LOCAL VIEW - Knight Frank · 7 India 2.6% 17 Saudi Arabia 1.1% 8 Nigeria 2.0% 18 Germany 0.9% 9...

Belgravia | Chelsea | KensingtonKnightsbridge | Notting Hill | South Kensington

LOCAL VIEW

Spring/Summer2013

Hyde Park | MaryleboneFitzrovia & Bloomsbury | Mayfair & St James’s

LOCAL VIEW

Spring/Summer2013

Belgravia | Chelsea | KensingtonKnightsbridge | Notting Hill | South Kensington

LOCAL VIEW

Spring/Summer2013

Canary Wharf | IslingtonRiverside | Wapping

LOCAL VIEW

Spring/Summer2013

Hampstead | Islington | St John’s WoodLOCAL VIEW

Spring/Summer2013

Battersea | Fulham | RichmondWandsworth | Wimbledon

LOCAL VIEW

Spring/Summer2013

Cover image: Westbourne Grove, see page 64

This Local View is one of a series of five publications covering the London area. To view and download a PDF or request a hard copy please visit KnightFrank.com/publications

In the following pages, we provide an insight into the unique London property market and showcase a selection of the most impressive London properties currently for sale and to rent with Knight Frank.

The prime London property market continues to outperform, despite continued economic uncertainty. The clarity provided by December’s draft finance bill around the taxing of £2m+ properties owned through companies, resulted in a surge in activity in the early part of the year after months of uncertainty in the wake of the March 2012 budget.

Activity levels are robust across all price bands in the market, and prices are still increasing, with levels already more than 20% higher than the previous peak in prices back in March 2008.

However, it is interesting to note that growth at different price levels is moving at slightly different speeds. Since stamp duty for £2m+ purchases was raised from 5% to 7% in March last year, prices for properties under this threshold are advancing more quickly than those above the threshold. The exception is for properties worth £5m+, where prices are also climbing more steadily.

London retains its reputation as a leading global hub and international demand remains a key factor driving price growth. Overseas buyers continue to view London property as a safe haven to invest in.

Over the past 12 months, Knight Frank has expanded its global network, both in London and overseas, attracting more buyers and tenants from around the world. Our relationships with our overseas offices have never been stronger. Not only do all offices share a central database, but we have established teams looking after Russian, South Asian and Chinese buyers. We have also developed associations with leading real estate agents across Europe and America.

Our acquisition of additional premises in Lower Belgrave Street means that we are the only national agent with dedicated sales and lettings offices in Belgravia. All our offices are supported by our continued investment in technology, allowing people to view Knight Frank properties from wherever they are in the world in one of 16 languages, including Russian and Mandarin. Moreover, our global website receives over one million web visits a month, giving our clients’ properties maximum exposure.

I trust you will enjoy reading the articles contained within this edition of Local View and leafing through the many pages of wonderful properties that our clients have asked us to find buyers or tenants for.

If you see any properties that interest you, or if you would like advice on any property matter then please do not hesitate to get in touch with any one of our offices.

Welcome to the Spring/Summer Edition of Local View 2013

Noel Flint Head of London Residential [email protected]

AREA 3

4 London Market Overview6 Belgravia18 Chelsea30 Kensington42 Knightsbridge54 Notting Hill66 South Kensington78 Knight Frank Service Directory79 Knight Frank Office Directory

CONTENTS

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44

In April, property values in prime central London rose by 0.7%, taking the annual growth to 7.7%. Prices for London’s best homes have risen 2.9% in 2013 to date.

Interest among buyers for prime central London homes remains strong. The number of new buyers entering the market rose by 22% in the first four months of the year compared to the same period in 2012. Property viewings were also up by 47% over this time.

The market has faced some headwinds over the last year, however.

The increase in Stamp Duty last March to 7% had a noticeable impact, with the price growth for properties valued at under £2m and over £5m outperforming houses between these price bands. Our view is that the long term impact of the higher rate will be to reduce transactions in the £2m-£3m bracket by around 5% below the level they would otherwise have been.

The changes to the tax regime for £2m+ properties owned through a company announced by the Chancellor last March also led to buyers adopting a more cautious approach. However, clarification regarding the tax environment in December resulted in ‘pent up’ demand returning to the market, leading to higher levels of activity in the early months of 2013.

International demand for the very best London homes remains strong with overseas buyers viewing property in London as a safe haven investment. Over the 12 months to April 2013, overseas buyers accounted for 52% of all £2m+ prime central London sales.

In addition, the fall in value of the pound against rival currencies has made the prospect of owning luxury homes in the capital even more appealing to international buyers who can benefit from the effective discount of buying a London property in their own currency.

Prime central London residential property prices have continued their strong growth over the last 12 months. Prices are now more than 57% higher than the post-crisis market low in March 2009 and are around 20% higher than the previous market peak in March 2008.

LONDON SALES MARKET

7.7%Annual price change,

to April 2013

2.5%Three month price change

to April 2013

SALES MARKETIN NUMBERS

0.7%Prime London price change

in April 2013

Who is buying? Top 20 nationalities buying £2m+ homes in prime central London, Q1 2012 to Q1 2013

1 United Kingdom 47.8% 11 Italy 1.7%

2 Russia 8.5% 12 South Africa 1.1%

3 France 3.1% 13 Greece 1.1%

4 United States of America 2.8% 14 Sweden 1.1%

5 China 2.8% 15 Switzerland 1.1%

6 United Arab Emirates 2.8% 16 Singapore 1.1%

7 India 2.6% 17 Saudi Arabia 1.1%

8 Nigeria 2.0% 18 Germany 0.9%

9 Turkey 1.8% 19 Ireland 0.9%

10 Hong Kong 1.8% 20 Australia 0.9%

Source: Knight Frank Residential Research

100.0

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Fig 1A sharp divide Residential price change, indexed from March 2009

Prime central LondonUK

Source: Knight Frank Residential Research

55

In April, rents declined by 0.1% taking the annual fall to 3.2%. Underpinning this trend is the weakness of the financial sector employment market which continues to bear the brunt of week economic activity in the UK and Europe.

Indeed, while the headline figures confirm that rents in prime central London continue to fall, it is worth noting the differing performance across areas.

High stock volumes combined with low applicant levels means rents in St John’s Wood have declined by 5.2% so far this year, while in Notting Hill and Mayfair average rents have declined since January by 1.8% and 1.2% respectively.

In contrast, prime rents in Kensington and Marylebone bucked the overall trend and increased over the first

four months of 2013 and are up by 2.5% and 1.9% respectively. Other areas which have seen rents climb include Belgravia and Knightsbridge, although by a more modest 0.3% and 0.2%.

Activity levels suggest a healthier picture is emerging across the prime central London market. The number of new tenancies agreed in prime central London is up 30% since January compared to the same period in 2012. Additionally, the number of applicant viewings is up in the first four months of the year, albeit by just 2%.

Our view, informed by a positive outlook for employment and business sentiment, is that rents in prime central London will increase by 1% this year, before posting growth of 3%, 5%, 3.9% and 3.9% in the years to 2017.

Rents in prime central London have been falling for the last ten months. Despite this, they remain 22% higher than the trough of the market in the second quarter of 2009.

LONDON RENTAL MARKETRENTAL MARKET

IN NUMBERS

Annual rental change, to April 2013

-3.2%Year-on-year growth

in new lettings volumes, January to April 2013

30%

-0.1%Prime London rental change in

April 2013

100.0

Mar

-09

Jun-

09

Sep-

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20.0%

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-5.0%

-10.0%

-15.0%

-20.0%

-25.0%2009 2010 2011 2012 2013

Fig 1

Fig 3

-20

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1997

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20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-10.0%

-15.0%

-20.0%

-25.0%2009 2010 2011 2012 2013

2002

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2009

2010

2011

2012

Fig 1

Fig 3

Fig 4

-15

-10

-5

0

5

10

15

20

25

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35

London rental growth Annual growth in prime central London rents

Total investment returnsAnnual total returns on prime central London property, capital growth and net income return

Source: Knight Frank Residential Research Source: Knight Frank Residential Research

BELGRAVIA 7

Getting around: Victoria, Sloane Square, Hyde Park CornerVictoria

Best known for: Buckingham Palace, foreign embassies, theatres and high-end hotels, bars and restaurants.

Borough: City of Westminster

Area: White stucco-fronted terraces, garden squares and a selection of upmarket boutiques and restaurants attract an international and cosmopolitan community. Belgravia is home to a number of international dignitaries and embassy buildings which create a safe and secure environment in which to live.

Social and cultural attractions: Elizabeth Street, Motcomb Street and Orange Square have been sympathetically designed to accommodate a selection of independent boutiques, delicatessens and Michelin-starred restaurants creating a village atmosphere.

Sports and leisure facilities: Belgravia is close to Hyde Park and St James’s Park. There are a number of beautiful garden squares offering tennis courts and children’s play areas. There is also Grace, London’s first private women’s club, which is a new vision for women’s health and lifestyle.

Our favourite places: The Thomas Cubitt, for fine British cuisine; The Goring, for the classic British dining and hotel experience; The Grenadier, for a pint in a traditional pub.

