July 15, 2016

Three weeks on: how the London market has reacted to the EU Referendum vote

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 8:11 pm

Ref graphic FHOur London Research Department assesses the reaction within the property market following the vote to leave the European Union, as at 15th July 2016.

The result of the Referendum was announced three weeks ago and although it is too early to gauge any marked trend in the property market, the immediate response evidenced by our offices appears relatively moderate.

Caution among buyers, sellers and EU tenants stemming from the uncertain economic and political position of withdrawing from the EU, which was very obvious in the months leading up to the vote, still resonates in the Press. However, looking at new demand for residential property from applicants registering their interest in buying or renting across our London offices, we have not detected any notable downturn in demand following 23 June.

The graph below shows the weekly average for the past three months of applicant registrations including the three week period following the Referendum.

 

main graph - FH

 

 

 

 

 

Among our London network of offices, there has been no significant fall in demand in the sales market which is relatively stable, just below its three month average. Demand for rental property started to gain momentum in the weeks leading up to the vote and has continued to increase since 23rd June.

The Sales Market

To help gauge pressure on house prices, we compare the proportion of those new entrants into the market registering interest to buy against those interested in selling. Our offices have seen a fairly steady ratio of three applicants to every seller over the past six months.

sales ratio - FH

 

 

 

 

 

 

 

 

 

 

 

However, despite relatively steady demand, transaction numbers have fallen and the market is likely to see a continuation of the lower number of sales across London in 2016 compared with last year. That has and will continue to be most pronounced at the high end, which has a greater degree of price sensitivity with the market still adjusting to the Stamp Duty reforms. In the prime central regions where overseas demand is more significant, the value of the Pound Sterling has made buying UK property cheaper. For example, for the Indian Rupee or the United States Dollar, the Pound is currently 13% lower than on the day of the Referendum. This ‘discount’ should attract investors and those looking to buy in London, especially those holding a medium to long term view. Despite the uncertainty over the future of Britain’s trading position, London is still likely to retain its ‘safe haven’ status. It is seen as one of the world’s leading Capital cities where its history, diverse architecture, quality of life and overall appeal to the international community is unique. Significantly, London’s resilience to previous major economic downturns has been proven.

In the lower value and peripheral areas of London where demand for housing is more heavily influenced by mortgage markets, the fact that the base interest rate has just been held at its record low of 0.5% and may be reduced in due course will support buyers’ ability to purchase. This bodes well for those re-mortgaging or new entrants to the housing market. Lenders may be rigid in passing on lower rates and still be strict on loan to value ratios but the historic low cost of borrowing will continue to underwrite demand and thus support prices.

However, what we are likely to see in London is greater price sensitivity and thus lower capital growth. In May, the Chancellor suggested that property values in the UK could be 10-18% under their expected trend by mid-2018 because of a short term economic shock following our withdrawal from EU membership. London is arguably most at risk due to being the least affordable region in the UK but the very constrained supply, low interest rates and our Capital’s institutional factors will help support prices. The Nationwide House Prices Index recorded London prices had grown 10% in the 12 months to July 2016. Therefore even with a fall in demand, it would need to be significant to stop annualised capital growth.

We have seen certain purchasers seeking to take advantage of the uncertainty by making offers well below asking prices and some vendors have agreed to discounts. However, we have also seen some record and full asking prices achieved which indicates that some purchasers are taking a longer term view over the value of properties they are purchasing.

The Lettings Market

Not unsurprisingly the lettings market has shown greater resilience than the sales market to the uncertainty leading up to the Referendum and continues to do so. On average, we have witnessed an increase in activity for those looking to rent a property. Comparing the ratio of prospective tenants to landlords, there has been some variation over the past six months but in the last three months there have been progressively more tenants seeking rented property across our London network. However this does mask some regional variations where those offices more reliant on European and corporate tenants have not seen such resilience.

lettings ratio - FH

 

 

 

 

 

 

 

 

 

 

 

 

Summary

Although both sales and rental demand appear to be stable following the vote to leave, Britain has not begun the negotiations of withdrawing from the EU and until the mechanics of re-establishing our trading positions have taken hold we will not know the extent of any adverse consequences. However we now have greater political stability with the rapid succession of our new Prime Minister and the swift appointment of a new Cabinet. The FTSE 350, which is more representative of British commerce, is at a higher level than before the Referendum as is the FTSE 100. The Bank of England is strategically ready to counter any downturn in economic activity through quantitative easing, relaxing commercial lending criteria and reducing the base interest rate. The Treasury may also implement fiscal measures such as reducing corporation tax to encourage more investment. The new Chancellor has already announced that he will aim to ‘scale back austerity’ and has pledged to ‘protect the City’. This improved political and economic position will encourage greater confidence and should help support prices.

