t h e p a r k s
|
South West London
|
a fresh insight into
London’s greenest
and most desirable
neighbourhoods
the parks – south west london the parks – south west london
3 -SaviLLS.co.uk 2 -SaviLLS.co.uk iLL u Stra tion: S o PH iE J o Y c E
WELcomE
The Parks embraces Savills offices in Richmond,
Barnes, Wimbledon and Putney, providing an
integrated service across this desirable area.
To date, the Savills offices that make up The
Parks have achieved considerable success in
creating a “virtual” office to serve one of the
finest residential areas in outer London.
Savills clients are able to engage the full
complement of the area’s sales teams,
16 local experts in total. This gives vendors
and purchasers full exposure to the prime market
that this whole area has to offer, without
having to register separately at different offices.
Although groups of our London offices
traditionally work closely together, there is
even more reason for The Parks to operate
as a single entity because many of these
residents move home within the same area.
Another reason why Savills initially set up
this virtual office in the area is because of
the consistent similarities in the profiles and
requirements of buyers in Richmond, Barnes,
Wimbledon and Putney. All tend to be
attracted by the excellent schools, the fast
commuting links and, above all, by the great
swathes of green space: Putney Common,
Wimbledon Common and Richmond
Park are augmented by idyllic
Petersham Meadows, Bushy Park,
Kew Gardens and, of course, the
Thames riverside. With these top
search criteria, buyers might easily
find Richmond just as wonderful
as Wimbledon, or Barnes as
perfect as Putney.
Foreign exchange
WHY tHE ParkS HaS
ParticuLar aPPEaL for
intErnationaL buYErS
The area’s selection of properties at all levels of the market attracts a constant stream of interest from families relocating from abroad. What they’re looking for is space and a family-friendly environment that is not always found in prime
central London locations. The wide range of excellent schools
is a major draw: Marymount International School, the German School and schools such as King’s
College, that offer the International Baccalaureate, make Coombe,
Petersham, Richmond and Wimbledon Village top favourites
among overseas buyers and tenants alike. In Richmond and Barnes over the past three years, international buyers accounted for 19 per cent of all Savills sales, with 7 per cent from Europe and 3 per cent from the USA. In Putney and Wimbledon,
20 per cent of buyers came from overseas, with 7 per cent from Europe and 3 per cent from
the Middle East. The financial services sector continues to be the main source of these relocations, but energy, telecommunications and media companies are also highly active.
Savills Corporate Relocation Services is at the forefront of this lucrative market, working closely with The Parks to make Savills the first choice for buyers and tenants
moving from abroad.
rental
ranges
these vary from £750
per week for a flat
to up to £5,000 for
a prime property
housing
stock
handsome villas, pretty
cottages and impressive
mansions are found
around the parks
39%
of all savills sales in
the parks area in the last
three years have been to
international buyers
84%
of purchasers are buying
a main residence,
with 12 per cent buying
as an investment
£2m+
in the parks area
85 per cent of all
property sales
are above £2m+
98%
the average sale price
over the last three years
was 98 per cent of
the asking price
Wands Wor th hill Kingston road roehampton v ale Queen’s road Kingston v ale upper richmond r oad saWyer’s h ill Ke W r oa d
loWer richmond
road
ham gate ave
Q ue en ’s ro ad pete rsha m r oad
kew
royal
botanic
gardens
richmond
golf club
richmond
park
golf club
wimbledon
common
wimbledon
park
richmond
park
barnes wildfowl & wetlands centre all england lawn tennis clubrepresents Savills offices
petersham
meadows
chiswick houserichmond
barnes
putney
wimbledon
p r ior y l an e roehampton lanet H E c r E at i o n o f S t r E n g t H f r o m k n o W L E d g E
agEntS from four SaviLLS officES WitHin tHE ParkS rEvEaL tHEir LocaL ExPErtiSE,
SPotLigHting kEY fEaturES and PrimE addrESSES WitHin tHiS dESirabLE arEa
Richmond has long been the favoured residence of royalty, courtiers and the fashionably wealthy.”
Patrick Glynn-Jones commuterfacts Regular trains take
approximately 20 minutes to Waterloo.
localhighlights Richmond’s great
glories include the view from the crest of Richmond Hill, the former Royal hunting ground Richmond Park, tranquil Petersham Meadows and The Green, an elegant lawn fringed with fine houses in the town centre.
primeaddresses Period properties
on Richmond Hill and its adjoining roads, with access to that famous view, can fetch well into the millions, while Rosemont Road is a peaceful no-through road with a distinct community spirit. Montague Road is a street of handsome Victorian villas and townhouses, while the parkside location of Queen’s Road is similarly popular. The Green’s superb range of 17th, 18th and 19th century houses represent some of Richmond’s finest residential homes and, further afield, Petersham’s collection of Georgian mansions and cottages are hard to resist.
