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DIRECTORYGlobal Headquarters
+44 (0)20 7629 817155 Baker StreetLondon, W1U 8ANUnited Kingdom
Country Department
+44 (0)20 7629 [email protected]
International Department
+44 (0)20 7629 [email protected]
Mayfair+44 (0)20 7499 [email protected]
Notting Hill+44 (0)20 7229 [email protected]
Richmond (Sales only)+44 (0)20 8939 [email protected]
Riverside+44 (0)20 7590 [email protected]
South Kensington+44 (0)20 7871 [email protected]
St John’s Wood+44 (0)20 7586 [email protected]
Wandsworth (Sales only)+44 (0)20 8682 [email protected]
Wapping & City+44 (0)20 7480 [email protected]
Wimbledon+44 (0)20 8946 [email protected]
Regional Offi ces Sales & Lettings
Ascot+44 (0)1344 [email protected]
Cobham+44 (0)1932 [email protected]
London Sales & Lettings
Battersea+44 (0)20 3597 [email protected]
Belgravia+44 (0)20 7881 [email protected]
Canary Wharf & Royal Docks+44 (0)20 7512 [email protected]
Chelsea+44 (0)20 7349 [email protected]
Fulham+44 (0)20 7751 [email protected]
Hampstead+44 (0)20 7431 [email protected]
Hyde Park+44 (0)20 7861 [email protected]
Islington+44 (0)20 3657 [email protected]
Kensington+44 (0)20 7938 [email protected]
Knightsbridge+44 (0)20 7591 [email protected]
Marylebone+44 (0)20 7483 [email protected]
Esher+44 (0)1372 [email protected]
Regional Offi ces Sales
Basingstoke+44 (0)1256 [email protected]
Bath+44 (0)1225 [email protected]
Beaconsfi eld+44 (0)1494 675368beaconsfi [email protected]
Berkhamsted+44 (0)1442 [email protected]
Bristol+44 (0)117 317 [email protected]
Cheltenham+44 (0)1242 [email protected]
Cirencester+44 (0)1285 [email protected]
Exeter+44 (0)1392 [email protected]
Guildford+44 (0)1483 [email protected]
Harrogate+44 (0)1423 [email protected]
Haslemere+44 (0)1428 [email protected]
Henley-on-Thames+44 (0)1491 [email protected]
Hereford+44 (0)1432 [email protected]
Horsham+44 (0)1403 [email protected]
Hungerford+44 (0)1488 [email protected]
Oxford+44 (0)1865 [email protected]
Sevenoaks+44 (0)1732 [email protected]
Sherborne+44 (0)1935 [email protected]
Stratford-upon-Avon+44 (0)1789 [email protected]
Sutton Coldfi eld+44 (0)121 3627878sutton.coldfi [email protected]
Tunbridge Wells+44 (0)1892 [email protected]
Virginia Water+44 (0)1344 [email protected]
Winchester+44 (0)1962 [email protected]
Worcester+44 (0)1905 [email protected]
Scotland
Edinburgh+44 (0)131 222 [email protected]
Lauder+44 (0)1578 [email protected]
Ireland
Dublin+353 (0)1 662 [email protected]
International
For a full listing of our international offi ces please visit KnightFrank.com
Important Notice
1. Particulars: These particulars are not an off er or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (‘information’) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images (CGI) are indicative only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning,
building regulations or other consent has been obtained. A buyer or lessee must fi nd out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property (where applicable) may change without notice.
Whilst every eff ort has been made to ensure the accuracy of the information contained in this publication, the publisher cannot accept responsibility for any errors it may contain. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of Knight Frank LLP, 55 Baker Street, London W1U 8AN.
Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered offi ce is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears.
Cover image: New End, see page 9
This Local View is one of a series of fi ve publications covering the London area. To view and download a PDF or request a hard copy please visit KnightFrank.com/Publications
Welcome to Local View 2012. In the pages that follow, we hope to give you an insight into the unique London property market and showcase a selection of the most beautiful London properties currently for sale and to rent with Knight Frank.
The London market has performed surprisingly well during the fi rst half of the year, despite the economic uncertainty that persists in the Eurozone and in many of the wider, global markets. The capital became the focus of the world during our Great British Summer and our London offi ces experienced a surprising level of activity throughout most of this period.
Looking ahead, there appears to be a two stream market divided by the £2m stamp duty threshold. Below this level, the market is active, whilst above the threshold the market is patchy.
The continued uncertainty surrounding how properties owned in company names, or bought by ‘non-natural persons’, will be treated, has put some Prime and Super Prime buyers into ‘wait and see mode’ until the government’s consultation document is released at the beginning of December 2012. Despite this, London continues to attract interest from overseas investors, and the capital remains the number one destination in which to live, in the minds of many individuals from around the world.
Knight Frank has continued to invest in its network, both in London and overseas. We have opened new offi ces in Islington and Marylebone, and the Riverside team has moved to a spectacular offi ce at Albion Riverside. The team now covers the Battersea sales and rental markets. Overseas we have opened offi ces in Dubai, Qatar, Calcutta and South Africa, thus extending our reach to capture buyers and tenants from around the world.
I trust you will enjoy reading the articles contained within this edition of Local View and leafi ng through the many pages of wonderful properties that our clients have asked us to fi nd buyers or tenants for.
If you see any properties that interest you or if you would like advice on any property matter then please do not hesitate to get in touch with any one of our offi ces.
WELCOME
Noel FlintHead of London Residentialnoel.fl [email protected]
4 London Market Overview6 Belgravia18 Chelsea32 Kensington46 Knightsbridge58 Notting Hill70 South Kensington82 Knight Frank Service Directory83 Knight Frank Office Directory
CONTENTS
16
50 66
26 35
LONDON SALES MARKET4
Average prime property values in central London now stand at a new record high, some 15% above their pre-crisis peak in March 2008.
This growth in prices has taken place despite the impact of the March budget’s 40% rise in the top rate of stamp duty together with new, and still undefi ned, rules for an annual charge on £2m+ properties held in certain ownership structures and the reform of non-resident capital gains tax rules.
But the budget tax changes have had an undeniable impact on activity levels in the market, with the volume of sales in the £2m-£5m sector falling 20% in the three months to September compared to the same period in 2011. Sales volumes above this bracket have been more robust, and there has also been a strong 23% rise in sales volumes for homes worth up to £2m.
The sub £2m bracket is also where price growth has been strongest, with an annual increase of 11.6%.
Despite the weaker transaction volumes in the £2m-£5m bracket, the number of prospective buyers has been fairly evenly matched with available properties across all price bands. It is worth noting however that over the last six months, stock volumes have slowly begun to creep upwards, and are now around 10% higher than in September last year.
London’s market performance continues to be aided by overseas buyers, who account for 41% of buyers in the £1m+ prime London sector, and more than 50% of buyers in the £2m+ market.This overseas demand is driven by Russian, Indian, Italian, US and French buyers – refl ecting the diversity of the market.
September saw another month of positive growth in the prime central London residential market. Prices have now risen 51% since the post-fi nancial crisis low in March 2009.
LONDON SALES MARKET
The overseas demand is driven by Russian, Indian, Italian, US and French buyers – refl ecting the diversity of the market.
10%Monthly growth pushes
annual rise to
1.7%Quarterly pace of growth
slows to
SALES MARKETBY NUMBERS
0.7%in September
Prime central London prices rise by
Top 10 buyer nationalities, 2012
UK 58.9%
Russia 4.3%
India 3.6%
Italy 3.5%
US 3.3%
France 3.2%
UAE 1.8%
Australia 1.6%
China (inc Hong Kong) 2.4%
Greece 1.3%
Residential price change, indexed from March 2009
Prime central LondonUK
100.0
105.0
110.0
115.0
120.0
125.0
130.0
135.0
140.0
145.0
150.0
Mar
-09
Jun-
09
Sep-
09
Dec
-09
Mar
-10
Jun-
10
Sep-
10
Dec
-10
Mar
-11
Jun-
11
Sep-
11
Dec
-11
Mar
-12
Jun-
12
LONDON RENTAL MARKET 5
The main factor weighing on rents has been the state of the London economy. A bounce in activity in 2010 and 2011 saw London’s gross value added (GVA) measure of economic activity climb by an annual 1.9% and 1.7% respectively.
But by the end of 2011 the economy was slowing as the Eurozone crisis put downward pressure on growth, confi dence and recruitment, and the current estimate for London’s full-year 2012 GVA growth stands a little below 1%.
This weakness can be seen in data from Morgan McKinley, which confi rmed that in terms of new employment vacancies in central London, 2012 is far underperforming the picture seen in both 2010 and 2011. The fi gures show that 2012 is in fact running a close race with 2009 to be the worst year for new vacancies since Morgan McKinley started recording this data in 2004. As a result we shouldn’t therefore be too surprised that rents have moved down over the past nine months.
But while rents may be performing below trend, activity has risen, with new lettings volumes in the fi rst half of 2012 22% higher than the same period in 2011 in prime central London.
This increase in activity refl ects a broader shift in favour of the rental sector across the UK, due to the lack of mortgage market funding for new entrants in the owner-occupier market.
For landlords this trend should permit above-infl ation rental rises over the medium term, potentially helping to halt the long-term decline in income returns on prime residential investment.
While gross yields of 3.5% have become more common in central London, investors’ attention is on total returns, which have averaged 11.4% annually over the last three years.
Like sales prices, prime rents have recovered rapidly since the market downturn in 2008-09, and are now nearly 25% higher than they were in mid-2009. Unlike capital values, rents hit a ceiling in October 2011 and have since declined, albeit marginally, by 2%.
LONDON RENTAL MARKETRENTAL MARKET
BY NUMBERS
0.1%in September
Prime London rents fall
2.3%on an annual basis
Annual rental values fall
2.0% and 3.1%
Flats marginally outperform houses - falling respectively
over the past year
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
2008 2009 2010 2011 2012
Annual growth in prime central London rentsAnnual capital growth and average annual net income returns, prime central London
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
97 98 99 00 01 02 03 04 05 06 07 08 09 10 11
BELGRAVIA 7
Getting around: Victoria, Sloane Square, Hyde Park CornerVictoria
Best known for: Buckingham Palace, foreign embassies, theatres and high-end hotels, bars and restaurants.
