bedrooms, shower room, reception room, kitchen/dining/sitting room, study area, utility room, cloakroom, decked rear garden.

Available furnished Guide price: ÂŁ2,250 per week

Approximately 195 sq m (2,104 sq ft)

020 7349 4300

chelsealettings@knightfrank.com

KnightFrank.co.uk/Chelsea

27


CHELSEA SALES

28

Elm Park Gardens

LAMONT ROAD

CHELSEA SW10

CHELSEA SW10

Guide price: £860,000

SOLD

Guide price: £1,550,000

SOLD

Redcliffe Road

Limerston Street

CHELSEA SW10

CHELSEA SW10

Guide price: £1,695,000

SOLD

SOLD

Justice Walk CHELSEA SW3

Glebe Place Guide price: £4,950,000

SOLD 020 7349 4300

Guide price: £3,650,000

CHELSEA SW3

SOLD chelsea@knightfrank.com

KnightFrank.co.uk/Chelsea

Guide price: £5,500,000


CHELSEA LETTINGS

Harcourt Terrace

Gertrude Street

CHELSEA SW10

CHELSEA SW10

Guide price: £850 per week

LET

Guide price: £850 per week

LET

Elm Park Gardens

Beaufort Street

CHELSEA SW10

CHELSEA SW3

Guide price: £875 per week

LET

Guide price: £1,550 per week

LET

Elm Park Gardens

Elm Park Road

CHELSEA SW10

CHELSEA SW10

LET

Guide price: £1,600 per week

Guide price: £3,500 per week

LET 020 7349 4300

chelsealettings@knightfrank.com

KnightFrank.co.uk/Chelsea

29


Local knowledge with a global reach The best properties from around the world and market-leading research on the Knight Frank app for iPhone and iPad.

Research materials available on iPad only. iPad and iPhone are trademarks of Apple Inc.

For more information please visit KnightFrank.com/iPad


t d

RESIDENTIAL DEVELOPMENT

CGI

Chelsea creek

London’s most prestigious new waterside address This luxurious, new, mixed-use development moments from fashionable Chelsea, King’s Road and Sloane Square offers a selection of 1, 2 and 3 bedroom apartments and penthouses in a dockside setting.

LONDON SW6 Leasehold Guide price: £909,950 - £5,000,000

Five star facilities include 24 hour concierge, a private health and fitness suite with gymnasium, swimming pool, sauna, steam room and treatment room. Private parking is also available. The tranquil setting is complemented by neighbouring Chelsea Harbour, Imperial Wharf and the River Thames.

CGI

CGI Contact Louise Godfrey

020 7610 9693

sales@chelseacreek.co.uk

31


KENSINGTON

KENSINGTON AREAS COVERED W8 W11 W14

Best known for: Holland Park, Hyde Park and Kensington Palace, with its latest residents being the Duke and Duchess of Cambridge. Borough: The Royal Borough of Kensington and Chelsea Area: Kensington strikes a pleasing balance of the old and new with its historic buildings and serene residential squares alongside the bustling High Street Kensington. So fashionable is the area that the luxury brand Mulberry now has its headquarters here. Social and cultural attractions: Kensington Palace, the Round Pond and The Princess Diana Memorial Playground are all popular with visitors, as is the iconic Barkers Building, now home to Wholefoods. In the summer, Holland Park hosts a season of outdoor operas. For evening entertainment, Kensington has numerous pubs, bars and restaurants, including the world famous Kensington Roof Gardens. Sports and leisure facilities: Holland Park, Kensington Gardens and Hyde Park are all in walking distance and are great spots for summer picnics as well as recreational activities such as running, cycling, boating and horse riding. Our favourite places: The Churchill Arms, a homely pub and Thai restaurant; The Windsor Castle, an infamous pub with a large beer garden; and Kensington Roof Gardens, London’s only rooftop private members club.

Getting around: High Street Kensington, Notting Hill Gate, Holland Park Avenue Fountain Image: Royal Parks Foundation/Charlotte Fielding

33


34

KENSINGTON SALES

SALES OVERVIEW

SALES BY NUMBERS

The market: Activity has been buoyant across the board and demand has risen steeply from overseas markets in particular. Over the past 12 months we have sold to 20 different nationalities, from Greeks and Americans to Russians and Lebanese. Our outlook: Demand for apartments and family houses is greater than supply and we predict that this trend will continue throughout 2012. Over the last six months prices have increased by 5.6% in Kensington and we predict further growth this year. Who buys here: Families are attracted to the green spaces and good schools, while young professionals appreciate the pubs, clubs and restaurants.

Stratford Road W8

International buyers have spent

£65.6

m

through us in the past six months We have

425

potential buyers on our books looking to spend a collective total of £3.02bn Every day our properties are viewed

Our team in action:

This house was on the market for over a year with another estate agent for an ambitious price. Once we were instructed our global network brought it to the attention of a French family who were relocating to London who subsequently bought it.

SALES INSIGHT

“We have seen a surge in demand for family properties with four or five bedrooms and investment flats priced under £2m. Buyers are increasingly analytical and wary of overpaying. The worst mistake a vendor can make is pricing before taking professional advice.” Mark Redfern Head of Sales

1,236

times through our awardwinning website


KENSINGTON SALES

Pembroke Gardens Wide family house with west facing garden

KENSINGTON W8

A beautifully presented semi-detached period family home offering an abundance of spacious family living and entertaining space throughout in this quiet, desirable Kensington street.

Freehold Guide price: ÂŁ6,750,000

4 bedrooms, 3 bathrooms, reception room, kitchen/breakfast room, dining room, library, conservatory, study, utility room, mature west facing garden. Approximately 326 sq m (3,511 sq ft)

020 7938 4311

kens@knightfrank.com

KnightFrank.co.uk/Kensington

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36

KENSINGTON SALES

PEEL STREET

Beautiful period family house A charming and well-presented family house located in this attractive street, off Kensington Church Street, offering flexible living and entertaining space with a large kitchen/dining room. 3 bedrooms, 2 bathrooms, reception room, kitchen/dining room, utility room, cloakroom, patio garden. Approximately 145 sq m (1,565 sq ft)

KENSINGTON W8 Freehold Guide price: ÂŁ2,400,000

BULLINGHAM MANSIONS Immaculate apartment in secure development

Beautifully presented and recently refurbished apartment on the raised ground floor of this sought after and exceptionally quiet, gated development in prime Kensington. 2 bedrooms, 2 bathrooms, reception room, kitchen, raised ground floor, resident porter. Approximately 84 sq m (907 sq ft)

KENSINGTON W8 Leasehold Guide price: ÂŁ1,350,000


KENSINGTON SALES

Iverna Court

Immaculate lateral flat with communal gardens KENSINGTON W8

A beautifully presented light and spacious first floor family apartment that has been meticulously designed and refurbished to a very high standard by the current owners, located in a popular portered period mansion block.

