Quadra is an exclusive new development in a prime location within London Fields park in Hackney, within a stone’s throw of Broadway Market and a short walking distance from all the amenities of central Hackney.

The highly desirable collection of one and two bedroom apartments is targeted at the over 55s. There is no restriction on the age of purchasers, but at least one resident of each apartment must be 55 or over.

Built in two clusters around a landscaped courtyard, the apartments are arranged in a staggered layout which provides every apartment with a park view. All apartments are dual-aspect to maximise natural light and ventilation.

The contemporary interiors are built to the Lifetime Homes standard and the apartments are high specification, with stylish kitchens, bedrooms and en-suite bathrooms. In addition to private outside space in the form of balconies, terraces or gardens, the development has a residents’ foyer and landscaped courtyard.

The development is very well-connected, with regular bus services to the local area and central London. A five minute walk across London Fields will take you to London Fields Overground station, which offers eight minutes journey to Liverpool Street and the Underground network.

One bedroom apartments start at £625,000 and two bedroom apartments at £725,000

RSVP here to arrange a viewing, or speak to a member of the team on 0203 826 4888 for more information.

Wadeson Street, E2 is a unique development of nine 1,2 and 3 bed contemporary flats with a high-quality specification.  All the flats have balconies and benefit from access to the communal roof garden on the 4th floor, that offers panoramic views of the London skyline.

This niche development is in an ideal location, close to many of Hackney’s bars, shops, restaurants and amenities, and only a 10 minute cycle from the City. Fashionable Broadway Market and London Fields are a stone’s throw away (about 5 minutes on foot) and the renowned Bistrotheque restaurant is literally on your doorstep.

Cambridge Heath Overground station (a 3 minute walk) and Bethnal Green Underground (a 10 minute walk) both offer fast direct journeys to Liverpool Street, taking 8 and 3 minutes respectively. In addition, the North and East London Overground lines can be accessed via Haggerston and Hackney Central stations, both less than a mile from the development.

There are numerous bus services from the nearby stops on Mare Street, and for cycling enthusiasts there are two Santander Cycle docking stations within a 5 minute walk of the apartments.

The apartments, which will be priced from £650,000, are launching on 24th May.

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For more information about the development please contact a member of the new homes team by email or phone: newhomes@currell.com or 020 3826 4888 or email

Kilburn Quarter is a new collection of 126 stylish homes in London NW6, offering 1, 2, 3 & 4 bed apartments and duplexes. Designed by award-winning Lifschutz Davidson Sandilands and Alison Brooks Architects, the architectural style of the development is striking and modern, whilst still remaining in keeping with the red brick mansion blocks of Maida Vale and the Victorian terraces of St John’s Wood.

Positioned in Zone 2, this spectacular development has a huge amount to offer; high specification interiors, a private balcony or terrace for each apartment, a private gated courtyard plus the urban living ‘musts’ of selected underground parking and cycle stores for hassle-free commuting.

The development also benefits from being part of the extensive South Kilburn regeneration programme that will improve local housing and community spaces, indoor sports facilities, education, and healthcare services, as well as creating a sustainable energy network. There will be a new park, primary school, and lots of businesses, shops and restaurants.

Since launching last June, the development has enjoyed high demand, with only 10 apartments remaining from the initial 121. A further eight 3-4 bedroom deluxe duplexes will be released soon.

Prices for the remaining apartments range from £530,000 to £835,000. To find out more or arrange a viewing, get in touch with us on 020 7226 6611 or newhomes@currell.com.

The homes at The M Collection are inspired by traditional Kentish design and boast generous private outdoor space. The contemporary interiors feature Heart of Medway’s signature high-end specification.

 

The homes at The M Collection are inspired by traditional Kentish design and boast generous private outdoor space. The contemporary interiors feature Heart of Medway’s signature high-end specification. 

This Saturday 11th May sees the launch of the M Collection at Langley Park in Maidstone. The M Collection comprises 20 one, two and three bedroom apartments, houses & coach houses available for shared ownership.  The development is conveniently located just four miles from the centre of Maidstone.

