Welcome to February Newsletter

Welcome to February Newsletter




Whittlesey Street, London, SE1 | £2,275,000

This delightful Regency home (1823) is located in Whittlesey street, Waterloo. One of Central London’s most desirable and recognisable streets.

Click here to read Whittlesey Street, London, SE1 | £2,275,000.



Ability Place, London, E14 | £900,000

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully complementing...

Click here to read Ability Place, London, E14 | £900,000.



Southbank Tower, 55 Upper Ground, London, SE1 | £2,350,000

The fabulous apartment encompasses a fully fitted impressive kitchen, 1364 sq ft, with an open plan, reception room designed to entertain.

Click here to read Southbank Tower, 55 Upper Ground, London, SE1 | £2,350,000.



Peel Street, London, W8 | £3,395,000

This beautifully presented and substantial 4 bedroom, 3 bathroom house is located perfectly in Kensington...

Click here to read Peel Street, London, W8 | £3,395,000.



3 Pearson Square, London, W1T | £1,500,000

A delightful 1 large double bedroom, 2 bathrooms beautifully furnished apartment on the 4th floor in the luxurious Pearson Square development located in the heart of the West End.

Click here to read 3 Pearson Square, London, W1T | £1,500,000.



55 Upper Ground, London, SE1 | £1,195,000

Attention Investors 4.9% yield for this luxurious 2 bedroom, 1 bathroom apartment is available for sale in Southbank Tower. Heavily discounted - must sell!

Click here to read 55 Upper Ground, London, SE1 | £1,195,000.



Ability Place, London, E14 | £900,000

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light.

Click here to read Ability Place, London, E14 | £900,000.



Knightsbridge, London, SW7 | £19,500 PCM

The house has been imaginatively remodelled and interior designed to create a light and spacious contemporary home, it is arranged over 228sqm, with state-of-the-art technology and air conditioning.

Click here to read Knightsbridge, London, SW7 | £19,500 PCM.



264 Finchley Road, London, NW3 | £6,000 PCM

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment in the new luxurious development Viridium Apartments on the ground-floor/lower ground floor. Furnished and available from 18/10/22.

Click here to read 264 Finchley Road, London, NW3 | £6,000 PCM.



264 Finchley Road, London, NW3 | £6,000 PCM

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and is available now.

Click here to read 264 Finchley Road, London, NW3 | £6,000 PCM.



264 Finchley Road, London, NW3 | £4,500 PCM

Fabulous furnished 2 bedroom, 2 bathroom penthouse in the new luxurious development Viridium is on the 3rd floor. This apartment also benefits from a lighting system...

Click here to read 264 Finchley Road, London, NW3 | £4,500 PCM.



What does the Autumn statement mean for the housing market

 
 

Stamp duty cuts reversed and rising council tax rates on the way - but the energy price cap remains in place. And what does it all mean for mortgage rates?



Inflation expected to fall sharply next year

The Bank of England predicts inflation will be below its 2% target in two years time, and close to zero in three years, leading to lower mortgage rates.

Minutes from the Bank of England’s latest interest rate setting meeting triggered some alarming headlines.

But while some outlets warned that the UK was heading for its longest recession since records began, there was actually good news buried in the minutes of its meeting - including suggestions that interest rates may not need to rise by as much as previously expected.

We take a look at some of the positives from the report and how they will impact the housing market.

 

The recession will be long but may not be too deep

The most eye-catching prediction from the Bank’s Monetary Policy Committee’s (MPC) minutes was that the UK is likely already in a recession, which is expected to last for two years.

If this prediction is correct, it would be the longest recession for the country since records began in 1920.

But what received less attention is the fact that economic growth is expected to contract by 1.9% in 2023 and 0.1% in 2024.

This means that while the MPC is expecting the recession to be long, it does not think it will be too deep.

To put these figures in context, the current recession would be significantly less bad than the one in the wake of the global financial crisis, when GDP growth contracted by 2.6% in a single quarter, and by 7.1% across five quarters in 2008 and 2009.

During the Covid-19 pandemic, GDP dived by a record 19.4%.

Economists have also pointed out that the MPC’s forecast is based on current market predictions for interest rates.

But the MPC suggested interest rates will not need to rise by as much as markets think, suggesting the recession could be less severe than its forecast suggests.

 

Unemployment will remain reasonably low

The MPC also forecast a rise in unemployment in its minutes, predicting the proportion of people who are out of work would increase from 3.5% now to 4.9% by the end of 2023.

While the increase may sound alarming, it is important to see it in context.

Unemployment is currently at its lowest level since 1974. A rise to 4.9%, would put the number of people out of work broadly on the same level as in early 2021 during the pandemic.

Looking further ahead, the MPC expects unemployment to continue rising in 2024 and 2025 to reach 6.4% by the end of that year. That's still well below the peak of 10.7% seen in the 1992 recession.

The fact that the number of people likely to lose their job is expected to remain relatively low compared with previous recessions, is good news for the housing market.

In the past, steep rises in unemployment led to a high level of forced sales, as people were no longer able to keep up with their mortgage repayments, triggering house price falls.

But that looks unlikely to happen this time around. Not only are job losses expected to be limited, but lenders are also now required by regulators to work with people who run into difficulties repaying their mortgage, and only repossess their home as a last resort.

 

Inflation should peak soon, then fall sharply

A major factor contributing to the current slowdown in activity in the housing market is the cost-of-living squeeze.

Steep increases in the cost of food, petrol and energy have made consumers more cautious, and caused them to delay making big purchases, such as a buying a new home.

It also makes it harder for them to pass mortgage affordability tests, as more of their money is being spent on essentials.

But the MPC expects inflation to peak at 11% in the final three months of this year, before falling sharply from the middle of next year. 