Share of freehold Guide price: ÂŁ3,500,000

5 bedrooms, 2 bathrooms, 2 reception rooms, balcony, communal garden, porter/concierge. Approximately 194 sq m (2,090 sq ft)

020 7938 4311

kens@knightfrank.com

KnightFrank.co.uk/Kensington

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38

KENSINGTON LETTINGS

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: The core market continues to perform well, however, we have noticed a decrease in corporate budgets in the mid-range. The house market continues to perform well with families attracted to the green spaces, good schools, culture and transport links. Our outlook: There are some exciting new developments coming up in the next few years, ranging from the De Vere development to the Holland Park School. Smaller portfolio landlords continue to raise their game, which has led to some good quality and new records being set for price. Who rents here: International students, families and professionals relocating for work or study opportunities.

65% of our tenants are international

44%

of our tenancies in the last 12 months have been for properties priced at £750 per week or below

Although we cover a broad spectrum of properties in Kensington,

Gloucester Walk W8

Our team in action:

We valued a mansion flat on Gloucester Walk in Kensington for a lady looking to downsize. We sourced a long-term tenant for her before the property was even marketed, agreed a schedule of works that increased the weekly rent and organised a smaller flat for her.

LETTINGS INSIGHT

“The best thing to happen for the market would be for mortgage lending to investor landlords to ease. I expect to see a moderate growth in overall demand but a pretty flat line as far as rents are concerned due to affordability constraints.”

Giles Barrett Head of Lettings

26%

of our new instructions in the last 12 months have been for properties priced at £2,500 per week or above


KENSINGTON LETTINGS

Earls Terrace Beautiful family house with swimming pool This stunning family house is set over six floors and is ideally situated on the highly sought after and exclusive Earls Terrace. 4 reception rooms, kitchen, dining area, dining room, study, indoor swimming pool, garden, terrace, underground parking, utility room, storage. Approximately 468 sq m (5,041 sq ft)

KENSINGTON W8 Available unfurnished Guide price: ÂŁ7,500 per week

Holland Park Road Unique apartment set in beautiful gardens A raised ground floor flat finished to a very high standard and benefitting from an excellent reception room with high ceilings and views over the private communal garden. 2 bedrooms, en suite bathroom, en suite shower room, reception room, open-plan kitchen, access to communal gardens, garage available on separate negotiation. Approximately 109 sq m (1,184 sq ft)

HOLLAND PARK W14 Available unfurnished Guide price: ÂŁ1,195 per week 020 7937 8203

kens@knightfrank.com

KnightFrank.co.uk/Kensington

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40

KENSINGTON LETTINGS

Oakwood Court Immaculate lateral flat with communal gardens Located on the fifth floor of one of Holland Park’s most sought after mansion blocks is this beautifully presented, light and spacious family apartment that has been meticulously designed and refurbished. 4 bedrooms, 4 bathrooms, 2 reception rooms, kitchen/ breakfast room, study, utility room, entrance hall, lift, porter/concierge, communal gardens. Approximately 228 sq m (2,463 sq ft)

HOLLAND PARK W14 Available unfurnished Guide price: £2,250 per week

Kensington Square One bedroom apartment with communal gardens This recently refurbished third floor apartment benefits from a spacious reception room with views over Kensington Square gardens. Bedroom, bathroom, reception room, kitchen, communal gardens and garden square. Approximately 154 sq m (574 sq ft)

KENSINGTON W8 Available furnished Guide price: £525 per week


KENSINGTON LETTINGS

Kensington Gate Ideal family house with fantastic entertaining space This is an immaculate family house ideally situated on Kensington Gate. A highly sought after and desirable address in Kensington, it benefits from a conservatory leading out on to the private garden. 6 bedrooms, 4 bathrooms, 5 reception rooms, kitchen, study, utility room, terrace, gardens, set over 5 floors. Approximately 335 sq m (3,608 sq ft)

KENSINGTON W8 Available unfurnished Guide price: ÂŁ6,000 per week

Holland Park Magnificent apartment with roof terrace This apartment has been refurbished to a very high standard and boasts a second reception room with its own bar which leads out on to a private roof terrace overlooking Kensington. 3 bedrooms, 3 bathrooms, reception room, kitchen, roof terrace. Approximately 177 sq m (1,907 sq ft)

HOLLAND PARK W11 Available furnished or unfurnished Guide price: ÂŁ2,750 per week 020 7937 8203

kens@knightfrank.com

KnightFrank.co.uk/Kensington

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KENSINGTON SALES

42

Bedford Gardens

Campden HILL GARDENS

KENSINGTON W8

KENSINGTON W8

Guide price: £550,000

SOLD

Guide price: £1,350,000

SOLD

Phillimore Gardens Close Oakwood Court KENSINGTON W8

Guide price: £3,200,000

SOLD

Guide price: £3,650,000

SOLD

Douro Place KENSINGTON W8

Stratford Road Guide price: £5,950,000

SOLD 020 7938 4311

HOLLAND PARK W14

KENSINGTON W8

SOLD kens@knightfrank.com

KnightFrank.co.uk/Kensington

Guide price: £6,750,000


KENSINGTON LETTINGS

Mount Carmel Chambers

Kensington Square

KENSINGTON W8

KENSINGTON W8

Guide price: £525 per week

LET

Guide price: £525 per week

LET

Kensington Church Court Phillimore Gardens KENSINGTON W8

Guide price: £795 per week

LET

KENSINGTON W8

Guide price: £1,900 per week

LET

Campden House Terrace

Addison Road

KENSINGTON W8

HOLLAND PARK W14

LET

Guide price: £2,400 per week

Guide price: £3,500 per week

LET 020 7937 8203

kens@knightfrank.com

KnightFrank.co.uk/Kensington

43


Sold

Perrymead Street, Fulham SW6 5 bedrooms £2,950,000

Let

Let

Hurlingham Road, Fulham SW6 6 bedrooms £2,300 per week

Sold

Sold

Lanfrey Place, West Kensington W14 3 bedrooms £895,000

Let

Alderville Road, Fulham SW6 4 bedrooms £1,000 per week

Radipole Road, Fulham SW6 6 bedrooms £2,800,000

Waldemar Avenue, Fulham SW6 1 bedroom £425 per week


For Sale

To Let

Epirus Road, Fulham SW6 5 bedrooms £1,800,000

Winchendon Road, Fulham SW6 5 bedrooms £1,500 per week

Exceptional results in Fulham At Knight Frank Fulham we know the market. And it’s not just about our years of experience in the area, it’s about the results we deliver for our clients. We pride ourselves on the quality of our service, but dont just take our word for it... “In my opinion the best and most personal service in Fulham.” Mr P. If you’re considering buying, selling, renting or letting a property in the area contact us on 020 7751 2400 to see what we can do for you.

