HOW BREXIT IS AFFECTING THE PROPERTY MARKET
The Listed Building
Old Sun Wharf The Listed Building
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Ocean Wharf Fairlead House
The main reason why property market experts think that property hunters are now bored of Brexit is because of April’s bounce in home prices. The average asking price managed to hit £305,449. It’s lower than this time last year, but it’s nevertheless the biggest month-on-month increase since March 2018. People simply can’t put their lives on hold because of Brexit any longer. Tired of the constant turbulence and the ups and downs of the Brexit process, people are dropping their resistance to moving house. This is especially true of families that can’t putt off these big life changes any longer. Prices do usually increase at this time of the year, but it is April’s biggest price rise since 2016, so there’s clear movement in the market.
With Brexit taking up most of the headlines and news coverage at the moment, it’s perhaps no surprise that it’s impact has reached so far and wide. Uncertainty over Brexit had led to a lack of demand in the property market but something has changed that as buyers seem to have become bored of Brexit.
However, there’s no doubting the impact that Brexit uncertainty has had on the property market. People have been putting off moving house and upgrading their home because they’re unsure of what will happen post-Brexit. It’s more than likely that the property market would have seen greater rises and more activity if the Brexit process wasn’t still ongoing. This is confirmed by the fact that prices are still lagging behind the point they were at a year ago. People are looking for value and being more careful about how much they spend. That might sound like a sensible move, but experts believe it’s being driven by uncertainty in the market more than anything else.
The latest news from the Brexit merry-go-round is that we have an extension until 31st October. This means that the cliff edge has been put back and people can feel a little more comfortable about things like moving house. This could mean that there’s a push in the summer as people make the most of that relative certainty. People can’t and won’t wait around forever, no matter what level of uncertainty Brexit brings, and that’s what we’re starting to see. As people get bored of Brexit, people’s concern drops and they’re less likely to let the whole process, no matter what their personal political opinions of it are, impact their ability to move house and generally move forward in life with their families. Another factor that needs to be highlighted is the lack of homes on the market. As families get frustrated by a lack of options, this puts upward pressure on prices. There’s not enough supply to meet the demand and that’s another reason why prices are now rising. In turn, these rises might see more sellers willing to list their properties, further stimulating the market.
Prices Are Rising
But Relative Certainty Will Last Through the Summer
Political Uncertainty is Still Limiting the Market Potential
PROPERTY HUNTERS ARE NOW BORED OF BREXIT
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beautifully decorated waterside duplex
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
This truly stunning and very spacious two double bedroom, third floor apartment is located in this extremely desirable warehouse conversion on the Limehouse/Wapping border. Features include master bedroom on the mezzanine level with en-suite shower room and walk-in wardrobe, second double bedroom, a semi-open plan reception room offering high ceilings, exposed beams, real wood flooring and a stunning integrated kitchen/dining area, a stylish bathroom suite, an entrance hall offering a large storage cupboard and an allocated parking space at an additional cost. The Listed Building benefits from a 24 hour concierge, gymnasium, swimming pool and sauna. The development is located a short distance from the vibrant Narrow Street and Limehouse DLR station which offers excellent transport links to both Canary Wharf and the City. Water rates are also included in the rent.
• Two double bedrooms • London skyline views • Off street parking • Two bathrooms • Excellent local amenities • Great transport links
On the market
29 Narrow Street London E14 8DP
The Listed Building, Wapping, E1W £650pw
Old Sun Wharf, London, E14
Old Sun Wharf, London, E14 £500pw
Franklyn James are pleased to present this beautifully decorated waterside duplex apartment, offering uninterrupted picturesque views of the London skyline. The apartment comprises a spacious entrance hall, a fully fitted kitchen, a bright and spacious reception room with river facing views, two double bedrooms and two recently renovated bathrooms. Further benefits include off street parking and is a mere stone’s throw away from local amenities, bars and eateries.
Limehouse office 020 7791 1777
“The team at Franklyn James has been very professional and proactive. Lee was particularly helpful and always responded very promptly whenever we had any queries, which made our lives less stressful! A very satisfying experience overall in renting our flat.” Ionian October 2017
Stunning & Spacious Two Double Bedroom
• Two double bedrooms • High ceilings • Exposed beams • Integrated kitchen • Allocated parking • Gym, pool and sauna
Telling it like it is.
The Listed Building, Wapping, E1W
Best Estate Agent in E14
• Two double bedrooms • Gated development • En-suite bathroom • Residents' gym, swimming pool & spa facilities • Underfloor heating • 24 hour concierge • Allocated parking space • 15 minutes to Canary wharf and 15 minutes to the city by foot • Use of private gardens overlooking t he river at Free Trade Wharf • Ample storage throughout
Frankly James are proud to be the sole agents of this truly stunning, two bedroom apartment located in the historic Listed Building. The Listed Building dates back to the 18th century and was previously a gunpowder warehouse.
The development offers residents the use of a recently refurbished swimming pool with spa facilities and gym. Additional features include wood flooring, underfloor heating, connection to full-fibre broadband, 24-hour concierge and a long lease. The apartment also has an allocated off-road parking space.