The M Collection forms part of the highly anticipated second phase at Langley Park, a bespoke new community in its own right.  Once complete the site will include a new primary school, shops, public house, cafes and plentiful green open space.

This phased release will begin with 8 one, two, and three bed houses with prices starting from £85,000 for a 40% share of the one bedroom houses.

With its close proximity to Maidstone, Langley Park residents can enjoy easy access to the M20. Direct rail services from Maidstone West station offer journeys of just under an hour to Kings Cross St Pancras.

If you would further information on the development please visit our website or call 0207 7045618 and speak to the Shared Ownership Team.

Bow Wharf is a residential waterside development from H20 Urban, comprising five houses and 19 apartments in the Regent’s Canal Conservation Area. The properties are set in a leafy community next to the Hertford Union Canal and between the green spaces of Mile End Park and the expansive Victoria Park.

Victoria Park Village is a less than half a mile away, offering a wide range of independent shops, bars and restaurants.

The development has been designed to a high standard, with large windows and spacious balconies providing enviable canal-side views. Each home is flooded with light, and the open-plan living room and kitchen have been designed with your convenience in mind.

Bow Wharf is very well connected, offering easy access to central London. With a network of cycle routes along the canal towpath and through the nearby parks, many local residents commute to The City or Canary Wharf by bike or on foot. For those preferring public transport, there are regular buses and Bethnal Green Underground station is less than a mile away, connecting you to Liverpool Street in a mere three minutes.

Bow Wharf is launching on the 11th May with prices starting from £999,950. To find out more or arrange a viewing, get in touch with us on 020 7226 6611 or newhomes@currell.com.

 

The mortgage war between lenders reignited last week. HSBC has retaken pole position in the best buy tables for mortgages launching a five year fixed rate of 1.69% for those who have a minimum of 40% deposit.  The loan carries a fee of £999 which is lower than many typically tied to an ultra-low deal such as this.

The only other deal that comes close is from Yorkshire Building Society, which offers a two year discounted variable rate of 0.89% to those with a 35% deposit.  However, it comes with a substantial arrangement fee of £1,495.

Lenders are fighting for new business and the above rates demonstrate this.  However, the high deposit levels required will be a barrier to many first-time buyers.  With uncertainty around Brexit negotiations, many buyers are holding out for rates to dip further.  However, most brokers are in consensus that rates are close to the bottom of where they can feasibly go.

The high deposit levels required mean that the bank of mum and dad is playing an increasingly important role. According to new research from Legal and General in association with CBRE, this year parents are expected to lend £6.5 billion, contributing to more than 2980,000 mortgages and accounting for 26% of all property transactions. This is a 30% increase on the £5 billion loaned in 2016.

Across the UK the average of borrowing from mum & dad currently stands at £21,600 with the amount borrowed in London at £29,400.

To put these figures another way, the bank of mum & dad is now the 10th biggest lender in the UK.

Whether or not this is sustainable, it is symptomatic of the ‘affordability’ problem, exacerbated by the shortage of new homes, especially in London. Kate Faulkner, author of Which? Property book states:

“We must remember that the increasing use of the bank of mum and dad is a symptom of the lack of housing in the UK not the solution, so we need to build enough homes to match population growth.”

Loft conversions allow for beautifully bright spaces

Grange Hall is a bespoke collection of nine houses, beautifully converted from The West Hackney National School building, which dates back to 1837.  Mixing contemporary design with Victorian period features, this unique development has been carefully designed to provide ‘smart homes’ with the assistance of leading Islington technology company, Pinchpoint.

Each house has an individual name and identity which relate to specific features of the original building. The Grange, for example, is the grandest house in the development and occupies the entire front of the original Georgian school building, whereas The Folly refers to the schools original arched vestibule.

It’s also very well connected, just a three minute walk from Rectory Road station, and very close to the many shops, bars, restaurants and other local amenities of Stoke Newington.

Grange Hall is launching tomorrow, Wednesday 26th April, with prices ranging from £865,000 to £1,450,000. For more photos and information take a look at our website here.

