Make yourself at home in Barnsbury this year at The Old Vicarage, a beautiful Grade II listed detached property, set in the much sought after Islington location. The substantial detached property offers approximately 5200 sq ft of fabulous entertaining and social space, with comfortable living accommodation set over four storeys. The building is set on its own sizeable grounds with a detached garage.

The exterior of The Old Vicarage

The exterior of The Old Vicarage

Built in circa 1845 this fine home offers a formal reception area, three further reception rooms, study/library and a wonderful country kitchen. An elegant duplex master bedroom suite takes in delightful views of the landscaped garden. Five further bedrooms and four further bathrooms add to highly flexible family accommodation. The beautiful landscaped garden to the rear of the property is a wonderful addition to this Barnsbury home. This is a rare opportunity to acquire a highly desirable property set within an iconic Islington location with approved permission to extend.

Living space at The Old Vicarage

The large living area at The Old Vicarage

Fabulous space for entertaining

The property provides fabulous rooms for entertaining

The garden provides ample space for the whole family to enjoy

The garden provides ample space for the whole family to enjoy

Viewing of The Old Vicarage is strictly by appointment only. To arrange an appointment please contact James Neilson or Sarah Curtis on 020 7226 4200. 

Rachel Khoo in her Hackney kitchen (Image Credit: Lara Messer)

Rachel Khoo in her Hackney kitchen (Image Credit: Lara Messer)

Chef and food writer, Rachel Khoo, has put her Hackney property on the market. The apartment, located just off Well Street in this resurgent area of Hackney might be modest in size, but is packed with space saving ideas and Khoo’s unmistakable design stamp.

Rachel Khoo's distinct kitchen style

Rachel Khoo’s distinct kitchen style

Rachel, best known for her cookery programme ‘The Little Paris Kitchen’, has made the most of the 594sqft of space. In the open plan kitchen and living area, a foldaway dining table ensures that entertaining and living space are both catered for, while a desk in the second bedroom turns into a bed. Fans of her show will be delighted to see that the kitchen is both beautiful and practical for enthusiastic home cooks and teh chance to cook like Khoo. There is also the added bonus of a small roof terrace for alfresco dining.

The living area opens onto a roof terrace

The living area opens onto a roof terrace

The space saving desk that transforms into a bed

The space saving desk that transforms into a bed

Well Street is gradually transforming. A new monthly market is opening from January 2016 and new shops, bars and coffee shops are popping up all the time. This is a great opportunity to get in now before the crowd follows.

£435,000

All enquiries to Currell, Victoria Park 020 3222 5555

 

Nord One, an exclusive new development of five freehold houses located in Islington, is within close proximity to Angel and King’s Cross.

Beautifully designed interiors at Nord One

Beautifully designed interiors at Nord One

The houses have been built on the site of what was a public house in years gone by. All five houses are finished to a  high specification, with real attention to detail throughout and beautifully designed interiors and layouts. Each of the properties also benefits from an area of outdoor space.

Copenhagen Street sits in the highly desirable Barnsbury area of Islington and is a short walk away from the busy hub of Upper Street, packed with its high street and boutique shops, as well as large selection of restaurants and bars. King’s Cross St Pancras with its International and national rail services is also easily accessible from the development.

The houses are designed to flood the living space with light

The houses are designed to flood the living space with light

The interiors at Nord One are finished to the highest specification

The interiors at Nord One are finished to the highest specification

There are two 3 bedroom and three four bedroom properties available priced from £1,395,000. To register for more information please contact our New Homes team on 020 7226 6611 or email newhomes@currell.com

At the Christmas party the 2015 Currell Staff Awards were announced, celebrating the individual and team achievements of staff across the company. As well as the usual awards for top negotiators and Employee of the Year, 2015 saw the introduction of the Rising Star Award, an award programme based on recognising talent and promoting excellence within the company.

Currell 2015 Awards

Daniel Pisa – Employee of the Year (Voted for by Currell Staff)

David Gwinnutt – Top Sales Negotiator

Donato Lacovara – Top Lettings Negotiator

Tracey Gregory – Top Sales Negotiator (on units sold)

Sandy Sitlani – Top Lettings Negotiator (on units let)

Sabrina English – Good Client Feedback

Bradley Suter – Anne Currell & Chris Currell Discretionary Award

Freddie Daniels – Rising Star Award

Beverley Hedge – Top Fee Earner, Commercial

Paolo Puccinelli – Runner-up Top Fee Earner, Commercial

Victoria Park – Outstanding Sales Team

Islington – Outstanding Lettings Team

Marketing – Outstanding Support Team

The first ever Rising Star award had eight participants.To be eligible to take part, an employee must hold a junior position and have been with Currell no more than a year. The process involves a variety of team building exercises, presenting an assigned project to the Directors and an in-depth interview. The winner, who receives a £500 prize and the opportunity for fast progression, was chosen by Anne Currell, Chris Currell and Chris Beckwith.

