Set within the capital’s most unique spaces, converted properties have long been popular with both buyers and tenants. While period homes continue to play an important role in London’s property market, other more unusual homes are also becoming increasingly sought after. Read on to discover why a conversion could be the right choice for you.
The rise of repurposing
Following the deindustrialisation of port areas like Shad Thames and Docklands in the late 1970s, hundreds of structures were left behind. Keen to avoid the high cost of demolishing buildings in excellent condition, and taking advantage of their prime location in the heart of the city, developers purchased these “shells” and redeveloped them into warehouse apartments. “Many of these homes have large Crittall windows, high ceilings and original wooden floors, and they often centre around a large open plan space,” comments Magnus Skullerud, Sales Director at Dexters Shoreditch. “They were built to last and have really stood the test of time.”
Buildings reborn
As regeneration projects spread across London in the 1990s and demand rose for distinctive properties, conversions expanded from industrial structures to a wide variety of repurposed sites. Over time, a number of churches have become available for redevelopment, offering an exciting opportunity to reimagine these striking buildings. Taking into consideration their incredible potential, with soaring ceilings and stained glass windows, these were split into apartments, or in some cases left intact to create a single magnificent residence. Similarly, historic Victorian schoolhouses have been transformed, creating new characterful spaces for residential living. “School buildings tend to generate particularly strong demand, largely due to the overall sense of scale they offer,” notes Geoff Lambert, Sales Director at Dexters Islington, “This really appeals to those seeking a creative and versatile living environment.”
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Architectural appeal
For many years, these properties were most popular with tenants and buyers from creative backgrounds, who appreciated their one-of-a-kind architecture. Today, however, they attract young professionals and families looking for a move that breaks the mould. “People are usually drawn to the character you simply can’t replicate in a standard new build,” says Jason Taylor, Sales Director at Dexters Wapping. “Conversions are open plan and contemporary, which suits modern lifestyles while still offering a sense of originality.”
Industrial icons
In recent years, a number of landmark structures which have long formed part of the capital’s history have been converted into high-specification homes to meet growing demand. A prime example of this is the Battersea Power Station regeneration, where former turbine halls and industrial plant rooms have been replaced by luxury residences, with a curated mix of restaurants, bars, shops and leisure opportunities set around new public squares and the riverside. “This redevelopment has not only preserved an important piece of the capital’s skyline,” states Rory Crawford-Drake, Sales Director at Dexters Clapham, “but has also brought new investment into the surrounding area, making it a thriving place to live.” Another notable development is Highbury Stadium Square. The former Arsenal Football Club stadium was transformed into a collection of apartments, with the pitch itself reimagined as beautifully landscaped gardens.
Future flexibility
Looking ahead, interest in conversions is expected to continue to rise, as prospective residents gravitate towards individuality. “As these properties become increasingly rare, their desirability continues to rise.” Geoff explains. “They are as energy-efficient as new builds, and the vast majority now incorporate insulation and sustainable technology, making them perfect for the modern buyer or tenant.” Whether you’d like to settle in a schoolhouse or put down roots in a power station, a converted property could be the perfect way for you to add some charm to your daily life.
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