Get in quick: the latest new-build homes in London's emerging hotspots

Whatever the result of the general election, one thing is certain — London is getting lots more new homes, and they are launching now. We look out for the best deals and buyer incentives on offer across the capital...
Whatever the result of tomorrow’s general election, one thing is certain — London will be getting lots more new homes. Developers will be taking the wraps off their summer launches just as soon as the election fever that has stalled so many home buyers is out of  the way.

House building is a priority for all political parties and has the support of organisations across the board, from homeless charity Shelter to the Confederation of British Industry.

Currently 51,120 new homes are under construction in London, more than the Mayor’s annual target of 42,000 and double the peak of 2007.
 
Industry analyst MoliorLondon reports a “ballooning in development activity” since the start of the year.

The figures show that sales of expensive homes, typically those priced more than £1.5 million, have dropped by a staggering 76 per cent, while homes less than £500,000 now account for two thirds of all sales, many being first-time buyer flats.

THE LOWDOWN: LONDON'S LATEST NEW HOMES - WHERE TO BUY


Discounts and deals 
Following last year’s sales frenzy, developers are having to try much harder to sell homes. Some are quietly reducing prices, while others are dangling incentives. 

Barratt is offering end-of-financial-year deals at developments including Great West Quarter, Brentford, and Queensland Terrace, Highbury. Prices start from £480,000. Call 0844 8114321. Bellway is offering up to £12,000 stamp duty savings at commuter homes projects including Silk Meadows in Braintree. Call 01376 343443.

Expect a feast of launches during the coming weeks as schemes that have been put on ice during the election campaign are finally unveiled. Here are some to whet your appetite.





Ideal-first-time buys
St Clement’s is an imaginative redevelopment of a derelict listed Victorian hospital in Mile End. The 252-home estate has a mix of apartments in refurbished older buildings plus new-builds in the grounds. 

It is also part of London’s first Community Land Trust, which seeks to link the cost of 23 of the homes to the area’s average median wage, meaning one-bedroom flats will cost from about £150,000. 

The rest are available to buy on the open market, some on a shared-ownership basis, priced from £325,000. Call Linden Homes on 0844 488 1678.


 
620-floating-market-sign-m.jpg
Overlooking Regent's Canal: St Clement's seeks to link the cost of 23 of the homes to the area’s average median wage

Game on for Leyton
Leyton has no jazzy new skyscrapers or ritzy shopping mall to match nearby Stratford, but the area is basking in post-Olympics sunshine, sharing the legacy benefits of the 2012 Games. See for yourself by strolling down High Road Leyton, where traditional shopfronts have been revitalised with a colourful facelift. 

Lea Valley is a giant back garden and the area also borders Hackney Marshes and Wanstead Flats, among the largest areas of open land in London. 

At The Exchange, next to Leyton Midland Road Overground station, the emphasis is on large, good-value homes for people who want to put down roots. Three-bedroom apartments cost from £389,995, while houses start from £574,995. Call Bellway on 01689 886400.



Acton’s on the rise
With Crossrail on the horizon, Acton has a spring in its step. The area is packed with young renters and buyers priced out of Shepherd’s Bush. 

An old corner pub in East Acton Lane has made way for Park Grove — 50 flats overlooking Acton Park. Prices from £400,000. Call Mizen Group on 020 8903 2442.



A law unto itself
Temple, at the heart of London’s legal quarter, is an almost secret residential address. 

Aldwych Chambers in Essex Street, a cul-de-sac with an arched entrance to the Inner Temple enclave of barristers’ chambers and gardens, is a rare new scheme of 20 flats. The homes have luxury interiors and are set behind a new period-style façade that dovetails with its ancient neighbours. Two penthouses have views of the Thames. 

The proposed Garden Bridge is moments away. A concierge is the only “extra”, meaning lower service charges. Prices from £1 million. Call JLL on 020 7087 5111.

The Grays, opposite Gray’s Inn, postcode WC1, is another Rumpole-land project — 13 apartments priced from £895,000. Call CBRE on 020  7240 2255.



Hipsters love Queen's Park 
Queen’s Park continues to entice hipsters priced out of Notting Hill. 

Modest and neat Victorian red-brick cottages built for artisans and manual workers now cost seven-figure  sums, while the wider district’s late Victorian and Edwardian houses, particularly those in the conservation area ringing the eponymous park, with bandstand and tennis courts, have media executives scrambling to put down sealed bids.

Queen’s Park Place is a new-build scheme of 116 apartments in the Salusbury Road hub, a family-friendly neighbourhood that boasts a farmers’ market, bistros, boutiques and delis. Prices start at £500,000. Call Aston Chase on 020 7724 4724.


 
620-alice-house-the-trendy.jpg
The Alice House: on the trendy Salusbury Road area of Queen's Park

Young families love Clapham Old Town
Clapham Old Town, the original Georgian quarter between the common and High Street, goes from strength to strength. Gastropubs, organic food stores, galleries and fashion boutiques have opened. 

Run-down heritage architecture is getting a facelift and swish new homes are sprouting up on derelict sites surrounding the Polygon, a triangle formed by three roads. 

Built in 1792, the Polygon is the hub of the Old Town. Twentysomethings like the gyms, the arthouse cinema and the Tube links, while the pond, child-friendly cafés and gift shops attract families from the Northcote Road side of the common.

Listello Buildings, in Bedford Road, is a smart new-build scheme with  58 apartments priced from £569,995. Call 0845 257 6068.



Bayswater reclaims its crown
With a new crop of luxury projects, born-again Bayswater is losing the stigma of being the “wrong side” of Hyde Park.
 
A tired-looking hotel at Leinster Square has been transformed into six large laterals and five townhouses with grand interiors.
 
The restored, listed Victorian terrace forms one side of the private garden square, which is being refurbished as part of the project. 

Prices from £4.2 million. Call Knight Frank on 020 7861 5499.



Cycle route to a new home 
Several new schemes are set to launch in Blackfriars Road, which is part of the new cycle superhighway from Elephant & Castle to King’s Cross. 

Construction work has started on  this main boulevard-like section, which will have a safe, “segregated” route for cyclists and an enlivened parade of shops and cafés, improving life for pedal-pushing young  professionals.

The Residence has 86 flats with new shops at street level. Prices start at £765,000 for two-bedroom duplexes. Call Linden on 0844 644 2514.

The Chroma Buildings in Lancaster Street is a redevelopment of a redundant photograph processing factory. This has 40 flats in two low-rise blocks. Prices from £575,000. Call Fabrica on 0800 083 3199.



Anyone for a house in Wimbledon?
Wimbledon is considered the country in London, with a charming village centre and a vast, wonderful common  that stretches to Putney Vale. 

Houses and luxury apartments bordering this semi-wooded expanse command the highest prices. 

New developments are quite rare and tend to be small infill schemes or one-off houses, making Wimbledon Hill Park, a scheme of 110 homes in 19-acre grounds, somewhat special. 

The walled estate, formerly a hospital, has a mix of traditional and modern architectural styles — new-build houses as well as conversions — plus there is a concierge, gym and residents’ club.
 
Prices from £1,375,000 to £4.95 million. Call 020 8226 2126.


Follow us on Twitter @HomesProperty and Facebook

Comments