LONDON NEW HOMES THE COLLECTION - Spring/Summer 2018 - Knight Frank
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LONDON NEW HOMES THE COLLECTION Spring/Summer 2018
WELCOME With over 120 years’ experience handling the world’s first-class properties, we are in a unique position to offer insight into key global markets, analysing trends and forecasting where the opportunities lie. This publication is designed to share with you a selection of our hand-picked new homes schemes. From striking waterfront developments to luxury apartments, I’m sure the stunning breadth we have to offer will inspire your new home or investment property. If you require any advice please do not hesitate to contact any one of our team of experts. Rupert Dawes Head of New Homes +44 20 7861 5445
ABOUT US
At Knight Frank we build long-term relationships, which allow us to provide personalised, clear and considered
advice on all areas of property in all key markets. We believe personal interaction is a crucial part of ensuring every
client is matched to the property that suits their needs best be it commercial or residential. Operating in locations
where our clients need us to be, we provide a worldwide service that’s locally expert and globally connected.
ENGAGING WITH We believe that inspired teams naturally provide excellent and dedicated client service. Therefore, we’ve created a
PEOPLE & PROPERTY, workplace where opinions are respected, where everyone is invited to contribute to the success of our business and
where they’re rewarded for excellence. The result is that our people are more motivated, ensuring your experience
PERFECTLY. LONG & WATERSON
with us is the best that it can be.
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ENFIELD
31
BARNET
SOUTH/WEST
HARROW 1. Ancaster Gate, TW10 27. 190 Strand, WC2 52. Royal Docks West, E16
WALTHAM 2. West Village, W11 28. Lincoln Square, WC2 53. Stratford Riverside, E15
FOREST
HARINGAY 3. Keybridge, SW8 29. Garden House, W2 54. Langley Square, DA1
4. Abell & Cleland, SW1 30. Dickens Yard, W5 55. Upton Gardens, E13
REDBRIDGE
5. 1 Palace Street, SW1 31. The Chapel at 56. Capital House, E3
HAVERING St Joseph’s Gate, NW7
6. The Nova Building, SW1
32. No. 1 Penfold Place, NW1
7. Bolton Studios, SW10
33 CAMDEN 33. Novel House, NW3
BARKING & 8. Chelsea Waterfront, SW10
41 DAGENHAM 34. The Avenue, NW6 SOUTH/EAST
BRENT 9. Chelsea Creek, SW6
57. Southbank Place, SE1
10. Lillie Square, SW6
ISLINGTON HACKNEY
58. One Blackfriars, SE1
34 36 38 40
50 11. The Villas, SW13
37 39 53 59. One Tower Bridge, SE1
44 12. Constance Court, SW11
25 55
NEWHAM NORTH/EAST
CITY OF
42 43 60. Anthology Deptford
WESTMINSTER 13. Chiswick Gate, W4 35. The Denizen, EC1 Foundry, SE8
EALING 32
22 26 TOWER
24 35 14. The Star and Garter, TW10 36. Gasholders, N1C 61. Royal Arsenal Riverside, SE18
CITY of HAMLETS
23 28 LONDON 56
30 29 46 48 15. Fitzroy Gate, TW7 37. The Plimsoll Building, N1C 62. London Square
2 27 45 52 Bermondsey, SE1
KENSINGTON 58 47 16. Boat Race House, SW14 38. Luma, N1C
& CHELSEA 57 59
5
18 51 49 17. Castle Lane, SW1 39. Fenman House, N1C
17
21 19 6 62 61 54
18. Wedgwood Villas, W4 40. Islington Square, N1
4
HOUNSLOW
13 7 20
19. 37 Beaufort Gardens, SW3 41. Hampstead Manor, NW3
10
3 SOUTHWARK
HAMMERSMITH 60 20. The Cubitt Collection, SW1 42. 15 Grove End Road, NW8
& FULHAM 8
9 21. The Arts House, SW7 43. Canaletto, EC1
GREENWICH
16 11 22. 19 Bolsover Street, W1W 44. Long & Waterson, E2
15
12
BEXLEY 45. Landmark Place, EC3
LAMBETH
RICHMOND 46. Goodman’s Fields, E1
1 14 WANDSWORTH
LEWISHAM 47. One Park Drive, E14
NORTH/WEST
23. Bayswater Apartments, W2 48. Discovery Tower, E16
24. Bell Street NW1 49. Royal Wharf, E16
MERTON 25. Denham Film Studios, UB9 50. Anthology Hoxton Press, N1
LILLIE SQUARE
KINGSTON BROMLEY 26. Chancery Quarters, WC2 51. Landmark Pinnacle, E14 Computer generated images for indicative purposes only.
CROYDON
1 ANCASTER GATE, TW10 Price on Application 2 WEST VILLAGE, W11 Prices from £3,000,000
Completed and ready for immediate occupation
Prices from £1,960,000
Completed and ready for immediate occupation
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Combining sensitive restoration with • Just 7 luxury houses A charming and endearing collection of new • 3, 4 & 5 bedroom houses
contemporary architectural vision, Ancaster • 3 to 6 bedrooms build houses, set around a landscaped • Freehold
Gate renews this glorious development for the courtyard in the heart of Notting Hill.
• Secure, gated development • Secure underground car parking
21st century. The original, Grade II Listed
with allocated parking
Georgian mansion has been restored as three • Contemporary specification with air
houses, while four additional properties, • Adjacent to Richmond Park conditioning
in sympathetic style, have been added. • Private terraces and patios to each house
Estimated completion Q1 2018. • Quiet location, in the heart of Notting Hill
and close to Hyde Park
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
10 | London New Homes London New Homes | 11
3 KEYBRIDGE, SW8 Prices from £865,000 4 ABELL & CLELAND, SW1 Prices from £6,850,000
Completed and ready for immediate occupation
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Keybridge is in the heart of London’s • Studio 1, 2 & 3 bedroom homes Abell & Cleland is a prestigious development • 6 minutes walk to the
biggest and most exciting regeneration scheme. at the heart of London’s iconic Westminster. Houses of Parliament
• 3 bedroom penthouses
A sophisticated development by Mount Anvil The stunning apartments and penthouses are • Swimming pool, gym, steam
and FABRICA by A2 Dominion. • Car parking designed to complement their remarkable & sauna room
• 15 metre swimming pool location; an area world-renowned for government,
As the UK’s tallest residential brick tower, • 24 hour concierge
• Spa facilities culture and grand private dwellings.
