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It's a First-Time Buyers' Market

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It's a First-Time Buyers' Market Wednesday 10 January 2018 At the sales Homes& Small shops with big bargains Property Page 22 NEW HOMES: THE OPPORTUNITY AREAS P4 DESIGN TRENDS IN 2018 P14 SPOTLIGHT ON ELEPHANT & CASTLE P26 It’s a first-time buyers’ market The budget boroughs: where to search PagePage 6 JULIET MURPHY London’s best property search news: homesandproperty.co.uk 2 WEDNESDAY 10 JANUARY 2018 EVENING STANDARD Homes & Property | News £2.75 million: take a leaf Trophy home of the week out of the Duke of Northumberland’s book and join the aristo set by the river buy a retreat by the Thames, PA less than a mile from home with fabulous kitchen/ Buyers’ market: latest figures show sales of London homes are well down on pre-recession levels Richmond at Isleworth. dining/living space at ground Fitzroy Gate may not be level, then up to a first-floor Syon House, but it is home to reception room with French a collection of grand homes windows out to a terrace set in private parkland, overlooking the gardens and including this exquisite grounds. Luxury bedroom Be a tough trader five-bedroom townhouse, suites follow, along with a reached by a gated entrance. further terrace off a media An impressively wide room at the top. Through in a slow market hallway leads into the plush St James (020 8012 6094). HE number of homes changing hands are not too bad, but people are finding it hard to Lifechanger in London is running at about half the trade up.” The worst-affected areas include levels seen before the recession. New expensive boroughs in Zones 1 and 2, according of the week Office for National Statistics data to the official figures. Last year only 1,700 homes Guesthouse to reveals that last year just over 52,000 sold in Camden but in 2007, the borough saw Thouses and flats were sold across the capital, 3,503 sales. In the City of London just 150 homes fund a Cornish compared with more than 92,000 in 2007. were sold last year. And in Wandsworth, where Two years ago the number of London sales thousands of new flats at Nine Elms have come seaside lifestyle appeared to be reviving, partly due to an influx on to the market, a comparatively modest 3,422 of overseas buyers, with more than 62,000 deals properties were sold. At the peak of the market £650,000: if your New Year done. But the evaporation of international inter- in 2007 6,666 homes changed hands there. Resolution is to head south est and investors in central London, tougher Winners include affordable Newham, where west, this Cornish corker is mortgage lending rules, high deposits, increases 2,160 homes were sold last year, up from 1,814 in ready for business and raring in stamp duty and jitters over Brexit mean those 2007. However, this increase has to be seen in the to go in Falmouth — a lively, gains have now been lost. context of massive housebuilding in the Olympic historic port and harbour The figures are backed by UK Finance, formerly borough, dramatically boosting its profile and town that’s a summer crowd the Council of Mortgage Lenders. It found that in supply. In the outer suburbs the market was also pleaser with its cosmopolitan 2007 more than 70,000 mortgages were granted slow. Fewer than 1,000 homes were sold during vibe, galleries, castle and in the capital. Last year this number halved, to the year in six suburban boroughs: Barking & glorious sandy beaches. over four floors. There’s a beaches, along with about 35,000. Dagenham, Bexley, Harrow, Havering, Kingston Newly renovated, this breakfast room and lounge restaurants and shops, are Lucian Cook, director of residential research at upon Thames and Redbridge. guesthouse has nine bedroom for guests, kitchen, on the doorstep. Through Savills, agrees with the findings, saying: “It is more suites, each with ample space conservatory and private Miller Countrywide (01326 of a buyers’ market, which is a complete turna- O For Ruth Bloomfield’s full story and more detailed and sleek bathrooms, spread owners’ living space. Lovely 455033). round on two years ago. First-time buyer numbers figures, visit homesandproperty.co.uk London buy of the week a boutique flat near all the action at new-look Elephant & Castle Editor: £495,000: in a prime location just off Walworth Janice Road, a short walk from the Morley Elephant Park regeneration area and the Tube, is this ground-floor flat within a VISIT homesandproperty.co.uk/ newly built development. rules for details of our usual Inside feels like you’ve promotion rules. When you stepped into a boutique respond to promotions, offers or hotel, showcasing luxe competitions, the London Evening details and high-spec Standard and its sister companies may contact you with relevant appliances in a 20ft