News

New homes for techies as Google moves to King’s Cross

Google’s move to a million-square-foot bespoke office complex at King’s Cross Central will be the biggest UK property deal of the 21st century so far — and will cement London’s position as the technology capital of Europe.

As London emerges from the banking crisis, it is re-inventing itself. New digital hubs are rejuvenating neighbourhoods where old trades and technologies have perished. This is bringing a fresh vibe to the streets, together with designer homes for techies who want to live close to their workplace.

The cluster of tech companies around Old Street’s so-called Silicon Roundabout — a breeding ground for ideas and product development — has helped transform Shoreditch into a top residential address. Royal Docks and the Olympic Park are becoming centres for green technology, while Covent Garden, formerly crammed with advertising agencies, now has more space occupied by “TMT” (technology, media and telecoms) companies than anywhere else in London — 2.2 million sq ft, up 30 per cent since 2009.

Canal Reach

Townhouses and apartments are being built at Canal Reach

The cluster effect

Google will relocate to King’s Cross from offices in Victoria and Holborn in 2016. The site will be the internet giant’s European headquarters and is the company’s first design-and-build project anywhere in the world.

“The view of life in California [where Google was born] — on sustainability, recycling and so on — is very different,” according to David Partridge, chief executive of Argent, the building’s developer. “It has involved a lot of transatlantic discussion and a merging of knowledge and understanding. This will be a truly 21st-century workplace.”

Google expects a technology cluster to evolve in the surrounding area as a result of its move. “It’s the key ingredient for King’s Cross and will help anchor more tech companies in London,” says Edward Lister, deputy London mayor for policy and planning.

One communication highway opening up is the Regent’s Canal, which links King’s Cross, Shoreditch and Paddington. Run-down sections of waterfront continue to be brought back to life, with developers finding space for homes, loft offices and eateries, often small-business and live-work enclaves, as at Kingsland Basin and City Road Basin.

Transformation of 67 acres of blighted railway land at King’s Cross has proved a regeneration masterclass. It is an entirely new district in the making, with 20 new streets and “boulevards”, public squares, restored heritage buildings, modern offices and retail space, plus 1,900 new homes, 40 per cent of which are “affordable”, available through One Housing Group.

As many as 30,000 people will eventually work at King’s Cross Central, and 6,000 will live there. Google’s presence will complement the new campus for Central St Martins College of Art and Design, a splendid Victorian granary, or “warehouse of ideas” for 5,000 students and staff.

King’s Cross Central’s 2,000 homes are spread across 13 residential buildings, with about 40 per cent of the apartments designated “affordable”, a mix of rented and shared ownership. Argent is developing the site alone, rather than parcelling up land and selling off plots to housebuilders, meaning there is a coherent plan, with all the public-realm infrastructure in place before construction commences. The aim is to deliver high-quality architecture on a big site with a relatively low number of homes.

ArtHouse

ArtHouse will have 114 flats and a terracotta steel façade

Creating living space

ArtHouse is the first scheme of private homes — 114 flats in a building with a façade of terracotta tiles, polished stainless steel and sliding louvre screens. On the market now are penthouses, priced from £1.55 million. Completion is in autumn 2013.

Launching next is Canal Reach — townhouses and apartments in a block crowned with a sky garden. Coming later are eagerly awaited apartments built within the iconic Victorian gasholder frames. These listed cast-iron structures have been dismantled and put in safe storage pending the start of construction.

A former engineering yard next to King’s Cross station has become Regent Quarter, a smart community of homes, design studios and small business premises in cobbled courtyards, while at Battlebridge Basin, canalside warehouses have been turned into trendy lofts and workspaces for creatives. Here, too, is King’s Place, a new 430-seat concert venue with art galleries and waterside restaurants.

Boost to business

Development ripples are spreading out towards Barnsbury, Angel and Bloomsbury. Google will retain its Innovation Hub in east London. The government-backed East London Tech City is a media and technology hub that spreads from Shoreditch to Stratford. Modelled on Silicon Valley in the United States, it has more than 3,000 tech firms, including Cisco, Facebook, Intel, Vodafone and Amazon, and employs 50,000 people in the digital economy. Imperial College and UCL are among the academic partners, with Barclays providing specialist banking finance to start-ups and entrepreneurs.

Kingsland Basin

The view across Kingsland Basin from Canal Wharf, with the historic former stables in the background

City Road, which runs from Silicon Roundabout to Angel, has become a development corridor. Behind the busy thoroughfare a nine-acre canal basin is being opened up and turned into a mixed-use estate of homes, businesses, recreational outlets and boat club.

Developer Mount Anvil and housing association Affinity Sutton are offering 307 new homes, 69 for shared ownership, at The Lexicon — three canalside buildings, including a 36-storey tower. Adjacent to Silicon Roundabout is 27-storey Eagle House, another Mount Anvil scheme, with 276 flats.

Kingsland Basin, just north of the Shoreditch heartland, is being turned into a new waterside community with 207 new homes. The £65 million project includes the restoration of two listed stable buildings (once providing horse-drawn carriages for hire — the origins of “Hackney carriages”), which are being turned into studios and workshops for tech start-ups and small businesses. The canal bank is being opened up for recreational use, with eco-zones on the edges of the basin planted with native species to attract birds and other wildlife.

Hertford Wharf is one of three new apartment blocks, a modern architectural take on traditional wharves and warehouses, where homes have been released for sale. Prices from £385,000.

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Homebuyers seeking value push up asking prices in Merton, Hackney and Croydon

Merton, Hackney and Croydon were the surprise beneficiaries this month as property buyers sniffed around for bargains in London’s less prestigious boroughs and pushed up asking prices, website Rightmove said today.