In fact, it predicts inflation will be below its 2% target two years from now, and be close to zero in three years’ time.

Getting inflation back under control will not only boost consumer confidence, but it will also enable the MPC to reduce the Bank Rate – the official cost of borrowing – which should lead to lower mortgage rates.

 

Interest rates may not rise by as much as expected

This one is a bit more speculative, as the MPC does not make predictions on interest rates.

But it did appear to signal that the Bank Rate may not need to increase by as much as markets currently expect.

When the MPC held its November meeting, money markets had priced in further increases to the Bank Rate to 5.25%.

As is customary, the MPC based its economic forecasts on interest rates peaking at this level.

Although it continued with its previous rhetoric that it will “respond forcefully, as necessary” to get inflation back down to its 2% target, it also said the impact of previous interest rate rises had not yet been fully felt.

In a press conference following the meeting, Bank Governor Andrew Bailey also said the Bank Rate would have to go up by less than currently expected by financial markets.

He said: “Our best view of where the rate should be … is nearer the constant rate curve [3.00%] than the market rate curve [5.25%].”

Economists have interpreted his comments as suggesting the Bank Rate could peak at between 3% to 4%, meaning it may not rise much further from its current level of 3%. 

This is obviously good news for mortgage rates.

Variable rate mortgages, such as tracker products and standard variable rates, move up and down in line with changes to the Bank Rate.

Fixed rate mortgages are based on so-called swap rates, which are themselves based on what the money markets think will happen with interest rates in the future.

In both cases, if interest rates do not need to rise by as much as previously expected, mortgage rates will also be lower.

 

What does this mean for the housing market?

Activity in the housing market has been hit by a combination of the cost-of-living squeeze, economic uncertainty, and the recent increase in mortgage rates.

If inflation peaks soon and mortgage rates do not rise any higher, it could help to restore consumer confidence.

In fact, the cost of fixed rate mortgages, which has already come down since the mini-Budget, is expected to continue to fall during the final part of the year.

At the same time, a sharp spike in unemployment in 2023 is not expected, meaning there are unlikely to be a high level of forced sales.

Even so, mortgage rates still remain significantly higher than they were at the start of the year, which, combined with higher house prices, will impact affordability.

This is likely to lead to lower buyer demand, and house prices are likely to drop from their current record level in some areas.



Inflation expected to fall sharply next year

 

The Bank of England predicts inflation will be below its 2% target in two years time, and close to zero in three years, leading to lower mortgage rates.

Minutes from the Bank of England’s latest interest rate setting meeting triggered some alarming headlines.

But while some outlets warned that the UK was heading for its longest recession since records began, there was actually good news buried in the minutes of its meeting - including suggestions that interest rates may not need to rise by as much as previously expected.

We take a look at some of the positives from the report and how they will impact the housing market.

 

The recession will be long but may not be too deep

The most eye-catching prediction from the Bank’s Monetary Policy Committee’s (MPC) minutes was that the UK is likely already in a recession, which is expected to last for two years.

If this prediction is correct, it would be the longest recession for the country since records began in 1920.

But what received less attention is the fact that economic growth is expected to contract by 1.9% in 2023 and 0.1% in 2024.

This means that while the MPC is expecting the recession to be long, it does not think it will be too deep.

To put these figures in context, the current recession would be significantly less bad than the one in the wake of the global financial crisis, when GDP growth contracted by 2.6% in a single quarter, and by 7.1% across five quarters in 2008 and 2009.

During the Covid-19 pandemic, GDP dived by a record 19.4%.

Economists have also pointed out that the MPC’s forecast is based on current market predictions for interest rates.

But the MPC suggested interest rates will not need to rise by as much as markets think, suggesting the recession could be less severe than its forecast suggests.

 

Unemployment will remain reasonably low

The MPC also forecast a rise in unemployment in its minutes, predicting the proportion of people who are out of work would increase from 3.5% now to 4.9% by the end of 2023.

While the increase may sound alarming, it is important to see it in context.

Unemployment is currently at its lowest level since 1974. A rise to 4.9%, would put the number of people out of work broadly on the same level as in early 2021 during the pandemic.

Looking further ahead, the MPC expects unemployment to continue rising in 2024 and 2025 to reach 6.4% by the end of that year. That's still well below the peak of 10.7% seen in the 1992 recession.

The fact that the number of people likely to lose their job is expected to remain relatively low compared with previous recessions, is good news for the housing market.

In the past, steep rises in unemployment led to a high level of forced sales, as people were no longer able to keep up with their mortgage repayments, triggering house price falls.

But that looks unlikely to happen this time around. Not only are job losses expected to be limited, but lenders are also now required by regulators to work with people who run into difficulties repaying their mortgage, and only repossess their home as a last resort.

 

Inflation should peak soon, then fall sharply

A major factor contributing to the current slowdown in activity in the housing market is the cost-of-living squeeze.

Steep increases in the cost of food, petrol and energy have made consumers more cautious, and caused them to delay making big purchases, such as a buying a new home.

It also makes it harder for them to pass mortgage affordability tests, as more of their money is being spent on essentials.

But the MPC expects inflation to peak at 11% in the final three months of this year, before falling sharply from the middle of next year. 

In fact, it predicts inflation will be below its 2% target two years from now, and be close to zero in three years’ time.

Getting inflation back under control will not only boost consumer confidence, but it will also enable the MPC to reduce the Bank Rate – the official cost of borrowing – which should lead to lower mortgage rates.

 

Interest rates may not rise by as much as expected

This one is a bit more speculative, as the MPC does not make predictions on interest rates.

But it did appear to signal that the Bank Rate may not need to increase by as much as markets currently expect.

When the MPC held its November meeting, money markets had priced in further increases to the Bank Rate to 5.25%.