Rob JSSS issue - CroppedRobert Butterworth
Head of London Research Department
robertbutterworth@frankharris.co.uk

Disclaimer: Any figures, commentary and opinion published in this report is for general information only and in no way intended as financial advice and should not be relied upon in any way. Frank Harris & Co., assumes no responsibility for any loss from the use of any material in this report.

June 1, 2016

Clerkenwell Design Week

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Tina Evans, Group Director, arriving in style

Clerkenwell continues to attract more creative businesses and architects per square mile than anywhere else on the planet!

Celebrating its 7th year, Clerkenwell Design Week has established itself as the UK’s leading independent design festival, with over 300 exhibiting brands and 35,000 attendees in 2015, the sales team at Frank Harris & Co., went along last week – attached are some of our highlights:

 

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Catellani & Smith Design

A leading Italian brand for decorative lighting, Catellani & Smith offer a unique blend of timeless design style and technical innovation. The company is recognised for its skill in producing bespoke solutions for small or large lighting projects. (this is for the ball of lights)

 

 

 

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Graypants Cardboard Lights

Graypants cleverly design their unique lighting using custom-made pure white corrugated cardboard precision cut on advanced machinery.

 

 

 

 

 

 

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Living Tower

Samantha and Nicola tried out the “Living Tower” at the Vitra showroom.

Verner Pantons Living Tower is a furniture sculpture that can be used on four different levels and is over two meters high, the upholstered seating tower has a stable understructure made of birch plywood.

 

Frank Harris & Co., based in Long Lane, EC1A 9ET, specialises in the sales and lettings of houses and flats throughout the Barbican, City, Clerkenwell areas of Central London. We are experts in handling property in some of the Capital’s most sought-after areas and have in-depth knowledge of local landmarks such as Smithfield, Exmouth Market, Farringdon and St Paul’s as well as the low-down on the best places to eat, drink and relax.  Please do call us on 020 7600 7000 for more information.

 

 

 

 

 

 

May 10, 2016

Clerkenwell duplex penthouse with outstanding views

Filed under: Latest News — Tags: , , , , — Frank Harris @ 3:11 pm
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Charterhouse Square, London, EC1M

Sitting on the balcony of this duplex penthouse drinking a glass of wine, listening to the bells of St Paul’s or nearby St Bartholomew’s you can imagine the monks who lived in the monastery next door hearing the same sounds hundreds of years before. This 1853 sqft apartment overlooks The Charterhouse, a former monastery dating back to the 14th century, now a hidden oasis that remains one of London’s best-kept secrets. Visiting its beautiful gardens, it is hard to believe you are on the doorstep of one of the world’s financial centres and moments from Farringdon Station, whose new Elizabeth Line will give super-fast access across the capital.

Forming the top two floors of this redeveloped Georgian building and with its own direct lift access, the apartment combines period charm with lavish modern fittings. There are three double bedrooms (the

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Charterhouse Square, London, EC1M

master has a walk in dressing room and access onto the terrace), two en-suite bathrooms, cloakroom, reception room (with exposed brickwork and views over Charterhouse Square and The Charterhouse), fitted kitchen, roof terrace (also accessible from the hall), and internal lift serving both floors.

You will also be able to enjoy Charterhouse Square’s private gardens for an evening stroll or lazy summer picnics on the grass.

May 9, 2016

£5 wine flights at London Wine Week

Filed under: Latest News — Tags: , , , — Frank Harris @ 9:32 am

London Wine Week is fast becoming one of the highlights of the capital’s summer calendar and this year includes more than 100 bars and restaurants.

The hub of the festival is in beautiful Devonshire Square in the City and includes an array of pop-ups that will take you around the world, glass by glass.

The best way to enjoy the festival is to buy a £10 London Wine Week wristband and take advantage of £5 wine flights offered to wearers. This includes award-winning sparkling wine from the festival’s hosts, Nyetimber, whose vineyards span West Sussex and Hampshire.

If you haven’t been to Devonshire Square this is the perfect excuse as its five-acre campus a stone’s throw from Liverpool Street station is a lovely mix of apartments, offices and shops.

As well as being home to the Nyetimber Hub, Devonshire Square’s large open terrace will feature 15 wines at the Wines of Portugal Discovery Bar and a dozen from Vins de Provence. Vins de Provence’s laid back beach-themed bar will be serving delicious rosé from the south of France – perfect if the weather is kind.

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Image: DrinkUp.London

London Wine Week extends far beyond the City and includes bars and restaurants from Soho to Shoreditch, King’s Cross to Bankside. There are a number of wine-related events including blind tastings, wine-pairing dinners and our personal favourite, an evening celebrating the meeting of wine and label design (hosted by Clerkenwell’s London’s 155 Bar & Kitchen).

