CBRE Hot 100 The winners of ’s residential market Contents

Boroughs to buy in 03

Tallest completed towers in London 07

Tallest future towers in London 08

Niche developments 09

Riverside schemes 11

First-time buyer locations 13

Most expensive commuter 17

Most affordable commuter towns 17

Addresses 19

Crossrail winners 21 3 | 4

Top 10 1. Camden 2. 3. Richmond upon Thames 4.

Boroughs to buy in Average house price: Average rent (pcm): Average house price: Average rent (pcm): Average house price: Average rent (pcm): Average house price: Average rent (pcm): £3,844 £1,804 £2,215 £1,840

Average Yield: Average Yield: Average Yield: Average Yield: We have considered a number of economic and housing 4.5% 5.3% 4.9% 5.5% market metrics to identify the 2013 price growth: 2013 price growth: 2013 price growth: 2013 price growth: with the most potential for capital growth over the 11% 9.4% 8.6% 9.8% next few years. The metrics include demographic £687,539 £380,656 £514,439 £428,742 trends, forthcoming regeneration and infrastructure As a borough, Camden boasts an array of Despite being relatively close to Central Richmond is also popular because of its The north of the borough is now one of the improvements, the rental market, house price trends desirable areas; from the bustling market London with good transport links in and village-like appeal, aided by its expansive most popular spots in London, following and the socio-economic backdrop. and lively music scene that is Camden out, Merton is one of London’s quieter park and enviable riverside location. It also huge culture-led regeneration over the last itself, to the well-heeled celebrity boroughs and manages to provide a leafy, has good schools and a strong sense of ten years. This rapid change along the hang-out of Primrose Hill, and then village-like atmosphere. This is particularly community, which continues to attract new Southbank has encouraged a surge in ultimately topped by the leafy expanse of the case in the most popular and affluent families to the area. Its population is confidence across the rest of the borough, Heath. The borough has a areas, such as Wimbledon. However, it still expected to grow by 16% over the next which has previously been neglected. Now, strong reputation as both a trendy young provides a more affordable alternative to its decade. This population is also increasingly 40% of Southwark is ear-marked for district, and a traditional village-like area. typical competition, Richmond and . affluent; Richmond is now the least regeneration. For example, Elephant and It is no surprise that its housing market has Merton’s reputation is strengthening and as deprived borough in London. One of the Castle is set for a complete transformation. out-performed most of the rest of the such, the local population is expected to borough’s key strengths from a house From a long-term investment perspective, capital, with average growth of 11% over the grow considerably, by 21% over the next purchase perspective, is the fact that its Southwark has huge potential; definitely one last year, and 100% over the last ten years. decade. This will put considerable pressure housing market is mature and robust of the best boroughs to buy in. on house prices. housing market which is resilient to wider The regeneration towards the south of economic uncertainty. the borough will add yet another string to Camden’s bow. Camden already Our Tip: Our Tip: Our Tip: Southbank houses three of London’s busiest and largest rail stations, with one of the most comprehensive international services, and Kings Cross is undergoing a serious overhaul outside the station. There are 5. City of 6. 7. Kingston upon Thames plans to deliver 50 new buildings, 2,000 new homes, 20 new streets and Average house price: Average rent (pcm): Average house price: Average rent (pcm): Average house price: Average rent (pcm): 10 new public squares. £5,091 £2,043 £1,621 Underlying demographics will also heighten Average Yield: Average Yield: Average Yield: demand. Population growth in the region of 4.3% 4.5% 5.3% 19% is expected over the next decade. This The Top 10 equates to an additional 40,700 people in 2013 price growth: 2013 price growth: 2013 price growth: the borough. This, coupled with Camden’s 3.8% 11.2% 6.7% strong price performance, helps explain £829,251 £421,228 £342,297 why it is our top borough to buy in. 1. Camden

