From Weybridge to Wandsworth, Chelsea to Canary Wharf, many city dwellers see a home on the river as the ultimate goal. Owing to demand in both the sales and lettings markets, securing a riverside property in the capital can be a challenge. However, with the help of specialists Waterview, who has a network of 28 offices strategically placed along the river and works in partnership with Dexters, that aspiration can become a reality.
River expert Soren Ravaux, Director of Waterview, explains, “In recent years, we’ve seen a huge uplift in clients seeking homes on the river. There’s something relaxing about being by the water: people often say that they feel like they are on a permanent holiday.”
Waterview showcases prime property along many stretches of the Thames, with a wealth of wonderful locations in central London. “Our office in Chelsea Harbour offers unrivalled coverage and is extremely busy selling and letting waterside homes,” says Soren, adding, “From Chelsea Harbour the views are particularly magnificent, you can see the Shard, the Gherkin, the London Eye, the Cheese Grater – all the iconic landmarks. That is the view that some only ever see in glossy magazines and, if you own a riverside property you are able to enjoy it every day.”
According to Soren, Chelsea Harbour appeals to a more established demographic whereas Imperial Wharf, in nearby Fulham, is popular with a younger crowd. “Imperial Wharf is a St George development. There’s a gym, an excellent concierge and fantastic restaurants. It also has its own station.”
Those seeking advice from Waterview are not looking for a main home but desire a pied-à-terre or weekend bolthole in the capital. Soren adds, “We have a lot of overseas investors: many adore the river so when they are looking for a London base, it has to be by the water.”
Over in east London Soren finds that Canary Wharf, Limehouse and Wapping attract a range of buyers and tenants. “Canary Wharf appeals to young professionals, some having relocated from overseas in London. Limehouse and Wapping, although in very close proximity, are rather different and mostly attracts young families.”
Homes on the water tend to be apartments, as houses with river frontage are few and far between. Soren says, “When people ask about waterside properties the big question is, 'Does it have a balcony or, even better, its own private terrace?' Prices vary, you could find a two bedroom apartment for circa £800,000 and a luxury penthouse with direct river views and outside space can reach between £10-£15 million.”
Luckily for river enthusiasts, there are more homes coming to the market. Soren explains, “There are new blocks popping up all over the place. On the south side of the river there are apartments from Wandsworth to Battersea and at Nine Elms there is a huge amount of development. Equally, in Chelsea and Fulham areas, no sooner has one block gone up there’s another being built. Naturally, the river is heavily protected so it’s not easy to gain planning permission, but we are seeing more and more properties by the water.”
The waterside dweller gets to experience an ever-changing view of life on the Thames, whether it’s the sight of pleasure boats or the passing of the four seasons. In summer, when everything is in bloom, there is no better time to secure a riverside property, but Soren finds that the attraction of the lifestyle is such that Waterview offices are seeing a continuous flow of demand all year round.
If you are thinking of selling or letting or would like an update on the local market, contact Soren and his trusted team at Waterview on 020 8398 8550 or visit waterview.co.uk.