Property Review City March 2013

REVIEW LONDON PROPERTY

CITY, ISLINGTON & DOCKLANDS

MARCH 2013

Top choice

Pick of the penthouses

Art studio Tracey Emin’s place

Modern Twist

Contemporary design goes Dickensian

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27/02/2013 12:32

Lonsdale Square, Barnsbury N1

An impressive period house in this Victorian square Set over five floors and overlooking beautiful square gardens, this attractive period house, offers a glazed extension to the rear of the house opening onto a west facing garden. 5 bedrooms, 3 bathrooms, double reception room, kitchen, dining room, guest WC, conservatory, garden and wine cellar. EPC rating E Approximately 247.81sq m (2,664 sq ft).

B

KnightFrank.co.uk/Islington Islington@knightfrank.com 020 3551 2471

Freehold Guide Price: £2,650,000

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LPR Full Pg - 36 Lonsdale Square - 13 February 2013 - 30992

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LPR

5:25

Barnsbury Street, N1

A very bright two bedroom maisonette This beautiful period house has been divided into two apartments, featuring lovely spacious rooms with a North/South orientation. 2 bedrooms, bathroom, reception room and kitchen. EPC rating D Approximately 89sq m (958sq ft).

KnightFrank.co.uk/Islington Islington@knightfrank.com 020 3551 2471

Share of Freehold Guide Price: £895,000

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LPR Full Pg - Flat A 83 Barnsbury Street - 13 February 2013 - 30984

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contents MARCH

58

35 NEWS AND FEATURES

14

16

BEST BUYS Fixed, discount or tracker – check out the facts, figures and

14

19

NEW HOMES Wapping’s tallest.

15

48

MARKET VIEW Good start to the year. Looks like 13 may not be so unlucky

after all, reports Robert Bailey.

19

NEWS First-time shift. Shoreditch is popular with buyers who can no longer afford Islington, reports Cheryl Markosky.

interest rates from our current top ten mortgages.

NEWS Art location. Tracey Emin lived and worked here at a three-storey studio in a Spitalfields factory conversion.

16

MONEY Rates still falling. At least we’ll

16

MONEY Matter of opinion. Mortgage

When complete, the final 19-storey tower of a development by the Ballymore Group will be the highest building in Wapping.

COUNTRY PROPERTY Your guide

to an inspiring selection of excellent homes currently for sale in rural locations.

have a little extra cash to spend on petrol, reports Duncan Farmer.

brokers are divided on the impact of the Government’s Funding for Lending scheme.

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27/02/2013 12:32

21

REVIEW LONDON property

PUBLISHING Publisher Richard Nugent 07964 384341 propertyreview@hotmail.com EDITORIAL Editor Bob Stonebridge 01536 330314 cityeditorial@propertyreview.org.uk Contributors Cheryl Markosky Duncan Farmer Robert Bailey

FOR SALE & TO RENT

20

ISLINGTON, HIGHBURY, CANONBURY, BARNSBURY, ANGEL Executive decision. Choose from

Cover Photo: © olavs - www.shutterstock.com DESIGN & PRODUCTION Caroline Nall 01536 418181 city@typestart.co.uk Typestart Limited, 1 Rothwell Grange Court, Rothwell Road, Kettering, Northants NN16 8FB www.typestart.co.uk

a selection of four executive homes at a new development in a conservation area in increasingly fashionable Highbury.

34

BLOOMSBURY, SHOREDITCH, CLERKENWELL, SPITALFIELDS, MOORGATE, LONDON FIELDS Contemporary space with a Twist. An interior-

SUBSCRIPTIONS 01536 330314 or subscriptions@propertyreview.org.uk

designed house in Bloomsbury is set in Charles Dickens territory near the author’s former home.

Property Review 23a St James’s Street, London SW1A 1HG

56

SHAD THAMES, WAPPING, ISLE OF DOGS, CANARY WHARF, LONDON BRIDGE, BERMONDSEY, ROTHERHITHE Cathedral viewpoint. Admire

© Copyright Property Review. No part of this magazine may be reproduced without the prior permission of the publishers.

Property Review cannot be responsible for unsolicited material. All prices are correct at time of going to press but are subject to change.

the Gothic architecture from the huge seventh floor terrace at one of eight penthouses in a new Southwark development.

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27/02/2013 12:32

St Peters Street, Islington N1 Wondeful house in the heart of Angel

Wonderful three bedroom house moments from Angel station and vibrant Upper Street.

Arranged over four floors the house has been beautifully refurbished throughout and boasts lovely entrance hall, large kitchen and dining room occupying the entire lower ground floor which leads out to a lovely secluded garden and double reception room on the ground floor.

Three large double bedrooms and two beautiful bathrooms are arranged over the upper floors.

Islington Lettings KnightFrank.co.uk/Islington Islingtonlettings@knightfrank.com 020 3641 5896

Furnished Guide Price: £1400 per week

6

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Property Review - March 2013 - 14 February 2013 - 31046

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Prop

:05

Brooksby Street, Islington N1

Refurbished to a superb standard A beautifully refurbished split level maisonette set over the ground and lower ground floor of this period property. The property consists a large master bedroom, second bedroom, family bathroom, double reception room with dining area and separate eat in kitchen. From the kitchen double doors open to a private south facing garden.

Furnished Guide price: £610 per week

Islington Lettings KnightFrank.co.uk/islington IslingtonLettings@knightfrank.com 020 3641 5896

Angel Southside, Islington EC1V The heart of Angel

A bright and spacious one bedroom apartment situated in this sought after block in the heart of Angel. The apartment consists of a double bedroom, bathroom, modern kitchen, separate reception room and balcony. The apartment is south facing and has views of the gardens below.

Furnished Guide price: £445 per week

Islington Lettings KnightFrank.co.uk/islington IslingtonLettings@knightfrank.com 020 3641 5896

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Property Review March 2013 half page - 14 February 2013 - 31048

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14/02/2013 11:52:39

Spice Court, Wapping E1W

Stylish apartment

A beautifully presented sixth floor apartment to rent in the very popular Quay 430 development.

1 bedroom, 1 newly fitted bathroom, reception room, newly fitted kitchen, modern furnishings, a private balcony and a secure car parking space. The property is located in west Wapping with the Waitrose supermarket and transport links close by. EPC rating C.

To Let Furnished Guide Price: £375 per week

KnightFrank.co.uk/Wapping wappinglettings@knightfrank.com 020 8166 5370 (ASP162214)

NEO Bankside, Southbank SE1

Brand new apartment A stunning apartment to rent in the newly completed C Pavilion of the award winning NEO Bankside development. Master bedroom with en suite bathroom, second bedroom, bathroom, reception room, open plan kitchen, wooden floors, underfloor heating, comfort cooling, designer furniture and 24 hour concierge. EPC rating C.

To Let Furnished Guide Price: £725 per week

KnightFrank.co.uk/Wapping wappinglettings@knightfrank.com 020 8166 5370 (ASP167002)

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LPR HP 1 March 2013 - 25 February 2013 - 31455

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LPR

:55

Thomas More Street E1W

Three bedroom house A beautifully presented house to rent in this lovely basin setting in west Wapping.

3 bedrooms, 2 bathrooms, reception room with views across the basin, kitchen, guest cloakroom, lovely wooden floors, private garden, garage and the additional benefit of a communal parking area. EPC rating C. Approximately 129 sq m (1,289 sq ft)

To Let Furnished Guide Price: £750 per week

KnightFrank.co.uk/Wapping wappinglettings@knightfrank.com 020 8166 5370 (ASP158267)

Capstan Court, Wapping E1W

Modern apartment

A well presented apartment to rent in this purpose built development on Wapping Wall.

1 bedroom, 1 bathroom, reception room with wooden floors and an open plan kitchen, private terrace and an underground car parking space. Close to Wapping Overground Station, the apartment has excellent transport links to both the City and Canary Wharf. EPC rating B. Guide Price: £395 per week

KnightFrank.co.uk/Wapping wappinglettings@knightfrank.com 020 8166 5370 (ASP86312)

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LPR HP 2 March 2013 - 25 February 2013 - 31463

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WE ARe kn ght frank Let’s face it, with over 48 property agents in Islington to choose from, you need to know who is going to make your search for a buyer, tenant, or new home the easiest and most efficient. We have best in class property throughout N1, N1C, N5, N7, WC1 and EC1, rentals starting from £350 per week, and sales from £350,000.

Our expertise are second to none. Passionate, professional and personal service, from start to finish. Simple.

Visit our office at 353 Upper Street to find out more or call 020 8166 5293.

KnightFrank.co.uk/Islington 10 KF output city 2012.indd 10

27/02/2013 12:26

RIGHT-HAND

Hamptons City 020 77175435 city@hamptons-int.com

Three Cups Yard, Sandland Street WC1R £835,000 Leasehold

This beautifully presented two bedroom duplex apartment in the heart of Bloomsbury has vaulted ceilings and a superb mezzanine area perfect to use as an office or study.

The Heron, Moor Lane EC2Y £655,000 Leasehold Hamptons are delighted to offer what will be a stunning 12th floor west-facing Galley Suite apartment with access to a balcony in The Heron EC2, and a parking space.