BELGRAVIAAREAS COVERED SW1E SW1H SW1P SW1V SW1W SW1X

BELGRAVIA SALES8

The market: Turnkey and newly refurbished properties are still sought after by international buyers who see London property as a safe haven for their equity. Large lateral flats are in short supply leading to increased demand, and new buildings with concierge and security are highly popular.

Our outlook: The market has become increasingly price sensitive and the reckless spending seen in recent years has become more considered, with buyers taking their time to secure a purchase. Buyers are coming from a larger selection of countries and local demand remains strong.

Who buys here: The regular Middle Eastern and Russian buyers are still active in the market, but it is getting harder to pinpoint the dominant nationalities as there are so many.

SALES OVERVIEW

760Every day at Knight Frank

Belgravia properties are viewed

times on our award-winning website

SALESBY NUMBERS

95%On average we have achieved

of the guide price on sales in the past six months

SALES INSIGHT

The biggest new trend in my market is price sensitive buyers who are considered in their offers and have no immediate driver to push forward within the market.

Our team in action: Following an introduction from our Russian desk, we agreed terms on a large lateral apartment in 10 Montrose Place. A complex transaction ensured the two teams worked together to ensure that a successful sale was completed within eight weeks. The Belgravia Lettings team were then instructed to act as the Lettings agent for the new owner.

Montrose Place, SW1

Stuart Bailey Head of Sales

76%of traffic to our global

residential search is from international visitors

On average

+44 20 7881 7722 [email protected] KnightFrank.co.uk/belgravia

9BELGRAVIA SALES

Five bedroom freehold townhouseWilton Place

A comprehensively refurbished and immaculate five bedroom, freehold townhouse.

Master bedroom with dressing room and en suite bathroom, 4 further bedrooms (3 with en suite bath/shower rooms), reception hall, drawing room, kitchen/breakfast room, dining room, media/family room, study, laundry room, wine cellar, sauna with wet room, guest cloakroom, roof terrace.

Approximately 428 sq m (4,600 sq ft)

BELGRAVIA SW1FreeholdGuide price: £12,250,000

A well-maintained and spacious freehold townhouse located moments from Sloane Square.

Master bedroom with en suite bathroom and separate dressing room, 2 further bedrooms, further bathroom, reception room, kitchen, dining room, garden, terrace, garage. EPC rating D.


Arranged across two buildings with six windows overlooking Eaton Square, this well-presented, two bedroom, third floor flat is located at the favoured western end of Eaton Square.

Master bedroom with en suite bathroom, further bedroom with en suite bathroom, drawing room, kitchen, dining room, guest cloakroom, balcony, lift, porter.


BELGRAVIA SW1Freehold Guide price: £3,750,000

Spacious three bedroom townhousePassmore Street

Lateral apartment with balconyEaton Square

BELGRAVIA SW1Leasehold approximately 63 years remaining Guide price: £5,950,000

BELGRAVIA SALES10

BELGRAVIA SALES 11

Gerald Road Eaton Place

Westmoreland Terrace Pimlico Road

PIMLICO SW1Freehold Guide price: £2,495,000

A six bedroom, stucco-fronted house located in one of the best streets in Belgravia.

Master bedroom with dressing area and en suite shower room, 5 further bedrooms, 2 further bath/shower rooms, reception room, kitchen, dining room, study, balcony, garden.


A well-presented two double bedroom flat in Eaton Place with the added benefit of owning a share of the freehold to the building.

Master bedroom with dressing room and en suite bathroom, further bedroom, further bathroom, reception room, kitchen, dining room, utility room, patio garden, storage vault, terrace.

Approximately 165 sq m (1,781 sq ft) including storage vault

BELGRAVIA SW1Freehold Guide price: £4,995,000

BELGRAVIA SW1Share of freeholdGuide price: £3,950,000

A newly refurbished, four bedroom family house with a good balance of reception and living space.

Master bedroom with en suite bathroom, 3 further bedrooms, 3 shower rooms, reception room, kitchen, dining room, study/bedroom 5, patio. EPC rating C.


A rare-to-the-market one bedroom south-facing apartment located in the popular Orange Square.

Bedroom, bathroom, reception room, kitchen, guest cloakroom, lift. EPC rating C.

Approximately 61 sq m (660 sq ft)

BELGRAVIA SW1Leasehold approximately 142 years remaining Guide price: £1,000,000


BELGRAVIA LETTINGS12

The market: Apart from February, where Belgravia rents rose by a modest 0.4%, average rents in prime Central London are 3.1% lower over the 12 month period. Although rents are down, the volume of lettings has risen with a 22.6% increase in new tenancies agreed in the first three months compared to the same period in 2012.

Our outlook: The current dip in headline rents is evidence of constraints onaffordability, combined with increased volumes of rental stock, as opposed toa downturn in demand. Our view is that rental growth will be positive with aforecast of 1% growth with improving employment prospects.

Who rents here: There has been an increase in the different nationalities of tenants looking to rent in Belgravia with applicants becoming increasingly younger. Another trend we have noticed is an increase in tenants renting whilst they look for something to buy or have bought already and are in the process of modernising.

LETTINGS OVERVIEW LETTINGSBY NUMBERS

LETTINGS INSIGHT

The most exciting emerging hotspot is the area surrounding Victoria Street and St James with the regeneration of Cardinal Place and the introduction of numerous newbuild schemes such as Wellington House, with 24 hour concierge and secure parking.

Our team in action: After the initial introduction from our International Project Marketing team based in Hong Kong, we were successfully instructed on a ‘turnkey’ apartment in a secure development in Belgravia. After a brief marketing campaign, the apartment was successfully let to a Norwegian corporate tenant. A great example of our network of global offices working alongside each other.

Belgravia Court SW1W

56%of new tenancies agreed over

the last six months were to international tenants

26%of all new tenancies agreed

this financial year have been in excess of £3,000 per week

70%increase in available rental

properties in the last six months

We have seen a

Tom Smith Head of Lettings

BELGRAVIA LETTINGS 13

Grade II listed corner house, one of the largest houses in the Square.

Master bedroom with en suite bathroom and dressing room, a further double bedroom with en suite bathroom and dressing room, 3 further double bedrooms all with en suite bathrooms, drawing room, dining room, family room, kitchen/breakfast room, preparation kitchen, reception hall, library, 2 staff rooms/bedrooms, bathroom, shower room, gym, bar, utility room, guest cloakrooms, lift, 2 terraces, 2 balconies, double garage.


Impressive townhouse carefully configured to create extensive reception space with a large drawing room overlooking Chester Square.

Master bedroom with en suite bathroom, 5 further bedrooms all with en suite bathrooms, reception room, dining room, kitchen/breakfast room, media room, study, library, 2 guest cloakrooms, utility room, wine cellar, vault, terrace, access to Chester Square Gardens. EPC rating C.


BELGRAVIA SW1Available furnished or unfurnishedGuide price: £13,000 per week

Exceptional Grade II listed corner house on Chester Square

Beautifully presented six bedroom house on Chester Square

Chester Square

Chester Square

BELGRAVIA SW1Available furnished or unfurnishedGuide price: £8,500 per week

+44 20 7881 7730 [email protected] KnightFrank.co.uk/belgraviaNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

Luxury lateral penthouse featuring the latest technology, direct lift access and private terrace.

Master bedroom with en suite bathroom and dressing room, a further double bedroom with en suite bathroom, reception room, dining room, kitchen, study, utility room, roof terrace, direct lift access. EPC rating E.


Exquisite two bedroom maisonette with large private terrace, central air conditioning, integrated audio system and underfloor heating.

Master bedroom with en suite bathroom and dressing room, a further double bedroom with en suite bathroom, reception room, kitchen, guest cloakroom, large private terrace. EPC rating E.


BELGRAVIA SW1Available furnishedGuide price: £3,250 per week

Immaculate Belgravia penthouse

Outstanding spacious maisonette

Eaton Place

Eaton Terrace


BELGRAVIA LETTINGS14

BELGRAVIA LETTINGS 15

Eaton Place Eaton Square

Ebury Mews Eccleston Mews


BELGRAVIA SW1Available unfurnishedGuide price: £1,650 per week

Interior designed apartment with lift access.

Master bedroom with en suite and dressing room, 2nd bedroom with en suite, reception room, kitchen, dining room, study, entrance hall, lift access, resident caretaker. EPC rating C.


Newly developed flat with patio garden.

Master bedroom with en suite bathroom, reception room, kitchen, separate guest cloakroom, patio garden, lift, porter, access to Eaton Square communal gardens with tennis courts. EPC rating E.


BELGRAVIA SW1Available furnishedGuide price: £750 per week

Beautiful mews house with large reception room.

Master bedroom with en suite, 2 further double bedrooms (1 with en suite), shower room, reception room with dining area, kitchen, garage parking by separate negotiation.EPC rating C.


Excellent mews house with conservatory.

Master bedroom with en suite, 2 further double bedrooms, bathroom, reception room, kitchen, conservatory, study, cloakroom, garden, on street mews parking. EPC rating D.


