Archive for the ‘City profile’ Category

In the Meantime we’ve gone royal

Thursday, January 7th, 2010

Homeowners in the London Borough of Greenwich woke up this morning to the happy news their addresses are now officially ‘royal’.

It has been announced that the Greenwhich  to become a Royal Borough as part  the Queen’s Diamond Jubilee celebrations which are due to start later this year. The move celebrates the borough’s links to monarchy, which include the Royal Observatory and its Greenwich Meantime; Royal Arsenal; and Royal Naval College – plus both Elizabeth I and Henry VIII were both born within its borders.

Given the borough’s blue-blooded history, which goes back to the Middle Ages, it’s a surprise royal recognition has been so long coming. But during the ‘interregnum’, as Britain’s brief and bloody republican experiment is known, Cromwell seized crown lands in Greenwich to make way for his family manor house. Memories are long within the royal household, it would seem.

An aerial view of Greenwich including the Thames, former Royal Naval Hospital and Park

An aerial view of Greenwich including the Thames, former Royal Naval Hospital and Park

Today’s excitement at the name change is focused on the new impetus Greenwich’s recently-stalled gentrification may receive. Although awash with upmarket restaurants and boutiques these days, Greenwich’s property market has endured price slides recently as City bonuses have dried up; a situation not helped by the glut of new homes for sale to the east of the Cutty Sark dock area.

But agents in the borough are hoping that royal endorsement will help propel the area up the popularity stakes again, particularly as it is only the fourth borough to be honoured this way, alongside the Royal Boroughs of Kensington and Chelsea, Kingston upon Thames, and Windsor and Maidenhead.

“Greenwich has always taken tremendous pride in the borough’s long history of royal connections with Greenwich, Woolwich and Eltham dating back almost 600 years and which continue so strongly right up to the present day,” says Greenwich council leader Chris Roberts.

Nearly finished: Duke’s designer dream for Liverpool

Tuesday, January 5th, 2010

What do the Duke of Westminster, Kualar Lumpar and Liverpool have in common? The answer is Cesar Peli, one of the world’s leading architects famed for his designs for some of the world’s best-known skyscrapers including One Canada Square in London’s Docklands.

His most recent cloud-tickling structure is One Park West, a large apartment tower under construction in Liverpool’s Albert Docks retail and hotel quarter.

Grosvenor's One Park West development in Liverpool

Grosvenor's One Park West development in Liverpool

The development is being masterminded by the Duke of Westminster’s Grosvenor property development firm and when completed the 17-storey building will include 326 apartments from studios to three bedroom units.

And although Peli is probably proud of his latest design, he may be put out that one of his more famous ones – Kualar Lumpar’s Petronas Towers – was yesterday overtaken as the world’s tallest structure by Dubai’s much-vaunted The Burj Khalifa tower – at 825 metres high.

But unlike the £1m-plus apartments for sale at the Dubai tower, properties at One Park West are more affordable starting at £90,000 for a studio and rising to £400,000 for the largest three-bedroom units.

This may account for its apparent success. Grosvenor claims to have sold apartments off-plan worth some £25 million and rented out most of the 123 apartment completed on the project so far – an admirable result given the current economic woes in the region and the UK as a whole.

Building ambitions in Liverpool: The Duke of Westminster

Building ambitions in Liverpool: The Duke of Westminster

“Demand and new sales struggled during the first quarter of 2009, partly due to the availability of viable mortgage products and potential purchasers being nervous to take the plunge until they saw how the economic landscape was likely to pan out,” says Grosvenor’s Guy Butler.

“But in June we witnessed a change in the market, with an upturn in sales, which has resulted in an average of close to two sales a week since then.”

These figures mask an important point though – almost 70 per cent of sales on the development have been to landlords (rather than owner-occupiers), who have realised that One Park West is one of Liverpool’s few city-centre addresses ideal for upmarket professionals – rents being achieved range from £525 a month for a studio to £900 a month for the larger apartments.

Click here to find out more about the development and see pictures of the apartments.

Where to live: Brighton

Tuesday, May 19th, 2009

BrightonBrighton really has the best of both worlds. It’s got a beach for starters. A beach! Hooray! But, it’s also just an hour away from London. It’s basically a commuter’s haven and people lap up the seaside lifestyle alongside their busy London lives. More and more Londoners succumb to the lure of the (pebbly) beach and fish and chips each month. You’ve also got some great little boutique shops around the place as well. Brighton is cool. It’s London cool. But the rents are cheaper and those little shops thrive under it. Very clever indeed. And if you’re thinking that Brighton will be a little seaside oasis of calm, then you’re in the wrong city. The lively music venues and gay clubs mean that this isn’t a sleepy place. It’s a student town as well don’t forget. That’s not to say you can’t find somewhere away from the main drag of the pier, but lively seasidey atmosphere is what this place does best. It would be a shame to ignore it.

It seems that there’s nothing that Brighton can’t offer you. Sure, I’d rather a sandy beach than a pebbly one, but let’s face it. It’s kinda perfect, if you can drag yourself out of the hustle and bustle of the city.

So what are you looking at if you move to Brighton? Let’s have a look at some properties!