Borough: City of Westminster
Area: Belgravia’s grand terraces, white stucco-fronted architecture, garden squares and cluster of upmarket boutiques, jewellers and restaurants have attracted a cosmopolitan and international community. Being home to Buckingham Palace and a number of foreign embassies lends the area a reputation for being safe and secure – a quality increasingly prized by wealthy international buyers.
Social and cultural attractions: The redevelopment of Motcomb Street, Orange Square and Elizabeth Street has created an appealing village atmosphere, with a selection of independent boutiques, delicatessens and Michelin-starred restaurants alongside bars, hotels and theatres.
Sports and leisure facilities: As well as being close to the attractions of Hyde Park, Belgravia has a number of beautiful garden squares including Eaton Square and Belgrave Square, while keen golfers have the Knightsbridge Golf School on Lowndes Square.
Our favourite places: The Thomas Cubitt, for fine British cuisine; The Nags Head, for a pint in a traditional pub; and Mossiman’s, a private dining club.
BELGRAVIAAREAS COVERED SW1E SW1H SW1P SW1V SW1W SW1X
BELGRAVIA SALES8
The market: There is still great demand for turnkey, newly refurbished properties from international buyers attracted to London due to its reputation as a safe haven for money; demand is also returning for unmodernised projects from domestic buyers encouraged by a continuing surge in property prices in prime central London.
Our outlook: The market remains strong in Belgravia, underpinned by continued international and local demand. We are witnessing buyers from all corners of the globe, demand for properties below £2m is exceeding supply and the £10m+ market continues to see a high level of activity.
Who buys here: Scandinavians, South Americans and New Zealanders, as well as the regular Middle Eastern and Russian buyers.
SALES OVERVIEW
716Every day Knight Frank
Belgravia properties are viewed
times a day through our award-winning website
SALESBY NUMBERS
97%On average we have
achieved
of the guide price on sales in the past six months
SALES INSIGHT
“Well-informed, cautious buyers are now prevalent within my market. Pricing is crucial to generating interest. The most exciting emerging hotspot is the area surrounding Victoria Station, which is undergoing regeneration.”
Our team in action: In conjunction with our Residential Development team, Knight Frank Belgravia has been instrumental in achieving fi ve sales in the new Grosvenor Crescent development. The sales team have also achieved several off market sales in the latest Berkeley Homes development in Ebury Square.
Grosvenor Crescent SW1X
Stuart Bailey Head of Sales
£32.7mthrough us in the past
six months
International buyers have spent
020 7881 7722 [email protected] KnightFrank.co.uk/Belgravia
9BELGRAVIA SALES
Immaculate Belgravia family home
Eaton Terrace
A superb Belgravia townhouse presented in immaculate order.
Master bedroom with en suite bathroom, 3 further bedrooms, 4 further bath/shower rooms (1 en suite), drawing room, reception room, kitchen, dining room, study, laundry room, garden.
Approximately 264 sq m (2,843 sq ft)
BELGRAVIA SW1FreeholdGuide price: £6,200,000
BELGRAVIA SALES10
Newly refurbished family home Apartment with large roof terrace
Two bedroom apartment Bright one bedroom apartment
Cambridge Street Ebury Street
Eaton Place Pimlico Road
BELGRAVIA SW1Leasehold: approximately 115 years Guide price: £2,950,000
A fantastic, well-proportioned four bedroom house located on one of the most desirable streets in Pimlico.
Master bedroom with dressing area and en suite bathroom, 3 further bedrooms (1 en suite), further bathroom, reception room, kitchen, dining room, garden, 2 balconies.
Approximately 182 sq m (1,965 sq ft)
A south west facing one bedroom apartment located on the third floor of this popular building.
Bedroom, bathroom, reception room, kitchen, terrace, lift, porter, roof terrace, private parking.
Approximately 68 sq m (735 sq ft)
PIMLICO SW1Freehold Guide price: £2,350,000
BELGRAVIA SW1Leasehold: approximately 88 yearsGuide price: £1,375,000
A sophisticated and immaculate long leasehold apartment.
Master bedroom with en suite shower room, further bedroom, further bathroom, reception room, kitchen, guest cloakroom, lift.
Approximately 109 sq m (1,181 sq ft)
A rare to the market one bedroom south facing apartment located in the popular Orange Square.
Bedroom, bathroom, reception room, kitchen, guest cloakroom, lift.
Approximately 61 sq m (660 sq ft)
BELGRAVIA SW1Leasehold: approximately 142 years Guide price: £1,175,000
BELGRAVIA SALES 11
A stunning, newly refurbished raised ground floor apartment located in one of London’s most prestigious garden squares.
Master bedroom with en suite shower room, 1 further bedroom, 1 further bathroom, reception room, kitchen, dining room, communal garden.
Approximately 135 sq m (1,455 sq ft)
A recently refurbished mews house with a good balance of living and entertaining space.
Master bedroom with en suite bathroom, 2 further bedrooms with en suite bath/shower rooms, reception room, kitchen, media room, study, utility room, guest cloakroom, private parking.
Approximately 184 sq m (1,983 sq ft)
BELGRAVIA SW1Leasehold: approximately 123 years Guide price: £4,450,000
Exceptional two bedroom Belgravia apartmentEaton Square
Spacious three bedroom mews houseEaton Mews South
BELGRAVIA SW1Freehold Guide price: £4,350,000
020 7881 7722 [email protected] KnightFrank.co.uk/Belgravia
BELGRAVIA LETTINGS12
The market: A busy August and September period in all price sectors has corrected any oversupply issues. Clients who choose not to focus on presentation or whose pricing expectations are too high leave themselves exposed to void periods.
Our outlook: Landlords delivering turnkey or newly refurbished properties can expect to achieve optimum rents. With a lack of supply in the super prime market, we still expect rents in this section of the market to perform well.
Who rents here: We have an internationally diverse tenant base with applicants becoming increasingly younger.
LETTINGS OVERVIEW LETTINGSBY NUMBERS
25%of new tenancies agreed this fi nancial year have been in excess of £3,000 per week
57%of new tenancies agreed over the last 6 months were with
international tenants
LETTINGS INSIGHT
“The most exciting emerging hotspot is the area surrounding Victoria Street and St James with the regeneration of Cardinal Place and the introduction of numerous new build schemes. My concern for the market is a reduced level of corporate relocation and reduced corporate budgets.”
Our team in action: In early 2012, our sales team concluded the sale on a fantastic family house in Ebury Street for an international buyer and his family. This summer the buyer relocated and we secured him a long term rental on a fully managed basis.
Ebury Street SW1W
Tom Smith Head of Lettings
34%decrease in available rental
properties in the last 6 months
We have seen a
BELGRAVIA LETTINGS 13
An immaculate, recently refurbished fourth floor penthouse.
Master bedroom with en suite bathroom and dressing room, a further double bedroom with en suite bathroom, reception room, kitchen, dining room, guest cloakroom, lift access, porter services.
Approximately 167.5 sq m (1,802 sq ft)
An impeccable apartment located on one of London’s most prestigious squares.
3 double bedrooms, 3 bathrooms, reception room, fully fitted kitchen, dining room, private balcony, lift access, porter services.
Approximately 148 sq m (1,595 sq ft)
BELGRAVIA SW1Available unfurnished for long let Guide price: £3,650 per week
Newly refurbished two bedroom penthouse
A stylish apartment with a private balcony
Eaton Square
Eaton Square
BELGRAVIA SW1Available unfurnished for long letGuide price: £2,650 per week
020 7881 7730 [email protected] KnightFrank.co.uk/Belgravia
BELGRAVIA LETTINGS14
Contemporary mews house Grade II listed property
A white stucco fronted building Neutrally decorated apartment
Ebury Mews Ebury Street
Chesham Street Eaton Place
BELGRAVIA SW1Available unfurnished for long letGuide price: £1,950 per week
BELGRAVIA SW1Available unfurnished for long letGuide price: £1,650 per week
A three bedroom mews house.
3 double bedrooms with en suites, reception room, kitchen/breakfast room, study, utility room, Juliet balcony, paved garden, integral garage.
Approximately 188 sq m (2,029 sq ft)
A spectacular recently refurbished period house.
Master bedroom with en suite bathroom and dressing room, 4 further bedrooms (2 en suite), bathroom, shower room, family room, garden, terrace.
Approximately 339 sq m (3,684 sq ft)
BELGRAVIA SW1Available unfurnished for long letGuide price: £3,500 per week
A well-maintained two bedroom maisonette.
Master bedroom with dressing room and en suite bathroom, double bedroom with en suite shower room, reception room, kitchen/breakfast room, porter.
Approximately 184 sq m (1,980 sq ft)
A one bedroom second floor apartment benefitting from direct lift access.
Double bedroom, bathroom, reception room, separate kitchen, direct lift access.
Approximately 63 sq m (676 sq ft)
BELGRAVIA SW1Available furnished or unfurnished for long letGuide price: £650 per week
BELGRAVIA LETTINGS 15
A bright and spacious terrace mews house split over five floors.
Master bedroom with en suite bathroom and dressing room, 2 further double bedrooms with en suite bathrooms, 2 further bedrooms, family bathroom, reception room, kitchen/breakfast room, dining room, sitting room, media room, 2 guest cloakrooms, utility room, secure underground parking.
Approximately 431 sq m (4,650 sq ft)
Grade II listed townhouse located just off Belgrave Square.
4 bedrooms, 4 bathrooms, reception room, kitchen, dining room, guest shower room, patio garden, roof terrace, garage.
