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14th October 2016
Barratt London has launched the latest phase of its 688-apartment Enderby Wharf development in Greenwich. Cook House, named after Captain James Cook consists of 104 studio, one, two and three-bedroom apartments. Residents will benefit from outstanding views over the Thames, a 24-hour concierge service, a private gym, and landscaped communal gardens as well as a car club, cycle storage, and close proximity to North Greenwich tube and Cutty Sark DLR. Prices start from £425,000.
The Wharf (06/10/2016)
14th October 2016
he Standard looks at plans for a £2bn regeneration of London’s Canada Water by British Land that could see the longest drawbridge in the world and London’s largest freshwater lake. Apartments are already for sale at Quebec Quarter, with 220 flats priced from £560,000. The Chipperfield Tower, encircled by waterside cafés, tennis courts, and an arthouse cinema, has 453 properties available for private sale, with 231 for shared ownership and the rest for private rent. Close by, properties at The Timberyard development near the former Grand Surrey Canal start from £432,000, while Barratt’s Greenland Place offers 562 apartments, priced from £398,000.
Evening Standard (12/10/2016)
14th October 2016
With the latest section of the London Underground opening a 24 hour service, the Standard looks at property prices along the Jubilee Line. Property near stations on the line are on average £25,000 lower than the other two Night Tube lines. Research shows that Canning Town is the most affordable stop, with a median price of £352,366. A £600m “town centre”, to be completed in 2024, forms part of a huge regeneration project. A terraced house can be found for around £300,000, while a three-bedroom penthouse at Rathbone Market will cost £650,000.
Bond Street is the most expensive station on the route, with median prices of more than £2.3m.
Evening Standard (07/10/2016)
14th October 2016
House prices in the three months to September fell 0.1% on the previous quarter, according to Halifax, but edged up month-on-month, with the average house price currently standing at £214,024. There was a 0.1% increase in property values between August and September, with a 5.8% rise in house prices year-on-year. This was down from a 6.9% annual growth rate recorded in August and the lowest annual growth rate since August 2013. The monthly increase comes after two consecutive months of falls following the Brexit vote, with decreases of 0.3% in August and 1.1% in July. Separately, in an analysis for Barclays Mortgages, the Centre for Economics and Business Research has calculated that each brick in a UK home is worth £47, on average. Studying the price and size of an average home to determine the sum, CEBR found that a brick in London is typically worth £121.08 compared with £22.09 in Belfast.
The Times (08/10/2016) The Independent (12/10/2016)
7th October 2016
Developer Cubitt Property Holdings and architect Make have submitted new plans to Tower Hamlets Council for a residential tower at 225 Marsh Wall, on the Isle of Dogs. Plans for a 56-storey structure containing 414 apartments were withdrawn by the developer in June; despite having the backing of then-Mayor Boris Johnson, planning officers had recommended that they be rejected, on the grounds that the site sought to “maximise, not optimise the development potential of the site”, by not containing enough family housing. The new 49-storey structure is 23m shorter than previous plans, with 336 apartments; 272 have been earmarked for private sale, with 147 one-beds, 112 two-beds and 11 three-beds. The new plans also give more of the site over to public open space.
The Wharf (05/10/2016)
7th October 2016
Demand for detached properties in London has taken the average price beyond £1m, according to a new report. The pressure on valuations has been increased by the small number being built in the capital - just 300 in the past year - and they now account for less than 5% of housing stock.
Evening Standard (06/10/2016)