KnightFrank.co.uk/Fulham

For Sale

Tyrawley Road, Fulham SW6 4 bedrooms £1,895,000


KNIGHTSBRIDGE

KNIGHTSBRIDGE AREAS COVERED SW1 SW7 SW3

Best known for: The luxury brand shops and boutiques on Sloane Street including Chanel, Dior, Prada, Hermes together with local department stores Harrods and Harvey Nichols, museums, and the development One Hyde Park. Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster Area: Home to some of the world’s most prestigious venues, shops, hotels and restaurants, Knightsbridge sits to the west of Sloane Street and south of Hyde Park. The area is characterised by beautiful garden squares as well as its red brick mansion blocks and white stucco-fronted houses and apartments. Examples of this wonderful architecture can be found on Pelham Crescent, Egerton Crescent, Cadogan Place, Cadogan Square, Alexander Square and Lennox Gardens. Social and cultural attractions: Knightsbridge benefits from having some exceptional hotels such as The Jumeirah Carlton Tower, Sheraton Park Tower, and The Mandarin Oriental, which is home to the world-renowned restaurant Dinner by Heston Blumenthal. Places of interest nearby include the V&A, Natural History Museum, Science Museum, Royal Albert Hall, Brompton Oratory, The Saatchi Gallery and Cadogan Hall. Sports and leisure facilities: Hyde Park, London’s largest royal park, is within walking distance and offers everything from boating to tennis courts, The Serpentine Gallery and hosts music concerts such as Proms in The Park. Also found in Knightsbridge are some of the most luxurious gymnasiums including KX gym, The Peak and The Berkeley. Our favourite places: Zafferano, a Michelin-starred Italian restaurant; Zuma for contemporary Japanese cuisine; Scalini for authentic Italian; Amaya for Indian fusion; and Bibendum for classic French cuisine.

Getting around: Knightsbridge, Sloane Square, South Kensington

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48

KNIGHTSBRIDGE SALES

SALES OVERVIEW The market: There continues to be an appetite from global buyers who are looking to find wonderful homes in Knightsbridge, ranging from the occasional home of a lateral apartment to a trophy family home in Egerton Crescent or similar. Our outlook: Knightsbridge continues to attract the international purchaser wanting to acquire a home in one of the best areas in central London. During the summer we experienced the normal lull in activity whilst our clients enjoyed their summer homes. The September market has commenced as usual. Who buys here: Knight Frank sold properties to over 60 nationalities last year, many of whom reside in Knightsbridge.

SALES BY NUMBERS International buyers have spent

£75.1

m

through us in the past six months

35%

of our sales in the last six months were priced under £1.5m

The Knightsbridge SW7

Our team in action:

We sold a Knightsbridge property to a client in 2008. He asked us to resell it in 2010 as he was moving to Switzerland. Within one hour we had arranged for the client to meet with our Swiss office in Geneva and recommended a tax advisor for planning the move. Prior to marketing the property we arranged for it to be redressed and within a couple of months it sold.

SALES INSIGHT

“The best thing to happen to the market would be for positive signs in the Eurozone, stability in America and the feared substantial UK tax changes to be measured. Buyers are increasingly focussed on service and trusted advice.” Eliza Leigh Head of Sales

Our global residential search has more than

577,000 visitors per month from around the world


KNIGHTSBRIDGE SALES

Pelham Crescent Elegant Knightsbridge house

An immaculate white stucco fronted house positioned on the favoured section of the crescent in one of Knightsbridge’s finest addresses, with a stunning west facing rear garden.

KNIGHTSBRIDGE SW7 Freehold Guide price: ÂŁ11,500,000

Master bedroom suite, 4 further bedrooms, 3 further bath/shower rooms, dressing room, kitchen, first floor drawing room, dining room, family room, study, playroom, cloakroom, utility, balcony, west facing rear garden. Approximately 314 sq m (3,385 sq ft)

020 7591 8600

knightsbridge@knightfrank.com

KnightFrank.co.uk/Knightsbridge

49


50

KNIGHTSBRIDGE SALES

Hans Place

Exceptional lateral penthouse with garage A superb penthouse located on the east side of this famous Knightsbridge garden square offering great lateral space and a rare 60ft west facing terrace. Master bedroom suite, further bedroom with en suite shower room, study/ bedroom 3, kitchen/breakfast room, double reception room, cloakroom, terrace, resident porter, storage room, secure lock up garage, lift, use of communal gardens by arrangement. Approximately 169 sq m (1,820 sq ft)

KNIGHTSBRIDGE SW1 Leasehold: approximately 119 years unexpired Guide price: ÂŁ6,750,000


KNIGHTSBRIDGE SALES

Alexander Square Stunning Knightsbridge house with garden

A beautiful, newly refurbished freehold house that has been finished to a very high specification, situated in this highly sought after private road in Knightsbridge. Master bedroom suite with separate dressing room, guest bedroom suite, 2/3 further bedrooms, 2 further bath/shower rooms, kitchen/breakfast room, dining room, double drawing room, study, media room, family room/bedroom 5, utility room, cloakroom, air conditioning to upstairs bedrooms, rear garden, first floor balconies.

KNIGHTSBRIDGE SW3 Freehold Guide price: ÂŁ9,250,000

Approximately 288 sq m (3,109 sq ft)

020 7591 8600

knightsbridge@knightfrank.com

KnightFrank.co.uk/Knightsbridge

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52

KNIGHTSBRIDGE LETTINGS

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: There has been demand at all levels from one bedroom flats to exclusive three bedroom apartments in One Hyde Park and from three bedroom townhouses to large family houses. Our outlook: The summer months have been busy in the Knightsbridge lettings market and the oversupply of stock that we had six months ago has steadily dwindled. This, combined with the increasing volume of deals should mean rental levels may start to rally again. Who rents here: The end of the summer coming into autumn has seen demand from families relocating at the start of the new academic year and from international students.

Paradise Walk SW3

50%

of our applicant enquiries come via our multilingual website The number of new tenancies is up by

38% over the last six months Supply and demand has been matched for properties between

Our team in action:

This house was sold via our office in Chelsea to an investor landlord at asking price. We advised the landlord to redecorate the house to maximise the rental income, this was done via our Lettings Management Department. The house was then let the day the decorators vacated.

