Friday 24th February 2017
Twickenham House, a development on with Dexters New Homes team, was featured in the Friday Times Bricks & Mortar. The article ends with some great market comment from Dexters Twickenham Sales Board Director Barry McCarthy.
Rugby, the river and a farmers’ market
Twickenham is world famous as the home of English rugby and will welcome 80,000 fans on Sunday when England face Italy in the Six Nations. Yet this southwest London suburb, which is a little scruffier than some of its neighbours, has an interesting position in the property game.
At a time when property rises in the more overheated parts of London are slowing, Twickenham is poised to take advantage. The average house price is £650,815 compared with £783,907 in neighbouring Richmond, and the fast train to London Waterloo takes 20 minutes. You will find a rare mix of history and green spaces in the form of Strawberry Hill House, a gothic mansion built by the author Horace Walpole; Marble Hill House, a Palladian gem; and York House and gardens, a 17th-century pile.
Twickenham has boutique shops along Church Street, and there are plenty of pubs for a pre-game drink — 12 in total. A farmers’ market is held every Saturday, which is known to boost demand for properties near by. The suburb also borders the River Thames. Richmond is a 30-minute walk along its banks; and if you’re feeling more adventurous Kingston, or even Hampton Court, is within reach. It’s this combination of facilities and lifestyle that is attracting young professionals, who are the target market for developments such as Twickenham House by the developer Portdevon.
This collection of 21 flats with one or two bedrooms, is smart, but functional, and a 12-minute walk from Twickenham station. About 60 per cent of the flats have been bought by first-time buyers, all young couples. Six of the buyers used the government’s Help to Buy scheme.
Apartment 19, on the top floor, is the only flat still on the market. It has wooden floors throughout, but the block’s location is the reason why it is priced at a comparatively modest £579,950.
Although the view from the balcony takes in the rugby stadium, a possible downside is the noise coming from a commercial park in one direction, the busy Heath Road in another, and a railway bridge, which is only a few hundred feet away.
Despite Twickenham’s appeal to first-time buyers priced out of neighbouring suburbs, Gary Durden, the director of Portdevon, says that it will attract families too. “[Twickenham] is known for having good schools, both state and private, and plenty of green spaces,” he says.
Barry McCarthy, a director at Dexter’s in Twickenham, says: “You can get a Victorian family home for between £900,000 and £1.1 million; that money would not get buyers anything comparable in Barnes, Kew or Richmond.
“You also have outstanding schools here. Waldegrave girls school is one of the best non-fee-paying schools of its type in the country. At the moment we don’t have enough housing stock to meet demand.”