Property

Has the regeneration of Elephant and Castle been a success?

It has been ten years since work began in earnest on the regeneration of one of the few surviving sections of old-school central London. While the rest of Zone 1 seemingly saw wall-to-wall gentrification, Elephant and Castle remained an outpost of stubborn, scruffy ordinariness, an oasis of discount stores, greasy spoons and traditional boozers. Over the past decade, billions of pounds have been lavished on sprucing up the Elephant. But while the old place certainly looks quite different – a cluster of new towers, thousands of new homes, a gaping hole where the 1960s shopping centre once stood – this is a regeneration that has had its fair share of troubles.

The invasion of the wheelie bins

Once I thought nothing could make residential Britain look uglier than pebble-dashing, PVC windows and satellite dishes. I was wrong. As if the country had not been brutally homogenised enough by the fact that every high street has the same shops, now every residential road is reduced to being an identical backdrop for a very persistent invader: the wheelie bin. Lined up like Daleks, they are breeding in my North London neighbourhood, blocking front gardens and pavements. Outside houses split into flats, where each has its own set, there are actual crowds of these 4.5ft graceless plastic buckets, which come in multiple colours for different sorts of rubbish. When wheelie bins first

Home truths: the crushing reality of the mortgage crisis

In December Jeremy Hunt hosted a mortgage summit, attended by lenders and the Financial Conduct Authority, to discuss rate woes. At the time, the numbers were at least moving in the right direction. During Liz Truss’s 49-day premiership, the FCA expected interest rates to rise to 5.5 per cent, an increase which was forecast to put 570,000 people into mortgage payment difficulty. Once Rishi Sunak and Hunt undid Truss’s mini-Budget, things looked calmer: a 4.5 per cent peak was expected, and 356,000 people were due to be in difficulty. Hunt was still struck by the figure. Horribly high, he thought. The Chancellor used the meeting to lay the foundation for

Whose job is it to keep airport e-gates open?

Do you hate airport e-gates? Me too. The instructions are poor, the facial recognition frequently fails and the ‘Don’t abuse our staff’ posters tell you you’re trapped in a system that’s bound to annoy. Last Saturday it went from bad to worse, when all 270 e-gates at UK entry points stopped working. ‘A technical nationwide border system issue’, the Home Office called it. But I think we should know who’s responsible – and a Hollywood-hacker-style trawl has led me to a 2021 report by David Neal, ‘independent chief inspector of borders and immigration’. Neal reveals that a single-supplier contract for UK e-gates was awarded in 2013, until 2023-24, to a

How to join the beach hut brigade

They are expensive to maintain, plagued by tourists and influences seeking picture-postcard holiday snaps and cost more per square foot than houses in some of London’s most affluent neighbourhoods – despite lacking basic amenities such as running water. And yet such is the allure of the traditional seaside beach hut that, amid an otherwise shaky housing market, prices for these modest timber shacks just keep rising.  According to research by Moverly, which provides digital home information packs, the average asking price of a beach hut in England stands at £49,290 – up 43 per cent in the past year. In Dorset prices are up 101 per cent to more than

The inconvenient truth about heat pumps

In Britain’s battle to cut carbon emissions, the government sees heat pumps as a key weapon. Unveiling the latest energy efficiency plan in March, energy secretary Grant Shapps doubled down on Boris Johnson’s offer of a £5,000 grant for anyone willing to install one. These smart bits of home technology work by transferring thermal energy from the air, ground or water. They are powered by electricity, which can be generated from solar or wind power, providing cheap and fossil fuel-free heating and hot water. So what’s not to like? The concept is nothing new. In 1856 the Austrian scientist Peter von Rittinger worked out a technique for drying out salt in salt marshes using an

Blooming expensive: the growing cost of a garden

As Cicero is often (mis)quoted as saying, if you have a garden and a library, that is all you need. And since the pandemic, our love of a garden has only got greater. Yet these days it’s often less about getting your hands dirty in the flowerbeds and more about having somewhere to kick back and enjoy a good book or drink rosé with friends. But while visitors are swooning over raised beds and begonias at the RHS Chelsea Flower Show this week, the price of having a garden of one’s own is higher than ever – especially if you want a generous one. According to the latest research by

