June 24, 2015

A little square of Cambridge in EC4

Frank Harris-St Dunstans House-12Walking down Fetter Lane, you could be anywhere; towering glass facades loom above you harbouring City office workers in their great steel structures. The buildings resemble those of any big, modern city, that is until you arrive at The Maughan Library. Its fine neo-gothic fascia transports you to the backs of Cambridge, minus the river River Cam of course!

The Maughan Library is a Grade II* listed building, the main library for King’s College London and home to a dodecagonal reading room similar to the more famous Reading Room at the British Museum. Although the building we see today was originally completed in 1851, the background of the site dates back to the middle ages where amongst other uses it was a store house for scrolls and records of the Chancery. The building continued to house records until the late 1990s under its title of Public Records Office. In 2001 the building was acquired by the University and a £35million makeover was undertaken which left the edifice in the pristine condition in which it can be found today, positively gleaming as it straddles the land between Chancery Lane and Fetter Lane, EC4.Frank Harris-St Dunstans House-2

Frank Harris & Co. are proud to introduce a beautiful two bedroom, two bathroom property within the new St Dunstan’s development on Fetter Lane. The property has a wonderful West facing aspect with a wraparound balcony which sits above the green of the library grounds. The apartment is wonderfully light, the light bouncing off the golden façade of the library back into the brilliantly designed kitchen/living room; this aspect also allows for near silence and tranquillity within the property, a rare quality for a building in the centre of London. If you would like to see this property, please call the sales team at Frank Harris & Co. City Office on 020 7600 7000 or email city@frankharris.co.uk.

Frank Harris-St Dunstans House-16

June 12, 2015

Latest Findings from Frank Harris Research

Filed under: Latest News — Tags: , , , , , , , — Frank Harris @ 8:31 am

Average prices in London are continuing to grow strongly. All but four boroughs experienced double digit annual price increases according to the latest Land Registry data published (up to May 2015). The lowest annual change in price growth was recorded in Kensington and Chelsea (4.4%) and Westminster (6.4%) among all London boroughs (10.9%). Higher taxes levied, interfering most with the top end property market (stamp duty, capital gains and ATED), along with concern over the election, has undoubtedly been the main reason behind prime London slowing down.

 

The majority Conservative government means that no mansion tax or major reform of the lettings market will be implemented. Their handling and plan for the economy is also potentially the most conducive to economic growth. There were expectations of a marked increase in demand after the election; however, this has not been the case, although an Autumn pick-up is now anticipated. The higher taxes, consistent price growth seen over the last five years, as well as more stringent lending restrictions, have all affected demand. This is a permanent trend and will likely prevent the prime boroughs returning to double digit growth for a while. These are natural economic suppressors on demand and potentially healthy in helping the market slow down to avoid unsustainable price inflation.

 

For the first time since the financial crisis, we are seeing outer boroughs of London outperform prime central areas as a consistent trend. Pure equity (cash funding), resilience to economic troubles and better sentiment among centrally orientated buyers, particularly from abroad, saw strong demand fuel price growth in London’s prime boroughs. However we now see that the comparative value in peripheral markets coupled with a resurgence in domestic demand has fuelled these non-central boroughs to rise disproportionally.

 

Looking forward, better economic performance (with consumer and business sentiment increasing, rising real earnings and low interest rates) will raise activity both among borrowers and lenders, spurring more transactions in the market. Market commentators are estimating prime central prices to rise approximately 20-25% to the end of 2019, therefore continued growth is predicted (although not as in the last few years when this would have occurred in just 12 months). Having just overcome a major degree of uncertainty among buyers and sellers, we will now see the EU membership referendum (potentially having significant implications for London) and mayoral elections influencing on demand over the next two years. However the UK and housing market’s economic fundamentals remain strong, paving the way for continued growth.