Call us now on 020 7226 6611 to register or email newhomes@currell.com

Head of Research Nicola Almond comments on the surprise election on 8 June

Today MPs backed Theresa May’s call for a general election on 8 June. Theresa May appealed to the British public to ‘put their trust’ in her, and to provide a firm mandate to create unity in Westminster in order to deliver Brexit.

Theresa May previously said she wouldn’t call a snap election, but with a working majority of only 17, and polls showing an increasing lead over Labour, the temptation proved too great. The latest YouGov poll gives the Tories 44% of the popular vote – almost double Labour’s 23%. The result of the election is therefore fairly predictable, and some commentators are predicting that the Conservative majority will increase to 100 seats.

The most obvious outcome of the likely substantial Conservative win would be to improve dramatically May’s room for manoeuvre in the Commons and to strengthen her hand in Europe. The absence of an election looming in 2020 (soon after the March 2019 Brexit deadline) will also provide greater stability.

On balance, this unexpected early election is forecast to be positive for the sterling and the economy, providing a government which is stronger and in a much better to position to negotiate the best Brexit deal for the country.

In the context of increasing global destabilisation, we expect London property to remain a safe haven for investors, despite some appreciation in the pound.

CEO Anne Currell says ‘A stronger government operating from a united position of strength can only be good for the economy and the property market’.

Head of Research Nicola Almond considers how the triggering of Article 50 will affect the London property market

Yesterday Theresa May triggered Article 50, starting two years of negotiations which will lead to Britain’s exit from the European Union.

What will this mean for the London property market?

On balance the triggering of Brexit should act as a fillip to the market, especially in London, where confidence and property prices are particularly sensitive to the Brexit issue. Sales volumes fell after last year’s vote to leave the EU, although the stamp duty increases were arguably more to blame for this decline.

This may not last however, because whilst in the short term some of the uncertainty arising from last June’s referendum will be dissipated, in the longer term the protracted negotiations may not run smoothly and uncertainty about the impact of Brexit on the economy and jobs is likely to persist for some time.

On the positive side, worries that economic growth will be dampened by the Brexit process are expected to deter the Bank of England from raising interest rates despite rising inflation. Continuing low interest rates will help prevent any further deterioration in affordability, which is especially an issue in London. Also, as sterling is unlikely to recover to pre-Brexit levels, the continuing relative weakness of the pound will continue to attract overseas investors by more than offsetting increases in stamp duty.

The main issue for the London housing market remains however the structural imbalance between supply and demand, and this is unlikely to be resolved any time soon, despite the various measures outlined in February’s Housing White Paper. So although yesterday’s move to start the Brexit process will provide a welcome boost to confidence in the market, it does not bring us any nearer to resolving the challenge of delivering housing in sufficient numbers that the ordinary Londoner can afford to buy.

Head of Research Nicola Almond says UK interest rates are not expected to rise despite yesterday’s increase in the US 

The US Federal Reserve raised its benchmark interest rate yesterday by 0.25% to 1%, as inflation rose to 2.2% in February – above the target of 2%.

Although inflation is also rising in the UK, the Bank of England is not expected to follow suit with a rate rise, due to fears of an adverse impact on the economy and concerns over Brexit.

UK inflation is facing upward pressure due to post-Brexit sterling weakness, rising from 1.6% in January to 1.8% in February. This quarter it is forecast to be 2%, rising further to 2.7% in early 2018 before falling to 2.6% in early 2019.

This is the second US rate rise in three months, and the first of three interest rate rises expected this year. Whilst rates are expected to climb steadily thereafter, some commentators expect rates to stick at around 2%, whilst others see them returning in the longer term to pre-crash levels of 4%-5%.

The UK benchmark rate was cut from to 0.5% to 0.25% last August. This was the first rate change in over 7 years. Most commentators expect the rate to remain unchanged at 0.25% in 2017 and 2018. This may change however if inflation rises faster than expected and economic growth exceeds expectations.

The US rate rise may put some upward pressure on UK mortgage rates, which have recently seen some increases in long term 10 year fixed deals from historic lows.