Docklands News

Half of £1m London homes have two bedrooms or fewer

2nd December 2016

Thirty-five percent of all London homes on sale for £1m have just two bedrooms, while a further 10% have just one, according to new research. Across London as a whole, the “beds-per-million” average is 2.89, compared with a UK-wide figure of 4.77. The borough of Havering on the Essex borders is the only place left in London where £1m will secure five bedrooms.

Evening Standard (25/11/2016)

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House price growth slowest since January, says Nationwide

2nd December 2016

Annual house price growth has slowed to its lowest rate since January, according to the Nationwide. Prices in November were 4.4% higher than a year earlier, compared with a 4.6% increase in October, while the building society said prices rose by 0.1% from the month before, with the average cost of a home now £204,947.

The Daily Telegraph (01/12/2016)

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Iverna live there

Countryside and Taylor Wimpey have launched the latest collection of homes in the Greenwich Millennium Village project. Located close to the Peninsula’s Ecology Park, and just behind Greenwich Yacht Club, the 10-storey Iverna Quay tower block on the banks of the Thames offers a selection of 72 apartments, ranging from one-bedroom apartments to luxurious Überhauses. Canary Wharf is just a single stop away on the Jubilee Line from North Greenwich. Prices for a one-bed property start from £425,000.

The Wharf (21/11/2016)

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Undervalued Lewisham gets upgrade

28th November 2016

David Fell, research analyst at Hamptons International, says new developments in Lewisham could drive up values in the area, which he describes as “one of the capital’s most architecturally mixed neighbourhoods.” He notes that research from Hamptons shows that average house prices of £409,000 in Lewisham are about £150,000 below the London average but schemes like the Renaissance development by Barratt Homes will help push prices by revitalising the town centre, transforming previously run-down areas and providing nearly 800 new homes, commercial space and creative enterprise units.

City AM (17/11/2016)

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Londoners fear crime devalues their property

25th November 2016

Direct Line Home Insurance has found 19% of adults living in London admit they have been a victim of, or witnessed a crime, but have not reported it to the police – over fears it would devalue their property, or make it more difficult to rent. About 17% of Londoners would consider not reporting a crime, or would discourage their neighbour from reporting one because it would show up on an online crime map. Thirty-six per cent would refuse to live in a high crime neighbourhood. However, 32% would be willing to live in a high crime area if the neighbourhood showed signs of gentrification.

Evening Standard (21/11/2016)

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I’d buy that for a Dollar

18th November 2016

Mount Anvil has put the final phase of its 27-storey Dollar Bay tower on the market. Overlooking West India South Dock on the Isle of Dogs, and just a 10 minute walk away from Canary Wharf, the tower takes its name from the dollar bills dropped by grateful GIs during World War II, as a thank-you to local dock workers for their help in the war effort. The development is crowned by four penthouses; a pair of 1,200 sq ft two-bedroom duplexes, along with two 3,000 sq ft three-bedroom homes, offering unimpeded views across the capital. Residents will enjoy the benefit of winter gardens, mezzanine floors and open-plan layouts, along with a 24-hour concierge service, private lounge, residents’ garden, gym and cycle storage as well as 30 basement car parking spaces. Set for completion in mid-2017, the penthouse prices start at £5m.

The Wharf (17/11/2016)

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