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Friday, 3 August 2018

LONDON PROPERTY GURU MAKES DIRE WARNING ON HOLIDAY INN

WOODLEIGH-SMITH
Alex Woodleigh-Smith, a leading London property specialist and founder of AWS Prime says the Holiday Inn development will have a 'disastrous
impact' on property values in the epicentre of the development and the 'fallout area'.


 NIGHTMARE


"Whilst many will be glad to see the Holiday Inn building demolished, the proposed replacement will be even less popular. A much higher tower such as this, plus an entirely new one adjacent, would be a catastrophic blight for local residents and a dire impact on property values for those affected in the area.

Living close to a construction site of this size, with all the associated nuisance of dust, thundering lorries, and constant noise are not great inducements for buyers in an already fragile market. Purchasers will see a great opportunity to chip away at asking prices and this could result in a drop in values by anything from 15% to 30% in the worst affected cases. Whilst this may be a medium-term side effect if this scheme gets the green light the character of the area will change from a quiet and charming enclave into a 'suburb' dominated by a large and out of scale 'mega towers' development.” 
My international client base wants to invest in the best areas in London and the vast majority are attracted to the picturesque streets of RBKC. 
I could not encourage my clients to buy in the shadow of a building of this nature.

Woodleigh-Smith concluded by saying: "residents should be very worried about the impact on the quality of their lives and the value of their major assets"
Posted by the Dame in the

7 comments:

  1. Anonymous3 August 2018 at 22:33

    The neighbours of the intended site have no idea how terrible it will be. Our neighbourhood has been subjected to demolition and construction of new houses since 2011 and it has been a nightmare. Noise, vibration which shakes your home as if there is an earthquake, dusts, constant flow of heavy tracks, concrete mixers, heavy machinary and drilling.

    If there is a graded house, may be you could put in a strong objection because it might damage your property depending on the proximity.

    ReplyDelete
  2. Anonymous4 August 2018 at 08:29

    So no doubt Kensington Society will support this disaster just as they supported Newcombe House. Sad but they have lost their way.

    ReplyDelete
    Replies
    1. Anonymous4 August 2018 at 10:02

      No, the KS are vehemently and proactively opposed. Your continual diatribes against the KS which does hugely valuable work are becoming monotonous and deeply boring

      Delete
    2. Anonymous4 August 2018 at 11:32

      Wake up and smell the coffee. Stop trying to defend the indefensible.

      Delete
  3. Lord Kensington4 August 2018 at 10:29

    Woodleigh-Smith is a sound chap. Articulate and well informed. Residents should take his warnings seriously.

    ReplyDelete
  4. BdF5 August 2018 at 02:28

    Has the impact of the UK leaving the EU (March 2019) on this project been assessed? Remember that there is no legal obligation on developers to finish what they have started. Will local residents be faced with a 2nd wasteland, similar to the Capco one?

    ReplyDelete

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