Downsizers took the spotlight in our latest market update. As these buyers are less likely to be waiting for a change in mortgage rates, they can take advantage of opportunities in the property market now.
Perhaps the most exciting news around downsizing, however, is a change in perspective around what this move means to the people who are making it, "We’re seeing many empty-nesters and retirees who are forgoing the traditional escape to the country for all the lifestyle benefits of a new-build development in a more central location" (Downsizers driving London demand for new homes).
Many downsizers have spent decades working on their career, their home and their mortgage. So, this is when you can reclaim that time and equity for new hobbies, social clubs, winters in villas overlooking Spanish beaches...whatever guilds your golden years. Foxtons downsizers tend to value an active and social community, an easy and comfortable home, a neighbourhood with beautiful green spaces and excellent amenities nearby.
Riverstone Kensington and Riverstone Fulham: For the less retiring, and exclusively for those aged 65 plus.
Foxtons New Homes team recommend Riverstone Kensington apartments, which we believe set a new standard for downsizing in the capital. We asked Carsten Smith, Commercial Sales Director of Riverstone, to show what makes these homes so special:
London in your golden years
Carsten describes Riverstone as, "1, 2 and 3 bedroom apartments with a wide range of on-site amenities: restaurant & bar, residents’ cinema, gym and pool, parking and 24 hour concierge. 5* hotel-style services, peace of mind, and central London locations."
Find your community
Every communal area – the gym and exercise studio, the espresso bar, the private cinema, the games room, the bar and restaurant, the library and lounge – is planned to the last detail to make residents’ experience exquisite. There are places to gather in groups, while away an afternoon with a new friend or enjoy a quiet moment to yourself.
Make memories
Riverstone maintains a full and exciting social schedule for residents to choose from, "a wide range of events and partnerships (including Saatchi Gallery, Royal Alert Hall, the ENO)."
Living easy
These apartments are specially designed, "for those who wish to live independently and who wish to continue enjoying a London lifestyle, but who might benefit from services, support, community and enjoyment." Your comfort is top priority, so the residence is "designed with health and well-being in mind, with discreet on-site care."
Your beautiful home
You'll be living in an elegant, award-winning apartment surrounded by landscaped gardens designed by RHS Chelsea Flower Show award-winner Andy Sturgeon. Riverstone is "a residence for now and for the future. Practical yet appealing."
Central location
This residence benefits from an enviable post code, situated in one of the most sought-after neighbourhoods in London just a few streets away from Holland Park and Kensington High Street.
Private tours and previews of Riverstone Kensington and Fulham are now available by appointment.
Ring the Foxtons New Homes team at 020 7659 8152 or email us to book your tour.
