Ocean Wharf Cascades Tower
Roneo Wharf, Limehouse, E14
Magellan Place, Isle of Dogs, E14
SPOTLIGHT ON THE HOUSING MARKET OVER THE LAST YEAR
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Victoria Wharf Queens Court
According to Reuters, London has been the hardest-hit property market in the UK since the Brexit vote in 2016. Buyer appetite in the Capital, has been affected by the concerns over the stability of financial services jobs and tax uncertainty after Brexit. However, there are signs of improvement, as house prices in prime locations of London, such as Kensington, are still increasing by 12.7% annually, showing that confidence in primed-location properties remains strong.
Educational data is always interesting to read and understand, especially in the London property market. Below are some useful insights relating to the property and mortgage market with recent client experiences which you may find useful to establish your next move in London.
Great Access To Childcare Facilities
THE HOUSING MARKET OVER THE PAST YEAR
Purchase, Refinance, Rental Properties, Debt Consolidation Home Improvement, Rate Reductions, Good/Bad Credit Commercial Lending, Home Equity Loans, 2nd Mortgages and Bridging Loans
The Bank of England increased interest rates from 0.5% to 0.75% in August 2018. Analyst’s have predicted that over the course of the next two years, there will be further interest rate increases as a consequence of Brexit. In the event of a no-deal Brexit, Mark Carney, Governor of the Bank of England has suggested that UK house prices could plummet by up to a third over the next three years. To conclude, the future of house prices in the UK will depend heavily on the event of Brexit and whether the UK can make a deal with the EU. If the UK and the EU are unable to make an agreement, it may cause Sterling to depreciate, interest rates and inflation to increase, causing mortgage rates to increase tremendously and house prices to plummet. On the other hand, if the UK could make a deal with EU, the UK could restore its confidence, gradually improving its economy, leading to an overall improvement in the housing market in London.
Great Transport Links To The City And West End
A further sign of stable market activity is the continued resilience of the mortgage market, with the continued rise in the number of approvals. Loan to Value ratios have been rising, with the national average LTV for first time buyers now at 78%, its highest ever post-GFC value. This shows that banks are keen to continue lending. Oxford Economics is now not expecting a base rate rise until May 2020, amid wider economic uncertainty, and mortgage interest rates have stopped increasing. This maintains the affordability of mortgages and supports house prices.
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A few examples to share from recent client experiences EXAMPLE 1 A young couple from London we helped to purchase their first home. First time buyer Best Buy rate is currently 1.29% Borrowing £250,000 Property value £320,000 Monthly mortgage payments £837 Rate 1.29% Completion time 4 weeks from application submission. EXAMPLE 2 Client we helped with a remortgage of their residential home upon renewal of their existing mortgage. Remortgage residential best rate currently 1.39% Borrowing £270,000 Property value £590,000 Monthly repayment: £917.32 Completion time: 2 weeks from submission. EXAMPLE 3 Client we recently helped to purchase a buy to let property. But to let purchase Best Buy rate 1.68% Purchase price: £670,000 Mortgage: £502,000 Deposit used: 25% Monthly repayment: £703.50 Completion time: 4 weeks from submission. EXAMPLE 4 Client we helped with a remortgage of his existing buy to let property. But to let remortgage Best Buy rate 1.41% Property price: £790,000 Mortgage: £420,000 Monthly repayment: £493.50 Completion time: 2 weeks from submission. We value your time and would love to arrange a phone call or a face to face meeting to understand about your financial priorities, needs and mortgage journey. Feel free to contact us on 02030597720 or 07956122207 to arrange a free consultation. Alternatively, you can reach us on firstname.lastname@example.org
Over the past year, house prices in the UK have increased by nearly 2%. As a result, a typical three-bedroom semi-detached home in the UK, now costs an average of £303,199. Looking at this in more detail, the UK house price index in August 2017 had grown to 4.5%, in January 2018, growth slowed to 3.8% and in May 2018, the index further dipped to 1.7%. The growth rate is under the Consumer Price Index (CPI) inflation rate of 2.3% which will hopefully prompt more buyers and sellers into the market. Furthermore, data provided by The Office for National Statistics (ONS) shows that house prices in the Capital are falling at their fastest annual rate since the depths of the financial crisis in 2008. The ONS, have reported that rents have also dropped at the fastest pace in eight years.
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Fantastic river fronted apartment
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
A bright and spacious two double bedroom two bathroom apartment in this desirable Limehouse development located just off Narrow Street. The property is offered furnished and benefits from impressive park views, three balconies and parking. The spacious lounge has floor to ceiling windows, the kitchen is fully fitted and there is ample storage throughout. Both bathrooms have been updated and there is wood flooring throughout. Brightlingsea Place is within walking distance to either Limehouse or Westferry DLR and Canary Wharf is also within close proximity.
