Property&interiors 28 Wednesday, 7 October 2009 London Lite ZONE 1 HOMES AT ZONE PRICES: THE SE1 AREA REGARDED ASMarket moves... IF YOURE doing well -- or badly -- it might be down to the colour of your home. People living in blue- painted houses are more successful than those with homes painted other colours, according to a Sandtex Paints survey. Go for blue and youre most likely earning at least 38,000 a year. But if you live in a green-painted home youll be scraping by on just 13,100. Who knows how much those living in the pink houses in Notting Hill are raking in... SAVILLS estate agency has announced it has just had the busiest September in its 150-year history, which, as one of its agents put it, was a huge surprise. Sales in central London were up 75 per cent compared with September last year, the company says. Meanwhile, Knight Frank reckons prices in Chelsea, Kensington and Notting Hill have risen by eight to nine per cent since March. ACTOR Sean Pertwee, above, star of Dog Soldiers, is selling his five- bedroom house in Islington. He bought it in 2000 for 625,000, and its now on the market for an impressive 1.575m. Another property with a famous link has just been put up for sale, too -- the one- bedroom Fulham flat where Elizabeth Hurley lived, pre-Hugh, is on the market for 315,000 through Douglas & Gordon. COULD the avocado bathroom suite be making a comeback? According to a recent B&Q survey canvassing the opinions of under-35s, nearly a quarter of respondents deemed the much- maligned Seventies bathroom classic as fashionable now as it was then. Other formerly dated features that appear now to be viewed as the height of style, according to the research, are garden gnomes, flock wallpaper and stone cladding. BY JESSIE HEWITSON I F ITS true good things come to those who wait, the residents of Elephant & Castle are in for a treat. Property pundits have been talking about the 1.5bn regenera- tion of this south London area for more than a decade, but now, finally, things are starting to happen. Building has started on six new housing projects and plans are back on track, after a few hiccups, to dyna- mite the iconic but soulless shopping centre and rebuild it from scratch. Completion date for the new, improved shopping area is chalked for 2014, roughly when a new civic square and pedestrianised town centre will be built, and when the redevelop- ment of the sprawling Heygate Estate -- considered by many to be an eye- sore -- is due to be finished. The scale of the regeneration is vast: covering 173 acres, it is one of the largest projects of its kind in Europe, with an estimated 40 per cent of the area being rebuilt and more than 6,000 new homes created. Theres been scepticism things will ever change, because weve all been talking about it for so long, but it is really starting to happen and its exciting, says Kinleigh Folkard & Haywards Justin Bhoday. Carl Davenport, of Chesterton Humberts, adds: There is no doubt itll happen and the area will look signifi- cantly different in the next few years. Its a bit like when Kings Cross was redeveloped: not until building work was under way did people start to believe it. The new-build homes being created are mostly high-rise towers contain- ing apartments catering for young urban professionals. Strata SE1, which should be completed next year, will be the tallest skyscraper in central London, rising 43 floors. Most of its units have been sold off-plan, but the penthouses are still up for sale through DTZ, from 710,000 for a two-bed to 2.5m for a three-bed duplex. Other projects due to launch early next year are Printworks and 360 London, both being built by First Base and to be sold through Savills agency. Printworks is smaller -- about 140 units -- and 360 London, a tower designed by Richard Rogers, will have 470 units. The Elephants centrality is its biggest draw, says Savills associ- ate director of residential research, Marcus Dixon. Its a Zone 1 location with a Zone 3 price tag, he says. People who dont live there dont real- ise how close it is to cen- tral London. Theres also its prox- imity to lots of desira- ble areas. Borough Market is only a 20-minute walk away, and St Pauls and the South Bank are within a half-hour stroll. You can also get into town super-quick on the Tube or the bus. Average prices for a one- bed flat, according to Findaproperty. com, are 191,824; for a two-bed its 251,094 and a three-bed house will set you back 467,488. The problem, local agents report, is there is so little to buy in the area at the moment. The new-build devel- opments have either been sold off- plan, or developers are holding back sales until the market has strength- ened. This should be changing shortly, however, with a number of projects due to start selling early next year. Building has been slower than everyone would have hoped thanks to the recession, says Mike Bickerton of DTZ. But now the projects are mostly back on track, and there is a lot of amazing residential coming up. I think youll see a very different Elephant & Castle in a decade. Get in while the prices are still low and youll be onto a winner. Value for money: Alison Duker bought her two-bed flat for 129,500 in 2003 since March. 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