Award-winning Linden Homes’ latest collection of London apartments, The Residence, near the bustling South Bank, is catching the eye of property watchers for its mix of enviable location, stylish design and stand-out value, according to property agents Colliers International.
Neatly positioned in Blackfriars Road, Southwark, The Residence offers the choice of one, two and three-bedroom homes, including a number of two-bedroom duplex apartments – perfect for the young professional or investor.
Interest is beginning to snowball, thanks to a comfortable pad surrounded by world famous attractions, with convenient transport links and the potential for strong rental yields.
Ben Morris is Associate Director at Colliers International, the London-based agency working with Linden Homes to market the properties. He explained how The Residence’s SE1 location – and stand-out value – had tapped into a popular demand.
“The Residence offers excellent value for money and is priced competitively against comparable new developments in the SE1 area,” he said.
“The area around SE1 rocketed in popularity in recent years thanks to numerous regenerative initiatives which have made it one of the most desirable places to live south of the river.
“Whilst the area has always offered some of the capital’s biggest tourist attractions, including the Globe and Tower Bridge, new emerging charms are pulling in buyers from north of the river. For example, Borough market is a diverse and exciting food emporium surrounded by award-winning restaurants and classic style British pubs.”
The combination has meant enquiry and applicant numbers are considerably up since Christmas, he added, with market confidence overcoming the uncertainties triggered by the upcoming general election.
Timing is a factor too, Ben explained: “Unlike many new developments currently being launched in London, The Residence completes at the end of this year and so becomes attractive for owner occupiers and investors who are looking move in or complete and let their property this year.”
Investors will be heartened by the rewards on offer, he added: “Yields at The Residence will be around 3.5 per cent based on the rental values and demand we are seeing in the area. That’s a strong yield for Zone 1.”
For getting about, just a couple of minutes down Blackfriars Road is Southwark tube station, which is on the Jubilee Line and one stop from London Bridge and Waterloo making the rest of London very accessible.
Inside The Residence high quality finishes include oak-faced front doors, fitted kitchens, built-in wardrobes and a set-up for modern living, such as Sky+ ready living rooms and bedrooms, energy efficient features for lower bills, plus video entry systems.
All apartments boast a balcony or terrace and for those buyers lucky enough to secure a home on the top level, the views will stretch across the London skyline taking in The Shard, the City, Canary Wharf and even St Paul’s Cathedral. A beautifully landscaped rooftop communal garden is also available on the sixth floor for all residents to enjoy the same stunning views.
In common with all Linden Homes properties, each apartment at The Residence also comes with integrated kitchen appliances as standard, plus a 10-year NHBC warranty and two-year customer care warranty for peace of mind.
The confidence taps into a growing trend, explained Ben: “The term ‘lock up and leave’ is one I am hearing more and more. Buyers are looking for secure investments not just in a financial sense but in a practical sense.”
Darren Maddox, Linden Homes South East managing director, said: “We’re very confident that the balance of qualities we’ve achieved at The Residence is going to prove very popular. We’re advising people to register with us now to avoid missing out.”
To find out more, call 0844 488 0874.
For further press information, contact Claire Oakley or Claire Cathersides at Remarkable Content on 01962 893 893.
26 February 2015
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