BELGRAVIA SW1Available unfurnishedGuide price: £1,350 per week

+44 20 7881 7730 [email protected] KnightFrank.co.uk/belgraviaNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

16 BELGRAVIA – sold properties

Warwick SquarePIMLICO SW1 Guide price: £3,250,000

Grosvenor CrescentBELGRAVIA SW1 Guide price: £17,800,000

Montrose PlaceBELGRAVIA SW1 Guide price: £3,950,000

Eaton PlaceBELGRAVIA SW1 Guide price: £4,850,000

Eaton Mews NorthBELGRAVIA SW1 Guide price: £4,500,000

Gayfere StreetWESTMInSTER SW1 Guide price: £2,900,000

SOLD SOLD

SOLD SOLD

SOLD SOLD


17BELGRAVIA – LET properties

Eaton PlaceBELGRAVIA SW1 Guide price: £1,550 per week

Eaton MansionsBELGRAVIA SW1 Guide price: £4,150 per week

Graham TerraceBELGRAVIA SW1 Guide price: £3,000 per week

Grosvenor Garden Mews NorthBELGRAVIA SW1 Guide price: £7,950 per week

Grosvenor Crescent MewsBELGRAVIA SW1 Guide price: £2,400 per week

Eaton SquareBELGRAVIA SW1 Guide price: £4,500 per week

LET

LET

LET

LET

LET

LET


AREA18

CHELSEA 19

Getting around: Sloane Square, Earl’s Court, West Brompton, Gloucester RoadWest Brompton, Imperial Wharf

Best known for: King’s Road, Sloane Square, Chelsea Arts Club, the Flower Show and Chelsea FC.

Borough: Royal Borough of Kensington and Chelsea

Area: Chelsea’s beautiful garden squares and sense of community make it popular with families and young professionals. The area is synonymous with art and fashion, having been the focal point of the swinging sixties, and residents benefit from an abundance of boutique shops, restaurants, bars and cafés.

Social and cultural attractions: Many people living here comment on how little they use their kitchens because the local cafés, gastropubs and restaurants are so good. Keen shoppers have the renowned King’s Road, while other places of interest include Chelsea Arts Club, the National Army Museum, The Physic Garden and The Royal Court Theatre.

Sports and leisure facilities: Nearby Battersea Park is a great spot for jogging, cycling, rowing, fishing and other pursuits, while Burton Court has a number of tennis courts and the path along the embankment provides the perfect place for a riverside stroll.

Our favourite places: The famous Beaufort House on the corner of the King’s Road and Beaufort Street, the renowned Pig’s Ear pub and Busaba Eathai Thai restaurant.

CHELSEAAREAS COVERED SW3 SW5 SW10

20 CHELSEA SALES

The market: There is consistent demand from both domestic and international buyers across the board. There is still a lack of supply and we are regularly seeing competitive bids. The strongest demand is for good family houses at all levels and apartments under £2m.

Our outlook: It is likely that prices in the area will make small gains and the number of transactions is increasing. This looks set to continue.

Who buys here: We deal with a broad selection of buyers from the expected European bankers, both as family house buyers and smaller flats in the early stages of their careers, as well as Russians, Chinese, and a good number of UK buyers.

SALES OVERVIEW

587 Every day Knight Frank Chelsea

properties are viewed

times through our award-winning website

SALESBY NUMBERS

35%of our sales in the last six months were priced

under £1.5m

SALES INSIGHT

We have seen a surge in demand for investment flats under £2m as buyers are increasingly looking for value. They will pay high prices if they can understand them and there is good comparable evidence to support them.

Our team in action: This house was on the market for about a year with another agent. When we were instructed one of our enquiries came from one of our tenants who wanted to continue to deal with Knight Frank. They bought the house and used Knight Frank Finance to find the best deal on their mortgage. Both buyer and seller were delighted with the outcome.

Harley Gardens SW10

James Pace Head of Sales

160different countries have viewed

properties for sale through Knight Frank Chelsea

In the last 12 months alone, potential buyers from

+44 20 7349 4300 [email protected] KnightFrank.co.uk/chelsea

21CHELSEA SALES

Luxury living in the heart of ChelseaHenry Moore Court, Manresa RDSet within beautiful landscaping on a well-known tree-lined street just off the King’s Road, this is an elegant boutique development of exceptional two to four bedroom apartments, and two houses all with 24 hour security, concierge, secure underground parking, private resident’s gym and beautifully crafted interiors.

Ranging from approximately 1,800 sq ft to 4,900 sq ft

ChELSEA SW3Leasehold approximately 998 years remaining Guide price: From £5,650,000 - £15,000,000

Computer generated images for indicative purposes only

Refurbished house with exceptional gardenGlebe PlaceThis incredible house has been completely remodelled by an internationally renowned designer who has created a thoroughly modern interpretation of a traditional London townhouse.

Master bedroom with dressing area and bathroom en suite, 3 further bedroom en suites, drawing room, kitchen/dining room, library, study area, entrance hall, utility room, cloakroom, conservatory, terrace, garden. EPC rating E.


CHELSEA SALES22

ChELSEA SW3Freehold Guide price: £8,500,000

CHELSEA SALES 23

Modern townhouse in prime addressThe Little BoltonsA five bedroom family house in good order that boasts private parking and a patio garden.

Master bedroom with en suite shower room, 2 bedrooms with en suite bathrooms, 2 further bedrooms, shower room, sitting room, drawing room, playroom, kitchen, cloakroom, garden, off street parking for 2 cars. EPC rating E.


ChELSEA SW10FreeholdGuide price: £4,850,000


CHELSEA LETTINGS24

The market: The appetite for properties from prospective tenants continues to be high and landlords will be encouraged to see that the number of new applicants and applicant viewings is up year-on-year by 24% and 4.5% in turn. Additionally, the volume of new rental instructions has risen by 20% over the year to date.

Our outlook: The health of the wider economy continues to impact on rents and the Eurozone crisis reinforces pressure on growth. Confidence and affordability is likely to remain a central issue for tenants well into 2013. We forecast the sub £1,000 per week bracket is likely to perform exceptionally strongly over the next 12 months with the best family houses also attracting strong levels of interest.

Who rents here: Western Europe, North America, UK nationals and affluent French nationals make up the main body of our tenants.

LETTINGS OVERVIEW

37%of our properties coming

to the market are between £2,000 and £3,000 per week

38%of our tenants are

in their 30s

34%of our tenancies are between £2,000 and £3,000 per week

LETTINGSBY NUMBERS

LETTINGS INSIGHT

My typical renter is often an upwardly mobile high net worth family or individual, very often with more than one fixed abode globally. Complete market knowledge, speed and attention to detail are key factors in gaining our clients complete trust.

Our team in action: Having advised a client to comprehensively refurbish his large house overlooking communal gardens and provided extensive direction during the works, we have now achieved three offers from high net worth families, at a significantly higher price level. Confident advice, delivering results.

Collingham Gardens

David Mumby Head of Lettings

CHELSEA LETTINGS 25

Stylish four bedroom family house

Hollywood Road

The impressive proportions offer a variety of living arrangements and every room is filled with natural daylight. There are many original and bespoke features culminating in a modern, incredibly stylish family home.

Master bedroom with en suite bathroom, 3 further double bedrooms, 2 further single bedrooms/studies, 2 further bathrooms, WC, double reception room, kitchen/dining room, utility room, wine cellar, large well-planted patio garden. EPC rating E.


ChELSEA SW10Available furnished or unfurnishedGuide price: £2,650 per week

+44 20 7349 4300 [email protected] KnightFrank.co.uk/chelsea NB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

26 CHELSEA LETTINGS

Stunning flat with private west-facing patioDrayton Gardens

This two/three bedroom flat offers bright and inviting living space which has been refurbished to the very highest of standards with contemporary fittings and retaining many stunning period features.

2/3 bedrooms, 2 bathrooms, kitchen, reception room, patio. EPC rating D.


CHELSEA SW10Available furnishedGuide price: £1,295 per week

CHELSEA LETTINGS 27

Exceptional two bedroom flat with porterKing’s Road

This extremely spacious flat is in a secure gated development and has access to communal gardens and an underground car parking space.

Master bedroom with en suite bathroom, further double bedroom, shower room, open plan kitchen/reception room, porter, communal gardens, parking, gym, swimming pool and tennis court. EPC rating C.


CHELSEA SW10Available furnishedGuide price: £1,250 per week

+44 20 7349 4300 [email protected] KnightFrank.co.uk/chelsea NB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

28 CHELSEA – sold properties

Elm Park RoadGuide price: £5,950,000

LAMONT ROADGuide price: £3,650,000

Old Church StreetGuide price: £2,850,000

Drayton GardensGuide price: £6,225,000

Beaufort StreetGuide price: £850,000

Tregunter Road

ChELSEA SW3 ChELSEA SW10


ChELSEA SW3 ChELSEA SW10 Guide price: £1,450,000

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD


29CHELSEA – LET properties

Paultons Square Guide price: £3,950 per week

Lamont RoadGuide price: £2,595 per week

Redcliffe Square Guide price: £950 per week

Glebe Place Guide price: £900 per week

King’s Road Guide price: £1,300 per week

Gertrude Street



ChELSEA SW10 ChELSEA SW10 Guide price: £650 per week

LET

LET

LET

LET

LET

LET


AREA30

KENSINGTON 31

Getting around: High Street Kensington, Notting Hill Gate, Holland Park Avenue

Best known for: Holland Park, Hyde Park and Kensington Palace, with itslatest residents being the Duke and Duchess of Cambridge.