The Printworks, a new development of apartments and houses by The Green in the heart of the town is well worth considering.
theinsidetrack
…
“Richmond’sbuyers tend to be families either moving within the area or coming from central London and the town’s lively selection of shops and restaurants offers much to attract the urban professional too. An area to watch is East Twickenham: just across Richmond Bridge, it is closer to Richmond town centre than many more established addresses on Richmond Hill yet prices are still lower than in Richmond itself. ”
Variety is what sets Wimbledon apart: from the quaint Village to the cosmopolitan town centre.”
Clive Moon commuterfacts Fast links from
Wimbledon into London via the District Line and trains to Waterloo in 19 minutes, plus other stations at Wimbledon Park, Southfields and Raynes Park.
localhighlights Despite its annual
focus as the world’s most famous tennis tournament, for the rest of year Wimbledon is remarkably peaceful. Wimbledon Village also boasts a superb selection of boutiques and restaurants catering for the most sophisticated clientele.
primeaddresses
The Village is the
focus of Wimbledon’s prime property market, with its pretty cottages, handsome villas and impressive mansions. Premier addresses include The Grange, Marryat Road, Highbury Road and Parkside. These elegant homes typically achieve above £4 million, although super-prime properties on Wimbledon Parkside can soar to £15 million. In Wimbledon Park, handsome late-Victorian and Edwardian houses can be found in Vineyard Hill Road, Dora Road and Kenilworth Avenue, priced £1.5 million upwards. Meanwhile, desirable inter-war houses on the private Drax Estate, south of the Common, carry values of £2.5 million and beyond.
theinsidetrack
…
“The area ofWest Wimbledon is still excellent value, as buyers are increasingly attracted by its wide variety of green spaces and slightly lower prices. There is also consistent demand for property within the Coombe Estate on Kingston Hill, close to a number of highly rated schools. Detached houses on these private residential streets start from £2 million. Wimbledon’s semi-rural surroundings continue to offer plenty of distractions for the rich and famous.”
Putney is the gateway to The Parks. Situated just across the Thames from Fulham, its splendid range of properties are close to the fashionable fringes of London, and handy for Hurlingham and the King’s Road.”
Caroline Bell & Alex Howard Baker
commuterfacts Excellent rail links
(including Putney mainline to Waterloo and the District Line at Putney Bridge and East Putney), along with a popular bus route to Piccadilly (the No. 22).
localhighlights Putney’s town
centre is rich in elegant Victorian and Edwardian architecture, with a network of residential streets, augmented by some chic riverside developments. And green space is never far away: south of Putney lies the Heath with miles of wide, open space.
primeaddresses Putney’s most
sought-after addresses include Lower Common South, Gwendolen Avenue, St Simon’s Avenue and Malbrook Road which have a fine array of generously proportioned period homes. Smaller (and slightly older) properties are to be found in Parkfields, Coalecroft Road, Charlwood Road and Redgrave Road. Cottage-type properties cost around £1 million and semi-detached villas are worth around £2.25 million. The new Vantage development has chic penthouses at around £1 million.
theinsidetrack
…
“East Putneyand Roehampton are traditionally cheaper than West Putney. There is no particular reason for this, especially as East Putney’s tube station is a definite attraction, yet prices are typically 10 to 15 per cent lower in these areas. Putney’s al fresco eateries are the perfect setting for summer dining, and its superb choice of schools ensure that the area continues to attract steady interest from families.”
Historically, Barnes was a popular country retreat and it still retains a distinctly rural ambience.”
Sandra Carline
commuterfacts Approximately 22
minutes from Barnes station to Waterloo.
localhighlights Barnes boasts
award-winning restaurants, riverside pubs and stylish boutiques and galleries, yet the area still preserves a genuine sense of community. A weekly farmers’ market and the popular Barnes Fair in summer both attract visitors from all nearby areas.
primeaddresses
Barnes Village
offers a superb variety of Victorian and Edwardian homes, with key addresses that include Castelnau, Scarth Road and Mill Hill on Barnes Common. Here, sizeable residences can typically achieve between £3 million and £7 million. Little Chelsea, with its pretty Victorian cottages, has seen significant price rises and many properties benefit from falling into the catchment area of the hugely popular Barnes Primary School. Other excellent schools nearby include the St Paul’s Schools and The Harrodian School.
theinsidetrack
…
“Every year,Barnes becomes the focus of attention during the world-famous Boat Race, with its magnificent vantage point, so properties with Thames views are always in demand. Of particular interest at the moment are apartments at Harrods Village, Riverview Gardens and Waterside, which sell for between £900,000 and £2.5 million. The last few years have also seen a growing trend for owners of large family homes to downsize into smaller houses in Barnes Village, ensuring steady interest around the £1 million price point. The town’s position, in the embrace of a great loop of the Thames, means that there is never a shortage of riverside walks and activities, making its family appeal irresistible.”
ricHmond
PutnEY
WimbLEdon
barnES
PH o t ogra PH: ion a H odgg Sonf o u r o f a k i n d : a f L avo u r o f t H E Pa r k S
tHE ParkS iS onE of tHE finESt rESidEntiaL arEaS in London aS tHESE ProPErtiES SoLd
bY SaviLLS dEmonStratE. to SEE our avaiLabLE ProPErtiES, viSit SaviLLS.co.uk
G
arry McHugh has become aregular client of Savills in The Parks area. Since buying his first property through Savills, he has also purchased, and re-sold, another two, in Putney and Roehampton.
