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CHELSEA RIVERSIDE

MARKET INSIGHT REPORT CHELSEA RIVERSIDE CHELSEA RIVERSIDE

INTRODUCTION

WELCOME TO THE KNIGHT FRANK INSIGHT REPORT FOR CHELSEA RIVERSIDE IN . HERE YOU WILL FIND INFORMATION THAT SERVES AS AN INTRODUCTION TO THE AREA IN TERMS OF ITS HISTORY, HERITAGE AND CULTURE, EDUCATION, CONNECTIVITY LINKS AND THE EXCEPTIONAL NEW RIVERSIDE SURROUNDINGS AROUND THE LOTS ROAD AND CHELSEA CREEK.

IN ADDITION, MARKET INSIGHT FROM KNIGHT FRANK’S HIGHLY RESPECTED RESEARCH TEAM, CREATED SPECIFICALLY FOR THIS REPORT, WILL HELP GUIDE YOUR DECISIONSHyde Park REGARDING

BUYING OR RENTING IN CHELSEA RIVERSIDE. Hyde Park Corner 19 ad Road ngton Ro Kensi

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Sloane Square 04 Earl’s Court With a marina, shops, restaurants and bars, Chelsea Riverside is just a stroll from the vibrant heart d B a 15 e o 09 of old chelsea, with its legendary boutiques,a michelin-starred R restaurants and nightlife. u m d f a d a C o lh a o h r u o R e t R l S F ’s l s t g ta e r in i a Chelsea is one of the oldest Westareas Brompton in London, and derivese its name from an old EnglishK term meaning p B et s Pimlico o rid H l ge “landing place on the river”. It is therefore appropriate that the long-running regeneration of this former a y CHELSEA 17 o Ro R ad industrial site includes a yacht-filled marina at , along

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01 CHELSEA PHYSIC GARDEN 10 LOTS ROAD AUCTIONS 19 DINNER BY HESTON BLUMENTHAL 02 CADOGAN GARDENS 11 MIU MIU 20 606 CLUB 03 CHELSEA DESIGN CENTRE 12 GORDON RAMSAY RESTAURANT 21 CHELSEA FOOTBALL CLUB 04 DUKE OF YORK SQUARE 13 PARTRIDGES 22 ONE LDN 05 HARRODS 14 ROYAL ALBERT HALL 23 TESCO EXPRESS 06 BLUEBIRD CHELSEA 15 SAATCHI GALLERY 24 CLIP N CLIMB 07 HARVEY NICHOLS 16 THE BOTANIST 25 THE ROSE PUB 08 IMPERIAL COLLEGE LONDON 17 THE IVY CHELSEA GARDEN 26 SANTA MARIA PIZZERIA 09 LE COLOMBIER 18 VICTORIA AND ALBERT MUSEUM CHELSEA RIVERSIDE CHELSEA RIVERSIDE

A NEW STANDARD OF LIVING

CHELSEA RIVERSIDE COMPRISES SOME OF THE MOST EXCEPTIONAL NEW RIVERSIDE DEVELOPMENTS IN LONDON, INCLUDING CHELSEA WATERFRONT AND CHELSEA CREEK. THESE SOUGHT AFTER HOMES NEIGHBOUR ESTABLISHED CHELSEA HARBOUR AND IMPERIAL WHARF.

Exterior, Chelsea Creek* Chelsea Creek bridge*

CHELSEA WATERFRONT CHELSEA CREEK

Chelsea Waterfront is a development of 434 luxury apartments built Chelsea Creek by St George has created a new waterside quarter around the iconic opened in 1904. offering a stunning selection of apartments and penthouses all within With its distinctive twin turrets, the power station – now called minutes of the King’s Road. In total the mixed-use development will the Metropolitan Building, it forms the centerpiece of the Chelsea deliver 489 homes with half the site dedicated to public open space, Waterfront development, along with two residential towers sitting including canal side gardens and tree lined avenues. beside the river. Designed by leading architect Sir Terry Farrell, The latest phase, Fairwater House, features a beautiful selection it occupies over 11 acres of land, with three new bridges crossing of one, two and three bedroom apartments and duplex penthouses. the landscaped gardens and waterways. All have custom designed kitchens, open plan living areas and Residents will benefit from a private health and fitness club, balconies or terraces off the main living space. The development with spa and a pool, and many apartments will have some of the also offers a selection of completed 3 bedroom duplex penthouses most extraordinary views in London. in Lockside House, furnished by award winning interior designers. Set for completion in 2020, the high specification apartments These high specification penthouses come complete with expansive will include kitchens with stone work surfaces, marble bathrooms, terraces and a private garage. underfloor heating and comfort cooling, with direct lift access to Exclusively for residents, Chelsea Creek offers a spa, gym, sauna Kitchen, Chelsea Creek Interior reception, Chelsea Waterfront* each apartment from the underground car park. There is also a and swimming pool with a steam room as well as a 24 hour concierge 5 star concierge service. for your convenience and underground car parking. With restaurants, bars, shops and transport at Imperial Wharf right on the doorstep, it is a perfectly positioned location with views of tranquil waterways and easy access to Chelsea Old Town and the King’s Road.

