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Jun 8-22, 2022 wharf-life.com

+ Will you be at the top event for buy-to-let investors as it gears up for its 74th show? Page 16

Discover an awesome selection of new-build developments along the eastern stretch of the Elizabeth Line

special supplement from Page 21

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view our latest featured property – a four-bedroom home in Limehouse, currently on the market with Hamptons Pages 18-19 Property in Canary Wharf, Docklands, east London buy - rent - invest - interiors - commercial

Fast, affordable, conveyancing services Call our team on 020 7205 4021 or email cmiller@kiddrapinet.co.uk, ypatel@kiddrapinet.co.uk or mzvarykina@kiddrapinet.co.uk

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73 how the latest National Landlord Investment Show will bring investors and experts together by Jon Massey

Part of the mural, which has been put in place at Kerbey Street and Chrisp Street by developer Telford Homes

how art in east London points the way by Jon Massey

hen hoardings are decorated, you can rest assured something pretty seismic is happening behind them. East London artist Paolo Fiorentini has drawn artwork created by pupils at Lansbury Lawrence School in Poplar together with archive images to create a mural running along boards on Kerbey Street and Chrisp Street. The fences are up on the boundary of a site that forms part of developer Telford Homes and housing association Poplar Harca’s extensive redevelopment of the wider area, which will see 600 new residential properties built. The plans also include new communal residents’ areas, commercial space, an updated market, entertainment, restaurants and bars. The children taking part in the project to decorate the hoardings were asked to depict what they considered to be important about the area, with some creating images of local landmarks including Chrisp Street Market Clock Tower. Paolo said: “This project was all about giving something back to the community, providing something that truly belongs to them, and I believe that we have achieved this with the mural.” Poplar Harca places and services coordinator Simon Carroll said: “Telford Homes, in partnership with Poplar HARCA, is delivering an exciting transformation in Chrisp Street. “Supporting the continued trade of established local businesses, as well as introducing new retailers, they are building a vibrant future for the community here. “The mural is a symbol of this commitment, as well as being evidence that Chrisp Street has, and always will, be about its people.” Go to poplarharca.co.uk Scan this code to find out more about the Chrisp Street Market Plans

he National Landlord Investment Show is set to bring its potent blend of panel discussions, legal advice, lenders, tax experts, investment opportunities, insurance, property management, proptech, interior design and education back to central London. Created by husband and wife Steve and Tracey Hanbury in 2013, the show will return to Old Billingsgate for the second time this year on July 5, marking its 74th live exhibition nationwide. Bringing together thousands of landlords, investors and real estate professionals with companies to serve their needs, the event is aimed at anyone with an interest in managing or investing in property. Tracey said: “‘We are thrilled to be returning to Old Billingsgate after the huge success of our London show in March. “We have more than 100 exhibitors from all compass points of the property and investment sector, plus over 50 expert speakers offering excellent advice and four brilliant panel sessions. “Our July event marks our 74th live show so we really know our audience. Being landlords ourselves we know exactly what the market needs, and how to translate that requirement into producing top quality events. “As always, access to all of this is free – you just need to register via our website – although I’d be quick as the tickets are going like hotcakes. “‘Our live show locations are carefully selected to ensure attendees and exhibitors get the most from each event. “Old Billingsgate is a stunning venue, which spans two floors. Spacious, impressive and easy to navigate, moving our London

As always, access to all of this is free – you just need to register via our website – although, I’d be quick as tickets are going like hotcakes Tracey Hanbury, NLIS

