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Living in Shepherd’s Bush

Sell My House Quickly in Shepherd’s Bush

Sell My House Quickly found another interesting article about properties in Shepherd’s Bush.

If you find urban villages smug, this district’s got old-style London character, great transport links and homes half the price of Holland Park just up the road.

While other parts of London are busy regenerating almost beyond recognition, good old Shepherd’s Bush resolutely refuses to bow to the winds of change.

Goldhawk and Uxbridge Roads are the same slightly tatty strips of restaurants, boozers and corner shops that they were 20 years ago — even though the family homes on their side streets can now change hands for seven-figure sums.

Shepherd’s Bush Green still has a forlorn air despite a recent facelift and the traders of Shepherd’s Bush Market have fought a long, bitter and ultimately successful battle to prevent a £150 million regeneration proposal that would swallow up their traditional street market and replace it with flats, shops, restaurants and market stalls, à la Camden Market.

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The centre of Shepherd’s Bush might be determinedly shabby but off the main drag there are streets of rather elegant Victorian townhouses, mostly now divided into flats (Daniel Lynch)

On Shepherd’s Bush Green itself, plans to inject a bit of east London cool with a new offshoot of glitzy boutique hotel The Hoxton have also just been scuppered. In November local resident Sabine Guerry went all the way to the High Court to complain that the new building, which had been granted planning permission by Hammersmith & Fulham council, would block daylight to her and her neighbours’ nearby homes. The planning application was duly quashed.

The next developer to try its luck in Shepherd’s Bush will be Land Securities, owner of the grotty W12 Shopping Centre, which is overshadowed in every sense by the nearby Westfield London mall. Earlier this year the firm unveiled plans to redevelop this Seventies throwback, with some 700 homes in high-rise buildings, plus offices and a new shopping centre. More detailed plans are set to be published soon.

But while debate continues over how — and whether — Shepherd’s Bush should be regenerated, the neighbourhood’s housing market has been quietly blossoming. First impressions aren’t great but its big plus points include a wonderful location that’s on the fringes of Prime Central London and four miles west of the West End. Transport links are excellent while schools are good and period houses are plentiful. And although it might not be all gastropubs and artisanal cafés, what Shepherd’s Bush has to offer is real, old-fashioned character to buyers bored with terribly smug London villages.

The Centre of Shepherd’s Bush

“There is a huge dichotomy in Shepherd’s Bush between the not-very-nice shopping streets and the beautiful housing just off them,” says Marc von Grundherr, a director at Benham & Reeves estate agents. “The biggest problem is that Westfield sucks out all of the best retailers — none of the big names will take a shop on Goldhawk Road.”

On the upside, for buyers at least, Von Grundherr estimates that prices in the area have fallen 10 per cent during the last 18 months of political uncertainty. A period flat would now cost around £800 per square foot, he says. One of the glitzy new flats up the road at White City would be closer to £1,200 per square foot.

Houses are rarer finds, and therefore slightly more expensive. Von Grundherr estimates that buyers need to budget around £1,000 per square foot for a family home in Shepherd’s Bush. “But Holland Park, which is just up the road, would be double the price,” he says. “If you can get past the first impressions, you have got lovely houses which are affordable… in inverted commas.”

The property scene

The centre of Shepherd’s Bush might be determinedly shabby but off the main drag there are streets of rather elegant Victorian townhouses, mostly now divided into flats. A typical two-bedroom period flat would cost between £550,000 and £650,000, while a two-bedroom purpose-built flat would start at around £400,000.

A four-bedroom terrace house would cost around £1.2 million, although some properties are significantly above this average.

The most expensive home to buy in Shepherd’s Bush right now is a spectacular converted factory just off Goldhawk Road. Now an eight-bedroom detached house, the 3,707sq ft property, a jewellery workshop in a previous incarnation, is listed with Aylesford International for £3.95 million.

We found this article on Homes & Property. Kindly click the link to read the full story.

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