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One thing that the Lloyds research does demonstrate is our need for convenience. We want everything at our fingertips, and this includes a desire to shop locally. With many of us now preferring to do a number of little shops each month and buying fresh, rather than the traditional ‘big shop’, having a store close at hand has become a ‘must have’ for potential buyers.
Waitrose came out on top with just over £36,000, M&S was just behind with £29,992, and Sainsbury’s at £26,081. At the bottom end of the scale are Asda, Lidl, and Morrisons, but don’t let the figures fool you. In 2014, prices of houses close to a Lidl were £4,700 lower on average than other neighbouring areas, but this has since risen, and they are now £6,400 higher. “With homes in areas close to major supermarkets commanding a premium of £22,000, the convenience of doing weekly shopping within easy reach may well be a pull for many homebuyers looking for good access to local amenities. The “Waitrose Effect” is clear; having a premium brand on your doorstep means buyers typically need to pay top prices. But the research also shows that areas with “budget” stores have, on average, seen the most rapid house price growth in recent years,” said Andy Mason, Mortgages Director at Lloyds Bank.
on your doorstep affect property prices?
At Franklyn James, we know the importance of highlighting the benefits not just of your property, but of its location and the facilities that are close by. You don’t just live in a property, you move into an area, and become part of the community. In today’s property market it really is all about location, convenience, and your local supermarket. For advice on selling your home in today’s market, contact a member of our sales team on 020 7005 6080.
Could the changing perception of stores such as Lidl have something to do with their change in fortune with regard to house prices? The company have been working hard to emphasise the quality of the produce they sell, rather than how much it costs. Their campaign #LidlSurprises has changed our understanding of where their produce comes from, and their newest campaign ‘Big on quality, Lidl on price’ stresses how much more you get for your money without sacrificing on quality.
Location, location, location, as we know, is a major factor when deciding to buy a home, but a location is defined by its surroundings. The brands that are located on your local high street can also impact on the price of property. The ‘Waitrose Effect’, as it has been nicknamed, is said to typically add over £36,000 to the property price. According to recent research by Lloyds Bank, having a home within easy distance of a local supermarket adds value to your property. But just how much is living near a supermarket worth?
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Modern, second floor apartment
On the market
This lovely three bedroom apartment has recently been refurbished throughout and is located in the sought after Free Trade Wharf. The property comprises of a spacious reception room with access to a southerly River facing balcony, separate kitchen with fitted appliances, large master bedroom with en-suite bathroom, two further bedrooms and a second family bathroom. The apartment is offered on a furnished basis. Free Trade Wharf features a 24 hour concierge, on-site leisure facilities and is within a short distance to Limehouse DLR offering easy access into the City and Canary Wharf.
Limehouse, E14 £370 PW
• Two double bedrooms • Modern bathroom • Private balcony • High spec kitchen • Parking available • Close to Limehouse station
Telling it like it is.
Limehouse office 020 7791 1777
Caspian Apartments, Limehouse, E14
Wapping, E1W £625 PW
29 Narrow Street London E14 8DP
“We retained Franklyn James to sell our flat after arranging a few valuations as we found them to be proactive and enthusiastic and they didn't disappoint.” Lisa C January, 2017
Free Trade Wharf, Wapping
Lovely three bedroom apartment
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
• Lovely 3 bedroom apartment • Two bathrooms • Spacious reception room • Modern fitted kitchen • On suite leisure facilities • Close transport links
This modern two double bedroom apartment has been maintained to an extremely high standard throughout and is available on a furnished basis. This apartment is positioned on the second floor and comprises of two double bedrooms, bright and spacious open plan reception room with high specification kitchen and built-in appliances, modern bathroom and a private balcony that is accessed from the reception room. Caspian Apartments is a recently built development that offers contemporary living and is ideally located within easy access of Limehouse DLR station making it an ideal place for City or Canary Wharf professionals. Parking can be made available by separate negotiation.
Spacious three bedroom apartment
Barry Blandford Way, Bow, E3 £600,000
This beautiful home benefits from having a private entrance which takes you immediately into the spacious open plan living room. There is a modern kitchen with integrated appliances and granite work surfaces. This room enjoys a pleasant corner aspect ensuring an abundance of natural light during daylight hours. There is also hard wood flooring throughout the entertaining space.
