Property development opportunities in London
16 December 2020
The Housing Secretary Robert Jenrick has announced measures to allow cities and their high streets to recover from the damage caused by the pandemic. The measures will enable the council to support the delivery of 300,000 homes, encouraging family homes while prioritising brownfield sites and urban areas.
16 December 2020
The City of London Planning & Transportation Committee has approved architect ACME's next phase of 4C Hotel's Minories Masterplan. The Masterplan includes a refurbished 342 bedroom hotel, a new 250,000 sq ft office building and 87 new homes, together with a landscaped park and urban squares.
14 December 2020
Assael Architecture and Montreaux Developments have secured planning permission for 204 homes in two buildings hidden by woodland. The proposed development is located in Colney Hatch Lane, close to New Southgate station and represents 10% of Barnet borough's annual housebuilding target.
15 December 2020
The Strettons December 2020 auction is online and features the former Epping Police Station with planning for 5 flats, guided at £1.6m+, a 21 room hotel with development potential in South Woodford, guided at £1.6m+ and freehold vacant land in Clapham E5, guided at £140,000+. UPDATE: 94% sold, £11,650,000 raised.
16 December 2020
The Savills December 2020 property auction is online and features a former school house in Peckham SE15 with development potential at a guide price of £575,000, a 5 bedroom terrace house in Herne Hill SE24 with potential to extend or redevelop with a guide price of £685,000, a 2,500 sq ft period building in Forest Hill, SE23 at a guide price of £790,000 and two industrial buildings in New Cross SE14 with planning for 14 apartments and retail at a guide of £2m. UPDATE: 73% sold, £27,453,500 raised.
15/16 December 2020
The Barnard Marcus December 2020 property auction is online and features over 300 lots for sale including land with development potential.
The Old Dairy 1-4 Chapel Side W2 4LG
Savills are marketing a four storey brick built dairy building in Notting Hill, set in a residential mews and arranged as parking, offices and flats. The City of Westminster has granted planning consent for four new flats at ground and first floor, creating 8 flats in total over 5,920 sq ft. Offers are invited in excess of £5.5m.
16 November 2020
The Mayor's Office for Police and Crime (MOPC) have released former Police Stations in Tooting SW17, Greenford UB6, Clapham SW12 and Caberwell SE5. The sites are to be sold by informal tender, with a bid deadline of 12 noon, 4 December 2020. Details are available via the Mayor of London's Small Sites website.
12 November 2020
The RICS October 2020 survey of chartered surveyors who operate in the residential sales and letting markets shows increased buyer enquires, agreed sales, new instructions and prices.
5 November 2020
A Knight Frank survey of 40 leading investors with £62 billion invested in student accommodation, purpose built rented accommodation and senior living, expect to invest a further £10 billion in these sectors in 2021 and £42 billion over the next five years. This seems to indicate a diversification of investment covering all age groups. 70% of survey respondents expect these sectors to outperform others over the next 5 years.
3 November 2020
The Mayor of London, Sadiq Khan, announced the relocation of City Hall from its location at More London near London Bridge, to the GLA owned Crystal building on the Royal Victoria Docks. The move is expected to save £61m over the next 5 years and also act as a catalyst for the regeneration of the Royal Docks.
Lordship Road Stoke Newington N16 0QY
Kingsbury Consultants are marketing a 1.41 acre site in Stoke Newington. The buildings have floorspaces totalling 17,932 sq ft and produce £130,000 per annum. Price on request with offers to be received by 3rd December 2020.
28 October 2020
Planning content has been granted for the Perkins & Wills designed Stage Visitor Centre in Shoreditch as part of a £750m mixed use scheme. The scheme showcases the recently excavated Elizabethan theatre, the Curtain Playhouse, and features a glass stage that floats above the archaeology find.
11/12 NOVEMBER 2020
The Barnard Marcus November 2020 property auction includes two plots of land off Barnet Lane in Borehamwood, each with a guide price of £300,000, and a site in Rochester, Kent with planning for 8 dwellings with a guide price £480,000.
26 October 2020
Camden Council has given planning consent for a new pedestrian bridge linking Pancras Square and Coal Drop Yard. The 25m bridge, designed by Moxon Architects and structural engineers Arup for KCCLP, takes inspiration from the lost railway bridges over the canal.
23 October 2020
Knight Frank have identified property hotspots in the UK with future growth potential. The hotspots are based on existing house prices, house price to earning ratio, housing shortages, and access to services. The resulting locations are Surrey Heath, Fareham and East Herts with either fast trains or proximity to London, Tameside with close proximity to Manchester and Chesterfield, the gateway to the Peak District.
23 October 2020
The Oxford-Cambridge Arc encompasses a concentration of knowledge intensive industries supported by world class universities. A Lambert Smith Hampton report identifies opportunities in the region in the post-COVID economic recovery. The National Infrastructure Commission has suggested that one million new homes could be created in the region by 2050; the report discusses how the opportunity should benefit local residents and the UK economy.