2. Merton Our Tip: Westminster is an exclusive borough, Many parts of Wandsworth have very Kingston is one of the most popular London reserved for high net worth buyers, who mature and robust housing markets, such boroughs for families; it has some of the 3. Richmond upon Thames will continue to be very active. Overseas as Balham and Wandsworth Common, best schools, the lowest crime rates and is 4. Southwark buyers consider London to be a safe but the northern part has traditionally the second least deprived borough across haven for investment, particularly in the dragged behind. However, the extensive the whole capital. Similar to neighbouring 5. prime markets within Westminster. We regeneration of and Nine Elms Merton, it is considered a nice place to 6. Wandsworth anticipate this will be an ongoing trend. is completely transforming the area and bring up a family, yet has remarkably quick 7. Kingston upon Thames Furthermore, the few pockets within the shifting people’s perceptions. This stretch links into the centre of London. It is also borough that are currently underperforming of Wandsworth is becoming an extension relatively affordable. Its popularity is 8. are due to undergo complete makeovers. of London’s prime markets, hence the mounting, with population growth of around 9. Hackney For example, Court Road and double-digit house price growth over 23% expected over the next ten years. This will benefit from Crossrail. the last year. sits against a backdrop of consistently low 10. Kensington and Chelsea housing supply, which is pushing up prices.

Our Tip: Victoria Our Tip: Wandsworth Town Our Tip: Kingston Town 5 | 6

8. Islington 9. Hackney 10. Kensington & Chelsea Top 10

Average house price: Average rent (pcm): Average house price: Average rent (pcm): Average house price: Average rent (pcm): Boroughs to buy in £2,211 £2,174 £6,840

Average Yield: Average Yield: Average Yield: 4.9% 5.4% 4.1%

2013 price growth: 2013 price growth: 2013 price growth: 8.8% 12.8% 7.5% £539,203 £474,202 £1,168,479 1. Camden 5. City of Westminster Islington has a range of attributes. It has Hackney has grown rapidly in popularity Similar to Westminster, Kensington and a diverse cultural offering and a vibrant over the last decade, and this is reflected Chelsea is one of the most exclusive night-life, yet a quieter cafe culture in the doubling of house prices. As with boroughs in London and demand for 8. Islington environment in many parts. It is also the heaviest concentration of young property is unrelenting and far-reaching. It remarkably close to the City. The borough entrepreneurs and creatives, it has an is home to both the UK and global elite, appeals to a range of buyers; young enviable reputation as one of the coolest with the former having played an professionals, families and students, boroughs in London. It has also been a increasingly prominent role in the market 9. Hackney as well as those who have lived and key beneficiary to waves of regeneration over the last year. The depth and breadth of 10. Kensington & Chelsea remained in the borough for decades. and infrastructure improvements over the demand for real estate in this area, Population is expected to grow by 16.5% last decade. Now the general uplift in the particularly against the backdrop of acutely over the next decade; an additional area is being matched with the constrained supply, has helped it 34,000 people. It is unlikely that the development of high quality residential consistently out-perform the wider market housing supply will keep pace, with only accommodation. We expect house prices over the last five years. 4,750 units in the planning pipeline. to increase significantly as a result. 3. Richmond Our Tip: City Road Our Tip: Our Tip: upon Thames

4. Southwark

7. Kingston upon Thames

6. Wandsworth

redevelopment of Broadway

2. Merton 7 | 8

Top 10 Top 10 Tallest completed towers in London Tallest future towers in London

The Shard The Tower, The Landmark Stratford Halo Pioneer Point Woodberry Park The Landmark One Nine Elms Arrowhead Quay One Lansdowne Principal Place Cross / One St George’s North (City Pride) Road Vauxhall Square ‚‚Sellar Property ‚‚Charlegrove ‚‚Genesis Housing ‚‚Empire Property ‚‚Berkeley Homes ‚‚Dalian Wanda (Waterside House) ‚‚Brookfield Europe Wharf ‚‚Charlegrove ‚‚Guildhouse UK Ltd ‚‚CLS Holdings Group Properties Ltd Association Group ‚‚Completed ‚‚59 storeys ‚‚Ballymore Group ‚‚50 storeys ‚‚St George Properties ‚ ‚ ‚‚Completed ‚‚Completed ‚‚Completed ‚‚Completed autumn 2012 ‚‚436 apartments ‚‚55 storeys ‚55 storeys ‚‚243 apartments ‚50 storeys ‚‚Completed ‚ summer 2012 summer 2010 summer 2013 summer 2011 ‚75 storeys ‚‚750 apartments ‚‚377 apartments ‚‚410 apartments summer 2013 ‚‚27 storeys ‚‚Planning ‚‚Planning ‚‚87 storeys ‚‚44 storeys ‚‚43 storeys ‚‚33 storeys ‚‚792 apartments ‚ ‚‚Planning ‚‚Planning ‚ ‚‚298 apartments permission ‚Planning permission ‚50 storeys ‚‚Planning permission permission ‚‚10 apartments ‚‚647 apartments ‚‚410 apartments ‚‚267 apartments ‚‚Average £455 psf application ‚‚213 apartments permission ‚‚Estimated ‚‚Average £700 psf ‚‚For rental market ‚‚For rental market £50m each ‚‚£0.8m – £8.5m