What the vendor says... "We have loved living in this development, and we can honestly say we have never lived somewhere more convenient. The transport links are one of the best features of the location, with very quick access to Canary Wharf southwards and Stratford northwards, taking less than 15 minutes door to door. Access to Liverpool Street and Bank in the City is unbeatable at about 22 minutes on air-conditioned, quiet transport – practically unheard of! One of the features of Devon’s Road area is the Limehouse Cut canal is only a couple of minutes away which is peaceful all year round and great for running or cycling. There is a great selection of restaurants and cafes on Roman Road and there is always a new one to consider going to. We were surprised at how lively Canary Wharf is now on the weekends, totally changed from 10 years ago and another big plus on the location. Completion of the development will also bring additional retail space. We would argue the flat is not 'just a 3 bed' with some really useful features of the layout. Due to being on the ground floor we have direct access into the main living area which is fantastic for hosting friends and family in the adjoining patio, and great to sit out in the summer not having to use the central block’s corridors for access. There is also a spacious utility room providing a lot of storage and keeps utilities separated from the main room (and no clothes drying in the living or bedroom areas either). What originally attracted us to the property was the great value in terms of square footage, over 1000 sq. ft. and outside space was a lot better than other developments and sometimes even more than 3 bed terrace houses. We are moving out of London but otherwise would never have considered selling!"
An immaculately presented, three double bedroom apartment set within this modern development, located moments away from Devon’s Road DLR.
• Three double bedrooms • Separate utility room • Ensuite bathroom to master bedroom • Patio garden • Bicycle storage • Close to Devon’s Road DLR station • Underground parking
All three bedrooms are of a generous size, one of which houses an ensuite shower room. There is also an additional family bathroom and a large utility area. Other benefits include a patio area which forms part of the demise of the property, an allocated underground parking space and bicycle storage. This property would be ideal for a couple or young family who want a spacious home with easy access to Canary Wharf, Stratford and Central London.
Westerdale Road, Greenwich, SE10
Greenwich, SE8 £417,500
Greenwich, SE10 £975,000
• End of terrace • Family home • Open plan kitchen/diner • Separate garage • Good for schools • Close to transport
Earning our fee.
Very well presented one double bedroom modern apartment located close to Greenwich town centre. The apartment is situated on the 6th floor and briefly comprises large entrance hall with cupboard storage, open plan kitchen/diner/living room giving direct access to private balcony with fantastic views of the London skyline and the River Thames. The generous sized double bedroom, one of the largest in the development, also gives access to the balcony. The contemporary fitted bathroom comprises a modern 3 piece suite with shower over bath. Further benefits include central heating system, floor to ceiling windows, 24 hour concierge service and private members gym next door. To the outside there is a stunning roof top communal garden offering 360 degree views across London and is a great space to unwind. Ideally located close to Greenwich town centre, only 0.3 miles from Cutty Sark DLR station which provides quick access into Canary Wharf and the City.
Three double bedroom end of terrace Victorian home
Blackheath office 020 3370 2222
4-6 Blackheath Hill London SE10 8DE
“Highly professional, excellent communication throughout the whole process of selling my property and have no hesitation in recommending the services of Franklyn james.” Rachel February, 2017
** FAMILY HOME ** CLOSE TO STATION ** The property has been lovingly cared for by the current owners and in summary comprises from large 26 x 16 L-shaped lounge, downstairs wet room, generous open plan kitchen/diner with access to the private rear garden. There are three well-proportioned double bedrooms to the upstairs with the master and second bedrooms befitting from fitted wardrobe units, and a well-appointed family bathroom. Further benefits include gas central heating, many period features to include high ceilings, period mouldings and stripped wooden floorboards. The new owners will also benefit from the separate garage which has power connected. The property has potential to gain additional space by converting the loft and doing a side return, subject to obtaining the relevant permissions from the local authority. The property is ideally positioned with Greenwich and Blackheath Standard within easy reach and Westcombe Park mainline station offers regular services to London Cannon Street (18 mins) and Greenwich stations.