As is customary, the MPC based its economic forecasts on interest rates peaking at this level.

Although it continued with its previous rhetoric that it will “respond forcefully, as necessary” to get inflation back down to its 2% target, it also said the impact of previous interest rate rises had not yet been fully felt.

In a press conference following the meeting, Bank Governor Andrew Bailey also said the Bank Rate would have to go up by less than currently expected by financial markets.

He said: “Our best view of where the rate should be … is nearer the constant rate curve [3.00%] than the market rate curve [5.25%].”

Economists have interpreted his comments as suggesting the Bank Rate could peak at between 3% to 4%, meaning it may not rise much further from its current level of 3%. 

This is obviously good news for mortgage rates.

Variable rate mortgages, such as tracker products and standard variable rates, move up and down in line with changes to the Bank Rate.

Fixed rate mortgages are based on so-called swap rates, which are themselves based on what the money markets think will happen with interest rates in the future.

In both cases, if interest rates do not need to rise by as much as previously expected, mortgage rates will also be lower.

 

What does this mean for the housing market?

Activity in the housing market has been hit by a combination of the cost-of-living squeeze, economic uncertainty, and the recent increase in mortgage rates.

If inflation peaks soon and mortgage rates do not rise any higher, it could help to restore consumer confidence.

In fact, the cost of fixed rate mortgages, which has already come down since the mini-Budget, is expected to continue to fall during the final part of the year.

At the same time, a sharp spike in unemployment in 2023 is not expected, meaning there are unlikely to be a high level of forced sales.

Even so, mortgage rates still remain significantly higher than they were at the start of the year, which, combined with higher house prices, will impact affordability.

This is likely to lead to lower buyer demand, and house prices are likely to drop from their current record level in some areas.

 

Contact our Property for more advice experts today!  

 

 

*Zoopla



Bank Rate rises to 3% to reach highest level since 2008

 

The UK Bank Rate has risen to 3% from 2.25% in the biggest single increase for 33 years. Here's what it means for you and your home.

The Bank of England has increased interest rates by 0.75% - the biggest single increase since 1989, apart from the almost immediately reversed rise on Black Wednesday in 1992.

The Bank Rate is now at 3%, its highest level since 2008.

It was the eighth meeting in a row at which the Monetary Policy Committee (MPC) has increased the official cost of borrowing, as it continues to battle high inflation.

The move adds around £86 a month to repayments for someone with a £200,000 variable rate mortgage.

The increase will impact the estimated 850,000 people who have a tracker mortgage, and the 1.1 million who are on their lender’s standard variable rate, both of which move up and down in line with the Bank Rate.

Homeowners with variable rate mortgages have now seen their mortgage payments rise by more than £300 a month since December, at a time when they are also grappling with steep increases to the cost of living.

 

"Money markets were expecting a hefty jump in the Bank Rate"

Richard Donnell, Director of Research and Insight at Zoopla, said: "Money markets were expecting a hefty jump in the Bank Rate today. Most borrowers used fixed rate loans so it's the cost of 2 and 5 year fixed rate money for banks that underpins mortgage rates more than the base rate.

"Today's jump does not worsen the outlook for mortgage borrowers but home buyers need to realise that 4% to 5% mortgages are set to be the norm in future, not the 1% to 2% of recent years."

 

Why has the bank rate been increased?

The MPC has increased the Bank Rate by 2.9% since it first started to raise the official cost of borrowing in December last year, in a bid to bring inflation down.

Despite these increases, inflation – which measures the rate at which the cost of goods and services is rising – has remained stubbornly high at 10.1%.

The MPC’s job has been made significantly harder by former Chancellor Kwasi Kwarteng’s mini budget.

The markets were spooked by his plans to cut taxes and increase spending, leading to a steep drop in the value of the pound. This in turn made imports more expensive, and was expected to push inflation higher.

It also impacted the housing market, with the number of people looking to buy a home dropping by a third in the wake of the mini budget.

In the minutes on its latest meeting, the MPC warned that “further increases in Bank Rate may be required” in order to get inflation back down to its 2% target.

But there was some good news for homeowners, with the MPC adding that interest rates were likely to peak at a lower level than was being predicted by the financial markets.

Economists had previously expected interest rates to have to increase to around 5% by the middle of next year, but they have since trimmed their forecasts to 4.25%.

 

What should I do about my mortgage?

If you are on a fixed rate mortgage

If you are on a fixed rate mortgage you don’t need to do anything right away. The interest rate you are paying will stay the same until the end of your product term, usually two or five years.

If you are coming to the end of your deal, you should start thinking about your next one.

Most lenders will allow you to ‘book’ a new rate between three and six months before your current one ends.

But you need to be prepared for a significant increase in your monthly repayments, as interest rates are now likely to be much higher than they were when you took out your mortgage or last remortgaged.

Mortgage rates could fall slightly towards the end of this year and early next year as markets stabilise, so you may want to wait to see if this happens before committing to a new rate.

But there is no guarantee that rates will fall, and the MPC could increase the Base Rate further at its December meeting.

If you are on a standard variable rate (SVR) mortgage

If you are on your lender’s standard variable rate (SVR), the rate you are automatically put on when your mortgage deal ends, you may want to remortgage soon.

The average interest rate charged on SVR mortgages was already 5.86% before the latest interest rate hike, its highest level for more than a decade, and it is likely to increase by a further 0.75% following today’s Bank Rate increase.

That said, if you are comfortable sitting on a higher rate for a couple of months, you may want to delay remortgaging to see whether rates do come down.

If you are on a tracker mortgage

If you are on a tracker mortgage, which moves up and down in line with changes to the Bank Rate, you may want to stay put.

Although the Bank Rate is widely expected to rise further, interest rates charged on fixed rate mortgages have already factored in some of these anticipated increases.