 

Source: Land Registry/Frank Harris Research

Source: Land Registry/Frank Harris Research

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rentals

 

Rental growth is being recorded by all major price indices. Supply and demand has been affected by the election, with some postponing a decision to let and some sales applicants deciding to rent for the interim. The RICS reports that in a three month period up until May, both rental demand and new instructions increased with price expectations positive going forward. Supply has been reported to have risen steadily for the last three years, potentially slowing price growth but more positively allowing for increased activity. Looking at the drivers of demand, one major aspect – employment in the service sector, in particular the finance sector, is improving. Rental yields have risen slightly, with capital growth in central London slowing.

October 24, 2014

Delights of Smithfield

202805_BAR120133CVictoria from our Long Lane Office was very kindly treated to lunch by some future clients of Frank Harris & Co. at Smiths of Smithfield. Home to four different dining spaces, Smiths is one of the many exciting eating houses Farringdon has to offer and it certainly did not disappoint as a lunch venue.

 

Each of the four floors offer a different experience: the ground floor is a relaxed bar which serves food all day- the décor is quite industrial which reflects the working nature of the environment in Smithfield; the first floor is a lounge style cocktail bar with softer interiors than the floor below. Moving up the building the second floor restaurant has an open kitchen with darker tables which add a sophisticated feel to the exposed brick walls; the top floor restaurant is the epitome of fine dining- the white table cloths and bright view over the meat market and local rooftops make this floor feel truly ethereal.

Victoria enjoyed a fantastic lunch at the Second Floor Dining Room. The provenance of the main ingredients is listed on the right-hand side of the menu with most of the meat produce making the short journey from butchers located in Smithfield Meat Market (Central London’s only fully operational meat market) just across 202805_BAR120133the road; some cuts of beef are even butchered on site at the restaurant! Three out of four of the party enjoyed an escallop of Wagyu veal cooked in parmesan and capers with a rocket salad which from all accounts was absolutely delicious; the other member of the group enjoyed a Thai-style shredded beef salad which had quite a kick! Pudding did not disappoint either as the party devoured a salted caramel cheesecake topped with caramelised pear and toffee popcorn.

The restaurant comes highly recommended, the atmosphere was lively evening at lunch time, the staff too were both helpful and knowledgeable making for a brilliant dining experience all round. Farringdon has so many amazing restaurants on offer it can be hard to choose although Smiths would be high up on our list as one of the best. Located just around the corner of this eatery is Florin Court, a beautiful art-deco building previously used in the filming of Agatha Christie’s Poirot. Frank Harris & Co. are proud to be marketing a charming studio flat with the most astonishing views over St Paul’s Cathedral and the rest of The City. The building has fabulous facilities including its own swimming pool; not to mention this property is five minutes away from Farringdon Station a future stop on Cross Rail which makes it a fantastic investment.

202805_BAR120133G

September 5, 2014

Property and Markets

Filed under: Latest News — Tags: , , — Frank Harris @ 4:05 pm
Whitecross Street is just a short walk away from our fabulous two bedroom property on Old Street, home to one of London’s oldest markets.  202805_BAR120214The first records of a market on Whitecross Street trace back to the 17th Century. Following on from that the records take a darker turn as they talk of the gathering here as ‘Squalors Market;’ referring to the 19th Century when the market became synonymous with the poor and the drunk of Victorian London.
Today the market is rather refined and with a wealth of famous restaurants, including Jamie Oliver’s ‘15’, in the vicinity. A trip to the street market was rightly described recently on one local blog as a ‘foodie’s pilgrimage’. There is a small market here every day but the principal days are Thursdays and Fridays. As soon as you turn onto the street you are greeted with the fragrant smells of the different vendors and their wares competing with each other to grab your senses and entice you to try an intensely spicy burrito, an Indian roti or a freshly made piadina from Rome. Well worth a visit, for a pilgrimage or just, more simply, the chance to break away from the normal lunch-at-your-desk routine. For those that like to enjoy a beer or a glass of wine with their lunch there are several pubs located along the street; why not eat the food bought on one of the many stands while you sit outside, watching the world go by – pint in one hand, Turkish shawarma in the other? http://www.timeout.com/london/shopping/whitecross-street-food-market

June 10, 2011

Frank Harris and Company – celebrating ten years of property sales on London’s South Bank

Filed under: Latest News — Tags: , , — Frank Harris @ 2:18 pm

Writes Tim Rogers from South Bank and Waterloo estate agents Frank Harris and Company:

“Tomorrow is the 10th anniversary of our first successful sales transaction from the South Bank office.  It was a flat in River Court and, coincidentally, the person who bought it is now selling a flat in that very same block through me.  Click here for more details.

