One of London’s finest Art Deco cinemas is set to become a seven-screen subterranean movie complex so that luxury flats can be built above, if the plans are approved next week.
The latest Land Registry data reveals the average cost of buying a London home has risen by 10.9 per cent in the past year to £474,544.
The east London borough of Newham recorded the highest annual price growth of 17.2 per cent, while Kensington and Chelsea recorded the lowest. Once again, Hackney is the capital's rising star month-on-month, with a jump of 2.1 per cent taking average prices to £616,004.
Barking and Dagenham remains the most affordable borough to buy a home, with an average price of £274,173.