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This £595k water tower is the most popular home for sale on Rightmove

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A water tower in Leicestershire transformed into an award-winning three-bedroom home was the most viewed property for sale on listing website Rightmove in January. 

This unusual luxury property, with a price tag of £595,000, has a glass floor in the kitchen that reveals original cast iron pipework used to drain the water tank when it was in operation. 

The Grade II-listed tower dates back to 1853 and features a distinctive roof with a brick balustrade, a curved glass modern extension, and commanding views over the market town of Ashby-de-la-Zouch.

The former water tank in Ashby-de-la-Zouch, in Leicestershire was the most viewed home for sale on property website Rightmove

The former water tank in Ashby-de-la-Zouch, in Leicestershire was the most viewed home for sale on property website Rightmove

A circular section of the kitchen floor is glass, revealing below the water tower's original pipework

A circular section of the kitchen floor is glass, revealing below the water tower’s original pipework

Tim Bannister, of Rightmove, said: ‘It’s always fun to showcase quirky properties that stand out from the crowd and this converted water tower certainly falls into that category.

‘You don’t need to be a property expert to see why it’s garnered so much attention from the British public – it’s a fantastic example of how innovative architecture can really reenergise and transform a period property.’

The property won a Local Authority Building Control (LABC) award in 2016 for best conversion. 

The conversion has seen the tower extended on the south and western sides, including curved glass windows in the living area on the ground floor and in the bedroom on the floor above. 

The former water tank in Leicestershire is an award-winning home

The kitchen floor reveals the original cast iron pipework.

The former water tank in Leicestershire is an award-winning home, with a kitchen floor that reveals the original cast iron pipework

The converted water tower now has a modern kitchen with white cabinets and integrated appliances

The converted water tower now has a modern kitchen with white cabinets and integrated appliances

Making a dramatic statement: There is full height curved glass windows in the living room

Making a dramatic statement: There is full height curved glass windows in the living room

One of the three bedrooms includes a mezzanine area with a designer bathroom on show

One of the three bedrooms includes a mezzanine area with a designer bathroom on show

A cantilevered oak staircase with glazed balustrade leads to the mezzanine bathroom area

A cantilevered oak staircase with glazed balustrade leads to the mezzanine bathroom area

The bathroom area includes a double-ended bath with a freestanding mixer tap and a walk-in shower

The bathroom area includes a double-ended bath with a freestanding mixer tap and a walk-in shower

The conversion was completed in 2016, with the finished property spread across three floors, with views across Ashby-de-la-Zouch. From the hallway, a pair of bespoke American oak doors open into the kitchen and dining area.

There is exposed original brickwork and stonework contrasting with high-gloss units. Within the kitchen’s limestone floor, there is a toughened glass panel, below which is a shallow brick-lined chamber that is lit and houses the retained water valve with the maker’s name. 

A folding loft access ladder leads up into the tower’s former tank, which provides a useful storage area but could be used as a gym or studio, subject to planning consents.

An access hatch leads onto the roof, which has a brick balustrade and far-reaching views. Outside of the house, there is a garden with a lawn area, mature hedging and walls marking the boundaries. 

Ben Longstaff, of estate agents Fisher German, which is handling the sale – told MailOnline Property that the current owners developed the property and their son now lives in it.

Mr Longstaff added: ‘The family are the developers and they went to great lengths to retain some of the original features, which they could have easily covered up. It makes the building stand out and fascinating to be in.

‘It feels like a high-end hotel that has been presented to a very high standard.’ 

Outside, there is a garden with a lawn area, mature hedging and walls marking the boundaries

Outside, there is a garden with a lawn area, mature hedging and walls marking the boundaries

Enjoy the view of the countryside: The curved glass windows continue upstairs in this bedroom

Enjoy the view of the countryside: The curved glass windows continue upstairs in this bedroom

Making an entrance: A pair of bespoke American oak doors open into the main living area

Making an entrance: A pair of bespoke American oak doors open into the main living area

The average price of a property in Ashby-de-la-Zouch, Leicestershire, is £298,913, which is just shy of the £316,516 typical value of a home in Britain, according to Zoopla.

Ashby-de-la-Zouch had good access to the A50 and M1. Birmingham, Derby, Leicester and Nottingham are all within striking distance.

The main line railway stations of East Midlands Parkway and Tamworth provide services to London St Pancras and Euston respectively.

This bedroom has an arrow slit window with dressed stone surround, which provides a countryside view

This bedroom has an arrow slit window with dressed stone surround, which provides a countryside view

The unique property is currently on the market for £595,000 via estate agents Fisher German

The unique property is currently on the market for £595,000 via estate agents Fisher German

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Homes near Elizabeth Line see asking prices double in a decade

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Asking prices for properties for sale near stations on London‘s new Elizabeth Line have more than doubled in a decade, new research has revealed.

Many areas near stations on the capital’s new high-speed line were previously less well connected to key commuter hubs, such as Liverpool Street or Paddington stations.

But they have seen a surge in property asking prices amid new interest from homebuyers and tenants due to the better transport links that the Elizabeth Line provides.

REVEALED: The asking price hotspots around the new Elizabeth Line stations

REVEALED: The asking price hotspots around the new Elizabeth Line stations

Elizabeth Line hotspots: This two-bed flat in London's Windmill lane is o.2 miles from Maryland station and is for sale for £395,000 via Filtons estate agents

Elizabeth Line hotspots: This two-bed flat in London’s Windmill lane is o.2 miles from Maryland station and is for sale for £395,000 via Filtons estate agents

The new figures from Rightmove revealed the extent to which asking prices have risen in local areas around Maryland, Abbey Wood and Stratford stations.

