What does £5,000,000 buy in London - London’s Prime Housing Market

 

London’s prime housing market continues to draw a lot of international interest, as wealthy investors from all corners of the world are turning to the UK to invest. Are you looking for economic and financial stability? Welcoming conditions for a business?  A strong educational system, and a way to diversify your portfolio? London ticks many boxes for the international and local super-rich.

The luxury property market in London has been raising many questions in recent days with fears over Mansion Tax and the potential market “bubble”. The property market moves in circles, and inevitably, there will be some better periods then others. However, how much longer could prime properties in London be rising in demand? And are we close to trouble?

For some buyers, the obvious global appeal of living in a well-run, financially connected city, with a good education for children and a convenient business atmosphere for parents attracts many high-net-worth individuals to relocate to London permanently. Within a region of £5 million, for example, one could get a magnificent mansion in a London suburb with convenient transport links for travel to Central London and the airport alike, good schools in the neighbourhood and a large garden for children to play in. Alternatively, for the same £5 million there is a choice of luxury apartments and penthouses in Prime Central London, with panoramic views of London’s best known parks, river or cityscape. 

For others, the London luxury property market provides a safe platform to invest in, in times of political and financial instability in their home country. The length and severity of global volatility over the past decade has encouraged ultra-high-net-worth individuals to hold on to this kind of safe assets for longer periods of time, with the prospect of property being used as a safe haven, if required. London is well suited for this purpose, with international money gradually flowing in. The conflicts in the Middle East, wealthy buyers from Ukraine, Russia and China, as well as European investors diversifying their portfolio, all prompted inflows of investment into London’s prime property market. 

Despite the signs of global conflicts and instability not reducing, the rich get richer. The most recent Wealth-X and UBS World Ultra Wealth Report shows that the global ultra high net worth (UHNW) population reached an all-time record high of 211,275. According to this data, the number of billionaires worldwide has increased by 6% over the 12 month period and many of them chose London as their main home, not to mention an investment ground. 

It is not impossible that for some time, demand for high-end London homes could be reduced as investors are seeking better returns. However, London remains the city where people want to do business, with uniquely appealing lifestyle to the globally rich, which will keep the prime London market on the rise in the long term.

Below we have sourced some examples of what £5,000,000 can get you in London.

You can always contact us by telephone on +44 (0)20 7907 1460 or via email to request detailed information about the properties, arrange a viewing, or ask questions.

 

West Heath Road, Hampstead, London, NW3   £5,000,000

Set within this secure exclusive block close to the Heath, this delightful interior designed four bedroom duplex apartment, offering 3,583 sq ft/ 333 sq m, arranged over the ground and first floor.

The ground floor offers a 30' drawing room which leads directly on to a beautiful 45' south facing private roof terrace, an elegant 22' dining room, a comprehensive Poggenpohl designed kitchen/breakfast room, and a custom designed stone staircase leading up to the first floor.

This level provides master bedroom with en-suite bathroom, dressing room and balcony, second suite with dressing room and bathroom, third bedroom suite, bedroom four/ tv room and utility room.

There is secure underground parking for two/three cars, half-day porterage and lift access to all floors.

 

Merano Residences, 30-34 Albert Embankment, Vauxhall, London, SE1   £5,000,000

A 3 double bedroom apartment on the 15th floor of Merano Residences, St James's prestigious new riverside development created by Rogers Stirk Harbour and Partners.

This spacious property comprises of 243 sq m of internal living space plus a further 37 sq m externally.

There is an open plan reception room, dining room and smart integrated kitchen all with direct views of the River Thames, including a stunning aspect towards the Houses of Parliament.

Additionally, there are 3 luxury en-suite bathrooms, a guest cloakroom, 2 balconies, a winter garden and good storage throughout.

Fashionably located on the South Bank of the river and within easy reach of Westminster, Chelsea and Knightsbridge, Merano Residences will also provide residents with a 24 hour concierge service, a shared external roof terrace also on level 14, a 24 hour concierge service and there will be an independently accessed office and café.

Transport links are excellent with easy access throughout London, by car, underground, bus or river taxi.

Merano Residences is only 5 minutes walk to Vauxhall Station with rail, tube and bus services. 

 

Harriet Walk, Lowndes Square, London, SW1X   £5,000,000

Boasting generous interiors and stylish contemporary décor throughout, this fabulous three bedroom mews house is arranged over five floors and is enviably located adjacent to the exclusive amenities of Sloane Street.

The property offers versatile accommodation with three floors of generous reception space, comprising a ground floor formal reception room, a stunning kitchen-dining room, and a large media room/playroom, all of which feature beautiful oak wood flooring.

The first floor master bedroom features a double height vaulted ceiling, a dressing area with extensive built in storage and a well proportioned en suite bathroom.

There are two further bedrooms with en suite shower rooms. It would be possible to reinstate a garage if required. (Approximate gross area - 2050 sq ft)

Harriet Walk is a quiet and charming mews which is tucked away behind Lowndes Square. Close to Hyde Park, the property is moments from all the restaurants, bars and world class shops that Knightsbridge and Sloane Street have to offer, including Harrods and Harvey Nichols.

Transport links include Knightsbridge and Sloane Square Underground Station (Piccadilly, Circle and District lines), and a wealth of regular bus services.

 

Park Road, London, NW8   £4,950,000

A very spacious, 3,500 sq ft front facing apartment on the 5th floor of this modern building is situated in St John's Wood, opposite Regents Park.

The apartment offers 6 bedrooms, 5 bathrooms, 2 underground parking spaces, as well as 24 hour porter and security.

 

View Road, London, N6   £5,000,000

Winner of the best Eco House Category in the International Design and Architecture Awards 2010, this three storey, four bedrooms, three bathrooms contemporary eco friendly house with private cedar terrace and rear decked capacious landscaped garden is surrounded by mature trees located in a tranquil setting.

The property oozes class, style and elegance.

The house also benefits from Vitra, Villeroy and Boch sanitary ware, fold back doors, ambient lighting, and exemplary green credentials.

 

Milnthorpe Road, Grove Park, London, W4   £5,000,000

This stunning seven bedroom detached house offers exceptional living and entertaining space over four floors,  and incorporates: seven generous bedrooms, fabulous entrance hall with beautiful winding staircase,  two large reception rooms, dining room with garden access, modern kitchen with integrated appliances, office,  swimming pool, pool house with shower room, stunning mature garden and large gated driveway.

This superb property is situated on a quiet road in the sought-after Grove Park area, offering easy access to local amenities and the wide choice of shops, bars and restaurants available on Chiswick High Road. 

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