The trio were among the five top-performing areas, along with Hammersmith & Fulham and Islington, as sellers jacked up the price of homes coming on to the market. Sellers in Merton demanded £477,462 on average – a 4.4% rise on January asking prices and more than double the 1.7% rise seen in Kensington & Chelsea, where average asking prices hit almost £2.2 million.

Rightmove director and housing market analyst Miles Shipside said: “With sellers having a real upper hand in pricing power in the higher-priced and most sought-after locations, some buyer demand will ebb away from the most fashionable hotspots and flow into other boroughs. Buyers in the capital have a great track record of looking elsewhere to seek out new areas offering greater value and potential.”

Average London asking prices hit a record £486,890 in February, up 1.2% on January and 8.4% ahead of the same time last year, as an easier lending climate helps unlock the housing market but sellers benefit from scarce supply.

But growth in average asking prices is cooling, up just 0.7% on three months ago. Shipside adds: “It remains to be seen whether sellers can achieve their record new price aspirations, which will require buyers to find the extra money and justify to themselves the higher prices being asked.”

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House asking prices at highest level since 2008

The housing market has made a “sprightly” start to 2013, with asking prices reaching their highest levels for February since 2008, a property search website said today.

Prices jumped by 2.8% month-on-month to reach £235,741 on average, with big monthly leaps of around 5% recorded in the North West of England and Wales, Rightmove said.

Prices are 1.1% higher than a year ago and are just £2,115 shy of a February record set in 2008, showing the market is making a “slow but steady recovery,” the study said.

Rightmove also reported that it recorded its busiest ever month in January, in a further sign that activity in the market is gathering pace.

Miles Shipside, director of Rightmove, said: “There has been a sprightly start to 2013, and while market activity remains patchy across locations and property type, some agents are reporting their busiest new year since the onset of the credit crunch.”

There have been signs of the market picking up in recent months following the launch of Government schemes to kick-start mortgage lending and give people a leg up on to the property ladder.

The Council of Mortgage Lenders (CML) recently reported that lending to first-time buyers reached a five-year high in 2012.

However, Rightmove said it had found that seven out of 10 people who plan to sell in 2013 will be aged over 45, suggesting that older people are likely to be driving the market this year.

Half of those planning to buy a home in 2013 said they would be third-time buyers, and downsizing was the main reason for selling in the vast majority of regions.

The two most active age brackets were found to be 45 to 54-year-olds and 55 to 64-year-olds, the study found, suggesting that those who already have access to equity and finance will be the main “movers and shakers” in 2013.

All regions across England and Wales recorded month-on-month increases to asking prices.

Rightmove said that the large monthly price increases recorded in northern areas and Wales were effectively “rebounds” from large house price falls at a time when there were low numbers of properties on the market towards the end of last year.

The North West recorded the highest monthly increase at 5.2%, taking prices to £156,801. However, prices in the region are still 1.8% lower than a year ago.

Wales saw the second highest month-on-month increase at 5%, meaning that, at £161,365, prices are 0.9% higher than a year ago.

Asking prices in London are a hefty 8.4% higher than they were a year ago at £486,890, although the month-on-month change was much softer at 1.2%. The South East recorded the smallest monthly increase at 0.4%, taking average prices to £297,036.

Mr Shipside said: “Pages viewed on the Rightmove website hit a record high in January, up by over 20% year-on-year.

“While the journey between expressing interest and closing the deal has many more twists and turns than before the credit crunch, it is a sign of increased confidence and helps build a momentum that has been sadly lacking in many local markets over the last five years.”

Source: Evening Standard

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Canary Wharf is set to double in size and become family friendly

This Docklands quarter took a dip but the bounce-back has begun. Its size and population will double in a decade, reports David Spittles

Canary Wharf

Twenty-acre Wood Wharf will be built over 10 years and will have parks, a school and 2,000 new homes in four new waterside neighbourhoods

Canary Wharf, the heart of London’s Docklands, is making a healthy return to the market with a dozen major schemes planned to its northern and eastern reaches. The expansion will create a new skyline of even towers and will double Canary Wharf’s working population by 2025.

On the back of the Crossrail link coming on line in 2017/18, which will join Canary Wharf to the west of London, and to Heathrow, forecasters say the area is set to mature into a major new residential location.
Home buyers might be playing a waiting game after the financial crisis caused up to 30 per cent to be wiped off the value of some developments bought off-plan, but analysts say square-foot values in Canary Wharf could rise by a third to about £800 or even £1,000 — which would still be good value compared with central London.

Dollar Bay

Dollar Bay will offer 121 waterside flats and glazed winter gardens in a 31-storey tower

Canary Wharf’s housing market has been quietly readjusting since the dark days following the collapse of Lehman Brothers. With the arrival of JP Morgan and Shell the local working population passed 100,000 for the first time last year, with the area now accommodating more bankers than the City of London.

And whereas the original Canary Wharf estate was geared towards giant office buildings for banks and financial services companies, the future development pipeline — more than nine million sq ft of space, the largest construction programme in London — has a far larger residential element.

Families have largely avoided the area due to a lack of good-size houses with gardens, while others think so much new build can be soulless. But the next generation of development will be much more mixed.

Twenty-acre Wood Wharf is the most notable of these big new projects. To be built over 10 years, it will have 2,000 homes in four new waterfront neighbourhoods, two parks, the area’s first school and a new high street linking Canary Wharf to Isle of Dogs.

“Canary Wharf is more than a global financial centre, it is an exciting cultural and lifestyle district which is helping shift the capital’s centre of gravity eastwards,” says architect Terry Farrell, Wood Wharf masterplanner.

Crossharbour Tower

From 300,000: 46-storey Crossharbour Tower, specialising in slick scyscrapers, will offer 330 flats.

Two decades after arriving on the map as a business district, the area is finally maturing into an attractive residential address, with good local amenities and transport.