• Two double bedrooms • Two bathrooms • Three balconies • Underground parking space • Day time porter • Close to Limehouse DLR station
On the market
29 Narrow Street London E14 8DP
Queens Court, Limehouse, E14 £475 pw
Victoria Wharf, Limehouse, E14
Victoria Wharf, Limehouse, E14 £2,600 pcm (£600 pw)
A fantastic and bright two double bedroom river fronted apartment situated on the historic Narrow Street. Features include three private balconies two of which from the living room and the other from the main bedroom, all with stunning views of the River Thames and Canary Wharf, bright and airy reception room with wooden flooring throughout the apartment, separate fully fitted kitchen, main bathroom, en-suite shower room to the master bedroom and ample storage. Additional benefits include secure underground parking, being set within a gated development with a daytime porter. The property is offered on a furnished basis. Victoria Wharf is set in the heart of Limehouse and is within walking distance to both Westferry DLR and Limehouse DLR as well as the Thames pathway and Canary Wharf.
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
Impressive park views, three balconies and parking
• Two bedrooms • Two bathrooms • Three balconies • Stunning park views • Parking • Great transport links
Telling it like it is.
Queens Court, Limehouse, E14
Best Estate Agent in E14
• Three double bedrooms • Duplex penthouse apartment • Large terrace • River and skyline views • Exposed brickwork • Modern kitchen • Excellent transport links • No onward chain • Over 2,100 sq ft • Share of freehold
Franklyn James are proud to offer this rarely available, beautiful duplex penthouse apartment covering over 2,100 sq ft of living space and located on the very sought-after Narrow Street. If high ceilings, exposed brickwork and one of the best views of the City and Canary Wharf are on your checklist, then this stunning unit in Roneo Wharf just has to be viewed.
The Thames Path is also on your doorstep for those who enjoy morning jogs or evening walks along the Thames. Offered to the market with no onward chain and a share of freehold. Call now to arrange your viewing.
The upper floor consists of the master bedroom on the mezzanine level, large en-suite bathroom, shower room, two further double bedrooms and a walk-in wardrobe. Limehouse DLR station is just moments away providing easy access into the City and Canary Wharf.
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. "
beautiful duplex penthouse apartment
The ground floor communal reception area includes the main entrance with entry phone system and lift access, whilst the accommodation comprises entrance hall, open-plan reception area with high ceilings, floor to ceiling windows and access to a large terrace, fully fitted kitchen with island unit which also acts as a breakfast bar, cloakroom and spiral staircase leading to the first floor.
Roneo Wharf, Limehouse, E14 £1,750,000
60 Westferry Road London E14 8JE
Franklyn James are proud to present this ideally sized two-bedroom apartment set in the sought-after Cascades Tower. This Sophisticated property offers bright fashionable living space and embraces an open-plan reception room with a sleek fully fitted kitchen, master bedroom with en suite, second double bedroom, single shower room, and a private balcony. Cascades Tower is within close proximity to Canary Wharf; additional benefits include a 24hr concierge and leisure facilities.
• Three bedrooms • Private balcony • River views • Allocated parking space • Day time porter • Excellent transport links
“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
stunning three bedroom ground floor apartment
Docklands office 020 7005 6080
Keeping our promises.
Cascades Tower, Isle of Dogs, E14
bright fashionable living space
Ocean Wharf, Isle of Dogs, E14 £550 pw
Cascades Tower, Isle of Dogs, E14 £2,200 pcm (£507.69 pw)
• Two bedrooms • Private balcony • Available now • En-suite bathroom • 24 hour concierge • Leisure facilities
Best Estate Agent in E14
Franklyn James are delighted to present this stunning three bedroom, raised ground floor apartment in the popular Ocean Wharf development. The property comprises entrance hall with ample storage, large open plan reception room with dual aspect windows and access to a private L-shaped balcony which faces directly towards the River, fully fitted kitchen, two double bedrooms, smaller double/single bedroom, main family bathroom and separate shower room. This property is offered on either an unfurnished or furnished basis and also includes one allocated parking space. Ocean Wharf is a gated development located on Westferry Road that has benefits from a day time porter. Located within close proximity to Canary Wharf and local transport links.
Opening Hours Monday - Thursday 9am - 7pm Friday - 9am - 6pm Saturday - 10am - 4pm
• Approximately 1500 sq ft • Gated development • Concierge • House • Private rear garden • Integral garage • Share of freehold
GATED DEVELOPMENT! 1500 SQFT Offered to the market in immaculate condition throughout is this stunning three double bedroom family house situated in the gated private development of Maritime Quay. Well maintained throughout by the current owners and kept in immaculate condition, the property comprises of hallway entrance, internal garage, utility store room, ground floor WC, a separate fully fitted kitchen and a large living room with floor to ceiling window patio doors leading onto a large family garden.
This property is the perfect first time purchase or family home. Call now to arrange your viewing!
Maritime Quay is ideally located for access into Canary Wharf and the City with the use of the Thames clipper within a minutes’ walk, use of the Thames footpath and Mudchute DLR a short walk away.
The first floor consists of two large double bedrooms, with the master bedroom benefiting from its very own en suite, a third bedroom and and main bathroom. The property has the potential for a rear extension STPP. The property benefits from its own private use of a garage.
Breath-taking River Views
Magellan Place, Isle of Dogs, E14 £880,000
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.
Free & frank valuations