As a result, the average cost of a two year fixed rate mortgage is currently 6.47%, while interest charged on a five-year deal is only slightly lower at 6.32%.

It is important to remember that if you take out a fixed rate deal, you will be locking into the current high interest rates for two or five years, depending on which product term you opt for.

Ultimately, your decision is likely to come down to whether you have enough slack in your budget to be comfortable on a variable rate mortgage, or whether you want the security offered by a fixed rate one.

 

How can I reduce my mortgage repayments?

If you are worried about the increase in your monthly repayments that you might face when you come to remortgage, there are steps you can take to reduce them.

One way to lower your repayments is to borrow less. While this may be easier said than done, if you have a good level of savings, you may want to think about using some of the money you have set aside to make a lump sum overpayment to reduce the size of your mortgage.

You can also reduce your monthly repayments by increasing your mortgage term.

For example, monthly repayments on a £200,000 mortgage on a fixed rate of 6% would be £1,450 if the mortgage was being repaid over 20 years.

But monthly repayments would fall to £1,210 if the term was increased to 30 years, and to £1,150 if it was being repaid over 35 years.

But it is important to bear in mind that increasing your mortgage term will mean  you pay more in interest over the entire life of your mortgage.

It is also worth remembering that although interest rates have increased, the value of your home is also likely to have gone up since you last remortgaged.

As a result, you will be borrowing a lower proportion of your property’s value than previously, known as the loan-to-value (LTV) ratio.

Lenders offer their most competitive rates to people with lower LTVs, so you may now qualify for a better rate than previously.

 

What should I do if I’m struggling to pay my mortgage?

If you are struggling to keep up with your mortgage repayments, or think you may do so in the near future, it is important to contact your lender as soon as possible.

There are a number of steps lenders can take to help you, including granting you a temporary payment holiday or putting you on to an interest-only mortgage for a short time.

But options become much more limited if you have already missed a payment.

Lenders are obliged by the regulator to work with customers who are struggling with mortgage repayments to find a solution, and they can only repossess a home as a last resort.

 

Contact our property experts today! 

*Zoopla



UK Landlord tax offers specialist guidance following budget 

 
 
In light of the recent Autumn statement of interest being announced, UK Landlord tax a leading property tax accountant, today announced their ability to offer specialist advice.

Currently, landlords whose properties are owned in their names are exempt from capital gains tax on gains up to £12,300. This amount will reduce to £6,000 in April 2023 and to £3,000 in April 2024. For individual landlords, this means they will pay an additional £1,764 in tax for higher rate taxpayers and £1,134 for lower rate taxpayers on capital gains above £6,000 in 2023-24. As of April 2024, higher-rate taxpayers will pay an extra £2,604 in tax and lower-rate taxpayers will pay an extra £1,674 on any capital gains above £3,000.

For landlords who own properties through limited companies, the Dividend Allowance will decrease from £2,000 to £1,000 and to £500 from April 2023. Taking £2,000 in dividends in 2023-24 for example would incur an additional tax of £87.50 for lower rate taxpayers, £337.50 for higher rate taxpayers, and £393.35 for additional rate taxpayers.

Aside from this, the government will reduce the Capital Gains Tax Annual Exemption Amount from £12,300 to £6,000 from April 2023, and to £3,000 from April 2024.

Because of the increased demand that’s put upon taxpayers as a result of the Autumn Statement of Interest, UK Landlord Tax is advising that landlords get in contact with any questions they may have regarding the budget, particularly those pertaining to changes to capital gains tax.

If they end up requiring more detailed tax advice, then they can expect to pay a modest fee for the service when they require it. However, it should be noted that if they wish to partner with UK Landlord Tax on a long-term basis, they can be reimbursed this fee.

 

Contact our property experts today!

 

*Property Wire

 

 



55 Upper Ground, London, SE1

Southbank Tower is a confident, soaring design that is a distinctive landmark on London cultural mile. Residents benefit from high-speed lift access, an indoor swimming pool...
 
£1,195,000

Click here to read 55 Upper Ground, London, SE1.



Belvedere Gardens, Belvedere Road, London SE1

The apartment benefits from floor to ceiling glass panels and stunning river views as well as under-floor heating throughout, comfort cooling, integrated lighting with...
 
£7,583 PCM

Click here to read Belvedere Gardens, Belvedere Road, London SE1.



Southbank Tower, 55 Upper Ground, London, SE1

The apartment features floor to ceiling windows throughout and both the main bathroom and the en-suite are fully fitted to a superb standard. Both double bedrooms are generously...
 
£2,500,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



264 Finchley Road, London, NW3

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and available now. Comprising a....
 
£4,749 PCM

Click here to read 264 Finchley Road, London, NW3.



264 Finchley Road, London, NW3 

Ideally located on Finchley Road, the development is within close proximity to Hampstead with its popular restaurants, shops and tourist spots. It also benefits from the...
 
 £3,796 PCM

Click here to read 264 Finchley Road, London, NW3 .



4 Canter Way, London, E1

A two bedroom, two bathroom apartment with a balcony is available to rent from 24/01/2023. This apartment comes with access to the on-site gymnasium, swimming pool...
 
£3,900 PCM

Click here to read 4 Canter Way, London, E1.



4 Canter Way, London, E1

The property has been finished to a very high standard and comprises a good size double bedroom with ample storage space, a fully fitted and integrated kitchen with plenty...
 
£3,033 PCM

Click here to read 4 Canter Way, London, E1.



Peel Street, London, W8 

This beautifully presented and substantial 4 bedroom, 3 bathroom house is located perfectly in Kensington between Kensington Gardens/Hyde Park and...
 
£3,395,000

Click here to read Peel Street, London, W8 .