The Jubilee line provides quick connections to the West End and South Bank. And although Crossrail will give quick access to Heathrow, bankers and lawyers can now fly direct to New York on British Airways business-class flights from London City Airport, just around the river bend from Canary Wharf.

Despite shrinking bonuses, this pocket of E14 is London’s highest- paying postcode, with an average male salary in excess of £100,000, giving developers the confidence to build designer apartments and crashpads.

As elsewhere in London, Isle of Dogs has a number of micro markets, of which Canary Wharf is one. The latter is a 97-acre enclave, with its own “ring of steel” (private security cordon) enclosing office and retail space, including four shopping malls and numerous bars and restaurants.

There are relatively few homes within this distinct commercial quarter but hundreds within the “halo” — a 10-minute walk of the dealing rooms. This extended zone is the most sought-after, boasting walk-to-work convenience and the best of the older and new apartment schemes.

Coming soon is Dollar Bay, a 31-storey residential tower at West India Dock. This will have 121 waterside apartments with glazed winter gardens for year-round use and unrestricted views west and east. At the top of the building is a 6,000 sq ft triplex penthouse with sky garden.

Lincoln Plaza

From £300,000: Lincoln Plaza is one of the new towers rising at Millharbour. It will have 300 apartments

Storeys with a twist

Plans have been submitted for the UK’s second tallest tower on the site of the City Pride pub at Westferry Circus. Chalegrove Properties wants to build a 75-storey block with 864 flats, while developer Galliard has snapped up Baltimore Wharf, on a prime plot where the doomed London Arena once stood. Next to Crossharbour DLR station, it is another architectural treat for Docklands, a design by Skidmore Owens Merrill, a Chicago-based firm whose speciality is slick skyscrapers.

The first phase of 473 apartments is complete. The next is 46-storey Crossharbour Tower, a “twisting” structure with 330 flats and spectacular penthouses. Prices from £300,000. Call 020 7620 1500. Much is being made of the scheme’s “lifestyle” credentials — waterfront restaurants and bars, a creche, convenience stores, 24-hour concierge, private security and valet parking. And instead of a mere gym and spa, there is an “urban country club” — The Baltimore Club — offering virtual-reality golf and clay pigeon shooting.

Millharbour, across the dock, used to be occupied by low-rise business estates built in the early Eighties, another example of how the development scene has changed. Lincoln Plaza, one of the new residential towers soon to rise on this land, has 380 flats available now off-plan. Prices from £300,000.

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7 Ways To Improve Your Home’s Sell-ability

In this economy, houses aren’t selling like they used to. However, there are some ways to improve the chances of selling your house. If you have a house on the market, or are considering it, read on for seven tips that will make it easier to sell your house and make a smooth transition from one owner to the next.

  1. Maintain Neutrality
    This policy has worked for Switzerland, and it can also work in real estate. Customizing your home is great if you plan to stay there, but extreme colors and themed rooms can scare off potential homebuyers. If you have customized every room with extremely bright or dark colored paint, wallpaper or wall fixtures, you may want to consider toning it down a bit. Using neutral colors on the walls can help prospective buyers create their own vision for the house, and will also leave them with less work to undo if they buy the house.
  2. Less Is More
    Even though you have not moved out yet, removing some of your furniture can help the house move off the market. If you take pictures for your listing, having less furniture can help the home appear more spacious. When potential homebuyers arrive, having less furniture can also provide clear walkways.
  3. That New House Smell
    Honestly, the new house smell isn’t always the most pleasant, but at least it is new. In preparing to show your home, you should avoid strong smells. To avoid odors, make sure to take out the trash and clean the refrigerator regularly. It is also good to be mindful of what you cook in the days leading up to a showing since certain foods have strong scents. If you have pets, keep an eye on the litter box. Any smell that is too strong could send potential homebuyers running out the door.
  4. Pay Attention to the Details
    It is not a good idea to make major renovations when you are ready to sell your home because you may not recoup your investment. If you never got around to starting or completing that total kitchen or bathroom makeover, then you can make some small, inexpensive changes to spruce things up. Replacing the hardware on cabinets is a quick way to improve the appearance of older looking fixtures. Upgrading small items such as light switch and outlet covers can also add a nice touch.
  5. Maximize Your “Curb Appeal”
    The front of your home is the first thing prospective home-buyers will see, so keeping it presentable is a must. If there is a yard, keep the grass to a reasonable height and if there are trees, be sure to keep the branches under control. The path to your front door should be a clear and welcoming one, not an obstacle course!
  6. Don’t Get Too Personal
    Upon entering your house, everyone will know it is lived in, but they do not need to see all the evidence. Get rid of excess clutter such as newspapers, magazines, and mail. Be sure to put away your laundry and shoes. It may also be a good idea to put away some other personal belongings like pictures on the refrigerator or mantle. For you, the pictures may make a house a home or display your personal touch. For the new homeowner, it may appear too personal.
  7. Take Care of Repairs
    Waiting to make repairs until after you find a buyer can be tricky. Depending on the nature of the repairs, you may not be able to find a buyer. Depending on how fast the buyer wants to close on the house, you may not have enough time to make the repairs. Save yourself some time and potential trouble, by making repairs before you list your home. The repairs will have to be made anyway, so it is better to get them out of the way sooner rather than later.

First impressions can make the difference between a sale or no sale. Keeping things simple can give you a leg up on similar houses on the market.

Source: Investopedia
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Asking prices back on the up as 2013 rolls in

A BUOYANT London housing market led UK asking prices back into growth in January, data revealed this morning.

London’s homeowners added 3.6 per cent onto their asking prices during January, Rightmove said, capping off a healthy 9.6 per cent – or £16,492 – increase over the year.

Asking prices start the new year with growth

This robust activity in the capital drove the country as a whole back into positive movement – UK asking prices were up 0.2 per cent in January, Rightmove said, a stark turnaround from December’s 3.3 per cent crash.