Maryland Station in Newham, which provides an additional option for those commuting near well-connected Stratford, has seen the biggest jump in asking prices.

They have more than doubled compared to ten years ago, rising 108 per cent from £233,480 to £486,235.

This compares to the London average increase over the past ten years of 55 per cent.

About half a mile from Abbey Wood station is this two-bed flat for sale for £235,000 via Your Move estate agents

About half a mile from Abbey Wood station is this two-bed flat for sale for £235,000 via Your Move estate agents

Rightmove has identified the asking price hotspots around the new Elizabeth Line stations

Rightmove has identified the asking price hotspots around the new Elizabeth Line stations

Meanwhile, Rightmove revealed that total buyer demand has risen the most in western areas, while prices and competition has risen most in eastern areas.

Twyford, at the end of the western section of the line and the next stop along from Reading, has seen the biggest jump in the number of buyers contracting estate agents.

Numbers have more than tripled compared to 10 years ago, up 245 per cent.

Those looking to buy near Abbey Wood station, at the end of the South East section of the line, face the stiffest competition from other buyers.

Competition in that area has soared more than nine times and is up 869 per cent.

Rightmove has identified buyer demand hotspots around the new Elizabeth Line stations

Rightmove has identified buyer demand hotspots around the new Elizabeth Line stations

The increase in buyer competition compared to ten years ago around the new Elizabeth Line has been revealed

The increase in buyer competition compared to ten years ago around the new Elizabeth Line has been revealed

Near Custom House station: This two-bed house is for rent for £1,700 a month via Outlook lettings agents

Near Custom House station: This two-bed house is for rent for £1,700 a month via Outlook lettings agents

The rental hotspots along the new Elizabeth Line station have been revealed

The rental hotspots along the new Elizabeth Line station have been revealed

It is a similar story along the Elizabeth line for tenants as many look to balance their commute into London with where they can afford to rent.

Average rents in London have reached a new record of £2,195 a month, up 14 per cent compared to this time last year.

Southall has seen the biggest increase in the number of tenants contacting letting agents compared to ten years ago, more than quadrupling, up 372 per cent.

However, asking rents near Southall station are lower than nearby Hanwell or Ealing.

Asking rents have increased the most in western stations Slough, up 44 per cent, and Burnham, up 43 per cent, while those looking to rent near Custom House station face the most competition from other tenants.

Slough is among the asking rent hotspots along the new Elizabeth Line stations, with the average asking rent up 44 per cent during the past ten years

Slough is among the asking rent hotspots along the new Elizabeth Line stations, with the average asking rent up 44 per cent during the past ten years

One of the new stations built for the Elizabeth Line - Custom House - has seen competition increase 3270 per cent compared to ten years ago

One of the new stations built for the Elizabeth Line – Custom House – has seen competition increase 3270 per cent compared to ten years ago

Custom House, one of the new stations built for the Elizabeth Line and benefitting from significantly lower travel times into Central London, has seen competition increase by a staggering 33 times, up 3270 per cent compared to ten years ago.

Tim Bannister, of Rightmove, said: ‘As the Elizabeth Line opens, it does so with a backdrop of record rents in London, a rising cost of living and a shortage of available homes.

‘Areas further out from central London that have lower asking prices or rents, but are now more easily commutable will be attractive to new buyers and tenants in search of somewhere affordable to live near the capital.

‘Not only this, but new working from home patterns since the pandemic started two years ago will have many people weighing up whether they are prepared to commute from further away if they need to do so less often.’

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National Maternity Hospital decision is a welcome sign of the Government’s backbone

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The Government’s decision to proceed with the building of the new National Maternity Hospital is a welcome sign that the Taoiseach and his Ministers are willing to face up to the Opposition, the social media mob and assorted objectors on an issue of major national importance.

One of the weaknesses of the Coalition since it took office in June 2020 has been a tendency to run scared in the face of contrived outrage, usually fomented by a combination of Opposition politicians and vested interests, often mistakenly portrayed as representing public opinion.

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URW rolls out Westfield brand to three new destinations

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Unibail-Rodamco-Westfield (URW) unveiled plans to rebrand three flagship centres, rolling out the Westfield brand to Parquesur in Madrid, Taby Centrum in Stockholm, and Galeria Mokotow in Warsaw this fall. The rebranding continues the expansion of the Westfield brand in Europe as the company drives new revenues through media advertising and brand experiences, turning its huge footfall of 550 million visits across its European assets into a qualified audience, while also leveraging the Westfield brand’s significant value to retailers, who see over 20%2 higher sales at URW’s centres even when compared to other A-category malls.

 

The flagship destinations share a number of characteristics in addition to being among the most important retail centres in their respective markets: they are set in excellent locations with unrivalled transport options, have distinctive architectural and design features and a best-in-class approach in terms of customer experience, community engagement, and sustainability practices. To celebrate the launch of the Westfield brand at these assets, each destination will host festive consumer events which will be announced later this year.

 

Caroline Puechoultres, Chief Customer Officer of URW, said: “The rebranding of these centres continues our strategy to expand Westfield to Flagship European destinations in the wealthiest cities and catchment areas. The significant opportunity afforded to both retailers and brands by this increasingly digitally linked network of destinations is unparalleled – through Westfield our partners can reach tens of millions of European consumers, driving new possibilities in advertising, brand marketing and retail.”

 

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