Martha’s Buildings, Old Street EC1V £649,500 Leasehold Set on the 3rd floor of a converted office block, this exceptionally bright and well presented 2 bedroom 2 bathroom apartment offers superb living space and easy City access.

Mountford House , Britton Street EC1M £450,000 Leasehold Set on the first floor of Mountford House, Britton Street, this beautifully presented 1 bedroom split-level apartment has recently been refurbished to a high standard.

11 Hamptons City Sales FP.indd 2

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(020) 3434 0050 Why choose us? q We are up to 20% cheaper than most of our competitors q Combined inventories including Check in and Check out q No pricing gimmicks - just honest, reliable and detailed inventories q No cancellation fees if advised within 24 Hours of scheduled booking q No additional fees for using other company’s inventory reports q No additional costs for digital photographs q No additional costs for copy reports by email q No extra charges for additional rooms e.g. en suite bathrooms

The importance of an inventory Following the legislation introduced in April 2007 it has never been more important to use professional inventory services to safeguard both your property and tenancy deposit.

An inventory will ensure the condition of the property and all its contents are recorded accurately at both check-in and check-out, therefore reducing the possibility of any dispute over missing or damaged items between Landlord and Tenant. Feeling protected with an inventory is a contributing factor to a stress free tenancy and our services will offer you that protection.

q Free updates for existing reports created by Key Inventories

12 KI_advertorial_OUTPUT.indd 1

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The key to success Often overlooked, a great inventory service can make all the difference.

We take a look at the competitive service Key Inventories have to offer...

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We are a reliable and professional company giving you peace of mind knowing you have an accurate, thorough and detailed inventory for your property.

Full members and regulated by the AIIC (Association of Independent Inventory Clerks) you can be assured that our inventories are to a high standard.

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...we do not charge VAT. This makes our prices transparent and even more competitive.

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We pride ourselves in being extremely competitive when it comes to pricing our quality reports. We are happy to discuss our prices with agents and landlords with large portfolios.

How do I receive my inventory?

We are striving to be an eco-friendly company and email our reports in a printable PDF format. This eliminates reports being lost in the post and will reach you more quickly.

How quick do I receive my report?

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What areas do you cover?

Our office is based in Rotherhithe and can therefore service most parts of London. Please call us for more information.

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I have long standing tenants. Do you cater for mid-term inspections?

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Key Inventories can be contacted at 1a Rotherhithe New Rd, London, SE16 2AH T: 020 3434 0050 • F: 020 3434 0051 • E: enquiries@keyinventories.com

www.keyinventories.com 13 KI_advertorial_OUTPUT.indd 2

27/02/2013 09:38

LONDON PROPERTY

REVIEW

Market view It looks like 13 may not be so unlucky after all, reports property finder Robert Bailey The second half of last year was not that great for the London property market. Prices were maintained but the number of transactions was definitely down and there was a general feeling of hesitation. This was unsurprising really, as the Coalition was threatening an annual mansion tax on all homes valued over £2 million, and there was a White Paper due on a proposed annual levy on all homes held by companies and other ‘non-natural persons’. The result was stagnation.

The mansion tax generated widespread protest and Boris Johnson quite rightly labelled it a tax on London.

Not only did it unfairly penalise hard-working families who had simply bought an average home in the capital, but it also penalised people who had bought their homes years ago when prices were relatively cheap and had simply seen prices rise.

The little old lady who bought her home a generation ago for a few thousand pounds could now be the owner of a million pound property and be taxed accordingly, despite earning no income from her property or other sources. In fact, few owners of million-pound houses were earning an income from them, but were to be taxed all the same.

The annual levy on properties held by so-called ‘nonnatural persons’ was the Government’s response to a tabloid campaign against stamp duty avoidance. While a small minority were buying through companies to avoid this tax, most had perfectly valid reasons for doing this.

Many of my clients hail from countries that place restrictions on foreign home ownership. Others were structuring their affairs to minimise inheritance tax in their home countries. Many others were simply property developers, buy-to-let investors or estates, which were not private citizens but bought and sold property as part of their legitimate business dealings.

Finally, answers came. The Conservatives came out and said they would oppose any attempt to introduce a mansion tax. The Liberal Democrats seemed to take their Coalition partners at their word and, thankfully, have backed away from this ill-conceived proposal.

Opponents of the annual levy were not so fortunate.

It is to go ahead but with some sensible exemptions for some businesses. No doubt it will cost far more to excise this tax than it will bring in revenues as the properties must be re-valued every five years.

This year has most definitely got off to a good start and while we may not see double-digit price increases, property values will most definitely increase. This could even be the year in which we see London consolidate its title as the world’s most expensive city. It looks like ’13 is not going to be unlucky after all.

First step on the ladder Cheryl Markosky brings you the latest word on the streets As one of the City ‘fringe’ areas, Shoreditch has become popular with first-time buyers, and with those who traditionally would have bought in areas such as Islington – and can no longer afford to.

Nicole Efthymiou from Savills Wapping says that over the last decade there’s been an influx of buyers working in the media, and those in banking and finance wanting to be close to business districts. “Around half of the buyers looking in this area are from abroad, and with Savills global reach we are able to find them properties in this exciting emerging zone,” she says.

“Initially coveted by the fashion industry, Shoreditch now benefits from a vast selection of boutique shops and market stores, offering everything from luxury clothing to exotic food.”

Compared to other parts of east London, Efthymiou has witnessed increased demand for property in the area. “This was reflected in the unprecedented amount of interest we received when marketing four properties overlooking Spitalfields market at the end of last year. In need of complete renovation, and with guide prices from £360,000 to 735,000, the homes received 45 bids after 100 viewings. Eventually, we accepted offers more than 25 per cent above the prices stated.”

Recently, Shoreditch has outperformed other areas to the east, and there’s a significant margin between the price per square foot achieved in comparison to

neighbouring Whitechapel, Stepney and Bethnal Green.

“Shoreditch and the City also sustained strong interest during periods over the last year, when even the more prime markets of Wapping and Shad Thames were looking lacklustre,” sums up Efthymiou.

Kush Rawal, assistant director of sales and marketing at Thames Valley Housing, isn’t quite as confident as Efthymiou that first-time buyers will all find it easy to find a home on the east side of the capital.

“The recent announcement that the average house price is expected to rise to more than £250,000 this year means that stamp duty for buyers who are already struggling to get onto the property ladder will triple from 1 to 3 per cent,” he says.

On top of the hefty deposits being demanded at present, buyers will have to pay approximately an additional £5000 to cover stamp duty on the average-priced property. This will take home ownership out of reach for many first-time buyers, particularly for those looking for family houses, Rawal explains.

“Owning a home is so engrained in the British psyche, that despite it becoming more expensive to buy we’re not anticipating fewer people wanting to own a place,” he explains.

“However, we’re expecting alternative routes to home ownership, such as buying through shared ownership, to increase in popularity as first-time buyers look for more affordable ways to step onto the property ladder,” sums up Rawal.

“Shoreditch has a vast selection of boutiques and market stores offering everything from luxury clothing to exotic food.”

Nicole Efthymiou, Savills Wapping

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27/02/2013 12:42

LONDON PROPERTY

REVIEW

Tracey Emin’s place No rumpled sheets, fag ends or empty booze bottles. Yet, this really was Tracey Emin’s London pad.

Modern art aficionados, here’s your opportunity to buy Tracey Emin’s former east London studio (through Savills Docklands 020 7456 6800). But if you’re worried you’ll be confronted by a rendering of her controversial installation, My Bed, with used knickers, condoms and a pair of slippers, you’re in for a surprise.

The current owner, neurobiologist Dr Richard Wingate, has fully refurbished the three-storey studio in the Spitalfields factory conversion where Emin worked and sometimes slept - from 2005 to 2009.

He’s made it more family-friendly to suit himself, his wife and four children, while not losing its edgy industrial allure, points out Zak James from Savills Docklands.

“The basement’s been transformed into a huge open-plan family kitchen/dining and snug room with mood lighting and heating beneath brushed resin-coated concrete flooring leading onto a large patio garden.” There are even neon lights left over from Emin’s day.

Other uber-cool artistic touches that Emin would approve in the flat measuring nearly 2500 sq ft include a ‘mobile office’ on wheels, specially made bunk beds with steel girders and white cladding (that

match materials in the rest of the flat), and a huge library in the hallway.

“The wall was moved to enlarge the hallway to hold all of the family’s books,” James adds. And culture-vulture investors wanting a piece of Emin will be thrilled to find a little bit of Emin-crayoned graffiti: ‘the boss’, on the stairwell.

The Wingates required more than four bedrooms in the end, so moved to a larger place down the road in Stepney Green.

James can see another family replicating their City lifestyle: “They didn’t own a car and took the kids in a child bike trailer to enjoy the cafes, restaurants, galleries and market in Spitalfields.”

Savills has shown a number of groovy people around Emin’s old gaff, such as a film director and designer. James says he can also imagine a writer living happily here. “It’s very rare for a large apartment in such good condition in an old warehouse come up for sale,” he adds.

Although the price might appear hefty (£1.8 million), when compared to nearby freehold houses at £1000 a square foot, suddenly £720 a square foot appears to be good value.

