Glasshouse and Lighthouse, London, UK

Glasshouse and Lighthouse, London, UK
Price on request
Listing ID: ID-624
June 26, 2015

Description

The glasshouse and Lighthouse will be 2 new boutique developments in a highly undervalued area of London. Offering 17 luxury style apartments between them and benefiting from extensive regeneration. With its fantastic contemporary design and prices certainly well below market average, the Tower Bridge collection presents the perfect opportunity to enter this high potential part of London.

Facts:

  • Prices: £706,832 – £1,181,126
  • 1, 2 & 3 beds
  • 635-1190sq ft
  • Rental yield up to 4% for 2 years
  • 999 year leasehold
  • 17 apartments in total between the two buildings
  • Completion dates: Lighthouse: Q1, 2016
    Glasshouse: Q4, 2016

Glasshouse Pros:

  • Situated just off from the main high-street, offering a quieter setting with direct access
  • In an up and coming, highly undervalued area
  • Vibrant community
  • Good building design, blends in
  • Good transport links, in and out of London
  • Close to the city and tower bridge
  • 999 year leasehold
  • Perfectly situated for a young professional
  • Close to 3 primary and 2 nursery schools only 5-10 minute walk
  • Close to local parks

Cons:

  • area has many council flats still
  • perception that south east London is still dangerous
  • apartments look onto other apartments
  • no Concierge service, only Porter/caretaker
  • not a great selection of shops
  • limited parking
  • local parks quite small

Lighthouse Pros:

  • Direct access to the High-street
  • great up and coming area
  • Fantastic new building design, bringing sophistication to the area
  • Good transport links
  • Great location for a young professional
  • Close to 3 primary and 2 nursery schools only 5-10 minute walk
  • Close to parks
  • 999 year leasehold

Cons:

  • Potential noise from High-street
  • Not a great selection of shops
  • Rear windows look onto apartments and alleyway
  • Perception that south east London still dangerous
  • Limited parking
  • local parks small

The area:
Just off Tower Bridge road and on the edge of zone 1, this area is highly overlooked. With good transport links, and the potential to grow into the new Southwark of the east, the Borough area is perfect for any young professionals or families with an eye for investment or looking for access to The City, Tower Bridge, Canary Wharf, as well as connections towards Marylebone, St Pauls and Tottenham Court Road. 3 local parks are available in the area as well as numerous primary schools.

Transport:

    • 2 Tube stations only an 8 minute walk away, in zone 1, connecting to the Bakerloo and Northern lines. (Borough and Elephant & Castle)
    • Tower bridge tube station a 12 minute walk, connecting to the jubilee line
    • Local bus routes 1, 42, 118 on your doorstep to: Liverpool Street, Waterloo station, Canada Water, Russell square and Tottenham court Road
    • Only a 4 minute walk away, busses go towards: Marylebone, Kings cross and St Pauls
    • Santander Cycle Hire docking station located only 2 minutes away
    • Good road connections into London and Out towards the south circular
    • Waterloo station only 15 minutes away, connecting you to South west England

Comparables:
Studio, Brook Drive, Elephant and Castle SE1, £364,950, £912/sqft, Porter service, resident’s garden,
2 bed flat, The Arc, Tanner Street, SE1. £790,000, 822 sqft, 250yr Lease, 1 parking space included
2 bed flat, Bath House Lofts, Bermondsey SE16, £950,000, Concierge service included, Grade 2 listed building.
3 bed penthouse, The Ark, Tanner Street SE1, £1,595,000, 1273 sqft, panoramic views, 250 year lease, private terrace

Location

Referral Agent - Sotheby's International Realty UK

Disclaimer for this property : Berkshire Hathaway HomeServices New York Properties is not the listing broker for this property. New York Properties will refer buyers to the listing broker who has provided the information appearing here. Listing broker will provide any further information about the property and negotiate any agreements for the purchase of the property. Any information appearing here was provided to New York Properties by the listing broker and has not been verified by New York Properties. Buyers should consult with their legal counsel or local real estate professional concerning the property and verify any information important to their buying or leasing decision prior to binding themselves to purchase or lease.

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