 

London Wine Week runs from 23 to 29 May. Full details about the festival and how to buy your £10 wristband can be found at www.londonwineweek.com

May 8, 2016

London’s Garden Squares open their gates

Filed under: Latest News — Tags: , , , , — Frank Harris @ 9:19 am
Nomura International PLC roof garden © Diana Jarvis

Nomura International PLC roof garden © Diana Jarvis

More than 200 London gardens will be opened to the public at this year’s Open Garden Squares Weekend.

Highlights this year include:

  • Museum of the Order of St John, EC1V. The Cloister Garden was re-landscaped as part of redevelopment of the museum in 2010 and includes medicinal plants and herbs. There will be the chance to make a medieval soap ball using some of the herbs that would have been used by the Knights Hospitaller to treat their patients. The London Tea Party Company will be running a pop-up café and there will also be plants for sale and a children’s trail.
  • SOAS Japanese-Inspired Roof Garden. The School of Oriental and African Studies has a small, modern Japanese-style roof garden that features a karesansui (dry landscape) with rocks, a chequerboard planting of lemon thyme alternating with grey pebbles, an engraved water basin and a raised platform for performances. The theme of the garden is ‘forgiveness’ and it is a space for quiet contemplation and meditation.
  • Beech Gardens – The Barbican Estate, EC2Y. One of the City’s newest gardens, it was designed by Professor Nigel Dunnett, best known for his work at the Queen Elizabeth Olympic Park. It includes 22,000 herbaceous plants, selected to provide colour and interest throughout the flowering season and fourteen multi-stemmed trees, planted to provide structure, height and interest to the garden.

    © Canary Wharf Group PLC

    © Canary Wharf Group PLC

  • Red Cross Garden, Redcross Way, SE1 1HA. This delightful little garden was originally laid out in 1887 on the site of a derelict paper factory by Octavia Hill, the Victorian philanthropist and co-founder of the National Trust as ‘an open-air sitting-room’ for the people of Southwark. In its heyday it was the scene of the annual Southwark flower show as well as concerts and fêtes. It is now run as a community garden and has won numerous awards.

Several gardens will be holding special events, with 27 gardens hosting poets in residence composing new work. There are also free group cycle rides taking in gardens throughout London, including Bloomsbury and the City of London.

Open Garden Squares Weekend is on 18 and 19 June across London. More information can be found at www.opensquares.org.

May 6, 2016

Visit London’s museums – at night

Filed under: Latest News — Tags: , , , , — Frank Harris @ 2:53 pm

More than 30 museums and galleries across London will be opening their doors late for Museums at Night, the UK’s after-hours festival of arts, culture and heritage. As well as the chance to see some of the capital’s best venues in a new light, there will also be gigs, art happenings, twilight screenings and all-night sleepovers.

We’ve picked out some local highlights for you to enjoy:

  • Bank of England Museum, Bartholomew Lane. EC2R 8AH (13 May)Bank of England_Gold bars (c) Bank of England Museum
  • As well as a chance to view the Bank’s latest exhibition, Capturing the City, banknote experts will be giving talks about note design and security, and discussing the new £5 note featuring Sir Winston Churchill launching this September. Members of the Bank’s bullion team will be on hand to answer questions about gold, and visitors can try their hand at lifting a genuine bar of gold – at 13 kilos it’s surprisingly heavy.
  • Graphic Novel Night at the Cartoon Museum, 35 Little Russell St, WC1A 2HH (12 May).
  • To celebrate its 10th birthday, the museum is having an evening opening of its new exhibition, The Great British Graphic Novel. This includes more than 100 original artworks going back 300 years in a groundbreaking retrospective of the evolution of the graphic novel in the UK.
  • Under the Skin Taxidermy: The Grant Museum of Zoology, University College London, 21 University St, WC1E 6DE (14 May)
  • At this late opening of the museum you can enjoy a pop bar of taxidermy-themed cocktails, a special playlist and live taxidermy by ethical taxidermist Jazmine Miles-Long. There will also be an exclusive viewing of the film short Walter Potter: The Man Who Married Kittens.
  • The Hip Hop Shakespeare Company, British Library, The British Library 96 Euston Road London NW1 2DB (13 May)
  • BAFTA and MOBO award-winning hip hop artist Akala Hip is hosting a special evening of poetry, music and modern day storytelling performed by The Hip Hop Shakespeare Company. Expect a medley of songs inspired by scenes and themes from Shakespeare plays and sonnets.

Museums at Night, 11 to 14 May. For full details of venues and events go to www.museumsatnight.org.uk.