Borough: The Royal Borough of Kensington and Chelsea

Area: Kensington strikes a pleasing balance of the old and new with its historic buildings and serene residential squares alongside the bustling High Street Kensington. So fashionable is the area that the luxury brand Mulberry now has its headquarters here.

Social and cultural attractions: Kensington Palace, the Round Pond and The Princess Diana Memorial Playground are all popular with visitors, as is the iconic Barkers Building, now home to Whole Foods. In the summer, Holland Park hosts a season of outdoor operas. For evening entertainment, Kensington has numerous pubs, bars and restaurants, including the world-famous Kensington Roof Gardens.

Sports and leisure facilities: Holland Park, Kensington Gardens and Hyde Park are all in walking distance and are great spots for summer picnics as well as recreational activities such as running, cycling, boating and horse riding.

Our favourite places: The Churchill Arms, a homely pub and Thai restaurant; The Windsor Castle, an infamous pub with a large beer garden; and Kensington Roof Gardens, London’s only rooftop private members’ club.

KENSINGTONAREAS COVERED W8 W11 W14

Fountain Image: Royal Parks Foundation/Charlotte Fielding

KENSINGTON SALES32

The market: We are looking at houses and flats ranging between £500,000 to £100,000,000.

Our outlook: We anticipate that the local market in Kensington will be buoyant throughout 2013. There is now clarity regarding taxation and costs. The signs are positive and many buyers who put off buying last year are reappearing.

Who buys here: A wide variety of nationalities are attracted to Kensington. There are many UK and European families living locally taking advantage of the schools and parks, as well those from further afield buying houses and flats and their London base whilst in the country.

SALES OVERVIEW SALESBY NUMBERS

SALES INSIGHT

My concern for the market is that owners’ expectation levels remain high, which then leads estate agents to provide over-valued stock, which does not sell until months later when there is the inevitable price reduction.

Our team in action: We have recently sold a four bedroom unmodernised family house for 10% above the guide price. With 29 viewings in two weeks, we had multiple offers. Interested parties were asked for their best and final offers and contracts were exchanged within two weeks.

Phillimore Terrace W8

Mark Redfern Head of Sales

1,668 times through our

award-winning website

Everyday Knight Frank Kensington properties

are viewed

65% of Sales in W8 by

Knight Frank Kensington were below £3.5m

74% of buyers registered with the

Kensington office want to spend under £5m

+44 20 7938 4311 [email protected] KnightFrank.co.uk/kensington

KENSINGTON SALES 33

An impressive interior designed, three bedroom apartment situated within one of Kensington’s most prestigious developments.

This superb apartment offers a 24 hour concierge/security service, gym and swimming pool, valent parking to a dedicated underground space.

3 bedrooms, 3 bathrooms, 2 reception rooms, kitchen/breakfast room, dining room, study, dressing room. EPC rating C.


A rare opportunity to acquire a very special house. This beautiful Grade II terraced property is situated on the east side of Edwardes Square with an open aspect to the front and views over the garden square.

The owner of the house enjoys access to Edwardes Square, which is arguably the finest garden square in Central London. It is beautifully maintained. The residents have the additional benefit of a grass tennis court within the Square.

4 bedrooms, 4 bathrooms, drawing room, kitchen/breakfast room, dining room, sitting room/study, sitting room, private garden, access to communal gardens.


KEnSInGTOn W8Share of freeholdAsking price: £6,995,000

Contemporary luxury living

A gem with views over and access to the finest garden square in W8

Academy Gardens

Edwardes Square

KEnSInGTOn W8FreeholdGuide price: £5,500,000

34 KENSINGTON SALES34

Pretty period family house

A charming two bedroom apartment

Kensington Place

Iverna Court

Located in the popular ‘Hillgate Village’ area of Kensington, this bright, attractive three bedroom period house offers excellent family accommodation and is in the desirable catchment area for Fox Primary School.

It is presented in good order and would make a lovely family home. It is located halfway along Kensington Place in perhaps one of the most enviable and quiet positions on the street.

3 bedrooms, 2 bathrooms, double reception room, kitchen/dining room, study, roof terrace, garden. EPC rating E.


A well-presented two bedroom apartment with excellent entertaining space, located on the fifth floor (with lift) of this well maintained and highly regarded mansion block, situated in the heart of Kensington.

The apartment features a double reception room, a separate kitchen and a master bedroom with en suite bathroom. There is one further bedroom and a family bathroom and the apartment benefits from porterage.

2 bedrooms, 2 bathrooms, reception room, kitchen, dining area, balcony, lift. EPC rating E.


KEnSInGTOn W8 FreeholdAsking price: £2,650,000


35KENSINGTON SALES

Fantastic and bright duplex apartment

Beautiful mews house

Lexham Gardens

Radley Mews

A very well-presented first and second floor duplex, boasting very high ceilings on the first floor and benefiting from three beautiful terraces.

Located on the south side of Lexham Gardens, the flat has two south facing terraces to the rear, one on each floor, as well as a terrace to the front leading off from the study which has been cleverly integrated into the area under the stairs.

2 bedrooms, 2 bathrooms, 2 reception rooms, kitchen, study area, 3 terraces. EPC rating D.


A pretty three bedroom mews house ideally located in this quiet cobbled mews in the heart of Kensington, benefiting from a lovely terrace and a garage.

This beautiful mews house has excellent living and entertaining accommodation over three floors. Radley Mews is ideally situated just off the Stratford Road in the sought-after Stratford Village.

3 bedrooms, 3 bathrooms, reception room, kitchen, terrace, garage. EPC rating D.



KEnSInGTOn W8FreeholdAsking price: £1,695,000


36 KENSINGTON LETTINGS

The market: It has been active in the first quarter of this year with a distinct increase in activity within the houses sector and larger lateral flats. Kensington has seemed to buck the trend of the downward growth of the lettings market and is still seeing a small percentage increase of values.

Our outlook: We are still cautious of the effects that the City job market has on the activity levels we are seeing; however, the demand continues to outweigh the supply of stock in the higher end of the market, which shows a positive step for Kensington with a return of the high value market.

Who rents here: International students, families and professionals relocating for work or study opportunities.

LETTINGS OVERVIEW LETTINGSBY NUMBERS

85%of our tenants

are international

62%of our tenancies in the past 12 months have been for properties priced under

£1,000 a week

25%of our tenancies have been

at £2,000 per week and above

Since January

LETTINGS INSIGHT

The most exciting emerging hotspot is Stratford Village for its collection of small studio style apartments to large family houses and the benefit of its quaint village feel.

Our team in action: A house on one of the most popular streets in Kensington had sat on the market for some time and was in need of refurbishment. After nearly a year on the market we finally persuaded the landlord to invest in refurbishing the property and within the final stages of the building work a tenant was found.

Campden Grove, W8

Tacita Rolls Head of Lettings

KENSINGTON LETTINGS 37

This superb house is situated in aquiet cul de sac located just south ofKensington High Street. The house features a beautiful state-of-the-art kitchen leading on to an open plan dining area, as well as two well-presented reception rooms. The house further boasts five well-sized bedrooms and two walk-in wardrobes with excellent storage space and a lovely roof terrace.

5 bedrooms, 4 bathrooms, 2 reception rooms, eat-in kitchen, dining room, roof terrace. EPC rating D.


An immaculate three bedroompenthouse situated in the heart ofKensington inside a private gated estate on Kensington Green. The flatis spacious and has wooden floorsthroughout, as well as floor-to-ceilingwindows which give the roomsan abundance of natural light. Allbathrooms have been refurbished to avery high standard, as has the kitchen.The bedrooms are all spacious withplenty of natural light, ample storage,and sensational views over Kensington.

3 bedrooms, 3 bathrooms, reception room, kitchen, balcony, porter, underground parking space, 7th floor with lift. EPC rating C.


KEnSInGTOn W8Available unfurnishedGuide price: £4,250 per week

Stunning house in quiet location

Beautifully presented penthouse

Ansdell Terrace

Walnut Court

KEnSInGTOn W8Available unfurnishedGuide price: £2,750 per week

+44 20 7937 8203 [email protected] KnightFrank.co.uk/kensingtonNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

A beautiful six bedroom maisonetteon the first floor of this popular redbrick mansion block close to HollandPark. The flat boasts a modernkitchen and well-presented receptionroom, master bedroom with en suitebathroom, four further double bedrooms, a study/bedroom and family bathroom. The propertyfurther benefits from access to a private roof terrace allowing for extensive views across London.

6 bedrooms, 4 bathrooms, reception room, kitchen, study, terrace.EPC rating D.


A bright two bedroom apartment on Palace Gardens Terrace, a desirable street in the heart of Kensington. Situated within walking distance of both High Street Kensington and Notting Hill Gate underground stations, on the second and third floor of a stucco-fronted building. The property has been refurbished throughout and boasts a good-sized master bedroom with en suite.

2 bedrooms, en suite bathroom, shower room, reception room, kitchen, 2nd and 3rd floor. EPC rating C.


