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Tiny home in Hackney is up for sale for £1.3m

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Is this the most expensive tiny house for sale in Britain? Family home in Hackney is less than THREE yards wide and is listed for £1.3m

  • Tiny house for sale measures less than three metres wide, two bedrooms and is for sale for £1.3m
  • Property is in London’s fashionable Hackney and extends across four floors, with a bathroom in the basement 
  • Included in the price of the East London end of terrace is a south-facing garden and off-street parking

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It measures less than three metres wide, meaning it takes just a few steps to cross from one side of the house to the other.

And yet it is accompanied by quite a lengthy price tag, as it is on the market for £1.3million – a massive four times the average value of a home in Britain.

The property in London is an end of terrace family abode that extends across four levels, with a bedroom on each of the top two levels.

This end of terrace property in East London's fashionable Hackney is for sale for £1.3million via Dexters estate agents

This end of terrace property in East London’s fashionable Hackney is for sale for £1.3million via Dexters estate agents

The house is less than three metres wide and comes with a kitchen and separate living room on the main ground level

The house is less than three metres wide and comes with a kitchen and separate living room on the main ground level

There is a also a compact kitchen and a separate living room on the ground floor with a modern bathroom in the basement.

At its widest point on the first floor, the width of the house is just 2.72 metres, which is less than the width of some carriages on the London Underground.

In total, the property has 83.2 square metres of space, which is the equivalent of 895 square feet.

It boasts a south-facing garden that has a narrow but lawn area, as well as highly desirable off-street parking.

The property extends across four storeys and has 83.2 square metres of space, which is the equivalent of 895 square feet

The property extends across four storeys and has 83.2 square metres of space, which is the equivalent of 895 square feet

The family home is on Richmond Road in Hackney, which is a fashionable part of East London and close to several stations

The family home is on Richmond Road in Hackney, which is a fashionable part of East London and close to several stations

There are two double bedrooms, with this one including wooden floors, a large sash window and a working space

There are two double bedrooms, with this one including wooden floors, a large sash window and a working space

It is being sold by Dexters estate agents, which describes the property as ‘truly unique’ and in ‘one of the most exciting areas of London’.

It is on Richmond Road in East London’s fashionable Hackney, which has plenty of open green spaces as well as a lively bar and restaurant scene.

It is a two minute walk from London Fields, close to Broadway Market and less than a mile from Dalston Junction and Hackney Downs overground stations.

The average price of a property sold in Hackney in the past year is £701,333, according to property website Zoopla.

It is more than double the average value of a home sold in Britain during the same period, which stands at £326,176.

The interior design includes this staircase positioned at an angle to make the most of the restricted width of the property

The interior design includes this staircase positioned at an angle to make the most of the restricted width of the property

The living room has plenty of light, with large glass doors spanning the width of the property that open out onto the garden

The living room has plenty of light, with large glass doors spanning the width of the property that open out onto the garden

The garden space has a narrow but long lawn area, edged with boarders that includes some planting and mature trees

The garden space has a narrow but long lawn area, edged with boarders that includes some planting and mature trees

The living room has glass windows at either end and space for a sofa and chairs when entertaining friends and family

The living room has glass windows at either end and space for a sofa and chairs when entertaining friends and family

At the end of the garden, there is a dedicated outside dining area that can be enjoyed during the sunny summer months

At the end of the garden, there is a dedicated outside dining area that can be enjoyed during the sunny summer months

Daniel Copley, of Zoopla, said: ‘This one of a kind converted coach houses benefits from an enviable location right on the doorstep of Broadway Market, London Fields Lido and Dalston’s bustling nightlife. 

‘The property itself has a bright and airy interior with the showstopper undoubtedly being the bespoke steel and timber staircase which connects the property’s four floors.’ 

