Purchasing High Net Worth Property
Harrods Village, London
Harrods Village is situated in Barnes, with part of the development within the Grade II listed former Harrods warehouse buildings – the Harrods Furniture Depository. It also has modern apartment blocks and town houses on the site, all within a gated development.
The development comprises around 250 apartments and penthouses, some with river views, and all designed to the highest specification. Residents have access to 24-hour porterage and security, as well as a private health complex, boasting a state of the art gym, swimming pool, sauna and steam room.
Barnes itself is located in the Borough of Richmond upon Thames and resembles a British village, thanks to its village green, cricket club and even a duck pond. Boutique shops supply local produce, and various markets bring something different for London. Its riverside position lends itself well to al fresco dining and drinking when the weather allows, with beautiful views across the Thames available.
Barnes is on a mainline rail line, with direct access to Waterloo within 25 minutes and buses connect it to nearby Wandsworth, Richmond and Hammersmith.Property in Harrods Village
You can expect to pay around £1.3million for a two-bedroom apartment in the converted depository building in the development. This will give its residents river views, and the unique interior style that comes with a warehouse conversion.
Securing a mortgage in Harrods Village
Properties in Harrods Village are typically upward of £1million, which can be more complicated to secure a mortgage for. Unless you have a very large deposit, arranging a £1million+ mortgage at a high loan to value (LTV) can be very difficult—so a good broker with excellent contacts across London can help.
A broker like Enness has ample experience securing such mortgages, and has the knowledge of the London property market to ensure the best solution.
Is it still a good idea to invest in London property?
There have been conflicting reports over the last year about the state of the London property market—but price stagnation means now is a good time for buyers to drive a hard bargain. For more information about why now is a good time to invest in luxury London real estate, click here.
Whatever your personal profile is—be that a foreign national from the Middle East, an expat, a self-employed worker or an employee with large bonus income—we have the contacts to find you the perfect mortgage and complete the purchase of your property in Harrods Village.