Related Argent has announced a £100m (GDV) co-living development at Brent Cross Town in partnership with Halcyon Development Partners and DTZ Investors’ Folk Co-living brand. This will be the first co-living project in the London Borough of Barnet. Located near the new high street, Merchant Street, and the main public space, Neighbourhood Square, the development is a 3-minute walk from Brent Cross West mainline station.

The £8bn Brent Cross Town scheme by Relate Argent and Barnet Council is one of Europe’s largest mixed-use regeneration projects. Image shows visualisation of Brent Cross Town with ClaremontPark in the foreground, credit Related Argent.

The post New development to create 300 Co-living units at Brent Cross Town appeared first on London Development Sites.

The Allsop August 2024 residential property auction includes the following development opportunities.

Two adjoining mid-terrace buildings on St Paul’s Road, Islington N1 2LH, extending to 3,759 sq ft, with potential for conversion to residential, subject to planning. The guide price is £1.6m +.

A 0.3 -acre site on Wordsworth Way, West Drayton UB7 9HT, with development potential subject to planning. The guide price is £50,000+.

The post Allsop August 2024 residential property auction appeared first on London Development Sites.

Kingsbury is offering a car sales forecourt and single-storey office building on a 0.12-acre site in Hornsey, N8. The site has planning permission for a new two/three-storey scheme comprising two houses and seven apartments, totalling 6,157 sq ft, along with 1,023 sq ft of commercial space. Hornsey station is situated 0.3 miles from the site. Offers in the regions of £1.6m are invited for the freehold.

The post Car sales forecourt with planning consent for 9 residential units and commercial space in Hornsey appeared first on London Development Sites.

Data by Knight Frank shows that following an improvement in the Spring of 2024, offers made on new homes in London fell by 50% in June and July 2024. Recent data indicates an improvement over the last few weeks.

According to Knight Frank, the best-selling schemes in London include One Park Drive (completed in 2022) and 10 Park Drive (completed in 2020) in Canary Wharf, where only 56 out of 830 private units are available. The Aura scheme in Notting Hill has 20 out of 111 private units available, with completion expected in 2024. In Kings Cross, the Capella scheme has six flats remaining out of 120 private units.

Primarily attracting domestic buyers, the former Empire House building in Chiswick has 45 private apartments remaining out of 121, and in the Clay Yard scheme in Hampstead, 75% of the private units have been sold off-plan, with completion in summer 2024.

The post Knight Frank data shows a 50% fall in offers on London new homes in the run-up to the General Election 2024 appeared first on London Development Sites.

Kingsbury offers a mixed-use building comprising 2 retail units and a residential flat on a 0.19-acre site on the High Street in Orpington, London Borough of Bromley. Planning permission has been granted to construct a new 4-storey building comprising two ground-floor retail units extending to 2,706 sq ft and 15 apartments totalling 4,877 sq ft. The site is located within walking distance of Orpington train station. Offers are invited in the region of £1.85m.

The post Mixed-use building with planning for 15 flats and 2 retail units in Orpington appeared first on London Development Sites.

In July 2024, the  Halifax House Price Index showed that UK house prices increased by 0.8%, on a monthly basis, resulting in an annual growth of 2.3%, the highest since the start of the year. The average house price is now £291,268, up by over £2,200 from the previous month. London property averaged £536,052, up 1.2% compared to last year.

The post Halifax House Price Index shows an annual increase of UK house prices by 2.3% in July 2024 appeared first on London Development Sites.

The Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 5 to 4 to reduce the Bank Rate from 5.25% to 5%. Four members preferred to keep the rate at 5.25%. Inflation was at 2% in May and June 2024 and is expected to rise to 2.75% in the second half of the year and then return to the 2% target again.

The post Bank of England cut base rate from 5.25% to 5% appeared first on London Development Sites.

The Auction House London July/August 2024 property auction includes the following development opportunities.

A  detached block of three income-producing flats on Sunny Gardens Road, Hendon NW4 1SH, with planning permission to create an additional four flats. The guide price is £1.5+.

A 3-bedroom detached bungalow on Gibson Close, Winchmore Hill, London N21 1EQ, with planning submitted for redevelopment to provide two 3/4-bedroom semi-detached houses. The guide price is £1.1m+.

A vacant detached former chapel on Dunbar Street, West Norwood SE27 9JY, with potential for redevelopment subject to planning. The guide price is £250,000+.

The post Auction House London July/August 2024 property auction appeared first on London Development Sites.

A 0.13-acre freehold development site on Temple Grove, Enfield is on the market with Gilmartin Ley. There is an exissting three bedroom house of 112 sq m on the site, which is situated 400m from Enfield Chase train station. Offers in excess of £650,000 are invited.

The post Freehold 0.13 acre development site in Enfield appeared first on London Development Sites.

The Savills July 2024 property auction includes the following development opportunities.

A two-storey detached building comprising four flats on Stockwell Lane, SW9 0SS, situated 0.3 miles from Stockwell Underground station. The guide price is £600,000.

Two self-contained flats over the raised ground and lower ground floors of a building in Chalcot Gardens, Belsize Park, NW3 4YB, with planning permission for conversion to a three-bedroom, 1,873 sq ft flat. The guide price is £1.8m. A second and third-floor flat in the same building, with an area of 1,496 sq ft, is available with a guide price of £1.55m.

A former bank building situated on the corner of Woodwarde Road and Lordship Lane, East Dulwich, SE22 8LZ, with a total GIA of 428 sq m (4,603 sq ft). Development potential subject to planning. The guide price is £975,000.

A detached bungalow on a 3-acre site on Wise Lane, West Drayton, UB7 7ET, with development potential subject to planning. The guide price is £1.8m.

The auction includes unmodernised houses in Camberwell SE5 0NJ, London SE1 9EQ, Blackheath SE3 8NG, East Dulwich SE22 9JH, Peckham SE15 5AF and Bermmondsey SE16 3RS.

The post Savills July 2024 property auction appeared first on London Development Sites.