Hous­ing prices blos­som near parks

The Jewish Chronicle - - CLASSIFIED -

PARK­SIDE PROP­ER­TIES have 70 per cent higher price tags. That is the con­clu­sion of re­search by on­line es­tate agent eMoov. It looked at the av­er­age cost of a prop­erty in eight UK cities and com­pared it with the price of prop­erty sur­round­ing the city’s best and biggest parks.

Lon­don tops the list of UK cities for price dif­fer­en­tial and Hamp­stead in the north west beats Rich­mond in the south west.

The av­er­age Lon­don house price is £603,422 but eMoov re­veals the Lon­don park av­er­age is £1,105,366 (83 per cent higher) and the Hamp­stead Heath av­er­age is £1,320,985. The Rich­mond Park av­er­age is £810,279 and in Hyde Park it is £1,831,411. At the other end of the scale, Crys­tal Palace Park’s av­er­age is £458,788.

Four5Two is a new devel­op­ment in Hamp­stead, within walk­ing dis­tance of the heath. Prices start at £1.1 mil­lion for two-bed­rooms, through Glen­tree New Homes. Com­ple­tion is due later this year.

Bar­ratt is building at Hamp­stead Reach, which beats the av­er­age park­side price. The six houses and 39 apart­ments here are de­signed in the style of the Arts and Crafts move­ment, with water fea­tures and a pri­vate res­i­dents’ court­yard. There is a 12-hour concierge, un­der­ground park­ing, CCTV, bi­cy­cle kitchen area) stor­age and a ho­tel-style lobby. Prices start at £995,000 through Glen­tree.

At the other end of the scale, Eliot House on The Bish­ops Av­enue, N2 con­sists of five apart­ments and three houses, from £5.5 mil­lion. Glen­tree is joint agent with Knight Frank.

At the lower-priced end of the mar­ket, look at Wem­b­ley, where Coun­try­side’s Park­side Place is avail­able with Lon­don Help to Buy.

One-bed­room apart­ments mea­sure 581 sq ft; two-bed­rooms 722 to 859 sq (right, the liv­ing/ ft, all with a pri­vate bal­cony or ter­race. This scheme is op­po­site Barham Park, with its ma­ture trees, water fea­tures, flower beds and peace­ful walled gar­den. The newly re­leased Prim­rose, Re­gent and Kens­ing­ton build­ings stand around a com­mu­nal gar­den. Res­i­dents of the Kens­ing­ton also have ac­cess to a court­yard.

One-bed­room apart­ments start at £350,000; two-bed­rooms at £435,000 and three-bed­room du­plexes at £525,000. Three-bed­room town­houses are also avail­able from £599,995. Un­der Lon­don Help to Buy, just a five per cent de­posit is needed, with the govern­ment pro­vid­ing an eq­uity loan for up to 40 per cent of the pur­chase price, in­ter­est-free for the first five years.

The most af­ford­able good-qual­ity city park in England is in Manch­ester, says eMoov. There the av­er­age city house price is £167,284 and the city park av­er­age just £180,110.

Manch­ester’s park-ad­ja­cent prop­erty val­ues are not as ex­pen­sive as those in EDITED BY CHAR­LIE JA­COBY Liverpool, where a park adds a pre­mium of 7.6 per cent.

Prest­wich For­est Park prop­erty costs £193,904 and Heaton Park, £198,202, while Wythen­shaw Park is £19,059 be­low the city’s av­er­age with a price tag of £148,225.

Rus­sell Quirk, chief ex­ec­u­tive of eMoov, says: “With the ris­ing prices across Lon­don, af­ford­able prop­erty sur­round­ing parks is be­com­ing al­most im­pos­si­ble to find, although Crys­tal Palace of­fers a slight ray of light.”

Lon­don Help to Buy makes homes af­ford­able at Coun­try­side’s Park­side Place, Wem­b­ley

from £350,000

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.