Rat and Mouse
Borough of Wandsworth
Tue
25
Oct

He’s the Australian boiler room scam artist with properties all over Wimbledon… but the barely-begun super-mansion was to be the jewel in the crown. Now - with Jeffrey Revell-Reade serving time in prison - it’s a shell, without stairs, ceilings or floors - and it's to be sold, by order of a judge, to return funds to victims. it needs £1.5m spent to complete it, but should be worth around £6.5m when finished (not accounting for any Brexit-related property reversals). More here.

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Tue
26
Jul

A Wandsworth woman is taking Viridian Housing to court in an attempt to stop one of their tenants cooking spicy food. She’s complained the “pungent toxic fumes” are so strong in her own flat that she’s “choked in her sleep” and “staggered to her balcony gasping for air”. More here

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Tue
05
Apr

According to Knight Frank data shows Kensington prices down 6.8%, 4.9% in south Kensington and 2.5% in Chelsea across a year, and no sign yet of the winter/spring pick-up as bankers get a sense of bonus season. More here.

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Thu
17
Mar

The Battersea Power Station developer is seeking approval to reduce the number of top-end properties in the development and offer more smaller, less expensive homes… protecting the price per square foot… following a 19% slump in demand in the fourth quarter. More here.

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Thu
01
Oct

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It’s a flatshare in Clapham. Full story here.

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Fri
21
Aug

Enabling residents to swim from one tower to the next, 10 storeys about Battersea. 

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The exclusivity might be disappointing, but the ambition’s laudable. More here.

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Wed
19
Aug

According to this in the Independent, Battersea’s lost 10% in a year and investors in the power station redevelopment are becoming increasingly jittery as currency volatility and domestic economic problems are having an affect on the Malaysian and Singaporean investors who have fuelled the fire in the region. In Nine Elms, there’s talk of “flat flipping” before Asian investors start to pull out en masse. Read the full story, it’s interesting.

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Thu
23
Jul

It’s all happening in court. On the one hand.. a former Goldman Sachs partner, living yards away in a £10m mansion and the new owner of the freehold on the mews house, trying to kick his geriatric tenants out into the street after they’ve lived there for more than 50 years, enjoying reduced rental rates on a statutory tenancy. On the other, (apparent) video evidence that the elderly couple (a retired lawyer and his wife), have been living the high-life in their second home Dorking, while keeping the central London property on for jollies while it’s cheap. Ugly. And only in London. Full story here.

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Wed
08
Jul

It’s Flat 24, in the Royal Victoria Patriotic Building, Wandsworth Common. Four bedrooms, three bathrooms, off-street parking, games room and glorious vaulted ceilings have previously been enjoyed by Rudolph Hess (before the place was separated into flats) and a member of Duran Duran. More here (and note the picture caption, helpfully distinguishing Hess from Simon Le Bon). 

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Thu
12
Feb

Profits of up to £150,000 have been reported in the Telegraph, by investors selling flats in the upmarket and very long awaited development before they’ve been built. Properties appearing on the Chestertons website are priced at £865k after being reserved for £711k. There’s no suggestions of illegality - off-plan flipping has been an investment tactic for a very long time - but given pressures on London buyers and how long people have waited for this particular development to happen, any significant profiteering and price inflation at this stage will certainly be seen as unfortunate. More here.

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