events here in 2021 took the exhibition experience to another level and cemented our position as the UK’s number one landlord and property investment exhibition. “On November 17 this year our prestigious Landlord Investment Show Awards return, celebrating all the great people in the property investment sector. “To keep you informed we publish Landlord Investor magazine and have our very own property news portal – Property Notify – which publishes independent news, views and opinion from the cream of the industry. “In 2019 we successfully launched Landlord Investors Club during the challenges of lockdown and added online shows to our roster, delivering four huge virtual events. “As of June last year we also launched Landlord Investor Hour, our very own online TV platform. All of our events and media are 100% dedicated to the UK buy-to-let community and are free to access.” what’s on at the show? l A series of panel sessions will take place at the next event, featuring the views of experts, investors, media commentators and politicians. These kick off at 10.15am with Pain Free Property chaired by broadcaster and show regular Andrew Neil. Then, at 11.30am Elizabeth Warburton will chair HMO: Making It Work And Avoiding The Pitfalls. The day will conclude with Ben Beadle of the National Residential Landlord Association chairing a session at 3.30pm. l Also on offer, Property Elevator Live – the TV show that gives property developers the chance to partner with a seasoned professional – will be chaired by Elizabeth Warburton and feature Property Elevator Angels John Howard, Ranjan Bhattacharya, Helen Chorley, Paul Mahoney and Nicholas Wallwork. They will consider pitches from aspiring property entrepreneurs from 1.30pm to 2.45pm. Go to landlordinvestmentshow.co.uk for information on reserving free tickets or exhibiting at the show

Scan this code for more on the National Landlord Investment Show

Live exhibitions held by the National Landlord Investment Show to date – this July will be the 74th

Broadcaster Andrew Neil is set to return to the National Landlord Investment Show to chair the morning panel debate at Old Billingsgate in the City

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Property

show ready for the

Visitors to a previous show at Old Billingsgate

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Bedrooms in a house arranged over four floors within walking distance of Canary Wharf

this house in Limehouse offers modern living over four floors beside open, green parkland Ropemakers Fields, Narrow Street E14 Guide: £1.6million - freehold An artist’s impression of the proposed tower, taken from documents filed as part of the planning application

how Harbour Exchange is aiming to grow by Jon Massey

Scan this code for more information about the planning application for Harbour Exchange Square

An artist’s impression of how public space at One East Point may look

featured property

arbour Exchange owner GAW Capital Partners has applied for planning permission to demolish buildings on part of the office development and replace them with a 52-storey residential tower. Following a £28.5million refinancing deal in 2020 the private equity company – which also owns the Lloyd’s Building and 123-151 Buckingham Palace Road – intends to transform 4 and 5 Harbour Exchange Square into One East Point, a 457-home mixed use scheme. Submitted last month, the application says the proposed structure will create a new podium level to accommodate flexible retail, community, creative and amenity uses. There are also plans for landscaped public space. Designed by Make Architects, the plans include details of apartments ranging in size from one to four bedrooms with properties featuring winter gardens. The smallest one-bed is planned at 455sq ft. One Point East comes in at one storey shorter than The Madison Amory Tower, located nearby on Marsh Wall.

This four-bedroom terraced house in Limehouse is arranged over four floors and has been extensively refurbished in recent years. Entry is via the ground floor, which also accommodates the fourth bedroom, a guest WC and access to a large double garage that could also be used for storage space or as an office. Stairs lead up to a first floor reception room that opens onto a south-facing balcony as well as a large kitchen with a breakfast dining area. The principal bedroom – complete with en suite bathroom – and another bedroom are found on the second floor, as well as a separate shower room. The top floor houses the final bedroom, another bathroom and access onto a roof terrace with views towards the Canary Wharf skyline. The property is located next to Ropemakers Field Park, from which the road gets its name – a green space with a bandstand and two tennis courts created on unused land above the Limehouse Link Tunnel by the Docklands Development Corporation The house is within walking distance of Canary Wharf, for connections to the rest of London via the Elizabeth Line, the Jubilee line and DLR, and is also close to Westferry DLR for journeys to the City and Tower Hill. In addition to the amenities in these two areas – which include multiple bars, restaurants and an indoor climbing wall close to the station, Ropemakers Fields is just across the road from The Grapes pub, featured in the writings of Dickens and now co-owned by actor Sir Ian McKellen who lives next door to it. Go to hamptons.co.uk Scan this code to find out more about the property in Ropemakers Fields or to book a viewing with estate agency Hamptons

contact Hamptons on 020 3930 4069 or email canarywharf@hamptons.co.uk for more about this property or similar homes on the agency’s books