Approximately 324 sq m (3,483 sq ft)
BELGRAVIA SW1Available furnished for long letGuide price: £7,950 per week
Luxury house to rent in Belgravia
A beautifully presented four bedroom house
Grosvenor Gardens Mews North
Wilton Place
BELGRAVIA SW1Available unfurnished for long letGuide price: £6,450 per week
020 7881 7730 [email protected] KnightFrank.co.uk/Belgravia
16 BELGRAVIA SALES
Chesham StreetBELGRAVIA SW1 Guide price: £1,625,000
Eccleston MewsBELGRAVIA SW1 Guide price: £2,350,000
South Eaton PlaceBELGRAVIA SW1 Guide price: £4,650,000
Eaton PlaceBELGRAVIA SW1 Guide price: £5,650,000
Vincent StreetPIMLICO SW1 Guide price: £2,850,000
Chester StreetBELGRAVIA SW1 Guide price: £4,650,000
SOLD SOLD
SOLD SOLD
SOLD SOLD
020 7881 7722 [email protected] KnightFrank.co.uk/Belgravia
17BELGRAVIA LETTINGS
Eaton PlaceBELGRAVIA SW1 Guide price: £1,250 per week
Eaton PlaceBELGRAVIA SW1 Guide price: £2,500 per week
Wilton MewsBELGRAVIA SW1 Guide price: £8,000 per week
Lower Belgrave StreetBELGRAVIA SW1 Guide price: £8,500 per week
Eaton SquareBELGRAVIA SW1 Guide price: £3,250 per week
Eaton PlaceBELGRAVIA SW1 Guide price: £4,000 per week
LET
LET
LET
LET
LET
LET
020 7881 7730 [email protected] KnightFrank.co.uk/Belgravia
CHELSEA 19
Getting around: Sloane Square, Earl’s Court, West Brompton, Gloucester RoadWest Brompton, Imperial Wharf
Best known for: King’s Road, Sloane Square, Chelsea Arts Club, the Flower Show and Chelsea FC.
Borough: Royal Borough of Kensington and Chelsea
Area: Chelsea’s beautiful garden squares and sense of community make it popular with families and young professionals. The area is synonymous with art and fashion, having been the focal point of the swinging sixties, and residents benefit from an abundance of boutique shops, restaurants, bars and cafés.
Social and cultural attractions: Many people living here comment on how little they use their kitchens because the local cafés, gastropubs and restaurants are so good. Keen shoppers have the renowned King’s Road, while other places of interest include Chelsea Arts Club, the National Army Museum, The Physic Garden and The Royal Court Theatre.
Sports and leisure facilities: Nearby Battersea Park is a great spot for jogging, cycling, rowing, fishing and other pursuits, while Burton Court features a number of tennis courts and the path along the embankment offers the perfect place for a riverside stroll.
Our favourite places: The famous Beaufort House on the corner of the King’s Road and Beaufort Street; the renowned Pig’s Ear pub; and Busaba Eathai Thai restaurant.
CHELSEAAREAS COVERED SW3 SW5 SW10
20 CHELSEA SALES
The market: Despite consistent demand, there has been a lack of available stock of family houses, which has led to little activity on this front. There is a huge appetite for turnkey apartments priced under £2m from both domestic and international buyers.
Our outlook: We don’t see any reason why the high level of demand for properties under £2m will drop off , but because of uncertainty over government policy on ‘mansion tax’ and capital gains tax, the upper end of the market may prove to be slower.
Who buys here: Predominantly domestic and Western European buyers, but we have also had buyers from South Africa and China.
SALES OVERVIEW
134 In the last six months alone,
potential buyers from
diff erent countries have viewed properties for sale
through Knight Frank Chelsea
SALESBY NUMBERS
278We have
potential buyers on our books looking to spend a collective
total of £1.16bn
SALES INSIGHT
“The most exciting emerging hotspot is Harcourt Terrace and the surrounding streets. The best thing to happen to the market would be for more turnkey apartments under £2m to become available because we have seen a surge in demand.”
Our team in action: We had multiple bidding on this after only a short time. The buyer was delighted with the purchase and two of the other interested parties went on to buy through Knight Frank; one through the Chelsea offi ce and the other through our Riverside team.
Bailey House SW10
James Pace Head of Sales
98% of the guide price on sales in
the past six months
On average we have achieved
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
21
Immaculately presented two bedroom flat
Located on one of Chelsea’s finest streets, this well-maintained flat is exceptionally bright with a south facing aspect at the front and open views over gardens at the back of the property. All the rooms have large windows, excellent ceiling height and plenty of storage space.
2 bedrooms, bathroom, reception room, kitchen.
Approximately 70 sq m (755 sq ft)
CHELSEA SW10Share of freeholdGuide price: £1,450,000
Tregunter Road
CHELSEA SALES
Stunning maisonette with roof terraceRedcliffe PlacePresented in good condition throughout, this first and second floor duplex apartment benefits from superb entertaining space and a large roof terrace.
Master bedroom with en suite bathroom, bedroom 2, bathroom, reception room, kitchen/breakfast room, study area, cloakroom, roof terrace (not demised).
Approximately 135 sq m (1,460 sq ft)
CHELSEA SALES22
CHELSEA SW10Freehold Guide price: £1,925,000
CHELSEA SALES 23
Secure Chelsea mews houseBolton Gardens MewsNestling between the prestigious addresses of The Boltons and The Little Boltons is this stunning and discreet mews house that is both flooded with natural light and offers a high degree of privacy and security.
2/3 bedrooms, 3 bathrooms (2 en suite), reception room, kitchen/dining room, media room/bedroom 3 with en suite shower room/cloakroom, patio, garage.
Approximately 151 sq m (1,633 sq ft)
CHELSEA SW10FreeholdGuide price: £3,450,000
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
CHELSEA LETTINGS24
The market: While rents may be performing below trend, activity has risen, with new lettings volumes in the last three months 18% higher than the same period in 2011. This increase in activity refl ects a broader shift in favour of the rental sector.
Our outlook: Whilst aff ordability constraints are limiting the scope for rental growth, pricing remains historically high and we see this trend continuing.
Who rents here: Western Europe, North America, Britain and affl uent French nationals.
LETTINGS OVERVIEW
37%of our properties are priced at
£750 per week or over
51%of our tenants are non UK
nationals
41%of our tenants are in their 30s
LETTINGSBY NUMBERS
LETTINGS INSIGHT
“My typical renter is often a high net worth family or individual with more than one fi xed abode globally. International tenants want advice on local amenities, schooling and transport links. Knowledge and attention to detail is key.”
Our team in action: A client was looking to buy a one bedroom fl at in Elm Park Gardens as a rental investment. We felt the fl at was compromised and were able to off er another property on the street off ering a better yield. Our local knowledge and a strong client base proved invaluable.
Elm Park Gardens SW10
David Mumby Head of Lettings
CHELSEA LETTINGS 25
A three bedroom split level apartment
Redcliffe Square
This property has been subject to extensive refurbishment throughout and boasts plenty of natural light and high ceilings.
Master bedroom with dressing room and en suite bathroom, double bedroom with en suite bathroom, further double bedroom, bathroom, double reception room, kitchen/dining room, patio garden.
Approximately 233 sq m (2,506 sq ft)
CHELSEA SW10Available unfurnishedGuide price: £2,750 per week
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
26 CHELSEA LETTINGS
A newly refurbished one bedroom flatPAINTERS YARD
This third floor flat is in an exclusive small gated development and is built around a landscaped courtyard which benefits from a west facing reception room.
Bedroom, bathroom, reception room, kitchen.
Approximately 58 sq m (620 sq ft)
CHELSEA SW3Available furnishedGuide price: £700 per week
CHELSEA LETTINGS 27
Three bedroom renovated fire stationCheyne Row
This totally unique house used to be the old Chelsea Fire station and was converted by Coll Hill Spink into a stunning residential home.
Master bedroom with en suite bathroom, 2 further bedrooms, shower room, reception room, kitchen/dining/sitting room, study area, utility room, cloakroom, decked rear garden.
Approximately 195 sq m (2,104 sq ft)
CHELSEA SW3Available furnishedGuide price: £2,250 per week
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
28 CHELSEA SALES
Elm Park GardensCHELSEA SW10 Guide price: £860,000
LAMONT ROADCHELSEA SW10 Guide price: £1,550,000
Justice WalkCHELSEA SW3 Guide price: £4,950,000
Glebe PlaceCHELSEA SW3 Guide price: £5,500,000
Redcliffe RoadCHELSEA SW10 Guide price: £1,695,000
Limerston StreetCHELSEA SW10 Guide price: £3,650,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
29CHELSEA LETTINGS
Harcourt TerraceCHELSEA SW10 Guide price: £850 per week
Gertrude StreetCHELSEA SW10 Guide price: £850 per week
Elm Park GardensCHELSEA SW10 Guide price: £1,600 per week
Elm Park RoadCHELSEA SW10 Guide price: £3,500 per week
Elm Park GardensCHELSEA SW10 Guide price: £875 per week
Beaufort StreetCHELSEA SW3 Guide price: £1,550 per week
LET
LET
LET
LET
LET
LET
020 7349 4300 [email protected] KnightFrank.co.uk/Chelsea
Local knowledge with a global reach
The best properties from around the world and market-leading research on the Knight Frank app for iPhone and iPad.
For more information please visitKnightFrank.com/iPad
Research materials available on iPad only. iPad and iPhone are trademarks of Apple Inc.
RESIDENTIAL DEVELOPMENT 31
London’s most prestigious new waterside addressChelsea creek
This luxurious, new, mixed-use development moments from fashionable Chelsea, King’s Road and Sloane Square off ers a selection of 1, 2 and 3 bedroom apartments and penthouses in a dockside setting.
Five star facilities include 24 hour concierge, a private health and fi tness suite with gymnasium, swimming pool, sauna, steam room and treatment room. Private parking is also available. The tranquil setting is complemented by neighbouring Chelsea Harbour, Imperial Wharf and the River Thames.
LONDON SW6LeaseholdGuide price: £909,950 - £5,000,000
Contact Louise Godfrey 020 7610 9693 [email protected]
CGI
CGI CGI
Local knowledge with a global reach
The best properties from around the world and market-leading research on the Knight Frank app for iPhone and iPad.
For more information please visitKnightFrank.com/iPad
Research materials available on iPad only. iPad and iPhone are trademarks of Apple Inc.
KENSINGTON 33
Getting around: High Street Kensington, Notting Hill Gate, Holland Park Avenue
Best known for: Holland Park, Hyde Park and Kensington Palace, with its latest residents being the Duke and Duchess of Cambridge.
Borough: The Royal Borough of Kensington and Chelsea
Area: Kensington strikes a pleasing balance of the old and new with its historic buildings and serene residential squares alongside the bustling High Street Kensington. So fashionable is the area that the luxury brand Mulberry now has its headquarters here.