The price increase came with a flood of new sellers, the data said. Some 22 per cent more people listed their home this January than did in the same month last year.

But average UK house prices will not reach their pre-recession peak until 2014, according to forecasts from the Centre for Economics and Business Research (CEBR), also put out this morning.

Weak growth will keep a rein on house prices during the coming year, the forecaster said, but a return to more solid expansion in 2014 “will be enough to push UK house prices over their pre-crisis peak,” achieved in 2007.

By 2018 a typical UK house will cost £261,000, on CEBR’s measure, up 19.1 per cent on the average 2013 valuation of £219,000.

Source: City AM

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Spotlight on Surrey Quays

Major regeneration is helping to put Surrey Quays back where it belongs – at the heart of London life, says Anthea Masey for the Evening Standard (July 2012)
Learn windsurfing or kayaking at the Greenland Dock

Boating party: learn windsurfing or kayaking at the Greenland Dock

The life of London’s old docklands is fast becoming a distant memory, so it is easy to forget that the area we now know as Surrey Quays in south-east London was once a network of working waterways, with docks and canals crowded with heavily laden ships from every corner of the globe.

Before the Surrey Docks closed in 1969, the peninsula that sits across the Thames from Wapping, Limehouse and Canary Wharf consisted of nine large docks, six timber “ponds” and a once-bustling canal. The names of these docks — Greenland, Finland, Russia, Canada — indicated the origin of cargos unloaded in them, from timber and hides to whale oil.

Today, only Greenland Dock and a small part of Canada Dock survive.

In the Seventies almost all the docks were filled in and for a decade until the Eighties the land lay largely derelict and unloved.

Today, Surrey Quays has the feel of an entirely new town, with more than 5,500 new homes built during the Eighties and Nineties when the population expanded from less than 6,000 to over 16,000. And now Surrey Quays is to get a second burst of building with regeneration around Canada Water.

Already there is a fine new library and public square overlooking Canada Water and designed by renowned architect Piers Gough of CZWG, while 2,700 new homes are planned, including Barratt’s Maple Quays development, now partly completed. And there will be more to come to replace the 14-acre Associated Newspapers printworks, where this paper was once printed.

The continuing Maple Quays development at Canada Water

New homes: the continuing Maple Quays development at Canada Water

What there is to buy in Surrey Quays

Surrey Quays is a good place to look for modern houses and flats. For period homes the St Mary’s, Rotherhithe conservation area is particularly sought after. Here there is a Dickensian maze of streets, an 18th-century church and a riverside pub, The Mayflower, near the spot where the Pilgrim Fathers set sail for America in 1620.

This is where large 19th-century warehouse conversions can be found. The most expensive home currently on sale is a three-bedroom riverside loft in Hays Court, Rotherhithe Street — being marketed for £1.6 million through
Cluttons (020 7407 3669).

Who moves here and who stays?

There is a strong local market, with many old docklands families remaining in the area. However, since the reopening of the East London line in 2010, it now has excellent connections with the City as well as Canary Wharf.

According to Carl Davenport at the Tower Bridge office of Chesterton Humberts, Surrey Quays is also popular with Hong Kong Chinese who bought new homes during the run-up to the handover of the territory to China. Flats are more highly valued, in price per square foot terms, than houses, so in Surrey Quays the move from a flat to a house is usually affordable.

What there is to rent in Surrey Quays

Surrey Quays is a hit with young professional sharers who can find a three-bedroom house for between £400 and £500 a week.

New homes along Albion Channel, Canada Water

Connected by the canal: new homes along Albion Channel, Canada Water

Postcode: Surrey Quays is in the Rotherhithe, SE16 postcode.

Best roads: Rotherhithe Village around St Mary’s Church is the most sought after, although according to Davenport the success of Maple Quays is driving prices higher close to Canada Water. Plover Way is a small stretch of water north of Greenland Dock where the houses appear to float; they currently sell for between £550,000 and £600,000.

What’s new: Maple Quays (020 7237 9311) is a Barratt Homes development of 900 flats, of which 234 are affordable. Flats in the fourth phase, Brampton House and Victoria House, are on sale off-plan for completion in June next year with prices starting at £299,000 for a one-bedroom flat.

Ontario Point, the landmark 24-storey tower, will be launched off-plan on July 26 with prices starting at £324,000 for a one-bedroom flat. There are two two-bedroom shared-ownership flats available through housing association Affinity Sutton (0300 100 0303) in Vancouver House and Ottawa House, with prices starting at £99,950 for a 25 per cent share in a flat with a market value of £398,000 and monthly outgoings around £1,300.

More change is afoot around Canada Water. Property company British Land has promised a £34 million investment and extension to the Surrey Quays shopping centre, and it recently announced that it has bought the Associated Newspapers printworks.

There are also plans to redevelop the Decathlon site overlooking Canada Water. The site was bought by Shard developer Sellar, and a planning application for a mixed-use scheme with 1,000 new homes is expected in the autumn.

A crane at Commercial Pier Wharf

Former glory: a crane at Commercial Pier Wharf is a reminder of the dock’s past

Getting an education

Surrey Quays and Rotherhithe has three primary schools judged outstanding by education watchdog Ofsted: Redriff in Salter Road, which was recently converted to an academy, Albion in Albion Street and St Joseph’s RC in Gomm Road. The following are judged good: St John’s RC in St Elmo’s Road and Alfred Salter in Quebec Way.

The local comprehensive, Bacon’s College (co-ed, ages 11 to 18) now an academy sponsored by Lord Harris in Timber Pond Road gets above-average results at GCSE but is only judged satisfactory by Ofsted. St Michael’s Catholic College (co-ed ages 11 to 18) in Llewellyn Road is judged outstanding, while City of London Academy (co-ed ages 11 to 18) sponsored by the City of London in Lynton Road is judged good.