The modern bathroom has a white suite, with matching walls and a grey floor with a bath tub in the centre of the space

The modern bathroom has a white suite, with matching walls and a grey floor with a bath tub in the centre of the space

The London property has been extended at the rear to include a living room that overlooks the private outdoor space

The London property has been extended at the rear to include a living room that overlooks the private outdoor space

There is a child's bedroom that features wooden flooring, a large sash window, painted brickwork and a bookcase

There is a child’s bedroom that features wooden flooring, a large sash window, painted brickwork and a bookcase

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Verdion starts on logistics development in Nettetal (DE)

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Verdion has started the development of a new €30m logistics facility on the outskirts of Nettetal near the German-Dutch border and Rhine-Ruhr metropolitan region. The speculative project is part of the value-add strategy of the Verdion European Logistics Fund (VELF) 1, which invests in last-mile logistics and value-add assets in northern and central Europe.

 

On completion in Q2 2023, the new facility at Herrenpfad-Sud 40 will offer 21,560m² of Grade A logistics space in up to four units, with 18,575m² of warehousing with 20 loading bays as well as 950m² of office and mezzanine space.

 

Verdion is targeting a DGNB Gold sustainability certificate for the highly energy-efficient building, which will not be using fossil fuels as a primary energy source and provides charging points for electric vehicles and cycle parking for a carbon-neutral commute. Additionally, the roof and electrical infrastructure will be prepared for solar energy generation. The site itself is located in the established Herrenpfad Sud industrial estate in Nettetal between Monchengladbach and Venlo, directly on the German-Dutch border and within striking distance of Germany’s largest conurbation, the Rhine-Ruhr metropolitan region.

 

Florian Stobe, Head of Investment – Germany at Verdion, said: “Within the framework of Verdion’s sustainability strategy, we determined that rather than modernising and extending the existing building as originally planned, a full-scale redevelopment would better serve this market and meet the fund’s ESG standards. We are already seeing a great deal of interest in the new space, based on its strategic location and the strength of demand for last-mile distribution space for customers in the Rhine-Ruhr metropolitan region. With this strategy in Nettetal and other assets in the VELF 1 fund coming forward, we are creating value at the same time as providing new space in undersupplied markets.”

 

 

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LaSalle and Accumulata to develop Munich’s first hybrid timber office building (GB)

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LaSalle Investment Management, acting in collaboration with ACCUMULATA Real Estate Group, will develop Munich’s first hybrid timber office building. The building is being constructed on behalf of Encore+, LaSalle’s flagship pan-European fund. Situated on Elsenheimerstrasse in the city’s Westend district, the office building will have a floor area of approximately 16,000m². With dismantling of the existing building on site already underway and construction due to begin in the third quarter of this year, the project is scheduled for completion during the first quarter of 2024. Lettings are already being marketed in collaboration with CBRE, the lead estate agent.

 

Designed by the leading Munich-based architectural firm Oliv Architekten, the asset will provide flexible, multifunctional spaces including a ground-floor café/bistro and landscaped roof terrace, as well as various wellness amenities, including a yoga studio and a relaxation lounge. Tenants will also enjoy bicycle parking, electric charging points and a smart underground car parking facility. Furthermore, the building will provide customisable office units and creative collaboration spaces, ensuring the asset is well-positioned for the future.

 

In terms of its environmental credentials, the project meets the highest sustainability standards across all areas, including construction, materials and operations. Having already received a DGNB “Platinum” precertification, the asset will be constructed using concrete reclaimed from the existing building currently situated at this location. All materials used in construction will be documented in a material passport, showing where and how the various components were sourced and installed, ensuring they can be repurposed at the end of their service life. These measures are projected to reduce embodied carbon by up to 25%. Embodied carbon will be low at 366kg CO2e/m², significantly below the RICS Building Carbon Database (offices) average benchmark of 1291kg CO2e/m².

 

The use of timber in the building’s load-bearing structure will ensure that approximately 1,100 tonnes of carbon will remain stored in the building fabric, rather than emitted into the atmosphere. During the course of the asset’s lifespan, emissions associated with the building’s operation will be reduced by 65% in comparison to a typical office building through the integration of a photovoltaic system, efficient heating, cooling and ventilation systems and the use of a ground water heat pump. The building will also harvest and store rainwater, supplying irrigation systems for the benefit of surrounding green areas.

