Call me old-fashioned and nostalgic, but I am fond of terraced houses.
I've conducted some research that my fellow
readers of the Docklands Property Market Blog will find intriguing!
Architecturally speaking, the terraced or
townhouse has been prevalent in the UK since the late 1600s. It involves a row
of symmetrical houses that share side walls.
The credit for the first terraced houses goes
to Monsieur Barbon, a Frenchman who constructed them around St. Paul's
Cathedral during the rebuilding phase after the Great Fire of London in 1666.
Interestingly, the French invented the
terraced house concept around 1610-15 in the Le Marais district of Paris,
featuring planned squares and properties with identical facades. However, it
was during the 1730s that terraced houses truly flourished in London and, of
course, in Bath with the magnificent Royal Crescent.
Let's focus on Docklands (and the whole of
the Tower Hamlets London Borough Council area).
Many of our terraced houses in Docklands were built
during the Victorian era.
Terraced houses emerged as a response to
the Industrial Revolution, as people flocked to towns and cities for
employment.
Terraced houses provided decent, habitable
accommodation, offering an escape from the slums.
Interestingly,
most Docklands Victorian terraced houses followed a standard design: a ‘posh’
front room for high days and holidays, a back reception room where the family
resided daily, and a scullery attached to it (scullery -
a small kitchen at the rear of a house used for
washing pots and other dirty household work). Off the scullery, there was a door leading to a rear yard where you
would traditionally find the privy or outside toilet! There were two good sized
bedrooms upstairs, with a smaller third bedroom (or nursery) accessed directly through
the second.
Notably, in 1875, the Public Health Act
mandated that each house should have 108 square feet of liveable space per main
room, access to running water, an external toilet/privy and rear access for
waste collection (as there were no public sewers in Docklands at that time, at
least not where these "workers'" terraced houses were built).
During the 1960s and 70s, an indoor WC and
a bathroom were installed (often in that third bedroom or as a ground-floor
extension of the scullery). In the 1980s, gas central heating became prevalent,
and since then, there has been a continuous replacement of uPVC double glazing.
Two-storey terraced houses started to be
built again in the 1960s, yet they were marketed as 'townhouses’. Since the
early 2000s, with the price of building land rising so quickly, new homes
builders started to build three-storey townhouses.
The humble terraced/townhouse never
seems to go out of fashion!
Looking
at the makeup of all the Tower Hamlets Council area properties, some
fascinating numbers appear.
Of the 120,542
households in Tower Hamlets …
1,127
are detached properties
2,744
are semi-detached properties
10,654
are terraced/townhouse properties
105,826
are apartments/flats
...the
rest being made up of caravans and mobile homes.
Next, looking
at the percentage compared to the national picture is interesting.
0.9% are
detached properties (national average 26.1%)
2.3% are
semi-detached properties (national average 31.4%)
8.8% are
terraced/townhouse properties (national average 22.5%)
88.0%
are apartments/flats (national average 20.1%)
The
average price for a terraced house in ‘E’ postcode area in spring 1995 was £62,353.
Today, that figure stands at £657,261, a rise of 954%.
Not bad when you
consider the overall average in the same area during the same time frame has
only risen by 800%.
Terraced houses in Docklands often go
unnoticed by buyers, despite offering flexible and sizeable accommodation. It's
time to shed light on the untold story of these charming homes. If you're
thinking of selling your terraced house and want to ensure you get the best
price, look no further. As an experienced estate agent specialising in Docklands
properties, I'm here to offer you expert advice tailored to your needs.
Remember to consider the potential of the terraced
house.
These properties have a rich architectural
history and have provided significantly more habitable accommodation for
generations. From the standard Victorian design with its distinct rooms and
rear yard to the modern-day improvements of indoor facilities and central
heating, from the second coming of the terraced house in the last 50 years with
the ‘townhouse’, Docklands' terraced houses have continually evolved to meet
the needs of their residents.
Call me if you're ready to sell your
terraced house and want to maximise its value.
As a local estate agent, I deeply
understand the Docklands property market. With my expertise and personalised
guidance, we can navigate the selling process together, ensuring you achieve
the best possible outcome.
Contact me today to unlock the full
potential of your Docklands terraced house and secure a successful sale!
No comments:
Post a Comment