Well done to all our staff for their amazing efforts throughout 2015, and especially to all our fantastic award winners. We hope you all had a great night and wish you a very happy New Year!

Currell Christmas Party 2015!

insolvency seminar

Chris Currell was invited to speak at the Oxford Insolvency Seminar, hosted by Darbys at their Oxford HQ. The event on the 2nd December was a sell-out event.

Joining Chris and also speaking at the seminar were Louise Worton and James Davies of 3 Paper Buildings, Clive Everitt of Shaw Gibbs, Prisca Bradley of Darbys Solicitors and Mena Halton of Manolete Partners PLC.

Chris’s presentation at the seminar focused on ‘Valuing property – Current issues and obligations.’ Other topics discussed on the day included Sections 216 and 217 of the Insolvency Act, Insolvent Deceased Estates and Collective Redundancies and Protective Awards.

Caroline Benfield, Team Leader and Associate of Darbys Insolvency Team said following the Seminar “The Seminar has become such a popular event for Insolvency Practitioners, it is great to see so many people attending what is such a useful and informative Seminar.”

darbys.co.uk

3pb.co.uk

shawgibbs.com

manolete-partners.com

George Osborne’s focus on housing in his Autumn Statement could be good news for first time buyers.

As well as pledging up to £2.3bn in funding to private developers to build 400,000 new homes in England, he announced some changes to the Help to Buy and shared ownership schemes. This is a clear indication of the government’s desire to promote aspirational home ownership, particularly for first time buyers in London.

Martin Fillery, Head of Affordable Homes at Currell, explains what the changes to both schemes could mean for you.

Housing has become a key issue in the 2015 General Election

Osborne’s policies could be good news for first time buyers in the capital

‘Help to Buy Shared Ownership’

Shared ownership allows people to buy a share of a home rather than the whole house and then buy a greater share over time as they can afford to, with a subsidised rent payable on the remainder of the property.

Shared ownership properties are currently allocated in several different ways including some criteria set by local authorities, for example in many instances buyers need to live or work in the local area or be a key worker.

The new regulations of Help to Buy shared ownership will lift the current salary threshold limits so that anyone who has a household income of less than £80,000 outside London and £90,000 inside London, can buy a home though shared ownership and only military personnel will be given priority over other groups. The scheme will apply across England.

Shares will be available between 25% and 75% of a home. The rent on the rest of the property will not be more than 3%.

‘London Help to Buy’

Help to buy equity loans are already open to both first time buyers and home movers on new build homes in England with a purchase price of up to £600k.

Currently if you are able to pay at least 5% of the value of the home as a deposit, the government will lend you up to 20% of the rest of the value of the property, alongside your mortgage of up to 75%.

Equity loans will now be available until 2021 and to reflect the current property market in London, from early 2016 the government will increase the upper limit for the equity loan it gives to new buyers within Greater London from 20% to 40%.

With a London Help to Buy equity loan:

  • You’ll need to contribute at least 5% of the property price as a deposit
  • The Government will give you a loan for up to 40% of the price
  • You’ll need a mortgage of up to 55% to cover the rest

 

If you would like to discuss shared ownership or Help to Buy with a member of our team please phone 020 7704 5618 or email affordablehomes@currell.com

George Osborne delivered his Autumn Statement this week and housing was once again high on the government’s financial agenda.

Here we focus on the new 3% surcharge on stamp duty for buy to let properties and second homes, which will be introduced in 2016. Osborne hopes that this surcharge will create £1bn of funding, to go towards the creation of 400,000 new homes and fund the extended Help to Buy and Shared Ownership schemes.

We speak to three members of the Currell team to get their opinion on the effect this new surcharge could have on the market.

Changes to stamp duty could discourage small scale buy-to-let investors

Changes to stamp duty could discourage small scale buy-to-let investors

Simon Davidson, Commercial CEO

The new surcharge on stamp duty, announced in the Autumn Statement will undoubtedly have a significant impact on the buy to let sector of the residential market. Whether it means investors will just look to reduce their offer by the same amount will only become clear after April. It will probably mean that there is a short term flurry of activity in the sector in the run up to this being implemented.

It is not yet clear how this will be differentiated for large scale investors such as corporates and funds, but the Chancellor’s statement did say the increase in stamp duty would not apply to these entities.

It will mean sales of new build developments will be much more heavily focused on the UK domestic market i.e. owner occupiers.

The longer term impact will potentially result in higher rents as landlords try to recoup their increased purchase costs and investors seeking alternative asset classes which still provide exposure to the UK housing market.”

Anna Ainsworth, Head of Residential Investment & Development

The new surcharge has angered many private Landlords who buy-to-let and people in the industry are generally voicing the end of buy-to-let as a viable investment vehicle.

The additional surcharges alongside changes in Capital Gains Tax which place further pressure on these property investors will undoubtedly effect this market and sales of this nature will fall dramatically once the changes come in to place.