The property has been extensively refurbished in recent years

The view from the house’s fourth floor roof terrace

Wharf Life Jun 8-22, 2022 wharf-life.com

Property

Crossrail is running and it’s time to discover the best places to live along the line in east and south-east London

Long in the making, the capital’s newest railway is already making its presence felt in the property market as Londoners discover the benefits of taking the Elizabeth Line Turn over to discover eight locations to live along its Abbey Wood branch, all of which are set for growth and regeneration in the years to come Pages 21-44

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74 t h L I V E S H OW

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Pain Free Property Journey... Chaired by veteran Broadcaster & Journalist Andrew Neil and featuring a quorum of industry experts, our morning panel debate looks at how to streamline and simplify the dayto-day running of your property portfolio. Join us for 4 panel sessions, 50+ professional speakers and 100+ exhibitors from all areas of the landlord and property investment sector.

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Call Felicity J Lord Canary Wharf on 020 7987 6776 or visit fjlord.co.uk/flink to learn more.

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Properties throughout Docklands, South and East London 4"-&4 t -&55*/(4 t 1301&35: ."/"(&.&/5

Advertise on this page Call 020 7293 2247 Email wharfads@trinitymirror.com

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be part of the Canary Wharf conversation To advertise here call 07944 000 144 or email jess.maddison@wharf-life.com

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SEACON TOWER, E14 £1,800 PCM - FURNISHED

BOYD BUILDING, E16 £1,700 PCM - FURNISHED

A smart one bedroom apartment on the seventh floor with direct river views. The property benefits from a semi open-plan living area, a balcony and a modern kitchen and bathroom. EPC: B

This well presented two bedroom top floor apartment is situated in the popular Royal Albert Wharf development over looking Gallions Point Marina. Includes a private balcony. EPC: B

020 4502 7189 canarywharf@hamptons.co.uk

ABILITY PLACE, E14 £2,491 PCM - FURNISHED

ATLANTIC APARTMENTS, E16 £1,250 PCM - PART FURNISHED / FURNISHED

A superb 8th floor two bedroom apartment in the iconic Ability Place development. Amenities include underground parking, a 24hr concierge, gym, and a training pool. EPC: C

This well presented studio apartment in Royal Victoria Dock is situated on the fourth floor and features and open-plan living area and a fully integrated kitchen and bathroom. EPC: C

020 4502 7189 canarywharf@hamptons.co.uk

HAMPTONS.CO.UK

Wharf Life Jun 8-22, 2022 wharf-life.com

POINTERS CLOSE, E14 £950,000 - LEASEHOLD

MAUD STREET, E16 £365,000 - LEASEHOLD

DA GAMA PLACE, E14 £950,000 - FREEHOLD

A large, family-sized home with four double bedrooms and a lovely open plan kitchen and living rooms area opening out to an easy to maintain child friendly private garden. EPC: C

This immaculate 53sq m, one bedroom apartment boasts far-reaching views from all principal rooms. This high floor, chainfree property comes with a large private balcony and modern bright finish. EPC: B

If you are looking for that ‘Forever Family Home’ then look no further, this extended three double bedroom freehold house on the Isle Of Dogs has plenty of space to grow into. EPC: C

020 3930 4069 canarywharf@hamptons.co.uk

RINGWOOD GARDENS, E14 £310,000 - LEASEHOLD

GALAXY BUILDING, E14 £369,995 - LEASEHOLD

MORRIS ROAD, E14 £525,000 - LEASEHOLD

This bright, predominantly south-facing apartment is positioned on the top floor of this well located dockside private building just a short walk from Mudchute DLR. Comes with off-street parking. EPC: D

Offering a generous amount of versatile living space, this large, south-facing one bedroom apartment also comes with a large private balcony, residents gym and a 24hr concierge. EPC: C

Measuring in excess of 800sq ft this ubercool warehouse style apartment retains many traditional features. The stylish two bedroom apartment also comes with parking. EPC: D

020 3930 4069 canarywharf@hamptons.co.uk

HAMPTONS.CO.UK

Wharf Life Jun 8-22, 2022 wharf-life.com

Canary Wharf

PROPERTY MARKET NEWS www.docklandspropertyblog.com

June 2022

Docklands Rental Homes Nightmare • Docklands needs 314 additional private rented properties per year to keep up with current and future demand from Docklands tenants. • Yet over the last 5 years, Docklands has lost 854 private rented homes.