LETTINGS INSIGHT

“The rental market has been very busy over the summer with an increase in the different nationalities of tenants looking to rent. In Knightsbridge, One Hyde Park continues to shine, though the demand has been strong at all levels.”

Juliet Hill Head of Lettings

£750 - £2,500 per week, 51% new properties coming to the market and 52% applicants looking


KNIGHTSBRIDGE LETTINGS

One Hyde Park London’s most exclusive address in the heart of Knightsbridge  The apartment has been interior designed by Candy & Candy and enjoys south facing views over Knightsbridge. 3 double bedroom suites, reception room with balcony, kitchen, dining room, underground parking space, wine cellar, storage room and extensive amenities including 24 hour concierge, Mandarin Oriental service and exclusive leisure/spa services.

KNIGHTSBRIDGE SW1X Available furnished Guide price: £18,500 per week

Approximately 325 sq m (3,500 sq ft)

020 7591 8601

knightsbridgelettings@knightfrank.com

KnightFrank.co.uk/Knightsbridge

53


54

KNIGHTSBRIDGE LETTINGS

Pelham Court

Cadogan Gardens

Overlooking Pelham Crescent

Lovely light flat

Interior designed to an exceptional standard, this immaculate flat overlooks Pelham Crescent.

A second floor flat with leafy views, very close to Sloane Square and the King’s Road.

2 bedrooms, bathroom, reception room, kitchen, lift, porter.

3 bedrooms, 3 bathrooms, reception room, kitchen, access to square gardens.

Approximately 68 sq m (740 sq ft)

Approximately 126 sq m (1,351 sq ft)

CHELSEA SW3

KNIGHTSBRIDGE SW3

Available furnished Guide price: £850 per week

Available unfurnished Guide price: £1,450 per week

REDBURN STREET

Pont Street

Ground floor maisonette

Interior designed flat

The flat is located in a quiet Chelsea Street close to the King’s Road and benefits from a patio garden.

First floor flat just minutes from the exclusive designer shops and restaurants of Knightsbridge.

2 double bedrooms, bathroom, en suite cloakroom, reception room, eat-in kitchen, patio garden.

Double bedroom, bathroom, reception room, kitchen.

Approximately 126 sq m (1,351 sq ft)

Approximately 50 sq m (538 sq ft)

CHELSEA SW3

KNIGHTSBRIDGE SW1

Available furnished Guide price: £725 per week

Available furnished or unfurnished Guide price: £780 per week


KNIGHTSBRIDGE LETTINGS

Montpelier Square Wonderful house in prime Knightsbridge square The house has undergone an extensive refurbishment programme using bespoke fixtures and fittings throughout and provides excellent entertaining space. 5 double bedrooms, 4 bathrooms, large first floor reception room, family room, study, conservatory, cinema, kitchen, utility room, cloakroom, storage room, patio garden, lift. Approximately 293 sq m (4,232 sq ft)

KNIGHTSBRIDGE SW7 Available furnished Guide price: ÂŁ7,000 per week

Ennismore Gardens Immaculate flat close to Hyde Park Interior designed triple aspect flat with a south facing balcony overlooking this popular garden square within easy walking distance of Hyde Park. 2 double bedrooms, 2 en suite bathrooms, reception room, kitchen, cloakroom, utility room, 2 balconies, lift, access to square gardens. Approximately 133 sq m (1,429 sq ft)

KNIGHTSBRIDGE SW7 Available furnished Guide price: ÂŁ4,000 per week 020 7591 8601

knightsbridgelettings@knightfrank.com

KnightFrank.co.uk/Knightsbridge

55


KNIGHTSBRIDGE SALES

56

Guthrie Street

Wellington Square

CHELSEA SW3

CHELSEA SW3

Guide price: £2,250,000

SOLD

SOLD

Ennismore Gardens

Walton Place

KNIGHTSBRIDGE SW7

KNIGHTSBRIDGE SW3

Guide price: £7,250,000

SOLD

Guide price: £7,500,000

SOLD

The Knightsbridge

ALBERT COURT

KNIGHTSBRIDGE SW7

KNIGHTSBRIDGE SW7

Guide price: £7,750,000

SOLD 020 7591 8600

Guide price: £6,450,000

SOLD knightsbridge@knightfrank.com

KnightFrank.co.uk/Knightsbridge

Guide price: £8,000,000


KNIGHTSBRIDGE LETTINGS

Tite Street CHELSEA SW3

First Street Guide price: £575 per week

KNIGHTSBRIDGE SW3

LET

Guide price: £1,450 per week

LET

Milner Street

Shawfield Street

KNIGHTSBRIDGE SW3

CHELSEA SW3

Guide price: £1,950 per week

LET

Guide price: £2,300 per week

LET

Cadogan Place

Egerton Terrace

KNIGHTSBRIDGE SW1

KNIGHTSBRIDGE SW3

Guide price: £2,350 per week

LET

Guide price: £6,950 per week

LET 020 7591 8601

knightsbridgelettings@knightfrank.com

KnightFrank.co.uk/Knightsbridge

57


NOTTING HILL

NOTTING HILL AREAS COVERED W11 W10 W2

Best known for: Its diversity, the Notting Hill Carnival (Europe’s largest street party), Portobello Road market (a mecca for bargain hunters), its bohemian vibe and charm and, of course, the iconic movie Notting Hill (starring Hugh Grant and Julia Roberts). Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster Area: Notting Hill is a wonderful balance of peace and tranquility combined with the buzz and excitement of the city. Residents are attracted to the ‘bohemian-meets-cool’ atmosphere and the diverse mix of people and places, from the magical and idyllic garden squares, to the boutiques and café culture of Westbourne Grove and the hustle and bustle of Portobello Road and Notting Hill Gate. Social and cultural attractions: Notting Hill is home to Europe’s largest street party – the Notting Hill Carnival. The huge range of bars, gastropubs and award-winning restaurants means you can experience excellent food and drink from all corners of the globe. The Electric Cinema and the Coronet show the latest blockbusters, while The Gate Picturehouse caters for those looking for something a little more arthouse. Other attractions include The Museum of Brands Packaging and Advertising and The 20th Century Theatre. Sports and leisure facilities: As well as having many beautiful communal gardens, Notting Hill is close to the wide open spaces of Hyde Park, Kensington Gardens and Holland Park. Holland Park is renowned for its Kyoto Garden, sports facilities and picturesque walk to Kensington High Street. There are also a number of cycling routes, sports clubs, yoga and pilates centres. Our favourite places: The Ledbury, a restaurant with two Michelin stars; The Oak, for wood-fired pizzas; Granger & Co, courtesy of Australian celebrity chef Bill Granger; E&O, for pan-Asian cuisine and inventive cocktails; Hummingbird Bakery, for exquisite cupcakes; Assaggi, for wonderful Italian dining tucked away on a cobbled mews; Julie’s, regarded as the ‘rock chic’ restaurant of the world; Dock Kitchen in W10, a waterside restaurant; Jamie Oliver’s new venture Recipease, which has just opened on Notting Hill Gate; and for arguably the best coffee in town go to The Grocer on Elgin Crescent and seek out Samir.