Social and cultural attractions: Kensington Palace, the Round Pond and The Princess Diana Memorial Playground are all popular with visitors, as is the iconic Barkers Building, now home to Wholefoods. In the summer, Holland Park hosts a season of outdoor operas. For evening entertainment, Kensington has numerous pubs, bars and restaurants, including the world famous Kensington Roof Gardens.
Sports and leisure facilities: Holland Park, Kensington Gardens and Hyde Park are all in walking distance and are great spots for summer picnics as well as recreational activities such as running, cycling, boating and horse riding.
Our favourite places: The Churchill Arms, a homely pub and Thai restaurant; The Windsor Castle, an infamous pub with a large beer garden; and Kensington Roof Gardens, London’s only rooftop private members club.
KENSINGTONAREAS COVERED W8 W11 W14
Fountain Image: Royal Parks Foundation/Charlotte Fielding
KENSINGTON SALES34
The market: Activity has been buoyant across the board and demand has risen steeply from overseas markets in particular. Over the past 12 months we have sold to 20 diff erent nationalities, from Greeks and Americans to Russians and Lebanese.
Our outlook: Demand for apartments and family houses is greater than supply and we predict that this trend will continue throughout 2012. Over the last six months prices have increased by 5.6% in Kensington and we predict further growth this year.
Who buys here: Families are attracted to the green spaces and good schools, while young professionals appreciate the pubs, clubs and restaurants.
SALES OVERVIEW
1,236Every day our properties are
viewed
times through our award-winning website
SALESBY NUMBERS
425We have
potential buyers on our books looking to spend a collective
total of £3.02bn
SALES INSIGHT
“We have seen a surge in demand for family properties with four or fi ve bedrooms and investment fl ats priced under £2m. Buyers are increasingly analytical and wary of overpaying. The worst mistake a vendor can make is pricing before taking professional advice.”
Our team in action: This house was on the market for over a year with another estate agent for an ambitious price. Once we were instructed our global network brought it to the attention of a French family who were relocating to London who subsequently bought it.
Stratford Road W8
Mark Redfern Head of Sales
£65.6mthrough us in the past six
months
International buyershave spent
KENSINGTON SALES 35
020 7938 4311 [email protected] KnightFrank.co.uk/Kensington
Wide family house with west facing garden Pembroke Gardens
A beautifully presented semi-detached period family home offering an abundance of spacious family living and entertaining space throughout in this quiet, desirable Kensington street.
4 bedrooms, 3 bathrooms, reception room, kitchen/breakfast room, dining room, library, conservatory, study, utility room, mature west facing garden.
Approximately 326 sq m (3,511 sq ft)
KENSINGTON W8FreeholdGuide price: £6,750,000
36 KENSINGTON SALES36
Beautiful period family house
Immaculate apartment in secure development
PEEL STREET
BULLINGHAM MANSIONS
A charming and well-presented family house located in this attractive street, off Kensington Church Street, offering flexible living and entertaining space with a large kitchen/dining room.
3 bedrooms, 2 bathrooms, reception room, kitchen/dining room, utility room, cloakroom, patio garden.
Approximately 145 sq m (1,565 sq ft)
Beautifully presented and recently refurbished apartment on the raised ground floor of this sought after and exceptionally quiet, gated development in prime Kensington.
2 bedrooms, 2 bathrooms, reception room, kitchen, raised ground floor, resident porter.
Approximately 84 sq m (907 sq ft)
KENSINGTON W8FreeholdGuide price: £2,400,000
KENSINGTON W8LeaseholdGuide price: £1,350,000
37KENSINGTON SALES
Immaculate lateral flat with communal gardensIverna CourtA beautifully presented light and spacious first floor family apartment that has been meticulously designed and refurbished to a very high standard by the current owners, located in a popular portered period mansion block.
5 bedrooms, 2 bathrooms, 2 reception rooms, balcony, communal garden, porter/concierge.
Approximately 194 sq m (2,090 sq ft)
KENSINGTON W8 Share of freeholdGuide price: £3,500,000
020 7938 4311 [email protected] KnightFrank.co.uk/Kensington
38 KENSINGTON LETTINGS
The market: The core market continues to perform well, however, we have noticed a decrease in corporate budgets in the mid-range. The house market continues to perform well with families attracted to the green spaces, good schools, culture and transport links.
Our outlook: There are some exciting new developments coming up in the next few years, ranging from the De Vere development to the Holland Park School. Smaller portfolio landlords continue to raise their game, which has led to some good quality and new records being set for price.
Who rents here: International students, families and professionals relocating for work or study opportunities.
LETTINGS OVERVIEW
26%Although we cover a broad spectrum of properties in
Kensington,
of our new instructions in the last 12 months have been for properties priced at £2,500
per week or above
65%of our tenants are
international
LETTINGSBY NUMBERS
44%of our tenancies in the last 12 months have been for
properties priced at £750 per week or below
LETTINGS INSIGHT
“The best thing to happen for the market would be for mortgage lending to investor landlords to ease. I expect to see a moderate growth in overall demand but a pretty fl at line as far as rents are concerned due to affordability constraints.”
Our team in action: We valued a mansion fl at on Gloucester Walk in Kensington for a lady looking to downsize. We sourced a long-term tenant for her before the property was even marketed, agreed a schedule of works that increased the weekly rent and organised a smaller fl at for her.
Gloucester Walk W8
Giles Barrett Head of Lettings
KENSINGTON LETTINGS 39
This stunning family house is set over six floors and is ideally situated on the highly sought after and exclusive Earls Terrace.
4 reception rooms, kitchen, dining area, dining room, study, indoor swimming pool, garden, terrace, underground parking, utility room, storage.
Approximately 468 sq m (5,041 sq ft)
A raised ground floor flat finished to a very high standard and benefitting from an excellent reception room with high ceilings and views over the private communal garden.
2 bedrooms, en suite bathroom, en suite shower room, reception room, open-plan kitchen, access to communal gardens, garage available on separate negotiation.
Approximately 109 sq m (1,184 sq ft)
KENSINGTON W8Available unfurnishedGuide price: £7,500 per week
Beautiful family house with swimming pool
Unique apartment set in beautiful gardens
Earls Terrace
Holland Park Road
HOLLAND PARK W14Available unfurnishedGuide price: £1,195 per week
020 7937 8203 [email protected] KnightFrank.co.uk/Kensington
Located on the fifth floor of one of Holland Park’s most sought after mansion blocks is this beautifully presented, light and spacious family apartment that has been meticulously designed and refurbished.
4 bedrooms, 4 bathrooms, 2 reception rooms, kitchen/breakfast room, study, utility room, entrance hall, lift, porter/concierge, communal gardens.
Approximately 228 sq m (2,463 sq ft)
This recently refurbished third floor apartment benefits from a spacious reception room with views over Kensington Square gardens.
Bedroom, bathroom, reception room, kitchen, communal gardens and garden square.
Approximately 154 sq m (574 sq ft)
HOLLAND PARK W14Available unfurnishedGuide price: £2,250 per week
Immaculate lateral flat with communal gardens
One bedroom apartment with communal gardens
Oakwood Court
Kensington Square
KENSINGTON W8Available furnishedGuide price: £525 per week
KENSINGTON LETTINGS40
KENSINGTON LETTINGS 41
This is an immaculate family house ideally situated on Kensington Gate. A highly sought after and desirable address in Kensington, it benefits from a conservatory leading out on to the private garden.
6 bedrooms, 4 bathrooms, 5 reception rooms, kitchen, study, utility room, terrace, gardens, set over 5 floors.
Approximately 335 sq m (3,608 sq ft)
This apartment has been refurbished to a very high standard and boasts a second reception room with its own bar which leads out on to a private roof terrace overlooking Kensington.
3 bedrooms, 3 bathrooms, reception room, kitchen, roof terrace.
Approximately 177 sq m (1,907 sq ft)
KENSINGTON W8Available unfurnished Guide price: £6,000 per week
Ideal family house with fantastic entertaining space
Magnificent apartment with roof terrace
Kensington Gate
Holland Park
HOLLAND PARK W11Available furnished or unfurnishedGuide price: £2,750 per week
020 7937 8203 [email protected] KnightFrank.co.uk/Kensington
42 KENSINGTON SALES
Bedford GardensKENSINGTON W8 Guide price: £550,000
Campden HILL GARDENSKENSINGTON W8 Guide price: £1,350,000
Douro PlaceKENSINGTON W8 Guide price: £5,950,000
Stratford RoadKENSINGTON W8 Guide price: £6,750,000
Phillimore Gardens CloseKENSINGTON W8 Guide price: £3,200,000
Oakwood CourtHOLLAND PARK W14 Guide price: £3,650,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
020 7938 4311 [email protected] KnightFrank.co.uk/Kensington
43KENSINGTON LETTINGS
Mount Carmel ChambersKENSINGTON W8 Guide price: £525 per week
Kensington SquareKENSINGTON W8 Guide price: £525 per week
Campden House TerraceKENSINGTON W8 Guide price: £2,400 per week
Addison RoadHOLLAND PARK W14 Guide price: £3,500 per week
Kensington Church CourtKENSINGTON W8 Guide price: £795 per week
Phillimore GardensKENSINGTON W8 Guide price: £1,900 per week
LET
LET
LET
LET
LET
LET
020 7937 8203 [email protected] KnightFrank.co.uk/Kensington
At Knight Frank Fulham we know the market. And it’s not just about our years of experience in the area, it’s about the results we deliver for our clients. We pride ourselves on the quality of our service, but dont just take our word for it...
“ In my opinion the best and most personal service in Fulham.” Mr P.
If you’re considering buying, selling, renting or letting a property in the area contact us on 020 7751 2400 to see what we can do for you.
Exceptional results in Fulham
KnightFrank.co.uk/Fulham
For Sale Tyrawley Road, Fulham SW64 bedrooms £1,895,000Let Waldemar Avenue, Fulham SW6
1 bedroom £425 per week
Sold Radipole Road, Fulham SW66 bedrooms £2,800,000 To Let Winchendon Road, Fulham SW6
5 bedrooms £1,500 per week
For Sale Epirus Road, Fulham SW65 bedrooms £1,800,000Let Alderville Road, Fulham SW6
4 bedrooms £1,000 per week
Let Hurlingham Road, Fulham SW66 bedrooms £2,300 per week
Sold Lanfrey Place, West Kensington W143 bedrooms £895,000
Perrymead Street, Fulham SW65 bedrooms £2,950,000Sold
At Knight Frank Fulham we know the market. And it’s not just about our years of experience in the area, it’s about the results we deliver for our clients. We pride ourselves on the quality of our service, but dont just take our word for it...