Hello

I started my property career working for an independent estate agent in the Wapping area. Since 1994 I have been based in and around East London. I started my own company in 1995 and it has grown from humble beginnings to become a well respected sales, lettings and property management agency operating in the Docklands and East London areas. Then in 2007, I opened my first branch in the Medway area. I am proud that we now have three branches in Kent. My operation is set to expand in 2020 and beyond. I am a long term member of both the NAEA and ARLA and a former Regional Representative for the latter. As the owner of a growing residential and commercial property portfolio, I understand well the trials and tribulations that property owners go through. I have well over 20 years experience of regenerative Dock’s areas and specialise in new development reporting. I am happy to advise you on all aspects of property. So, if you are looking at your first buy-to-let (even if it is with another agency), or have trouble with a tenant, feel free to contact me. I offer honest and impartial advice.

Spencer Fortag

• What are the 5 reasons the supply of private rental properties in Docklands are falling? What does this mean for tenants and landlords in Docklands? There has been a rise in demand for rental properties and an 8.9% fall in the number of Docklands private rented properties, which has caused Docklands rents to rise by 11.9% in the last year, a new all-time high. The National Residential Landlords Association asked the respected economics think tank, Capital Economics, to carry out research on the UK rental market. It found that if the current trends in the property market in terms of growth of the population, Brits living longer, the lack of new homes building and the reduction in social housing (aka council housing) then demand for homes in the private rented sector needs to increase by 227,000 homes per year. So, based on those numbers, Docklands needs to have an additional 314 private rented properties per year. The problem is the number of private rented properties in Docklands has reduced from 15,998 in 2017 to 15,144 in 2021, a net loss of 854.

So, why has supply of private rented homes in Docklands reduced? 1. Section 24 Income Tax Section 24 was introduced in 2017 to level the playing field on the taxation of property between homeowners and landlords. Section 24 stops landlords from offsetting their buy-to-let mortgage costs against the profits from their rental property. Interestingly, no other kind of UK business is affected by the

Congratulations to Her Majesty The Queen on her Platinum Jubilee

Section 24 taxation. In other words, whatever other form of business you might be in, be it butcher, baker or candlestick maker, every other business can offset their finance costs against their profits, except buy-to-let. The issue caused by Section 24 Tax is that some landlords ended up paying more income tax than they really made in profit after paying their buy-to-let mortgages. Meaning on the back of rising Docklands house prices in the last five years, some Docklands landlords have sold their buy-to-let investments. 2. 3% More Stamp Duty for Landlords When someone buys a property, they normally must pay a tax to the Government for the privilege. This tax is called Stamp Duty. Yet landlords must pay an additional 3% stamp duty supplement on top of that when they purchase a Docklands buy-to-let property. Evidence suggests some Docklands landlords have decided to hold off or scale back buying additional buy-to-let properties for their portfolio because of the thousands of extra pounds that landlords have to pay to buy the rental property. 3. Holiday and AirBnb Lets Some Docklands landlords are converting their long-term rental properties into short-term furnished holiday and AirBnB properties. Whilst the hassle, stress and service levels are much higher, these types of properties do tend to make more money and aren’t as heavily taxed as normal lets. When properties convert to short-term lets, it removes another Docklands property out of the general supply chain of long-term rental properties. 4. Greater Legislation for Rental Properties With more than 150 pieces of legalisation, and new laws being added each year, the burden on landlords is huge. On the horizon is the Renters Reform Bill which will remove the no fault evictions. Continued on page 2

Wharf Life Jun 8-22, 2022 wharf-life.com

Continued from page 1 Also, all rental properties with an Energy Performance Certificate (EPC) rating of below a ‘C’ will have to be improved (i.e. money spent on them) by the landlord. This could be more than £10,000 per property. Hence, why some Docklands landlords have been selling their rental properties with low EPC ratings in the last 18 months. 5. Accidental Landlords Selling Up There are some Docklands landlords who are classed as ‘Accidental Landlords’. In 2008/9, with a slowing property market and house price values dropping in the order of 16% to 19%, (depending on the type of property) some Docklands homeowners decided to let their home out as opposed to selling it at a loss. Yet, with the price booms of the last 18 months, many decided to cash in on the higher property prices and sell – again taking another private rental property out of the system.