 

April 11, 2016

My Patch

Filed under: Latest News — Tags: , , , , — Frank Harris @ 10:19 am
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Tina Evans, Group Director

My Patch

Tina Evans, Group Director of Frank Harris & Company, Jackson-Stops & Staff’s associated offices in the City of London, tells us why she lives and breathes this unique part of London:

 

Where do you live and why?

I moved to the South Bank three years ago and love it here. I wanted an easy commute and most days I walk to my office in the City. My flat is off Lower Marsh, behind Waterloo station, which is a wonderfully quirky street with an excellent food market and a number of specialist shops you can’t find anywhere else in London.

 

What are the main changes you’ve seen in the time you’ve worked in the City?

The biggest change is that people now have their main home here whereas in the past it was largely a place people only stayed during the week. We’ve been selling flats in the Barbican for more than 30 years and it’s become a magnet for families, couples, empty nesters, even retirees, as have the rest of the City and surrounding areas. There’s so much more to do in the City now, especially in the evenings and on the weekends.

 

What are the latest trends in property design in the area?

People are far more design conscious nowadays. You see all sorts of flooring – wood, cork, rubber, for example, and a huge variety of kitchen worktops – concrete, granite, stainless steel, marble etc.

 

Where’s the best place to go for a Friday night cocktail?

Bird of Smithfield opposite Smithfield market has a lovely roof garden – great for a glass of Prosecco on a warm evening.

 

…and a perfect place for Sunday brunch?  

Capricci, round the corner from the Tate Modern, is a classic Italian that uses fresh ingredients.

The Vaults

The Vaults, SE1

Graffiti Tunnels

Graffiti Tunnels, SE1

 

 

 

 

 

 

 

 

 

 

 

And finally, tell us a little known fact about the area?

There’s a new development in Shoreditch that will include a 200-seat amphitheatre and heritage centre on the site of Shakespeare’s Curtain Theatre, which is where Romeo and Juliet and Henry V were first performed in 1577.

Email: tinaevans@frankharris.co.uk   Tel: 020 7600 7000

March 2, 2016

Put a touch of spring in your property

Filed under: Latest News — Frank Harris @ 11:14 am

img_1949_0_40a07cd4684b02a8_0_004b02a84b02a8“Calm, neutral colours can instantly brighten and freshen a home,” says property stylist Michele Haynes. She recommends repainting with Dulux Neutrals as a great way to give your property an instant lift, whether you are gearing up for a sale or just fancy a Spring spruce.

Michele Haynes can be contacted at m.haynes@haynesinteriors.co.uk or on 07984 884408.

Top London property market trends for 2016

Filed under: Latest News — Tags: , , , — Frank Harris @ 9:58 am
Nicholas Butterworth, CEO

Nicholas Butterworth, CEO

Predicting market movements is always more of an art than a science but there are aspects of the property market which provide good indicators for future trends. Our Chief Executive Officer, Nick Butterworth, explains his expectations on how the London property market will perform in 2016.

Last year the prime central London market was dampened by a series of events starting with the uncertainty surrounding the General Election, followed by tax changes introduced in the post-election budget. Commentators and agents now universally agree that the significant increases in Stamp Duty Land Tax and other tax changes affecting overseas owners and corporate ownership of property have had a marked affect on demand.

Latest figures from Land Registry show that prices increased by 3.6% in Kensington and Chelsea and by 6.1% in Westminster, significantly down on previous years. Notably, in the higher value market there was a 30% decrease in the number of properties sold above £5m in central London. We anticipate that those fiscal changes will continue to effect demand in prime central London where we forecast only marginal price increases of 1% to 2% this year. Looking at the wider market beyond the core, the imbalance in supply and demand will continue and we expect house prices to increase by approximately 5% across Greater London.

Since the start of 2016 we have seen an increase in registrations from both prospective purchasers and tenants in all our London offices and that continuing demand needs to be measured against supply. 2015 saw 47,000 units under construction in the capital, some 90% up on the last peak in 2007 according to EGi’s London Residential Research. With no sign of any significant concentration in supply, other than in certain locations such as the Vauxhall & Nine Elms Regeneration Area or further out in Croydon, demand is likely to exceed supply. Such demand is encouraged by the historically low interest rates and while there is constant talk of the inevitable increase in borrowing rates, the latest indications are that the Bank of England is not likely to raise rates before 2017.

Other factors we take in to account when forecasting market movements include the strength of sterling which has been losing strength against a number of currencies in the last few months and maxes UK property increasingly attractive to purchasers from overseas. To put this into context, transferring £1m to the UK today would cost a purchaser from the US $148,000 less than it would have in June 2015. Similar positive exchange benefits would apply to purchasers from Hong Kong, Singapore and the Middle East. Finally, employment and population growth are important factors to consider and data for both indicate decreasing unemployment and population growth across London this year.