Pan Peninsula Strata The Heron The Distillery Park Place (Heron Morello Tower Cuba Street Quay Sections I/III) development ‚‚Ballymore Group ‚‚Brookfield Multiplex ‚‚Heron Corporation ‚‚Galliard Homes ‚‚Menta ‚‚St George ‚‚ ‚‚Ayken Group ‚‚Completed ‚‚Completed ‚‚Completed ‚‚Completed ‚‚55 storeys ‚‚50 storeys Group Development Ltd autumn 2008 summer 2010 summer 2013 summer 2013 ‚‚458 apartments ‚‚274 apartments ‚‚58 storeys ‚‚52 storeys 100 ‚‚48 storeys ‚‚43 storeys ‚‚36 storeys ‚‚28 storeys ‚‚Planning ‚‚Under construction 100 ‚‚493 apartments ‚‚736 apartments ‚‚310 apartments ‚‚284 apartments ‚‚214 apartments permission ‚‚356 apartments ‚‚Planning ‚‚Average £900 psf ‚‚Average £830 psf ‚‚Average £1,300 psf ‚‚£485 psf ‚‚Planning application application expired 90 90

80 80

70 70 t (storeys) t h Heig 60 60

50 50

40 40

30 30

20 20 9 | 10

Top 10 Niche developments 2. Bvlgari Residence This central development completed in 2012 and has an 85 room Nestled in the hidden hotel and 8 luxury apartments. One apartment reportedly sold for £100 million streets of prime central (c£7,000 per sq ft). London, often refurbished 3. The Walpole period properties, niche A prestigious Oliver Burns development with 5 apartments in the heart of . developments provide Bvlgari Residence Seymour Street The penthouse achieved a record price for 2 6 buyers with the opportunity the area at £4,542 per sq ft. to live in a wide variety 4. The Russell of locations. These This boutique development by Capital and developments boast lower Counties consists of 5 luxurious apartments service charge, individual overlooking the Piazza in Covent Garden. apartment layouts and 5. 26 Albemarle Street interior design to appeal to This development by Glebe received planning permission in March 2012 and a broad buyer base. Our top consists of 5 luxury apartments in the heart ten developments under of Mayfair. ten units include: 6. Seymour Street The interiors have been developed with Edward Phillips to provide contemporary 1. The Lansbury design apartments in the new build rear 4 The Russell of the building and a more classical design A boutique development by Finchatton, in the historical Listed Building element of sitting in the heart of Knightsbridge on the the development. corner of Basil Street overlooking Harrods. The 3,002 sq ft penthouse sold within 24 hours of being launched in January 2013. 7. 37 Square Five stunning apartments all with direct views of the green of Soho Square have the highest level of specification with bespoke interiors. The Top 10 8. Buckingham Street Positioned over five floors, seven self-contained units, one to three bedroom 1. The Lansbury apartments and commericial units on the 2. Bvlgari Residences ground. Completion Q4 2014. 3. The Walpole 9. 353 Strand 4. The Russell A striking period property houses just 4 5. 26 Albemarle Street apartments. The stone facade echoes the beauty of the adjacent 6. Seymour Street and the luxurious interiors are designed 7. 37 Soho Square with meticulous attention to detail. 8. Buckingham Street 10. The Hat Factory 9. 353 Strand A sympathetic redevelopment of a former 10. The Hat Factory hat factory in a prime Oxford Street location, this scheme features a range of quirky apartments, which were particularly 9 353 Strand 10 The Hat Factory popular with British buyers. 11 | 12