So, why is demand of private rented homes in Docklands increasing, even though more people own their home in Docklands than 5 years ago? Even with better provision of affordable social housing and higher rates of owner occupation in Docklands (rising from 23.86% of homes in Docklands being owner occupied in 2017 to 24.73% in 2021), demand for private rental property continues to outstrip supply.

rising yields (because of the increase in rents) together with the nervousness of the Bank of England to increase interest rates too much because of the issues in Eastern Europe, this could be the start of a second renaissance in the Docklands buy-to-let market. If you have concerns about the issues in legislation and taxation, then the advantage of employing a letting agent, with the choice of property, what you pay for it and how it’s managed, will go a long way to mitigate them. If you are considering getting into the Docklands buy-to-let market for the first time or expanding your property portfolio (whether you are a client of mine or not) please do not hesitate to give me a call and we can discuss these matters further. These are just my opinions - what are yours? One place for more information is my Docklands Property Market blog. If you are a landlord or thinking of becoming one for the first time, and you want to read more articles like this about the Docklands property market together with regular postings on what I consider the best buy to let deals in the Docklands area, then it is well worth reading. You can also email via spencer@ lmlondon.com If you are in the area feel free to pop into the office which is based at Landmark Estates, 264 Westferry Road, London, E14 3AG

There are many reasons behind this including … 1. People are living longer, meaning not so many properties are coming back into the mix to be recycled for the younger generation. 2. Net migration to the UK has continued at just over a quarter of a million people a year since 2017, meaning we need an additional 115,000 households to house them alone. 3. For the last two years, one in six of the owners of properties that have been sold have moved in to rented accommodation instead of buying on because of the lack of properties to buy.

So, what is the outcome of the imbalance between supply and demand on Docklands rental properties? Quite simply – Docklands rents have rocketed. They are 11.9% higher today than the spring of 2020. The severe shortage of housing in the private rented sector is pushing up rents in Docklands as demand continues to grow. Many Docklands people are finding it hard work to find appropriate accommodation at a reasonable rent, and with mounting numbers of tenants predicted to continue, this situation will only get worse unless more houses are built. My heart goes out to those Docklands tenants struggling with the cost-of-living crisis only to then be hit by higher rents. Yet, these higher rents are now enticing new landlords back into the Docklands buy-to-let market because of the higher returns. With higher inflation, property investment has been seen in the past a safe harbour to invest one’s money in. With the bonus of

Docklands Property Market to Crash in 2022? • According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. • In this article, I share the 3 fundamental economic reasons why things are different to the last property market crash. • The insider’s way to find out if there will be a property crash. • ...and 4 reasons why buy-to-let landlords are coming back into the Docklands rental market to protect their wealth and hedge against inflation. With inflation and the cost-of-living crisis, some say this could cause property values to drop, by between 10% and 20% in the next 12 to 18 months. There can be no doubt that the current Docklands property market is very interesting.

SCAN ME AND READ THIS FULL ARTICLE AT... www.docklandspropertyblog.com

Would you like to know how much your property is worth without having to speak to a pesky estate agent? We are offering a FREE and INSTANT online valuation service. Simply visit: Https://valuation.lmlondon.com enter your address and hey presto, a current rental and sales valuation.

Spencer Fortag Sales Director

T: 020 7515 0800

www.lmlondon.com www.facebook.com/LandmarkEstates/ www.twitter.com/Landmark_E14 www.linkedin.com/in/dockside-property-services-88b45339/

For your free Docklands property reports visit: www.docklandspropertyblog.com

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