Why house-hunters are heading to Derbyshire

You don’t get much further from the seaside than Derbyshire, a county landlocked at the heart of England. During lockdowns house-hunters simply couldn’t get enough of coastal property, and prices in Wales and the West Country boomed. But three years after the start of the pandemic, a new property powerhouse is emerging.  According to the latest UK House Price Index, prices in North East Derbyshire are up by almost 20 per cent year on year, to £259,000. Across the way, prices in the Derbyshire Dales are up 18 per cent year on year, to an average of £362,000. This performance would be impressive in a strong economy, never mind against the backdrop of rising interest rates and

The Eurovision effect: how Liverpool is changing its tune

Few British cities can rival the musical heritage of Liverpool – and as the Eurovision Song Contest arrives back in the UK after 25 years, Merseyside is getting ready for its moment in the spotlight. An extra 150,000 visitors are expected to descend on the city for the sell-out event this weekend. While the world’s eyes will be on the M&S Bank Arena for Saturday’s final, the Liverpool area will enjoy a whole week of club nights, raves, live screenings, concerts and after-parties. But it’s not just Eurovision that’s bringing a buzz to the UK’s fifth largest city: hot on the heels of that will be the relaunch of the

Why I’ve sacked my estate agent

The estate agent flashed a sarcastic smile and said it wasn’t so much that the market was in a bad place, rather that my property got so much ‘negative feedback’. I stared back at her, fuming. I had popped into the offices of this agency to ask for my key back, which I forgot to do last year when I gave up on them being able to sell my house. This summer, I’ve given it to a friend at a smaller agency, hoping he does a better job than the city slickers at this well-known outfit where they all shout ‘Rah-de-blah-de-rah-de-blah!’ no matter what I say to them. Miss Smarty

For sale: Jane Austen’s birthplace

‘There is nothing like staying at home for real comfort,’ wrote the eminently quotable Jane Austen in Emma, in 1815. ‘Nobody can be more devoted to home than I am.’   If the incomparable Regency writer and social critic could see Steventon House, on the site of her birthplace and childhood home in Hampshire, she would doubtless approve. Although it’s not quite on the scale of the manicured estates that feature so largely in her property-obsessed novels, the Grade II listed 1820s home is all Georgian elegance, with 7,000 sq ft of living space, beautifully proportioned high-ceilinged receptions and fine period features including decorative fireplaces, cornicing, and working shutters.   The six-bed

Mean streets: the psychology of neighbour disputes

Eunice Day’s breaking point came when her neighbours asked if she would move her car from a communal grass verge in their cul-de-sac so that it could be mowed. After several weeks of polite hostilities, Day stormed a neighbour’s home in the Dorset town of Ferndown, a row ensued, and the resulting scuffle left the 81-year-old in court charged with assault. In Bedminster, Bristol, fed-up locals have taken a more passive-aggressive approach to ‘outsiders’ parking on their streets. Suburban vigilantes have been creeping out and sellotaping notes to windscreens urging their owners to park outside their own homes instead. Over in the village of Polstead, Suffolk, meanwhile, one couple are

How padel courts became hot property

Peloton has peaked and troughed, wild swimming has made its splash – and now, it seems, it’s padel’s turn for the prime spot. Said to be the world’s fastest-growing racket sport, the game – a hybrid of tennis and squash, with a dash of ping pong – is fun and sociable (it’s played in doubles) and has been adopted by around 25 million people worldwide. Easy to get good at quite quickly, it’s also apparently the ‘new golf’ among retired footballers – David Beckham is a fan.  ‘Padel has become an obsession in the shires… a padel court is the latest must-have in country houses’ Across the UK, any sports

