A selection of properties recently sold by Chase Evans Sales with the latest house price data

Chase Evans London branches are seeing a steady number of buyer enquiries and an increased number of sales valuation requests at the start of summer 2023. The UK sales market continues to be very price sensitive requiring realistic pricing and expert, professional sales strategy.

Naturally, in the face of the current economic uncertainty UK buyers are very cautious. The rising borrowing cost linked to the considerable jump in mortgage rates over the last year may slow the demand and increase the time needed to complete the transaction. Completing a purchase in these conditions could take anything between three to six months. In these circumstances, we may see fewer home movers, and certainly, fewer first-time buyers committing to a potentially large mortgage.

A recent report from Halifax Building Society suggests that the average UK house price growth is slowing down. “The average UK house price fell slightly in June, down by around £300 compared to May (-0.1%) with a typical property now costing £285,932. This was the third consecutive monthly fall, albeit it a modest one.” “With markets now forecasting a peak in Bank Rate of over 6%, the likelihood is that mortgage rates will remain higher for longer, and the squeeze on household finances will continue to put downward pressure on house prices over the coming year.”

To help homeowners who are facing increased monthly mortgage repayments a new Mortgage Charter was launched in the UK on 10 July 2023. The Mortgage Charter is a set of measures major UK lenders have signed up to offering a switch from a mortgage deal to an interest only plan for up to six months, plus other terms, affordable repayment plans and alternative fixed rate deals. 

Recently sold by Chase Evans

Baltimore Wharf, Canary Wharf, E14

Guide Price: £450,000 L/H

Set in Baltimore Wharf, a striking dockside development on the Isle of Dogs, is this modern one-bedroom property with a balcony. Measuring approx. 464 sq ft / 43.1 sq m and overlooking Millwall Dock, the apartment features well-made, timeless decor with stylish cabinetry, wood flooring, generous double glazing, and marble bathroom tiling. Baltimore Wharf apartments boast generously sized balconies extending the living space considerably and are often accessed from both, the living room and the bedroom. Anchored on the edge of the dock, Baltimore Wharf has a superb location almost void of any vehicular traffic. Baltimore Wharf has extensive on-site fitness facilities including a swimming pool and a gym. The nearest DLR station is at Crossharbour, a stone’s throw from the development. Modern amenities at Canary Wharf, including the rapid Elizabeth Line train services, are a short distance away.

For more Pan Peninsula sales please contact: +44 (0)20 7536 7901 I panp.sales@chaseevans.co.uk

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Altitude Point, Aldgate, E1

Guide Price: £525,000 L/H

This wonderful central London property is set in Altitude Point, a distinctive tower development built in 2014, at the start of a decade of substantial transformation of an old commercial enclave in Aldgate, on the edge of the City. Today, the neighbourhood boasts a great collection of up-market residential properties. The building is angular and completely clad with glass. As a result, a curved living room glass wall is a feature in many of its apartments that are flooded by natural light and afford panoramic City views, especially from the upper floors. The apartment has wood flooring, comfort cooling, quality bathroom tiling, recessed lighting, a built-in bedroom wardrobe and good storage throughout. Residents have access to concierge services and a communal terrace set on the 25^th floor. Properties benefit enormously from amenities at the nearby Goodman’s Fields development as well as from their proximity to Whitechapel which is served by Elizabeth Line trains. Aldgate East (Hammersmith & City and District Line) station is a stone’s throw away.

For more City & Aldgate sales please contact: +44 (0)20 7488 2777 I  city.sales@chaseevans.co.uk

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Lamington Heights, Poplar, E14

Guide Price: £425,000 L/H

A few DLR stops north of the busy Canary Wharf peninsula is the much quieter, predominantly residential Poplar district. Our sold property is located in a contemporary development next to the Langdon Park conservation area with a large open green space. Internally, this contemporary one-bedroom property has a very bright, open-plan and dual-aspect living room opening onto a decked balcony with views of the London skyline. Features include wood flooring, recessed lighting, underfloor heating, and modern kitchen and bathroom fittings.  Langton Park DLR station is conveniently close, a stroll from the development and next to the park. The station runs trains to Canary Wharf in one direction and to Stratford in the other.  This area is also well served by the road network, with the A12 and A13 both nearby. A short distance away is the long-running Chrisp Street Market with over 80 market stalls, other retail outlets and places to eat.

For more sales in Poplar & E14 please contact: +44 (0)20 7515 1001I canary.wharf@chaseevans.co.uk

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Pan Peninsula, Canary Wharf, E14

Guide Price: £455,000 L/H

This one-bedroom west-facing property is set high on the 29^th floor of East Tower in the iconic Pan Peninsula development. The well-proportioned living room has minimalist, uncluttered décor focusing on the impressive views of the surrounding modern local architecture. Excessive glazing in the main living area is a feature in all Pan Peninsula apartments, as are stylish cabinetry and marble bathroom tiling. The onsite amenities include 24-hr concierge services, access to a modern spa with a swimming pool and gym, a cinema, and a business lounge. These dockside properties are now close to fantastic amenities at Wood Wharf and South Quay Plaza next door. Also, the Crossrail Place with Elizabeth Line trains is a short distance away adding additional value to this Canary Wharf location. 

For more sales in E14 please contact: +44 (0)20 7536 7901 I panp.sales@chaseevans.co.uk

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Goodman’s Fields, Aldgate, E1

Guide Price: £600,000 L/H

Larger than many central London properties Goodman’s Fields apartments are top of the list for many international and domestic buyers. This well-presented, smartly planned one-bedroom property measures 539 sq ft / 50.1 sq m internally and extends onto a private balcony. Set on the seventh floor, it enjoys a secluded location with principal rooms overlooking the internal, landscaped courtyard. Features include wood flooring, a fully glazed wall with sliding doors to the balcony, reflective kitchen cabinetry, a built-in wardrobe, and a sleek family bathroom. Transport links are excellent. The nearby Aldgate East is serviced by District and Hammersmith and City lines and the nearby Whitechapel Underground station runs high-speed Elizabeth Line trains across London. Aldgate station provides access to the Metropolitan and Circle Lines. Popular with City professionals and students, Goodman’s Fields is renowned for a variety of modern bars, cafes, pubs and restaurants. For a bigger choice of amenities, Spitalfields, Brick Lane and Shoreditch are a short distance away.

For more sales in Central London please contact: +44 (0)20 7488 2777 I  city.sales@chaseevans.co.uk

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