Southbank Tower, 55 Upper Ground, London, SE1

Once you enter the duplex apartment you are led into the kitchen area and fully furnished living room. The kitchen is perfectly finished to an outstanding standard... 
 £16,033 PCM

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Oakley House, Battersea Power Station, London, SW11

A stunning two-bedroom, two-bathroom apartment measuring 900 Sq Ft in the brand-new Battersea Power Station is now available. This apartment...
 
 £5,000 PCM

Click here to read Oakley House, Battersea Power Station, London, SW11.



Ability Place, Millharbour, London, E14

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully...
 
£900,000

Click here to read Ability Place, Millharbour, London, E14.



Southbank Tower, 55 Upper Ground, London, SE1

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive...
 
 £899,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Trevor Place, Knightsbridge, London, SW7

he charming terraced house at Trevor Place is well-proportioned in the heart of Knightsbridge location. Here is close to all the amenities of the Brompton Road including, shopping...
 
 £19,500 PCM

Click here to read Trevor Place, Knightsbridge, London, SW7.



Viridium Apartment, Finchley Road, London, NW3 

We are delighted to present this fabulous 3 bedroom, 2 bathroom apartment. This apartment is unfurnished, measures 1257 sq ft and and available now. Comprising...
 
£4,749 PCM

Click here to read Viridium Apartment, Finchley Road, London, NW3 .



25 February 2023 

Shakespeare Comedy Club
 
Found in the heart of London, we at Comedy downstairs at the Shakespeare have the most talented and varied stand up comedians in our line up, to fulfil everyone’s comedic acquired taste.

Click here to read 25 February 2023 .



One Blackfriars Road, London, SE1 9GQ

A stunning 3 bed 3 bath apartment located in the innovative new development One Blackfriars. The property has been interior designed with luxury furniture and fixtures, residents will also benefit from a 24hr concierge & 5* spa and gym facilities.
 
Price: £26,000 PCM

Click here to read One Blackfriars Road, London, SE1 9GQ.



Meranti House, 84 Alie Street, London, E1 8QB

A stunning 1 Double Bed, 1 Bath apartment located within MERANTI HOUSE in E1 is available on 26/03/2023. Measuring internally at 569 sqft plus a Balcony of 60 sqft, it is located on the 4th floor. Residents can enjoy on-site luxury facilities: Swimming Pool, Sauna, Screening Room 24-Hour Concierge and a Fully equipped gym.
 
Price: £3,200 PCM

Click here to read Meranti House, 84 Alie Street, London, E1 8QB.



Oakley House, Battersea Roof Gardens, 10 Electric Boulevard, London, SW11 8BS

A stunning two-bedroom, two-bathroom apartment measuring 900 Sq Ft in the brand-new Battersea Power Station is now available. This apartment has a private winter garden as well as a balcony and parking.
 
Price: £6,912 PCM

Click here to read Oakley House, Battersea Roof Gardens, 10 Electric Boulevard, London, SW11 8BS.



Trevor Place, Knightsbridge, London, SW7 1LE

The house has been imaginatively remodelled and interior designed to create a light and spacious contemporary home, it is arranged over 228sqm, with state-of-the-art technology and air conditioning.
 
Price: £19,500 PCM

Click here to read Trevor Place, Knightsbridge, London, SW7 1LE.



1 Royal Oak Yard, London, SE1 3GA

Fabulous and very well located modern basement office space available for letting in London Bridge SE1. The office benefits from being situated in a Prime Southbank spot, in a mews just off the very trendy Bermondsey Street located right next door to the new White Cube Gallery.
 
Price: £3,353 PCM

Click here to read 1 Royal Oak Yard, London, SE1 3GA.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A luxurious 2 double bedrooms, 2 bathrooms (1 en-suite)apartment plus winter garden that can be used as a third bedroom or study or formal dining room enjoying commanding north views of the river from Southbank Tower is available for sale.
 
Price: £2,400,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A luxurious 2 bedroom, 2 bathroom apartment is available for sale. Located in the iconic Southbank Tower, this fabulous apartment encompasses a fully fitted impressive kitchen, with an open plan reception room designed to entertain with impressive north west facing river views of Big Ben, the Houses of Parliament. the London Eye and other famous London landmarks.
 
Price: £1,400,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Baltimore Wharf, London, E14 9EY

This bright and spacious sub penthouse provides open plan living and has amazing views over the dock.This penthouse also offers panoramic views and has a very large balcony overlooking this city of London. There is under heated marble flooring, as well as floor to ceiling fitted wardrobes. The nearest tube station to this building is the cross harbour DLR which is 0.1 miles away. Canary wharf station is just over a mile away.
 
Price: £1,365,000

Click here to read Baltimore Wharf, London, E14 9EY.



Pan Peninsula Square, London, E14 9HR

With excellent transport links to the city, a 3 bedroom apartment one of Canary Wharf’s most prestigious addresses, is now available to sale. This stunning three-bedroom, two-bathroom apartment offers beautiful views of the O2 and the River. Other benefits include parking, swimming pool, gym, and concierge service.
 
Price: £1,680,000

Click here to read Pan Peninsula Square, London, E14 9HR.



Ability Place, 37 Millharbour, London, E14 9DL

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural light, whilst also fully complementing the fantastic dock views seen from the apartment. The master bedroom benefits from a contemporary en-suite bathroom, which also provides access to the terrace.
 
Price: £900,000

Click here to read Ability Place, 37 Millharbour, London, E14 9DL.



Clydesdale Road, London, W11 1JF

This fantastic apartment is an ex-local authority building over the second and third floor of the building. The apartment It has solid flooring throughout the open plan modern kitchen and reception area with plenty of kitchen storage cupboards.
 
Price: £695,000

Click here to read Clydesdale Road, London, W11 1JF.



