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About the Area
The City of London contains the London Stock Exchange, Lloyd’s of London, and the Bank of England. It is home to hundreds of banks and financial institutions actively trading in various markets and exchanges; making the City of London the heart of the global economy.
Tower Hill is an elevated spot north-west of the Tower of London. Recently the area has gone through an exciting re-generation programme and is a popular area for City workers looking for a convenient location close to their place of work. It is a vibrant multi-cultural area with an eclectic mix of restaurants and retail.
Myrdle Street is located in the Tower Hamlets (E1) borough of London in close proximity to the City of London and providing easy access to the West End.
London is seen as a hub for international commerce due to several reasons:
• 65% of Fortune’s Global 500 companies operate there.
• Contributes around 17% of UK’s total GDP.
• Serves as the European headquarters to 33% of the world’s largest companies.
• London Stock Exchange accounts for 32% of global turnover.
• More overseas company listings on the LSE than any other stock exchange.
• London is home to around 500 foreign banks and insurance companies.
• London has the UK’s largest concentration of internet related firms
• Home to 85% of UK fashion designers.
• Home to 70% of the UK’s film and television companies.
Myrdle Street is well connected to transport links with a short 6 minute walk to Whitechapel Underground Station and a 9 minute walk to Aldgate East Underground Station (District and Hammersmith & City Lines). The Shadwell DLR station is a 12 minute walk away providing easy access into Canary Wharf.
Development Overview
Myrdle street is a new development of super luxury flats in a Grade 2 listed conservation area. The building has been designed in keeping with the late Victorian style of the neighbouring properties and features sash windows and modern brickwork. The turn of the century styled exterior holds a core of chic city pads, some featuring steam rooms and all with jacuzzi baths.
Apartments
The developer has launched the apartments at a price range of GBP 275,000 – GBP 375,000 sizes ranging from 484 sqft – 700 sqft; the majority of the apartments have a balcony or garden.
Three new four-storey Georgian style homes are for sale on a freehold basis, situated on 28-32 Parfett Street which runs parallel to Myrdle Street. Each house is made up of 4 bedrooms 2 bathrooms and are 1,453 sqft. They are built up over 4 floors; basement which contains the kitchen and dinning areas; ground floor contains the living area and the first and second floor house the bedrooms. Each house has its own garden.
Town Houses
Houses are being sold at a price of GBP 675 000. Individual house plans are available upon request.
The houses, like the apartments, have fitted branded appliances in the kitchen and are completed with modern bathrooms.
Recent months have seen increasingly positive data being reported on the UK market. As stock levels of prime London property show signs of drying up and with sales volumes and mortgage approval rates significantly higher than they were 12 months ago, the London property market is showing signs of improvement. This trend is only set to increase over the medium term as liquidity return to the market with credit lines re-opening and consumer sentiment continues to improve. The London Borough of Tower Hamlets, in which Cobb Street is located, has reported a fall of around -14.1% over the last year. It was, however, the best performing borough in July posting gains of 3.1%+
More property photographs
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