20 October 2020
The City of London Corporation, in partnership with Oliver Wyman and Arup have published London Recharged: Our Vision for London in 2025. Its recommendations include the need to create spaces to innovate, citing start up incubators such as Station F in France and Level 39 in London. Pilot transformation of London's office spaces to support new uses has been suggested together with the need for affordable work space for artists and SMEs.
20 October 2020
The Thames Barrier Park in the Royal Docks has won the Green Flag Award for the third year running. The award recognises well managed parks and green spaces.
20 October 2020
Branded residences are those affiliated with a well known brand, usually hoteliers such as Ritz-Carlton and Four Seasons, but increasingly non-hotelier brands such as YOO, Baccarat, Missoni and Aston Martin. According to Savills research the branded residence sector has grown 170% over the last 10 years, achieving an average 31% premium over non-branded developments, however this varies substantially according to location.
3 NOVEMBER 2020
The Savills online November 2020 auction features a commercial building in Greenwich SE10 with views of the Thames and planning recommended for 5 flats and commercial space (guide £1.45m), an unmodernised mews house in Marlebone W1 (guide £995,000), a four storey end of terrace building in Tuffnell Park N7 (guide £1.7m), a site in East Ham E6 with a pre-application for 26 flats (guide £1.5m), land in Edmonton N9 with planning for 9 assisted living flats (guide £575,000), basement space in Muswell Hill with planning for a 3 bedroom flat, (guide £350,000) and garages at Palmers Green with planning for a two bedroom house (guide £160,000).
29 OCTOBER 2020
Stretton's October 2020 auction is online and features a vacant site in Walthamstow E17, with planning consent for a house and two apartments, a hotel in South Woodford E18 and a residential investment in Leytonstone E11, both with redevelopment potential.
29 OCTOBER 2020
The Allsop October 2020 online residential auction includes numerous development opportunities in London's suburbs. The auction features a site in New Southgate, a site in Uxbridge with planning for two houses, a freehold detached bungalow in Golders Green with development potential, a freehold office building in Cricklewood with planning for a change of use to provide six apartments, a development site in E15 with planning for 4 apartments and a development site in N13 with planning for 3 houses.
The London Borough of Waltham Forest have released 2 sites via the Mayor of London's Small Sites x Small Builders Portal. The sites include a 0.09 acre site adjacent to 73 Kings Road, close to Leyton Stone underground station and a 0.1 acre site 700m from Leyton Midland Road station. Bids from community led housing groups will be prioritised. The deadline for submissions is 11 January 2020.
Sanderstead Road Sanderstead CR2 0AG
Kingsbury Consultants are seeking offers in excess of £1.4m for a detached building on a 0.4 acre site situated close to Sanderstead and Purley Oaks stations. Planning consent has been granted for the constriction of a building comprising 9 apartments over 9,328 sq ft with parking for up to 9 cars.
15 OCTOBER 2020
The McHugh and Co October 2020 property auction features sites in Tottenham, Crouch End and Winchmore Hill.
24 September 2020
Galliard Homes are marketing a development located above the new Tottenham Court Road Crossrail entrance at Dean Street W1. The apartments are located in London's Soho, just off Oxford Street and feature private external spaces in the form of winter gardens, balconies and terraces.
13/14 OCTOBER 2020
The online October 2020 Barnard Marcus auction features a 0.14 acre site in Sutton with planning for 7 apartments, an income producing building with development potential in Leytonstone E11 and a detached building in South Norwood SE25 with planning to extend to create 8 apartments.
Penge Road South Norwood SE25 4EJ
A site on Penge Road, South Norwood received planning consent on 22nd September 2020 for a new build residential development. The scheme comprises of 9 apartments over 6,900 sq ft. Kingsbury Consultants are seeking offers in the region of £1m.
24 September 2020
Property agents Savills expect an increase in the need for flexible office space, with flexible office space replacing excess retail space on high streets and shopping centres. This could lead to an increase in demand for office space close to homes in rural and suburban areas.
North Road, Edmonton N9 7QX
Gilmartin Ley are seeking offers in excess of £330,000 for a freehold workshop in Edmonton N8. The workshop covers an area of 1,497 sq ft over two floor.
16 September 2020
Joseph Edmund developers have appointed RED Construction and architects Darling Associates to transform Audiology House to create 19 apartments. Audiology House is a Victorian Villa situated in a conservation area in Clapham, and was originally owned by the engineer George Jennings.
3 September 2020
Savills confirm that London applicants viewing property in London in June and July this year have been 37% higher than in January and February. However this rises to 97% for London applicants looking for property outside of the capital. Savills' applicants for prime rental property increase by 60% by the end of July compared with the 12 weeks prior to lockdown. The same research also shows the desire for extra space such as a garden, and also an increase in 'try before you buy' tenants.
1 September 2020
The Bank of England July 2020 Money and Credit report confirms that 66,300 mortgages for house purchases were approved in July, up from 39,900 in June. Approvals are still below the 73,700 reported in February 2020.