In the short term, before the changes come into place, we may see a peak in buy-to-let sales as buyers rush to beat the April date.

It’s important to acknowledge that commercial property investors don’t appear to have been targeted in the same way.  It is thought that those with 15 or more properties will be exempt from the new charges which means it may well push the smaller investor out of this market but a market will still exist for commercial investors who are acquiring PRS property.”

Paul Whish, Head of Lettings

As well as the new 3% surcharge, a second announcement revealed a Capital Gains Tax (CGT) surprise on exit. From April 2019, a payment on account of any CGT on the disposal of residential property will be due just 30 days after completion. This compares to the current rules where the settlement of the tax due can be anything up to 21 months after disposal depending when in the fiscal year the sale occurs

This announcement is on top of the removal of mortgage interest relief over a 4 to 5 year period announced in the summer. If we add to this stringent new regulations for rental property management and the requirement to do “Right-to-Rent” checks by all landlords from 1st February 2016, it seems the government is doing what it can to take the heat out of the buy-to-let market

Tenants may feel the impact as this may shorten the supply of rented accommodation and drive up further the cost of rents.

Landlords who have maximised their borrowings (and therefore exposure) in the hope of continuing to enjoy capital growth may now seek to sell part or their entire portfolio as any such properties which are standing at a gain are disposed before CGT acceleration is due.”

 

If you are an investor and you would like to speak to a member of our team about your residential portfolio please feel free to get in touch.

Simon Davidson, s.davidson@currell.com

Anna Ainsworth, a.ainsworth@currell.com

Paul Whish, p.whish@currell.com

Our Discover East resource centre, which focuses on the large scale regenerative changes in east London, has been bookmarked by industry expert David Spittles.

“Currell has opened a Discover East resource centre that is worth visiting, showing the regeneration plans and projects in and around Fish Island.”

In his latest article for the Evening Standard’s dedicated property supplement, Homes & Property, David focuses on Stratford and the area’s post-Olympic progress and picks up on our work in Discover East and the  He puts particular emphasis on the so called ‘Olympicopolis’, an £850 million project to make Stratford one of London’s newest and best cultural quarters. Plans include a new Victoria and Albert Museum, the relocated campus of the London College of Fashion and a Sadler’s Wells theatre and choreography school.

As part of these changes, Boris Johnson recently announced plans to bump Stratford Station from Zone 3 to Zone 2, showing, as Boris says, “the shifting economic map of London.”

It is these ambitious plans that form the focus of our Discover East resource centre, and the effect they will have in particular on the relatively undiscovered areas of Hackney Wick and Fish Island.

Our interchangeable 3D model at the Discover East resource centre

Our interchangeable 3D model at the Discover East resource centre

The office plays host to an extensive 3D interchangeable model, highlighting proposed changes to the infrastructure, planning and developments in the area, as well as dedicated research to this very special part of the city. We are working alongside the London Legacy Development Corporation (LLDC) to ensure our information is as accurate as possible as we continue to move forward.

To arrange a time to view the model and discuss the area with a member of our New Homes East team, call 020 3826 4888 or email discovereast@currell.com

To read the original article click here

Issue 02 of The Linen Draper: The Urban Food Issue has landed in our offices and online!

To read about some amazing artisan food producers that are here on our doorsteps in north and eats London, as well as find the best property on the market, pop into one of our local offices or click here to read it online.

A sneak peak of some of our top stories inside the issue…

A feature property with big a difference

A feature property with big a difference

Our lead story this issue...Urban Food Fights Back!

Our lead story this issue…Urban Food Fights Back!

A fishy trip to Forman & Son

A fishy trip to Forman & Son

 

If you are interested in your business or charity featuring in an upcoming issue of The Linen Draper please email Gina at thelinendraper@currell.com

The Batten, the next phase at Packington Square, is now available

A stunning collection of new 1 and 2 bedroom fashionable apartments at The Batten, N1, overlooking a new garden square in Islington, just moments from the Regent’s Canal.

The apartments’ interiors have been designed by Conran and Partners and draw on ‘Modern British’ style influenced by nearby Islington Village and its industrial heritage. They include classic materials such as ceramic wood grain flooring and porcelain and ceramic tiles in order to give a feeling of light and space.

Conran designed interiors at The Batten, N1

Conran designed interiors at The Batten, N1

All the apartments have either a balcony or a private terrace, with many apartments looking out over the landscaped communal green at the centre of the development.

The Batten is the latest phase in the successful Packington Square development by The Hyde Group & Rydon that is due to complete in 2016. It is in an unrivalled London location close to fashionable Islington and Upper Street’s eclectic mix of shops, restaurants and cafes. It is also within easy reach of two of London’s most vibrant creative hubs, Shoreditch and Hoxton.

There are one and two bedroom apartments available, with prices starting from £490,000 for a one bedroom apartment.

For more information, please call the New Homes team on 020 7226 6611 or email newhomes@currell.com