“We sold a 2 bedroom river-facing flat in this building for £362,500 and it exchanged contracts on 11/6/2001.  That same flat sold last year for £750,000.”

So, if you are thinking of buying or selling property in SE1 and want expert advice from an agency who understands the South Bank and Waterloo property market, why not call Tim on 020 7620 3400 or click here.

 

 

May 23, 2011

Access latest property information on the go with the Frank Harris and Company mobile APP

Filed under: Latest News — Tags: , , — Frank Harris @ 12:02 pm

We at Frank Harris and Company recognise that many people now choose to surf the internet via their mobile phones rather than by PCs.

With this in mind, we now have our very own mobile application (APP) so you can access all the latest particulars on the properties we have for sale or rent at the touch of a button.

Andrew Sorene from the firm’s Marchmont Street office says: “With people’s ever increasing use of mobile phones this is yet another string to our marketing, enabling our clients to reach the widest range of potential buyers and tenants.  We believe we are the only agents currently using this technology across many of our areas.”

Click here to find out further information.

May 12, 2011

Find out more about property in Bloomsbury with Open Squares

Filed under: Latest News — Tags: , , — Frank Harris @ 11:04 am

Alec Papasavva from Frank Harris and Company’s Bloomsbury office writes:

“There is a tendency for many working Londoners to get caught up in the everyday hassle and bustle of the city without taking advantage of the numerous squares in the centre of London and beyond.

“On the weekend of 11-12 June 2011, there will be an Open Garden Squares Weekend, allowing access to a number of squares usually closed to the public. This is always a popular event so it would be advisable to book in advance. However, there are a good selection which are not private and are in fact accessible throughout the year.

“If you want to find out more about the delights of Bloomsbury, we at Frank Harris and Company have extensive experience as estate agents in the area and are happy to advise on buying, renting or selling property in the WC1 area.”

Alec can be contacted on 020 7387 0077 or click here.

May 9, 2011

Estate agents welcome regeneration project in the heart of Waterloo

Filed under: Latest News — Tags: , , , — Frank Harris @ 7:18 am

South Bank and Waterloo estate agents Frank Harris and Company are welcoming a regeneration project which could dramatically improve public space in the heart of SE1 and reconnect Lower Marsh with the surrounding area.

Proposals are being put out to public consultation which aim to create an attractive, inviting and high quality environment that would be significantly enhanced through the repaving of footways, carriageways and open space. There are also plans for new trees and improved street lighting.

Says Frank Harris and Company Associate Director Tim Rogers: “This part of Waterloo is experiencing a real renaissance and should this project be given the go-ahead, will really enhance the area, making it an even more attractive place in which to live.”

If you would like to find out more about buying or renting property in SE1, why not give Tim a call on 020 7620 3400 or click here.

May 4, 2011

Fantastic gated development for sale in the heart of Noho

Filed under: Latest News — Tags: , , — Frank Harris @ 8:48 am

Writes Andrew Sorene from Frank Harris and Company’s Marchmont Street office:

“We are thrilled by the positive response to Crabtree Place – a wonderful new gated development in the heart of Noho, one of London’s most desirable villages. Centred around Charlotte Street, Noho has an eclectic mix of long standing establishments and colourful newcomers.

“Of the flats, just the magnificent penthouse remains available for sale, occupying the entire top two floors of the building with its virtual wrap-around terrace affording views of Crabtree Gardens itself and the immediate area.

“Nearly 50% of the townhouses are now reserved, each providing unrivalled quality and design. We estate agents always boast about the homes that we are selling but this scheme IS truly something to boast about.”