St Dunstan’s consent With recent news that the Government is encouraging change of use for unwanted offices into residential conversions, Taylor Wimpey Central London (TWCL) is keen to announce it has bought St Dunstan’s House on Fetter Lane.

Detailed planning permission for the site was granted by the City of London in March 2012 for the demolition of the existing 53,333 sq ft 1970s office block, to be replaced by 76 private residential units. For more details, contact Taylor Wimpey at: salesTWCentralLondon@taylorwimpey.com

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27/02/2013 12:42

LONDON PROPERTY

REVIEW

MONEY

Rates still fall

OPINION DIVIDED ON FLS IMPACT

Mortgage brokers are divided about whether the Government’s Funding for Lending Scheme, which was introduced to encourage banks to lend money to small business and housebuyers, is having any real impact on the mortgage market.

A recent survey showed that nearly half (43 per cent) of mortgage brokers felt that the FLS is having a positive impact – yet almost as many (41 per cent) took the opposite view. Bank of England figures for December 2012 show that while mortgage lending for house purchase by the major UK lenders increased by £1.7 billion in the first five months of the scheme, compared with the same period in 2011, their overall mortgage lending during this period actually fell by £2.3 billion.

When questioned about the anticipated impacts of the FLS, the most common expectation among brokers was a reduction in mortgage rates (77 per cent). Just over half (51 per cent) thought it will result in an increase in the availability of loans (51 per cent), while slightly fewer (49 per cent) predict more lending at higher loan to value ratios.

At least we’ll have extra cash for petrol, suggests Duncan Farmer News that the Government will not launch an investigation into the price of petrol and diesel after a report by the Office of Fair Trading has come as a disappointment to drivers.

Motoring organisations have claimed that when the wholesale price of oil rises, the price we pay at the pump soars like an arrow but when oil prices fall, the cost of filling our tanks drops like a feather.

While the outcome of the OFT report will be a blow to haulage firms and other motorists, it will make little difference to the life of the average Londoner. According to figures from the Office for National Statistics, Londoners spend less on fuel and transport than people living in most other parts of the country.

That is probably not surprising, but remarkably the ONS survey also found that Londoners spend far less on food, going out, culture, and alcohol and tobacco, even though people living in the capital have far more disposable income and higher gross earnings than the rest of the nation.

By far the biggest cost for those of us living in the capital is housing, both in terms of rent and mortgage repayments. At a time when the Retail Prices Index suggests that the cost of living is rising by three per cent a year, the cost of mortgages is falling. And it

COMPETITION BETWEEN LENDERS

Mortgage lending dropped dramatically at the end of last year, according to figures from the Council of Mortgage Lenders, but this is hardly surprising and nothing to worry about, says Andy Knee of specialist firm LMS. “The drop in activity in the second half of 2012 was widely anticipated, this being a lull before the full introduction of the Funding for Lending Scheme (FLS) which is widely expected to bring a pick-up to the mortgage market in 2013,” he says.

“December’s drop can also be attributed to savvy homeowners holding off for more competitive products in the New Year, combined with the normal seasonal lull in activity in the months leading up to Christmas. We expect FLS to increase competition between lenders and this should result in better deals for the mortgage customers and a restoration of growth in the market this year.”

is set to fall further, as brokers believe fixed rates could drop to 1.5 per cent. .

Yorkshire Building Society has just launched a 1.99 per cent two-year fixedrate mortgage, and Nationwide, the UK’s largest building society, has cut rates to two per cent on its two-year deals.

“Rates are likely to fall further and two-year fixes could go as low as 1.5 per cent,” says Mark Harris, chief executive of mortgage broker SPF Private Clients.

“They are falling all the time with no upward pressure on underlying swap rates. The base rate is set to stay the same for years to come.”

Last month I reported on Citi’s prediction that the Monetary Policy Committee would hold rates at 0.5 per cent until 2017. Since then, many analysts have put that date back a year to 2018.

So while the rest of the country suffers from the high cost of living, Londoners who shop around for the best home loan can look forward to having a little extra cash to spend on petrol.

Incidentally, the high price we pay for unleaded and diesel is being blamed on the weakness of the pound against the dollar. It is also down against other major currencies, which makes London an even more attractive place for overseas buyers, and that is likely to buoy the London property market for some time to come.

Current Best Buy Mortgages

Fixed Rates

Source: Charcol Ltd 0800 718191 www.charcol.co.uk

LENDER

CURRENT RATE

UNTIL

GO TO RATE

THE OVERALL COST FOR COMPARISON IS

MAX ADV

HIGHER LENDING CHARGE

Coventry

2.35%

31/3/15

4.49%

4.4% APR

65%

None

Accord

2.59%

28/2/15

5.99%

5.6% APR

75%

None

NatWest

2.65%

31/5/16

4.00%

3.9% APR

70%

None

Furness

3.79%

4 years

5.44%

5.1% APR

80%

None

Accord

2.99%

28/2/18

5.99%

5.3% APR

75%

None

Nottingham

3.98%

1/3/18

6.14%

5.7% APR

85%

None

EARLY REPAYMENT CHARGE (ERC) 3% to 31/3/15. Can repay up to 10% p.a. ERC free.

3% to 28/2/15. Can repay up to 10% p.a. ERC free.

3% to 31/5/16. Can repay up to 10% p.a. ERC free.

5% in 4 years. Can repay up to 10% p.a. ERC free.

5/5/5/4/3% to 28/2/18. Can repay up to 10% p.a. ERC free.

1.99% to 1/3/18. Can repay up to 10% p.a. ERC free.

LENDER FEE

LENDER EXIT FEE

NOTES

£999

£125

Free valuation. On remortgages free legal fees.

£995

£90

Flexible

£995

£125

£999

£90

On remortgages free valuation and free legal fees.

On remortgages free valuation and free legal fees.

Flexible. Also available at 2.89% with a £1,995 fee.

Free valuation. On remortgages free legal fees.

£995

£90

£999

£140

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LONDON PROPERTY

REVIEW

Patrick pontificates

43% 41%

of mortgage brokers who believe Funding for Lending Scheme impact is positive

of mortgage brokers who believe Funding for Lending Scheme impact is negative

Patrick Bullick, MD of Stanley Chelsea and chairman NAEA London Region, holds forth

1.5% 1.99%

Low fixed rate that mortgages are likely to fall to, according to brokers.

So, I wonder how many of the arty types living in Notting Hill who used to vote for Tony Blair’s New Labour will be casting their votes in Ed Miliband’s direction now he has put the Labour Party firmly in the ‘mansion tax’ camp, along with the Liberal Democrats?

I love the way he specifically blamed Gordon Brown at the same time for the ‘mistake’ of dropping the 10p tax rate, as if Ed Balls had nothing to do with it.

By their own calculations, the proposal works out to be £25,000 per annum for each home worth more than £2m.

Chancellor Gordon Osborne (sorry, I can’t help myself) is not much better, belatedly announcing that he intends to burden UK companies holding UK residential properties worth over £2m with the same onerous new taxes that he proposes for offshore company ownership. At least he has so far resisted the mansion tax idea for UK residents.

The three extra taxes he is proposing are: • 15 per cent stamp duty.

• Capital gains tax from April 2013.

• Annual Residential Property Tax (ARPT) ranging from £15,000 to £140,000 depending on value.

The good news is that foreigners owning property in their own name are exempt. UK and foreign companies

Two-year fixed rate mortgage launched recently by Yorkshire Building Society.

Average increase About 80,000 housebuyers could find themselves paying three times more stamp duty this year as more properties look set to breach the £250,000 mark, at which the tax rate rises from one per cent to three per cent. The difference in tax between buying a property at £249,999 and £250,000 is £5,000.

The one per cent stamp duty ceiling has remained unchanged for more than 15 years while over the same period the average price of a house has increased threefold from £79,242 to £249,958. Hailed as Britain’s least favourite tax when it was introduced in 1984, the charge was simple. An average priced property, which was then £29,106, incurred no tax and properties over £30,000 were subject to a one per cent charge.

In 1997, stepped bands were introduced and, despite property prices having increased, the point at which the tax jumps from one per cent to three per cent has remained at £250,000 ever since. HM Land Registry figures show that, despite a lacklustre housing market, 2012 saw the average property price in the UK rise by 0.75 per cent to £249,958.

A similar slight increase would bring the average property price above the £250,000 threshold.

With prices in the capital set to rise faster than those in the rest of the country, Londoners will suffer most.

holding and buying properties over £2m will be exempt if they are being genuinely and legitimately used for business purposes. In most cases this would mean they are let out to a non-related person or company on an ‘arms length’ basis. How do they police that one?

Probably most of the properties bought in London by companies are let out, so it will really only be wealthy foreigners wishing to mask their identity who will be subjected to these new taxes.

Perhaps that is fair enough. Often they have had massive capital gains on their UK property assets, yet have paid few, if any, taxes. It does not seem very equitable that a UK resident has to pay CGT (currently 28 per cent) on investment properties but foreign owners do not.