“ In my opinion the best and most personal service in Fulham.” Mr P.
If you’re considering buying, selling, renting or letting a property in the area contact us on 020 7751 2400 to see what we can do for you.
Exceptional results in Fulham
KnightFrank.co.uk/Fulham
For Sale Tyrawley Road, Fulham SW64 bedrooms £1,895,000Let Waldemar Avenue, Fulham SW6
1 bedroom £425 per week
Sold Radipole Road, Fulham SW66 bedrooms £2,800,000 To Let Winchendon Road, Fulham SW6
5 bedrooms £1,500 per week
For Sale Epirus Road, Fulham SW65 bedrooms £1,800,000Let Alderville Road, Fulham SW6
4 bedrooms £1,000 per week
Let Hurlingham Road, Fulham SW66 bedrooms £2,300 per week
Sold Lanfrey Place, West Kensington W143 bedrooms £895,000
Perrymead Street, Fulham SW65 bedrooms £2,950,000Sold
KNIGHTSBRIDGE 47
Getting around: Knightsbridge, Sloane Square, South Kensington
Best known for: The luxury brand shops and boutiques on Sloane Street including Chanel, Dior, Prada, Hermes together with local department stores Harrods and Harvey Nichols, museums, and the development One Hyde Park.
Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster
Area: Home to some of the world’s most prestigious venues, shops, hotels and restaurants, Knightsbridge sits to the west of Sloane Street and south of Hyde Park. The area is characterised by beautiful garden squares as well as its red brick mansion blocks and white stucco-fronted houses and apartments. Examples of this wonderful architecture can be found on Pelham Crescent, Egerton Crescent, Cadogan Place, Cadogan Square, Alexander Square and Lennox Gardens.
Social and cultural attractions: Knightsbridge benefits from having some exceptional hotels such as The Jumeirah Carlton Tower, Sheraton Park Tower, and The Mandarin Oriental, which is home to the world-renowned restaurant Dinner by Heston Blumenthal. Places of interest nearby include the V&A, Natural History Museum, Science Museum, Royal Albert Hall, Brompton Oratory, The Saatchi Gallery and Cadogan Hall.
Sports and leisure facilities: Hyde Park, London’s largest royal park, is within walking distance and offers everything from boating to tennis courts, The Serpentine Gallery and hosts music concerts such as Proms in The Park. Also found in Knightsbridge are some of the most luxurious gymnasiums including KX gym, The Peak and The Berkeley.
Our favourite places: Zafferano, a Michelin-starred Italian restaurant; Zuma for contemporary Japanese cuisine; Scalini for authentic Italian; Amaya for Indian fusion; and Bibendum for classic French cuisine.
KNIGHTSBRIDGEAREAS COVERED SW1 SW7 SW3
KNIGHTSBRIDGE SALES48
The market: There continues to be an appetite from global buyers who are looking to fi nd wonderful homes in Knightsbridge, ranging from the occasional home of a lateral apartment to a trophy family home in Egerton Crescent or similar.
Our outlook: Knightsbridge continues to attract the international purchaser wanting to acquire a home in one of the best areas in central London. During the summer we experienced the normal lull in activity whilst our clients enjoyed their summer homes. The September market has commenced as usual.
Who buys here: Knight Frank sold properties to over 60 nationalities last year, many of whom reside in Knightsbridge.
SALES OVERVIEW
577,000Our global residential search
has more than
visitors per month from around the world
£75.1mthrough us in the past six
months
International buyers have spent
SALESBY NUMBERS
35%of our sales in the last six months were priced under
£1.5m
SALES INSIGHT
“The best thing to happen to the market would be for positive signs in the Eurozone, stability in America and the feared substantial UK tax changes to be measured. Buyers are increasingly focussed on service and trusted advice.”
Our team in action: We sold a Knightsbridge property to a client in 2008. He asked us to resell it in 2010 as he was moving to Switzerland. Within one hour we had arranged for the client to meet with our Swiss offi ce in Geneva and recommended a tax advisor for planning the move. Prior to marketing the property we arranged for it to be redressed and within a couple of months it sold.
The Knightsbridge SW7
Eliza Leigh Head of Sales
020 7591 8600 [email protected] KnightFrank.co.uk/Knightsbridge
KNIGHTSBRIDGE SALES 49
Elegant Knightsbridge housePelham Crescent
An immaculate white stucco fronted house positioned on the favoured section of the crescent in one of Knightsbridge’s finest addresses, with a stunning west facing rear garden.
Master bedroom suite, 4 further bedrooms, 3 further bath/shower rooms, dressing room, kitchen, first floor drawing room, dining room, family room, study, playroom, cloakroom, utility, balcony, west facing rear garden.
Approximately 314 sq m (3,385 sq ft)
KNIGHTSBRIDGE SW7FreeholdGuide price: £11,500,000
KNIGHTSBRIDGE SALES50
Exceptional lateral penthouse with garageHans PlaceA superb penthouse located on the east side of this famous Knightsbridge garden square offering great lateral space and a rare 60ft west facing terrace.
Master bedroom suite, further bedroom with en suite shower room, study/bedroom 3, kitchen/breakfast room, double reception room, cloakroom, terrace, resident porter, storage room, secure lock up garage, lift, use of communal gardens by arrangement.
Approximately 169 sq m (1,820 sq ft)
KNIGHTSBRIDGE SW1Leasehold: approximately 119 years unexpired Guide price: £6,750,000
KNIGHTSBRIDGE SALES 51
Stunning Knightsbridge house with gardenAlexander SquareA beautiful, newly refurbished freehold house that has been finished to a very high specification, situated in this highly sought after private road in Knightsbridge.
Master bedroom suite with separate dressing room, guest bedroom suite, 2/3 further bedrooms, 2 further bath/shower rooms, kitchen/breakfast room, dining room, double drawing room, study, media room, family room/bedroom 5, utility room, cloakroom, air conditioning to upstairs bedrooms, rear garden, first floor balconies.
Approximately 288 sq m (3,109 sq ft)
KNIGHTSBRIDGE SW3FreeholdGuide price: £9,250,000
020 7591 8600 [email protected] KnightFrank.co.uk/Knightsbridge
KNIGHTSBRIDGE LETTINGS52
The market: There has been demand at all levels from one bedroom fl ats to exclusive three bedroom apartments in One Hyde Park and from three bedroom townhouses to large family houses.
Our outlook: The summer months have been busy in the Knightsbridge lettings market and the oversupply of stock that we had six months ago has steadily dwindled. This, combined with the increasing volume of deals should mean rental levels may start to rally again.
Who rents here: The end of the summer coming into autumn has seen demand from families relocating at the start of the new academic year and from international students.
LETTINGS OVERVIEW
£750 - £2,500
Supply and demand has been matched for properties
between
per week, 51% new properties coming to the market and
52% applicants looking
50%of our applicant enquiries come via our multilingual
website
LETTINGSBY NUMBERS
38%The number of new tenancies is up by
over the last six months
LETTINGS INSIGHT
“The rental market has been very busy over the summer with an increase in the different nationalities of tenants looking to rent. In Knightsbridge, One Hyde Park continues to shine, though the demand has been strong at all levels.”
Our team in action: This house was sold via our offi ce in Chelsea to an investor landlord at asking price. We advised the landlord to redecorate the house to maximise the rental income, this was done via our Lettings Management Department. The house was then let the day the decorators vacated.
Paradise Walk SW3
Juliet Hill Head of Lettings
020 7591 8601 [email protected] KnightFrank.co.uk/Knightsbridge
KNIGHTSBRIDGE LETTINGS 53
London’s most exclusive address in the heart of Knightsbridge One Hyde Park
The apartment has been interior designed by Candy & Candy and enjoys south facing views over Knightsbridge.
3 double bedroom suites, reception room with balcony, kitchen, dining room, underground parking space, wine cellar, storage room and extensive amenities including 24 hour concierge, Mandarin Oriental service and exclusive leisure/spa services.
Approximately 325 sq m (3,500 sq ft)
KNIGHTSBRIDGE SW1XAvailable furnishedGuide price: £18,500 per week
KNIGHTSBRIDGE LETTINGS54
Lovely light flat
Interior designed flatGround floor maisonette
Pelham Court Cadogan Gardens
REDBURN STREET Pont Street
CHELSEA SW3Available furnishedGuide price: £850 per week
Interior designed to an exceptional standard, this immaculate flat overlooks Pelham Crescent.
2 bedrooms, bathroom, reception room, kitchen, lift, porter.
Approximately 68 sq m (740 sq ft)
A second floor flat with leafy views, very close to Sloane Square and the King’s Road.
3 bedrooms, 3 bathrooms, reception room, kitchen, access to square gardens.
Approximately 126 sq m (1,351 sq ft)
KNIGHTSBRIDGE SW3Available unfurnishedGuide price: £1,450 per week
The flat is located in a quiet Chelsea Street close to the King’s Road and benefits from a patio garden.
2 double bedrooms, bathroom, en suite cloakroom, reception room, eat-in kitchen, patio garden.
Approximately 126 sq m (1,351 sq ft)
First floor flat just minutes from the exclusive designer shops and restaurants of Knightsbridge.
Double bedroom, bathroom, reception room, kitchen.
Approximately 50 sq m (538 sq ft)
KNIGHTSBRIDGE SW1CHELSEA SW3Available furnished or unfurnishedGuide price: £780 per week
Available furnishedGuide price: £725 per week
Overlooking Pelham Crescent
KNIGHTSBRIDGE LETTINGS 55
The house has undergone an extensive refurbishment programme using bespoke fixtures and fittings throughout and provides excellent entertaining space.
5 double bedrooms, 4 bathrooms, large first floor reception room, family room, study, conservatory, cinema, kitchen, utility room, cloakroom, storage room, patio garden, lift.