The penthouse  is available at £3.25m while the remaining houses are on the market priced at £2.995m.

For further information or an appointment to view the show home please  call us on 020 7387 0077.

April 26, 2011

The Bloomsbury Project and how it has shaped WC1

Filed under: Latest News — Tags: , — Frank Harris @ 7:55 am

Excellent article in the Evening Standard about Bloomsbury which has been the study of a fascinating research project by UCL.

Professor Rosemary Ashton, of University College London‘s English literature department, spent three years investigating some 300 institutions – and many more addresses and individuals – to find links between them, and how they had an impact on Bloomsbury, London, and in some cases, the country.

To read more on this article, click here. And if you want to find out more about buying or renting property in this magnificent part of London, why not drop into our Marchmont Street office or give us a call on 020 7387 0077.

April 19, 2011

London rents ‘set to pass the £1,000 pcm mark in a year’

Filed under: Latest News — Tags: , , , , — Frank Harris @ 3:16 pm

Writes Neil Dawson from Frank Harris and Company’s Southampton Row office:

“Londoners frozen out of the property market should be braced for higher rents  in the year ahead as average monthly rents in the Capital pass the £1,000 mark.

“The warning from Reeds Rains and Your Move owner LSL Property Services came as London rents outstripped the rest of country to hit £978 pcm in March. This is 7.3% higher than a year ago, and almost double the 4.3% annual growth seen across England and Wales over the past year.

“There is an acute shortage of rental properties in the Capital for the two-pronged reason that existing tenants are staying put to save the huge deposits demanded by lenders and house building has been hit by the recession.

“We at Frank Harris have seen evidence of this in the West End letting market where even the smallest studio that we have had on our books over the past six months has been over £1,000 per month.

“Rents will only get higher as we go through the summer months as we are forecasting that demand will be massively outstripping supply. Excellent news for landlords and this is a trend that will be continuing for the foreseeable future.”

If you want to find out more about renting property in Central London, feel free to call Neil on 020 7405 4444 or click here.

April 15, 2011

London’s South Bank – 60 years on from the Festival of Britain

Writes Tony George, Residential Lettings, Frank Harris and Company’s South Bank & Waterloo office:

“In 1951, over eight million people visited the 1951 Festival of Britain exhibitions on the South Bank. 60 years later the area is still at the forefront of iconic cultural innovation with the London Eye, Tate ModernIMAX and OXO Tower.

“If you want to find out more about this fantastic area of the Capital or if you are looking to buy or rent property in SE1, why not drop into our office in Stamford Street or give us a call on 020 7620 3400.

April 13, 2011

London is the only place in the country with a continuing rise in property prices – RICS

Filed under: Latest News — Tags: , , , — Frank Harris @ 10:37 am

According to the RICS, London is the only place in the country with a continuing rise in property prices - http://www.bbc.co.uk/news/business-13037917

Says Zoe Mercer, from Frank Harris and Company’s Stamford Street office: “This confirms what we estate agents have known for a long time, namely that London has it’s own, separate property market.

“Over the last six month we have observed that property prices in the South Bank and Waterloo have risen steadily, on average, by 5%, with pockets such as the Roupell Conservation Area seeing even greater increases.”

If you are interested in buying, selling or renting property in SE1, why not give Zoe a call on 020 7620 3400 or click here.

April 5, 2011

Living the high life in The City

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 3:37 pm

Writes Tina Evans from Frank Harris and Company’s Long Lane office:

“Another addition to the growing number of bars and restaurants in the City opened last week. Searcys Champagne Bar in One New Change is a fantastic place to socialise and at a recent event we had the choice of over 30 varieties of champagne by the glass.

“This shopping centre opened at the end of 2010 and gives City residents another option at the weekend rather than travelling to the West End.”

For more information on property in the City, Barbican and Clerkenwell areas, please call 020 7600 7000 or click here.

March 31, 2011

Georgian property in Bloomsbury, WC1

Filed under: Latest News — Tags: , , , , , — Frank Harris @ 5:13 pm

The Marchmont Street office of Frank Harris and Company have put a flat under offer just over a week after bringing it to the market.

