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Hello everyone. A London scheme that carries a hotel brand’s name and genuinely takes its service from that hotel. Today we are looking at One Nine Elms and its Park Hyatt branded residences.
For prices, taxes and the whole buying process, see our guide: UK Property Guide
Apartment types, current price range and location: see the project page
One Nine Elms consists of two towers on the riverside at 1 Nine Elms Lane: the 58-storey City Tower and the 160-metre, 42-storey River Tower. There are 437 homes in total. The 103 apartments from the 20th floor of the River Tower are the Park Hyatt London River Thames branded residences. The architecture is by KPF (Kohn Pedersen Fox).
Prices
- Apartments: £1,970,000and up
- one, two and three bedroom options
- Sizes: one bedroom around 65 m², two bedroom around 121 m², three bedroom around 158 m²
- The price per square metre on the entry apartment is around £30,300
- Developer: R&F Properties (UK), architect KPF
- Address: 1 Nine Elms Lane, Nine Elms, London SW8 5HD
- Completion: June 2024, ready to move in
What does a branded residence mean?
In a branded residence the apartment is tied to a hotel operator’s service standard. Here that is Park Hyatt: residents have access to the hotel’s facilities around the clock, the concierge comes from the hotel team, and room service and housekeeping can be requested. The price of that shows in the price per square metre and in the service charge; in return the apartment appeals to a distinct pool of tenants and buyers.
- A 20-metre indoor swimming pool
- A double-height gym
- Spa, treatment rooms and sauna
- Beauty salon and meditation pods
- 24-hour concierge
The apartments are furnished with Italian brands such as Poltrona Frau, Poliform and Moroso; floor-to-ceiling windows and winter gardens open onto the river.
Location and transport
- Vauxhall station about 0.35 km: Victoria Line and national rail
- Nine Elms Underground station (Northern Line) within walking distance
- Battersea Power Station about 1.33 km
- Westminster and Victoria a few minutes away
- The City and Canary Wharf along the river on the Thames Clipper
Tenant profile
In this segment the tenant is buying the service rather than the price: executives on long stays in London, diplomatic staff and senior professionals relocating with their families. A furnished apartment with hotel service is where the rental premium comes from in that group. Being finished means rental income can start straight away.
We work out the rent expectation from current rental listings in the same area rather than from an estimate; the figures by city and borough are on our cities with the highest rental yields page.
Total cost: what do you really pay when you buy at One Nine Elms?
The table below is indicative, worked on the £1,970,000 entry price for a buyer who is not resident in the United Kingdom.
| Item | If it will be your only home | If it will be an additional home |
|---|---|---|
| Property price | £1,970,000 | £1,970,000 |
| Stamp duty (SDLT), non-resident buyer | £189,600 | £288,000 |
| Legal fees | £2,000 to £3,500 | £2,000 to £3,500 |
| Searches and Land Registry fees | around £900 | around £900 |
| Approximate total | £2,164,000 | £2,262,400 |
At this budget stamp duty on its own is the second largest item. For your own scenario you can use our our purchase cost calculator, for stamp duty our stamp duty calculator and for rental income our rental income tax calculator .
Risks and what to watch for
- The service charge in a branded residence is markedly higher than in an unbranded scheme, because the hotel services feed into it. Ask for the annual figure in writing.
- The entry price is above the Nine Elms average. The price per square metre is around twice that of unbranded schemes in the same area.
- The buyer pool in this segment is narrow; liquidity on resale can be lower than for mid segment apartments.
- Floor and aspect change the price considerably; the difference between the River Tower and the City Tower is not only the view but access to the service.
How does One Nine Elms compare with the alternatives?
- One Thames City: the same developer, the same area, a much lower entry price.
- Embassy Gardens: a neighbouring scheme with a strong architectural identity.
- DAMAC Tower: a designer branded alternative in Nine Elms.
We can work out together which scheme fits your goal, based on your budget, your intended use and your exit plan.
Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?