Top 10 Riverside schemes

A river-fronting apartment is a highly sought after Southbank Place Neo Bankside asset, especially when that Southbank Place is set to This Southwark based tower A mixed-use scheme by become one of the most is being developed by CIT Native Land, was completed river is The Thames, which recognisable and sought Developments and will in January 2013, providing a runs through some of the after developments not only deliver a total of 191 private total of 217 residential units. on the but also units over 42 storeys. The development consists of most desirable locations Battersea Power Station in the heart of the Capital. Completion is due late 2015/ four blocks; two of these in the capital. It is no The substantial mixed use The 600 units, many with early 2016 and units have not have sold out, one block of redevelopment of Battersea stunning views, will benefit yet been released to. 56 units has been retained surprise, therefore, that Power Station in from 24 hour concierge Apartments are now for rental and in the river-fronting schemes Wandsworth is being service, gym and spa available for sale. remaining block, 8 units are undertaken by a consortium facilities, residential library available for sale. To date, accounted for half of all of SP Setia Berhad, Sime and business suite and sales have averaged £1,361 of the fastest selling schemes Darby and Employees 18,000 sqft of retail space. per sq ft. Provident Fund and will Lots Road Power Station in 2013. Our top picks are: provide 3,444 new homes. This mixed use development =3 Construction is due to begin by Hutchinson Whampoa =3 9 imminently and the first Properties sits across phase of the development & Fulham and 6 is now almost sold out. Kensington & Chelsea. There 1 However, detailed pricing are two sites which will has not been released. deliver 717 units. Preparation works are underway, but no sales marketing activity has started yet. Riverwalk House This 121 unit scheme is being developed by Ronson Capital Partners, with completion due in late 2015. Average prices of around £2,300 psf. 8 One Blackfriars One Blackfriars is a mixed use The Top 10 scheme in Southwark. It will consist of three new buildings incorporating 274 private 5 7 units, 64 of which will be in the 1. Southbank Place 50-storey tower, formerly 2. Fulham Riverside 10 known as Beetham Tower. One Tower Bridge 3. = South Bank Tower The developers, Berkeley, This Berkeley development Fulham Riverside have recently commenced is progressing well with 3. = One Blackfriars Developed jointly by L&Q construction with completion seven blocks under and Barratt, this 463 unit due at the end of 2015. The construction and sales 5. Battersea Power Station Riverlight scheme is located in scheme has been marketed averaging £1,595 per sq ft. 6. One Tower Bridge Fulham and is currently Berkeley’s mixed-use in Hong Kong but no formal Completion is due in 2016. 7. Riverlight achieving sales of over scheme in Wandsworth is sales information has been There will be a total of £1,000 per sq ft. currently under construction released. 356 units. 8. Riverwalk House and due for completion in Q3 On completion, due in 2017, 2014, providing a total of 806 9. Neo Bankside the development will also 2 units spread across 6 10. Lots Road Power Station provide a new Sainsburys buildings. 392 units have superstore totalling sold to date averaging 101,000 sq ft. £1,026 per sq ft. 13 | 14

Top 10 First-time buyer locations 1. 2. Stratford 3. 4.

Average flat price Average flat price Average flat price Average flat price st fo st for t fo st fo be r: be : bes r: be r: The improving economy and lending environment, £183,359 £212,047 £335,538 £238,017 coupled with government initiatives such as borough average: borough average: borough average: borough average: Help to Buy, is providing a more opportunities £183,821 £207,248 £370,299 £236,765 Annual house Annual house Annual house Annual house price growth: price growth: price growth: price growth: for first-time buyers. r N e t e y G R d n w it en n eg n ev me 4.5% c un -4.3% t tio 10.5% e io 9.4% Our sales demonstrate first-time buyers have a elop omm rifica nerat range of criteria and spending power. We have Average property prices in Croydon are The Olympics triggered substantial This is one of the most affordable locations Lewisham is well positioned and has good looked across a range of metrics, including among the lowest in London, providing investment and wholesale regeneration of in Zone One, and only ten minutes from transport links, into both the City and great entry level housing for first-time the Stratford area. As a result, Stratford and the City. Elephant and Canary Wharf, yet property still affordability and the potential for growth to buyers, and excellent value for money. now has leading infrastructure and is a key Castle is at the heart of one of the capital’s remains affordable. identify our top ten first-time buyer locations in There is also significant potential for value public transport hub. Stratford has also most dynamic boroughs; 40% of Southwark uplift over time, making it a great become a key retail district, with the is currently under regeneration, with the Regeneration will play a major part in London to satisfy this diverse group. investment play for those getting their first prominent Westfield Shopping Centre. This total of current new development valued at Lewisham’s appeal to new buyers and has foot on the housing ladder. is all helping lift the residential market, as it circa £4bn. the potential to raise values. A major becomes a much more desirable place to collaboration between Lewisham Council, The once dreary part of South London is live. The former athlete’s village will help Regeneration plans are extensive and will the Authority, Transport for now undergoing major regeneration; the create an almost ‘instant’ community drive forward the area’s gentrification. They London and developer Lewisham Gateway mayor has committed over £1bn to around the Queen Elizabeth Park. involve creating a new pedestrianised town Developments Limited will completely transform the local economy and centre, market square, 5,000 new and transform the town centre. Lewisham rejuvenate the town centre. Meanwhile, the Crossrail will give Stratford an even bigger replacement homes, up to 450,000 sq ft of Gateway incudes the development of Hammerson and Westfield joint venture boost with the additional lines reducing retail space, and integrated public transport shops, restaurants, bars, cafes and new plans will completely transform Croydon’s journey times and increasing capacity. hub and five open green spaces. leisure facilities, around 700 new homes, a retail offering, similar to the ‘Westfield new park and a new town. effect’ that we have seen take place in Stratford. 5. Barking 6. 7. Canary Wharf As investment pours into the commercial Average flat price Average flat price Average flat price t fo st fo st fo element and confidence mounts, the area is bes r: be r: be r:

now starting to benefit from improvements £143,764 £213,351 £361,311

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in the residential offering, with a number of borough average: n borough average: borough average:

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high-end schemes underway. Even the L

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s o i t most desirable are relatively affordable by £134,306 e £323,392 £355,295 c v c t a i a o London’s standards; for example, Saffron Annual house t r Annual house r Annual house il price growth: i t price growth: V price growth: p o s Square is currently selling at an average of a & t n i The Top 10 l y e n d e t l £295,000 (£430 per sq ft) and Rosefair’s ue n nt me 8.8% o ia for mo 2.6% ertain financ 3.1% Island scheme, which is also close to the town centre, is now roughly half sold, with 1. Croydon average values of £375,000 (£430 per sq ft). Barking is currently London’s most Best known for the national football Canary Wharf is already a vibrant place to 2. Stratford This is attracting interest from City workers, affordable borough. This in itself makes it stadium, Wembley is undergoing a live and it will only become more desirable especially given its 15 minute commute into hugely appealing to first-time buyers, as significant revival, particularly from a retail as it grows. This is occurring relatively 3. Elephant and Castle London Bridge and Victoria. potentially one of the few locations where and entertainment perspective. Previous naturally, as a result of the strengthening 4. Lewisham they actually can get on the first rung of CBRE research has shown that the value of economy and in particular, the financial and the ladder. residential developments within the inner business services sector. But also, the 5. Barking fringe of London increases by £170 per sq ft addition of Crossrail at Canary Wharf will 6. Wembley Aside from this, Barking is also going to for every 10% increase of retail. Wembley’s increase capacity by 50%, triggering a 7. Canary Wharf benefit from one of the most ambitious and population will benefit from the addition of huge wave of new development. important new developments in the UK, at 350,000 sq ft of retail space. 8. Ealing Barking Riverside. This is a 443 acre site Furthermore, Canary Wharf is no longer 9. Aldgate close to Barking Town Centre that has The most exciting element will be the just a residential destination for those in the permission for 10,800 new homes along the designer outlet village; first of its kind within financial sector, but rather it appeals to a 10. Fulham river, along with substantive supporting the M25, offering 70% discount on top much broader demographic as it becomes development. brands, it is already boosting footfall to more dynamic an area. the area. 15 | 16

Top 10 8. Ealing 9. Aldgate 10. Fulham First-time buyer locations

Average flat price Average flat price Average flat price st fo st fo st fo be r: £354,999 be r: £420,000 be r: £627,034

borough average: borough average: borough average:

M £293,717 £628,144 £527,294

a t t e Annual house Annual house Annual house 10. Fulham u k R r r price growth: price growth: i price growth: e a v n e o 9. Aldgate re m C r ti s ial 9.0% it g N/A sid ca 12.0% ident y Livin e lo 6. Wembley 2. Stratford Traditionally popular with families, Ealing One of our most central locations, Aldgate Fulham is already one of the most is an established residential location that has much higher entry level prices than sought-after places to own property in has managed to remain relatively most of our locations. However, values are London, this is reflected in its high entry 8. Ealing affordable. It also has great road links – still 15% lower than in the City itself, and at level pricing. However, as a more 5. Barking to the M40, M4 and the M25 – as well as only a short walk from Shoreditch and affordable alternative to neighbouring good rail and tube links. Brick Lane, it is a hugely popular choice for Chelsea, it is proving popular with the many City-based first-time buyers. more affluent first-time buyers, albeit The addition of Crossrail will boost predominantly those backed by The Ealing’s appeal considerably, as journey Aldgate is also a good investment Bank of Mum and Dad. times into are cut by option; it is benefitting from the outward around half an hour. The infrastructure expansion of the City and experiencing The Fulham market is a mature housing improvements are also occurring in tandem rapid regeneration as new high quality market with considerable depth and with significant regeneration efforts around developments spring up around the breadth in demand, particularly from cash Ealing Broadway station, which will help financial district. Furthermore, Aldgate will rich buyers. This has provided it with lift the entire area. also be another Crossrail beneficiary. additional insulation from wider economic shocks over the last five years.

4. Lewisham

redevelopment of Ealing Broadway 3. Elephant & Castle 1. Croydon 17 | 18

10 Stevenage Top 10 Luton Average house price £189,674 Average house price 7 £157,012 Braintree Commuter towns 3 Travel time 24 mins Travel time 29 mins Season ticket cost £4,660 Average house price £198,094 Season ticket cost £4,816 Travel time 61 mins Many Londoners will, at some Tring Season ticket cost £5,060 Average house price point, consider moving out into £389,515 8 the suburbs. Rapidly rising Travel time 37 mins Hatfield Season ticket cost £4,756 house prices are putting yet more Amersham 4 Average house price £199,814 Harlow Travel time 26 mins pressure on affordability, while Average house price £453,752 Average house price £154,325 Season ticket cost £3,628 2 the desire for space to suit growing Travel time 36 mins Travel time 34 mins Season ticket cost families increases the pull of the £3,160 Season ticket cost £4,276 capital’s more leafier surroundings. 5 However, as this trend increases, Beaconsfield house prices in many sought-after Gerrards Cross suburban areas also increase. Average house price £918,987 1 Average house price £669,816 Travel time 22 mins 2 Travel time 22 mins So does it really make financial Season ticket cost £3,696 Basildon Season ticket cost £3,216 sense to move out and commute into Average house price £163,121 1 Maidenhead Travel time 33 mins London? Our analysis indicates Slough Average house price £388,742 Season ticket cost £3,748 that it does in the ‘new towns’ – 9 Average house price Travel time 26 mins 8 £236,824 Travel time the original commuter towns of Season ticket cost £3,604 31 mins Basildon, Stevenage, Harlow and Season ticket cost £3,176 LONDON Luton. In contrast, in some highly 6 9 desirable locations you will pay Gravesend Windsor nearly as much for your country Average house price £207,959 Reading Average house price £444,026 6 pad as a place in the city. Travel time 24 mins Travel time Average house price £203,914 41 mins Season ticket cost £3,816 Season ticket cost Travel time 31 mins £3,404

Season ticket cost £4,856 Reigate The Top 10 The Top 10 Average house price £425,935 Travel time 39 mins Sevenoaks Most Affordable Most Expensive 10 Average house price Season ticket cost £3,352 3 £536,530 1. Basildon 1. Beaconsfield Travel time 34 mins 2. Harlow 2. Gerrards Cross Fleet 4 7 Season ticket cost £3,848 3. Luton 3. Sevenoaks Average house price £364,286 4. Hatfield 4. Travel time 47 mins Guildford

5. Crawley 5. Amersham Season ticket cost £4,420 Average house price £435,355 6. Gravesend 6. Windsor Travel time 37 mins 7. Stevenage 7. Reigate Crawley Season ticket cost £4,104 8. Slough 8. Tring Average house price £191,723 9. Braintree 9. Maidenhead 5 Travel time 40 mins 10. Reading 10. Fleet Season ticket cost £4,008 19 | 20

