Undecided about investing right now? Find out why Maida Vale offers a solid prospect
Set at the meeting point of Maida Vale, Little Venice and St John’s Wood is Lyons Place, a boutique development by Almacantar, offering a prime opportunity for investment in the capital.
Lyons Place is a collection of contemporary, finely crafted homes comprised of apartments, penthouses, and three-storey townhouses – with just one one-bedroom apartment remaining in the scheme. The apartment offers spacious open-plan living, benefits from two private balconies, and provides a fantastic prospect for individuals looking for a city bolthole, a buy-to-let, or those wanting to invest in a highly regarded development in a burgeoning area of London. Recently cited by Liam Bailey, Knight Frank’s Global Head of Research, as an area providing a solid investment prospect, Maida Vale was highlighted in the agent’s 2020 Wealth Report as a neighbourhood to watch: establishing it as an area “rich in potential” over the next five years.
The Residences
Lyons Place is the work of renowned architect and long-term local resident Sir Terry Farrell. Showcasing the postmodernist architect’s famously bold style, the development undoubtedly offers more character than other schemes currently on the market.
Inside the apartments, the open-plan kitchen, dining and living room maximises the sq. footage and is ideal for entertaining, whilst the full height windows offer impressive views and generous natural light throughout. The bedrooms are well sized, offer built-in storage and are decorated in soft, muted tones to create a calming environment.
The development itself is built around a landscaped courtyard, featuring seating, planting, and living green walls. The thoughtfully curated planting has created a peaceful oasis which changes with the seasons, offering a varied landscape and year-round interest from wildlife.
The Investment
Undecided about investing right now? Area Director at London estate agent Douglas & Gordon, Warren McCann, is confident in the market: “The pent-up demand from the previous five years, caused by a number of external factors including Brexit, is starting to be realised. Across sales and lettings, we’re seeing a surge in people returning to the city – and in fact, in the past four weeks, we’ve seen the highest demand for lettings since I started working in property over 15 years ago, and this is only expected to increase. Our brokers are also reporting on incredibly competitive mortgage rates for buy-to-lets – for example, a buyer with a 40% deposit can currently get a two-year fixed rate at 0.86%, which is hard to resist.”
Dawid Dziegielewski, Sales Manager at Lyons Place, says: “What’s clear from my conversations with investors is that they remain confident in the long-term draw of a Zone 1 location in securing tenants: London is one of the greatest cities on earth, and its attraction is enduring. What investors are looking for are properties that stand out within this market. One of Lyons Place’s greatest USPs is that every apartment has a private outdoor space – now a “must have” feature for both owner-occupiers and renters – and something that many central schemes simply don’t offer. This outdoor space has been the clinch point in quite a few of our sales, and it continues to come up almost daily in conversations with potential buyers.”
The Location
Proudly located in NW8, Lyons Place sits on the doorstep of two of London’s largest Royal Parks and the village-like areas of Little Venice and St John’s Wood, whilst also benefiting from being within easy reach of the City of London.
The development’s proximity to five tube and train stations promises an easy commute into central London, the City and Canary Wharf. Travel times are also only set to improve, with the Elizabeth Line (Crossrail) servicing nearby Paddington Station, which will cut journey times to Heathrow, Liverpool Street, Canary Wharf and beyond when it opens early next year – getting you to Liverpool Street in 10 minutes and Canary Wharf in 17 minutes.
Hyde Park and Regent’s Park are nearby and offer an escape from city life – as do the local canal paths which meander through Maida Vale and into trendy Notting Hill. Just around the corner from Lyons Place is St John’s Wood High Street, which captures the area’s desirability with its array of boutique shops, premium brands, delis and restaurants, and Lord’s Cricket Ground, fondly known as the “home of cricket”, is close by too.
For students, London’s world-class education system is easily accessible – with UCL, Regent’s University, London Business School, and The American School in London on your doorstep.
Lyons Place is ideal for homebuyers and investors alike, offering a quiet lifestyle in a coveted Zone 1 location, only moments from the heart of a city which was cited as the leader, alongside New York, for 2021 “wealth, investment, business and innovation” in this year’s Knight Frank Wealth Report.
To register your interest or to arrange a viewing, contact Sales Manager Dawid Dziegielewski at 020 7535 3948; dawid.dziegielewski@almacantar.com. www.lyonsplace.co.uk