Since the Chancellor cleared up the ambiguities he created in the last Budget, we are already finding that buyers are back in the market keen to invest. www.stanleychelsea.co.uk

Variable Rates (Tracker & Discount Off SVR) LENDER

CURRENT RATE

DISCOUNT AND TERM

GO TO RATE

THE OVERALL COST FOR COMPARISON IS

MAX ADV

HIGHER LENDING CHARGE

EARLY REPAYMENT CHARGE (ERC)

LENDER FEE

LENDER EXIT FEE

NOTES

Bank of China (UK)

3.18%

Bank Rate + 2.68% for term

N/A

3.3% APR

80%

None

1% in 1 year on full repayment.

Unlimited ERC free part redemptions allowed.

£1,245*

£95

On remortgages free legal fees. *Up to £500,000. For loans up to £1m: £2,495: up to £1.5m: 0.5%; above £1.5m: 1%.

Hinckley & Rugby

3.79%

1.85% discount off SVR for term

N/A

3.8% APR

85%

None

Nil

£1,090

£150

Offset. Free valuation. On remortgages free legal fees

Hanley

4.19%

1.00% discount off SVR for 3 years

5.19%

5.1% APR

90%

None

2% for 3 years. Can repay up to 10% p.a. ERC free.

£550

£56

Free valuation. On remortgages free legal fees.On purchases £250 c’back

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LONDON PROPERTY

REVIEW

Wapping’s tallest The Ballymore Group has unveiled plans for the next phase of its 21 Wapping Lane scheme. The new 19-storey tower is the final building and when complete in 2015 will be Wapping’s tallest, overlooking the Thames, City and Canary Wharf.

The tower’s top homes are threebedroom premier apartments boasting ‘gardens in the sky’: terraces of up to 2573 sq ft that will deliver spectacular views for future residents.

Ballymore Group’s John Mulryan said: “Wapping offers a unique living space for buyers who want to live in beautiful homes overlooking some of London’s most famous views. We’re creating luxurious homes with stunning vantage points against a backdrop of

Computer-generated image

an area rich in contrasting traditional architecture.”

Inside the homes, luxury features will range from natural stone and glass bathrooms with marble walls to custom-designed kitchens controlled by the latest technologies.

Residents are already moving into completed areas of the scheme, where onsite amenities include 24hour concierge, underground parking, screening room, health spa and fitness centre and landscaped gardens.

21 Wapping Lane, Wapping E1, suites from £305,000, two-beds from £490,000, three-beds with terraces from £999,000, Ballymore 0800 096 7777, www.21wappinglane.com

Computer-generated image

Grandstand location Standing opposite the Emirates Stadium – home of Arsenal Football Club – Barratt London’s Queensland Terrace is a new scheme of 375 open plan suites, apartments and penthouses.

Gary Patrick, regional sales director, says: “Queensland Terrace’s location is known around the world but what football fans may not realise is that this is a very popular neighbourhood because of the appealing lifestyle available here.”

Designed by CZWG, the terrace of three contemporary towers on a podium level will give most apartments a balcony or terrace with London views.

The development will offer a residents-only fitness suite, 24-hour concierge, underground parking, and landscaped gardens.

Queensland Terrace, Queensland Road, Islington N7, £287,000 to £497,000, Barratt London 020 3211 1034

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ISLINGTON HIGHBURY CANONBURY Barnsbury angel

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LONDON PROPERTY

REVIEW

Open plan update A freehold family house on the southern side of tree-lined Ockendon Road, Islington, has been remodelled over its four floors.

On the three-bed home’s lower ground floor, an impressive open plan dining room and kitchen features a glazed extension that leads out into the 43ft rear garden. The raised ground floor contains a double reception room.

The master bedroom stretches across the entire first floor, complete with dressing room and en suite bathroom, and there are two more bedrooms and another bathroom

above on the second floor. Total inside living space is just over 2271 sq ft.

South of Balls Pond Road, residential Ockendon Road is within easy reach of Highbury & Islington, Essex Road and Angel stations, and there are plenty of local amenities on adjoining Southgate Road.

Ockendon Road, Islington N1, £1.65m, Knight Frank 020 3657 7340

Maisonette makeover A refurbished split-level maisonette to let in Barnsbury is set over the ground and lower ground floors of a period property in residential Brooksby Street.

Its lower level features a double reception room containing a dining area, and a separate eat-in kitchen with double doors out into a south-facing rear garden.

The 55ft private garden has steps down to a lower patio.

Large master bedroom, second bedroom and family bathroom are on the lower ground floor. Angel and Highbury & Islington stations are easy walking distance, and Islington’s Upper Street is just five minutes away.

Brooksby Street, Barnsbury N1, £640 per week furnished, Knight Frank 020 3657 7340

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LONDON PROPERTY

REVIEW

BARNSBURY

The currents owners are said to have maintained an early Victorian townhouse in Cloudesley Road with considerable tender loving care and close attention to detail.

The mid-terrace property in the Barnsbury conservation area has fine fixtures and fittings throughout its light rooms arranged over four floors. The ground floor has a through reception room, and the lower ground level includes a dining room and kitchen.

Bedroom one has high ceilings and takes up the whole of the top floor. The 1330 sq ft home includes a bathroom, shower room, and 31ft rear garden with shed.

Cloudesley Road, Barnsbury N1, £1,495,000, Savills 020 7226 1313

Square corner plot A large sash window at the side directs extra light into the ground floor level of a house on a corner plot in Arlington Avenue, just off Arlington Square.

The Victorian property is wider than average and has four floors of living space that includes two bedrooms, two bathrooms, a double reception, and a kitchen and dining room.

South of Essex Road station, the property has a rear garage that has been converted into a studio. It also has two vaults and a 20ft garden. Angel and Highbury

and Islington stations are both easy walking distance.

Last year, with help from a Big Lottery Fund Groundwork grant, locals transformed a neglected space in the corner of Arlington Square into a small community garden with raised beds for vegetables, herbs, fruit and flowers.

Arlington Avenue, Islington N1, £1.2m, Carlton 020 7359 0000

Executive choices Ebury Mews is a new development of four executive family homes in increasingly fashionable Highbury.

On a peaceful tree-lined road, the new homes sit comfortably with traditional Victorian villas in the affluent Sotheby Road conservation area.

Produced by London residential specialists Commodore Homes, Ebury Mews offers four different houses finished to superior standards.

All properties have private, secluded gardens and are approached by a tree-lined mews path from Sotheby Road.

The properties are modern living spaces with light, open rooms and up-to-date utilities and facilities. All feature top-of-the-range appliances, as well as energy-saving devices and initiatives such as turf roofs.

No. 1 is a five-bedroom detached home on three floors. On the corner façade is a two-storey glazed wall that floods the top two floors with natural light, and there’s also a lightwell in the entrance hall.

Nos. 2, 3 and 4 are four-bedroom terraced homes built on the same model and arranged over four floors. Externally these are more traditional in design but with a thoroughly modern production.

Ebury Mews, Highbury N5, from £1.6m, Hamptons 020 7226 4688

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LONDON PROPERTY

REVIEW

Immaculate A flat-fronted Victorian villa on Ockendon Road in Islington has four storeys of inside living space plus a 54ft south-facing and walled rear garden.

Said to be in ‘immaculate decorative order throughout’, the four-bedroom property has a through reception room on the raised ground floor containing dual-aspect sash windows with original shutters, two period fireplaces, ceiling cornicing and centre roses. Plenty more original features have been retained around the house.

The lower ground floor features a kitchen and breakfast room, and a dining and family room that opens out into the private garden. Fixtures and fittings include stripped wooden flooring and there are three bathrooms.

Ockendon Road, Islington N1, £1,695,000, Hugh Grover 020 7226 1010

WHY CHOOSE HUGH GROVER ASSOCIATES

GREAT CUSTOMER SERVICE REALISTIC TRANSPARENT HELPFUL

Shoreditch, yoga and Jamie Oliver A first floor apartment is for sale in a corner position at the Delta House apartment block in Nile Street, a three-minute walk from Old Street tube station.

The current owners have lived here happily for 12 years. “From our balcony we can see City Road in one direction and the serpentine Nile Street in the other. It’s a quiet corner of a buzzy part of Shoreditch,” they say.

Hoxton Square is five minutes away, and there are plenty of shops, cafes and gyms nearby. Try some poses at the yoga studio opposite, and have lunch at Jamie Oliver’s 15 restaurant one block away.

“We often walk to the Angel for shopping, or the Barbican Centre for cinema, art galleries and theatre, or to Colombia Road or Brick Lane for a chilled-out Sunday,” say the owners.

Inside living space of almost 500 sq ft includes a reception and dining room, kitchen, and a double bedroom with built-in wardrobes. There’s also a large communal roof terrace.