KEnSInGTOn W8Available furnished or unfurnishedGuide price: £2,500 per week

Spacious family home

Brilliant location

Campden Grove

Palace Gardens

KEnSInGTOn W8Available furnishedGuide price: £850 per week

KENSINGTON LETTINGS38

KENSINGTON LETTINGS 39

A beautiful two bedroom flat positioned on the first floor of this popular red brick mansion block close to Holland Park. The flat boasts a modern kitchen and well-presented reception room, master bedroom with en suite bathroom, further double bedroom and family bathroom. The property further benefits from access to the communal gardens and heating and hot water are included in the rental price.

2 bedrooms, 2 bathrooms, reception room, kitchen, communal gardens.EPC rating C.


A beautifully presented andrecently refurbished two bedroomapartment to rent in this sought-after and exceptionally quiet, gateddevelopment with resident porter inprime Kensington W8. The apartment is situated on the raised ground floor of one of the quietest buildings, furthest from the street.

2 bedrooms, 2 bathrooms, reception room, kitchen, walk in wardrobe.EPC rating D.


KEnSInGTOn W8Available unfurnished Guide price: £865 per week

Well-presented two bedroom flat close to Holland Park

Bright apartment, newly refurbished

Oakwood Court

Bullingham Mansions

KEnSInGTOn W8Available furnished Guide price: £850 per week

+44 20 7937 8203 [email protected] KnightFrank.co.uk/kensingtonNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

40 KENSINGTON – sold properties

Vicarage GateKEnSInGTOn W8 Asking price: £895,000

Zetland HouseKEnSInGTOn W8 Asking price: £3,250,000

Scarsdale VillasKEnSInGTOn W8 Asking price: £4,750,000

Adam and Eve MewsKEnSInGTOn W8 Guide price: £3,950,000

Bullingham MansionsKEnSInGTOn W8 Asking price: £1,500,000

Kensington Church WalkKEnSInGTOn W8 Asking price: £2,350,000

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD


41KENSINGTON – LET properties

Abingdon MansionsKEnSInGTOn W8 Guide price: £845 per week

York HouseKEnSInGTOn W8 Guide price: £3,250 per week

Kensington GateKEnSInGTOn W8 Guide price: £4,500 per week

Bedford GardensKEnSInGTOn W8 Guide price: £2,500 per week

Creston HouseKEnSInGTOn W8 Guide price: £1,100 per week

Palace Garden MewsKEnSInGTOn W8 Guide price: £2,250 per week

LET

LET

LET

LET

LET

LET


KNIGHTSBRIDGE 43

Getting around: Knightsbridge, Sloane Square, South Kensington

Best known for: The luxury brand shops and boutiques on Sloane Street including Chanel, Dior, Prada, Hermes together with local department stores Harrods and Harvey Nichols, museums, and the development One Hyde Park.

Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster

Area: Home to some of the world’s most prestigious venues, shops, hotels and restaurants, Knightsbridge sits to the west of Sloane Street and south of Hyde Park. The area is characterised by beautiful garden squares as well as its red brick mansion blocks and white stucco-fronted houses and apartments. Examples of this wonderful architecture can be found on Pelham Crescent, Egerton Crescent, Cadogan Place, Cadogan Square, Alexander Square and Lennox Gardens.

Social and cultural attractions: Knightsbridge benefits from having some exceptional hotels such as The Jumeirah Carlton Tower, Sheraton Park Tower, and The Mandarin Oriental, which is home to the world-renowned restaurant Dinner by Heston Blumenthal. Also nearby is the V&A, Natural History Museum, Science Museum, Royal Albert Hall, Brompton Oratory, The Saatchi Gallery and Cadogan Hall.

Sports and leisure facilities: Kensington Gardens and Hyde Park, London’s largest royal park, are within walking distance and offers everything from boating to tennis courts, The Serpentine Gallery and hosts music concerts such as Proms in The Park. Also found in Knightsbridge are some of the best gymnasiums including KX gym, The Peak and The Berkeley.

Our favourite places: Zafferano, a Michelin-starred Italian restaurant; Zuma, for contemporary Japanese cuisine; Scalini for authentic Italian; Amaya for Indian fusion; and Bibendum for classic French cuisine.

KNIGHTSBRIDGEAREAS COVERED SW1 SW7 SW3

KNIGHTSBRIDGE SALES44

The market: Knightsbridge remains the high-profile focus for global buyers looking for everything from a pied-à-terre to substantial family houses. The market is robust and confident, under pinned by the current weakness of sterling, making buying all the more compelling.

Our outlook: Knightsbridge will see a strong year, tight supply meeting continued global interest as prospective buyers continue to see prime central London as a defensive asset class, particularly in the light of recent events in Cyprus and uncertainty in the Middle East.

Who buys here: Knight Frank sold properties to over 60 nationalities in 2012.

SALES OVERVIEW

162In the last six months alone,

potential buyers from

different countries have viewed properties for sale

through Knight Frank

423potential buyers on our

books looking to spend a collective total of £6.21bn

We have

SALESBY NUMBERS

£111.7mthrough us in the past six months

International buyers have spent

SALES INSIGHT

Brompton Cross is seeing a revolution as more and more luxury goods stores arrive at or close to the junction of Sloane Avenue and Brompton Road, most recently Carolina Herrera, which is seeing a significant increase in requests for pieds-à-terre close to this corner of Knightsbridge.

Our team in action: The Knightsbridge team consistently prove to be a trusted advisor to our clients. Our recent sales in Onslow Square, Cadogan Square and Beaufort Gardens provide an example of how our good relationships achieve record prices and exceed client expectations.

Onslow Square SW7

Rupert des Forges Head of Sales

+44 20 7591 8600 [email protected] KnightFrank.co.uk/knightsbridge

KNIGHTSBRIDGE SALES 45

Immaculate three bedroom Knightsbridge penthouseParkside

An exquisite penthouse apartment situated on the eighth floor of a 24 hour portered building in the heart of Knightsbridge with panoramic views over Hyde Park.

Master bedroom suite with dressing room, 2 further bedroom suites, reception/dining room, kitchen/breakfast room, lift, porter, air conditioning. EPC rating D.


KnIGhTSBRIDGE SW1Share of freeholdGuide price: £9,750,000

KNIGHTSBRIDGE SALES46

Four bedroom, Grade II listed house Pelham PlacePelham Place is a beautifully presented, Grade II listed house on the borders of Knightsbridge and South Kensington and is one of the most attractive streets in this exclusive area.

Master bedroom suite with dressing room, 3 further bedrooms (1 en suite), drawing room, dining room, kitchen/breakfast room, study, front andrear gardens, 2 cloakrooms.


KnIGhTSBRIDGE SW7Freehold Guide price: £9,750,000

KNIGHTSBRIDGE SALES 47

Superb Knightsbridge houseAlexander SquareA beautifully presented family house in this exclusive private road in Knightsbridge.

Master bedroom suite, 3 further bedrooms, 3 further bathrooms, kitchen/breakfast room, 3 reception rooms, staff suite including reception room, bedroom, shower room, kitchenette and utility room, 2 cloakrooms, 1st floor balconies, rear garden. EPC rating D.


KnIGhTSBRIDGE SW3FreeholdGuide price: £11,950,000


KNIGHTSBRIDGE LETTINGS48

The market: There has been a noticeable upturn in the lettings market in terms of volume, with 14% more tenancies agreed in 2013 so far compared to the same period in 2012. At this time of year the family house market starts to become active. This year due to stock moving over from the lettings market to the sales market, there is a shortage of family houses.

Our outlook: Our view is that rental growth will be positive moving into 2013, with an improving outlook for employment and increasing business sentiment in London, especially in the technology and media sectors, providing a boost to the activity in the lettings market.

Who rents here: The lettings market in Knightsbridge is truly international, as well as many British tenants. Tenants usually come from the corporate sector alongside high-net-worth individuals.

LETTINGS OVERVIEW

70% of our tenants are

from overseas

LETTINGSBY NUMBERS

20%of our enquiries are over

£2,500 per week

53%of our enquiries originate

from the web

LETTINGS INSIGHT

The worst mistake a landlord can make is to not make sure a property is presented in good, fresh decorative order as this can put tenants off.

Our team in action: We were instructed via an introduction through our Client Services department to let a house in Flood Street where the landlord had been let down at the last minute by a tenant introduced via another agent. Finding a suitable tenant had been tricky as there were major works at the back of the house. We quickly found a suitable tenant for the house and the landlord was so pleased with the service we were promptly instructed to let a second house in Walton Street.

Walton Street SW3

Juliet hill Head of Lettings


KNIGHTSBRIDGE LETTINGS 49

An impressive family homeRutland Gardens

A newly refurbished house quietly located in a private gated road, in the heart of Knightsbridge. Offering spacious living and accommodation, the property has been designed to the highest standards.

5 bedrooms, 5 bathrooms, 3 reception rooms, kitchen, dining room, swimming pool, gym, patio, garden. EPC rating D.


KnIGhTSBRIDGE SW7Available furnishedGuide price: £15,000 per week

NB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

KNIGHTSBRIDGE LETTINGS50

An immaculately presented family houseTrevor StreetAn immaculately presented family house, perfectly located in the heart of Knightsbridge, close to the many exclusive shops and restaurants in the area, including Harrods and a short walk to Knightsbridge underground station (Piccadilly line) and the wide open spaces of Hyde Park.