Keybridge stands at an impressive • Secure underground car parking
37 storeys. • Gym Final 2 complete penthouses remaining.
Estimated completion Q1 2018 for
Keybridge House.
Estimated completion Q4 2019 for
Keybridge Lofts.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
12 | London New Homes London New Homes | 13
5 1 PALACE STREET, SW1 Price on application 6 THE NOVA BUILDING, SW1 Prices from £2,200,000
Completed and ready for immediate occupation
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In an unparalleled location opposite • 72 luxury apartments A new development of 170 apartments created • 2 , 3 & 4 bedroom apartments
Buckingham Palace and in the heart of • 1, 2, 3 & 4 bedroom apartments to the highest specification by Land Securities, and penthouses
London’s St. James’, 1 Palace Street offers the and penthouses located within one of London’s most prestigious • Residents’ lounge, cinema
rare opportunity to live at a prestigious address • 5 bedroom townhouse neighbourhoods. and business centre
in an architecturally and historically significant
• 10,000 sq ft of luxury amenities • Private residents’ gym
property. Designed by London’s leading luxury
• 20 metre swimming pool
residential developer, Northacre, together • 9th floor residents’ roof garden
with internationally acclaimed architects • Spa
• Secure underground car parking available
Squire & Partners, the secure island site
• 24 hour concierge and security
encompasses five iconic architectural styles,
from Grade II listed Italianate Renaissance
to visionary contemporary design.
Emma Fletcher-Brewer New Homes Broker Team
Estimated completion Q4 2019. emma.fletcher-brewer@knightfrank.com brokerteam@knightfrank.com
+44 20 7861 1705 +44 20 8022 7477
14 | London New Homes London New Homes | 15
7 BOLTON STUDIOS, SW10 Prices from £1,100,000 8 CHELSEA WATERFRONT, SW10 Prices from £1,400,000
Completed and ready for immediate occupation
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Bolton Studios is located in the exclusive • 1 & 2 bedrooms Duplex apartments A spectacular landmark development on the • Range of 2, 3, 4 & 5 bedroom
Bolton’s Conservation Area, one of the most north bank of London’s River Thames in apartments available
• Concierge
prestigious addresses in London. Each Chelsea, offering unrivalled views over
apartment has an abundance of hidden storage, • High specification • State of the art residents’ leisure facilities
London. Exquisite apartments on the river edge
bespoke kitchens and bathrooms and feature including gym, sauna, swimming pool,
• Parking permits available with restaurants, bars, shops and health and
staircases. The accommodation is largely open Jacuzzi & steam room
fitness facilities.
plan and finished to an exceptional standard. • Masterplan designed by internationally
There are two discreet entrances with a The first Phase is now completing (completion renowned architect Sir Terry Farrell
concierge located at the main front door. of the site due in 2021).
• 24 hour concierge and security
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
16 | London New Homes London New Homes | 17
9 CHELSEA CREEK, SW6 Prices from £880,000 10 LILLIE SQUARE, SW6 Prices from £775,000
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London’s prime waterside address offers • 3 Penthouses available in Lockside House Located in Earls Court, these exceptional • 1, 2, 3 bedroom apartments &
a selection of superb 1, 2 and 3 bedroom • Stylish waterside location apartments, townhouses and penthouses penthouses available
apartments and a selection of duplex penthouses offer the best in contemporary urban living,
• 24 hour concierge • Private Residents Clubhouse including
in its latest phase, Fairwater House. Chelsea combined with elegant public spaces
• Features a spa, swimming pool & swimming pool, gym, spa and treatment
Creek sets the highest standard for contemporary and outstanding landscaped gardens.
gymnasium rooms, private cinema, coffee lounge, bar
living in a tranquil waterside setting.
The first Phase of Lillie Square is now & dining room and children’s playroom
• Unrivalled selection of shops,
complete, and Phase 2 has now launched. • Aston Martin car club and association with
The Tower Penthouse available immediately bars, restaurants
with 5 bedrooms located on the top two floors Estimated completion of Phase 2 from Q3 2019. other luxury brands including Selfridges &
of the tower, sky garden with panoramic views Berry Bros. & Rudd
over the London skyline. • 5* concierge service available 24 hours
a day
Fairwater House now launched. Estimated • Private parking available
completion Q4 2019. New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com • 24 hour security brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
18 | London New Homes London New Homes | 19
11 THE VILLAS, SW13 Coming soon 12 CONSTANCE COURT, SW11 Prices from £482,500
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Situated in the heart of Barnes will be a • Landscaped private gardens A brand new collection of 39 private one and • Secure underground parking available
collection of five bedroom townhouses with • Secure underground parking two bedroom contemporary apartments set with selected units
basement parking, exceptional interiors around an internal courtyard garden and • Excellent rail connections to the City
• Exceptional interior design
and private landscaped gardens. situated a short walk from the river, with easy & West End from Clapham Junction
• Traditional design to complement access to the green spaces of Wandsworth
Estimated completion Q2/Q3 2018. & Wandsworth Town
the surrounding residential area Common to the south and Wandsworth Park
• Balcony or garden to every apartment
• High quality specification along the river.
including fireplaces
Estimated completion Q1 2018.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
20 | London New Homes London New Homes | 2113 CHISWICK GATE, W4 Prices from £618,000 14 THE STAR AND GARTER, TW10 Prices from £2,350,000
Completed and ready for immediate occupation Completed and ready for immediate occupation
Chiswick Gate presents a luxurious collection • Collection of 1 to 5 bedroom apartments A magnificent collection of luxury • 1 to 6 bedroom apartments with
of apartments and townhouses offering a & townhouses apartments within Richmond’s most famous unparalleled views
sanctuary for the senses within the vibrant area • Underground parking spaces available landmark. The Grade II listed Star and • Underground car parking
of Chiswick, with luscious private gardens and Garter home, designed by Sir Edwin
• Tranquil, beautifully landscaped • Exquisite on-site residents’ facilities
within close proximity to the River Thames. Cooper, dates from 1924 and overlooks
private gardens • Gardens
Richmond Park and the River Thames.
