The London Mews Finchley: Prices for Homes Designed by Peter Barber

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Hello everyone. A scheme signed by the award winning architect Peter Barber, reinterpreting London’s classic mews tradition. Today, from Finchley, The London Mews is what we are looking at today!

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

A brand new street created in the heart of Finchley, north London. The design is by one of the most respected residential architects in England, Peter Barber. The scheme takes its inspiration from the tree lined suburban streets of London around it: extended balconies, generous arches, secluded courtyards and creative lighting. One, two and three bedroom houses. Yes, you read that correctly, you can own a home in an architecturally award winning scheme.

Prices

• Houses: £415,000and up
• 1, 2 and 3 bedrooms options
• Size: 115 m²’ye kadar
• Architecture: award winning Peter Barber Architects
• Address: Finchley, Barnet, London N3 3AY

Owning a home in a scheme with an architectural identity is a rare thing in London. Thousands of new apartments come to market every year and most of them are the same as one another; a mews street designed by an award winning architect cannot be manufactured. That is distinguishing for both quality of life and resale. the advantages of buying a new build home a special scheme for anyone who wants to combine it with architectural value.

Why The London Mews?

The mews tradition: a way of living particular to London: historically the mews was born from the conversion of the stables behind the great houses of London into homes. Today the mews houses of Notting Hill and Belgravia are among the most sought after homes in the city. Peter Barber rebuilds that tradition in a modern language: a development at street scale, with courtyards, focused on people.

• Finchley Central (Northern Line), close by
• West Finchley and Woodside Park stations are a short distance away too
• on the Northern Line Direct to King’s Cross, Bank and the West End
• Fast access to the motorway network via the North Circular and the M1
• The tree lined streets, parks and schools of Finchley all around

An advantage in floor area, layouts running up to 115 m² are very generous compared with London apartments in the £415,000 band. At this price in areas close to the centre you would get 45 to 50 m². For family use that difference is decisive.

Daily life: the calm rhythm of Finchley

In the morning Bank or the West End with no change on the Northern Line. A break in the courtyards of the mews street at lunchtime. The restaurants and cafes of Finchley in the evening; at the weekend Hampstead Heath, Highgate Wood and Alexandra Palace are a short distance away. Finchley is one of the most settled and family friendly districts of north London, known for its strong schools and quiet street fabric.

The London Mews rental yield

Rental demand in Finchley is steady and family weighted. Two bedroom houses usually let for £1,900 to £2,400 a month, three bedroom houses £2,500 to £3,100 a month. That puts the gross rental yield in the 5-5.5% band.

Tenant profile: professionals working in central London and young families who favour the schools of north London. Homes with an architectural identity stand apart in the rental market too, finding a tenant faster and at a better price than an ordinary new build apartment. For areas with a similar profile, high yield buy to let areas is worth a look.

The interior fit out and the details that set The London Mews apart

The technical specification of this scheme is markedly above its price band:

• Kitchen: Dove Grey dolaplar, Grohe a stainless steel sink and tap, integrated Bosch appliances (a fridge, a freezer, a washing machine, a dryer, a dishwasher), soft close doors and drawers.
• Bathrooms, Kaldewei, Grohe and Lecico sanitaryware; a Grohe Tempesta 210 shower set, a MERLYN sliding or folding shower enclosure, an LED lit HIB Ambiance mirror.
• Heating, Underfloor heating throughout the home, with touchscreen control; a Baxi combination boiler; heated chrome towel rails in the bathrooms.
• Windows, Nordan composite aluminium; high thermal and acoustic insulation performance.
• Floor: grey limed oak Karndean in the kitchen, living room and hall; grey slate in the bathrooms; a Clarendon Royal Windsor carpet in the bedrooms and on the stairs.
• Connectivity, BT and Virgin Media fibre optic, multi room connection in the living room and the bedrooms.
• Security: CCTV in the basement, a video entry system at the shared entrance.
• Common Areas: lit mews landscaping and textured finishes in the shared areas.

