Autumn projects ripe for launching
THE LAST petals of summer may be curling but new developments are blooming, as the autumn buying season approaches. There are several property launches this weekend alone — especially good news for under40s taking their first step on to the property ladder.
Royal Crescent, the latest release at lakeside development Stanmore Place, will be for sale from the weekend. Developer St Edward is offering 36 apartments in this phase, with openplan living areas and on-site amenities including a gym, 24-hour concierge, car-share club and business centre.
Here 11 properties, starting at £475,000, are available under Help-toBuy London, the Government’s financial aid package, lending up to 40 per cent of a property’s purchase price with a deposit of just five per cent.
Close to Canons Park underground station, Stanmore Place has almost 800 one- to three-bedroom apartments and penthouses overlooking landscaped gardens and a lake with fountains. Agent is Preston Bennett New Homes.
The same agent is organising the launch of six houses at Beckley Row Open-plan living at Stanmore Place; Preston Bennett launches the new phase this weekend in Letchford Terrace, between Hatch End, north Harrow and Harrow Weald. The three-bedroom properties, some with Help To Buy, are a short walk from Headstone Lane overground station. Prices start at £565,000.
Preston Bennett is part of Hamptons International, which is marketing Cotton Exchange in Stoke Newington, north London, another launch this weekend. The first phase of the converted factory consists of 35 loft- style apartments and includes original brick feature walls and exposed steel beam, oak flooring, balconies and terraces, low-energy lighting, a communal lounge and concierge. Prices start from £375,000.
Those shoots of economic growth seen three years ago at the end of the recession are now a floribunda of property development. Prices are rising, despite the imminent possible economic weedkiller of Brexit. According to the charity Shelter, in under four years’ time first-time buyers will need to earn £106,000 a year to buy the average home, which will cost £558,000 and require a deposit of £138,000.
Already in prime central London, some renters are signing contracts for up to 10 years. Some commentators predict the result of this will be a more “lightweight” city, with more renters and home owners prepared to up sticks and move to a better deal. EDITED BY CHARLIE JACOBY
APARTMENTS are for sale in Europe’s tallest residential skyscraper.
Next to Canary Wharf in London’s Docklands, Spire London fronts the 30 acres of water in West India Quay. It consists of 861 apartments, of which 765 are for private sale. They have one to three bedrooms and there are three-bedroom duplex apartments, too.
Built by Chinese developer Greenland Group, the 771ft-high, 67-storey residential tower provides a hotel-style concierge, shops, residents’ gardens and a 35th-floor spa and bar. Apartments are priced from £595,000 for 999-year leases, through agents CBRE and Jones Lang LaSalle. Elevated bedroom, Spire London