• One bedroom apartment • 6th floor • Private balcony • Stunning communal roof garden • River views • Close to Greenwich town centre • 24 hour concierge • Great transport links
Opening Hours Monday - Thursday 9am - 7pm Friday - 9 am - 6pm Saturday - 10am - 4pm
Stunning views of the London skyline and amenities
The apartment comes with a secure allocated parking space. The development boasts impressive entrance lobby, concierge services and communal roof terrace. The incoming buyer will be spoilt for choice with things to do with all that historic Greenwich has to offer with its shops, bars, restaurants, markets and parks. Located a short walk to Greenwich DLR and national rail services giving easy access to Canary Wharf, Bank and the City.
Bellville House, Greenwich, SE10 £585,000
Stunning three double bedroom 5th floor (with lift) modern apartment set within a sought after development in central Greenwich
• Three double bedrooms • Two bathrooms • 5th floor • Private secure parking • Long lease • Near to Greenwich town centre • No onward chain • Great transport links
This sleek apartment comprises from three good size bedrooms with built in wardrobe space and ensuite shower room to master bedroom. The glossy contemporary fitted kitchen with integrated appliances and handleless units is open to the double aspect living room which is generous in size and is a great place to entertain. The living room gives access to the larger than average private balcony for ‘alfresco’ dining and is a lovely space to sit, relax and unwind. The hallway has cupboard storage and the luxury family bathroom is a delight. Further benefits include wooden flooring, double glazing and central heating system.
Sleek city living
Unrivalled dock views with Canary Wharf and the O2 Arena in the distance. With almost 1200 sq ft of living space, this apartment is immaculately presented throughout and has been furnished to a great standard. Accommodation comprises main entrance with entry phone system and lift, entrance hall, open-plan reception room with modern kitchen area and access to large terrace, master bedroom with en suite, second double bedroom, third double bedroom and main bathroom. Situated in Royal Victoria, you are surrounded by stunning water front scenery, along which sit many fabulous bars and restaurants. Canary Wharf is just a short DLR journey and the City can be accessed in less than 30 minutes. You will also find yourself spoilt for choice when it comes to shopping with both Canary Wharf and The Galleons Reach Retail Park in very close proximity. For those of you who travel regularly, London City Airport is little more than 5 minutes away.
On the market
“Received excellent professional service from Franklyn James. They have been really helpful and attentive can't fault them! Very smooth transaction. ” Peter November, 2016
Royal Victoria, E16 £2,700 PCM
• Two double bedrooms • Two bathrooms • Private balcony • Ample storage • Secure parking • Within walking distance to Canary Wharf
Keeping our promises.
Docklands office 020 7005 6080
Located within an impressive riverside development
Isle of Dogs, E14 £425 PW
Apartment with views
Located within an impressive riverside development with daytime porter is this spacious two double bedroom apartment. Benefits include en-suite to master bedroom, fully fitted modern kitchen, second bathroom, private balcony, ample storage and secure parking. The property is located within walking distance to Canary Wharf and South Quay DLR.
Balearic Apartments, Royal Victoria
60 Westferry Road London E14 8JE
• Three double bedrooms • Two bathrooms • Dock and Canary Wharf views • Large private balcony • On-site concierge • Parking
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
Measuring over 1000 sqft, this unique flat is presented in immaculate condition. The property comprises two double bedrooms, a smart main bathroom with large porcelain tiles, modern fitted kitchen with quartz worktop and open, spacious living area.
The property has a secure allocated parking and benefits from an original 999-year lease. There is easy access to local grocery stores, Crossharbour DLR, and a 15 minute walk to Canary Wharf. This stunning refurbished duplex apartment in such a prime location just has to be viewed!
Peninsula Court, Isle of Dogs, E14 £550,000
• Allocated Parking • Over a 1000 sqft • Underfloor heating • Balcony • Duplex • Mezzanine level • Close to Crossharbour DLR
The well-proportioned galleried mezzanine level features reclaimed pine floor, versatile arrangements, and bespoke fittings with walk-in wardrobe. The newly fitted second bathroom features a drench shower and amble storage. Both the living areas and the bathrooms enjoy underfloor heating.
Stunning refurbished duplex apartment
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 Blackheath 020 3370 2222
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.
Free & frank valuations