Getting around: Notting Hill Gate, Holland Park, Ladbroke Grove Paddington

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60

NOTTING HILL SALES

SALES OVERVIEW

SALES BY NUMBERS

The market: The goal of the Olympics and Paralympics was to ‘inspire a generation’ with London being showcased to the world, and it didn’t disappoint. As we embrace this spirit, the autumn market in Notting Hill is showing positive signs of renewed activity. Our outlook: Notting Hill remains a resilient market place and we are hoping that we can inspire another generation to fall in love with this vibrant area. Against a backdrop of financial and economic concerns around the world, the market has a strong and robust pulse. Who buys here: From bankers to musicians, lawyers to artists, those from all professions love the vibrant atmosphere and spirit of the area.

On average we have achieved

97% of the guide price on sales this year We have

320

potential buyers on our books looking to spend a collective total of £1.70bn In the past 9 months our iPhone/iPad app has been downloaded by people from Stanley Crescent W11

Our team in action:

The appetite for Notting Hill’s highly prized garden square houses is evidenced by the current marketing of a truly wonderful unmodernised house in Stanley Crescent. In just a few days of marketing we have had multiple bidding in excess of the guide price.

SALES INSIGHT

“The best thing to happen to the market would be for clarification on tax issues, an avoidance of overambitious pricing and continuing demand from overseas buyers. This year I expect to see an active autumn market with a slower rate of price growth.” Caroline Foord Head of Sales

96 countries


NOTTING HILL SALES

61

Westbourne Grove Exceptional lateral space in prime location A newly developed maisonette, finished to an exceptional standard offering wonderful lateral space and set over the top two floors of this elegant period building. Master bedroom with dressing room and en suite bathroom, 3 further bedroom suites, 2 reception rooms, kitchen, 2 roof terraces, additional storage, lift with direct access. Approximately 320.1 sq m (3,446 sq ft)

NOTTING HILL W11 Leasehold Guide price: £7,950,000

St. James’s Gardens Generous Victorian family home This beautiful home offers flexible accommodation with a separate lower ground floor flat. 4 bedrooms, 2 bathrooms, 3 reception rooms, kitchen, study, utility, guest cloakroom, balcony, garden. Separate flat: Bedroom, bathroom, 2 reception rooms, kitchen, terrace. Main house Approximately 228.5 sq m (2,460 sq ft) Separate flat Approximately 74.3 sq m (800 sq ft) Total area Approximately 302.5 sq m (3,260 sq ft)

NOTTING HILL W11 Freehold Guide price: £5,950,000 020 7229 0229

nottinghill@knightfrank.com

KnightFrank.co.uk/NottingHill


62

NOTTING HILL SALES

Palace Court Mansion block apartment

Magnificent raised ground floor three bedroom apartment in this secure portered mansion building boasting a 40ft interconnecting double reception room with southerly views of Palace Court and a shared patio. 3 bedrooms, 3 bathrooms, 2 reception rooms, kitchen/breakfast room, guest cloakroom, shared patio. Approximately 226.5 sq m (2,438 sq ft)

NOTTING HILL W2 Share of freehold Guide price: ÂŁ3,650,000

Ledbury Road Maisonette in popular location

A well-presented two bedroom maisonette on the top two floors of this period building situated on this popular street just off Westbourne Grove. 2 bedrooms, bathroom, reception room, separate kitchen. Approximately 78.1 sq m (841 sq ft)

NOTTING HILL W11 Leasehold Guide price: ÂŁ995,000


NOTTING HILL SALES

Cornwall Crescent Spacious Notting Hill home

A spacious and light house arranged over four floors and currently consisting of two bedrooms which could be reconfigured to create a wonderful family home. 2 bedrooms, freestanding bath in master bedroom, wet room, bathroom, 3 reception rooms, kitchen, guest cloakroom, garden. Approximately 179.5 sq m (1,932 sq ft)

NOTTING HILL W11 Freehold Guide price ÂŁ2,850,000

Chepstow Place Well balanced accommodation

An excellent third floor (with lift) two bedroom apartment in this white stuccoed building with a west facing reception room offering attractive views. 2 bedrooms, bathroom, reception room, separate kitchen. Approximately 86.2 sq m (928 sq ft)

NOTTING HILL W2 Leasehold Guide price ÂŁ1,365,000 020 7229 0229

nottinghill@knightfrank.com

KnightFrank.co.uk/NottingHill

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64

NOTTING HILL LETTINGS

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: Demand for high value properties is strong with a growing number of European and American firms increasing the number of corporate relocations into the City. Stock levels are increasing and we are seeing more activity across the board after the Olympics. Our outlook: The market continues to be busy as we head into the late autumn after a slower than usual summer market. We are seeing increased activity from relocation agents and applicants and with higher stock levels there is more business being done across the board. Who rents here: Notting Hill attracts an eclectic mix of young professionals, families and those who have retired.

82%

of our tenancies agreed in the last 12 months have been with international tenants

32%

of our new instructions in the last 12 months have been for properties priced between £500 - £750 per week

Ladbroke Grove W11

Our team in action:

Our sales department sold this unmodernised one bedroom flat to a couple who completely refurbished it and moved in. Months later they were relocated and instructed Knight Frank to let the property, we quickly found suitable tenants and successfully let the property.

LETTINGS INSIGHT

“Although my typical buyer is a single professional or young family who work within the banking industry, we must also look out for international tenants who want wooden floors, slick bathrooms and kitchens and are prepared to pay for it.” Sophie Woolfenden Head of Lettings

36%

of our properties we let are over £1,000 per week


NOTTING HILL LETTINGS

Dawson Place

Gorgeous detached six bedroom family house A stunning detached villa which has been refurbished to an extremely high standard. Dawson Place is regarded by many as one of the most prestigious addresses in Notting Hill partly due to the large white stucco fronted villas with off street parking and front gardens which provide additional privacy and security.

DAWSON PLACE W2 Available unfurnished Guide price: ÂŁ12,500 per week

5 bedrooms, 3 bathrooms, reception room, kitchen/breakfast room, dining room, study, playroom, self-contained flat, cloakroom, air conditioning, private garden. Approximately 425.86 sq m (4,584 sq ft)

020 7985 9990

nottinghilllettings@knightfrank.com

KnightFrank.co.uk/NottingHill

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NOTTING HILL LETTINGS

CHEPSTOW VILLAS

KENSINGTON PARK GARDENS

Light second floor apartment

Access to communal gardens

Immaculately presented and refurbished top floor apartment located in Notting Hill.