Call 020 3435 4656 and join over 5,000 homeowners that have trusted Hugh Grover Associates to sell their home.

www.inhughwetrust.com

325 Upper Street London N1 2XQ

Delta House, Nile Street, Shoreditch N1, £375,000, Hotblack Desiato 020 7226 0160 DPS_ADVERT_LonPropRev-63x260.indd 1

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I S L I N GTO N | H I G H B U RY | C A M D E N

NOW AVA I L A B L E in North London P recise valuations C rystal clear communications R a z or sharp rates

Islington Office 314 Upper Street London N1 2XQ

Highbury Office 2 Highbury Park London N5 2AB

Camden Office 67 Parkway London NW1 7PP

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7226 0160

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7482 2894

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H O T B L A C K D E S I A T O .C O .UK

H I G H B U RY N 5 Double fronted family home with extensive gardens and off-road parking near Highbury Fields. EPC - f

C A N O N B U RY S Q U A R E N1 Newly refurbished two bedroom flat in the heart of Canonbury. EPC - c

£1,600,000

£650 per week

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S T PA U L’ S P L A C E N1 4 storey house with large mature garden. EPC – e

£1,500,000

H I G H B U RY G R A N G E N 5 Immaculate architect designed apartment in Highbury. EPC – d

£460 per week

Islington Office 314 Upper Street London N1 2XQ

Highbury Office 2 Highbury Park London N5 2AB

Camden Office 67 Parkway London NW1 7PP

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D OW N H A M R OA D N1 Stunning 4 storey house in peaceful location. EPC – d

R E G E N T ’ S PA R K T E R R A C E N W1 Two bedroom garden flat on one of the area’s most desirable streets. EPC -d

£1,200,00

£450 per week

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020 7226 1010

sales

325 Upper Street, London, N1 2XQ www.hughgrover.co.uk

Ockendon Road, N1

Freehold

£1,695,000

• 4 Bedrooms • 3 Bathrooms • Through Reception Room • Kitchen • Dining Room/Family Room • South Facing Garden • Retains Certain Period Features • Immaculate Decorative Order Throughout.

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020 7226 1010

sales

325 Upper Street, London, N1 2XQ www.hughgrover.co.uk

Ardleigh Road, N1 2 Bedrooms

Leasehold

£359,950

Halton Road, N1 2 Bedrooms

Share of Freehold

£375,000

Mildmay Road, N1 2 Bedrooms

Leasehold

£575,000

Bunning Way, N7 2 Bedrooms

Leasehold

£282,500

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Mrch 13

SALES

Gibson Square, N1 Situated in this most sought after garden square within the popular Barnsbury Conservation area a magnificent grade 11 listed Georgian house

ÂŁ2,200,000 Freehold

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Let in days ...

Highbury New Park, N5. £350 Per Week

Highbury Park, N5. £440 Per Week

Carlton is Islington’s leading independent letting agent providing a consistently high quality service. We have 15 years experience and regularly let properties within days, for the full asking price.

We are the landlords’ number one choice.

SALES + LET TINGS 020 7359 0 0 0 0 www.carltonestateagents.co.uk

I S L I N G T O N ’ S E S TAT E A G E N T S

31 Carlton DPS.indd 2

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REVIEW LONDON PROPERTY

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City, Islington and Docklands’ best read property magazine Central and South West edition, covering: Marylebone, Mayfair, Pimlico, Belgravia, Knightsbridge, Chelsea, South Kensington, Kensington, Notting Hill, Paddington, Holland Park, Fulham, Brook Green

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www.londonpropertyreview.co.uk 27/02/2013 12:45

Scott City FP_Layout 2 24/08/2011 14:59 Page 1

specialists in property sales & lettings in the

City of London

Cliffords Inn, Fetter Lane EC4

£265,000

John Trundle Court, Barbican EC2

£320 per week

Temple House, Temple EC4

£725,000

Hosier Lane, West Smithfield EC1

£410 per week

Farringdon Road, Farringdon EC1

£760,000

Temple House, Whitefriars EC4

£535 per week

Studio Apartment, third floor, 24 Hour porter, Laundry room, lift, close to Temple,

Two bed room apartment, fifth floor, en suite shower room, balcony, day porter, secure parking, close to Inner Temple

Two bedroom apartment, approx. 940 sq. ft., En suite bathroom, fitted kitchen, fourth floor, East aspect, close to Farringdon and new Crossrail station.

Large style studio, original bathroom, refitted kitchen. Furnished, wood flooring throughout, westerly aspect. Close to Barbican tube station. Available March.

Large one bedroom, fully fitted kitchen. Limestone bathroom, fully furnished. 24 hour concierge, security entrance. Quiet location. Modern design, available immediately.

Two bedroom, two bathroom. Wood flooring throughout, fully furnished, small balcony.

Day porter, security entrance. Fully fitted kitchen, great location. Available immediately.

122 Newgate Street London EC1A 7AA +44 (0)20 7600 0026 www.scottcity.co.uk Email: property@scottcity.co.uk Scott City FP.indd 1

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Bloomsbury SHOREDITCH CLERKENWELL SPITALFIELDS moorgate london fields

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LONDON PROPERTY

REVIEW ST PANCRAS Set above the five-star Renaissance Hotel, close to the Eurostar platform, an impressive twobedroom flat to let at St Pancras Chambers has original wood floors, high ceilings and full-length Gothic-style windows.

The apartment is fitted with cavityglazed, noise-insulating windows and its 1070 sq ft of space includes two bathrooms, kitchen and reception room, mezzanine level and galleried area. It includes 24-hour porterage.

Sitting in a quiet spot behind Smithfield Behind all the hustle and bustle of Smithfield Market and its security entry system sits a two-bedroom apartment in a silent location on Middle Street.

This second floor property currently available to let in West Smithfield is a modern conversion of a Georgian terraced house. Oozing character, it features a fully

fitted kitchen with a dining area for four people. The modern bathroom has both bath and shower, and the flooring is carpeted.

St Pancras Chambers, Euston Road NW1, £850 per week flexible furnishings, Savills 020 7354 6701

Middle Street, West Smithfield EC1, £475 per week, Scott City 020 7600 0026

Fourth on Farringdon All the main rooms enjoy an easterly aspect at a two-bedroom apartment on the fourth floor of a Gothic-style building on Farringdon Road.

Offering around 900 sq ft of space, the home includes an entrance hall, reception room, en suite bathroom, and a fully fitted kitchen. It has wood flooring in the hall and reception and carpeting in the bedrooms.

Handy for the City and West End, the building stands next to Farringdon Road tube station, currently undergoing major construction works for the new Farringdon and Crossrail station.

Farringdon Road, Farringdon EC1, £760,000, Scott City 020 7600 0026

Gin house access Originally a gin distillery, Grade II listed Mountford House in Clerkenwell has a split-level one-bedroom apartment currently for sale on its first floor.

Halfway up Britton Street, opposite the Briset Street junction, the apartment is in top condition after its recent bright contemporary makeover. Vaulted ceilings and a large window in the open plan kitchen and reception give it a light and airy feel. There’s lift access and a day concierge.

Mountford House, Britton Street, Clerkenwell EC1M, £450,000, Hamptons 020 7236 8398

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LONDON PROPERTY

REVIEW

Interior-designed space with a Twist Colourfully interior-designed living space on five floors is currently available to let at a six-bedroom house in John Street, one of Bloomsbury’s most prestigious addresses.

Topped by a large roof terrace, the 6330 sq ft property mixes contemporary styling with period features such as high ceilings in the main rooms, cornicing and fireplaces. Among the modern home comforts are underfloor heating, Lutron lighting and a Sonos integrated music system throughout.

The first floor master bedroom has a dressing area and a huge en suite bathroom and shower room, and there are four more en suite bedrooms. The ground floor reception has French windows that open out into a 54ft rear garden.

On the lower ground floor, an impressive family room, kitchen and dining room has a spiral staircase leading up into the garden. This level includes the sixth bedroom – with en suite bathroom and utility room – which has its own entrance and would be ideal for staff accommodation.

John Street is handy for the tubes at Chancery Lane and Holborn (Central Line) and Farringdon (Hammersmith & City, Metropolitan and Circle) for easy access into the City and the West End. Named after carpenter John Blagrave, John Street runs into Doughty Street, named after landlord Henry Doughty, Blagrave’s employer. Doughty Street is the home of the Charles Dickens Museum, the writer’s only surviving London house and where he wrote Oliver Twist and Nicholas Nickleby.