Bartholomew Cl, Barbican, London, EC1A 7ER

A stunning 1 bedroom, 1 bathroom apartment with an exceptional brand new development Abernethy House in Barts Square. Measuring 567 sqft and a balcony measuring 46 sqft its spacious layout features an open plan reception room with a luxury fitted kitchen and a lovely bedroom. This luxurious apartment has a balcony.
 
Price: £900,000

Click here to read Bartholomew Cl, Barbican, London, EC1A 7ER.



Southbank Tower 55 Upper Ground, London, SE1 9EY

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive landmark on London's cultural mile, between the Royal Festival Hall and Shakespeare's Globe Theatre and adjacent to the iconic Sea Containers House, now home to The Mondrian Hotel.
 
Price: £899,000

Click here to read Southbank Tower 55 Upper Ground, London, SE1 9EY.



Meranti House, 84 Alie Street, Aldgate , London, E1 8QB

STUNNING 2 BEDROOM, 2 BATHROOM (EN SUITE) apartment located within MERANTI HOUSE in E1 is now available for sale. Measuring internally at 937 sqft plus BALCONY of 57 sqft, it is located on the 1st FLOOR. Residents can enjoy on-site luxury facilities: SWIMMING POOL, SAUNA, A SCREENING ROOM, 24 HOUR CONCIERGE and FULLY EQUIPPED GYM.
 
Price: £890,000

Click here to read Meranti House, 84 Alie Street, Aldgate , London, E1 8QB.



31 Perry Vale, London, SE23 2AR

Excellently located for transport and amenities, this gorgeous one bedroom flat located on the 1st floor is set within a wonderful development offering a quality open-plan living area, double bedroom and high-quality fixtures and fittings.
 
Price: £320,000

Click here to read 31 Perry Vale, London, SE23 2AR.



Will house prices decline this year?

 

What does it really mean when you read a headline which mentions falling house prices? We hear this phrase so often that we are led to believe it! The media constantly churns out facts and figures to scare us all and warn of looming doom!

 

For most people, buying a house is a long-term investment and if house prices rise or fall it’s always best not to focus on the headlines, instead take a step back and put things in perspective.

 

If we look at last year, house price increases indeed dipped due to interest rates rising and the impact of the minibudget. In 2022 house prices grew by 2.8% over all for the year, falling from a growth rate of 4.4%.* Yet according to the office for National Statistics average UK prices increased by 12.6% over the year to October 2022. So, it depends on who you ask! Not to mention regional differences and property type - often houses increase in value more rapidly than flats.

 

Predictions

Zoopla predicts a 5% fall in house prices, while Lloyds bank gives a higher figure of 9%. Many analysts agree house prices will fall for the next two years but rise again in 2025. Perhaps more optimistically the housing market could simply level out, with smaller drops in house prices. There is still a shortage of houses and therefore this will stabilise the market.  The housing market is simply returning to a pre-pandemic norm with more realistic interest rates. The good news is without rapidly rising prices, there is more long-term stability.

 

The good news

Ultimately if you are selling, the value of your home will have gone up considerably over the past years so if it falls a little you have still gained. If you are about to purchase your first property and still gathering the deposit and you know it may take a little longer, at least house prices are not rocketing which gives you a little more time.  And when you are in a position to make an offer, you may find that you have a lot more wriggle room in terms of making a lower offer and saving some money.

 

Long term

Buying a house is a long-term investment for most of us and even large drops in value will not create big gains or losses. For example, if you buy a house for £200,000, typically the deposit is 10%, £20,000. If you plan to wait thinking house prices will drop by 10% you have saved £2000, in terms of a deposit. In a long-term investment, this is not a significant amount of money.

If the worst does happen, you buy a house tomorrow and house prices suddenly drop by 10% unless you are planning on selling within the next 2 years, with house prices set to rise again in 2025 then again realistically you have lost £2000, temporarily before gaining again. In both the above scenarios, in the long term, you will still gain.

 

Conclusion

The future looks good, yet even if there is a sudden drop in the grand scheme of things, it’s not such a bad thing! In fact, does it even matter? What’s important is finding a house you can call home and cherish the memories you make in it.

 

Looking for your first home or your forever home? Browse our properties.

 

 

 

Nationwide Price index*



Get your home ready for spring with this checklist

 

Spring is still a month away and the longer, lighter days of summer breeze are even further in the future. That’s not to say you can’t start giving your home a good spring clean now and get ahead of the seasons. It can be a liberating, therapeutic experience and often quite necessary with Christmas not that far behind us. The odd pine needle that you may find on the floor or carpet is proof that you made the right decision to give your home a spring clean.

 

Now that you are on top of your cleaning, in fact, your house is an impeccable example of cleanliness. What else do you need to think about at this time of year?

 

Inspection

Give your home a good overall inspection. When you find anything that needs attention take a picture of it or make a note. Then you can create a list of priorities. This is the first step to sorting whatever you find!

 

Check your caulking

A good place to start is to check out your bathroom caulking. During the steamy windows of wintry months, this often suffers. The cold winter weather outside means that you have perhaps not opened the windows quite as often as usual.

 

Windows

Give your windows a good clean. You most likely have a window cleaner to do the outside, get some vinegar, water and elbow grease and tackle the inside.

 

Gutters

After the windy assaults of winter, it’s always a good idea to check your guttering.  If it's damaged, when it rains again it can cause more damage or flooding which could lead to expensive repairs. Plus, it’s always a good idea to get on top of any repairs because there might be a bit of a wait to get them fixed if you find any.

 

Roof

Checking your roof is important; a few slate tiles may have become loose or perhaps have blown away. Use a camera or binoculars, just to be on the safe side.