The £1.25m property, on Cartwright Gardens, is part of a Grade II listed Georgian house built by James Burton circa 1809-11 and has access to private gardens. For more information click here.

The location is packed full of history, situated as it is in the heart of Bloomsbury. Cartwright Gardens itself is named after John Cartwright, an outspoken reformer.

If you are thinking of buying, selling or renting property in Kings Cross, Fitzrovia or Bloomsbury then give us a call on 020 7387 0077 or click here

March 28, 2011

Bloomsbury estate agents limbering up for the Olympics

Filed under: Latest News — Tags: , , , — Frank Harris @ 4:43 pm

With the recent installation at St. Pancras of the first set of Olympic rings and with the fact that Bloomsbury will be playing host to the media at the 2012 Games, there are clearly signs of the new hurdles and the long jump area being prepared for the Games right outside the Frank Harris and Company Marchmont Street office!

Many of you will probably not realise that Bloomsbury will have a part to play in the Olympics but it will play a major role in accommodating people visiting the Games – click here for more on this.

So, we wouldn’t recommend you practice your sporting skills on the obstacles on our pavement, but you are welcome to come inside and talk to us about buying, selling or renting property in this fascinating part of London.

Alternative hurdles for The Olympics!

March 22, 2011

House prices up 0.8% in March says Rightmove

Filed under: Latest News — Tags: , , — Frank Harris @ 3:51 pm

According to the property website Rightmove, house prices across the UK rose by 0.8% in March.

Writes Andrew Sorene from Frank Harris and Company: “Although this report provides evidence that detached houses are proving more robust than flats, I can honestly say that whilst we have not necessarily seen a significant rise in values, we are definitely seeing a marked rise in activity and sales been agreed.

“There have been several instances in the past couple of weeks of sales of flats being agreed to the first sets of people who viewed – a phenomenon not seen for quite some while.  Clearly there are still prospective purchasers looking to get back into the market, knowing their savings are effectively being eroded away by the low interest rates and who are prepared to invest in the market in anticipation of better times ahead.”

If you are thinking about buying, selling or renting property in Central London, why not give Andrew a call on 020 7387 0077 or click here.

March 17, 2011

If you go down to the South Bank…..

Filed under: Latest News — Tags: , — Frank Harris @ 7:28 pm

We at Frank Harris and Company love the South Bank. There is always something going on in this vibrant part of the Capital.

Take this guy as an example – www.free2dance.com/latest/latest-news – who is dancing for charity.

We in the Stamford Street office may not be up for much dancing but we do know our properties so if you’re in the area, why not drop in to see us.

February 11, 2011

Valentine’s in the Barbican

Filed under: Latest News — Tags: , , , , — Frank Harris @ 4:57 pm

For those of you living in the Barbican, wishing to find somewhere romantic to go for a Valentine’s meal, you may like to try out the Alba Restaurant in Whitecross Street.

And if anyone would like to surprise their loved one with a really special gift, why not go to one of the jewellers in nearby Hatton Garden.

Of course, if it is property you are after, you’re always welcome to pop into our Long Lane office - with or without a dozen red roses!

The Valentine's menu at the Alba Restaurant, Whitecross Street

February 1, 2011

Proposed redevelopment of Waterloo Station

Filed under: Latest News — Tags: , , , — Frank Harris @ 4:49 pm

Frank Harris and Company’s Stamford Street office is excited to learn more about the proposed redesign of Waterloo Station. According to press reports, there will be a new floor of shops built above the current concourse, with completion due in April 2012.

Writes Tim Rogers: “Waterloo Station is such a hub, not only for commuters but to the thousands of people who flock to London’s South Bank. Any redevelopment of this famous station will undoubtedly have a beneficial effect on the area and enhance what is already one of the Capital’s best places to live.”

If you have property to buy, sell or rent in the Waterloo area, why not pop in to see Tim or the rest of the team at 123 Stamford Street or contact us on 020 7620 3400.

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