With pricing and taxation reducing demand in prime central London last year, areas that have benefitted from an outward movement of purchasers included Richmond, Wimbledon and Weybridge. Those and other areas that showed a high level of activity and annual price growth in 2015 are likely to remain popular this year. These include the boroughs of Barking and Dagenham, Enfield, Lewisham and Merton.

In terms of lettings, the average rent should remain pretty stable in 2016. We anticipate a continuing softening in demand for high-value rented property with reduced requirements from the corporate sector but an increase in rent of between 3% and 5% for mid-range properties, where demand is greatest. The most in-demand properties are one and two bedroom apartments in Pimlico, Wimbledon and Teddington. Demand will continue for apartments in the City of London and we anticipate increased interest in areas such as Bloomsbury and Covent Garden. Traditionally we would have seen students dominating the rental market in these areas but we are now seeing more professionals moving in to take advantage of these excellent central locations. In terms of supply, new developments in Kings Cross, due to be completed this year will serve to satisfy demand and thus limit price growth in the locality.

While the global picture is concerning with the continuing distress in the Arab world, economic slowdown in China and renewed fears about the economic recovery in the Eurozone that have contributed to significant fluctuations in world stock markets, we see property in London remaining the safe haven that it has been for many years and demand albeit moderated from overseas combined with continuing domestic demand will support activity and prices but at lower levels than we have seen in recent years.

February 25, 2016

Fascinating Somerset House exhibition of post-war public art

Filed under: Latest News — Tags: , , , — Frank Harris @ 12:06 pm

CaptureA new exhibition at Somerset House tells the fascinating yet forgotten story of public art created in England in the forty years after the war.

The show features work by many of the country’s pioneering artists and includes bronze scale models of Elisabeth Frink’s Boar in Harlow and Barbara Hepworth’s Winged Figure on the side of John Lewis, Oxford Street. Out There follows the fates and fortunes of specific sculptures and reliefs by several celebrated artists including Ralph Brown, Geoffrey Clarke and Henry Moore.

The story of the art is told through scale models, photographs, drawings and letters. Some pieces have been lost and others damaged, moved or even destroyed. Many are enjoyed and loved throughout the country.

Art on show includes an ambitious fibre-glass architectural relief by Paul Mount that was saved from a skip by an enthusiast after its removal from a Falmouth supermarket. If it takes your fancy and you have the space, it is in need of a new home.

Also, on display is Trevor Tennant’s 1963 architectural relief that was designed for the entrance hall of Welwyn Garden City’s Queen Elizabeth II Hospital and rescued by a resident doctor.

This is Historic England’s first major exhibition and following their call for information on missing public art in December contains a wall of images of public art that has disappeared. It is hoped that visitors to the exhibition might know the whereabouts of some of the pieces shown.

Elisabeth Frink’s Boar in Harlow

Elisabeth Frink’s Boar in Harlow

Sarah Gaventa, who curated the exhibition, commented:

Out There is part cultural history and part detective story, a tale of the ambition to create a better world through art, and the fates and fortune of the work created for it.”

Out There: Our Post-War Public Art is on at Somerset House, East Wing Galleries, 3 February – 10 April  2016. Admission £6.50, concessions £5.00. somersethouse.org.uk

February 24, 2016

Come and visit our restyled South Bank and Waterloo office

Filed under: Latest News — Tags: , , , , — Frank Harris @ 10:31 am

FH Office receptionOur South Bank office has had a complete makeover that has transformed its whole look and feel.

From the outside you can’t fail to notice the state of the art window displays, brilliantly designed to showcase the properties we have for sale and rent.

Inside, the industrial chic interior blends in perfectly with our branding and makes it a lovely place to work, as well as meet clients and applicants.DSC01372

We had great feedback about the restyled office at our recent ‘relaunch’ party that was attended by a number of landlords, vendors, investors and relocation agents.

The office is in Stamford Street between Waterloo and Blackfriars Bridge and if you are in the area please pop in, say hello and take a look around.

If you would like to discuss the sale or letting of your South Bank or Waterloo property, please email Tony George at tonygeorge@frankharris.co.uk.

Frank Harris & Co.,
123 Stamford Street, London, SE1 9NN, 020 7620 3400.

February 23, 2016

Landlords beware: new ‘right to rent’ rules now in place

Filed under: Latest News — Tags: , , , , — Frank Harris @ 10:57 am

passport-576913_1280Landlords must carry out a ‘right to rent’ check on tenants taking new tenancies starting on or after 1 February 2016 

New rules that came into force on 1 February state that a person may only become a private tenant if they have a ‘right to rent’. The rules are intended to stop illegal immigrants entering into tenancies.