• Residents’ gymnasium Show flat and marketing suite now open. • 24 hour concierge by Harrods Estates
• Concierge service
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
22 | London New Homes London New Homes | 2315 FITZROY GATE, TW7 Prices from £1,400,000 16 BOAT RACE HOUSE, SW14 Prices from £600,000
Completed and ready for immediate occupation
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Fitzroy Gate has been transformed by St James • 4, 5 & 6 bedroom houses Boat Race House is a bespoke development • 1 to 2 bedrooms
into a selection of luxury houses set beside of just 16 apartments on the riverfront near • Riverside location
• Communal gardens
the River Thames, within formal gardens Barnes. Situated close to Richmond Park
• Allocated car parking • Secure car parking
and 3.5 acres of beautifully landscaped and with excellent transport links to both
• Private gated development central London and Heathrow airport, the • Boutique development
private gated parkland.
• Show houses now available development offers crisp and contemporary • Close to Barnes village & Richmond park
interiors and gorgeous river views. Further
features include balconies or terraces, secure
car parking and bike storage.
Estimated completion Q3 2018.
Launching Q1 2018.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
24 | London New Homes London New Homes | 2517 CASTLE LANE, SW1 Prices from £1,200,000 18 WEDGWOOD VILLAS, W4 Prices from £2,150,000
Completed and ready for immediate occupation
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• Contemporary design by award-winning An exclusive collection of just six townhouses • Gated development
The development comprises three townhouses,
architects set within a secure gated community. All of the • 4 bedroom homes
each with their own private entrance and
houses benefit from underground car parking
28 meticulously crafted apartments ranging • Located within easy access of London’s • Underground car parking with lift access
with communal lift access. Positioned within a
from one to three bedrooms. These are West End
beautifully landscaped quarter, each home has • Roof terraces
accessed through a private landscaped • Minutes walk from Buckingham Palace a private garden and an allocated roof terrace
courtyard garden and lobby area, which
• 24 hour concierge with far reaching views.
is managed by the building’s own 24 hour
concierge.
Estimated completion Q1 2018.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
26 | London New Homes London New Homes | 2719 37 BEAUFORT GARDENS, SW3 Prices from £845,000 20 THE CUBITT COLLECTION, SW1 Prices from £995,000
Completed and ready for immediate occupation Completed and ready for immediate occupation
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Located within a prime Knightsbridge Square • Studio apartments An outstanding renovation of five luxury • Lateral apartments
and a short walk from Harrods sits the perfect • Parking permits available apartments located on Warwick Square, SW1. • Fully interior designed
pied a terre. There are just nine apartments Originally built by master builder Thomas
• Close proximity to Harrods • High specification
in this attractive stucco fronted building, Cubitt, this imposing stucco fronted building
benefiting from lift access and smart communal • High specification and finish has been skilfully updated to include all the • Garden square access
areas. These perfectly appointed apartments comforts and touches of modern living within
are completed to an excellent standard. Some a beautiful period setting. With ceiling heights
of the apartments have the advantage of direct of up to 4m and the added benefit of the use of
access to their own private balcony or terrace. an exclusive London square gardens, complete
with tennis court and playground.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
28 | London New Homes London New Homes | 2921 THE ARTS HOUSE, SW7 Prices from £1,690,000 22 19 BOLSOVER STREET, W1W Prices from £1,250,000
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This stunning Victorian Mansion has been • 11 apartments & 1 townhouse A collection of luxury apartments and one • Concierge within set hours (09:00-18:00)
re-designed to comprise a boutique collection • Direct lift access to all of the apartments penthouse in the heart of West Fitzrovia. • Retained period facade, balancing
of 11 apartments and one elegant townhouse. Edwardian character with a
• Concierge 19 Bolsover Street is designed for those who
The original period features have been contemporary approach
• Comfort cooling seek a world-class lifestyle in a neighbourhood
restored, where possible to include decorative • Comfort cooling to all apartments
that feels authentically yours to discover.
cornices to the high ceilings, original fireplaces
• Floor to ceiling windows in penthouse
and traditional sash windows. There is direct Estimated completion Q1 2018.
lift access to all of the apartments from the • Minutes from Regents Park & Great
grand entrance hall and valet car parking is Portland Street Tube Stations
available by separate negotiation. • Passenger lift serving every floor
The penthouses benefit from private terrace/
roof gardens with far reaching views.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
30 | London New Homes London New Homes | 3123 BAYSWATER APARTMENTS, Prices from £2,000,000 24 BELL STREET, NW1 Prices from £2,500,000
INVERNESS TERRACE, W2 Completed and ready for immediate occupation Completed and ready for immediate occupation
A pair of meticulously refurbished stucco • 2 & 3 bedroom apartments Four luxurious townhouses located moments • 3 bedrooms
fronted Grade II listed buildings situated from Marylebone. The living space • Terraced gardens
• Elegant period features
moments from Hyde Park. Bayswater incorporates the latest in modern technology,
• Concierge • Freehold
Apartments offers daytime concierge designed with contemporary living in mind.
• Comfort cooling Specifications include underfloor heating and • Eligible for parking permit
services and benefits from an enviable
central London location. RAKO lighting control system. The property
has been pre wired for future proof cabling
infrastructure to support installation of audio
visual and multi room music system and
bespoke lighting scene. Including telephones
and data.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
32 | London New Homes London New Homes | 3325 DENHAM FILM STUDIOS, UB9 Prices from £350,000 26 CHANCERY QUARTERS, WC2 Prices from £825,000
Phase 1 completed and ready for immediate occupation Completed and ready for immediate occupation
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A unique collection of 224 conversion and • Cinema with bar New boutique residential development • 1 to 3 bedrooms
new build homes, including 154 one, two and • Community hall and fitness space in London’s Midtown. • 35 apartments
three bedroom apartments and 70 four and five • Concierge • Concierge seven days a week
Superbly positioned in the heart of Midtown,
bedroom family townhouses.
• Garden squares, private gardens Chancery Quarters sits on the world-famous • Penthouse terraces with breathtaking views
Estimated completion from Q2 2018. & protected woodland Chancery Lane within a short stroll of of the capital
• Car parking and garaging Lincoln’s Inn Fields, Covent Garden and
the City of London.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
34 | London New Homes London New Homes | 3527 190 STRAND, WC2 Price £9,885,000
28 LINCOLN SQUARE, WC2 Prices from £1,310,000
Completed and ready for immediate occupation
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A luxurious new development in an area of • 206 high specification apartments A unique, high-quality development in the • 1,2,3 & 4 bedroom
central London, internationally acknowledged • Last apartment remaining cultural, legal and academic heart of London, apartments & penthouses
as the Capital’s theatre, shopping and cultural • 3 bedrooms adjacent to The London School of Economics. • 24 hour concierge
heartland. With international embassies, law
• 999 year lease Estimated completion Q2 2019. • Communal garden
courts and the River Thames close by.
