RIVERSIDE LIVING IN LONDON
Alexia Evans from riverhomes explains that waterside properties in London are more popular than ever, and why living by the Thames will never lose its appeal
Recently Price Waterhouse Cooper’s index ranked London as the best city in the world. Combine this with new research which has found that ‘blue space’ including sea, rivers, and lakes can have a positive impact on wellbeing, and you can see why riverhomes have had such a fantastic year.
We at riverhomes are happy to report that interest in riverside properties has remained as resilient as ever with demand now at record levels. We have seen a huge amount of interest from prospective buyers in the waterside enclave of Strand on the Green, riverhomes’ West London office core area. This has resulted in an unprecedented string of sales and some record prices being achieved at all ends of the scale from large period houses, first time buy flats to boats and moorings. The common theme for new applicants registering is an emphasis on the lifestyle element of living by the water.
We have seen a 25% increase in the number of sales agreed compared to 2013 and this trend is showing all the signs of continuing into the last quarter. Our consultants have experienced a surge in numbers of UK and overseas investment buyers registering and willing to pay premium prices for that sought-after river view. When you consider that the river is the biggest open space in London and unlikely to ever be built upon, then it is no surprise that buyers are considering their investment as a ‘safe bet’. Where else in London can you guarantee that your view will remain uninterrupted?
020 8996 0600; riverhomes.co.uk
On the market:
Magnolia House W4
Magnolia House (pictured above) is one of Strand on the Green’s most imposing properties and enjoys enviable views of the Thames. The home includes three reception rooms, three bedrooms and three bathrooms. There is also a separate self-contained cottage featuring a reception room with doors to a terrace overlooking the garden.
£3,950,000, freehold, through riverhomes