Demand from home buyers drives summer sales of London's new-build flats and houses
* New homes launches will take place in glamorous riverside developments, plus there are new opportunities to buy in up-and-coming regeneration zones, family homes on the suburban fringe and central London boutique flats
* New homes in riverside locations, such as Rotherhithe and Kingston upon Thames, are priced from £295,000
Sunshine, sporting victories and a general feel-good factor have sent home buyers into a spin. Normally the property market pauses for breath before the school holidays, but momentum has been building since the spring and shows no sign of losing steam.
And with equal enthusiasm developers are unusually having a mid-season launch of new homes to cope with the demand. New launches will take place over the coming weeks with glamorous riverside developments, new opportunities to buy in up-and-coming regeneration zones, family homes on the suburban fringe and central London boutique flats.
Despite the capital’s construction boom, a shortage of finished property is driving buyers towards off-plan deals. The buzz around pre-sales has not been seen for many years. Builders are creating showhomes and marketing suites where buyers can scrutinise designs and floorplans and even the views from high-rise flats, through computer-aided touchscreen technology.
The price premium for new build has reached an all-time high, according to property adviser Knight Frank. Traditionally new homes were typically 15-20 per cent more expensive than older, resale properties. But now the differential can be as high as 60 per cent. Currently, prices are rising fastest in Marylebone and along the South Bank.
Great for trading up
New townhouses at Argyll Place in North Kensington offer a chance to live around the corner from the Cameron family home, currently rented out while the Prime Minister occupies Downing Street.
The charming St Quintin Estate is a tree-lined conservation area of Edwardian terraces. Taylor Wimpey is building a line of 20 houses, each with a lower-ground floor that could be used as a self-contained studio, plus basement parking. Prices from £1.3 million. Call Strutt & Parker on 020 3667 5566.
Tooting is affordable territory for couples trading up to a house because of the patter of tiny feet. The area is on the Northern line Tube, has well-regarded schools, two commons and the refurbished lido. Langroyd Mews is an Edwardian-style terrace of 13 bay-fronted houses with a garden, plus parking in a gated courtyard, five minutes’ walk from Tooting Bec station. Each house has four bedrooms, one in the vaulted roof space, and a family kitchen/dining room with glazed roof. Prices from £849,995. Call Bellway on 0845 548 3059.
The Quadrant, postcode SW15, comprises eight new five-bedroom semi-detached houses in the grounds of listed Roehampton House. Residents have exclusive access to a restored formal rose garden. Prices from £1,675,000. Call 020 8246 6748.
Napier Mews is part of a redeveloped former ministry of pensions building in West Acton. Four-storey townhouses have an integral underground garage, patio garden plus roof terrace. Prices from £999,995. Call Berkeley Homes on 020 8811 2336.
Kingston benefits from two of the capital’s greatest assets — the river and the great green tract of Richmond Park — while the shape of the old medieval town can still be seen in the fine old market square and the warren of surrounding streets and passages. Kingston Riverside looms over the Thames and has apartments with big terraces jutting out like the prow of a ship. Floor-to-ceiling glass maximises the splendid views. Prices from £295,000. Call Redrow on 020 3441 7621.
Marine Wharf, Rotherhithe, has 454 new homes and raises the bar for the area in terms of design. Interlinking apartment blocks with central courtyards are clad in warm brick and rusty steel panels. There are duplexes and penthouses, all on 999-year leases, with good-size terraces, and the development will have a gym, car club, concierge and convenience stores. Prices start at £296,500. Call 020 8694 3100.
Providence Tower is the first of several new skyscrapers due in Docklands over the next few years.
A short walk from the Canary Wharf dealing rooms, the 8.5-acre development offers a new level of amenities for stressed-out bankers — an on-site athletic track, boxing ring, 25-metre swimming pool and spa plus a spectacular sky lounge for the private use of residents and guests. There are also concierge services and valet parking. Prices from £422,000. Call Ballymore on 0800 954 5425.
Amberley Waterfront, close to the houseboat enclave of Little Venice has 47 apartments, including glass-walled penthouses with rooftop gardens. There are concierge services and underground parking, too. From £895,000. Call Redrow on 020 3538 1249.
Brentford Lock West has 530 flats and townhouses, part of an 11-acre scheme on the banks of the Grand Union Canal. As well as commercial and leisure space, new moorings, pontoons and a footbridge are being created, the towpath widened and art deco warehouses refurbished. Homes have “green” credentials — high energy-efficiency ratings, rooftop allotments and solar panels. Prices from £284,950. Call 020 8569 7449.
Central hideaways: between Covent Garden and Charing Cross
Adelphi conservation area, between Strand and Victoria Embankment, is a residential secret, a hideaway address moments from bustling Covent Garden and Charing Cross station.
At 19 Buckingham Street, in a quiet cul-de-sac, 11 tasteful apartments (up to 1,482sq ft) have been created, with high-quality, classic-style interiors. Prices from £995,000. Call Jackson-Stops & Staff on 020 7664 6649.
The Panoramic Collection of 13 apartments occupies the top floors of a new tower in the City. These lateral flats range up to 2,300 sq ft and they have superb wraparound terraces — more than 1,000sq ft with double-aspect views. Prices from £3.6 million. Call 0845 533 800.
Signal Building is the first of several new apartment schemes planned for Newington Causeway, which runs between Elephant & Castle and London Bridge. Apartments and duplex penthouses are available, from £395,000 to £1,425,000. Call estate agent Daniel Cobb on 020 7357 0026.
Bloomsbury Gardens on Sidmouth Street has 44 apartments backing on to historic St George’s Gardens, a well-cared for community space. Ground-floor duplexes have terraces with stairs up to the scheme’s own private gardens. From £699,000. Call 020 3667 5119.