An elegant first floor flat.

Bedroom, study/single bedroom, bathroom, reception room. Approximately 67.6 sq m (727.3 sq ft)

2 double bedrooms, single bedroom/study, 3 en suite bathrooms, drawing room/dining room, eat-in kitchen. Approximately 161 sq m (1,728 sq ft)

NOTTING HILL W11

NOTTING HILL W11

Available part furnished or unfurnished Guide price: £875 per week

Available furnished Guide price: £1,600 per week

BLENHEIM CRESCENT

LADBROKE GARDENS

A raised ground floor flat ideally located close to Ladbroke Grove underground.

A stunning six bedroom corner house.

Ideally located

Bedroom, bathroom, kitchen, reception room.

Private off-street parking

6 bedrooms, 5 bathrooms, 3 reception rooms, kitchen, study, patio gardens, off-street parking. Approximately 348 sq m (3,751 sq ft)

NOTTING HILL W11

NOTTING HILL W11

Available part furnished Guide price: £450 per week

Available unfurnished Guide price: £5,250 per week


NOTTING HILL LETTINGS

ALL SAINTS ROAD

LONSDALE ROAD

Large roof terrace

Charming home near Westbourne Grove

Spacious and recently refurbished family house.

This charming house is extremely light and spacious.

3 bedrooms, 3 bathrooms, double reception room, kitchen/breakfast room, private garden, roof terrace.

3 bedrooms, en suite bathroom, 2 shower rooms, double reception room, kitchen, conservatory, garden.

Approximately 193 sq m (2,080 sq ft)

Approximately 145 sq m (1,571 sq ft)

NOTTING HILL W11

NOTTING HILL W11

Available unfurnished Guide price: £2,100 per week

Available unfurnished Guide price: £1,600 per week

DENBIGH TERRACE

PALACE COURT

Contemporary three bedroom house with private garden.

A light and comfortable apartment located on the second floor of this terraced house.

Unique family house

Private roof terrace

3 bedrooms, 2 bathrooms, dressing room, reception room, family room, eat-in kitchen, cloakroom, garden, terrace. Approximately 348 sq m (3,751 sq ft)

2 bedrooms, 2 bathrooms, open-plan kitchen, reception room, roof terrace. Approximately 93.87 sq m (1,010 sq ft)

NOTTING HILL W11

NOTTING HILL W11

Available furnished or unfurnished Guide price: £2,350 per week

Available furnished or unfurnished Guide price: £975 per week 020 7985 9990

nottinghilllettings@knightfrank.com

KnightFrank.co.uk/NottingHill

67


NOTTING HILL SALES

68

Ladbroke Grove

Vernon Yard

NOTTING HILL W11

NOTTING HILL W11

Guide price: £675,000

SOLD

Guide price: £1,395,000

SOLD

Bassett Road NOTTING HILL W10

Newton Road Guide price: £1,500,000

SOLD

NOTTING HILL W2

Guide price: £2,750,000

SOLD

Blenheim Crescent

Elgin Crescent

NOTTING HILL W11

NOTTING HILL W11

Guide price: £4,350,000

SOLD 020 7229 0229

SOLD nottinghill@knightfrank.com

KnightFrank.co.uk/NottingHill

Guide price: £8,000,000


NOTTING HILL LETTINGS

Ladbroke Grove

Pembridge Square

NOTTING HILL W11

NOTTING HILL W2

Guide price: £585 per week

LET

Guide price: £675 per week

LET

Avondale Park Gardens Stanley Gardens NOTTING HILL W11

Guide price: £1,000 per week

LET

NOTTING HILL W11

Guide price: £1,600 per week

LET

Palace Court

Lansdowne Road

NOTTING HILL W2

NOTTING HILL W11

LET

Guide price: £2,850 per week

Guide price: £4,750 per week

LET 020 7985 9990

nottinghilllettings@knightfrank.com

KnightFrank.co.uk/NottingHill

69


south kensington

SOUTH KENSINGTON AREAS COVERED SW7 SW5

Best known for: Museums, Royal Albert Hall, Imperial College, Royal Academy of Music and the Lycée school. Borough: Royal Borough of Kensington and Chelsea Area: South Kensington is London’s museum heartland and attracts over 11 million visitors every year. Exhibition Road, at the heart of the area, recently benefitted from significant refurbishment. The area has a distinct Parisian vibe and the renowned local French school, Lycée Francais Charles de Gaulle de Londres, is a big pull for the many French residents. Social and cultural attractions: Numerous venues include the Natural History Museum, Science Museum, Victoria and Albert Museum, Royal Albert Hall, National Geographic Society and Royal Academy of Music. Sports and leisure facilities: Residents of South Kensington benefit from proximity to Hyde Park – home to the Serpentine Lake with its outdoor swimming club and boating activities, a tennis club, gardens and open spaces. The park also hosts a number of events throughout the year from Winter Wonderland to open-air concerts in the summer. Our favourite places: The Hummingbird Bakery, a renowned cake shop on the Old Brompton Road; and Jia, a Dim Sum restaurant close to South Kensington tube.

Getting around: South Kensington, Gloucester Road, Sloane Square, Earls Court, West Brompton, West Brompton, Imperial Wharf

71


72

south kensington sales

SALES OVERVIEW

SALES BY NUMBERS

The market: Properties that are priced under £2m have remained in high demand and South Kensington remains a popular area for international buyers to come, both to live and invest. Our outlook: We are seeing more stock becoming available but the number of new buyers to the market is showing some signs of slowing. So whilst we sense there will be a levelling off of prices, we don’t think there is cause to panic. Who buys here: Western Europeans, but we have recently sold properties to people from as far afield as Bermuda.

Ensor Mews SW7

On average we have achieved

96% of the guide price on sales in the past six months We have

110

potential buyers on our books looking to spend a collective total of £564m In the last six months alone, potential buyers from

Our team in action:

The owners of this house had bought this through us and refurbished it beautifully. When they decided it was time to move out, they asked us to sell. After 73 viewings, the house was sold and our clients then bought a new house through our Esher office.

SALES INSIGHT

“The most exciting emerging hotspot in this locality is the Gardens area. The best thing to happen to the market would be for more two bedroom turnkey apartments priced at under £2m to come on to the market.” James Pace Head of Sales

109

different countries have viewed properties for sale through Knight Frank South Kensington


south kensington sales

Queen’s Gate Gardens

Spacious raised ground floor flat with communal gardens A superb apartment presented in fabulous order throughout and located on the ground floor of a well-maintained period building. Master bedroom with en suite shower room, bedroom 2 with en suite shower room, bedroom 3, family bathroom, double reception room, eat-in kitchen, utility room, communal gardens.