Tenants have a right to rent if they are a:

  • British citizen
  • citizen of a country in the EU or European Economic Area (EEA) or Switzerland
  • citizen of another country with no time limits on their permission to live in the UK (e.g. indefinite leave to remain)

Landlords (or their lettings agents) are required to check the right to rent status of tenants and anyone over the age of 18 who will be living in their property. No checks are necessary for children under 18 or guests.

Landlords will need to see a tenant’s passport or in the case of British or Irish citizens their birth certificate and another accepted proof of identity (such as a driving licence). In some circumstances where a tenant cannot supply the relevant documents, landlords can ask for a right to rent check from the Home Office.

Landlords are entitled to charge a fee for carrying out this check. It is a criminal offence for landlords not to make these checks and failure to do so carries a fine of up to £1,000 per illegal immigrant (and up to £3,000 for repeat offences).

For more information about the new rules, click here.

As letting agents, Frank Harris & Co. can carry out these checks on landlords’ behalf.

To find out how Frank Harris can take away the hassle of managing or renting out your property, please contact our management team on 020 7600 7000 or email propertymanagement@frankharris.co.uk.

February 22, 2016

Bloomsbury sales and lettings market snapshot

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 9:22 am
Bloomsbury Plaza, London, WC1B

Bloomsbury Plaza, London, WC1B

It has been a busy start to the year in our Bloomsbury, King’s Cross & Fitzrovia and Holborn, Covent Garden and Soho offices. So much so that since the turn of the year, our Southampton Row has achieved 103% of asking price on all properties sale agreed.

A Grade II* listed freehold house in the Bloomsbury Conservation Area is just one of the outstanding properties we have on the market at the moment. Arranged over five levels, the interior-designed 19th century property is placed at the end of picturesque terrace overlooking the striking Regency-style St Pancras Church. Offering approximately 2,300 square feet, this is a beautiful, spacious family home with flexible accommodation on the market for £2.8m.

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Harlequin Court, London, WC2E

If an apartment is more your style, this is a rare opportunity to buy a luxury three bedroom apartment situated between Bloomsbury, Covent Garden and Oxford Circus. The apartment benefits from a lift and two private underground spaces as well as a video entry system and a porter. Price: £1,699,950.

If you are looking to rent rather than buy, you may be interested in this modern and stylish rental apartment set down a quiet side street in the heart of Covent Garden. Available for £995 per week, it has two large double bedrooms, two bathrooms and a bright open-plan kitchen/reception.

Details of all our sales and lettings properties across all our offices can be found on our website.

February 19, 2016

Four new townhouses for sale in vibrant Shoreditch

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 1:39 pm
Dereham Place, London, EC2A

Dereham Place, London, EC2A

Frank Harris & Co is selling four new Shoreditch townhouses, each of which comes with a private balcony, high specification finish and its own integrated garage. You can take a virtual tour of the houses on our website here and here.

Shoreditch is renowned as one of London’s most vibrant districts, brimming with places to sleep, shop and eat. To give us a flavour of what buyers can expect from the area and to tell us a bit about its history, we spoke to London Blue Badge Tour Guide Pepe Martinez.

“It is right in the heart of one of London’s creative hubs and there is so much going on.

Twenty years ago it was an area you wouldn’t have taken your mother in law to visit never mind lived in. It has gone through this massive transformation that is particularly related to what is going on in Old Street and the ‘flat white economy’.

Did you know that between 2012 and 2014, there were 32,000 new start-ups within half a mile of the EC1V postcode mainly Internet based companies? Shoreditch has tapped right into the culture of these businesses.

As a result, it has changed so much. In 1993 there was a fair in Hoxton Square called ‘A Fete Worse than Death’ at which Damien Hirst sold painting for £1 and Tracy Emin is said to have given crystal ball readings. That is where it all began really – what is sometimes referred to as the artification of Shoreditch.

In terms of art, the area is associated with Banksy more than anyone else. In 2001 he held his first unofficial show when he spray-painted a dozen works in Rivington Street. The police closed the show down after three days. Two of the artworks can still be seen on the walls of the Cargo nightclub. The fact that Cargo is on private property explains why the artworks have survived so long.

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Dereham Place, London, EC2A

What makes Shoreditch special isn’t the buildings, it’s the vibe. It is very alive, you can feel the creativity and buzz. Redchurch Street was recently voted the trendiest street in the world by an American magazine.

There are new things opening all the time. Amazon’s new headquarters are going up at the moment. And as well as the Nobu hotel opening this year, there is the Courthouse Hotel on Old Street where the Magistrates’ Court used to be, and a new hotel and private members club, The Curtain.

Round the corner from that is a development called the Stage that is launching in March. This will be a 37-storey residential tower that will include shops and restaurants as well as a 200-seat amphitheater and heritage centre built on the site of Shakespeare’s Curtain Theatre. It was in this theatre that Romeo and Juliet and Henry V were first performed in 1577.