 

Garden

It might be a bit early to get fully immersed in your garden. However, you can certainly have a tidy-up and start planting a few bulbs for the summer. Why not check the patio for weeds or cracks that may have appeared from the ice? Simply doing these things will make you feel as if spring and summer are well on the way.

 

Wood

If there are a couple of clear days and you have the time. Reseal your decking or fences, as well as the shed or gates. Now is a great time to get it done.

 

Concrete and pointing

Any concrete, pointing, tarmac or hard surfaces that may have cracked over the winter or simply become cluttered up with moss or dirt can be cleaned. This will brighten up the appearance of your home and make it feel a bit more spring-like.

 

The result

Doing all these things will help whether you are staying put, selling, thinking of moving or if you have plans to develop your property in the coming months.

 

Thinking of moving? Call us today for a valuation to see how we can help.

 



Fall in love with your rented property this February

 

You want to treat your partner this Valentine’s Day. Perhaps a meal out, a card, flowers and chocolates are more your style. After all, you are both trying to take your first steps on the property ladder; you are trying to save. It’s not easy, sometimes you feel like it’s never going to happen. You don’t want to spend on a property you don’t own. On the other hand, you want to make the most of where you live. The relationship you have with where you live is important. Showing that you care might just help you fall in love with your place. Here are a few tips and things you can do that won't break the bank!

 

Create the perfect space

It’s all about being comfortable in your surroundings. Functionality is important. The first part of creating a great ambience is decluttering or arranging your room so it is as stress-free as possible. Often less is more but you still want a feeling of space with cosiness.

 

Lights and candles

Lighting affects your mood. Candles particularly at this time of year are perfect for that romantic evening in. Don’t just use them on Valentine’s Day. Use them after a long day at work and relax in the soft lighting which will soothe you and create a relaxing ambience.

Conversely, simply changing a few bulbs and creating lots of light in the kitchen for example will create a feeling of space. Use LED bulbs and reduce your carbon footprint while saving some money.

 

Add some personal touches

Flowers, candles, paintings or pictures of a special time or place. Once your rooms are decluttered and clean these items will have a huge impact and help you to relax more quickly. This adds to the quality of your life while adding character and just enough detail to help stimulate your visual senses.

 

Plants

A few plants here and there reduce stress levels while adding an element of nature to your rooms. Improving the quality of the air in your home and giving you a sense of well-being that combines with the glorious effect of natural aesthetics.

 

Celebrate outdoor living

A nice space outside with candles or a stove underneath the stars is not only romantic but a great way to add another room to your house. It may be outside but create the right space and it’s as important as any room in the house.

 

TLC

Keeping everything clean and in good working order is one of the simplest and best ways to show the place where you live how much you care. In return, it might along with some other steps help you fall in love with the special place you live for you and your loved ones to share.

 

Browse our website today you might just find a property you will love.

 



Rental market update for 2023

 

In many ways, the rental market has never been better. The industry is becoming more regulated, and more people are renting for longer due to the cost-of-living crisis. 2023 signifies a long future of what is becoming a much better relationship between landlords and tenants, with tenants enjoying more rights and becoming better protected with proposed changes such as the renter's reform bill.

 

You get what you pay and there is a strong case to be made that while costs are going up so is quality. Many people would rather pay a bit more and enjoy the peace of mind that comes with better contractual legislative agreements, and protection, more energy-efficient homes and better standards of property.

 

Higher standards

Over the years the standard of rented properties has improved massively. With some tenants choosing to invest in life experiences and quality of life over bricks and mortar. Life is an adventure and as the UK adopts a more European approach to renting, landlords invest more and more in providing great places to live. Modern refurbed houses, flats and apartments offer new energy-efficient appliances, integrated with technology so tenants can work from home.

 

The rental supply may improve

While demand for rented property is still strong this year there may be a small increase in the supply of rentals as some existing landlords sell up. Others will take the opportunity to evolve their property portfolios. The increase in supply will not be significant though. Many developers are completing projects this year; creating great living spaces, means some exciting new rentals are entering the market.

 

Renters are likely to house share

The rental market this year is seeing and will continue to see more house shares. Becoming more popular with young professionals in what was typically student-dominated areas not to mention suburbs. This is good news for tenants and landlords. Landlords spread the risk and don’t have to rely on one tenant while getting a good return. Tenants get a great place to live with all the facilities of a family home with a vibrant social scene without the sole responsibility of paying the rent.

 

Increase in demand for more compact properties

There’s also more demand for smaller more efficient homes such as one-and two-bedroom flats. Modern, clean and low maintenance is a more appealing way to live while you save to get a foot on the property ladder. Affordability is a big factor for tenants, some now renting a house, may decide to downsize to a flat. The appeal here is also lower running costs, heating and energy bills are generally more affordable in more compact properties.

 

Summary

Looking into the future is like looking into a crystal ball. That said one thing is certain when it comes to property markets the rental market is the most stable and most predictable with demand still soaring.

 

Looking for the perfect place to rent? Perhaps you are a landlord seeking new opportunities. Get in touch.

 



84 Alie Street, London, E1 8QB

Stunning 2 bedroom, 2 bathroom apartment located within MERANTI HOUSE in E1 is now available for sale. Measuring internally at 937 sqft plus BALCONY of 57 sqft...
 
£890,000

Click here to read 84 Alie Street, London, E1 8QB.



55 Upper Ground, London, SE1

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive landmark...
 
£899,000

Click here to read 55 Upper Ground, London, SE1.



COGO Presents James Hype Tickets4th March, 2023

Technical wizard James Hype returns to the Capital for a massive headline show at Studio 338 on 4th March 2023.

Click here to read COGO Presents James Hype Tickets4th March, 2023.



1 Royal Oak Yard, London, SE1  

Fabulous and well-located modern basement office space is available for letting in London Bridge SE1. The office benefits from being situated in a Prime Southbank spot, in a...
 
