A new skyscraper moments from the Square Mile is tipped to become “the residential equivalent of the Gherkin”. The project is a part-redevelopment of Central Foundation Boys’ School in EC2, a state secondary immediately south of Old Street roundabout.
Tudorvale, the developer, is creating 192 apartments. They will be a mixture of glamorous high-rise homes as well as loft-style flats in converted classroom blocks.
“It’s the gateway to the City,” says Andrew Palmer, director of DTZ Residential. “Apartments will have top interior design, fantastic views and sell from £350,000 to well over £1 million.” Call 020 7710 8116.
The project is one of several “new era” school redevelopments in London.
At Appleford Road, W10, close to Notting Hill, Places for People, one of the UK’s largest property management and development companies, is in the process of demolishing St Thomas’ School, a dilapidated 1970s primary, and building 69 flats above a state-of-the-art new school on the same site.
Fifty-five of the flats will be sold on the open market as a way of funding the £14 million new school. Construction is under way and flats will go on sale early next year.
Places for People has roots in the housing association movement and focuses on affordable homes, so prices will start below the £250,000 stamp-duty threshold. Call 0845 603 7786.
Increasingly, schools led by entrepreneurial governing bodies are raising extra funds by selling off land and property for development. A number of schools have sold off playgrounds to make way for housing to pay for improvements or better facilities.
Nearing completion on Stamford Street, SE1, is a scheme called Portico - 58 apartments built behind the listed entrance of London Nautical School.
It is a central location, close to the South Bank arts and media centre. Crown Estate spotted the investment potential and stepped in to purchase all the flats from developer Crest Nicholson. The homes will be kept as a rental portfolio and let to local executives and people who want a weekday pied-a-terre.
Former Battersea Polytechnic, a listed red-brick building in SW11 dating back to 1891, is being transformed by developer St James Homes into Kingsway Square, a complex of 153 flats, from studios to triplexes, set around landscaped courtyards.
Homes in the refurbished old building have double-height spaces. Entrance to the development is via the original grand foyer, which features a sweeping staircase and mosaic floor. The old library, which is oak-panelled and has stained-glass windows, is to become a members-only dining club.
Prices at Kingsway Square start at £240,000 for a studio; underground parking spaces cost £15,000. Call 0870 850 7674.
The College, Wood Lane, TW7
Grade II listed Lancaster House and George Little House were once part of Brunel University. Jaspar Group, a niche conversion and restoration specialist, is creating 84 apartments. Prices are yet to be released. Call DTZ on 020 710 8116.
Mary Datchelor, Camberwell, SE5
This prestigious former girls’ school sits in a conservation area fronting Grove Lane. Part-conversion, part new build, developer St George is creating 90 homes. To register, call 020 7587 3710.
L’Ecole, Benwell Road, N7
Big loft apartments and duplexes have been created at this Victorian school close to Arsenal FC’s new Emirates stadium. Prices from £505,000. Call 020 7710 8116.
Academy House, Chaplin Mews, N1
A new address for a fashionable Islington location, close to City Road canal basin. Prices from £309,950. Call developer Crest Nicholson on 0870 750 8403.