What $1.2 Million Will get You in London
This site contains affiliate links. I may earn a small commission, at no extra cost to you.
Waterloo | £995,000 ($1.23 million)
A duplex loft in a transformed basket manufacturing facility close to the Tate Fashionable
This two-bedroom, two-and-a-half-bathroom duplex loft is in a circa-1920 basket manufacturing facility that was transformed to residential use in 2000. All 15 models within the constructing function distinct layouts.
Cultural sights inside a mile of the house embrace the Tate Fashionable museum and the Southbank Centre, whose venues embrace Royal Competition Corridor and the Hayward Gallery. The Younger Vic and Previous Vic theaters are across the nook. Cafes and boutiques on Decrease Marsh Road are a brief stroll west, and Borough Meals Market is a mile east. The neighborhood is dense with eating places and bars.
Lambeth North, on the Bakerloo line, is the closest Tube station, a half-mile southwest. Waterloo, Britain’s largest railway station and a terminus for a number of prepare traces, is a brief stroll from the loft. Heathrow Airport is about 17 miles west.
Measurement: 1,455 sq. ft
Worth per sq. foot: $845
Indoors: The residence is on the second flooring of the five-story constructing. An entry corridor leads previous the kitchen and examine to a sunny lounge with 14-foot ceilings and tall home windows that overlook Waterloo Street. The kitchen options Neff home equipment, stone counter tops and white cupboards, and views the lounge by way of a pass-through. There’s additionally a powder room on this degree.
Separate staircases to the second degree attain the bedrooms, each of which have en suite loos. An authentic warehouse door, salvaged from the basket manufacturing facility, hangs exterior one bed room. Pure mild comes from massive wall cutouts that open to the lounge.
The residence is being bought unfurnished, although each platform beds, which have been custom-built for the house, are included within the sale.
Outside house: Residences within the constructing don’t embrace out of doors house.
Prices: Annual property taxes are £2,500 ($3,100). Annual constructing service fees are £4,520 ($5,600), and floor hire is £150 ($185). All house consumers in Britain pay the Stamp Obligation Land Tax, and nonresidents additionally pay a 2 % surcharge. There’s a 0.05 % registration price, payable to the federal government’s HM Land Registry, and notary or authorized charges can complete between 0.5 and 1 % of the transaction value. Consumers should interact a property solicitor or licensed conveyancer to finish a purchase order.
Contact: Sarah Hatcher | The Fashionable Home | +44-020-3795-5920
Bow Frequent | £1 million ($1.24 million)
A two-bedroom residence in a former dog-biscuit manufacturing facility
This light-filled residence is on the second flooring of the previous Spratt’s canine biscuit manufacturing facility, constructed within the late nineteenth century and transformed to 150 dwell/work areas within the Eighties. Authentic residents included the material artist Ian Berry and ceramist Carol Morley. AB Nice Artwork Foundry, which has operated on the constructing’s floor flooring since 1977, casts large-scale bronzes for artists together with Yayoi Kusama, Anish Kapoor and Tracey Emin.
Set in East London’s principally residential Tower Hamlets borough, the realm of Bow Frequent runs alongside Limehouse Reduce, London’s oldest canal. Chrisp Road Market, designed by the English architect Frederick Gibberd for the 1951 Competition of Britain, is a half-mile south. The Grapes, a pub co-owned by the actor Ian McKellen, is a few mile southwest. Limehouse Station on the Docklands Mild Rail, which hyperlinks to a number of London Underground stations, can be a few mile southwest. Bartlett Park, with 12 acres of inexperienced house, is a brief stroll west.
Measurement: 1,738 sq. ft
Worth per sq. foot: $713
Indoors: The vendor preserved some authentic options when he renovated the loft in 2018. A protracted reception space with exposed-brick partitions flows into the windowed kitchen and eating room, whose {custom} cabinetry was designed to resemble vintage fixtures. Broad-plank floorboards in dwelling areas have been restored, and the bedrooms function new flooring in reclaimed hardwood. Each bedrooms get pleasure from courtyard views from massive home windows. The vendor transformed each loos; one incorporates a stand-alone tub and glassed-in bathe, and the opposite has a tiled walk-in bathe.
Authentic cast-iron radiators warmth the residence (as in lots of London flats, there isn’t any air-conditioning). Single-sash, factory-style home windows are double-glazed to attenuate noise from the foundry on the bottom flooring. The residence is being bought unfurnished.
Outside house: Double doorways open from the kitchen to a balcony shared with the loft subsequent door. In hotter months, the constructing’s courtyard turns into a casual exhibition house for artists who dwell within the lofts.
Prices: Annual property taxes are £2,048 ($2,540). Service fees for the constructing are £1,476 ($1,830) a yr.
Contact: Chloe Luxon | Savills | +44-020-7456-6813
Canary Wharf | £1.025 million ($1.27 million)
An open-plan unit in a brand new constructing in East London’s Canary Wharf district
This residence is one in all 82 open-plan models in a 12-story constructing accomplished in January 2024. With unit plans named Gramercy and Prospect, the undertaking is supposed to evoke “loft-style dwelling of New York Metropolis,” says its developer. The brick constructing is in Wooden Wharf, a 23-acre residential neighborhood inside East London’s Canary Wharf, the 128-acre mixed-use growth on the previous West India Docks. Amongst London’s first purpose-built docks after they opened in 1802, the West India Docks closed in 1980 and have been redeveloped as a enterprise and residential hub.
Monetary establishments, together with J.P. Morgan, Citibank and Barclays Group are headquartered in Canary Wharf. Together with high-end outlets, the district’s business combine consists of supermarkets, gyms {and professional} companies. Eating choices embrace the Indian fine-dining spot Dishoon and upscale Mediterranean eatery Hovarda.
The Canary Wharf Station, on the London Underground’s new Elizabeth Line, is a few half-mile away. The road gives direct hyperlinks to the Metropolis of London monetary district, the West Finish and Heathrow Airport, a 48-minute experience. London Metropolis Airport, with flights throughout Europe, is about 4 miles east.
Measurement: 1,037 sq. ft
Worth per sq. foot: $1,224
Indoors: Like all flats within the constructing, this unit has no inner partitions. Its 10-foot polished concrete ceilings distinction with exposed-brick partitions and lightweight hardwood flooring. The kitchen is outfitted with chrome steel counter tops, grey cupboards and Siemens home equipment. A sleeping space is tucked behind a partition in a single nook. Grey and white tiles adorn the toilet, which incorporates a double sink, walk-in bathe and under-floor heating. Massive home windows alongside one wall illuminate the house.
Outside house: Lofts on this constructing shouldn’t have out of doors areas. Harbord Sq. Park, a small inexperienced house that opened in 2021, is throughout from the constructing.
Taxes: Annual Council Tax involves £2,420 ($3,000). Service fees for the constructing are £7,621 ($9,440) a yr.
Contact: Jeremy Griffiths | Knight Frank |+44-7976-739613
For weekly electronic mail updates on residential actual property information, enroll right here.
