Eating outside? It’s a London lifestyle choice
Debate over the fall-out from Brexit, and in particular its impact on the value of property in Newington Green and the surrounding area, will continue long after Britain’s departure from the EU is confirmed at some point in 2018.
This result of the referendum was delivered despite data published by the BBC revealing that of the 101,600 votes cast in Islington, 75.2% were in favour of Britain remaining in the EU. And that figure jumps to 78.5% in Hackney, where 106,266 residents voted.
A range of opinions have been voiced about the impact of Brexit on the local housing market. Some property professionals are saying history teaches us that changing markets provide opportunity.
On the other hand, British Property Federation chief executive Melanie Leech says: “We now face a prolonged period of uncertainty.”
But she adds: “We may see a short-term ‘bounceback’ in transaction volumes, as those who have been waiting until the referendum is over make their move.”
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Whatever the impact of the referendum on the property market in Newington Green – and the truth is nobody can say with any certainty what it will be – M&M Property is confident homes in Newington Green, Stoke Newington, Islington, Highbury, Hackney and the surrounding areas will remain in demand.
Why? Because young professionals buy and rent in and around Newington Green because the area’s much-improved transport links have brought with it cool drinking venues and village-style independent eateries and shops.
Not only that, this part of London is now in easy reach of everything that makes London great in the eyes of the world.
Unlike other parts of the EU, London is not yet noted for its growing number of outdoor restaurants offering views over the capital’s skyline in addition to award-winning food.
If you need to escape debate about whether the falling value of the pound will encourage overseas investors to snap up property in London, M&M Property picks three outdoor restaurants in easy reach of Newington Green…
Where? 54 Pentonville Road N1 9HF
Claiming to have the best roof terrace in Angel, The Castle at the top of Pentonville Road allows diners to book an outdoor table, where a large-screen TV will be showing the summer sporting highlights. (Let’s hope the Olympics in Rio provide more highlights than the European Football Championships did for England fans.) Lunchtime visitors can choose from sandwiches and salads, while daily specials, king prawns cooked in garlic and lemon butter and pan-fried hake with tomato and black olives are on offer in the evening. Don’t forget to sample the extensive wine list.
Boundary Restaurant, Rooms & Rooftop
Where? 2-4 Boundary Street E2 7DD
The heated orangery on the roof of this converted warehouse is filled with orange, lemon, clementine and mimosa trees and is open all year round. But when the sun’s up, the space doubles in size and becomes a rooftop garden.
Offering an all-day menu including chargrilled steaks, fish, seafood and traditional French deserts (think pot au chocolat and crème brulee), a visit to this luxury hotel makes you think you’ve dropped into a neighbour’s private designer home complete with a well-stocked cocktail cabinet.
Where? 40 Commercial Street E1 6LP
Time Out says that the ‘seasonal and local food’ mantra is taken to silly heights at this gastropub in the heart of London’s East End, where salad leaves and some herbs for the kitchen are grown in planters on the roof garden.
But we disagree. The varied menu includes hake in langoustine sauce, pork chops with romesco and baby garlic or wood pigeon and chestnut wellington. Treat yourself to treacle pudding, panna cotta or poached rhubarb frangipane to round off your meal. And how many restaurants offer astronomy workshops?
Not only that, drinks – which are served until 2am on weekends – include a natural wine list from small growers the world over, locally-brewed beer and cocktails based on the herbs grown on the roof.
Before heading off to enjoy the gastronomic delights at any of the outdoor restaurants we’ve picked out for you, here’s something to chew over…
If the UK’s upcoming notice to quit the EU is making you think about leaving Newington Green or the surrounding area, two sets of new statistics reveal the importance of obtaining an accurate valuation of your home before putting it on the market.
Just 13,168 owners of property in London put their home up for sale between the start of 2016 and the week of 10 June. But during that same period of time 6181 property owners whose home was listed by an estate agent reduced their asking price, according to data firm Lon Res.
It takes between nine and 11 weeks to complete a property sale in Newington Green if its price reflects the home’s condition and the current state of the market, which could become stronger if the Bank of England reduces its base rate.
Our experienced property professionals, who have an in-depth knowledge of the local market in and around Newington Green, are ready to give you an accurate valuation of your house or flat. For more information, get in touch with M&M Property today. You could be surprised how much your home is worth on the open market.