SaltdeanSaltdean

This property in Saltdean is a bit of a find. Not only do you get a great sea view (it would frankly be rude not to, don’t you think?), you also get yourself a great garden. That’s a pretty good mix in such a sought after area. It’s also detached and double glazed. And best of all it’s just under £400k.  For a four bedroom property, that’s very impressive indeed. I wouldn’t expect this one to be around for very long.

 

 

 

 

Regency SquareRegency Square

This flat is stunning. If you’re looking for a swanky, dare I say it ‘batchelor pad’ this place would suit you perfectly. It’s a stunning property, with a sea view that would get you bounding out of bed in the morning, and has just about everything you could ask for. Even if you weren’t looking for a somewhere to commute into London this place would be perfect to set up home. And as you’re out of the capital, this stunning flat is just £249,950. I’m tempted to put an offer in myself.

 

 

 

The whimsical idea of living a stone’s throw from London and still being able to eat fish and chips on the pier for my tea is appealing, and with the lovely properties around I can understand why people do it. That one in Regency Square might just convince me. Or maybe I’ll just book a holiday instead.

Where to live: Shrewsbury

Thursday, April 16th, 2009

ShrewsburyShrewsbury is my home town, although I live in London now. It’s actually a pretty famous place in its own right. Put on the map by its yearly flower show (sure, it’s no Chelsea in the bloom stakes, but it’s still impressive) and there’s been a load of period dramas filmed here too. It’s very pretty if you get excited about black and white Tudor buildings. Shrewsbury Abbey became a household name in the 90s after fictional character Cadfael took up residency there.

The High Street is also famous historically too – the buildings encompass more of a time span from old to new than any other street in the world. Impressive huh? There’s a population of 100,000 (even though I’ve fled the coop so really it’s one less) and no less than 600 listed buildings. One of those is a mighty big castle too. Fancy.

The people who built the town were very clever indeed. Giant castle, at the top of the hill, surrounded by the river Severn. That could go some way to explaining why the old buildings are still in such good condition, in Medieval times it was pretty well defended. Of course, now that means that any way you walk through the town you seem to be walking uphill, and the bottom of the town floods every year leaving everyone stranded. It’s like a snow day, but with more damage to shops and houses. Although they’ve been lucky the last couple of years and haven’t had any major problems.

ShrewsburyLocation wise, Shrewsbury is perfect. An hour away from Birmingham and only three and a half hours to London Euston. You can also get to the beach in an hour and a half as it’s just next to the Welsh border. With its picturesque black and white buildings, countryside surroundings and easy transport routes, it’s easy to see why people want to live here. It’s convenient for both Wolverhampton and Chester Universities and there’s a good mix of private and comprehensive schools in the town and surrounding area, The Shrewsbury High School being the most renowned.

It’s a stunning town, with a really strong property market. The houses in the town itself are period buildings and they’re on the market rarely. Obviously if you want a river view you’ve got to be well prepared against flooding, but if you look in the right areas,like Wyle Cop, Belle Vue and Frankwell you could find yourself living in a rather special town.

Where to live: Bath

Thursday, February 5th, 2009

Georgian property in BathThe historic spa city of Bath is famous for many things – stunning Georgian architecture, Roman remains, Pump Rooms, its spa, for being a city where Jane Austen lived, for its 15th century Abbey, quirky Pulteney Bridge, its annual literature festival and soon-to-be comedy festival. In addition, it’s also a great place to live. If you’re looking to buy or rent property in Bath, and fancy living in a UNESCO World Heritage site, the city has lots to offer.

Last year, the Sunday Times Travel Magazine Reader Awards voted Bath as the 6th Best European City and its Thermae Bath Spa as the Best UK Spa. It’s also been voted as 4th in the Top 25 Europe Destinations and gained 14th place in the Top 100 World Destinations in a TripAdvisor survey.

One of the biggest draws for many people is Bath’s abundance of gorgeous, honey-coloured Georgian buildings. The Royal Crescent, which was built between 1767 and 1775, is a famous landmark in Bath, along with The Circus, which is said to form the shape of a key when viewed above from the air. In addition to the Royal Crescent and The Circus, some of the other prime locations in Bath include Sydney Buildings, Lansdown Crescent and Sion Hill. Another iconic landmark is Pulteney Bridge, built for William Pulteney by Robert Adams, and one of only a few bridges in the world that has shops built into it.

Pulteney Bridge, BathGeorgian properties are often on the market, but do come at a price. Other more affordable period homes can be found in areas such as Walcot Parade, Camden Crescent and London Road. If you don’t want to live right in the city, you’ll find lots of housing options on the outskirts. Bath hasn’t been a hotbed of new housing developments, but the Western Riverside development of 2,300 modern townhouses and apartments, which has been granted outline approval and planning consent by Bath and North East Somerset Council, may change that.

It’s also worth bearing in mind that Bath is home to two universities – The University of Bath and Bath Spa University – which means there’s generally no shortage of students looking to rent flats and houses in the area. There are also a lot of large companies in the area, so young professionals often need good quality rental properties too.

The city benefits from great transport links – it’s located about 10 miles from junction 18 of the M4 motorway, is easily accessible from Devon and Cornwall via the M5 motorway, and has regular rail services from London Paddington and Waterloo. Bristol International Airport, which has flights to many UK and international destinations, is located about 15 miles away.