With the general election this week, we’re taking a look at the three main parties’ housing proposals. All are promising initiatives to alleviate pressure on prices, although whether any will be enough to address the fundamental imbalance between supply and demand remains to be seen. This shortage of supply, especially in London and the South East has fuelled the dramatic house price growth over the last twenty years, especially in London.

Perhaps what is needed is for the position of housing minister to return to being a cabinet post with its own department, as it was from 1951-1970 (the Ministry of Local Government and Housing), rather than being part of Communities and Local Government as it is today. Although we are unlikely to see a return to the large-scale government house building programmes of the post-war period, giving the housing minister a seat at the cabinet table would indicate a commitment to resolving what is generally accepted is a ‘broken’ housing market.

The parties’ main proposals are:

Conservative

  • Stabilise house prices by building 1.5m new homes by 2022
  • Reform Compulsory Purchase Orders (CPO’s), to allow councils better access to land that could be built on
  • Encourage landlords to offer long tenancies as standard & increase security of tenure for “good tenants”
  • Provide funding to selected “ambitious, pro-development councils” to build council housing stock
  • Give housing associations greater flexibility to increase their housing stock

Labour

  • Build 1m homes by the end of the parliament, through a newly established Department for Housing
  • Guarantee the funding for the Help to Buy scheme – which ended in 2016 – until 2027
  • Make three-year tenancies “the norm”
  • Build 100,000 new council homes and Housing Association homes across the UK
  • Cap rent rises at the rate of inflation

Liberal Democrats

  • Build 300,000 homes a year by the end of their term, in part by allowing councils & Housing Associations to borrow more
  • Create £5bn of funding through a newly set up British Housing and Infrastructure Development Bank
  • Give local authorities the power to fine those holding onto land that could be built on
  • Promote longer tenancies with an inflation-linked annual rent increase
  • Introduce a Help to Rent scheme to provide loans to help first-time renters under 30 with a deposit
  • Ban lettings fees for students

The perfect way to unwind with a stunning view of the City

Abode is a striking new Sherry Green Homes development of twenty-two, 1, 2, and 3 bedroom contemporary apartments, all with a balcony or terrace, in London’s fashionable London Fields area.

Nestled in this thriving heart of Hackney, the apartments are close to the many shops, bars and restaurants of Broadway Market as well the open space of the London Fields and central Hackney amenities such as the Hackney Picturehouse.

The development is very well connected; it’s a 4 minute walk away from London Fields Overground station (8 minutes to Liverpool Street), and ¾ mile from Bethnal Green Underground station, the North London Overground Line at Hackney Central  and the East London Overground Line at Haggerston.

There are also numerous buses to the City and West End, although many local residents choose to cycle or walk to work. The apartments are only a 15 minute cycle ride from the City.

The apartments, which will be priced from £675,000 are launching on Saturday 3rd June.

RSVP HERE TO BOOK A PLACE

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

The number of adults aged 25 to 34 living with their parents in the UK is set to grow further if property prices keep rising, according to a new study. This demographic has already risen by 37% over the last ten years, largely due to rising property prices. The average price in London has risen by 72% to £471,742 over the last decade, with prices in the South East up 41% to £311,514.

If this trend continues it will place increasing pressure on home ownership because owners will remain in their homes (along with their adult offspring) rather than downsize. This will in turn exacerbate the shortage of family homes.

Increasing numbers of first-time buyers are now realising that shared ownership can offer them an alternative route to home ownership, even if they have a relatively small deposit. Buyers can for example, start with a 25% share in a property and increase this to full 100% ownership over time.

Eligibility for the shared ownership is dependent on income; with a maximum household income of £90,000 in London and £80,000 elsewhere in the UK. Most schemes also operate an allocation process with requirements such as where the buyer lives and/or works. In most cases the purchaser must also be a first-time buyer.

Currell is a leading player in the shared ownership market across London and the South East. We sell a wide range of shared ownership homes, and can help make the complex procedure of buying a new home into a seamless process.

Shared ownership properties often form part of a larger development, and are sold alongside private market homes. Currell recently sold apartments of both types in the Great Eastern Building in Hackney E8, pictured above.

If you are interested in buying a shared ownership property why not take a look at the homes currently available on our website or to find out more contact a member of sales team on 020 7704 5618 or email sharedownership@currell.com

With Chelsea Flower Show coming up, and the sun finally shining, we’re all starting to think about gardens. If you’re looking for a new home, where you can have a barbecue or just sunbathe with a book – look no further. Here’s our pick of the best garden properties we currently have for sale:

Mountford Crescent, N1 

This impressive semi-detached Grade II listed house is set in one of the most sought after locations in Islington. The garden is spacious, with a generous amount of lawn and planting as well as a terrace for outdoor dining.

Forest Road, E8 

With a huge private L-shaped south facing garden (measuring 135 x 91 feet), this property on Forest Road is perfect for nature lovers.

Malvern Road, E8

This beautifully converted Victorian property has a stunning walled garden with an English country feel. Hidden at the end of the garden are a covered car port and a single storey workshop currently used as an artist’s studio. The workshop has planning permission to be transformed into a two storey studio space.

Hemingford Road, N1 

If you hate mowing the lawn but still want some outdoor space with your property, Hemingford Road is the perfect solution. The large stylish terrace is perfect for minimalist greenery and flowers, also allowing plenty of space for relaxing.

Ripplevale Grove, N1

Ideal for cultivating some pretty flower beds or a vegetable patch, this delightful garden enjoys an open aspect to the rear gardens of Richmond Crescent and Hemingford Road.

Speldhurst Road, E9

This beautiful three storey end of terrace house in the heart of Victoria Park Village has a sizeable garden and handy shed – an indoor and outdoor space you can truly make your own.

Darnley Road, E9

Set over two levels, this garden offers the perfect combination of lawn and terrace.The pretty gazebo is the ideal place to relax on a summer evening.

Mildmay Grove North, N1 

Within close walking distance of the shops and restaurants at Newington Green and Canonbury Overground station, this two bed maisonette has a beautiful small garden. With a terrace as well as flower beds and lawn space, it offers all the best features of a garden in one well-designed space.

St Philip’s Road, E8

An end of terrace period house located in the heart of London Fields, this property on St Philip’s Road is perfect for entertaining family and friends alike.

Acton Street, WC1X

Your own hidden jungle in the middle of London, this property on Acton Street in Kings Cross boasts a covered terrace overlooking the cosy garden, with high walls for maximum privacy. Perfect for intimate summer drinks and barbecues.

Register now for the launch on Wednesday 24th May

Register now to attend the launch of these exclusive apartments in the heart of Tufnell Park.

Launching next Wednesday 24th May, Trinity House is a boutique collection of two 2 bedroom and one 3 bedroom duplex apartments. Each home in this outstanding development has been designed with exceptional attention to detail, with the highest of specifications and bespoke finishes.

The beautiful brick façade is in keeping with the area, and the floor to ceiling windows flood the property with natural light. Each apartment has its own front door at street level, and private outdoor space in the form of a garden or terrace. The spectacular three penthouse apartment features a spacious double height living space

The development is well connected, with four underground and three overground stations all within walking distance. Tufnell Park offers a wide variety of local shops, cafes, bars and restaurants, and the apartments have good access to a wide range of amenities.

The apartments are priced at £775,000, £795,000 and £1.25m.

RSVP TO BOOK A PLACE 

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

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.

RSVP TO BOOK A PLACE

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.