Home is where the art is: inside J.M.W Turner’s last house

Joseph Mallord William Turner continues to occupy a singular place in British cultural consciousness. The English Romantic artist, watercolourist and printmaker – often referred to as ‘the painter of light’ – elevated landscape painting to high art and, when he died in 1851, left a legacy of 550 oil paintings, 2,000 watercolours and 30,000 works on paper. When one of these surfaces at auction, it sells for tens of millions of pounds. However, most of his works – with the power of nature, the sea and the industrial revolution as central themes – were bequeathed to the nation. A collection of 300 oil paintings in the Clore Gallery, at Tate

Why developers deserve to pay for the cladding crisis

In recent months, Michael Gove has been upsetting not only the house-building industry but its defenders, too. The Levelling-up Secretary has been accused of ‘blackmail’ by online newspaper Cap X, which compared his actions to ‘Putin’s Russia or Erdogan’s Turkey’. The Telegraph mocked him up on a wrecking ball Miley Cyrus-style, and several trade press articles have accused him of ‘declaring war’ on the industry. The reason? Gove has ordered housing developers to pay for ‘life safety’ remediation measures on blocks they built, which have been found to have serious fire safety defects in the aftermath of the 2017 Grenfell Tower fire – regardless of whether they were to blame

Would you pay £24,000 for a fridge?

At the start of this month, the modish kitchen appliance brand Sub-Zero & Wolf proudly announced the launch of its Classic French Door fridge-freezer. This beast of a machine, featuring Nasa-inspired air purification technology and an automatic ice-maker complete with ‘party mode’, will set you back £23,868 ­– or the best part of a year’s salary for the average UK worker. Admittedly it does look like an impressive piece of kit, what with its nano-coated glass shelves which stop spills from spreading, crisper drawers with humidity levels designed to keep food fresher for longer and shadow-reducing interior lights. And the kind of people who truly care about having a Sub-Zero & Wolf insignia

How ‘DFLs’ saved St Leonards

Almost 30 years ago, my journalistic career began in the faded seaside town of St Leonards-on-Sea, where I spent six months undertaking a crash course in shorthand, typing and all the basic skills of local paper reportage. With no previous experience of just how dismal an out-of-season holiday town could be, my spirits were high on the trip down the A21 – an extended coastal sojourn sounded like fun. The reality of St Leonards in the early 1990s brought me back down to earth with a bump. This once splendid Regency resort – created by the team which had designed London’s Bloomsbury and Regent’s Park – was a wasteland.  Its white

The Norfolk manor house that inspired Virginia Woolf

Many English country houses lay claim to literary legacies. Blo Norton Hall, however, has more right than most. In the summer of 1906, while in her early twenties, Virginia Woolf rented the Elizabethan Norfolk manor house with her older sister, artist Vanessa. The seven-mile journey there from Diss station, through isolated countryside, and their arrival at the secluded, moated site made a deep impression on Woolf. She wrote in her diary: ‘Every mile seemed to draw a thicker curtain than the last between you and the world. So that finally, when you are set down at the Hall, no sound whatever reaches your ear; the very light seems to filter

Gorgeous Georgians: the timeless appeal of Regency properties

In the early years of the 19th century, the extravagant, spoiled and hard-partying Prince Regent had a surprisingly good idea. Encouraged by pals like Beau Brummell, and with the financial backing of the property developer James Burton, the future King George IV hired the architect John Nash to design a new London neighbourhood. His vision was for a series of magnificent streets, many in terraces styled like modern sugar-coated palaces, on Crown-owned land just north of central London. These ‘Regency’ homes would encircle a brand new park which, modestly, the future King would name after himself. The first major Regency streets – including Cornwall Terrace (which was designed by an original nepo baby, Decimus Burton, son

The death of the landlord

Spring is property auction season, when a motley collection of semi-derelict houses, flats with leases in the single figures and the homes of mortgage defaulters get sold off. This year, though, a scan of the catalogues of some of the UK’s leading property auction houses reveals a new class of property under the hammer: rental flats. Under pressure from rising interest rates and increasing regulation, many landlords are opting for an exit strategy. According to recent research from estate agent Hamptons, Britain’s rental sector is losing homes at a rate of 66 per day. Agents across the country report an influx of instructions from small-time landlords who’ve decided to invest elsewhere.