• Residents’ amenities to include; 24 hour • Private parking
concierge, swimming pool, spa, gymnasium, • Over 17,000 sq ft of leisure facilities
virtual golf, cinema & business lounge including swimming pool, gym, cinema
• Car parking included & residents club room
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
36 | London New Homes London New Homes | 3729 GARDEN HOUSE, W2 Prices from £995,000 30 DICKENS YARD, W5 Prices from £960,000
Completed and ready for immediate occupation
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Overlooking tranquil Kensington Gardens • Direct access to garden square A stylish new residential quarter. • A selection of 2 & 3 bedroom apartments
Square, Garden House offers a rare collection of • Residents’ parking (by permit) & penthouses
Dickens Yard will create an exciting new address
one, two and three bedroom apartments, within
• 24 hour concierge in the heart of Ealing. 698 new apartments will • 24 hour concierge
a traditional Victorian stucco-fronted building.
• Balconies or private terraces at some overlook either quiet garden terraces, landscaped • New gym and health spa – now open
apartments squares or traffic-free streets, lined with
• Potential for capital growth with
boutique shops and cafes.
new Crossrail Station opening 2019
Estimated completion Q4 2018 to Q1 2019. • Parking available by separate negotiation
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
38 | London New Homes London New Homes | 3931 THE CHAPEL AT ST JOSEPH’S GATE, NW7 Prices from £6,000,000 32 NO.1 PENFOLD PLACE, NW1 Prices from £620,000
Completed and ready for immediate occupation
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A rare gem in design and architecture, The • 999 year lease A unique, contemporary building offering a • 1 & 2 bedroom apartments
Chapel showcases iconic classical features • Spa with sauna & steam room choice of seven bespoke one and two bedroom • New boutique development
almost impossible to find elsewhere. Step into apartments in a Zone 1, London location.
• Over 8,000 sq ft • Zone 1 location
this carefully crafted home and be met with an
awe-inspiring vaulted ceiling extending up to • Interiors by Alexander James Interiors Completion Q3 2018. • Designed by Pierre Mare Architects
the original wooden rafters, and an open living • Spacious gymnasium • High specification interiors
area lined with granite pillars boarding a • Bespoke kitchens manufactured by leading • 25 year car club membership
curved gallery of 15 south facing windows Italian designer Pedini
with spectacular far reaching views of Mill Hill
and beyond.
City and East New Homes Broker Team
citybrokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 7718 5202 +44 20 8022 7477
40 | London New Homes London New Homes | 4133 NOVEL HOUSE, NW3 Launching February 2018 34 THE AVENUE, NW6 Prices from £800,000
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In an elevated position just moments from • Prime location in the heart Located between Queen’s Park and leafy • Advanced fitness suite
Hampstead Heath and the charm of the Village, of Hampstead West Hampstead, The Avenue is surrounded • Private concierge service
contemporary design and British craftsmanship by iconic neighbourhoods. Introducing the
• Luxury gymnasium & • Thermostatically controlled
shine in Novel House’s 17 apartments. Created latest scheme by developer’s Regal Homes;
landscaped gardens underfloor heating
by lifestyle and design-led property developer a collection of one, two and three bedroom
Linton, the scheme has been designed as a • Concierge & secure underground • Short travel to London’s
apartments and penthouses offering prime
collection of individual residences for those who car parking leading universities
London property with a village like backdrop.
prize effortless living in the most historic and • Lifestyle and design-led interiors • Secure underground parking
beautiful surroundings. In this peaceful, by Gordon Duff & Linton Estimated completion Q3 2018.
elegantly laid-back location, it’s hard • Large & beautifully planned
to believe that London’s centre is so close. apartment layouts
Estimated completion Q3 2019. • Breathtaking views from this
elevated position New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
42 | London New Homes London New Homes | 4335 THE DENIZEN, EC1 Prices from £790,000 36 GASHOLDERS, N1C Prices from £810,000
Completed and ready for immediate occupation
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In the vibrant heart of the City of London, an • 24 hour concierge The Gasholders is a remarkable feat of • Studios, 1 to 3 bedroom apartments
area rich in culture and architectural history, • Residents’ lounge and terrace contemporary design and cutting-edge & penthouses
The Denizen offers a calm, sophisticated engineering by renowned architects Wilkinson
• Cinema room • Interiors by Jonathan Tuckey Design
environment that delivers the very best of Eyre. There are 145 apartments and
• Games room & roof garden by acclaimed landscape
modern city living. From smart studio retreats penthouses being built within a refurbished
architecture practice, Dan Pearson Studio
to spacious three-bedroom homes, this elegant • Cycle store triplet of Grade II listed, cast-iron gasholder
address shines with luxurious details. guide frames, next to Regent’s Canal at the • Exclusive residents’ amenities include
heart of King’s Cross, London’s most exciting business lounge, entertainment suite with
Estimated completion Q4 2019. private dining, bar & screening room,
new neighbourhood.
residents’ gym & spa, concierge facilities
City and East New Homes Broker Team
citybrokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 7718 5202 +44 20 8022 7477
44 | London New Homes London New Homes | 4537 THE PLIMSOLL BUILDING, N1C Prices from £1,800,000 38 LUMA, N1C Prices from £1,125,000
Completed and ready for immediate occupation
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A collection of 3 bedroom apartments, centred • Residents’ gym & lounge Luma is a unique collection of one, two and • Residents’ lounge
around a podium garden, overlooking Regent’s three bedroom contemporary apartments and • Concierge
• Communal podium roof garden
Canal and the London skyline, at the heart of penthouses imagined by Squire & Partners,
• Concierge • Private balcony
the ever-thriving King’s Cross. with bespoke interiors by Conran + Partners.
• Underground car parking available It is perfectly situated between the grand Lewis • Underground car parking available
Cubitt Park and the intimate, Persian inspired with selected apartments
Jellicoe Gardens.
Estimated completion Q2 2020.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
46 | London New Homes London New Homes | 4739 FENMAN HOUSE, N1C Prices from £1,425,000 40 ISLINGTON SQUARE, N1 Prices from £715,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only.
Computer generated images for indicative purposes only.