Swimming Pool, Chelsea Creek Aerial view, Chelsea Waterfront*

*Computer generated images for indicative purposes only

CHELSEA RIVERSIDE CHELSEA RIVERSIDE

A BRIGHT FUTURE

Exterior, Chelsea Creek*

Chelsea Riverside has seen demand increase as buyers have Thames, whilst the Chelsea Island development by Hadley Property sought out better value homes than those within the traditional prime Group will provide further vibrancy. London locations. Properties in Chelsea Riverside provide a seamless Riverside locations remain popular with owner occupiers in all extension to the prime Chelsea postcodes, but with a more competitive market conditions, while the thriving retail and leisure offerings in the price per square foot. development – and proximity to Chelsea’s King’s Road – makes it an More developments in the area are planned, one in particular attractive area for renters who want to experience the lifestyle. As such, encompassing the gasholder site on Imperial Road, which will property in the area is likely to be an excellent long-term investment. effectively close the gap between the King’s Road and the River

Interior reception, Chelsea Creek

EDUCATION

Some of the UK’s best universities and colleges are easily accessible from Chelsea Riverside. The London School of Economics is less than 30 minutes away by train, and the Royal College of Art, the only postgraduate university dedicated to art and design in the world, is just a 15 minute commute. Parents are spoilt for choice when looking for schools: every one in the borough of Kensington & Chelsea was rated ‘Good’ or ‘Outstanding’ in 2017 by Ofsted, the UK government’s education inspector, making it the best-performing area in London. Many of the top fee-paying schools are also close by, including Chelsea’s Garden House Prepatory School, less than ten minutes drive away, and Eaton Square Upper School – a 20 minute drive or 30 minute commute. Chelsea Academy, an Outstanding-rated state funded school for 11-18 year olds, is just a five minute stroll away on Lots Road, whilst Thomas’s Battersea, another Outstanding-rated independent preparatory school for 5-12 year olds, is only a 16 minute commute by car.

Aerial view, Chelsea Waterfront* Timings are approximate. *Computer generated images for indicative purposes only CHELSEA RIVERSIDE CHELSEA RIVERSIDE

HERITAGE AND CULTURE

CHELSEA IS ONE OF THE OLDEST AND MOST COLOURFUL AREAS OF LONDON, FOR HUNDREDS OF YEARS ASSOCIATED WITH ROYALTY, ARISTOCRACY, ARTISTS AND ENTREPRENEURS. WITH FORMER RESIDENTS RANGING FROM OSCAR WILDE TO MICK JAGGER, MARK TWAIN TO JW TURNER, AND ROYALTY FROM HENRY VIII TO THE DUKE AND DUCHESS OF CAMBRIDGE, IT REMAINS A TRULY INTERNATIONAL NEIGHBOURHOOD.

The most famous street in the area is Children are also well catered for with the King’s Road. It was the epicenter of Gambardo, an indoor soft play centre, which a cultural revolution in the 1960s, where attracts families from across London. legendary figureheads such as Mary Quant In addition, a wide boardwalk along the and Vivienne Westwood made their names. Thames and Imperial Wharf has large areas It was frequented by almost every famous rock of public parkland with playgrounds. band, from the Rolling Stones to the Beatles. Adults have the opportunity to work out at The Sex Pistols partied here after helping start ONE LND, a boutique gym, with personal trainers the punk movement in Vivienne Westwood’s available and a myriad of different classes. boutique, and it was home to numerous For those who are after some culture recording studios where some iconic 60s and or an enjoyable day or night out, there is 70s bands recorded their most famous albums. the nationally-renowned 606 Jazz Club on Originally King Charles II’s private road, Lots Road, the Karen Hardy Dance Studios, leading from St James’s Palace to , it is Chelsea Fine Arts or Chelsea Physic Garden now home to some of London’s most fashionable for example, but for a more lively night out, restaurants, bars and designer shops. there’s Jak’s or Embargo Republica. And with A true international neighbourhood, Chelsea useful facilities such as a local supermarket, Riverside is a location that provides every Hilton Double Tree Hotel, flower stalls and possible amenity. With a number of popular neighbourhood shops, you have everything gastro pubs, Mediterranean and Middle that you could need, close by. Eastern restaurants, cafes and coffee shops, any taste and occasion can be accommodated. CHELSEA RIVERSIDE