4 bedrooms, 3 bathrooms, reception room, kitchen, dining room, garden. EPC rating D.


KnIGhTSBRIDGE SW7Available unfurnishedGuide price: £2,250 per week

KNIGHTSBRIDGE LETTINGS 51

Newly refurbished second floor flat close to King’s Road. The flat is east/west-facing with large windows and lots of light and space. Located very close to the King’s Road with its shops and restaurants and easy walking to Sloane Street with its designer shops.

Bedroom, bathroom, large reception room, kitchen. EPC rating D.


Newly refurbished first floor flat, located within the popular Cadogan Gardens. The flat has a lovely double reception room with floor to ceiling windows and bespoke walnut carpentry leading onto a balcony, perfect for entertaining.

3 bedrooms, 2 bathrooms, large reception room, bespoke kitchen, access to square gardens. EPC rating D.


KnIGhTSBRIDGE SW3Available furnishedGuide price: £1,800 per week

Newly refurbished second floor flat near King’s Road

Newly refurbished first floor flat near Sloane Square

Sloane Avenue

Cadogan Gardens

KnIGhTSBRIDGE SW3Available unfurnishedGuide price: £1,800 per week

+44 20 7591 8601 [email protected] KnightFrank.co.uk/knightsbridgeNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

52 KNIGHTSBRIDGE – sold properties

Pont StreetKnIGhTSBRIDGE SW1 Guide price: £4,350,000

Egerton GardensKnIGhTSBRIDGE SW3 Guide price: £1,450,000

Cadogan GardensKnIGhTSBRIDGE SW3 Guide price: £8,500,000

KnightsbridgeKnIGhTSBRIDGE SW7 Guide price: £7,450,000

SOLD

Walton PlaceKnIGhTSBRIDGE SW7 Guide price: £7,500,000

SOLD

SOLD

Paradise WalkChELSEA SW3 Guide price: £1,725,000

SOLD SOLD

SOLD


53KNIGHTSBRIDGE – LET properties

Walpole StreetChELSEA SW3 Guide price: £3,900 per week

Pelham CourtChELSEA SW3 Guide price: £850 per week

Cadogan GardensKnIGhTSBRIDGE SW3 Guide price: £9,500 per week

Milner StreetKnIGhTSBRIDGE SW7 Guide price: £2,750 per week

Walton StreetKnIGhTSBRIDGE SW7 Guide price: £3,250 per week

The KnightsbridgeKnIGhTSBRIDGE SW7 Guide price: £9,500 per week

LET

LET

LET

LET

LET

LET


NOTTING HILL 55

Getting around: Notting Hill Gate, Holland Park, Ladbroke Grove, Westbourne Park, Latimer Road, Royal Oak Paddington

Best known for: Its diversity, the Notting Hill Carnival (Europe’s largest street party), Portobello Road market (a mecca for bargain hunters), its bohemian vibe and charm and, of course, the iconic movie Notting Hill (starring Hugh Grant and Julia Roberts).

Boroughs: Royal Borough of Kensington and Chelsea, City of Westminster

Area: Notting Hill is a wonderful balance of peace and tranquility combined with the buzz and excitement of the City. Residents are attracted to the ‘bohemian-meets-cool’ atmosphere and the diverse mix of people and places, from the magical and idyllic garden squares, to the boutiques and café culture of Westbourne Grove and the hustle and bustle of Portobello Road and Notting Hill Gate.

Social and cultural attractions: Notting Hill is home to Europe’s largest street party – the Notting Hill Carnival. The huge range of bars, gastropubs and award-winning restaurants means you can experience excellent food and drink from all corners of the globe. The Electric Cinema and the Coronet show the latest blockbusters, while The Gate Picturehouse caters for those looking for something a little more art-house. Other attractions include The Museum of Brands Packaging and Advertising and The 20th Century Theatre.

Sports and leisure facilities: As well as having many beautiful communal gardens, Notting Hill is close to the wide open spaces of Hyde Park, Kensington Gardens and Holland Park. Holland Park is renowned for its Kyoto Garden, sports facilities and picturesque walk to Kensington High Street. There are also a number of cycling routes, sports clubs, yoga and pilates centres.

Our favourite places: The Ledbury, a restaurant with two Michelin stars; The Oak, for wood-fired pizzas; Granger & Co, courtesy of Australian celebrity chef Bill Granger; E&O, for pan-Asian cuisine and inventive cocktails; The Rum Kitchen, a Caribbean style beach shack; Hummingbird Bakery, for exquisite cupcakes; Assaggi, for wonderful Italian dining tucked away on a cobbled mews; Julie’s, regarded as the ‘rock chic’ restaurant of the world; Dock Kitchen in W10, a waterside restaurant; Jamie Oliver’s new venture Recipease; and for arguably the best coffee ‘in town’ go to The Grocer on Elgin Crescent and seek out Samir.

NOTTING HILLAREAS COVERED W11 W10 W2

56 NOTTING HILL SALES

The market: We have now entered a perfect and uninterrupted selling window following the much-needed clarity after the Chancellor’s Autumn Statement in December. This certainty has now encouraged buyers, who were previously sitting on the fence, to return to the market, proving that the market in Notting Hill still remains robust and resilient.

Our outlook: The market is currently fuelled by a strong and pent-up demandacross all sectors. A lack of first-class stock is keeping prices at a competitive level. In addition to which the ‘currency play’, due to the fall in the value of sterling, has increased the appetite for property in Notting Hill from overseas buyers, especially those located in the troubled Eurozone. We envisage a very active spring/early summer market.

Who buys here: Notting Hill still attracts a multitude of different nationalities, and, as mentioned above, we are experiencing demand from a wide spectrum.

SALES OVERVIEW

449Knight Frank Notting Hill

properties are viewed

times a day through our award-winning website

SALESBY NUMBERS

352We have

potential buyers on our books looking to spend a collective

total of £2.19bn

SALES INSIGHT

We have seen a surge in demand for communal gardens, family houses and are also experiencing an increased demand from families wanting to downsize and an increase in demand for ‘turnkey’ lateral apartments in good buildings. Lateral space in Notting Hill is rare and commands a premium.

Our team in action: Our client purchased this apartment through us back in 2010. In 2012 we quietly introduced it to the market by showing our top 10 buyers, 14 days later it went under offer. Our client was then referred to Knight Frank Finance and is now looking to buy through our New York residential Partners Douglas Elliman.

Chepstow Villas

Caroline Foord Head of Sales

102%of the guide price on sales in

the past 12 months

On average we have achieved

+44 20 7229 0229 [email protected] KnightFrank.co.uk/notting-hill

Garden square family houseNorland Square

A truly wonderful Grade II listed house situated on the north side of this popular square. The house has a great feeling of light and space, of note is the first floor drawing room with views over the garden square.

Master bedroom suite, 5 further bedrooms, 3 bathrooms, double reception room, kitchen/breakfast room, dining room, family room, guest cloakroom, utility room, wine cellar, garden.


hOLLAnD PARK W11FreeholdGuide price: £7,500,000

NOTTING HILL SALES58

Wonderful lateral spaceHayden’s PlaceThis wonderful low-built house, which is predominantly laid out over two floors offering rare lateral space. Set in a magical position with an abundance of natural light in a gated development just off Portobello Road.

Master bedroom suite with dressing room, 3 further bedroom suites, 2 reception rooms, guest cloakroom, gym, utility room, private parking. EPC rating C.


nOTTInG hILL W11Share of freehold Guide price £6,000,000

NOTTING HILL SALES 59

Corner house with garden

Spacious apartment

Highlever Road

Chepstow Villas

A rare opportunity to acquire a beautifully refurbished family home benefiting from impressive light and located on this pretty tree lined street in North Kensington.

Master bedroom suite, 3 further bedrooms, 2 bathrooms, reception room, kitchen/breakfast room, garden, guest cloakroom. EPC rating D.


A rare opportunity to acquire a beautifully decorated, light and well-proportioned one bedroom flat with a stunning roof terrace set in arguably one of the most desirable locations in Notting Hill.

Bedroom, bathroom, open plan kitchen and reception room, roof terrace, balcony. EPC rating D.


nORTh KEnSInGTOn W10Freehold Guide price £2,000,000

nOTTInG hILL W11Share of freeholdGuide price £975,000


NOTTING HILL LETTINGS60

The market: The Queen’s Jubilee and the Olympics put London in the spotlight in 2012 and activity was good across the market, however, towards the end of the year the rental prices dropped marginally. 2013 started well but softened over the Easter period.

Our outlook: One and two bedroom flats are always in demand at this time of year and as we approach the summer, the family house market will come into its own. High stock levels put the market in a strong position for the coming months.

Who rents here: Notting Hill attracts an eclectic mix of young professionals, families and those who have retired.

LETTINGS OVERVIEW

35%of our new instructions in the

past 12 months have been above £1,000 per week

66%of our tenancies agreed in

the last 12 months have been international tenants

LETTINGSBY NUMBERS

48%of our applicants are looking

to spend between £500–£1,000 per week

LETTINGS INSIGHT

We have seen a surge in demand for one and two bedrooms; however, it is at this time of the year that the demand for houses increases as families relocate to London.