SOUTH KENSINGTON SW7 Share of freehold Guide price: ÂŁ3,850,000

Approximately 184 sq m (1,987 sq ft)

020 7871 4111

southkensington@knightfrank.com

KnightFrank.co.uk/SouthKensington

73


74

south kensington sales

Cranley Gardens Upper maisonette with roof terrace

Located on the third and fourth floors of a part white stucco fronted building, this property offers an abundance of light and has well-proportioned rooms throughout as well as a west facing roof terrace. Master bedroom with en suite bathroom, 2 further bedrooms, shower room, reception room, dining room, kitchen, roof terrace. Approximately 150 sq m (1,615 sq ft)

SOUTH KENSINGTON SW7 Leasehold: approximately 87 years remaining Guide price ÂŁ2,450,000


south kensington sales

Barkston Gardens Garden views from private balcony

A spacious mansion block apartment that benefits from a wealth of reception space as well as excellent ceiling height throughout and superb views over the communal gardens from a private balcony.

EARLS COURT SW5 Share of freehold Guide price: ÂŁ3,350,000

4 bedrooms, 2 bathrooms, 3 reception rooms, kitchen, cloakroom, balcony, lift, resident porter, communal gardens. Approximately 238 sq m (2,570 sq ft)

020 7871 4111

southkensington@knightfrank.com

KnightFrank.co.uk/SouthKensington

75


76

south kensington lettings

LETTINGS OVERVIEW

LETTINGS BY NUMBERS

The market: We have a strong demand for turnkey immaculate properties that always receive a positive reception and secure tenants within a short time frame at healthy prices. Current rents are healthy with new lettings volumes in the last three months 18% higher than the same period in 2011. Our outlook: Our view is that the current weakness in headline rental growth is not evidence of a wider downturn in demand from tenants. Pricing remains historically high and we see no ‘shift change’ in pricing on the horizon. Who buys here: We have a historically strong demand from French nationals looking to take advantage of the excellent Lycée School in SW7.

Barkston Gardens SW5

57% of our tenants are non UK nationals

50%

of our applicants come to us via the web

Our team in action:

Having suffered a devastating fire at their property on Barkston Gardens, our client asked us to find a four bedroom, fully furnished property for at least a year whilst his home was refurbished. 24 hours later we had settled the family into a beautiful mews house, fully furnished and with broadband up and running.

LETTINGS INSIGHT “My typical renter is often a high net worth family or individual with more than one fixed abode globally. International tenants want advice on local amenities, schooling and transport links. The worst mistake a landlord can make is to over personalise the presentation of a property.”

David Mumby Head of Lettings

39%

of our applicants are looking to spend between £500-£750 per week


south kensington lettings

Onslow Gardens Much sought after garden square

Located in a period building with its own private entrance, the property benefits from two stunning terraces on both the first and second floors. Master bedroom with dressing room, en suite bathroom and a terrace, 2 further double bedrooms with en suite bathrooms, guest cloakroom, reception room and adjoining dining room, study area, fully fitted eat-in kitchen.

ONSLOW GARDENS SW7 Available furnished or unfurnished Guide price: ÂŁ4,750 per week

Approximately 212 sq m (2,264 sq ft)

020 7871 4111

southkenlettings@knightfrank.com

KnightFrank.co.uk/SouthKensington

77


78

south kensington lettings

Selwood Place Over 2,000 sq feet of accommodation

This double fronted house over only two floors is set back from the street, approached via an attractive front garden, and has been comprehensively refurbished in the last few years. 3 bedrooms, 2 bathrooms, reception room, kitchen, dining room, study, dressing area, cellar, south facing rear garden. Approximately 191 sq m (2,057 sq ft)

SOUTH KENSINGTON SW7 Available unfurnished Guide price: ÂŁ2,250 per week

Selwood Terrace

An immaculate four bedroom family house to rent This property is arranged over four floors and offers spacious and flexible accommodation with the benefit of a stunning private rear garden. Master bedroom with large en suite, 2 further large bedrooms, further bedroom, large reception room with wooden flooring and underfloor heating throughout, impressive dining room, kitchen, study with direct access to private garden. Approximately 147 sq m (1,580 sq ft)

SOUTH KENSINGTON SW7 Available unfurnished Guide price: ÂŁ2,100 per week


south kensington lettings

Brechin Place

Light-filled rooms with bespoke fixtures and fittings SOUTH KENSINGTON SW7

The lateral space over the first and second floors is a rarity in South Kensington and early viewing is recommended. Master bedroom with en suite bathroom, 2 further double bedrooms, 2 bathrooms, double reception room, kitchen, study, balcony.

Available furnished or unfurnished Guide price: ÂŁ2,250 per week

Approximately 133 sq m (1,428 sq ft)

020 7871 4111

southkenlettings@knightfrank.com

KnightFrank.co.uk/SouthKensington

79


south kensington sales

80

Earls Court Square

Ensor Mews

EARLS COURT SW5

SOUTH KENSINGTON SW7

Guide price: £2,950,000

SOLD

Guide price: £3,295,000

SOLD

Clareville Grove

Queen’s Gate Place

SOUTH KENSINGTON SW7

SOUTH KENSINGTON SW7

Guide price: £3,850,000

SOLD

Guide price: £4,500,000

SOLD

Gloucester Road

Neville Terrace

SOUTH KENSINGTON SW7

SOUTH KENSINGTON SW7

Guide price: £4,750,000

SOLD 020 7871 4111

SOLD southkensington@knightfrank.com

KnightFrank.co.uk/SouthKensington

Guide price: £5,395,000


south kensington lettings

ROLAND Gardens

Roland Gardens

SOUTH KENSINGTON SW7

SOUTH KENSINGTON SW7

Guide price: £850 per week

LET

Guide price: £995 per week

LET

Onslow Gardens

Alexandra Court

SOUTH KENSINGTON SW7 Guide price: £1,950 per week

SOUTH KENSINGTON SW7 Guide price: £2,200 per week

LET

LET

Gledhow Gardens

Queen’s Gate

SOUTH KENSINGTON SW5 Guide price: £2,950 per week

SOUTH KENSINGTON SW7 Guide price: £3,950 per week

LET

LET 020 7871 4111

southkenlettings@knightfrank.com

KnightFrank.co.uk/SouthKensington

81


RESIDENTIAL SERVICES

82

WHY KNIGHT FRANK? Whether you are buying a beautiful house for personal enjoyment or want to invest in a portfolio of rental properties, we can help. We put clients at the heart of what we do and our service levels are driven by our clients’ needs. As a result we have created an environment that nurtures the best people in the business and genuinely allows us to give the best advice – the sort of advice you’d give your family. What can be a life-changing process for many people – buying, selling, renting, or letting a property – is handled

with care, discretion, service, and professionalism at all times. Below is an overview of our specialist teams and how they can help. If you can’t find what you are looking for here, please visit: KnightFrank.com/Residential

