London Riverside Apartments Proving Perfect Pied-à-Terres

Following an extended period of political and economic uncertainty across the country, the central London property market has undergone a ‘correction’ that has seen values drop by up to 25% according to the Office for National Statistics. This has led to an adjustment in the pricing and presentation of homes up for sale that, according to prime London estate agents Anderson Rose, could present the perfect opportunity to secure a statement home by the river.

Market Correction Opens Opportunities for Thames Homes

Whilst views onto water or a prime riverside location can add a premium of c.20% to a property’s value, Robin Chalk, Head of Tower Bridge at Anderson Rose, believes now is the best time to bag a dream home by the River Thames:

“There is exceptional value available currently and some excellent opportunities, when you consider what some central London homes could have previously sold for. It would be wrong to fixate on trying to secure something at the absolute cheapest price or bottom of the market - the second we call the bottom of the market, you will already have missed it – so, now really is the time go for that dream home.

“Costs have risen, budgets have been squeezed or simply down-graded, as political/economic uncertainty continues, and the appeal of the more accessibly priced property has grown, both for first time buyers and pied-à-terre buyers. There are some fantastic opportunities for those looking for their first home in central London or that require a comfortable pad in a statement address.”

For those looking to invest in a pied-à-terre, Anderson Rose has identified three properties in prime riverside locations offering the opportunity to own a spectacular home by the river.

Three Prime Riverside Properties on the Market

Providence Square, Bermondsey – £775,000

Providence Square occupies a highly sought-after stretch of the River Thames with spectacular views onto the water and onto Tower Bridge. Famous for its beautiful landscaped Asian water gardens surrounded by a moat, Providence Square is a secure, gated development, with a 24-hour concierge and security team, well-equipped residents' gym, plus a sauna, and secure gated parking garage in the basement.

Situated on a high floor, the two-bedroom corner apartment is blissfully peaceful and provides exceptional views onto the river and across to Tower Bridge and Canary Wharf to the east. Benefitting from dual aspects, the apartment is filled with natural light, spacious interiors and a large private covered balcony.

Internally the apartment is excellently appointed with two double bedrooms, two bathrooms, a good-sized bright living room, modern fitted kitchen with integrated appliances, a dining area and direct access to the private balcony.

Mill Street, London, SE1 – £700,000

Occupying the second floor of the sought-after Vogans Mill Wharf is a superb two-bedroom apartment in excellent condition throughout offering spacious, versatile living.

Vogans Mill Wharf is a premium dockside residence next to the Shad Thames riverside and Tower Bridge. Residents benefit from a 24-hour concierge and an allocated parking space in the car park directly beneath the building.

The apartment is spacious and benefits from large, double-glazed windows and a private balcony running the width of the apartment overlooking the tranquil gardens below. The reception room has a modern, open plan fitted kitchen for versatile living and all rooms are of an excellent size, including two full bathrooms. Residents also have use of the stunning roof terrace with river views and of the nearby Shard as well as two peaceful courtyard gardens.

Vogans Mill Wharf is a short walk from London Bridge stations, Borough Market, Bermondsey St and Maltby St Food Market. Located a short walk from the City of London just across Tower Bridge.

Crown Square, One Tower Bridge – £675,000

Located within the prestigious riverside One Tower Bridge complex with luxury hotel-style facilities, this stunning apartment faces south over the fountains and opens onto a private terrace.

This high-specification apartment is not only located in the most desirable residential development on the Tower Bridge waterfront, but it is in Blenheim House which is the premium building within the complex. The best materials have been used to make this a truly wonderful living space.

Alongside the incredible living space on offer at the Penthouse at One Tower Bridge, residents will also benefit from direct access to world class private amenities. These include a concierge service, fitness suite, spa pool and business lounge. The development also houses some excellent restaurants within the complex such as The Ivy, The Coal Shed and the Michelin-starred Gunpowder. Alongside this, residents can enjoy the restaurants and amenities along the waterfront of More London and Shad Thames at their fingertips.