FEATURE
THE BEST OF BOTH WORLDS
Why waterfront developments combine the best of modern living with the natural ideal
Living on the water’s edge can wholly capture the imagination in a way other property types may not.
For many of us, the dream will remain at arm’s length as it is not always the most practical or accessibly property choice. That’s why waterfront developments offer the perfect go-between – they combine all the benefits of modern life with the natural aspect waterfront living offers.
Knight Frank Partners Francine Watson and Priya Black tell us about the different lifestyles that can be achieved in their respective markets of the UK’s south west, and London’s waterfront.
What qualities do residential developments on the water offer to homebuyers today?
FW: The South West property market is often seen as a holiday home haven and coastal or estuary views come high on the ‘must have’ list for many buyers. Many people find waterfront locations very relaxing, helping them unwind from their busy day-to-day.
PB: As well as the obvious USPs, such as views and proximity to water, typically some of our waterside developments are situated in vibrant waterside communities, such as London’s South Bank. The amenities, culture and leisure pursuits, and transport links, are right on your doorstep.
What advantages might they have over more conventional waterfront properties?
FW: Like any new home, they’re equipped to suit modern-day living. Flexible space to live how you want to live is key; it allows for spending time with the family and entertaining friends or guests, but also offers the space to lock yourself away when home working. New homes also tend to be more fuel-efficient and easier to run and maintain.
PB: Typically, larger new-home developments are equipped with on-site amenities such as gyms, business lounges or screening rooms, meaning residents have the dual benefit of choice: they can work and relax at home, or in the community.
In your regional markets, what lifestyle benefits do residential developments offer to buyers?
FW: In the South West, it really helps people achieve that healthy life-work balance we often hear about – and is the envy of those wanting to achieve it!
PB: Post-pandemic, exercise and enjoying the outdoors moved up everybody’s priority list – two things that can be enjoyed on an urban waterfront, such as in London.
CGI images of the luxury apartments at Oceanview in Carbis Bay, which have a 24-hour concierge and residents’ gym
Today, which developments in your markets excite you?
FW: Oceanview in Carbis Bay is a very exciting opportunity, and is due for completion at the end of the year. Its high-quality apartments are luxuriously finished, have stunning views, a 24-hour concierge, residents’ gym, private outside space and communal gardens.
PB: We have been working on the Southbank Place development for nearly 10 years – its exemplar show apartments and outstanding riverside views never fail to impress our teams.
From an investment point of view, how well do waterfront developments perform?
FW: Opportunities to buy them in the very best locations are few and far between. This means they’re always in demand and their values are maintained.
How can Knight Frank ensure you achieve the best price when it comes to selling your waterfront property?
FW: Many Knight Frank buyers know and trust our brand, whether they’re local or international. Our numerous service lines help and support our customers through their property journey, in such an in-depth way other agents can’t.
PB: Yes, and we take full advantage of our global network to market sellers’ homes to international buyers – waterfront properties are always in high demand.
For more information on the residential developments featured in this article, please contact either francine.watson@knightfrank.com or priya.black@knightfrank.com
Image right: CGI images of the luxury apartments at Oceanview in Carbis Bay, which have a 24-hour concierge and residents’ gym