There are two top-performing private schools in the City: City of London School (boys ages 10 to 18) in Queen Victoria Street and City of London Girls (ages seven to 18) in the Barbican.

Shops and restaurants

The Surrey Quays shopping centre has a 24-hour Tesco and a branch of Bhs along with other high street names. The centre is now looking tired — although it is kept spotlessly clean — and a revamp is planned. Surrey Quays is a culinary desert, although people travel from afar to sample the Vietnamese food at Café East in the Surrey Quays Leisure Centre. There is, though, a big concentration of restaurants, including Le Pont de la Tour and the Blueprint Café, in nearby Shad Thames.

The new café and library overlooking Canada Water

Cool places to hang out: the new library and café overlooking Canada Water

Open spaces

The route of the riverside Thames Path is obstructed in places around Rotherhithe by buildings. The Stave Hill Ecology Park and adjoining Russia Dock Woodland are managed for wildlife and enjoyed by residents. Sheep, goats, cows, ducks, geese and turkeys can be found at the Surrey Docks City Farm on the eastern side of the Rotherhithe Peninsula.

Leisure and the arts

The Surrey Docks Watersports Centre offers sailing, windsurfing, kayaking and raft building in Greenland Dock.

The nearest council-owned swimming pool is at the Seven Islands Leisure Centre in Lower Road and there is a Odeon cinema complex and tenpin bowling at the Surrey Quays Leisure Centre in Redriff Road.

The Brunel Museum in Railway Avenue tells the story of Marc and Isambard Brunel’s Thames Tunnel, while in Lavender Road, the Pumphouse Museum houses the Rotherhithe Heritage Museum.

Travel: Surrey Quays, Canada Water and Rotherhithe are all on the newly extended East London line with trains to the City at Whitechapel and Shoreditch High Street.

Canada Water is on the Jubilee line, which is one stop away from Canary Wharf and six stops from Green Park. All stations are in Zone 2 and an annual travelcard to Zone 1 costs £1,168.

Council: Southwark (Labour-controlled). Band D council tax for the 2012/2013 year is £ 1,218.86

Sculpture visible from Canada Water Library, depicting Docklands’ shipping centre days

Tradition: sculpture visible from Canada Water Library, depicting Docklands’ shipping centre days

Average prices

Buying in Surrey Quays
One-bedroom flat £240,000
Two-bedroom flat £346,000
Two-bedroom house £400,000
Three-bedroom house £521,000
Four-bedroom house £530,000
Source: Zoopla

Renting in Surrey Quays
One-bedroom flat £260 to £1,130 a week
Two-bedroom flat £360 to £1,560 a week
Two-bedroom house £300 to £1,300 a week
Three-bedroom house £450 to £1,950 a week
Four-bedroom house £500 to £2,170 a week
Source: Chesterton Humberts

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Spotlight on Primrose Hill

The bohemian Primrose Hill set have never deserted their piece of ‘country’ on central London’s doorstep, says Anthea Masey for the Evening Standard (April 2012).
Primrose Hill

© Alamy
Primrose Hill offers views across the city to rival anywhere in the capital

Primrose Hill’s claim to countryside – a medieval forest before it became meadowland covered with primroses – is no great hike. At only 63 metres above sea level, it would be towered over by St Paul’s Cathedral, but it has views to rival anywhere in the capital.

Those views are now strictly protected and have helped the north London locality become a magnet for celebrity homebuyers. But the hill might have faced a very different fate, had Eton College, which once owned it, had its way.

In the 1830s Eton planned to turn the hilltop into a grand cemetery with classical buildings and a botanical garden, but permission was refused. Instead, in 1842 the hill became a public park from which could be enjoyed a vista south over Regent’s Park and central London.

In the Nineties “The Primrose Hill set” was the name given to the group of emerging British actors and musicians who chose to live there, with the antics of modern-day stars such as Jude Law, his then wife Sadie Frost, and his subsequent girlfriend Sienna Miller, helping to raise the area’s profile in countless tabloid pages.

But Primrose Hill has been an arty enclave for generations. Victorian illustrator Arthur Rackham, painter — and friend of Virginia Woolf — Duncan Grant, and musician Henry Wood were all residents.

Primrose Hill shops

Primrose Hill’s cafés soon fill up in the sunshine

The heart of Primrose Hill lies along Regent’s Park Road, a highway humming with cafés, restaurants and independent shops, where on the first sign of sun, tables spill out on to the pavements and no one seems in any hurry to get back to work.

But this privileged enclave does have its serious side. The Primrose Hill Community Association recently rode to the rescue of the local library which Camden council was threatening with closure. In a campaign supported by playwright Alan Bennett, a local resident, the association raised almost £600,000 and signed up 180 volunteers to run the facility.

A house, or even a flat, in Primrose Hill is such a desirable commodity that prices are now well above the past peak. According to estate agent Matt Poore of the Camden branch of Chesterton Humberts, the price per square foot in Primrose Hill now averages £1,000, with good houses reaching £1,500. “There has been a flight to quality. In the boom times people would buy anything. Now they are happy to wait for the right property.”

Properties: Primrose Hill was developed from the Forties onwards. There are large detached homes, semi-detached villas and terraces of stucco houses on Prince Albert Road, Regent’s Park Road, Albert Terrace and St Mark’s Square, which is strangely not a square. A house in this southern section of Primrose Hill, where the architecture is inspired by the Regency architecture of Regent’s Park, starts at around £3 million, with larger detached houses selling for over £5 million.

The area attracts: actors, musicians and those working in the media.

Regent's Park Road

Larger houses along Regent’s Park Road, which feature Regency architecture, can sell for up to £5million

Elsewhere, there are slightly later Victorian, mainly terrace houses with stucco on the lower floors and brickwork above. The notable exception is Chalcot Square, where the houses have large first-floor living room windows and a tradition of being painted in different pastel shades. There is different feel in the pocket north-west of Primrose Hill.