Buying and selling residential property • • • • • •

Finding a property to buy Financing your purchase Property search and acquisition Services for international buyers Investing in property portfolios Valuations

Property in Central London please contact Noel Flint on +44 (0)20 7861 5020 UK property outside of London please contact Nick van Zeller on +44 (0)1488 682 726 UK farms and estates please contact Clive Hopkins on +44 (0)20 7861 1064 Property outside of the UK please contact Paddy Dring on + 44(0)20 7861 1061 Knight Frank’s property search service contact Philip Selway on +44 (0) 20 7591 2647 For more information about financing and mortgage options with Knight Frank Finance, please contact Simon Gammon on +44 (0)20 7268 2581 or visit KnightFrankFinance.co.uk Renting, letting and managing residential property • • • • • • •

Finding a property to rent Arranging a tenancy Rental property for corporates Relocation services Valuations Services for landlords Letting your property

• • •

Relocation services Property management Lettings management

For more information on renting, letting and property management with Knight Frank please contact Tim Hyatt on +44 (0)20 7861 5044 or visit KnightFrank.co.uk/Lettings Consulting and property research Our world-class research team ensures that we lead the field in understanding the key drivers of the residential property market. This means that we price and market property to deliver a sale or rental in the most effective way. • • • • • •

Valuations Rural consultancy Country house consultancy Renewables and sustainability Rural consultancy Property research

To find out more about Knight Frank’s consultancy services contact David Peters on +44 (0)20 7861 1067 Other areas of expertise • •

New Homes Residential Development

For more information about our residential development team please contact Stephan Miles-Brown on +44 (0)20 7861 5403


DIRECTORY Global Headquarters

International Department

Country Department

+44 (0)20 7629 8171 55 Baker Street London, W1U 8AN United Kingdom

+44 (0)20 7629 8171 intres@knightfrank.com

+44 (0)20 7629 8171 country.houses@knightfrank.com

London Sales & Lettings

Mayfair +44 (0)20 7499 1012 mayfair@knightfrank.com

Esher +44 (0)1372 464496 esher@knightfrank.com

Haslemere +44 (0)1428 770560 haslemere@knightfrank.com

Notting Hill +44 (0)20 7229 0229 nottinghill@knightfrank.com

Regional Offices Sales

Henley-on-Thames +44 (0)1491 844900 henley@knightfrank.com

Battersea +44 (0)20 3597 7670 battersea@knightfrank.com Belgravia +44 (0)20 7881 7722 belgravia@knightfrank.com Canary Wharf & Royal Docks +44 (0)20 7512 9955 cwharf@knightfrank.com Chelsea +44 (0)20 7349 4300 chelsea@knightfrank.com Fulham +44 (0)20 7751 2400 fulham@knightfrank.com Hampstead +44 (0)20 7431 8686 hampstead@knightfrank.com Hyde Park +44 (0)20 7861 5522 hydepark@knightfrank.com Islington +44 (0)20 3657 7340 islington@knightfrank.com Kensington +44 (0)20 7938 4311 kens@knightfrank.com

Richmond (Sales only) +44 (0)20 8939 2800 richmond@knightfrank.com Riverside +44 (0)20 7590 2450 riverside@knightfrank.com South Kensington +44 (0)20 7871 4111 southkensington@knightfrank.com St John’s Wood +44 (0)20 7586 2777 stjohnswood@knightfrank.com Wandsworth (Sales only) +44 (0)20 8682 7777 wandsworth@knightfrank.com Wapping & City +44 (0)20 7480 6848 wapping@knightfrank.com Wimbledon +44 (0)20 8946 0026 wimbledon@knightfrank.com Regional Offices Sales & Lettings

Knightsbridge +44 (0)20 7591 8600 knightsbridge@knightfrank.com Ascot +44 (0)1344 624732 ascot@knightfrank.com Marylebone +44 (0)20 7483 8349 Cobham marylebone@knightfrank.com +44 (0)1932 591600 cobham@knightfrank.com

Basingstoke +44 (0)1256 350600 basingstoke@knightfrank.com Bath +44 (0)1225 325999 bath@knightfrank.com Beaconsfield +44 (0)1494 675368 beaconsfield@knightfrank.com Berkhamsted +44 (0)1442 861610 berkhamsted@knightfrank.com Bristol +44 (0)117 317 1999 bristol@knightfrank.com Cheltenham +44 (0)1242 246959 cheltenham@knightfrank.com Cirencester +44 (0)1285 659771 cirencester@knightfrank.com Exeter +44 (0)1392 423111 exeter@knightfrank.com Guildford +44 (0)1483 565171 guildford@knightfrank.com

Hereford +44 (0)1432 273087 hereford@knightfrank.com Horsham +44 (0)1403 339180 horsham@knightfrank.com Hungerford +44 (0)1488 682726 hungerford@knightfrank.com Oxford +44 (0)1865 790077 oxford@knightfrank.com Sevenoaks +44 (0)1732 744477 sevenoaks@knightfrank.com Sherborne +44 (0)1935 812236 sherborne@knightfrank.com Stratford-upon-Avon +44 (0)1789 297735 stratford@knightfrank.com

Virginia Water +44 (0)1344 840020 virginia.water@knightfrank. com Winchester +44 (0)1962 850333 winchester@knightfrank.com Worcester +44 (0)1905 723438 worcester@knightfrank.com Scotland Edinburgh +44 (0)131 222 9600 edinburgh@knightfrank.com Lauder +44 (0)1578 722814 lauder@knightfrank.com Ireland Dublin +353 (0)1 662 3255 mail@ie.knightfrank.com International For a full listing of our international offices please visit KnightFrank.com

Sutton Coldfield +44 (0)121 3627878 sutton.coldfield@knightfrank.com Tunbridge Wells +44 (0)1892 515035 tunbridge.wells@knightfrank.com

Harrogate +44 (0)1423 530088 harrogate@knightfrank.com

Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (‘information’) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images (CGI) are indicative only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning,

building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property (where applicable) may change without notice. Whilst every effort has been made to ensure the accuracy of the information contained in this publication, the publisher cannot accept responsibility for any errors it may contain. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of Knight Frank LLP, 55 Baker Street, London W1U 8AN.

Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears.


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