The apartment is accessed through a main gated entrance and an inner lobby with lift, and it comprises an entrance hall, an open-plan reception room, a modern kitchen, a master bedroom with an en-suite bathroom, a second double bedroom and a main family bathroom which has been refurbished within the last year.
What the vendor says... " I have had many enjoyable years in this property. I never tired of coming home to the huge windows flooding the flat with light. It was the perfect antidote to a long and busy day. They amount of storage in the flat is truly unique, the under-kitchen crawl space swallowed up my suitcases, skis, spare clothes, linen and other sports equipment. The flat is cosy in winter despite the exposed brick and airy in the summer. I used to work in Mayfair and would either cycle or run, it would take me just over 30mins by bike or just under 1 hour to run. Canary Wharf is of course on the doorstep and only around 10 minutes door to door by DLR. All the properties in the Spratts complex are different as they were sold as empty units in the mid-80’s and they fitted out by the original owners which leaves scope for redesign should you want to. All in all, I’m sad to be selling the property and I hope the next owner enjoys it as much as I did. "
Stunning Two-bedroom Apartment
With a vast amount of space on offer, this apartment will certainly appeal to those looking for a home offering character and a superb location on the river Thames.
The Listed Building, Wapping, E1W £875,000
60 Westferry Road London E14 8JE
A stone’s throw away from Canary Wharf, Franklyn James are delighted to offer to the market this spacious two-bedroom ground floor apartment, situated on Cassilis Road. The property comprises hallway entrance, modern fitted kitchen with built-in white goods, a spacious lounge perfect for entertaining family and friends, a master bedroom, a second double bedroom and a well-maintained family bathroom. A parking space is available to use with this property. South Quay Plaza offers amenities and Canary Wharf is only minutes away, offering even more bars, restaurants and retail stores. South Quay DLR station is only moments away, and Canary Wharf also offers the Jubilee line, granting easy travel across London. Call now to arrange your viewing!
• One double bedroom • Private balcony • Built-in wardrobes • Porter service • Gated parking space • Close to Canary Wharf
“I would recommend to anyone looking for a new place. Great positive attitude, flexibility, and responsiveness. Strongly recommend! ” Jane October 2017
Ocean Wharf, Isle of Dogs, E14
Delightful Fifth Floor Apartment
Docklands office 020 7005 6080
Keeping our promises.
Fairlead House, Canary Wharf, E14
spacious two-bedroom ground floor apartment
Ocean Wharf, Isle of Dogs, E14 £1,500 pcm (£346.15 pw)
Fairlead House, Canary Wharf, E14 £1,650 pcm (£380.77 pw)
• Walking distance to Canary Wharf • Ground floor • Furnished • Two double bedrooms • Gated development
Best Estate Agent in E14
A superb park and river view is enjoyed from all principal rooms in this very well presented fifth floor apartment. This delightful property benefits from a good sized balcony, modern open plan kitchen, one double bedroom with built-in wardrobes and additional access to the river view balcony. Bathroom with separate bath and free standing shower. Includes double gated allocated parking if needed. On site porter available and within excellent proximity to Canary Wharf.
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
**GUIDE PRICE £675,000 - £695,000** Enjoy breath-taking river views from this stunning, two double bedroom apartment in one of E14’s most desirable developments, Ocean Wharf.
Further benefits include an allocated parking space and a day time concierge service. Ocean Wharf is within walking distance to Canary Wharf, not only offering ample restaurants, bars and shops, but also excellent transport links, with both the DLR and Jubilee lines, granting easy access into the City and Stratford.
• Two double bedrooms • Secure allocated parking • Direct river views • Concierge • Walking distance to Canary Wharf
Call now to arrange your viewing.
Situated on the first floor, the apartment compromises of a large, open-plan reception room with a fully integrated kitchen and space for dining, a private balcony overlooking the River Thames, a master bedroom with fitted wardrobes and an en-suite shower room, a second double bedroom with fitted wardrobes and a family bathroom suite.
Breath-taking River Views
What the vendor says... "I've enjoyed living in this property and this area. It is very convenient with all the stores, grocery stores, restaurants and gym, within walking distance and it is easy to travel either with Canary Wharf underground or South Quay DLR. Also, the Elizabeth Line will open soon so I can imagine how good living in this area will be in the near future."
Ocean Wharf, Canary Wharf, E14 £649,950
Arranging a free, no-obligation market appraisal with Franklyn James couldn’t be easier. Just phone or email us using the details below, or complete the form and request an appointment with an experienced valuer at a time which works for you.
Call for a valuation Docklands 020 7005 6080 Limehouse 020 7791 1777
Alternatively, call into one of our high street offices where a member of staff will be happy to take all the necessary information. Our valuer will provide you with an up-to-date market valuation for sales, lettings, or both, and will advise you of current market trends and provide you with detailed information on how your property would be marketed. You can be confident that you will receive an honest and frank appraisal – we see no benefit in grossly inflating an asking price or setting unrealistic expectations.
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