The Chalcots Park Estate off King Henry’s Road is a Seventies development of modern houses and flats. These are not to everyone’s taste, but inside many have been given very stylish, modern makeovers. Houses here start at around £1.2 million.

In Elsworthy Road and Wadham Gardens there are detached Twenties Queen Anne-style houses selling for between £5.6 million and £16 million.

Best roads: Prince Albert Road, Regent’s Park Road, especially the houses overlooking Primrose Hill itself, Chalcot Square, Chalcot Crescent, St George’s Terrace, Elsworthy Road and Wadham Gardens.

Chalcot Square

The handsome homes on Chalcot Square are a short walk from Primrose Hill

Up and coming: The Chalcots Park Estate off King Henry’s Road is cheaper because the Seventies houses are not as desirable as the nearby period homes, but they offer the chance to create strikingly modern interiors.

Schools: Primrose Hill has two state primary schools — Primrose Hill in Princess Road, which is judged “outstanding” by the Government’s education watchdog Ofsted, and St Paul’s CofE, which is judged “good”.

Haverstock, the local comprehensive school in Haverstock Hill, is where Ed and David Miliband were pupils. It occupies a striking new green and terracotta-faced building by architects Fielden Clegg Bradley and is judged “good” by Ofsted, although the GCSE results are below the national average.

North Bridge Prep school (girls aged seven to 11, boys aged seven to 13) in Avenue Road is popular, and there is a senior school (co-ed, aged 11 to 16) on the same site. St Christina’s in St Edmunds Terrace (boys aged three to seven, girls aged three to 11) is a private Catholic school.

Shops and restaurants: Regent’s Park Road is the main shopping street and it is dominated by independent shops, cafés and restaurants. Only furniture and interiors retailer Graham & Green, bathroom and kitchen shop CP Hart, small supermarket group Shepherd Foods, and fashion boutique Anna have branches elsewhere, although none could be described as high street chains.

Even the Save the Children charity shop has its own independent identity; it is called Mary’s Living and Giving. Women’s fashion boutique Press, run by the former creative director of Whistles, Melanie Press, in Erskine Road, stocks cult fashion brands and is a favourite of Jools Oliver and Meg Mathews.

Primrose Hill shops

Primrose Hill has a good selection of independent shops, cafés and restaurants

Richard Dare is a long-standing and much loved cookware shop for local foodies. Lemonia and Manna restaurants are two Primrose Hill institutions having been around for over 30 years. Lemonia is Greek, Manna is one of London’s top veggie restaurants.

Odette’s is also a classic favourite since 1978. This restaurant is now owned by top Welsh chef Bryn Williams. Marine Ices opposite Chalk Farm Tube station sells home-made Italian ice cream.

Open Space: Primrose Hill obviously, and it is possible to walk or cycle into the West End through Regent’s Park.

Leisure and the arts: The Roundhouse at Chalk Farm puts on everything from circus to music to poetry to Shakespeare.

Travel: Primrose Hill is served by two Tube stations, Chalk Farm and Camden Town. Both are in Zone 2 (annual travelcard to Zone 1 is £1,168) and both are on the Northern line.

Council: Camden (Labour controlled); Band D council tax for the 2012/2013 year is £1,328.25.

Average prices: buying houses and flats in Primrose Hill
One-bedroom flat: £319,000
Two-bedroom flat: £500,000
Two-bedroom house: £903,000
Three-bedroom house: £1 million
Four-bedroom house: £2.36 million
Source: Hometrack

Average prices: renting houses and flats in Primrose Hill
One-bedroom flat: £350 to £525 a week
Two-bedroom flat: £400 to £700 a week
Three-bedroom house: £1,500 to £2,000 a week
Four-bedroom house: £2,000 to £3,000 a week
Five bedroom-plus house: £2,500 to £10,000 a week
Source: Chesterton Humberts

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Spotlight on Holland Park

This desirable location marries artistic history with a modern sense of style and success. By Anthea Masey for the Evening Standard (Feb. 2012)
Shops and houses in the Clarendon Cross area of Holland Park

The Clarendon Cross area offers a village feel which may surprise newcomers

Sitting between Kensington, Notting Hill and Shepherd’s Bush in west London, Holland Park is home to some of Britain’s most successful entrepreneurs and music moguls, from Sir Richard Branson and Simon Cowell to Bryan Ferry and Brian May.

Large stucco mansions routinely sell for well above £15 million, and yet in the early 19th century Holland Park was far less desirable. Landowners and developers nearly went bankrupt trying to persuade people to live this far west of the centre of town and within close proximity to stinking potteries and brickworks.

Holland House, a grand Jacobean mansion, was the last of the large country houses that once dotted the area until late one night in June 1940 when it was destroyed by a Luftwaffe incendiary bomb.

In the late 18th and early 19th century the house belonged to the Fox family, which included the Whig politician Charles James Fox, who played host to writers and politicians such Wilberforce, Byron, Macaulay and Scott. Now its haunting ruins lie within 54 acres of parkland which is host to a hugely popular summer opera season.

Portland Road boasts an array of shops and restaurants

Portland Road boasts an array of shops and restaurants

After the estate’s destruction a remarkable artists’ colony grew up around Lord Leighton’s and Val Prinsep’s houses in Holland Park Road, with homes and studios built for artists such as George Frederick Watts, William Burgess and Sir Luke Fildes in Melbury Road. Rollo Miles of local estate agents John D Wood says the limited number of family houses has kept the Holland Park property market buoyant.

“There is a large variation in price per square foot though — between £1,500 and £3,000 for the very best houses. Buyers should scrutinise different streets and compare the square foot prices.”