Top 10 Addresses 2. The Knightsbridge London is one of the most sought after locations in the world and certain addresses The scheme boasts impressive reception within London’s golden postcodes are truly the place to own a trophy property. Looking areas, award-winning landscaped communal gardens and a world-class at larger schemes only, here are our top ten addresses. leisure suite. 3. De Vere Gardens Stealth marketing is underway at Lancer Property Asset Managements 97 apartment development in Kensington; due to 1. One Hyde Park complete in Q1 2014. This PGGL scheme was designed by Roger Stirk Harbour + Partners, with interior 4. Holland Green design by Candy & Candy, sits in the heart This 62 apartment scheme by Chelsfield of Knightsbridge. It completed in 2010 and will be grouped around the proposed new provides a total of 86 luxury apartments, home of the Design Museum in Kensington. two of which remain available for sale. The Due to complete at the end of 2014. apartments offer unrivalled luxury and onsite services delivered by the Mandarin 5. Ebury Square Oriental Group. This Berkeley development of 71 private Many of the sales have been confidential apartments in , Westminster is 9 Grosvenor Square and as such, pricing details have remained due to complete in summer 2014. quiet (in some ways, this has only added to the mystique). 6. The Lancasters Originally an elegant parade of 15 stucco-fronted Grade II listed houses which were transformed into 77 homes with views of Hyde Park. Sales values averaged just shy of £2,500 per sq ft. 7. Grosvenor Crescent Completed in 2011, this development by Grosvenor converted 8 grade II listed townhouses in Belgravia into 15 luxury apartments. The largest is 10,800 sq ft. The Top 10 8. Cornwall Terrace This magnificent Grade I listed Regency terrace features eight unique, large and 1. One Hyde Park elegant properties. Excellent location, 2. The Knightsbridge situated at the south-west corner of Regent’s Park, overlooking the lake. 3. De Vere Gardens 4. Holland Green 9. Grosvenor Square 5. Ebury Square This address will undoubtedly become one of the best in London, once properties 6. The Lancaster in new developments are available to 7. Grosvenor Crescent purchase here. 8. Cornwall Terrace 10. Fitzroy Place 9. Grosvenor Square This scheme comprises 235 apartments in 10. Fitzroy Place W1 that have been meticulously designed and specified like a small boutique 1 One Hyde Park development scheme, with all the amenities 10 Fitzroy Place a buyer should expect of a luxury scheme. 21 | 22

Top 10 Crossrail winners Farringdon Acton The impact of Crossrail Paddington Average House Price Average House Price on London’s property Average House Price £677,016 £357,035 Average House Price market will be huge. It £826,350 Total House Price Average House Price Canary Wharf Average House Price Total House Price Growth 2013 – 2018 St. £178,836 Growth 2013 – 2018 Total House Price £306,765 Average House Price Custom House will cut journey times Growth 2013 – 2018 28% £349,237 Average House Price Total House Price 26% Growth 2013 – 2018 from some areas into Total House Price £474,547 Average House Price Total House Price 24% £650,315 Growth 2013 – 2018 Average House Price Growth 2013 – 2018 Total House Price £205,156 23% Central London by up to 1 Total House Price 23% Growth 2013 – 2018 £272,136 22% Growth 2013 – 2018 40 minutes, increase the 2 Total House Price 3 20% Growth 2013 – 2018 Total House Price 19% Growth 2013 – 2018 4 capital’s network capacity 5 19% 6 19% by 10% and trigger a 7 8 wave of regeneration 9 above ground. As such, 10 we expect it will add around 13% to house prices along the Crossrail line by the time it becomes operational in 2018. However, there will be 40% HOUSE PRICE INCREASE 40% some stand-out winners. (percentage)

30% 30%

20% 20%

The Top 10 10% 10%

1. Farringdon 0 0 2. Acton 3. Paddington 4. Abbey Wood 10 10 5. Whitechapel 6. Hanwell 20 20 7. Canary Wharf 8. Liverpool Street 9. Custom House 30 30 10. Woolwich TIME SAVING Bond Tottenham 40 Ealing Broadway Street Court Road into centre of London (minutes) 40 23 | 24

Jennet Siebrits Helen Gray Mark Collins Lisa Hollands

Source: Land Registry, , Molior, EGi, National Rail, Head of Residential Research Residential Research London Residential London Residential Crossrail, National Statistics, Rightmove. Senior Director Associate Director Chairman Managing Director

T: +44 (0) 20 7182 2066 T: +44 (0) 20 7182 2068 T: +44 (0) 20 7182 2264 T: +44 (0) 20 7420 2004 Disclaimer: These Top 10 lists have been compiled from our extensive research, E: [email protected] E: [email protected] E: [email protected] E: [email protected] analysis and expertise in the field. However, it is partly a subjective exercise and as such it reflects the views and opinions of CBRE research team.

CBRE cbre.co.uk/residential