 

David Ironside, Fund Manager of Encore+ at LaSalle Investment Management, commented: “This is an industry-leading and best-in-class project. The first of its kind in Munich, its design in accordance with circular economy principles and resource-conserving operation will serve as a benchmark in sustainable real estate. Located in one of the most sought-after office submarkets in Munich, the property will be extremely well placed to meet the ever-evolving demands of future tenants around sustainability, quality, amenities and infrastructure while providing attractive long-term returns for our investors.”

 

Markus Diegelmann, Managing Partner at ACCUMULATA Real Estate Group, added: “The start of demolition marks an exciting first step in the development of what will be one of the most sustainable office projects in Munich. At ACCUMULATA, we aim to promote the concepts of urban mining and the circular economy within the construction sector and this project is firmly aligned with this objective. By utilising ultra-high-quality and recyclable materials, we are creating an office building that can meet occupiers’ shifting requirements, both in terms of flexible working environments and sustainability standards.”

 

Georg Illichmann, Managing Director at CBRE GmbH, said: “As the first hybrid timber office building to be constructed in Munich, the project achieves all the modern-day requirements tenants demand from office buildings: easy accessibility to public transport, sustainability credentials and working spaces that promote communication, creativity and innovation. The building’s use of timber, unique to the Munich office market, will not only support the building’s sustainability credentials but also the wellbeing of occupiers. At CBRE, we are proud to be leading on the marketing of this unique asset and be involved in ground-breaking project in the German real estate market as the lead estate agent.”

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Cain provides €99.7m for London office development (GB)

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Cain International has agreed an €99.7m (£86m) development loan with BauMont Real Estate Capital  and YardNine for the development of a 95,000ft² highly sustainable, best in class office-scheme at 100 Fetter Lane in central London known as ‘Edenica’. The asset was acquired by BauMont in January 2021 with development partner, YardNine. Located in City Mid-town, in close proximity to Farringdon, the development benefits from easy access to the newly opened Elizabeth Line via Farringdon, as well as City Thameslink and Chancery Lane stations, with a diverse range of cultural, leisure, retail and educational amenities nearby.

 

The asset received planning consent in September 2021 for the delivery of a new 12-storey development, with over 8,000ft² of roof gardens, a new pedestrian route and garden square at ground level, alongside more than 230 cycle spaces. In addition to the light filled workspace the scheme will include a new café and F&B uses.

 

The building, situated at 100 Fetter Lane, has been named ‘Edenica’, a reference to the extensive outdoor spaces which form part of the scheme and adjoin it. The project is targeting the highest environmental standards of BREEAM Outstanding, WiredScore, SmartScore and WELL certifications.  Sustainability, technology and wellbeing are extensively incorporated into the design. This includes voluminous office space with clear heights of over 3 metres, openable windows to enable mixed-mode ventilation, extensive planted terraces to encourage biodiversity and provide significant external breakout spaces, facilities to encourage active modes of travel, and high-performance 100% electric building designed with the Waterman Group to ensure the building uses as little energy as possible and achieves Net Zero carbon emissions in use. Construction work has commenced on site and the scheme is due for completion in Summer 2024. 

 

Tanja Yerolemou-Ennsgraber, Senior Vice President – Real Estate Finance at Cain International, said: “We are excited to partner with an experienced sponsor and developer duo, joining their journey to deliver a best-in class office scheme. The project embraces the needs and desires of the future occupier, being mindful about their experience and bringing it to the fore. BauMont and YardNine have successfully unlocked a fantastic development opportunity and we are pleased to bring our construction financing expertise to the table and see Edenica unfold.” 

 

Damien Pasini, Director at BauMont Real Estate Capital said: “Following the recepit of planning permission last year, securing development financing is another significant milestone for 100 Fetter Lane. We look forward to working with Cain and YardNine to deliver a highly sustainable and innovative workplace in one of Central London’s most vibrant submarkets.”

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