Fenman House is a collection of just 51 • Residents’ roof garden Islington Square will be the latest addition • 24 hour concierge service
apartments for sale at the centre of one of • Concierge of studio, one, two and three bedroom • 40,000 sq ft Third Space Health
London’s most dynamic locations. It is the first apartments plus penthouses and maisonettes. & Fitness Club
• Underground car parking available
building to be constructed parkside at King’s Home to flagship restaurants, independent shops
with selected apartments • Luxury 5 screen cinema onsite operated
Cross and is perfectly positioned between Lewis and an already bustling borough with a rich
• Interior designed 3 bedroom show by Odeon Lounge
Cubitt Park and the beautifully manicured heritage, Islington Square offers considered,
apartment available to view design-led living spaces where each apartment • Secure underground parking
Jelicoe Gardens. The apartments have been
inspired by the rich heritage of this area with • Sophisticated entrance lobby with has an unmistakable air of luxury and comfort.
cues from the building’s commanding façade, bespoke furniture, providing a delightfully
Estimated completion from Q2 2018.
elegant proportions and natural materials. boutique aesthetic
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
48 | London New Homes London New Homes | 4941 HAMPSTEAD MANOR, NW3 Prices from £755,000 42 15 GROVE END ROAD, NW8 Prices from £2,800,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only.
Located on a leafy road only moments from the • 1, 2, 3, 4, & 5 bedrooms A beautiful two bedroom duplex penthouse • Porter service
centre of Hampstead Village, the outstanding • Town car apartment finished to an immaculate standard. • Underground parking
new development, Hampstead Manor embraces Grove End Road is close to St. John’s Wood
• Swimming pool, gym & hamman • Penthouse apartment set over two floors
all of the qualities that have long made NW3 High Street, as well as St. John’s Wood
• Set within c. 3 acres Underground station, for rapid access to the • Impressive upper floor dedicated
one of the most desirable British postcodes.
• Car parking whole of central London. to entertaining, accessed via a glass
Set within resplendent gardens and communal feature staircase
courtyards the 125 distinguished residences for • Period & New Build
• Interior designed throughout
private sale at Hampstead Manor range from
• Wrap around terrace with far
studio apartments to five bedroom homes.
reaching views
Estimated completion from Q1 2018.
New Homes Broker Team City and East
brokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 8022 7477 +44 20 7718 5202
50 | London New Homes London New Homes | 5143 CANALETTO, EC1 Prices from £3,200,000 44 LONG & WATERSON, E2 Prices from £675,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
An extraordinary 31 storey tower sits on the • 24th floor private residents’ Tucked behind the bustling streets of Shoreditch • Lofts, apartments & penthouses
doorstep of Tech City and at the meeting place sky bar with city views sits Long & Waterson. A collection of one to
• 24 hour concierge
of London’s most exciting and well-established • Swimming pool four bedroom lofts, apartments and penthouses.
district: Islington, King’s Cross, Clerkenwell, • Gym, sauna & steam room
• Gym This quiet enclave of Shoreditch provides
Shoreditch and the City. An exquisite collection • Treatment room
• Private cinema beautifully landscaped gardens surrounded
of luxury apartments for sale with balconies • Cinema room
by the retained and converted Long Street
showcasing views across London. • Sauna and steam room
workshops and the superb new addition of • Landscaped gardens
The Waterson Building. Complete with
residents’ only amenities and interiors designed
by New York based ODA Architecture,
Long & Waterson offers the opportunity
to live in London’s coolest new address.
City and East Estimated completion Q3 2018. City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
52 | London New Homes London New Homes | 5345 LANDMARK PLACE, EC3 Prices from £862,500 46 GOODMAN’S FIELDS, E1 Prices from £762,500
Completed and ready for immediate occupation
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
Landmark Place is situated on the City’s riverfront • 24 hour concierge A seven acre mixed-use development by • Luxury studios, 1, 2 & 3 bedroom
by Tower Bridge. The beautifully crafted interiors, • Residents only 20 metre swimming Berkeley Homes comprising a phased apartments
iconic views and 5* hotel style amenities pool & gym development with 700 private units. 21 acres
• 24 hour concierge
combine to create a truly elegant building. of the site is dedicated to urban landscaped
• Cinema & treatment rooms • Residents’ only 12,000 sq ft leisure
gardens and squares. In addition, there is a
Estimated completion from Q2 2018. • Lounge & library centre with an 18 metre swimming pool,
250 room hotel and new commercial
and retail space. gym & spa
• Direct river frontage
• Private cinema & business lounge
• Parking by separate negotiation
• Designed by Johnson Naylor
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
54 | London New Homes London New Homes | 5547 ONE PARK DRIVE, E14 Prices from £650,000 48 DISCOVERY TOWER, E16 Prices from £455,000
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
Designed by Herzog & de Meuron, • Waterside views The 17 storey Discovery Tower is the latest • 1, 2 & 3 bedroom apartments
One Park Drive will be Canary Wharf’s • 24 hour Canary Wharf bespoke release at Hallsville Quarter, the on-going
• Concierge
signature residential development, a landmark, concierge service regeneration of Canning Town. The Tower
high-rise building of exceptional architectural comprises 160 apartments with residents • Gym
• Leisure facility, pool, gym
quality. The building contains benefiting from the use of a concierge, • Top floor sky terrace
483 apartments arranged over 58 storeys. • Private parking gymnasium and private top floor • Podium landscaped garden
• Set within the Canary Wharf Estate sky terrace.
Estimated completion Q4 2020. • Canary Wharf 4 minute tube journey
Show apartments now open.
Estimated completion Q1 2018.
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
56 | London New Homes London New Homes | 5749 ROYAL WHARF, E16 Prices from £387,975 50 ANTHOLOGY HOXTON PRESS, N1 Prices from £660,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only.
Royal Wharf, jointly developed by Oxley and • 1, 2 & 3 bedroom prime waterfront Anthology Hoxton Press is a selection of • Excellent transport links to
Ballymore, is at the heart of the Royal Docks & parkside apartments & 4 bedroom studios, one, two and three bedroom homes the City, Shoreditch and Islington
£3.5 billion investment zone which will see the townhouses designed by world renowned Karakusevic • 24 hour concierge
creation of a completely new neighbourhood. Carson Architects and David Chipperfield
• Significant David Morley Architects • Community Café
Royal Wharf occupies a prominent position on Architects. Comprising two landmark buildings,
leisure facility including spa, gym &
the banks for the River Thames with half a Mono and Duo, as well as a community café • Outstanding views
swimming pool
kilometre of south facing river frontage. and landscaped gardens, Hoxton Press will
Construction is well underway with • 500 metres of south facing river frontage be a hub for the community. Located in the
completions taking place. The marketing suite • West Silvertown & Pontoon Dock DLR regeneration area of the Colville Estate, nestled
has two show apartments and a variety of station at the entrance to Royal Wharf between Shoreditch Park and the Regents
completed show homes with stunning terraces Canal, Hoxton Press will celebrate the heritage
and views over the River Thames. left by the sites former occupiers, The Mullord
Brothers Printing Press.