Approximately 293 sq m (4,232 sq ft)
Interior designed triple aspect flat with a south facing balcony overlooking this popular garden square within easy walking distance of Hyde Park.
2 double bedrooms, 2 en suite bathrooms, reception room, kitchen, cloakroom, utility room, 2 balconies, lift, access to square gardens.
Approximately 133 sq m (1,429 sq ft)
KNIGHTSBRIDGE SW7Available furnishedGuide price: £7,000 per week
Wonderful house in prime Knightsbridge square
Immaculate flat close to Hyde Park
Montpelier Square
Ennismore Gardens
KNIGHTSBRIDGE SW7Available furnishedGuide price: £4,000 per week
020 7591 8601 [email protected] KnightFrank.co.uk/Knightsbridge
56 KNIGHTSBRIDGE SALES
Guthrie StreetCHELSEA SW3 Guide price: £2,250,000
The KnightsbridgeKNIGHTSBRIDGE SW7 Guide price: £7,750,000
ALBERT COURTKNIGHTSBRIDGE SW7 Guide price: £8,000,000
Walton PlaceKNIGHTSBRIDGE SW3 Guide price: £7,500,000
SOLD
Wellington SquareCHELSEA SW3 Guide price: £6,450,000
SOLD
SOLD
Ennismore GardensKNIGHTSBRIDGE SW7 Guide price: £7,250,000
SOLD SOLD
SOLD
020 7591 8600 [email protected] KnightFrank.co.uk/Knightsbridge
57KNIGHTSBRIDGE LETTINGS
Tite StreetCHELSEA SW3 Guide price: £575 per week
First StreetKNIGHTSBRIDGE SW3 Guide price: £1,450 per week
Cadogan PlaceKNIGHTSBRIDGE SW1 Guide price: £2,350 per week
Egerton TerraceKNIGHTSBRIDGE SW3 Guide price: £6,950 per week
Milner StreetKNIGHTSBRIDGE SW3 Guide price: £1,950 per week
Shawfield StreetCHELSEA SW3 Guide price: £2,300 per week
LET
LET
LET
LET
LET
LET
020 7591 8601 [email protected] KnightFrank.co.uk/Knightsbridge
NOTTING HILL 59
Getting around: Notting Hill Gate, Holland Park, Ladbroke GrovePaddington
Best known for: Its diversity, the Notting Hill Carnival (Europe’s largest street party), Portobello Road market (a mecca for bargain hunters), its bohemian vibe and charm and, of course, the iconic movie Notting Hill (starring Hugh Grant and Julia Roberts).
Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster
Area: Notting Hill is a wonderful balance of peace and tranquility combined with the buzz and excitement of the city. Residents are attracted to the ‘bohemian-meets-cool’ atmosphere and the diverse mix of people and places, from the magical and idyllic garden squares, to the boutiques and café culture of Westbourne Grove and the hustle and bustle of Portobello Road and Notting Hill Gate.
Social and cultural attractions: Notting Hill is home to Europe’s largest street party – the Notting Hill Carnival. The huge range of bars, gastropubs and award-winning restaurants means you can experience excellent food and drink from all corners of the globe. The Electric Cinema and the Coronet show the latest blockbusters, while The Gate Picturehouse caters for those looking for something a little more art-house. Other attractions include The Museum of Brands Packaging and Advertising and The 20th Century Theatre.
Sports and leisure facilities: As well as having many beautiful communal gardens, Notting Hill is close to the wide open spaces of Hyde Park, Kensington Gardens and Holland Park. Holland Park is renowned for its Kyoto Garden, sports facilities and picturesque walk to Kensington High Street. There are also a number of cycling routes, sports clubs, yoga and pilates centres.
Our favourite places: The Ledbury, a restaurant with two Michelin stars; The Oak, for wood-fired pizzas; Granger & Co, courtesy of Australian celebrity chef Bill Granger; E&O, for pan-Asian cuisine and inventive cocktails; Hummingbird Bakery, for exquisite cupcakes; Assaggi, for wonderful Italian dining tucked away on a cobbled mews; Julie’s, regarded as the ‘rock chic’ restaurant of the world; Dock Kitchen in W10, a waterside restaurant; Jamie Oliver’s new venture Recipease, which has just opened on Notting Hill Gate; and for arguably the best coffee in town go to The Grocer on Elgin Crescent and seek out Samir.
NOTTING HILLAREAS COVERED W11 W10 W2
60 NOTTING HILL SALES
The market: The goal of the Olympics and Paralympics was to ‘inspire a generation’ with London being showcased to the world, and it didn’t disappoint. As we embrace this spirit, the autumn market in Notting Hill is showing positive signs of renewed activity.
Our outlook: Notting Hill remains a resilient market place and we are hoping that we can inspire another generation to fall in love with this vibrant area. Against a backdrop of fi nancial and economic concerns around the world, the market has a strong and robust pulse.
Who buys here: From bankers to musicians, lawyers to artists, those from all professions love the vibrant atmosphere and spirit of the area.
SALES OVERVIEW
96In the past 9 months our
iPhone/iPad app has been downloaded by people from
countries
SALESBY NUMBERS
320We have
potential buyers on our books looking to spend a collective
total of £1.70bn
SALES INSIGHT
“The best thing to happen to the market would be for clarifi cation on tax issues, an avoidance of overambitious pricing and continuing demand from overseas buyers. This year I expect to see an active autumn market with a slower rate of price growth.”
Our team in action: The appetite for Notting Hill’s highly prized garden square houses is evidenced by the current marketing of a truly wonderful unmodernised house in Stanley Crescent. In just a few days of marketing we have had multiple bidding in excess of the guide price.
Stanley Crescent W11
Caroline Foord Head of Sales
97%of the guide price on sales
this year
On average we have achieved
020 7229 0229 [email protected] KnightFrank.co.uk/NottingHill
61
NOTTING HILL W11Leasehold Guide price: £7,950,000
NOTTING HILL W11FreeholdGuide price: £5,950,000
This beautiful home offers flexible accommodation with a separate lower ground floor flat.
4 bedrooms, 2 bathrooms, 3 reception rooms, kitchen, study, utility, guest cloakroom, balcony, garden. Separate flat: Bedroom, bathroom, 2 reception rooms, kitchen, terrace.
Main house Approximately 228.5 sq m (2,460 sq ft) Separate flat Approximately 74.3 sq m (800 sq ft)
Total area Approximately 302.5 sq m (3,260 sq ft)
Generous Victorian family home St. James’s Gardens
A newly developed maisonette, finished to an exceptional standard offering wonderful lateral space and set over the top two floors of this elegant period building.
Master bedroom with dressing room and en suite bathroom, 3 further bedroom suites, 2 reception rooms, kitchen, 2 roof terraces, additional storage, lift with direct access.
Approximately 320.1 sq m (3,446 sq ft)
Westbourne Grove Exceptional lateral space in prime location
NOTTING HILL SALES
NOTTING HILL SALES62
Mansion block apartment
Maisonette in popular location
Palace Court
Ledbury Road
Magnificent raised ground floor three bedroom apartment in this secure portered mansion building boasting a 40ft interconnecting double reception room with southerly views of Palace Court and a shared patio.
3 bedrooms, 3 bathrooms, 2 reception rooms, kitchen/breakfast room, guest cloakroom, shared patio.
Approximately 226.5 sq m (2,438 sq ft)
A well-presented two bedroom maisonette on the top two floors of this period building situated on this popular street just off Westbourne Grove.
2 bedrooms, bathroom, reception room, separate kitchen.
Approximately 78.1 sq m (841 sq ft)
NOTTING HILL W2Share of freeholdGuide price: £3,650,000
NOTTING HILL W11Leasehold Guide price: £995,000
NOTTING HILL SALES 63
Spacious Notting Hill home
Well balanced accommodation
Cornwall Crescent
Chepstow Place
A spacious and light house arranged over four floors and currently consisting of two bedrooms which could be reconfigured to create a wonderful family home.
2 bedrooms, freestanding bath in master bedroom, wet room, bathroom, 3 reception rooms, kitchen, guest cloakroom, garden.
Approximately 179.5 sq m (1,932 sq ft)
An excellent third floor (with lift) two bedroom apartment in this white stuccoed building with a west facing reception room offering attractive views.
2 bedrooms, bathroom, reception room, separate kitchen.
Approximately 86.2 sq m (928 sq ft)
NOTTING HILL W11Freehold Guide price £2,850,000
NOTTING HILL W2LeaseholdGuide price £1,365,000
020 7229 0229 [email protected] KnightFrank.co.uk/NottingHill
NOTTING HILL LETTINGS64
The market: Demand for high value properties is strong with a growing number of European and American fi rms increasing the number of corporate relocations into the City. Stock levels are increasing and we are seeing more activity across the board after the Olympics.
Our outlook: The market continues to be busy as we head into the late autumn after a slower than usual summer market. We are seeing increased activity from relocation agents and applicants and with higher stock levels there is more business being done across the board.
Who rents here: Notting Hill attracts an eclectic mix of young professionals, families and those who have retired.
LETTINGS OVERVIEW
36%of our properties we let are
over £1,000 per week
82%of our tenancies agreed in
the last 12 months have been with international tenants
LETTINGSBY NUMBERS
32%of our new instructions in the last 12 months have been for
properties priced between £500 - £750 per week
LETTINGS INSIGHT
“Although my typical buyer is a single professional or young family who work within the banking industry, we must also look out for international tenants who want wooden fl oors, slick bathrooms and kitchens and are prepared to pay for it.”
Our team in action: Our sales department sold this unmodernised one bedroom fl at to a couple who completely refurbished it and moved in. Months later they were relocated and instructed Knight Frank to let the property, we quickly found suitable tenants and successfully let the property.
Ladbroke Grove W11
Sophie Woolfenden Head of Lettings
NOTTING HILL LETTINGS 65
Gorgeous detached six bedroom family house Dawson Place
A stunning detached villa which has been refurbished to an extremely high standard. Dawson Place is regarded by many as one of the most prestigious addresses in Notting Hill partly due to the large white stucco fronted villas with off street parking and front gardens which provide additional privacy and security.
5 bedrooms, 3 bathrooms, reception room, kitchen/breakfast room, dining room, study, playroom, self-contained flat, cloakroom, air conditioning, private garden.
