With the grand opening and laser show taking place earlier this month, the Shard’s impact on the London Bridge property market is now really beginning to be felt. Madley Property’s London Bridge Sales Team have had two apartments located on trendy Bermondsey Street, SE1 with stunning views of the Shard and London Skyline, which went to ‘sealed bids’ in the past two months.
The Sales Market
Madley Property’s Sales Department are pleased to report a 30% increase in buyer enquiries during the first three months of 2012 with over 40% of new instructions going under offer within the first four weeks of marketing. This uplift has been indicative of the increase in sales activity experienced in the capital during the last 12 months. The Royal Institution of Chartered Surveyors (RICS) said that during the month of March, 9% more surveyors reported a rise in enquiries from potential buyers.
The 2012 Olympics are also now only just over 12 months away and the expected rental demand for the 60 day period is expected to be huge across London, but heavily concentrated in the Centre and to the East along the Jubilee line. The levels of rental income we are expecting to achieve will be between three and four times the normal rent for this period.
An opportunity to acquire two amazing three bedroom two bathroom apartments located on the top floors of this highly sought after church conversion in Wapping.
The St Andrews development in Bow E3 by Barratt Homes, is a large mixed regeneration development located off the A12 not far from the Olympic Park and has been completing in phases since mid 2010. The tenant demand for the development has been fantastic and Madley Property has been able to achieve some fantastic rental [...]
The first two weeks of September have shown a strong rise in buyer activity with the number of enquiries, viewings, offers and deals agreed all showing an overall uplift. The September and early autumn months are general busy months after the seasonal August holiday lull.