open- offers and services that may be of plan living/dining and interest. Please give your mobile kitchen area lit by floor-to- number and/or email address if ceiling glass doors out to a you would like to receive such private garden area off the offers by text or email. lounge. Plush style is also found in the bathroom and bedroom, streamlined by ample Editorial: 020 3615 2650 storage and a full-height Advertisement manager: picture window. Available Ann Finan chain-free through Urban Advertising: 020 3615 0266 Spaces (020 8012 3725). Homes & Property, Northcliffe House, 2 Derry Street, Kensington, By Faye Greenslade London W8 5TT. EVENING STANDARD WEDNESDAY 10 JANUARY 2018 3 homesandproperty.co.uk powered by News | Homes & Property Rags-to-riches tale Scully learned of ultra-glam block how to love N1 É A FORMER Bayswater hostel where rooms cost from £10 a night has been É GILLIAN ANDERSON so enjoyed turned into a luxury apartment block her day helping young north London with penthouses from £4 million. schoolchildren with their reading Rebranded Bayswater Apartments, she’s bought a house in a nearby right, the boutique block in Inverness street. The star — forever famed as Terrace, moments from Hyde Park, FBI special agent Dana Scully in cult was transformed by developers MHA US sci-fi TV series The X-Files — has London. It links two stuccoed Grade bought a seven-bedroom, four- Denise is Outen II-listed buildings, where 300 hostel bathroom listed Georgian semi in the beds have made way for 10 very Barnsbury conservation area, above about in London fancy flats with a daytime concierge. right, after spending time with pupils The pièce de résistance is a three- at the local William Tyndale Primary É DENISE VAN OUTEN has left the bedroom 1,872sq ft duplex with a School to promote the Reading Aloud country life behind to make London master suite that wouldn’t look out of campaign. her home again. The TV presenter place in a five-star hotel. With The actress, who wore a black one- has moved to Hampstead where interiors queen Sophie Conran among shoulder dress, right, at the Golden Betsy, her daughter with Casualty neighbours, style was bound to be key Globes this week in solidarity with the star ex-husband Lee Mead, goes to in this impressive project, listed with #MeToo movement against sexual school. The former marital home, a Kay & Co and Knight Frank. harassment in the entertainment 17th-century farmhouse in Kent, is industry, snapped up the property for now on the market for £1.25 million. £4.65 million and is expected to move The four-bedroom, three-bathroom in any day — much to the delight of home, above, being sold through starstruck N1 neighbours. Jackson-Stops, has original oak Mother-of-three Anderson, 49, beams and wooden frames. There is always puts her stamp on homes she an Aga and lovely landscaped buys and has given 13 properties a gardens. However, the quiet makeover so far. She sold her six- countryside just wasn’t working for bedroom Georgian house in Van Outen, who is now busy Clerkenwell for £3.6 million last year, introducing seven-year-old Betsy to having paid £2.89 million in 2012 and London landmarks, West End given it a boho-style refurbishment. musicals and walks along Southbank. Her housewarming party should Things are going swimmingly with By Amira Hashish attract plenty of local luvvies, who the star’s oil broker boyfriend Eddie include actor Kenneth Cranham and Boxshall, with the couple, below, Canadian actress Neve Campbell. thought to be set to move in together. Got some gossip? Tweet @amiranews GETTY Let’s hope he loves north London. You’ve sold to Mr Bond, Martin. Cheer up! ÉJAMES BOND star Daniel and is said to offer all of the Craig and his Oscar-winning Brooklyn character that Craig and actress wife Rachel Weisz, left, Weisz were seeking. The 6,600sq ft could be heading for Brooklyn. home has just had a new roof and The A-list couple keep a repair after a major fire on the top London base — a house floor last year. in Queen’s Park they’ve Covering four floors, the had since they married home has a stunning terrace in 2011 — but are now with views of Manhattan. thought to be the British actress Emily Blunt mystery buyers of lives just round the the New York corner, while Hollywood brownstone sold by favourites Olivia Wilde British novelist and Michelle Williams Martin Amis, inset. have also invested in the Built in 1901, the neighbourhood — so Craig house, right, was on the and Weisz will be in glitzy GETTY market for £4.9 million REX company. SPLASH NEWS GETTY 4 WEDNESDAY 10 JANUARY 2018 EVENING STANDARD Homes & Property | New homes homesandproperty.co.uk powered by OLLOW the money this year and buy in one of Mayor Sadiq Khan’s Opportunity Areas where 650,000 new homes are promised under Fhis London Plan.
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