Our team in action: We were instructed on a sole agency basis to let this newly refurbishedmaisonette. Within a couple of weeks, we moved in a lovely family. The clientwas delighted so she recommended her daughter to use us, as her flat wason the market with another agent and hadn’t been let. Within three weekswe found her a tenant.

Ladbroke Gardens W11

Sophie Woolfenden Head of Lettings

NOTTING HILL LETTINGS 61

Family house with off street parkingArtesian Road

A fantastic architect designed five bedroom end-of-terrace period house with an open view down Sunderland Terrace. This family house also boasts a south-facing landscaped garden.

5 double bedrooms, 3 bathrooms, 2 reception rooms, kitchen, dining room, study, garden, terrace, off street parking. EPC rating D.


nOTTInG hILL W2Available unfurnishedGuide price: £2,750 per week

+44 20 7985 9990 [email protected] KnightFrank.co.uk/notting-hillNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

NOTTING HILL LETTINGS62

Havilland Mews Lansdowne Crescent

This fantastic one bedroom mews house with acontemporary design offers excellent living space.

Bedroom, bathroom, reception room, kitchen/breakfast room, storage, parking. EPC rating B.

Approximately 81.6 sq m (878 sq ft)

nOTTInG hILL W2Available unfurnishedGuide price: £425 per week

This family house is in immaculate condition and benefits from an abundance of natural light to all floors.

3/4 bedrooms, 2 bathrooms, reception room, kitchen, dining room, patio, off street parking. EPC rating D.


ShEPhERDS BuSh W12Available furnishedGuide price: £485 per week

nOTTInG hILL W11Available furnished or unfurnishedGuide price: £2,300 per week

Moorhouse Road Pembridge SqUARE

An immaculate one bedroom flat on the second floorof this period building on a quiet tree-lined street in theArtesian Village.

Bedroom, bathroom, reception room, open plan kitchen. EPC rating D.


A stylish second floor flat close to Notting Hill Gate and the local amenities.

Double bedroom, bathroom, reception room, kitchen, access to communal gardens. EPC rating D.


nOTTInG hILL W2Available furnished Guide price: £595 per week

NOTTING HILL LETTINGS 63

Aldridge Road Villas Blenheim Crescent

A newly refurbished two bedroom flat on the ground floor of a period terrace building. Only a few minutes walk from Westbourne Park tube station.

2 double bedrooms, bathroom, reception room, kitchen. EPC rating D.


nOTTInG hILL W11Available furnished or unfurnishedGuide price: £825 per week

This first floor flat is ideally located and benefits from wooden floors throughout.

Bedroom, bathroom, reception room, open plan kitchen. EPC rating C.


nOTTInG hILL W11Available furnished or unfurnishedGuide price: £2,000 per week

Lansdowne Crescent

nOTTInG hILL W11Available furnishedGuide price: £695 per week

nOTTInG hILL W11Available furnishedGuide price: £460 per week

Chepstow Villas Denbigh Terrace

A stunning refurbished second floor flat situated in one of Notting Hill’s prime streets.

Double bedroom, study/2nd bedroom, kitchen, bathroom with separate shower, reception room. EPC rating C.


A modern house close to Portobello Road and Westbourne Grove.

3 bedrooms, 2 bathrooms, reception room, study/sitting room, eat-in kitchen, garden. EPC rating E.


+44 20 7985 9990 [email protected] KnightFrank.co.uk/notting-hillNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

64 NOTTING HILL – sold properties

Horbury CrescentnOTTInG hILL W11 Guide price: £775,000

Chepstow VillasnOTTInG hILL W11 Guide price: £1,375,000

Addison Avenue hOLLAnD PARK W11 Guide price: £5,750,000

Westbourne GrovenOTTInG hILL W11 Guide price: £7,950,000

Ladbroke GardensnOTTInG hILL W11 Guide price: £1,500,000

St. James’s GardenshOLLAnD PARK W11 Guide price: £4,750,000

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD


65NOTTING HILL – LET properties

McGregor RoadnOTTInG hILL W11 Guide price: £465 per week

Ladbroke GrovenOTTInG hILL W2 Guide price: £875 per week

Norland SquarenOTTInG hILL W11 Guide price: £1,300 per week

Pembridge PlacenOTTInG hILL W2 Guide price: £1,500 per week

Queens MewsnOTTInG hILL W2 Guide price: £1,100 per week

Westbourne GrovenOTTInG hILL W11 Guide price: £1,200 per week

LET

LET

LET

LET

LET

LET


AREA66

67south kensington

Getting around: South Kensington, Gloucester Road, Sloane Square, Earls Court, West BromptonWest Brompton

Best known for: Museums, Royal Albert Hall, Imperial College, Royal Academy of Music, the Lycée school and Hyde Park.

Borough: Royal Borough of Kensington and Chelsea

Area: South Kensington is London’s museum heartland and attracts over 11 million visitors every year. Exhibition Road, at the heart of the area, recently benefited from significant refurbishment. The area has a distinct Parisian vibe and the renowned local French school, Lycée Francais Charles de Gaulle de Londres, is a big pull for many French residents.

Social and cultural attractions: Numerous venues include the Natural History Museum, Science Museum, Victoria and Albert Museum, Royal Albert Hall, National Geographic Society and Royal Academy of Music.

Sports and leisure facilities: Residents of South Kensington benefit from proximity to Hyde Park – home to the Serpentine Lake with its outdoor swimming club and boating activities, a tennis club, gardens and open spaces. The park also hosts a number of events throughout the year from Winter Wonderland to open-air concerts in the summer.

Our favourite places: The Hummingbird Bakery, a renowned cake shop on the Old Brompton Road, Carluccio’s, Ricardo’s, Queens Arms, Anglesea Arms.

SOUTH KENSINGTONAREAS COVERED SW7 SW5

south kensington sales68

The market: Since the New Year, there has been an explosion in interest in the sub £2m market due to the recent tax changes. Interest continues to pour in from abroad as central London property is seen as a safe haven for investment, which has been triggered recently by the weak pound.

Our outlook: Supply is going to be an issue as the market gets tighter with the mounting interest from the local, national and international markets. The prime market is beginning to see signs of activity and we fully expect this to grow for the rest of the year, resulting in a healthy activity in sales.

Who buys here: Predominately buyers come from Western Europe with Italian and French purchasers being the most prevalent. However, we are beginning to see a resurgence of British buyers, as well as buyers from Asia.

SALES OVERVIEW

37% There has been an

increase of

from last year of supply in terms of new instructions

SALESBY NUMBERS

27.8%There is a

increase in sales under £2m in the last 12 months

SALES INSIGHT

Presentation of property and well-maintained common parts are key to achieving the very best price. Having a full set of papers will also ensure a smooth and efficient path to an exchange of contracts.

Our team in action: Acting on behalf of a well-respected developer, we managed to secure terms to a Belgium couple after a competitive bid situation. This sale highlighted the thirst for prime central London property from the ever-growing international market.

Queens Gate Place

John Kennedy Partner

65%of our buyers are international

+44 20 7871 4111 [email protected] KnightFrank.co.uk/southkensington

south kensington sales 69

Immaculate mews house in the heart of South KensingtonEnsor Mews

A stunning and exceptionally light mews house that has been re-modelled extended and refurbished to an extremely high standard to create an impressive four bedroom residence.

4 bedrooms, 3 bathrooms, 3 reception rooms, kitchen, utility room, garage, loft space. EPC rating E.


SOuTh KEnSInGTOn SW7Freehold Guide price: £6,750,000

70 south kensington sales

SOuTh KEnSInGTOn SW7Share of freeholdGuide price: £3,250,000

Beautifully refurbished two bedroom apartment with garden viewsHereford Square

A wonderful two bedroom flat located on the second floor of a period conversion. The apartment has recently benefited from a full programme of refurbishment and is now presented in superb order throughout.

2 double bedrooms both with en suite facilities, reception room, kitchen/dining room, study, a separate utility room. EPC rating D.


south kensington sales 71

Spacious apartment with views over communal gardensCourtfield Gardens

A spectacular raised ground floor apartment situated on a popular garden square, this flat is presented in fabulous order and boasts an enormous reception room.

Master bedroom with en suite bathroom, bedroom 2, shower room, reception room, kitchen/dining room, study area. EPC rating D.


EARLS COuRT SW5Share of freeholdGuide price: £1,875,000


south kensington lettings72

The market: The appetite for properties from prospective tenants continues to be high and landlords will be encouraged to see that the number of new applicants and applicant viewings is up year-on-year by 24% and 4.5% in turn. Additionally, the volume of new rental instructions has risen by 20% over the year to date.

Our outlook: Confidence and affordability is likely to remain a central issue for tenants well into 2013. We forecast the sub £1,000 per week bracket likely to perform exceptionally strongly over the next 12 months with the best family houses also attracting strong levels of interest. We foresee growth in the region of 1% across the London market.

Who rents here: Our marketplace is perennially popular with affluent French nationals who number over 400,000 residing in South Kensington.