Properties: when most people think of Holland Park they think of grand double-fronted stucco houses with ornamental glass-covered porches, but there is a surprisingly large range of homes — everything from Regency terraces in Addison Road, to the Gothic brick houses in St Ann’s Terrace, to converted flats in Royal Crescent, to red-brick Arts & Crafts homes in the Melbury Road area, to mansion flats, to Wates-built Sixties houses in Abbotsbury Road, to “right to buy” flats in former council blocks. Find property for sale in Holland Park

Holland Park is perfect for all the family to explore on Boris bikes

Holland Park is perfect for all the family to explore on Boris bikes

Who buys and who stays

High property prices mean that many buyers come with money made in the City; it is also popular with European buyers who like the community feel, and wealthy families who like the choice of private schools. Some buyers have second homes in the Cotswolds so appreciate being close to the M4 and M40.

Staying power: according to Rollo Miles, the high cost of stamp duty is an incentive to stay rather than move. “Houses tend to come on the market on average every 10 years. For flats, the time space is around five years.”

Best roads: south of Holland Park Avenue the best streets are Holland Park itself, Camden Hill Square, Addison Road, Holland Park Villas, Melbury Road and the Phillimore Estate roads off Kensington High Street. North of Holland Park Road, the most desirable roads are those which have access to communal gardens such as Norland Square and St James’s Gardens

Places to explore

After years of lying derelict, the Sixties Commonwealth Institute building in Kensington High Street with its swooping copper roof is to become the new home of the Design Museum. The £80 million scheme, due for completion in 2014, is to be designed by minimalist architect John Pawson, and includes two blocks of flats which will finance the development.

Flower-filled Holland Park

Flower-filled Holland Park is now hugely popular during the summer opera season

There is an enclave of cottages and terraces close to Latimer Road Tube station, around Sirdar Road and Treadgold Street, which is worth exploring.

Getting an education

Holland Park, Kensington and Notting Hill are awash with prep schools, including the very exclusive Wetherby School for boys in Pembridge Square where Princes William and Harry were pupils. However, there are a number of state primary and secondary schools which are judged “outstanding” by Ofsted. The outstanding primary schools are: Fox in Kensington Place and St Francis RC in Treadgold Street.

Both local comprehensives are outstanding: Cardinal Vaughan RC in Addison Road (boys, with girls in the sixth form), and Holland Park School (co-ed) in Airlie Gardens. Fee-paying St Paul’s Girls’ School, Godolfin & Latymer (girls), Latymer Prep (co-ed ages seven to 11) and Latymer Upper (co-ed ages 11 to 18) are in Hammersmith, and St Paul’s School (boys) is in Barnes.

Shops and restaurants: there are numerous cafés — Paul, Patisserie Valerie, Maison Blanc — along Holland Park Avenue where there is also Lidgate, one of London’ s best butchers, and a branch of Daunt Books. There is a village feel to the area known as Clarendon Cross where Julie’s wine bar is a local institution. There are also antique shops including Virginia Bates’s vintage boutique and French-style kitchenware shop Summerill and Bishop.

Koi carp in the pond at Holland Park

Koi carp in the pond at Holland Park

The Belvedere is a popular local restaurant in the beautiful remains of Holland House in the park, but surprisingly for such a well-heeled area, Holland Park does not have any top-notch fine dining restaurants.

Open Spaces, leisure and the arts

Holland Park itself is the area’s biggest attraction. Stretching to 54 acres, the park is one of London’s most diverse with a semi-wild area of woodland, a Japanese garden, a cricket pitch, tennis courts and a youth hostel. Avondale Park is north of Holland Park Avenue, and was created in 1892 from a former pig slurry pit known as the “ocean”.

Leisure and the arts: the Kensington Leisure Centre in Walmer Road is the nearest council-owned swimming pool. There are multiplex cinemas in Kensington High Street and the Westfield shopping centre. The summer highlight is the opera festival in Holland Park complete with Glyndebourne-style picnickers.

Transport: Holland Park is close to the A40 and the M4. There are two Tube stations: Holland Park on the Central line and Latimer Road on the Circle line and the Hammersmith and City line. All are in Zone 2 and an annual travel card to Zone 1 costs £1,168.

Council: the Royal Borough of Kensington and Chelsea (Conservative-controlled); Band D council tax for the 2011/2012 year is £1,079.12.

Sean Henry’s 1998 Walking Man figure in painted bronze and steel in Holland Park

Sean Henry’s 1998 Walking Man figure in painted bronze and steel in Holland Park

Buying in Holland Park

One-bedroom flat £510,000
Two-bedroom flat £733,000
Two-bedroom house £1.22 million
Three-bedroom house £1.67 million
Four-bedroom house £2.01 million
Source: Hometrack

Renting in Holland Park

One-bedroom flat £350 to £550 a week
Two-bedroom flat £500 to £1,000 a week
Two-bedroom house £700 to £1,200 a week
Three-bedroom house £1,000 to £1,900 a week
Four-bedroom house £1,800 to £2,500 a week
Five-bedroom plus house £2,500 to £5,000 a week

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Spotlight on Borough

Bawdy Borough has been reborn as a home for food lovers and City professionals who want to walk to work, says Anthea Masey for the Evening Standard (December 2012)
  • Borough marketeers
    Borough Marketeers Sam Whitehead and Jaid Thaker at Cartwright Brothers

There was a time when the neighbourhood of Borough in south-east London was famous only for the stink of its tanneries, breweries, hop yards and vinegar factories. Today it is going through a transformation from the ground to the skies.

In the past decade Borough Market, selling every culinary delight from epicure pork pies to smoked fish from the west coast of Ireland and oysters from Colchester, has become one of London’s major tourist attractions, with most real Londoners now knowing to turn up early to avoid the crush.

Across the road stands the elongated glass triangle of the Shard, next to London Bridge station, its jagged tip hidden eerily in the clouds on overcast mornings. And in the new year this new iconic London landmark, the tallest building in Europe, will open its public viewing floor for the first time.