City and East City and East
citybrokerteam@knightfrank.com Estimated completion Q2 2018.
citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
58 | London New Homes London New Homes | 5951 LANDMARK PINNACLE, E14 Prices from £491,250 52 ROYAL DOCKS WEST, E16 Prices from £590,000
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
Landmark Pinnacle is 75 floors making it one • 360 River, Canary Wharf & London Royal Docks West is a landmark development • Crossrail Station
of London’s tallest residential towers. The Skyline Views in the heart of the Docklands. The • 24 hour concierge
building stands four-square at the head of • Level 75 Roof Terraces development will benefit from water, City and
South Dock on the edge of Canary Wharf, • Communal gardens
• Residents’ Gym & Residents’ Lounges landscaped courtyard views via balconies to
many uninterrupted views both westward down every apartment. Crossrail will be available • Part of Royal Docks regeneration
the River Thames, across the entire city, and • Games room
from Custom House Station just a three-minute • Car parking spaces available for purchase
eastward over the docks to the Thames Barrier • Private Cinema walk from the development, making it one of • Contemporary design throughout
and beyond. the best connected places to live in London.
Estimated completion Q3 2020. Estimated completion Q4 2018.
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
60 | London New Homes London New Homes | 6153 STRATFORD RIVERSIDE, E15 Prices from £1,200,000 54 LANGLEY SQUARE, DA1 Prices from £224,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
• Outstanding views of Canary Wharf Langley Square is located within walking • 1, 2 & 3 bedroom apartments
The Platinum Penthouse is a home of both
grandeur and style. Positioned on the 27th floor & the City distance of Dartford Station which offers • Communal gardens
of Stratford Riverside, magnificent views of direct lines into Central London in less than
• Professional standard catering equipment • 999 year lease
the London cityscape blend with the luxurious 50 minutes. Langley Square is the perfect place
on the terrace • Private bacony
interior design by Oz Lancaster. for families, young professionals and couples,
• Close proximity to the Stratford with the unique surroundings of the historic • Engineered oak flooring & Zanussi
The apartment benefits from a total space
International transport hub Mill Pond and green open spaces. appliances
in excess of 2,800 sq ft with a 52 ft terrace.
Stratford Riverside is conveniently positioned Estimated completion Q2 2020.
for use of Olympic Park and is conveniently
placed to access Europe’s largest shopping
centre at Stratford Westfield.
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
62 | London New Homes London New Homes | 6355 UPTON GARDENS, E13 Prices from £334,995 56 CAPITAL HOUSE, E3 Prices from £380,000
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
A selection of one, two and three bedroom • Residents’ fitness suite 1, 2 and 3 bedroom apartments located in a • Excellent transport links
apartments available in this exciting new • 12 hour concierge prime regeneration zone, less than 10 minutes’ • Close proximity to Queen Marys
destination being developed by Barratt walk to Devon’s Road DLR station, providing University, London
• Gardens & family play areas
London. With its impressive Football heritage, a 6 minute service to Westfield Stratford City,
• Underground parking available • Contemporary design throughout
owning a property in Upton Gardens is a once Europe’s largest urban retail centre and a
in a lifetime opportunity to secure your piece of 7 minute journey time into the heart of • Boutique development of 9 units
British sporting history. Canary Wharf. • Communal landscaped terrace
Estimated completion from Q3 2018. Estimated completion Q1 2018.
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
64 | London New Homes London New Homes | 6557 SOUTHBANK PLACE, SE1 Prices from £1,790,000 58 ONE BLACKFRIARS, SE1 Prices from £1,300,000
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
Set in one of London’s most desirable riverside • Landmark views A new dimension to London’s skyline. Designed • 4 minutes’ walk to Blackfriars station
locations adjacent to Westminster and • Residents’ Health Club & Spa by award-winning architect Ian Simpson, • Swimming pool, gym, thermal suite,
next to the London Eye, Southbank Place One Blackfriars is an iconic landmark
• Residents’ lounge screening room & wine cellar
celebrates the rich history and heritage of its development, delivering a new mixed‐use
surroundings. The combination of a perfect • Concierge • 32nd floor executive lounge
London destination. Located on the south side
setting and the design‐driven architectural • Secure parking available of Blackfriars Bridge it offers a discreet and • 24 hour Harrods Estate concierge
quality of this landmark development will for selected apartments private world with a first class approach to • Valet car parking
together create some of the most sophisticated London living.
and desirable apartments in the city.
New show apartment and residents lounge
Estimated completion from Q2 2018. now open by appointment on site.
Estimated completion Q4 2018.
New Homes Broker Team New Homes Broker Team
brokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 8022 7477 +44 20 8022 7477
66 | London New Homes London New Homes | 6759 ONE TOWER BRIDGE, SE1 Prices from £3,650,000
60 ANTHOLOGY DEPTFORD FOUNDRY, SE8 Prices from £385,000
Completed and ready for immediate occupation
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
One Tower Bridge offers a five star living • Residents’ only private health club Anthology Deptford Foundry is located moments • 1, 2 & 3 bedroom apartments available
experience on the Southbank, with one of the • Business lounge from the trendy bars and night life of Deptford.
• Goldsmiths, University of London close by
worlds most iconic landmarks as its backdrop. With Cannon Street an 11 minute train journey
• 24 hour Harrods concierge & security • Second Floor Studio & Arts occupying
from New Cross, central London and the City
Last remaining apartments available. • 999 year leasehold commercial space & contributing to
are within easy reach.
• Penthouses with panoramic views Deptford as a creative hub
Estimated completion from Q4 2018.
• Unique riverside address • Concierge
• Landscaped communal areas
• Easy transport links to the City
City and East City and East
citybrokerteam@knightfrank.com citybrokerteam@knightfrank.com
+44 20 7718 5202 +44 20 7718 5202
68 | London New Homes London New Homes | 6961 ROYAL ARSENAL RIVERSIDE, SE18 Prices from £480,000 62 LONDON SQUARE BERMONDSEY, SE1 Prices from £895,000
Computer generated images for indicative purposes only. Computer generated images for indicative purposes only.
