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25% of new homes in latest phase of Bristol's Wapping Wharf Living snapped up

25th November 2019

Categories: Latest News

Over a quarter of the new homes in the second phase of development at Wapping Wharf have been sold (subject to contract) within six months of being launched to market.

42 of the 163 one, two and three-bedroom apartments have been bought ‘off-plan' well ahead of completion. 20 of the homes sold have been one-bedroom, 20 two-bedroom and two are three-bedroom.

Most buyers either live or work in Bristol or have a strong link to the city and are already very familiar with the well-established community at Wapping Wharf, with its independent shops, cafes and restaurants.

Several buyers already own or currently rent a home in the initial phase of Wapping Wharf and have first-hand knowledge of how desirable a place it is to live. They represent a wide range of ages and stages of life, from young first-time buyers to older downsizers.

Pauline Sangster, senior residential sales & marketing manager at Wapping Wharf Living, says: "We are absolutely thrilled with the response we've had to the new homes, especially so far in advance of them being completed. People are buying here partly due to the design of the homes but also because they already know and love Wapping Wharf and this is the place they want to live."

Wapping Wharf is an award-winning, much-loved new neighbourhood on Bristol's harbourside, already home to an established community of residents and independent businesses.

Sue Dyer, partner at Atwell Martin, who has been involved in marketing both phases of homes adds: "Wapping Wharf has become an urban village in its own right and is a really special place in Bristol, with its independent shops and restaurants spilling down Gaol Ferry Steps and housed in its trade-mark shipping containers. There are other new home developments in the city centre and close to the water but what sets Wapping Wharf apart is its strong, dynamic community, which people want to belong to."

A new show apartment complete with kitchen and bathroom on the first floor gives potential buyers an idea of how their new home could look. The ground floor is home to the marketing suite for buyers to meet with the sales team and find out more about what life living at Wapping Wharf would be like.

Vicky Dudbridge, director of residential development sales at Savills said: "Wapping Wharf offers something really different which is why the new apartments are so popular, despite the on-going economic uncertainty. The fact that potential buyers can see the quality of materials and the specification in an apartment layout in the show home has also built confidence, helping people to envisage what their new homes will be like."

Located on Museum Street at Wapping Wharf, the show home and marketing suite are housed in converted shipping containers, similarly to CARGO, a hub home to many of the quarter's eateries, shops and businesses.

In keeping with the historic dockside location and the phase one design, the new development has the same industrial wharf-like character.  Many apartments have balconies overlooking the new street scenes or internal garden courtyards. Airy vaulted ceilings and terraces feature in many of the top floor apartments.

The restored early 19th century, Grade II listed Gaol Gate is set to become an impressive new public entrance to Wapping Wharf. Housed in two buildings called Abel Yard and Hope Quay, with five and six floors respectively, the development includes one, two and three-bed apartments. The architects, Alec French, also designed the previous homes at Wapping Wharf.

Sales agents Savills and Atwell Martin are marketing the Wapping Wharf Living homes for sale.

Wapping Wharf is right in the heart of the city.  Located next to the harbour and M-Shed with the Arnolfini, Watershed and Bristol Old Vic all within walking distance, it is part of Bristol's cultural and leisure hub.  The CARGO development of shops and eateries located in converted shipping containers continues to flourish, growing the area's reputation as the place to go to find exciting restauranteurs and unique emerging independents.

Wapping Wharf Living is being developed by Umberslade and Muse Developments in a joint venture which has secured £23.4 million funding from Homes England towards phase two. The support comes from Homes England's Home Building Fund, which provides loans to help unlock or accelerate the delivery of residential and mixed-use housing developments.

The aim at Wapping Wharf is to create a mixed community of people from different walks of life and at different stages of their lives so across the whole development, the homes are being made available on a range of tenures, including open market sales and rent, shared ownership, affordable rent and social rent.

In the current phase of construction, there are 256 homes in total, 163 for open market sale, 49 shared ownership and 44 for private rent. Following this phase, a further 81 affordable homes will be built, including 41 shared ownership and 40 affordable rent. 

Enquiries can be made to sales@wappingwharfliving.co.uk  or by calling 0117 363 7839, or you can register your interest at http://wappingwharfliving.co.uk/

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