Borough was settled by the Romans, who built the first bridge over the Thames nearby. Historically it was beyond the control of the city and became a place noted for its bawdiness. In Shakespeare’s time it was the site of three famous theatres — the Globe, the Rose and the Swan. And it was where Charles Dickens came to live when his father was thrown into the Marshalsea debtors’ prison, which featured in Little Dorrit.

Properties for sale in Borough: there are period houses and flats, especially in the little-known enclave around Merrick Square and Trinity Church Square. There are converted warehouses in and around Bermondsey Street and new riverside flats as well as “right-to-buy” council flats.

The most expensive house currently for sale is The Surrey Dispensary in Trinity Street which is on the market for £2.95 million through Foxtons (020 3324 5154). This four-bedroom, four-storey, flat-fronted Victorian house is in the Trinity Church Square conservation area.

Agent Stephan Mouzouri at the Borough branch of Kinleigh Folkard & Hayward says prices in Borough have passed their previous 2007 peak and still continue to rise.

He says: “Prices range from £2,000 per square foot in locations close to the river down to £500 per square foot nearer Elephant and Castle.”

Trinity Church Square

Offers above £1 million: three-bedroom apartment in Trinity Church Square

The area attracts: Borough is no longer a cheap area, so most buyers are professionals age 35 or above, many working in the City who enjoy being able to walk to work. There are also parents buying for their student children.

Staying power: once in the area people tend to stay until they have children, when there is usually the urge to move further afield in search of more space and more greenery.

What’s new: Trinity Church Terrace (Hamptons, 020 7717 5321) is a development of 12 flats and 10 terrace houses in a traditional style from developer London Realty. Two four-bedroom houses remain at £1.99 million.

The Murano Building (Felicity J Lord, 020 7089 6490) is a development of 20 one- and two-bedroom flats, including three affordable, for completion in summer 2013 in Crosby Row. From £445,000 for a one-bedroom flat.

Up and coming: former council flats sell at significantly lower prices. Lettings manager at Kinleigh Folkard & Hayward’s Borough office, Kira Sapiets, says such flats make solid investments and are easy to let.

The restaurants and shops in Hay's Gallery attract a lot of visitors

The restaurants and shops in Hay’s Gallery attract a lot of visitors

Getting an education: the Cathedral School of St Saviour and St Mary in Redcross Way, Charles Darwin in Toulmin Street and Friars in Webber Street are the three primary schools, all judged “outstanding” by Ofsted. Globe Academy (ages three to 18) in Harper Road is an all-through state school judged “good”. St Saviour’s and St Olave’s (girls aged 11 to 18) in New Kent Road is “outstanding”.

Shops and restaurants: as well as Borough Market, there are shops and restaurants in Hay’s Galleria — including a year-round Christmas shop — More London, Butler’s Wharf in Shad Thames and along Bermondsey Street. Locals are spoilt for choice when it comes to eating out.

Meat is celebrated at Roast, Spanish tapas at Tapas Brindisa, another favourite is Elliot’s Café, all in Borough Market. In Bermondsey Street, the Garrison is a popular gastropub with the shabby-chic look; Pizarro and its little brother José across the street both specialise in Spanish food; Delfina is a restaurant-cum-art gallery and Zucca has a modern take on Italian food.

Magdalen in Tooley Street gets good reviews for its modern European menu, and round the corner in Weston Street, Champor-Champor is an eccentrically decked-out Malaysian restaurant. When Terence Conran developed his gastrodome in Butler’s Wharf, the star turn was, and remains, Le Pont de la Tour, with great views of Tower Bridge from its riverside terrace.

Shard

Locals can relax in the green space of Bermondsey Street

Open Space: one of London’s great walks even on a blowy winter’s day is along the Thames from China Wharf, through Shad Thames, under Tower Bridge, past the Greater London Authority and the More London office development, then on through Hay’s Galleria to London Bridge, Southwark Cathedral, the cobbled streets around Clink Street, the Globe theatre and beyond to the South Bank.

Leisure and the arts: some of London’s best arts attractions are close by. The National Theatre, Royal Festival Hall, National Film Theatre, IMAX cinema and Hayward Gallery are in the Southbank complex. Other theatres include the Globe, as well as the Old and Young Vic, in Waterloo.

Tate Modern in the old Bankside Power Station is now one of London’s biggest tourist draws. The Unicorn Theatre for children has a new building on Tooley Street. Fringe theatres include the Menier Chocolate Factory and the Southwark Playhouse.

Travel: two stations — London Bridge and Waterloo — offer easy access to the country and the seaside towns of Kent and Sussex. London Bridge (Zone 1; annual travelcard £1,168) is on the Northern line, one stop from Bank and two from Moorgate; and the Jubilee line, three stops from Canary Wharf.

Council: Borough and London Bridge fall mainly in Southwark (Labour-controlled) and partly in Lambeth (also Labour-controlled). Band D council tax in Southwark is £1,218.86, while in Lambeth it is £1,232.01.

HMS Belfast

HMS Belfast sits proudly on the River Thames near to More London and Shad Thames

Average prices: buying in Borough
One-bedroom flat: £381,000
Two-bedroom flat: £695,000
Three-bedroom flat: £1.59 million
Four-bedroom house: £1.79 million
Source: Zoopla.co.uk

Average prices: renting in Borough
Two-bedroom flat: £300 to £450 a week
Two-bedroom flat: £350 to £650 a week
Three-bedroom flat: £450 to £700 a week
Four-bedroom house: £550 to £900 a week
Source: Kinleigh Folkard & Hayward

Fun facts for Borough: highest value streets
Maidstone Buildings Mews: £669,756
Surrey Row: £667,033
Great Guildford Street: £633,761
Ayres Street: £630,478
Vine Yard: £610,184

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