Approximately 425.86 sq m (4,584 sq ft)
DAWSON PLACE W2Available unfurnishedGuide price: £12,500 per week
020 7985 9990 [email protected] KnightFrank.co.uk/NottingHill
NOTTING HILL LETTINGS66
Light second floor apartment Access to communal gardens CHEPSTOW VILLAS KENSINGTON PARK GARDENS
Immaculately presented and refurbished top floor apartment located in Notting Hill.
Bedroom, study/single bedroom, bathroom, reception room.
Approximately 67.6 sq m (727.3 sq ft)
NOTTING HILL W11Available part furnishedGuide price: £450 per week
An elegant first floor flat.
2 double bedrooms, single bedroom/study, 3 en suite bathrooms, drawing room/dining room, eat-in kitchen.
Approximately 161 sq m (1,728 sq ft)
NOTTING HILL W11Available part furnished or unfurnishedGuide price: £875 per week
NOTTING HILL W11Available furnishedGuide price: £1,600 per week
Ideally located Private off-street parkingBLENHEIM CRESCENT LADBROKE GARDENS
A raised ground floor flat ideally located close to Ladbroke Grove underground.
Bedroom, bathroom, kitchen, reception room.
A stunning six bedroom corner house.
6 bedrooms, 5 bathrooms, 3 reception rooms, kitchen, study, patio gardens, off-street parking.
Approximately 348 sq m (3,751 sq ft)
NOTTING HILL W11Available unfurnishedGuide price: £5,250 per week
NOTTING HILL LETTINGS 67
Large roof terrace Charming home near Westbourne GroveALL SAINTS ROAD LONSDALE ROAD
Spacious and recently refurbished family house.
3 bedrooms, 3 bathrooms, double reception room, kitchen/breakfast room, private garden, roof terrace.
Approximately 193 sq m (2,080 sq ft)
NOTTING HILL W11Available furnished or unfurnishedGuide price: £2,350 per week
This charming house is extremely light and spacious.
3 bedrooms, en suite bathroom, 2 shower rooms, double reception room, kitchen, conservatory, garden.
Approximately 145 sq m (1,571 sq ft)
NOTTING HILL W11Available furnished or unfurnishedGuide price: £975 per week
KENSINGTON PARK GARDENS
NOTTING HILL W11Available unfurnishedGuide price: £2,100 per week
NOTTING HILL W11Available unfurnishedGuide price: £1,600 per week
Unique family house Private roof terraceDENBIGH TERRACE PALACE COURT
Contemporary three bedroom house with private garden.
3 bedrooms, 2 bathrooms, dressing room, reception room, family room, eat-in kitchen, cloakroom, garden, terrace.
Approximately 348 sq m (3,751 sq ft)
A light and comfortable apartment located on the second floor of this terraced house.
2 bedrooms, 2 bathrooms, open-plan kitchen, reception room, roof terrace.
Approximately 93.87 sq m (1,010 sq ft)
020 7985 9990 [email protected] KnightFrank.co.uk/NottingHill
68 NOTTING HILL SALES
Ladbroke GroveNOTTING HILL W11 Guide price: £675,000
Vernon YardNOTTING HILL W11 Guide price: £1,395,000
Blenheim CrescentNOTTING HILL W11 Guide price: £4,350,000
Elgin CrescentNOTTING HILL W11 Guide price: £8,000,000
Bassett RoadNOTTING HILL W10 Guide price: £1,500,000
Newton RoadNOTTING HILL W2 Guide price: £2,750,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
020 7229 0229 [email protected] KnightFrank.co.uk/NottingHill
69NOTTING HILL LETTINGS
Ladbroke GroveNOTTING HILL W11 Guide price: £585 per week
Pembridge SquareNOTTING HILL W2 Guide price: £675 per week
Palace CourtNOTTING HILL W2 Guide price: £2,850 per week
Lansdowne RoadNOTTING HILL W11 Guide price: £4,750 per week
Avondale Park GardensNOTTING HILL W11 Guide price: £1,000 per week
Stanley GardensNOTTING HILL W11 Guide price: £1,600 per week
LET
LET
LET
LET
LET
LET
020 7985 9990 [email protected] KnightFrank.co.uk/NottingHill
71south kensington
Getting around: South Kensington, Gloucester Road, Sloane Square,
Earls Court, West Brompton, West Brompton, Imperial Wharf
Best known for: Museums, Royal Albert Hall, Imperial College, Royal Academy of Music and the Lycée school.
Borough: Royal Borough of Kensington and Chelsea
Area: South Kensington is London’s museum heartland and attracts over 11 million visitors every year. Exhibition Road, at the heart of the area, recently benefitted from significant refurbishment. The area has a distinct Parisian vibe and the renowned local French school, Lycée Francais Charles de Gaulle de Londres, is a big pull for the many French residents.
Social and cultural attractions: Numerous venues include the Natural History Museum, Science Museum, Victoria and Albert Museum, Royal Albert Hall, National Geographic Society and Royal Academy of Music.
Sports and leisure facilities: Residents of South Kensington benefit from proximity to Hyde Park – home to the Serpentine Lake with its outdoor swimming club and boating activities, a tennis club, gardens and open spaces. The park also hosts a number of events throughout the year from Winter Wonderland to open-air concerts in the summer.
Our favourite places: The Hummingbird Bakery, a renowned cake shop on the Old Brompton Road; and Jia, a Dim Sum restaurant close to South Kensington tube.
SOUTH KENSINGTONAREAS COVERED SW7 SW5
south kensington sales72
The market: Properties that are priced under £2m have remained in high demand and South Kensington remains a popular area for international buyers to come, both to live and invest.
Our outlook: We are seeing more stock becoming available but the number of new buyers to the market is showing some signs of slowing. So whilst we sense there will be a levelling off of prices, we don’t think there is cause to panic.
Who buys here: Western Europeans, but we have recently sold properties to people from as far afi eld as Bermuda.
SALES OVERVIEW
109In the last six months alone,
potential buyers from
diff erent countries have viewed properties for sale
through Knight Frank South Kensington
SALESBY NUMBERS
110We have
potential buyers on our books looking to spend a collective
total of £564m
SALES INSIGHT
“The most exciting emerging hotspot in this locality is the Gardens area. The best thing to happen to the market would be for more two bedroom turnkey apartments priced at under £2m to come on to the market.”
Our team in action: The owners of this house had bought this through us and refurbished it beautifully. When they decided it was time to move out, they asked us to sell. After 73 viewings, the house was sold and our clients then bought a new house through our Esher offi ce.
Ensor Mews SW7
James Pace Head of Sales
96%of the guide price on sales in
the past six months
On average we have achieved
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
south kensington sales 73
Spacious raised ground floor flat with communal gardensQueen’s Gate Gardens
A superb apartment presented in fabulous order throughout and located on the ground floor of a well-maintained period building.
Master bedroom with en suite shower room, bedroom 2 with en suite shower room, bedroom 3, family bathroom, double reception room, eat-in kitchen, utility room, communal gardens.
Approximately 184 sq m (1,987 sq ft)
SOUTH KENSINGTON SW7Share of freeholdGuide price: £3,850,000
74 south kensington sales
SOUTH KENSINGTON SW7Leasehold:approximately 87 years remainingGuide price £2,450,000
Upper maisonette with roof terraceCranley Gardens
Located on the third and fourth floors of a part white stucco fronted building, this property offers an abundance of light and has well-proportioned rooms throughout as well as a west facing roof terrace.
Master bedroom with en suite bathroom, 2 further bedrooms, shower room, reception room, dining room, kitchen, roof terrace.
Approximately 150 sq m (1,615 sq ft)
south kensington sales 75
Garden views from private balconyBarkston Gardens
A spacious mansion block apartment that benefits from a wealth of reception space as well as excellent ceiling height throughout and superb views over the communal gardens from a private balcony.
4 bedrooms, 2 bathrooms, 3 reception rooms, kitchen, cloakroom, balcony, lift, resident porter, communal gardens.
Approximately 238 sq m (2,570 sq ft)
EARLS COURT SW5Share of freeholdGuide price: £3,350,000
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
south kensington lettings76
The market: We have a strong demand for turnkey immaculate properties that always receive a positive reception and secure tenants within a short time frame at healthy prices. Current rents are healthy with new lettings volumes in the last three months 18% higher than the same period in 2011.
Our outlook: Our view is that the current weakness in headline rental growth is not evidence of a wider downturn in demand from tenants. Pricing remains historically high and we see no ‘shift change’ in pricing on the horizon.
Who buys here: We have a historically strong demand from French nationals looking to take advantage of the excellent Lycée School in SW7.
LETTINGS OVERVIEW
39%of our applicants are looking
to spend between £500-£750 per week
LETTINGS BY NUMBERS
50%of our applicants come to us
via the web
LETTINGS INSIGHT
“My typical renter is often a high net worth family or individual with more than one fi xed abode globally. International tenants want advice on local amenities, schooling and transport links. The worst mistake a landlord can make is to over personalise the presentation of a property.” of a property.”
Our team in action: Having suff ered a devastating fi re at their property on Barkston Gardens, our client asked us to fi nd a four bedroom, fully furnished property for at least a year whilst his home was refurbished. 24 hours later we had settled the family into a beautiful mews house, fully furnished and with broadband up and running.
Barkston Gardens SW5
David Mumby Head of Lettings
57%of our tenants are non UK nationals
south kensington lettings 77
Much sought after garden squareOnslow Gardens
Located in a period building with its own private entrance, the property benefits from two stunning terraces on both the first and second floors.
Master bedroom with dressing room, en suite bathroom and a terrace, 2 further double bedrooms with en suite bathrooms, guest cloakroom, reception room and adjoining dining room, study area, fully fitted eat-in kitchen.
Approximately 212 sq m (2,264 sq ft)
ONSLOW GARDENS SW7Available furnished or unfurnished Guide price: £4,750 per week
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
south kensington lettings78
Over 2,000 sq feet of accommodation
An immaculate four bedroom family house to rent
Selwood Place
Selwood Terrace
This double fronted house over only two floors is set back from the street, approached via an attractive front garden, and has been comprehensively refurbished in the last few years.