LETTINGS OVERVIEW

34%of our tenants are

in their 30s

LETTINGS BY NUMBERS

34%of our tenancies are

£2,000 to £3,000 per week

LETTINGS INSIGHT

The demand for fully furnished “turnkey” properties presented to an exceptionally high standard have been increasingly in demand over the last 12-18 months. Tenants are looking for maximum convenience and the results we have achieved demonstrate that premiums will be paid.

Our team in action: We sold a property 18 months ago on a prime SW7 mews after a highly competitive bidding process. Having been completely rebuilt, including the addition of a basement, we have now been instructed to secure a tenant and are currently under negotiations with a large corporate to take the property for three years.

Roland Way SW7

28%of our properties coming to

the market are between £3,000 and £4,500 per week

David Mumby Head of Lettings

south kensington lettings 73

Exquisite two bedroom flat with terraceQueen’s Gate

A first floor flat (with lift) which benefits from high ceilings and fantastic living space with a small terrace leading off the reception room.

2 double bedrooms, 2 bathrooms (1 en suite bathroom), kitchen, reception room, terrace. EPC rating C.


SOuTh KEnSInGTOn SW7Available furnishedGuide price: £1,295 per week

+44 20 7871 4111 [email protected] KnightFrank.co.uk/southkensingtonNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

Three bedroom house with decked roof terraceRoland WayThis luxurious house to rent has been the subject of an exacting build projectto the highest of standards. The property boasts secure off street parking andair conditioning and a great private roof terrace.

3/4 bedrooms (1 with en suite), 2 bathrooms, 2 reception rooms, study/bedroom, cloakroom, kitchen. EPC rating B.


SOuTh KEnSInGTOn SW7Available unfurnished Guide price: £2,500 per week

south kensington lettings74

south kensington lettings 75

Stunning three bedroom flat with roof terrace Brechin PlaceA superb split level flat over the third and fourth floor of an exceptional newlyrefurbished building which benefits from a Smart Technology system which canbe controlled remotely via iPad.

3 bedrooms, 2 bathrooms, reception room, kitchen. EPC rating D.


SOuTh KEnSInGTOn SW7Available furnished or unfurnishedGuide price: £1,595 per week

+44 20 7871 4111 [email protected] KnightFrank.co.uk/southkensingtonNB All potential tenants should be advised that, as well as rent, administration fees will apply when renting a property. Please ask for details of our charges.

76 south kensington – sold properties

Bramham gardensEARLS COuRT SW5 Guide price: £1,355,000

Eagle PlaceSOuTh KEnSInGTOn SW7 Guide price: £2,500,000

Sheridan Court EARLS COuRT SW5 Guide price: £3,350,000

Ensor MewsSOuTh KEnSInGTOn SW7 Guide price: £3,295,000

Grenville PlaceSOuTh KEnSInGTOn SW7 Guide price: £900,000

Evelyn GardensSOuTh KEnSInGTOn SW7 Guide price: £8,750,000

SOLD

SOLD

SOLD

SOLD

SOLD

SOLD


77south kensington – let properties

Cornwall gardens SOuTh KEnSInGTOn SW7 Guide price: £1,250 per week

Queen’s GateSOuTh KEnSInGTOn SW7 Guide price: £1,250 per week

Courtfield Gardens SOuTh KEnSInGTOn SW5 Guide price: £1,000 per week

Charlesworth House SOuTh KEnSInGTOn SW7 Guide price: £825 per week

Stanhope Mews South SOuTh KEnSInGTOn SW7 Guide price: £1,195 per week

Roland Gardens SOuTh KEnSInGTOn SW7 Guide price: £800 per week

LET

LET

LET

LET

LET

LET


RESIDENTIAL SERVICES78

We put clients at the heart of what we do and our service levels are driven by our clients’ needs. As a result, we have created an environment that nurtures the best people in the business and genuinely allows us to give the best advice – the sort of advice you’d give your family. What can be a life-changing process for many people – buying, selling, renting, or letting a property – is handled with care, discretion, service, and professionalism at all times.

Below is an overview of our specialist teams and how they can help. If you can’t find what you are looking for here, please visit KnightFrank.co.uk/residential

Whether you are buying a beautiful house for personal enjoyment or want to invest in a portfolio of rental properties, we can help.

WHY KNIGHT FRANK

• Finding a property to rent• Arranging a tenancy• Rental property for corporates• Relocation services• Valuations• Services for landlords• Letting your property• Relocation services• Property management• Lettings management

For more information on renting, letting and property management with Knight Frank please contact Tim hyatt on +44 20 7861 5044 or visit KnightFrank.co.uk/lettings

Renting, letting and managing residential property

• Finding a property to buy• Financing your purchase• Property search and acquisition• Services for international buyers• Investing in property portfolios• Valuations

Property in Central London please contact noel Flint on +44 20 7861 5020

UK property outside of London please contact David Peters on +44 1488 682 726

UK farms and estates please contact Clive hopkins on +44 20 7861 1064

International Property please contact Paddy Dring on + 44 20 7861 1061

Knight Frank’s property search service, The Buying Solution contact Philip Selway on +44 20 7591 2647

For more information about financing and mortgage options with Knight Frank Finance, please contact Simon Gammon on +44 20 7268 2581 or visit KnightFrankFinance.co.uk

Buying and selling residential property

• Valuations• Leasehold reform• Rural consultancy• Country house consultancy• Renewables and sustainability• Rural consultancy• Property research

To find out more about Knight Frank’s consultancy services contact David Peters on +44 20 7861 1067

Our world-class research team ensures that we lead the field in understanding the key drivers of the residential property market. This means that we price and market property to deliver a sale or rental in the most effective way.

To find out more about our research contact Liam Bailey on +44 20 7861 5133

Consulting and property research

• New Homes• Residential Development

For more information about our residential development team please contact Stephan Miles-Brown on +44 20 7861 5403

Other areas of expertise

DIRECTORY

Global headquarters

+44 20 7629 8171 55 Baker Street London, W1U 8AN United Kingdom

Country Department

+44 20 7629 8171 [email protected]

International Department

+44 20 7629 8171 [email protected]

Mayfair+44 20 7499 1012 [email protected]

notting hill+44 20 7229 0229 [email protected]

Richmond (Sales only)+44 20 8939 2800 [email protected]

Riverside+44 20 3597 7670 [email protected]

South Kensington+44 20 7871 4111 [email protected]

St John’s Wood+44 20 7586 2777 [email protected]

Wandsworth (Sales only)+44 20 8682 7777 [email protected]

Wapping & City+44 20 7480 6848 [email protected]

Wimbledon+44 20 8946 0026 [email protected]

Regional Offices Sales & Lettings

Ascot+44 1344 624732 [email protected]

Cobham+44 1932 591600 [email protected]

London Sales & Lettings

Battersea+44 20 3597 7670 [email protected]

Belgravia+44 20 7881 7722 [email protected]

Canary Wharf & Royal Docks+44 20 7512 9955 [email protected]

Chelsea+44 20 7349 4300 [email protected]

Fulham+44 20 7751 2400 [email protected]

hampstead+44 20 7431 8686 [email protected]

hyde Park+44 20 7871 5060 [email protected]

Islington+44 20 3657 7340 [email protected]

Kensington+44 20 7938 4311 [email protected]

Knightsbridge+44 20 7591 8600 [email protected]

Marylebone+44 20 3435 6440 [email protected]

Esher+44 1372 464496 [email protected]

henley-on-Thames+44 1491 844900 [email protected]

Regional Offices Sales

Basingstoke+44 1256 350600 [email protected]

Bath+44 1225 325999 [email protected]

Beaconsfield+44 1494 675368 [email protected]

Berkhamsted+44 1442 861610 [email protected]

Bristol+44 117 317 1999 [email protected]

Cheltenham+44 1242 246959 [email protected]

Cirencester+44 1285 659771 [email protected]

Exeter+44 1392 423111 [email protected]

Guildford+44 1483 565171 [email protected]

harrogate+44 1423 530088 [email protected]

haslemere+44 1428 770560 [email protected]

hereford+44 1432 273087 [email protected]

horsham+44 1403 339180 [email protected]

hungerford+44 1488 682726 [email protected]

Oxford+44 1865 790077 [email protected]

Sevenoaks+44 1732 744477 [email protected]

Sherborne+44 1935 812236 [email protected]

Stratford-upon-Avon+44 1789 297735 [email protected]

Sutton Coldfield+44 121 3627878 [email protected]

Tunbridge Wells+44 1892 515035 [email protected]

Virginia Water+44 1344 840020 [email protected]

Winchester+44 1962 850333 [email protected]

Worcester+44 1905 723438 [email protected]

Scotland

Edinburgh+44 131 222 9600 [email protected]

Lauder+44 1578 722814 [email protected]

International

For a full listing of our international offices please visit KnightFrank.com

Important notice

1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing (‘information’) as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).

2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. Any computer generated images (CGI) are indicative only.

3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been

obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.

4. VAT: The VAT position relating to the property (where applicable) may change without notice.

Whilst every effort has been made to ensure the accuracy of the information contained in this publication, the publisher cannot accept responsibility for any errors it may contain. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission of Knight Frank LLP, 55 Baker Street, London W1U 8AN.

Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where you may look at a list of members’ names. This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank LLP for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank to the form and content within which it appears.

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