John Street, Bloomsbury WC1, guide price £5500 per week, Knight Frank 020 3435 6440

“This beautifully presented house offers wonderful family accommodation across five floors, with the added bonus of a 54ft garden and a large roof terrace” Erin van Tuil, Knight Frank

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EXCLUSIVE PROPERTY SPECIALISTS

THESPACESTATION.CO.UK 39 Space Station OUTPUT.indd 2

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LONDON PROPERTY

REVIEW

citydirectory Knight Frank 353 Upper Street, Islington, London N1 0PD

Islington Cluttons Islington 6 Camden Walk N1 8DY

 020 3657 7340  islington@knightfrank.com

www.knightfrank.co.uk  020 7354 6666  islington@cluttons.com

Savills Islington 94-96 Upper Street, London N1 0NP

www.cluttons.com

 020 7226 1313  islington@savills.com

Currell Islington 321 Upper Street Islington N1 2XQ 020 7226 4200 islington@currell.com www.currell.com

www.savills.com





City

Currell New Homes Islington House, 313 Upper Street, Islington N1 2XQ  020 7226 6611  newhomes@currell.com

BLOOMSBURY

PROPERTY SERVICES  020 7831 1191

 020 7359 9777  sales.islington@chestertonhumberts.com

s

 info@bloomsburyprops.co.uk

www.currell.com Chesterton Humberts 327-329 Upper Street Islington N1 2XQ

Bloomsbury Property 98 Gray’s Inn Road WC1X 8AJ

www.bloomsburyprops.co.uk

callum roberts

Callum Roberts 40 Theobalds Road London WC1X 8NW  020 7242 9977  info@callumroberts.com

www.chestertonhumberts.com

www.callumroberts.com

Hamptons Islington 97-99 Upper Street Islington N1 0NP

Currell Clerkenwell 122/124 St John Street Clerkenwell EC1V 4JS

 020 7717 5103  islington@hamptons-int.com

 020 7226 6611  clerkenwell@currell.com

www.hamptons.co.uk

www.currell.com

Hugh Grover Associates 325 Upper Street Islington N1 2XQ

Currell Hackney Quebec Wharf, 311-313 Kingsland Road, Hackney E8 4DL

 020 3435 4656  sales@hughgrover.co.uk

 020 7241 4111  hackney@currell.com

www.hughgrover.co.uk

www.currell.com

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LONDON PROPERTY

REVIEW Visit these agents for properties in the City, Islington and Docklands Currell Victoria Park 81 Lauriston Road Victoria Park E9 7HJ

Knight Frank 1 Wapping High Street, London E1W 1BH

 020 3222 5555  victoriapark@currell.com

 020 7480 6848  wapping@knightfrank.com

www.currell.com

www.knightfrank.co.uk

Hamptons City Aldermary House, 15 Queen Street, London EC4N 1TX  020 7717 5293  city@hamptons-int.com

www.hamptons.co.uk

Docklands

Knight Frank 18-19 Cabot Square, Canary Wharf, London E14 4QW  020 7512 9966  cwharf@knightfrank.com

www.knightfrank.co.uk

Landmark 264 Westferry Road, London E14 3AG Dawn Sandoval Residential Ltd  020 7093 1702  dawn@dawnsandovalresidential.co.uk

 020 7515 0800  info@lmlondon.com

www.lmlondon.com

www.dawnsandovalresidential.co.uk

FJ Lord 4 Copper Row, Tower Bridge Piazza, Shad Thames SE1 2LH  020 7089 6490  shad.thames@fjlord.co.uk

Savills Canary Wharf 4 Westferry Circus, London  020 7531 2500  canarywharf@savills.com

www.savills.com

www.fjlord.co.uk Henry Wiltshire 2 Laybourne House, Admirals Way london E14 9UH  020 7001 9160  kelly@henrywiltshire.co.uk

www.henrywiltshire.co.uk

Savills Docklands 80 Wapping High Street, London  020 7456 6800  docklands@savills.com

www.savills.com

Hamptons Tower Bridge 41 Shad Thames London SE1 2NJ

Winkworth Surrey Quays Surrey Quays Shopping Centre SE16 7LL

 020 77175124  towerbridge@hamptons-int.com

 020 7237 9119  surreyquays@winkworth.co.uk

www.hamptons.co.uk

www.winkworth.co.uk

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LONDON PROPERTY

REVIEW NORFOLK

Exposed beams and brickwork are among the rustic charms of a five-bedroom cottage in the centre of the Norfolk market town of Harleston. An ideal second home in a popular town, the property features a dualaspect dining hall and entertaining space.

London 112 miles Suffolk House, Yallops Close, Harleston, Norfolk, guide price £330,000, Musker McIntyre 01379 882535

Country house will be perfect for your guests Currently run as an upmarket guesthouse, Friary Wood is an impressive seven-bedroom country mansion on the southern outskirts of Bath set in around 15.5 acres of gardens, paddocks and woodland.

Fully modernised in the last five years by the present owners, the detached property outside the village of Hinton Charterhouse can offer paddocks, a tennis court and a heated swimming pool, together with a separate and self-contained one-bedroom apartment.

The two main reception rooms, kitchen and

conservatory all overlook a magnificent lawn that leads down to pastureland and stabling belonging to the property. Within the grounds is an extra property, currently tenanted, available to buy separately if you’d care to make an offer.

London 116 miles Friary Wood, Hinton Charterhouse, Bath, £1.6m, Cobb Farr 01225 333332

Stop on the Dickens trail Legend has it that the Wiltshire hamlet of Pickwick, now part of Corsham, provided the inspiration for The Pickwick Papers after Charles Dickens dropped into the local pub on his travels.

Moses Pickwick – so named after he was abandoned here as a baby – grew up to run a coach business from the Hare and Hounds, today a popular stop on the Dickens trail. Currently for sale in Pickwick is a late 18th century stone-built detached house including five bedrooms, kitchen and breakfast room with Aga, swimming pool, double garage and garden.

London 102 miles Pickwick, Corsham, £599,950, David Ingram 0129 710900

Barn conversion is a real winner Completed in 2010, a Grade II listed detached barn conversion with three levels of living space outside Loddon, Norfolk, is a multiple award winner.

The high-spec rural home at Low House Barn, in quiet Hales Green, has a grand reception hall with a feature staircase, five bedrooms and two sitting rooms. There are high vaulted ceilings, exposed brickwork and beams throughout.

On the ground floor, the fully fitted kitchen and breakfast room features handpainted Farrow & Ball base units, twin Belfast sinks, a central island and a three-oven Aga range cooker.

At the end of a tree-lined driveway behind electric gates, the property includes a sunroom, large lawned garden and fenced fruit trees. It also has a triple garage and rear courtyard.

London 126 miles Low House Barn, Hales Green, Loddon, Norfolk, £975,000, Musker McIntyre 01508 521110

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SUFFOLK

Pratts Farm in the Suffolk rural conservation village of Depden is a Grade II listed, timber-framed former farmhouse that stands in around 2.4 acres of formal gardens and amenity land.

Improved and maintained by the current owners, the property is believed to date back to the 16th century.

Nene Valley views The programme of works included re-thatching in reed, and the property has the character and atmosphere of a period house with many of the benefits of a contemporary home. It includes a double garage.

Pratts Farm, The Green, Depden, Bury St Edmunds, guide price £650,000, Robinson’s Portfolio 01284 769694

London 85 miles Tansor Wold Cottage, Warmington, Northants, £750,000, Woodford & Co 01832 274732

Bourton-on-the-Water

New life in the Cotswolds Set in the picturesque Cotswold village of Bourton-on-the-Water, Taynton Barn has an authentic barn conversion feel coupled with all the comforts of a modern purpose-built home.

One of four new-builds currently available in this designated area of outstanding natural beauty, the four-bedroom barn-style property offers more than 2000 sq ft of rural living space on two floors. It includes a secluded corner plot garden and additional forecourt parking.

London 84 miles Taynton Barn, The Larches, Station Road, Bourton-on-the-Water, £650,000, Perry Bishop & Chambers 01242 246980

C OUN TRY P ROPERT Y

Tansor Wold Cottage is a stone and thatched property with a garden that delivers superb rural views over the Nene Valley in Northamptonshire.

Four miles from the historic market town of Oundle and its top independent school, the detached family house is 12 miles from Peterborough station and trains to London King’s Cross in less than 50 minutes.

Dating back to 1901, the five-bedroom property was originally a pair of cottages built by the Ashton Estate. The two became one in 1995, refurbished and extended under the management of a local architect.

London 81 miles

Serene stream scene Newly built of natural stone, a detached family house in Tetbury, Gloucestershire, is set back from the road and enjoys a serene southerly outlook across a stream towards adjoining pastureland.

This recently completed high-spec home has 2200 sq ft of accommodation space that includes four double bedrooms (two en suite) and three reception rooms on a quarter-acre plot.

The generous kitchen, dining and living room has a bespoke range of Shaker-style units, a central island, and triple French windows that open out onto a southfacing sun terrace overlooking the garden.

London 100 miles Southdown House, Charlton Road, Tetbury, Gloucestershire, guide price £825,000, Perry Bishop & Chambers 01666 504418

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For Sale

01249 701900

7 High Street, Corsham Wiltshire SN13 0ES e corsham@david-ingram.co.uk www.david-ingram.co.uk

Pickwick, Corsham, Wiltshire

£599,950

Believed to date from the late c18th century with later additions, this principally stone built detached house retains much charm and considerable character and is set well back from the road, standing in delightful, established gardens, approaching ½ acre which back on to open fields. With the added benefit of a 24’ x 12’ swimming pool, pool house with wc, double garage and ample parking for numerous vehicles, this is an ideal family home.

The accommodation includes a master bedroom with en suite bathroom, three further bedrooms and family bathroom on the first floor, 20’ kitchen/ breakfast room with Aga, sitting room with patio doors to the garden, dining room, study, downstairs shower room and utility room.

50 David Ingram FP.indd 1

SALES • LETTINGS • PROPERTY MANAGEMENT 27/02/2013 12:50

01206 299222

www.grierandpartners.co.uk Specialising in the sale of country and village homes on the Essex Suffolk border in the heart of Constable Country and the Dedham Vale

East Bergholt, Suffolk

East Bergholt, Suffolk

A newly constructed four bedroom individually designed contemporary home finished to the highest standard enjoying a south facing rear garden and enclosed private courtyard.