3 bedrooms, 2 bathrooms, reception room, kitchen, dining room, study, dressing area, cellar, south facing rear garden.
Approximately 191 sq m (2,057 sq ft)
This property is arranged over four floors and offers spacious and flexible accommodation with the benefit of a stunning private rear garden.
Master bedroom with large en suite, 2 further large bedrooms, further bedroom, large reception room with wooden flooring and underfloor heating throughout, impressive dining room, kitchen, study with direct access to private garden.
Approximately 147 sq m (1,580 sq ft)
SOUTH KENSINGTON SW7Available unfurnishedGuide price: £2,250 per week
SOUTH KENSINGTON SW7Available unfurnishedGuide price: £2,100 per week
south kensington lettings 79
Light-filled rooms with bespoke fixtures and fittingsBrechin PlaceThe lateral space over the first and second floors is a rarity in South Kensington and early viewing is recommended.
Master bedroom with en suite bathroom, 2 further double bedrooms, 2 bathrooms, double reception room, kitchen, study, balcony.
Approximately 133 sq m (1,428 sq ft)
SOUTH KENSINGTON SW7Available furnished or unfurnishedGuide price: £2,250 per week
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
80 south kensington sales
Earls Court SquareEARLS COURT SW5 Guide price: £2,950,000
Ensor MewsSOUTH KENSINGTON SW7 Guide price: £3,295,000
Gloucester RoadSOUTH KENSINGTON SW7 Guide price: £4,750,000
Neville TerraceSOUTH KENSINGTON SW7 Guide price: £5,395,000
Clareville GroveSOUTH KENSINGTON SW7 Guide price: £3,850,000
Queen’s Gate PlaceSOUTH KENSINGTON SW7 Guide price: £4,500,000
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
81south kensington lettings
Gledhow GardensSOUTH KENSINGTON SW5 Guide price: £2,950 per week
Queen’s GateSOUTH KENSINGTON SW7 Guide price: £3,950 per week
Roland GardensSOUTH KENSINGTON SW7 Guide price: £995 per week
LET
Alexandra CourtSOUTH KENSINGTON SW7 Guide price: £2,200 per week
LET
LET
ROLAND GardensSOUTH KENSINGTON SW7 Guide price: £850 per week
LET
Onslow GardensSOUTH KENSINGTON SW7 Guide price: £1,950 per week
LET
LET
020 7871 4111 [email protected] KnightFrank.co.uk/SouthKensington
RESIDENTIAL SERVICES82
We put clients at the heart of what we do and our service levels are driven by our clients’ needs. As a result we have created an environment that nurtures the best people in the business and genuinely allows us to give the best advice – the sort of advice you’d give your family. What can be a life-changing process for many people – buying, selling, renting, or letting a property – is handled
with care, discretion, service, and professionalism at all times.
Below is an overview of our specialist teams and how they can help. If you can’t find what you are looking for here, please visit: KnightFrank.com/Residential
Whether you are buying a beautiful house for personal enjoyment or want to invest in a portfolio of rental properties, we can help.
WHY KNIGHT FRANK?
• Finding a property to rent• Arranging a tenancy• Rental property for corporates• Relocation services• Valuations• Services for landlords• Letting your property
Renting, letting and managing residential property
Property in Central London please contact Noel Flint on +44 (0)20 7861 5020
UK property outside of London please contact Nick van Zeller on +44 (0)1488 682 726
UK farms and estates please contact Clive Hopkins on +44 (0)20 7861 1064
Property outside of the UK please contact Paddy Dring on + 44(0)20 7861 1061
Knight Frank’s property search service contact Philip Selway on +44 (0) 20 7591 2647
For more information about financing and mortgage options with Knight Frank Finance, please contact Simon Gammon on +44 (0)20 7268 2581 or visit KnightFrankFinance.co.uk
• Finding a property to buy• Financing your purchase• Property search and acquisition• Services for international buyers• Investing in property portfolios• Valuations
Buying and selling residential property
For more information on renting, letting and property management with Knight Frank please contact Tim Hyatt on +44 (0)20 7861 5044 or visit KnightFrank.co.uk/Lettings
To find out more about Knight Frank’s consultancy services contact David Peters on +44 (0)20 7861 1067
Our world-class research team ensures that we lead the field in understanding the key drivers of the residential property market. This means that we price and market property to deliver a sale or rental in the most effective way.
• Valuations• Rural consultancy• Country house consultancy• Renewables and sustainability• Rural consultancy• Property research
Consulting and property research
For more information about our residential development team please contact Stephan Miles-Brown on +44 (0)20 7861 5403
• New Homes• Residential Development
Other areas of expertise
• Relocation services• Property management• Lettings management
DIRECTORYGlobal Headquarters
+44 (0)20 7629 817155 Baker StreetLondon, W1U 8ANUnited Kingdom
Country Department
+44 (0)20 7629 [email protected]
International Department
+44 (0)20 7629 [email protected]
Mayfair+44 (0)20 7499 [email protected]
Notting Hill+44 (0)20 7229 [email protected]
Richmond (Sales only)+44 (0)20 8939 [email protected]
Riverside+44 (0)20 7590 [email protected]
South Kensington+44 (0)20 7871 [email protected]
St John’s Wood+44 (0)20 7586 [email protected]
Wandsworth (Sales only)+44 (0)20 8682 [email protected]
Wapping & City+44 (0)20 7480 [email protected]
Wimbledon+44 (0)20 8946 [email protected]
Regional Offi ces Sales & Lettings
Ascot+44 (0)1344 [email protected]
Cobham+44 (0)1932 [email protected]
London Sales & Lettings
Battersea+44 (0)20 3597 [email protected]
Belgravia+44 (0)20 7881 [email protected]
Canary Wharf & Royal Docks+44 (0)20 7512 [email protected]
Chelsea+44 (0)20 7349 [email protected]
Fulham+44 (0)20 7751 [email protected]
Hampstead+44 (0)20 7431 [email protected]
Hyde Park+44 (0)20 7861 [email protected]
Islington+44 (0)20 3657 [email protected]
Kensington+44 (0)20 7938 [email protected]
Knightsbridge+44 (0)20 7591 [email protected]
Marylebone+44 (0)20 7483 [email protected]
Esher+44 (0)1372 [email protected]
Regional Offi ces Sales
Basingstoke+44 (0)1256 [email protected]
Bath+44 (0)1225 [email protected]
Beaconsfi eld+44 (0)1494 675368beaconsfi [email protected]
Berkhamsted+44 (0)1442 [email protected]
Bristol+44 (0)117 317 [email protected]
Cheltenham+44 (0)1242 [email protected]
Cirencester+44 (0)1285 [email protected]
Exeter+44 (0)1392 [email protected]
Guildford+44 (0)1483 [email protected]
Harrogate+44 (0)1423 [email protected]
Haslemere+44 (0)1428 [email protected]
Henley-on-Thames+44 (0)1491 [email protected]
Hereford+44 (0)1432 [email protected]
Horsham+44 (0)1403 [email protected]
Hungerford+44 (0)1488 [email protected]
Oxford+44 (0)1865 [email protected]
Sevenoaks+44 (0)1732 [email protected]
Sherborne+44 (0)1935 [email protected]
Stratford-upon-Avon+44 (0)1789 [email protected]
Sutton Coldfi eld+44 (0)121 3627878sutton.coldfi [email protected]
Tunbridge Wells+44 (0)1892 [email protected]
Virginia Water+44 (0)1344 [email protected]
Winchester+44 (0)1962 [email protected]
Worcester+44 (0)1905 [email protected]
Scotland
Edinburgh+44 (0)131 222 [email protected]
Lauder+44 (0)1578 [email protected]
Ireland
Dublin+353 (0)1 662 [email protected]
International
For a full listing of our international offi ces please visit KnightFrank.com
Important Notice
1. Particulars: These particulars are not an off er or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (‘information’) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images (CGI) are indicative only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning,
building regulations or other consent has been obtained. A buyer or lessee must fi nd out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. VAT: The VAT position relating to the property (where applicable) may change without notice.
Whilst every eff ort has been made to ensure the accuracy of the information contained in this publication, the publisher cannot accept responsibility for any errors it may contain. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of Knight Frank LLP, 55 Baker Street, London W1U 8AN.
Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered offi ce is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears.
Cover image: New End, see page 9
This Local View is one of a series of fi ve publications covering the London area. To view and download a PDF or request a hard copy please visit KnightFrank.com/Publications
Welcome to Local View 2012. In the pages that follow, we hope to give you an insight into the unique London property market and showcase a selection of the most beautiful London properties currently for sale and to rent with Knight Frank.
The London market has performed surprisingly well during the fi rst half of the year, despite the economic uncertainty that persists in the Eurozone and in many of the wider, global markets. The capital became the focus of the world during our Great British Summer and our London offi ces experienced a surprising level of activity throughout most of this period.
Looking ahead, there appears to be a two stream market divided by the £2m stamp duty threshold. Below this level, the market is active, whilst above the threshold the market is patchy.
The continued uncertainty surrounding how properties owned in company names, or bought by ‘non-natural persons’, will be treated, has put some Prime and Super Prime buyers into ‘wait and see mode’ until the government’s consultation document is released at the beginning of December 2012. Despite this, London continues to attract interest from overseas investors, and the capital remains the number one destination in which to live, in the minds of many individuals from around the world.
Knight Frank has continued to invest in its network, both in London and overseas. We have opened new offi ces in Islington and Marylebone, and the Riverside team has moved to a spectacular offi ce at Albion Riverside. The team now covers the Battersea sales and rental markets. Overseas we have opened offi ces in Dubai, Qatar, Calcutta and South Africa, thus extending our reach to capture buyers and tenants from around the world.
I trust you will enjoy reading the articles contained within this edition of Local View and leafi ng through the many pages of wonderful properties that our clients have asked us to fi nd buyers or tenants for.
If you see any properties that interest you or if you would like advice on any property matter then please do not hesitate to get in touch with any one of our offi ces.
WELCOME
Noel FlintHead of London Residentialnoel.fl [email protected]
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Discover more reasons for choosing Knight Frank – talk to our experienced team on +44 (0)20 3641 1754 or visit
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LOCAL VIEWHyde Park | Marylebone | Mayfair
Issue 22012