Royal Arsenal Riverside, developed by • Residents’ spa, gym & 20 metre London Square Bermondsey represents one • Gym
Berkeley Homes, is one of South East London’s swimming pool of the most exciting large scale residential • 24 hour concierge
most exciting riverside addresses. Occupying • 24 hour concierge re-development opportunities in SE1. The site
• Secure underground car parking
a prime location along the River Thames with is well connected for London Bridge, Borough
• Next to the Thames Clipper Royal • Art gallery & Studio space
a forthcoming Crossrail station opening this and Bermondsey all under 15 minutes’ walk.
Arsenal pier
year and retail hub including a pub, restaurant, Fashionable Bermondsey Street is 5 minutes • Office & retail space
M&S, pharmacy, dentist and day care. • Close to Woolwich (Royal Arsenal) away and the expansion of London Bridge will • Landscaped courtyards and gardens
station with DLR services to Bank provide further shops, bars and restaurants.
Completions from 2018.
• On future Crossrail line The development also benefits from a gym and
• Parking available at extra cost 24 hour concierge.
Estimated completion from Q4 2019.
City and East New Homes Broker Team
citybrokerteam@knightfrank.com brokerteam@knightfrank.com
+44 20 7718 5202 +44 20 8022 7477
70 | London New Homes London New Homes | 71OUR RESEARCH OUR SERVICE OFFERING
Knight Frank Global Research produces market-leading residential, commercial and Customer Care – property services
for UK & overseas investors
agricultural property reports and indices, as well as undertaking bespoke consultancy
Are you a landlord needing help with
projects. Our global network of offices, operating in over 50 countries, means we can overseeing your UK investment property?
carry out research virtually anywhere in world. Knight Frank’s dedicated Customer Care
team assists investors by providing a
one-stop shop for lettings & management,
furnishing solutions & finance.
Jenny Truong Victoria Fenton Freddie Hills
RESIDENTIAL RESEARCH RESIDENTIAL RESEARCH
Our goal is to provide a hassle free service jenny.truong@knightfrank.com victoria.fenton@knightfrank.com freddie.hills@knightfrank.com
RESIDENTIAL DEVELOPMENT whilst maximising return on investment +44 20 7861 1720 +44 20 7861 5459 +44 20 7861 1732
LAND INDEX
throughout your property ownership.
DEVELOPMENT LAND VALUES
LONDON
REMAIN STEADY IN Q3 For more information please contact:
The average value of English greenfield development land was
RESIDENTIAL
unchanged in Q3, as was the value of prime central London
development land. Urban brownfield site values slipped slightly
over the quarter, but on an annual basis are still outperforming.
REVIEW
Key facts Q3 2017 English greenfield land values were up
1.1% year-on-year in Q3, the second
In general, the prime central London land
market is showing signs of stabilising
Greenfield land prices were unchanged consecutive quarter they have been in after a period of deflation and this trend
in Q3, taking the annual rise in prices to positive territory after two years’ of is expected to continue over the next
1.1%, the biggest rise in more than modest declines in pricing. There is 12 months. Ian Marris, Joint Head of
AUTUMN 2017 two years now a steadier supply of greenfield
development land in many parts of the
Residential Development, said: “The liquidity
in the land market is low as sentiment is
market. This is likely to keep pricing level nervous however for the brave there is
There was no change in average prime value to be found. Deals are price sensitive
overall in the coming year, although there
central London land prices in Q3, with and risk needs to be appropriately analysed
is still potential for outperformance in
a 2.5% annual decline, the most and understood.”
some areas where sites are oven-ready
modest fall in prices since Q3 2015
and have access to good infrastructure. There are challenges for developers trying
to secure debt and equity funding, and
In urban areas, the continued price
Knight Frank Interior Services
Urban brownfield sites slipped on development economics must also account
growth in the urban brownfield land
average by 0.2%, taking the annual for the fact that there is, so far, little sign
index reflects continued demand in
change in values to 6.1% of any significant softening in construction
these markets (which can also be seen
costs. The weaker pound is boosting import
in the growth in house prices). While this prices, while the lack of resource in the
sustained demand will likely continue to labour market is also a key consideration for
underpin pricing, average land values developers currently active in the market.
remained broadly flat in Q3, suggesting
Knight Frank Interior Services is a world class
that pricing in some urban markets may “This is a market for the experienced who
have found its equilibrium. know and understand how to extract value
in uncertain times. That said, we believe
In prime central London, the decline in there is opportunity for investors who will
interior design service by the world’s largest
development land values shows continued be building out into a market, which,
signs of abating, with values down just over the next few years, looks to be
2.5% on the year, compared to a 10.3% extremely limited in respect of new supply,”
decline seen in Q3 last year. Mr Marris added.
FIGURE 1 FIGURE 2
independent property consultancy. Renowned
Residential development land prices Annual change in average land values
160
England Greenfield
Prime Central London
Urban Brownfield
15% England Greenfield
Prime Central London
for delivering consistent professional advice,
Urban Brownfield
Knight Frank Interior Services is best equipped
10%
140
5%
Index
120 0%
GRÁINNE GILMORE
Head of UK Residential Research
100
-5%
-10%
to advise you on the optimum way to present
your property for sale or let by applying our
Follow Gráinne at @ggilmorekf -15%
80
Sep-17
Dec-15
Mar-16
Jun-16
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Mar-17
Sep-11
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Mar-13
Jun-13
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Mar-15
Jun-15
Sep-15
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Mar-16
Jun-16
Sep-16
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Mar-17
Jun-17
Sep-17
Jun-17
For the latest news, views and analysis
on the world of prime property, visit
Lucy Day
residential market expertise.
Global Briefing or @kfglobalbrief Source: Knight Frank Research Source: Knight Frank Research
ResDev_Q3 2017_PRINT.indd 1 25/10/2017 11:26 lucy.day@knightfrankinteriors.com
THE DEMAND RECOVERY THE THREE-TIER LETTINGS MARKET BREXIT AND FINANCIAL SERVICES
Services include: property marketing, services +44 20 3286 1009
for sales and lettings, tailored interior design,
London review SUMMER 2017.indd 1 27/09/2017 10:50
furniture packages for landlords, tenancy
RESIDENTIAL RESEARCH
rental packages.
PRIME CENTRAL
RESIDENTIAL RESEARCH
UK RESIDENTIAL For more information please contact:
LONDON SALES INDEX MARKET UPDATE
SALES VOLUMES RISE IN WAKE ALL CHANGE?