£3,593 PCM
 

Click here to read 1 Royal Oak Yard, London, SE1  .



Oakley House, Battersea Power Station, 10 Electric Boulevard, London, SW11 

A stunning two-bedroom, two-bathroom apartment measuring 900 Sq Ft in the brand-new Battersea Power Station is now available.
£6,912 PCM

Click here to read Oakley House, Battersea Power Station, 10 Electric Boulevard, London, SW11 .



Beechmore House, 5 Electric BoulevardSW11

A luxurious three-bedroom apartment located on the 11th floor of the Beechmore House, within the exciting new Battersea...
£6,500 PCM

Click here to read Beechmore House, 5 Electric BoulevardSW11.



1 Blackfriars, Blackfriars Road, London, SE1 

This stunning 2 bed 2 bath has been interior designed with luxury appliances and fixtures, residents will also benefit from a 24hr concierge & 5* spa and gym facilities, with high floor viewing and best services.
£7,000 PCM

Click here to read 1 Blackfriars, Blackfriars Road, London, SE1 .



1 Blackfriars, Blackfriars Road, London, SE1

This stunning 3 bed 3 bath apartment located in the innovative new development One Blackfriars. The property presented has been interior designed with luxury furniture and fixtures, residents will also benefit...
£15,167 PCM

Click here to read 1 Blackfriars, Blackfriars Road, London, SE1.



Trevor Place, Knightsbridge, London, SW7

The charming terraced house at Trevor Place is well-proportioned in the heart of Knightsbridge location. Here is close to all the amenities of the Brompton Road including, shopping, restaurants and transport.
£19,500 PCM

Click here to read Trevor Place, Knightsbridge, London, SW7.



1 Blackfriars, Blackfriars Road, London, SE1  

This stunning 3 bed 3 bath apartment located in the innovative new development One Blackfriars. The property presented has been interior designed with luxury furniture and fixtures, residents will also...
£26,000 PCM

Click here to read 1 Blackfriars, Blackfriars Road, London, SE1  .



31 Perry Vale, London, SE23

Excellently located for transport and amenities, this gorgeous one bedroom flat located on the 1st floor is set within a wonderful development offering a quality open-plan living area, double bedroom and high-quality fixtures and fittings.
£320,000

Click here to read 31 Perry Vale, London, SE23.



1 Clydesdale Road, London, W11 

This fantastic apartment is an ex-local authority building over the second and third floor of the building. The apartment It has solid flooring throughout the open plan modern kitchen and reception area with plenty of kitchen storage cupboards.
£695,000

Click here to read 1 Clydesdale Road, London, W11 .



Meranti House, 84 Alie Street, Aldgate, London, E1

The apartment comes with engineered wooden flooring throughout the halls and lounge, a high specification fully fitted open plan Poggenpohl kitchen with dishwasher, induction...
£890,000

Click here to read Meranti House, 84 Alie Street, Aldgate, London, E1.



Southbank Tower, 55 Upper Ground, London, SE1

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive landmark...
£899,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Ability Place, London, 37 Millharbour, London, E14

Alongside the outstanding large private terrace, the apartment features floor-to-ceiling windows which illuminate the entire apartment with natural...
£900,000

Click here to read Ability Place, London, 37 Millharbour, London, E14.



47 Bartholomew Cl, Barbican, London, EC1A 

A stunning 1 bedroom, 1 bathroom apartment with an exceptional brand new development Abernethy House in Barts Square.
£900,000

Click here to read 47 Bartholomew Cl, Barbican, London, EC1A .



7 Baltimore Wharf, London, E14 

This bright and spacious sub penthouse provides open plan living and has amazing views over the dock.This penthouse also offers panoramic views and has a very large balcony overlooking this city of London.
£1,365,000

Click here to read 7 Baltimore Wharf, London, E14 .



Southbank Tower, 55 Upper Ground, London, SE1

A luxurious 2 bedroom, 2 bathroom apartment is available for sale. Located in the iconic Southbank Tower, this fabulous apartment encompasses a fully fitted impressive kitchen, with an open plan receptio...
£1,400,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



3 Pan Peninsula Square, London, E14

With excellent transport links to the city, a 3 bedroom apartment one of Canary Wharf’s most prestigious addresses, is now available to sale.
£1,680,000

Click here to read 3 Pan Peninsula Square, London, E14.



Southbank Tower, 55 Upper Ground,London, SE1

The fabulous apartment encompasses a fully fitted impressive kitchen, 1364 sq ft, with an open plan, reception room designed to entertain with...
£2,350,000

Click here to read Southbank Tower, 55 Upper Ground,London, SE1.



Southbank Tower, 55 Upper Ground, London, SE1

A luxurious 2 double bedrooms, 2 bathrooms (1 en-suite)apartment plus winter garden that can be used as a third bedroom or study or formal dining room enjoying commanding north views of the river from Southbank Tower is available for sale.
£2,400,000

Click here to read Southbank Tower, 55 Upper Ground, London, SE1.



Southbank Tower, 55 Upper Ground, London, SE1 

A spectacular luxury 1 bedroom, 1 bathroom apartment located within this superb development with south-facing views. It is a confident, soaring design that is a distinctive landmark on London's cultural mile...
 
£3,033 PCM

Click here to read Southbank Tower, 55 Upper Ground, London, SE1 .



Merano Residence Albert Embankment, London, SE1 7GS

The largest apartment available in the building - This luxurious apartment has incredible direct views of the river with a large private balcony accessible from...
 
£5,850 PCM

Click here to read Merano Residence Albert Embankment, London, SE1 7GS.




Coldwell Banker
Ground Floor Office, 9 Belvedere Road, London, SE1 8YL
southbank@coldwellbanker.co.uk