In 2020, our homes became so much more than just a place to sleep. The result of the national lockdowns has been huge across the property market, with many prospective buyers seeking homes with surrounding natural beauty. According to the Knight Frank Prime Waterfront Index, the uplift in premium that a waterfront home can achieve is as much as 46% when compared with similar inland property. Far East Consortium’s new development, Aspen at Consort Place in Canary Wharf offers beautiful views of the river Thames. This is a development that not only offers excellent investment potential, but a desirable lifestyle, close to the riverside.
Canary Wharf is one of the most up and coming spots in London, with experts suggesting that the regional population is expected to grow by 15% over the next decade[1]. With its waterside location on London’s Docklands, and its rich maritime heritage, the district is firmly on the map. After all, Hong Kong’s Kowloon district, Sydney’s Darling Harbour area and Dubai’s Marina wharf share some striking similarities with Canary Wharf. Both domestic and international buyers who have either travelled to these dynamic waterside cities across the world, or have lived there themselves, can see many appealing similarities. The glittering waterside image complete with glamorous high-rise architecture is also an aesthetic to be desired.
This image in particular is often associated with an exciting and social lifestyle, which Aspen at Consort Place will offer once complete. Not only will public realm of the development at Consort Place itself provide a range of dining spots, but the wider destination of Canary Wharf is a cosmopolitan neighbourhood, with London’s third biggest shopping area and over 100 restaurants to enjoy.
In addition, living near the water holds many benefits to an individual’s health. It is known that being within close proximity to the water transforms our mind into a meditative state and floods the brain with feel-good hormones, becoming therapeutic. People who live by the water often tend to be more physically active, with walking and cycling being a great way to take in waterside views. Local residents can utilise the Thames Path for this, with 4.5 miles of glorious riverside from the Thames Flood Barrier to the stunning, historical area of Greenwich.
Aspen at Consort Place has developed this concept further still, as the building will provide a Wellness Suite on the 21st and 22nd floors – this will include a fitness gym with state-of-the-art equipment, sauna and steam room, changing rooms and a relaxing vitality pool to enjoy the surrounding views.
Angela Walsh, Sales & Marketing Director at Far East Consortium commented: “It is excellent to see a growing trend and desire to live close to the water across the UK property market, and we feel that Aspen at Consort Place meets all the criteria and more for these prospective buyers in the UK and beyond.
“Aspen at Consort Place is unrivalled in its location to Central London, with the impending Crossrail, Elizabeth Line and Thames Clipper being ideal modes of transportation. This is fast becoming a bustling and exciting part of London to live in, whilst simultaneously offering a moment of peace close to the river.”
Edward Robinson, Partner in the New Homes team at Knight Frank, said: “London’s riverside market continues to attract interest from buyers and investors all around the world. There is a huge range of choice across London and standards of finish are only increasing, but one best in class example has to be Aspen at Consort Place.
“We anticipate London’s riverside will remain popular with buyers for generations to come, thanks to the lifestyle and additional amenities a waterfront home offers – drivers that remain key for many buyers. The impact of Covid-19 has also increased the desire to be close to water. With more people spending increasing amounts of time at home, having access to exceptional water views and riverside walks certainly promotes positive health and wellbeing.”
[1] Business Matters Magazine; https://www.bmmagazine.co.uk/business/its-the-right-time-to-invest-in-real-estate-explore-property-in-canary-wharf/.