Energy efficiency and comfort

The combination of underfloor heating, Nordan windows with high thermal and acoustic insulation and energy efficient lighting provides a superior performance for this price band; the homes are typically in the EPC B band. Against the Victorian and Edwardian building stock of Finchley the difference in the bill is very marked. If you let the property you are also safe against the tightening minimum energy standards in the United Kingdom.

Who is buying?

This project of those looking for a home with character and architectural value choice. Professionals and young families aged 30 to 55 who do not want to live in a standard tower apartment. The multicultural make up of this part of north London also makes Finchley familiar to international buyers, and the area has strong schools and a settled community. Layouts running up to 115 m² suit family use as well.

Frequently asked questions

Peter Barber kimdir? One of the most respected residential architects in England; he is known in particular for housing designs at street scale focused on people, and has won many architectural awards. A scheme carrying his signature is a strong reference for the quality of the design.

The images available are limited. The project images on the site are low resolution; ask the developer for current photographs and floor plans before choosing an apartment, and we request them on your behalf.

What is the tenure? The mews houses are generally freehold, the apartments leasehold. We check it home by home.

Can I buy remotely from abroad? Yes. For the details, our remote property purchase guide page.

Can I use a mortgage? Foreign buyers can normally borrow up to 65-75% of the value. UK mortgages for foreign nationals is worth reading.

Total cost: what you actually pay when you buy at The London Mews

Many overseas buyers look only at the apartment price and meet a surprise at completion. Let us work out the real cost on a £415,000 property. Stamp duty (SDLT) in the United Kingdom is banded: 0% up to £125,000, then 2%, 5%, 10% and 12%. On top of that, non-residents pay a 2% surcharge, and if you already own another home, a further 5% additional dwelling rate applies.

With a mortgage there are also valuation and bank charges, and if you let the property, management commission and income tax. The figures above are indicative, based on a £415,000 entry price; we prepare the exact calculation for your own scenario.

The London Mews buying process, step by step

If you are buying from another country, the process runs like this:

• 1. Choosing the apartment and reserving it. We go through the floor plans, the aspect and the view. The apartment you choose is usually held with a reservation fee of £5,000 to £10,000.
• 2. Appointing a solicitor. An independent English property solicitor (conveyancer) is appointed. That solicitor acts for you, not for the developer.
• 3. Identity and source of funds checks. You will be asked for a passport, proof of address and documents showing the source of your funds. This step is compulsory in the United Kingdom, and having the papers ready shortens the process.
• 4. Exchange of contracts and deposit. Contracts are usually exchanged within 21 days of the reservation, with a 10% deposit. The signature can be given digitally from abroad.
• 5. Stage payments. In off plan projects these follow the payment schedule; for completed apartments the step is skipped.
• 6. Completion. The remaining balance and the stamp duty are paid and the title is registered in your name. For completed apartments this stage can take four to eight weeks.

You can run the whole process from your own country; you do not have to travel to the United Kingdom.

Risks and what to watch for

We have set out the strengths; in fairness there are points to watch as well. For The London Mews, these are the ones worth pausing on:

• Project images are low resolution: the photographs on the site are 1,048px and below; ask for current images and floor plans before choosing a home.
• Zone 3-4 location: the Northern Line is direct but the journey to the centre is longer than from the Zone 1 and 2 schemes.
• The shared amenities are limited: there is no pool, gym or concierge; the interior fit out is strong but do not expect social facilities.
• A limited number of homes: a boutique scale scheme; the type you want may not always be available.

None of this makes the project a bad one, but there is a wide gap between buying with your eyes open and finding out afterwards. We give every client this list up front.

How does The London Mews compare with the alternatives?

Before you decide, it is worth looking at the other projects in the same budget band:

• Hornsey Town Hall: another scheme with an architectural identity in north London.
• Colindale Gardens: in the same borough, an amenity package with 9 acres of green space and a sauna included.
• Woodberry Down: Berkeley quality on the bank of the ponds in north London.

We can work out together which project fits your goal, judged on budget, intended use and exit plan. For an overview, our guide to UK property investment for international buyers is worth reading too.

Answers to the most common questions on this topic: Is Buying a Home in London a Good Idea?