A stunning three double bedroom barn conversion with exposed oak timber frame, recently completed to the highest standard with a private south westerly facing part walled garden.

£875,000

£825,000

01206 299222 enquiries grierandpartners.co.uk

01206 299222 enquiries grierandpartners.co.uk

Bentley, Suffolk

Stratford St Mary, Suffolk

Situated in the centre of the village, a charming four bedroom period house with well proportioned extended accommodation, detached double garage and landscaped gardens.

A substantial period Grade II listed farmhouse enjoying a unique rural setting with extensive views across the Dedham Vale. The property enjoys grounds of approx. 5 acres (sts) of paddocks and formal gardens, stable block and garaging.

£540,000

£925,000 01206 299222 enquiries grierandpartners.co.uk

01206 299222 enquiries grierandpartners.co.uk

Grier & Partners The Old Shop | The Street | East Bergholt | Colchester | CO7 6TF 51

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RESIDENTIAL SALES • RESIDENTIAL LETTINGS • PROPERTY MANAGEMENT • FINANCIAL SERVICES

Gislingham, Suffolk

£475,000

A fine period house, recently renovated and enlarged and occupying an attractive rural position with gardens and grounds extending to about an acre (sts).

Loddon, Norfolk

£975,000

A multi award winning Grade II Listed detached barn conversion completed in 2010 finished to a high specification with spacious accommodation on three levels, boasting high vaulted ceilings, exposed brickwork & beams throughout and set in the quiet rural location of Hales Green just outside Loddon.

Entrance Hall • Three Receptions • Kitchen/Breakfast Room • Utility Room • Master Bedroom with En-suite • Three Further Bedrooms • Ample Car Parking • Attractive Gardens and Grounds extending to about an acre (sts) Diss Office 01379 644822 diss@muskermcintyre.co.uk

Entrance and Grand Reception Hall • Three levels with Five Bedrooms • Two Sitting Rooms with high vaulted ceilings • Sunroom • Large Lawned Garden • Triple Garage and Ample Parking Loddon Office 01508 521110 info@muskermcintyre.co.uk

Cratfield, Suffolk

£489,999

A pretty, timber framed and thatched four bedroom cottage dating from the 1500’s with later additions, boasting a wealth of character and original features with gardens of approx 1 acre and enjoying wonderful rural views in this quiet country lane in Cratfield.

Entrance Hall • Kitchen/Breakfast Room • Four Double Bedrooms • Family Bathroom • Open Fronted Garage • Storage Outbuilding • Two Greenhouses • Pond • Plot of approx.

1 acre (sts) • Wonderful rural views

Chedgrave, Norfolk

Joanna McIntyre Loddon Office Tel. 01508 521110

Jodi MacKenzie Beccles Office Tel. 01502 710180

£290,000

Entrance Hall • Three Bedrooms • L-shaped Sitting/Dining Room • Utility Room • Large Family Bathroom • Cloakroom • Double Garage and Parking • Front and rear gardens

Halesworth Office 01986 888205 halesworth@muskermcintyre.co.uk

Simon McIntyre Bungay Office Tel. 01986 888160

Offers in Excess of

Originally a four bedroom bungalow, extended to accommodate the bathroom, this well presented three bedroom bungalow is offered in immaculate order throughout and has been well maintained by its current owners. The property is pleasantly situated in the popular village of Chedgrave, just outside Loddon.

Will Sadler Diss Office Tel. 01379 644822

Loddon Office 01508 521110 info@muskermcintyre.co.uk

Andrew Neil Halesworth Office Tel. 01986 888205

Richard Clarke Harleston Office Tel. 01379 882535

Matthew Chapple Norwich Office Tel. 01603 859343

...committed to exceeding expectations

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(0)1672 564555

Charlton St Peter – Wiltshire Price Guide: £1,500,000 Subject to Contract – Freehold An exceptional six bedroom family house set in glorious gardens and grounds of just under three quarters of an acre situated in the heart of this small and friendly, rural village set the dramatic open scenery of the Vale of Pewsey.

The house has been the subject of comprehensive refurbishment and extension and offers a versatile, bright interior with both formal and informal accommodation. The principal rooms enjoy fine period detail including high ceilings, large sash windows with shutters and fireplaces. There are extensive gardens predominantly laid to lawn which look onto open farmland. There is a large barn which would be ideal for conversion into a home office, games room or ancillary accommodation (subject to consent).

www.manningfordcroft.com

Charlton House

There is excellent walking and riding locally in the beautiful, gently rolling landscape of the Vale. Express trains to London Paddington (70 minutes) from nearby Pewsey. A303/M3 within 15 minutes.

Entrance Hall Sitting Room Drawing Room Dining Room Study Kitchen/Breakfast Room Orangery Scullery and Boiler Room Utility/Boot Room Cloakroom Cellars Principal Bedroom with En Suite Dressing Room and Bathroom Five Further Bedrooms Two Further Bathrooms and Two Further Shower Rooms Large Brick Barn Gardens and Grounds of just under three quarters of an acre Extensive Parking JSA Knight Frank Hungerford 01488 682 726

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Thorpe Morieux, Bury St Edmunds, Suffolk

Guide ÂŁ499,950

A unique opportunity to acquire a four-acre development site within this picturesque hamlet.

Planning permission has been granted for the existing former Victorian chapel to be converted and extended to provide a magnificent home. There is an existing detached modern timber framed barn complex built in a traditional style of some C. 2800 sq ft over two floors providing stabling, storage, office and workshop facilities.

Elmswell, Bury St Edmunds, Suffolk

Guide ÂŁ549,950

Substantial five-bedroom house standing in one acre of glorious and private mature grounds.

Reception hall, cloakroom, kitchen/breakfast, utility room, dining room, drawing room, study. Master and guest bedroom suites, three further bedrooms, bathroom. Carriage drive, double garage, studio/office on two floors, timber outbuilding. Double-glazed, gas-fired central heating. Energy efficiency rating: D (57).

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woodfordandco.com

NORTHAMPTONSHIRE | Polebrook £975,000 Peterborough station (King’s Cross 48 minutes) 13 miles A fine modern house set in a prime village and offering up to 7 bedrooms and a potential annex. Lovely, landscaped gardens of 0.41 acres, backing on to fields.

01832 274732 Woodford FP.indd 1

info@woodfordandco.com

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LONDON PROPERTY

REVIEW

First of eight penthouses has a cathedral terrace A luxury collection of eight duplex penthouses of varying sizes are set on the top floors of a new South Bank building designed by architects Greig & Stephenson, who are based in Southwark.

Just 200 metres from London Bridge station and Borough Market, the penthouses at 28 Park Street all have independent air conditioning, underfloor heating, and fully furnished interiors designed by Natalia Higgins of Natalia Design. They were completed in 2009.

Each also has double-height ceilings in the main living area, balconies that deliver superb views of the Thames and the City skyline, and a secure penthouse elevator that goes straight to the sixth floor. They are protected by 24-hour manned security, CCTV cameras, remote video access and a private drive.

Part of the South Bank regeneration area, the homes will be just 50 metres from the proposed covered Cannon

Bridge footbridge across the Thames to the City.

Penthouse 1, currently to let, has more than 1565 sq ft of inside space that includes two bedrooms and three bathrooms. The master double bedroom has an en suite bathroom complete with bath, two showers, two washbasins, waterproof television, and east-facing balcony. The twin room has an en suite bathroom, walk-in wardrobe and access to the same east-facing balcony.

A second balcony has around 1000 sq ft of outdoor space with panoramic views of the Thames, City and Southwark Cathedral. Tate Modern and the Bank of England are just 10 minutes away.

Park Street, South Bank SE1, £1695 per week furnished, Knight Frank 020 7480 6848

“This stunning air-conditioned duplex penthouse, with a huge terrace, is interior designed to tasteful contemporary standards” Gary Hall, Knight Frank

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LONDON PROPERTY

REVIEW

Sweet inspiration SOUTHWARK

Finished to high specifications, a 1200 sq ft penthouse apartment at The Circle development in Queen Elizabeth Street, Southwark, has a luxury Poggenpohl kitchen and boutique en-suite bathroom.

The £999,950 Southwark property also includes a boutique en suite bathroom and secure underground parking. Felicity J Lord 020 7089 6490.

The Jam Factory development in Bermondsey, which once produced Hartley’s finest fruit preserves, has an architect-designed loft apartment for sale on its third floor.

Offering more than 1500 sq ft of lateral living space, the two-bedroom apartment has high-specification fixtures and fittings such as a superb hand-built kitchen and reception with American walnut joinery, integrated appliances, and Spanish slate flooring with underfloor heating.

A wide entrance hallway has walnut doors into the main living space, which contains mood lighting, and the master bedroom has Brazilian slate flooring

together with a luxury en suite bathroom and built-in dressing area.

There are excellent views from the apartment windows, and the property is set in Green Walk in a gated development with secure parking. The location is handy for Bermondsey Street’s restaurants and bars, as well as London Bridge station and Borough Market.

Jam Factory, Green Walk, Bermondsey SE1, £1.35m, Field & Sons 020 7407 1375

River view and O2 You can see the O2 Arena across the Thames in Greenwich from the landscaped roof garden of a modern penthouse apartment at Millennium Drive, Poplar.