OF BREXIT VOTE, BUT PRICES Chancellor Philip Hammond is preparing to deliver his Autumn Budget later
this month, with housing expected to feature heavily. Meanwhile, the Bank of
CONTINUE TO WEAKEN England raised interest rates for the first time in a decade.
A strong week for sales, following the vote in favour of Brexit, tells
us more about the pre-referendum market than about future trading
Key facts Nov 2017 Economic and housing September, but notably below the near 5%
growth reported a year ago. The market
market overview
conditions, argues Tom Bill. Average UK house prices are up
In what was a widely expected move, the
remains highly localised, with affordability
by 2.5% over the year to October, a key concern in many markets.
Bank of England raised interest rates
according to Nationwide
JUNE 2016 Average prices across prime central London weakness of sales prior to the vote, which in November. The official bank rate has
been lifted from 0.25% to 0.5%, the first UK house price change
fell in June by -0.2%, the weakest monthly has flattered more recent sales data. Annual, %
Interest rates were raised to 0.5% in increase since July 2007.
Prices fell -0.6% in the year to June 2016 result since November 2014. June’s result
While the reduction in asking prices has November, the first rate rise in a decade 15%
pushed annual price growth to -0.6%. This will be the first time some borrowers
boosted recent activity, it would be wrong to
will have ever experienced an increase in 10%
The prime central London yield was The index data for June largely covers the ignore market risks. An initial reading of post-
Knight Frank Finance
Prime central London prices for their mortgage payments.
3.1% in June, compared to 0.8% on a period leading up to the UK’s EU referendum. referendum data on new-buyer registrations 5%
existing homes edged up by 0.1%
ten-year government bond Weaker price growth, together with rising and viewings reveals both have slipped However, what happens next is likely to set
in October, taking the annual rate of the tone. Last month’s move was simply
0%
economic and market uncertainty surrounding back slightly compared to the same period
decline to -3.6% a reversal of the cut in August of last year
the European vote, has prompted vendors a month ago – although it is still very early to 6% -5%
The number of transactions in the week to reduce asking prices over recent months. draw firm conclusions. following the vote to leave the European
-10%
after the Brexit vote were 29% higher Prime English country home prices Union and means that the base rate is still
5%
This more realistic approach has resulted Looking ahead, political uncertainty in the UK
than the same week in May dipped by -0.1% in Q3, taking the at a historically low level. Another rate rise -15%
in an uptick in activity – most notably in the
Knight Frank Finance uses its relationship
will undoubtedly weigh on sentiment, and 4%
in the coming months would likely have
immediate aftermath of the referendum result.
annual rate of growth to 0.2% -20%
will be likely to last until at least the heads of a firmer impact on sentiment. It is also 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
3%
The number of new prospective buyers Following the referendum, in final week of terms of the new relationship between the worth noting that while economists are Source: Nationwide
between £5 million and £10 million rose June, the number of transactions across prime
UK and the EU are agreed. A reduction in Prime Scottish house prices edged forecasting more rate rises, they expect
with private banks to secure the most attractive
2%
8% in the year to June political risk, should allow mitigating factors up by 0.2% in Q3, with an annual that the base rate will be at 1% by 2020 – All eyes will now turn to the Chancellor,
London was 38% higher than the prior week
to kick in and support the London market. change in values of -0.3% still near record low rates.
1% Philip Hammond, as he prepares to deliver
and 29% higher than the final week of May.
the Autumn Budget on November 22nd,
Prices in the sub £1 million price This positive story has been widely reported, A cut in the UK base rate, while unlikely to 0%
the first major set piece following this year’s
deals for our clients, including terms, rates
bracket rose 0.4% in the 3 months to but what has often been missed is the fully translate into lower mortgage rates, UK2008 2009 2010 2011 2012 2013 2014 2015 2016
base rate v mortgage rates 2017
snap General Election in June. Housing
June 8% has leapt up the political agenda in recent
United Kingdom, Policy Rates, Bank Rate
FIGURE 1 FIGURE 2 2 Year (75% LTV) Fixed Rate Mortgage
months and is likely to feature heavily.
7%
and innovative funding packages to which
Price growth changes in prime central London Viewings increase in prime central London 5 Year (75% LTV) Fixed Rate Mortgage
6% The property industry’s wish-list for the
(Rolling three-month average, rebased to 100)
Chancellor is extensive covering both
5%
2.5% planning and policy. The Budget may be
high-street brokers do not have access.
4%
160 the opportunity for the Government to
12-month change
3% announce additional changes or support to
2.0%
6-month change 140 further boost supply.
GRÁINNE GILMORE 2%
TOM BILL Quarterly change
Monthly change
Head of UK Residential Research 1% Official housebuilding figures released this
Head of London 1.5% 120
month by DCLG showed annual housing
Residential Research 0%
For more information, please contact:
1.0% 100 “All eyes now turn to the 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
supply in England amounted to 217,350
net additional dwellings in 2016-17, up
Chancellor as he prepares Source: Bank of England
“Political uncertainty in the 15% on 2015-16.
80
to deliver the Autumn Households with a variable rate mortgage
UK will undoubtedly weigh on 0.5%
Stamp duty, which is payable on all
sentiment, and will be likely to Budget on November will be most affected by the 0.25% rate
David Hall
60 residential purchases, remains another
rise. While it is likely that mortgage rates
last until at least the heads of 0.0% 22nd, the first major set sticking point. It is seen as a barrier to
on new home loans will rise slightly, the
terms of the new relationship 40 piece following June’s move is unlikely to have an impact on
moves up and down the housing ladder,
david.hall@knightfrankfinance.com
between the UK and the EU -0.5%
20
General Election.” overall pricing.
as well as for those saving for a deposit.
There is speculation that first-time buyers
are agreed.” Follow Gráinne at @ggilmorekf Across the UK, average house prices may see some change in stamp duty
-1.0%
Follow Tom at @TomBill_KF 0 rose by 2.5% over the year to October, rules, which emerged as new data shows
For the latest news, views and analysis
Jul-15
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on the world of prime property, visit our according to the latest data from that the levy raised £9.4bn in the year to
For the latest news, views and analysis
blog or follow @KFIntelligence Nationwide. This was a slight pick-up from September, taking receipts to a record high.
on the world of prime property, visit
Global Briefing or @kfglobalbrief Source: Knight Frank Research Source: Knight Frank Research
RMU Nov_v4.indd 1 16/11/2017 17:10
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