“After I bought my home in Putney through Savills at auction, I decided to develop some properties in the town, and I asked Savills to let me know of any likely opportunities. They did, and I bought a property in Putney Park Avenue, which Savills is now selling for me.
“The Parks is a valuable concept for clients like me because the areas it covers are becoming much closer in price. Now, the shared experience of agents acting as one throughout the area will give both sellers and buyers the confidence that properties are valued correctly. Local knowledge is essential to help clients make the right purchase, achieve a satisfactory sale or find a good tenant.
“Savills offices have always worked closely together, not just between agencies but also across departments: I used SPF Private Clients, financial brokers, to purchase one of my properties and Savills Interior Services advised on the design and presentation of my latest project. Savills has been a big part of my success: all the teams are very responsive, helpful and genuinely want to work together to find or finish the right product for the market.”
P u t n E Y
Lower common South, SW1
5
kEY fEaturES
4 reception rooms ● principal bedroom with en suite
bathroom ●6 further bedrooms ●2 bathrooms ●roof
terrace ● south-facing garden ● off-street parking
guide £4.395 million
contact: 020 8780 9900
r i c H m o n d
the green, tW9
kEY fEaturES
Reception hall ● 5 reception rooms ● kitchen/breakfast
room ●cloakroom ● 8 bedrooms ●3 bathrooms
● garage ●off-street parking ●garden
guide £5.95 million
contact: 020 8614 9100
W i m b L E d o n
marryat road, SW19
kEY fEaturES
Potential for extensions and modernisation ● garage
with off-street parking ●garden and patio ●fabulous
views of London ● close to the heart of the Village
guide £3.675 million
contact: 020 8971 8111
b a r n E S
the mill Hill, SW13
kEY fEaturES
4 bedrooms ● 4 bathrooms ●Gothic-style glass
conservatory ●landscaped grounds
●2 storey garage with office ● gymnasium
guide £5.95 million
contact: 020 8939 6900
a P E r f E c t Pa r t n E r S H i P
for onE SaviLLS cLiEnt, LocaL ExPErtiSE HaS dELivErEd
a numbEr of ProPErtY oPPortunitiES WitHin tHE ParkS
the parks – south west london the parks – south west london
7 -SaviLLS.co.uk 6
-SaviLLS.co.uk
after
The Parks is of particular interest tofamilies and international relocators who are typically looking for
two-to-three-year lets. In Richmond, budgets run from £1,250 to £3,750
a week. In Wimbledon, prime properties can achieve £5,000 per
week, while four or five bedroom houses in the area let for an average
of £1,000 to £1,625 per week. Apartments on Putney riverside and
in central Wimbledon are popular, with two bedroom apartments costing £500 to £750 per week and three bedroom flats around £1,000.
Throughout The Parks, tenants often go on to purchase the property they are renting, or buy another in the area. Our sales and lettings teams work closely together
to ensure a seamless service through both markets. While we anticipate continued demand in south west London,
landlords should take realistic pricing advice from a reliable ARLA
(Association of Residential Letting Agents) licensed agent. At Savills, we aim to have our letting agents licensed within 12 months of joining
so we can give you professional, up-to-date advice and guidance. Being an ARLA agent ensures we’re covered by the Client Money
Protection Scheme and have Professional Indemnity Insurance.
before
dream
locations
why there continues to
be a lucrative lettings
The Parks is published on behalf of Savills (L&P) Ltd by BlueDoor Media Ltd, bluedoor-media.co.uk. All information is correct at time of going to press. All rights reserved. Articles may not be reproduced without written permission from Savills (L&P) Ltd. While every care is taken in compiling the content, neither the publisher nor Savills (L&P) Ltd assumes responsibility for effects arising from this publication. Investment advice The information and opinions contained in this magazine do not constitute professional advice and should not be relied upon. Specific advice relating to your individual circumstances should be obtained.
of other services including Prime Purchase, our
subsidiary property buying agency; SPf Private
clients, finance brokers, and a dedicated
Waterfront department.
to find out more about your local market, or for a free market appraisal,
please don’t hesitate to contact the team:
Patrick Glynn-Jones Savills Richmond 020 8614 9100 pglynn-jones@savills.com Sandra Carline Savills Barnes 020 8939 6900 scarline@savills.com Clive Moon Savills Wimbledon 020 8971 8111 cmoon@savills.com
Alex Howard Baker Savills Putney 020 8780 6112 ahowardbaker@savills.com Caroline Bell Savills Putney 020 8780 6111 cbell@savills.com Lindsay Cuthill
Head of South West London 020 7731 9400 lcuthill@savills.com Jane Ingram Head of Lettings 020 7730 0822 jmingram@savills.com