Set on the seventh and eighth floors, the threebedroom apartment has more than 2350 sq ft of inside space plus another 1000 sq ft outside on the roof garden. You can enjoy the sunshine all day long thanks to the wraparound terrace with 180-degree views of the Thames and South-East London.

Living space includes a double-height open plan reception room, three bathrooms, and ‘vast’ amounts of storage.

Millennium Drive, Poplar E14, £1.1m, Field & Sons 020 7403 8571

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John Silkin Lane, SE8 £270,000 Leasehold

Esmeralda Road, SE1 OFFERS IN EXCESS OF £385,000 Freehold

Winkworth are pleased to offer this light spacious first floor apartment refurbished to a high standard throughout in this modern purpose built development close to local amenities.

A spacious semi-detached double fronted two storey house refurbished to a very high standard throughout, positioned in this quiet tree lined road close to local amenities.

Two Double Bedrooms | Reception/Dining Room | Newly Fitted Kitchen | Luxury Bathroom Suite | Dressing Area | Entry Phone | Off-Street Parking

Two Double Bedrooms | Quality Fitted Kitchen/Breakfast Room | Reception | Luxury Bathroom Suite | Separate Cloakroom | Alarm System | Rear Garden

Varcoe Road, SE16 £169,995 Leasehold

Water Gardens Square, SE16 £410,000 Leasehold

A light first floor apartment situated within this modern development close to all local amenities.

Winkworth are pleased to offer this third floor apartment in this exclusive, portered development adjacent to Canada Water jubilee line station.

Double bedroom | Light reception | Fitted kitchen | Bathroom | Entry Phone | Electric Heating | Hardwood Flooring | Allocated Parking

Two double bedrooms | Reception | Quality fitted kitchen area | Main bathroom | Luxury en-suite shower | Covered balcony

Winkworth Surrey Quays Surrey Quays Shopping Centre (1st Floor), Redriff Road, Surrey Quays, London SE16 7LL 020 7237 9119 surreyquays@winkworth.co.uk

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See things differently.

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London SE1

The best of London on your doorstep One The Elephant offers contemporary and sustainable studio, one, two and threebedroom homes in an elegant 37 storey tower For more information or to book an appointment: Call 020 7407 1375 Email onetheelephant@fieldandsons.co.uk

The Life The Heart The Elephant

FIELD & SONS Surveyors, Valuers & Estate Agents Est. 1804

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Love where you live

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FIELD & SONS Surveyors, Valuers & Estate Agents Est. 1804

Jam Factory, SE1 2 bedroom loft apartment. This apartment has been designed to the highest specification with outstanding living space of over 1550 sq ft. Bermondsey Street and London Bridge are within a short walk. £1,350,000

Benbow House, SE1 2 bedroom apartment. This immaculate apartment has wonderful views of St Paul’s and the river, it also has direct access to the private garden. Perfectly £1,095,000 positioned for all the Southbank has to offer.

Vantage Apartments, SW15 2 bedroom penthouse apartment.

This apartment in a brand new development features a huge wrap around terrace with superb views of the area. A truly superb London pad, close to Putney station. £945,000

Cole Street, SE1 2 bedroom stylish loft apartment in a classic warehouse conversion with period features including exposed beams, solid oak floors and exposed brickwork; located in an old residential street. £695,000

Signal House, SE1 2 bedroom apartment. This modern first floor apartment is in excellent condition throughout. Located within a private development on Great Suffolk Street, close to Borough and London Bridge stations. £435,000

Potier Street, SE1 1 bedroom flat. This beautifully presented flat in a well maintained building is close to Tabard Gardens and has been beautifully updated by the current owner. A short walk from Borough Market. £320,000

Borough Office 020 7407 1375

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FIELD & SONS Surveyors, Valuers & Estate Agents Est. 1804

Chadwick Square, SE1 ÂŁ575,000 Leasehold A well-proportioned 2 bedroom duplex apartment in the highly sought-after and secure Chadwick Square development. Quietly located in the heart of the Trinity Church Square Conservation Area, it is perfect for The City, The West End and Canary Wharf commuter. Boasting two double bedrooms, two bathrooms, a modern fitted kitchen with granite worktops, a large mezzanine area and a secure parking space. The property also offers easy access to the Northern, Bakerloo and Jubilee Tube lines, as well as every day local amenities of London Bridge and Borough High Street.

Shad Thames Office 020 7403 8571

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FIELD & SONS Surveyors, Valuers & Estate Agents Est. 1804

BOROUGH OFFICE

Great Suffolk Street, SE1 3 bedroom penthouse within a new development.

This apartment has a stylish specification and practical layout, ideally situated for Waterloo & the Southbank. Available from 5th April 2013. £850 per week

Lant Street, SE1 2 bedroom, 2 bathroom apartment in a modern gated development, within 400m from Borough station. This apartment has a spacious reception room with wood flooring and a private balcony. Offered furnished, from end of March 2013. £510 per week

Coriander Court, SE1 Large 2 bedroom property in central Shad Thames offering original warehouse features. This light and airy flat comes with the benefit of secure allocated parking. Offered furnished. Available March 2013. £600 per week

Haven Way, SE1 Beautifully presented 1 bed apartment to rent in this modern block. This property is within an easy walk of the bars and restaurants of Bermondsey Street, and the excellent transport links of London Bridge station.

Furnished and available end of March 2013 .£375 per week

Queen Street, EC4R Luxury one bedroom flat to let minutes from Mansion House tube station. Reception room, kitchen, double bedroom, bathroom.

Furnished and available now. £450 per week

Bartlett Close, E14 Furnished. Two bedrooms, reception room, separate kitchen/diner, bathroom, patio garden to rear. Close to Langdon Park DLR. Available now. £360 per week

SHAD THAMES OFFICE

CITY & EAST LONDON OFFICE

Borough Office 020 7234 9633

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Kennington Office 020 7840 0666

Shad Thames Office 020 7403 8571

City & East London Office 020 7790 9832

www.fieldandsons.co.uk 27/02/2013 15:25

FIELD & SONS Surveyors, Valuers & Estate Agents Est. 1804

Borough High Street, SE1 2 bedroom split-level flat, arranged over the top 2 floors of a period building. This spacious flat has been completely refurbished throughout with a quality finish throughout and access to a small roof terrace.

Unfurnished, available Now. £500 per week

Felton Hall House, SE16 1 bedroom apartment situated within a small, newly completed development with a spacious open-plan reception / kitchen and a £385 per week large private balcony. Furnished from 13th March.

Neo Bankside, SE1 Lavishly appointed 2 bedroom apartment in sought-after Neo Bankside. Offering in excess of 1,200 sq/ft this beautiful apartment benefits from a large winter garden and partial river views. Offered furnished. Available £900 per week March 2013.

Providence Square, SE1 Offering almost 1,000 sq/ft and private balcony overlooking the Japanese water gardens, this 2 bed apartment comes with 2 bathrooms, separate kitchen and secure parking. Offered furnished and £585 per week. available March 2013.

The Sphere, E16 Furnished. Two bedroom, two bathroom, reception room, open plan to kitchen with fitted appliances, balcony. 100 metres to Jubilee Line at Canning Town. Available immediately. £300 per week

Ontario Tower, E14 Furnished. One bedroom, bathroom, reception room open plan to modern fitted kitchen, great views, 586 sq ft. Available 25th February.

£400 per week

Borough Office 020 7234 9633

Kennington Office 020 7840 0666

Shad Thames Office 020 7403 8571

www.fieldandsons.co.uk Field Lettings DPS.indd 2

City & East London Office 020 7790 9832

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020 7715 9700

joneslanglasalle.co.uk

Ability Place, E14 • One bedroom • 15th floor city views • Concierge & Gym • South Quay DLR

£349,950 Leasehold

Naxos Building, E14 • Two bedrooms • Two balconies • Allocated parking • River views

£424,950 Leasehold

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11 Westferry Circus, Canary Wharf, London E14 4HD

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020 7715 9700

joneslanglasalle.co.uk

Aqua Vista, E3 • • • •

One bedroom Luxury development Canalside apartment Bow location

Aqua Vista, E3 • • • •

One bedroom Luxury apartment 35th floor views Gym & Concierge

Indescon Court, E14 • • • •

£350pw

Two bed/two bath Canalside apartment Luxury development Bow location

Landmark East E14 • • • •

£270pw

£430pw

One bedroom Brand new apartment 10th floor views South Quay DLR

New Atlas Wharf, E14 • • • •

Two bed/ two bath Luxury apartment 23rd floor Gym & concierge

11 Westferry Circus, Canary Wharf, London E14 4HD JLL DPS.indd 2

Ability Place, E14 • • • •

£360pw

One bedroom River Views Leisure facilities Allocated parking

Landmark West, E14 • • • •

£310pw

£530pw

One bedroom 8th floor Spa & concierge South Quay DLR

St Davids Square, E14 • • • •

£395pw

Two bed/ two bath Allocated parking Full leisure facilities Island Gardens DLR

Belgrave Court, E14 • • • •

£350pw

£1200pw

Three bed/three bath Luxury development 24hr concierge Allocated parking

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