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t r e With Imperial Wharf Overground Station close by, Chelsea Riverside provides an alternative, more scenic commute into the City’s financial e t Victoria is just one stop from Station to the south; one of district and Canary Wharf. South Kensington the busiest stations in Europe, it provides direct trains to Waterloo and For the increasing number of cyclists now on London’s roads, Gloucester Road 02 Victoria, Gatwick Airport, and the South East and West. Chelsea Riverside is next to a Cycle Superhighway, a dedicated cycle 16

To the north, Station is just over five minutes’ walk away lane from Chelsea, along the Victoria Embankment next to the Thames 04 providing access to the on the network. right through to the City of London. Earl’s Court The Thames Clipper service, accessible from , d B a 15 e o 09 a R u m d f a d a C o lh a o h r u o R e t R l S F ’s l s t g ta e r in i a West Brompton e K p B et s Pimlico o rid H l ge a y Imperial College CHELSEA 17 o Ro R ad

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01 CHELSEA PHYSIC GARDEN 10 LOTS ROAD AUCTIONS 19 DINNER BY HESTON BLUMENTHAL 02 CADOGAN GARDENS 11 MIU MIU 20 606 CLUB 03 CHELSEA DESIGN CENTRE 12 GORDON RAMSAY RESTAURANT 21 CHELSEA FOOTBALL CLUB 04 DUKE OF YORK SQUARE 13 PARTRIDGES 22 ONE LDN 05 HARRODS 14 ROYAL ALBERT HALL 23 TESCO EXPRESS 06 BLUEBIRD CHELSEA 15 SAATCHI GALLERY 24 CLIP N CLIMB 07 HARVEY NICHOLS 16 THE BOTANIST 25 THE ROSE PUB 08 IMPERIAL COLLEGE LONDON 17 THE IVY CHELSEA GARDEN 26 SANTA MARIA PIZZERIA Chelsea Harbour Pier 09 LE COLOMBIER 18 VICTORIA AND ALBERT MUSEUM CHELSEA RIVERSIDE CHELSEA RIVERSIDE

CHELSEA AND CHELSEA AGE AND TYPE OF HOUSING STOCK FOUND RIVERSIDE BUYER PROFILE IN CHELSEA RIVERSIDE 2016-17 RESEARCH BUYER AGE

KNIGHT FRANK OFFICES INCREASINGLY REPORTING POSITIVE GROWTH

The proportion of Knight Frank’s prime London offices reporting positive Land Tax. That trend is now showing signs of reversing, and in March the PROPERTY TYPE PROPERTY AGE annual house price growth declined in the wake of reforms to Stamp Duty proportion of offices reporting positive house price growth reached 28%. FLAT 80% PRE 1900 48% Dec 2014: Stamp Duty reform more offices reporting price growth TERRACED 20% 1900-1939 5% 1945-1972 7% 100% 1973-1999 17%

75% 2000-PRESENT 23% 20s 30s 40s 50% 50s 60s 70+ Source: VOA

25% FORECASTS 0 more offices reporting price falls

-25% BUYER OCCUPATION Pricing in prime London appears to be stablising following two years of declines. Growth in house prices and rents are likely to be muted this year with rising -50% momentum from 2019, according to Knight Frank forecasts.

-75% Prices in prime central London west are forecast to climb by 12.6% by 2022. Rents in prime central London are forecast to climb by 11% during the same period. -100% July October January April July October January April July October January April July October January April 2014 2015 2016 2017 2018

Source: Knight Frank Research SALES PRICE FORECASTS ANNUAL CHANGE

5% PRICING COMPARED 4% City/Finance Entertainment/Sports 3% Estimated current resale values within a twenty minute walk of Chelsea Riverside. 2% Entrepreneur Industry Inherited 1% Other Professional Property 0% 2018 2019 2020 2021 2022

Prime central London west SALES IN CHELSEA Prime outer London Source: Knight Frank Research AND CHELSEA RIVERSIDE

RENTAL FORECASTS ANNUAL CHANGE

4% 3% 2%

1% 0%

-1%

-2% Up to £1m £1m to £2m £2m to £5m 2018 2019 2020 2021 2022 Chelsea £5m to £10m £10m to £15m Over £15m Riverside Prime central London Source: Knight Frank Research Prime outer London Source: Knight Frank Research Source: Knight Frank Research Important Notice © Knight Frank LLP 2018 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank LLP to the form and content within which it appears. Knight Frank LLP is a limited liability partnership registered in w ith registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names.

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