Dereham Place, London, EC2A

Dereham Place, London, EC2A

The history of Shoreditch is indelibly linked with Spitalfields next door. Huguenot silk weavers fled to London in their tens of thousands after 1685 when Louis XIV condoned state sanctioned persecution of Protestants in France. Most were craftsmen of some sort, watchmakers and especially silk weavers, a few of them quite wealthy merchants. They built themselves houses in Spitalfields and at the top of the houses they put in big attic rooms for their looms. One of these houses is open to the public: Dennis Severs’ House at 18 Folgate Street.”

The new Shoreditch townhouses Frank Harris & Co. has for sale are set in a courtyard in Dereham Place in the heart of Shoreditch, and hidden behind striking glass and timber exteriors. They are within easy walking distance of the City and close to several transport links. You can view full details of the properties on our website here and here. Asking price: £1,500,000.

Pepe Martinez is available to give Blue Badge walks all over London and be contacted
on 07956 919229 or via this
website.

February 11, 2016

Regency style Bloomsbury Freehold House

Filed under: Latest News — Tags: , , , — Frank Harris @ 12:55 pm

2 Duke's Road13_loAmazing Grade II* Listed interior-designed early 19th Century Freehold house arranged over five levels. Offering approximately 2,300 sq. ft. and placed at the end of a picturesque terrace.

With views overlooking the striking Regency style Saint Pancras Church, the property provides comfortable, bright accommodation for family and guests. A flexible offering of three to four bedrooms, two reception rooms with multiple aspects and high ceilings, two kitchens (one of which is by Plain English), three bathrooms, a utility room, plus a south west facing paved and walled garden and substantial basement vaults.

Set within the sought-after Bloomsbury Conservation area this wonderful home is a must see for anybody looking for a spacious home, in very good order and boasting plentiful original period features. MAR090080_19The convenient layout could allow the lower ground floor of the property to be used as a separate living accommodation.

 The house is well placed for access to Fitzrovia, the Bloomsbury Institutions and the Inns of Court, and enjoys excellent transport links from nearby stations: Euston, St Pancras International, King’s Cross and Russell Square.

 

December 1, 2015

Commemorative plaque on Downing Court

Old Building

c.1929 of 8-10 Grenville Street

PlaqueYesterday, 30th November, saw the unveiling of the Marchmont Association’s commemorative plaque to JM Barrie, the famous author of Peter Pan who moved to London in 1885 to pursue a career in writing. He initially took lodgings in Guilford Street and Grenville Street here in Bloomsbury.

Whilst Peter Pan was not written at the time Barrie lived in the area he nonetheless placed the Darlings’ home on Grenville Street with views overlooking Brunswick Square.

The photo c.1929 of 8-10 Grenville Street cross referenced with a map of 1799 shows that No. 8 was on the corner of Grenville Street and Bernard Street, with windows facing into Brunswick Square – a perfect fit with the narrative suggested by Barrie scholars.

Frank Harris & Co. is delighted to be one of the donors to the cost of the plaque which now sits proud on this popular and attractive block of flats known as Downing Court whose design echoes the shape of an old Nurses’ Home run by the Throat Nose and Ear Hospital on Gray’s Inn Road was demolished in 1938 and replaced the following year by the present-day apartment building.

 Building

November 18, 2015

Show apartment for Barbican’s Blake Tower available to view from Thurs 19 November

202_2_Bed_Living_08The opening of the Blake Tower show apartment marks the launch of the next phase of the sale of Redrow Homes’ collection of 74 sleek new Barbican apartments. The development comprises studio, one, two and three bedroom apartments and penthouses in the Grade II listed tower designed by Barbican architects Chamberlin, Powell and Bon.

The building shares the Barbican’s iconic lines and concrete finish and Conran and Partners have integrated these features into the new living spaces. The interiors celebrate and refine the building’s 217_2Bed_Kitchen_Cameoheritage while at the same time reimagining the Barbican for today’s discerning Londoner.

Residents of Blake Tower will benefit from full access to the extensive residents’ amenities of the Barbican, including dedicated daytime concierge and allocated underground parking (by separate agreement).

Features of the Blake Tower development:

  • New 150 year leases
  • A 10 year building warranty
  • Close to Farringdon Station, a key Crossrail hub when it opens in 2018.

Blake Tower is due to be completed in Q1 2017.

214_Bathroom_CameoThe show apartment and marketing suite for Barbican’s Blake Tower development by Redrow Homes opens on Thursday 19 November. 

For more information about Blake Tower or if you would like to visit the show apartment, please contact us on 020 7600 7000.

