Docklands News

Look to Greenwich for ‘village life in the city’

Over the past 20 years, Greenwich Millennium Village - a joint venture between Countryside and Taylor Wimpey - has pledged to offer its residents ‘village life in the city’, with as great an emphasis on community and the environment as on aesthetics and cutting-edge design. The latest phase of the project, 67 Park Central, aims to take this philosophy to a higher level. Set to launch in November, the 115 homes are positioned adjacent to the green expanse of Southern Park, with riverside views and exclusive access to the central Podium Garden, along with the four-acre Ecology Park. All properties, from one-bedroom apartments to three-bedroom duplexes, come with underfloor heating throughout. The open plan living and dining areas feature kitchens with stone worksurfaces and integrated appliances. Across the development, village squares form great social spaces, while a children’s play area is complemented by games rooms and co-working spaces. Guide prices at 67 Park Central, just two-minutes on the Tube from Canary Wharf, range from £427,500 to £750,000.

Evening Standard (16/10/2020)

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Plans submitted for new residential tower at Marsh Wall

Maccreanor Lavington has submitted plans for a 62-storey tower on the Millwall Dock quayside at Marsh Wall on the Ise of Dogs. The proposed 218m skyscraper, backed by Hong Kong-based developer the Far East Consortium, would be the fourth highest in Docklands after One Canada Square, the new Landmark Pinnacle residential tower, and the near-completed Newfoundland development. Replacing the six-storey Ensign House built in 1987, the £250m scheme will provide about 600 flats.

Architects Journal (14/10/2020)   East London Advertiser (16/10/2020)

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House valuations plummet with fears of house price crash

Some 75% of homes in some parts of the country are having their valuations reduced by as much as 20% as lenders become increasingly fearful of a sharp fall in house prices. The mortgage broker Private Finance said: "We have started seeing highly significant down-valuations despite increasing asking prices. It is quite possibly the case that valuers are being told by lenders to be cautious." Mortgage broker Magni Finance added: "In the last couple of months, 75% of our remortgage clients have had down valuations of around 10%. Normally I'd expect less than half to be down-valued and those valuations to certainly be less than 10%.” Arnold & Baldwin chartered surveyors said: "It is quite a bullish market. Estate agents are inflating prices trying to outbid one another.”

The Sunday Times (18/10/2020)

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End of stamp duty holiday to hit buyers

The Telegraph reports that up to 200,000 people risk missing out on stamp duty savings because of backlogs in the property market, with people agreeing a sale by next week said to only have a 50% chance of benefitting from the stamp duty holiday rolled out amid the coronavirus crisis. According to Centre for Economics and Business Research analysis, the tax break has boosted transactions by 6%. With the relief set to end on March 31st there are calls for an extension, with housebuilders Barratt andRedrow say an extension will help avoid a slump in sales.

The Daily Telegraph (16/10/2020)

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The Big Breakfast House up for sale

The six-bedroom house where Channel 4’s The Big Breakfast was filmed between 1992 and 2002 is for sale on Rightmove. The property on Dace Road in Stratford, near the Queen Elizabeth Olympic Park, is on the market at an asking price of £5.7m.

The Independent (20/10/2020)   Daily Mail (20/10/2020)

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Look East to Eden for latest Mount Anvil Development

Developer Mount Anvil has unveiled the latest phase of Royal Eden Docks in E16, just around the river bend from Canary Wharf, sitting adjacent to the water’s edge. The Wellspring is a 796-home brick-clad development designed by Skidmore, Owings and Merrill that “incorporates nature in its architecture”, with communal gardens, outdoor exercise areas and planted rooftops, one with a running track and “reflexology walkway”. Healthy lifestyles are being promoted by green transport options including 1,000 cycle storage spaces, electric car charging points and car club membership.

Prices begin at £357,000.

Evening Standard (12/10/2020)

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