Buyer demand for third bedroom soars post-lockdown
As potential buyers re-enter the property market post-lockdown, new trends are emerging in their purchasing habits. Whereas aesthetic features such as kitchen islands used to top buyer priority lists, more space – whether indoor or outdoor – is fast becoming the new ‘must-have’ feature.
The trend is particularly prevalent in London, with a recent survey by Right Move finding properties with two or three bedrooms are now top of the wish list for buyers in the Capital.
Matthew Molone, Associate Director at London estate agent, Colliers, said “The impact of lockdown has had a clear influence on buyer preferences. Whereas a home of around 750sq.ft used to be the average across London, we’re increasingly seeing buyers looking for additional space, particularly as more and more people look to work from home in the future. Unsurprisingly, the time spent cooped up indoors has also driven demand for outdoor space, whether that be a garden, balcony or communal area, and we’re also seeing proximity to parks and cycle routes rising up “non-negotiable” lists.”
What’s more, many are starting to see the benefit in renting out a spare bedroom, to earn extra income whilst still being able to live in their home. Telford Homes has recently launched a range of stylish new three-bedroom apartments at its Gallions Point development, in the heart of the Royal Docks. Spread over 1,080 sq. ft., the beautiful apartments feature an expansive living area, three large bedrooms, a spacious entrance hall, an additional room which could serve as a study or utility space, as well as providing access to beautiful courtyard gardens.
To help new buyers make the most of their space, Telford Homes has pulled together some inspiration for those looking to re-purpose their third bedroom:
- Home Office:
The biggest driver of demand for a third bedroom is a space for a dedicated home-office. As an increasing number of buyers plan to work from home more in the future, many are choosing to convert a spare room into a stylish study.
Gallions Point also features a stylish private resident’s lounge, with flexible working space to be used as an office or for meetings, or an additional room in which to entertain friends and family.
For those looking to use the third bedroom for other uses, the apartment’s expansive living area lends itself to be easily zoned for a work-station, using shelves or bookcases as dividers. A winter garden in the corner of the room also provides the ideal setting for a study area, with the natural porcelain tile creating a defined, separate space from the wood strip laminate flooring in the rest of the room.
- Gym / wellness
As gyms remain closed, many have discovered the benefits of working out at home. Whatever your workout of choice, a spare room is a good place to convert into a home gym. Investing in a treadmill, punch bag or weights is great way to use the room to burn some calories. Or if yoga is more your style, decorate the spare room in soothing tones such as creams, warm browns and terracotta, add in a mat and create an at-home yoga studio.
- Children’s Room / playroom
For those with children, or looking to start a family, a third bedroom can of course be an ideal children’s bedroom. The 3-bed Show Home at Gallions Point has been transformed into a colourful and creative children’s room – adorned with jungle-themed furnishings to bring a sense of adventure to play time.
Or why not use the room to create a fun playroom – swapping out a bed for a sofa bed is ideal for sleepovers, and packing the space with a colourful playpen and lots of toys creates an engaging and fun space for playtime, outside of the main living space.
- Renting out your spare bedroom:
Many people are starting to see the benefits in renting out a spare bedroom. This can be less stressful than renting out an entire property, and a great way to earn extra monthly income, whilst still being able to enjoy your home. Independent Sales and Lettings Specialists, Chanin Estates, estimate that residents at the Gallions Point development could earn between £650 – £750 per month renting out their third bedroom, depending on the its size.
Located in the Royal Docks, overlooking the River Thames, the apartments at Gallions Point also benefit from coveted outdoor space. The development has three courtyard gardens, providing the perfect space to socialise with friends and neighbours and enjoy the fresh air without straying too far from home.
As well as the three beds, the development also features a collection of one and two bedroom apartments, available through the Help to Buy scheme and priced from just £348,750 for a one bed. Spread over 275 acres by the River Thames, the Royal Docks is undergoing a £314 million regeneration programme over the next five years and will become one of the most exciting new places to live in the capital.
The sales suite is located at 1A Atlantis Avenue, London, E16 2UB. 3-bedroom apartments at Gallions Point are priced from £706,250. For more information buyers can visit www.telfordhomes.london/gallions-point/ or call 020 3538 3273.
Bookings are available by appointment only. In order to adhere to government guidelines around social distancing, a maximum of two people will be permitted to attend any one appointment. Social distancing measures and sanitising provisions will be in place on-site.