New South Bank development built around central courtyard garden

Filed under: Latest News — Tags: , , , , , , , — Frank Harris @ 10:24 am

 

3163_Valentine_Place_CGI_A smallValentine Place, SE1 is a collection of 42 new homes nestled around a central courtyard garden on the vibrant South Bank. The development by Crest Nicholson comprises one, two and three bedroom apartments, penthouses, duplexes and mews houses from £730,000.

The contemporary warehouse style blends with the retained period façade of the Maltina bakery building that was formerly on the site. The development is in a quiet road moments from Southwark underground station.

Features of the development include:

  • Modern interiors with full height doors, hard wood flooring, Siemens appliances and luxury bathrooms
  • Most apartments served by passenger lifts
  • Concierge service
  • Cycle storage with secure access
  • Local car sharing club within 160m

3163_Valentine_Place_CGI_C smallThe South Bank is home to some of London’s most iconic landmarks, including the National Theatre, Tate Modern and the London Eye. It is also a cultural hub with an abundance of cafes and restaurants. This, and the Southbank Centre’s many festivals, makes it the most dynamic stretch of the Thames.

Valentine Place is in Zone 1 and is highly accessible for public transport:

  • Southwark Station – 320m (Jubilee line)
  • Waterloo Station – 480m (National Rail, Jubilee, Northern, Waterloo & City and Bakerloo Underground lines)
  • Blackfriars Station – 800m away (National Rail, District and Circle Underground lines).

The development is expected to complete in the summer of 2016.

If you would like to visit the sales suite at 42 Southwark Street, London SE1 please contact Frank Harris & Co.’s South Bank sales office on 020 7620 3400.

November 17, 2015

Winter Lighting Tips from the ‘London House Doctor’

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 6:33 pm

Glass_Pendants_HR3With the evenings drawing in, now is the perfect time to think about your lighting.  We asked the ‘London House Doctor’ Michele Haynes for tips on how to light up your home this winter.

Lighting should be multi-layered and you should bear in mind that that there are three main types of lighting.

Firstly, there is ambient lighting. This is the general lighting of your room and sets the background.  This could be down lights, table lamps and wall lights.

Next, is task lighting such as undermounted kitchen cupboard lights, wall mounted or bathroom cabinet lights.

Finally, there is the lighting you use to create the mood you want for different times of the day. For example, feature lighting can draw attention to a particular item in the room, such as a wall light mounted above your favourite piece of art or a niche in the wall with special artefacts.Glass_Pendants_HR1

This is where dimmers are incredibly useful. They enable you to bring the ambient lighting down low and let the feature light shine and create drama in a room.

How to plan your lighting

If you have bought a new property that needs renovating, sketch out a lighting plan before you start your works. You don’t want to damage any beautifully painted walls at a later date.

Curiousa_PearDropsThe first thing to consider is how your furniture will be laid out. Then plan your lighting using the three layers mentioned above and remember any special items you would like to highlight or become a feature.

Walls often get overlooked, so consider putting in up-lighters, wall washes and picture lights.  People tend to look at the walls not the ceilings when entering spaces, so don’t just focus just on the pendant.

TIP: If you plan to place your sofa in the middle of the room, try to put a few sockets in the floor, so that you can add a side light and avoid a trailing flex.

Current lighting trends

Wood and coloured glass is strong at the moment.  Look at Tom Raffield’s wooden lights or Curiousa & Curiousa’s fantastic hand blown lights.

For more information contact Michele Haynes at m.haynes@haynesinteriors.co.uk www.haynesinteriors.co.uk or on 07984 884408.
All the above lights by Curiousa & Curiousa.

November 16, 2015

Market your property now to catch the Christmas surge

Filed under: Latest News — Tags: , , , , — Frank Harris @ 12:15 pm

houseWhat will you be doing this Boxing Day? Searching for bargains at the sales, going to a football match or perhaps lying on the sofa watching your new box set? Whatever your choice, one thing is certain. People all over the UK will be house hunting online.

Winter used to be a dead time to sell property but the ‘festive surge’ means it is now one of the busiest times of the year.

Figures released by Rightmove show that last December/January they achieved record figures, with the days from Boxing Day onwards seeing a huge surge. The total number of visitors to the site in the month to 15 January was 106m, up 27% compared to last year.

And page views, the best indicator of activity on the site, surpassed 1.5 billion for the first time. Online viewers were browsing more than 1,000 pages every second. As a result, email and telephone enquiries to agents reached 4.3m for the first time.

All of these facts and figures show that the festive period is a time when more people think about moving than at any other time of year. So, if you are serious about selling your property, don’t wait until the New Year or you risk missing the festive rush.

If you would like to discuss marketing your property before Christmas, please contact us now.

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