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Valuation Advice

Kings Cross, London


Client

One Housing Group

Property

Shared Ownership & Affordable/Social Rent Tenure Flats

Project Summary

Strettons provided RICS Red Book valuation advice ahead of proposed acquisition of high-rise bocks of affordable tenure flats on this major development adjacent to Kings Cross Station.

Since 2008, we have been advising on the Market Value of the newly built flats prior to the marketing of shared ownership tenure flats.

We were able to provide accurate valuations through our detailed research and expert analysis of the private sale evidence in the location. Also high value shared ownership tenure flats further afield us to achieve this.

The most recent valuation advice related to shared ownership tenure flats within the ‘Gas Holder Site’.

‘Kings Cross Central’ is the redevelopment of the rail lands to the north of Kings Cross and St Pancras Stations. The development is being co-ordinated by Argent PLC who, in conjunction with other joint venture partners, has control over the redevelopment of some 67 acres of land. 

Planning permission has been secured for some 8 million sq ft of mixed use redevelopment. This will comprise 4.7 million sq ft of offices, about 500,000 sq ft of retail space, 1,900 homes and further development providing for the construction of hotels, serviced apartments, student accommodation, leisure, health, community, cultural and educational uses.

The shared ownership tenure flats were unique given the central location, high specification and high value.

Gary Powis

020 7614 0905
gary.powis@strettons.co.uk